PIEDMONT REALTY TRUST INC (PDM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PDM - US7201902068 - REIT
8.64 USD
+0.11 (+1.29%)
8.47 USD
-0.17 (-1.97%)
PDM gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. PDM has a bad profitability rating. Also its financial health evaluation is rather negative. PDM does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
PDM had negative earnings in the past year.
PDM had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PDM reported negative net income in multiple years.
In the past 5 years PDM always reported a positive cash flow from operatings.
1.2 Ratios
PDM has a worse Return On Assets (-1.76%) than 71.09% of its industry peers.
PDM's Return On Equity of -4.58% is on the low side compared to the rest of the industry. PDM is outperformed by 71.09% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.65%, PDM is doing worse than 75.00% of the companies in the same industry.
PDM had an Average Return On Invested Capital over the past 3 years of 1.61%. This is in line with the industry average of 3.05%.
The last Return On Invested Capital (1.65%) for PDM is above the 3 year average (1.61%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.76% | ||
| ROE | -4.58% | ||
| ROIC | 1.65% |
ROA(3y)0.16%
ROA(5y)1.33%
ROE(3y)0.05%
ROE(5y)2.47%
ROIC(3y)1.61%
ROIC(5y)1.69%
1.3 Margins
The Operating Margin of PDM (14.29%) is worse than 68.75% of its industry peers.
In the last couple of years the Operating Margin of PDM has declined.
The Gross Margin of PDM (59.67%) is worse than 67.97% of its industry peers.
PDM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.29% | ||
| PM (TTM) | N/A | ||
| GM | 59.67% |
OM growth 3Y-3.24%
OM growth 5Y-6.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.64%
GM growth 5Y-0.47%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PDM is destroying value.
PDM has more shares outstanding than it did 1 year ago.
PDM has less shares outstanding than it did 5 years ago.
The debt/assets ratio for PDM is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.26, we must say that PDM is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.26, PDM is not doing good in the industry: 78.13% of the companies in the same industry are doing better.
PDM has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of PDM (1.43) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.26 |
ROIC/WACC0.25
WACC6.53%
2.3 Liquidity
PDM has a Current Ratio of 1.83. This is a normal value and indicates that PDM is financially healthy and should not expect problems in meeting its short term obligations.
PDM has a Current ratio of 1.83. This is in the better half of the industry: PDM outperforms 78.13% of its industry peers.
A Quick Ratio of 1.83 indicates that PDM should not have too much problems paying its short term obligations.
The Quick ratio of PDM (1.83) is better than 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.52% over the past year.
The Revenue has decreased by -1.23% in the past year.
PDM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.36% yearly.
EPS 1Y (TTM)14.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-22.22%
Revenue 1Y (TTM)-1.23%
Revenue growth 3Y2.56%
Revenue growth 5Y1.36%
Sales Q2Q%-0.09%
3.2 Future
PDM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.71% yearly.
Based on estimates for the next years, PDM will show a small growth in Revenue. The Revenue will grow by 0.63% on average per year.
EPS Next Y36.66%
EPS Next 2Y38.36%
EPS Next 3Y26.71%
EPS Next 5YN/A
Revenue Next Year-1.15%
Revenue Next 2Y-0.8%
Revenue Next 3Y0.63%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for PDM. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for PDM. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PDM is valued a bit cheaper than the industry average as 79.69% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.8 |
4.3 Compensation for Growth
PDM's earnings are expected to grow with 26.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.36%
EPS Next 3Y26.71%
5. Dividend
5.1 Amount
PDM has a Yearly Dividend Yield of 1.47%.
With a Dividend Yield of 1.47, PDM pays less dividend than the industry average, which is at 6.20. 89.84% of the companies listed in the same industry pay a better dividend than PDM!
Compared to the average S&P500 Dividend Yield of 1.87, PDM is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.47% |
5.2 History
The dividend of PDM decreases each year by -9.98%.
PDM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-9.98%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of PDM are negative and hence is the payout ratio. PDM will probably not be able to sustain this dividend level.
DP-44.17%
EPS Next 2Y38.36%
EPS Next 3Y26.71%
8.64
+0.11 (+1.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners92.76%
Inst Owner Change-0.84%
Ins Owners0.85%
Ins Owner Change0.49%
Market Cap1.08B
Revenue(TTM)565.37M
Net Income(TTM)-70.35M
Analysts74.29
Price Target9.86 (14.12%)
Short Float %2.4%
Short Ratio3.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.47% |
Yearly Dividend0.5
Dividend Growth(5Y)-9.98%
DP-44.17%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-147.52%
Min EPS beat(2)-177.23%
Max EPS beat(2)-117.82%
EPS beat(4)0
Avg EPS beat(4)-217.07%
Min EPS beat(4)-560.07%
Max EPS beat(4)-13.15%
EPS beat(8)0
Avg EPS beat(8)-273.19%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.61%
Min Revenue beat(2)-2.18%
Max Revenue beat(2)-1.04%
Revenue beat(4)0
Avg Revenue beat(4)-0.83%
Min Revenue beat(4)-2.18%
Max Revenue beat(4)-0.01%
Revenue beat(8)1
Avg Revenue beat(8)-1.08%
Revenue beat(12)2
Avg Revenue beat(12)-1.19%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)7.41%
PT rev (3m)7.41%
EPS NQ rev (1m)-25%
EPS NQ rev (3m)-66.67%
EPS NY rev (1m)-23.33%
EPS NY rev (3m)-117.65%
Revenue NQ rev (1m)-0.79%
Revenue NQ rev (3m)-1.49%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.9 | ||
| P/FCF | N/A | ||
| P/OCF | 6.96 | ||
| P/B | 0.7 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 10.8 |
EPS(TTM)-0.53
EYN/A
EPS(NY)-0.05
Fwd EYN/A
FCF(TTM)-0.27
FCFYN/A
OCF(TTM)1.24
OCFY14.38%
SpS4.54
BVpS12.33
TBVpS11.51
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.76% | ||
| ROE | -4.58% | ||
| ROCE | 2.09% | ||
| ROIC | 1.65% | ||
| ROICexc | 1.65% | ||
| ROICexgc | 1.7% | ||
| OM | 14.29% | ||
| PM (TTM) | N/A | ||
| GM | 59.67% | ||
| FCFM | N/A |
ROA(3y)0.16%
ROA(5y)1.33%
ROE(3y)0.05%
ROE(5y)2.47%
ROIC(3y)1.61%
ROIC(5y)1.69%
ROICexc(3y)1.63%
ROICexc(5y)1.7%
ROICexgc(3y)1.69%
ROICexgc(5y)1.78%
ROCE(3y)2.03%
ROCE(5y)2.14%
ROICexgc growth 3Y-2%
ROICexgc growth 5Y-8.36%
ROICexc growth 3Y-1.27%
ROICexc growth 5Y-7.91%
OM growth 3Y-3.24%
OM growth 5Y-6.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.64%
GM growth 5Y-0.47%
F-Score5
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.25 | ||
| Cap/Depr | 84.82% | ||
| Cap/Sales | 33.24% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 51.16% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.83 | ||
| Altman-Z | -0.26 |
F-Score5
WACC6.53%
ROIC/WACC0.25
Cap/Depr(3y)115.95%
Cap/Depr(5y)158.85%
Cap/Sales(3y)44.72%
Cap/Sales(5y)59.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-22.22%
EPS Next Y36.66%
EPS Next 2Y38.36%
EPS Next 3Y26.71%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.23%
Revenue growth 3Y2.56%
Revenue growth 5Y1.36%
Sales Q2Q%-0.09%
Revenue Next Year-1.15%
Revenue Next 2Y-0.8%
Revenue Next 3Y0.63%
Revenue Next 5YN/A
EBIT growth 1Y6.79%
EBIT growth 3Y-0.77%
EBIT growth 5Y-5.41%
EBIT Next Year384.68%
EBIT Next 3Y71.96%
EBIT Next 5YN/A
FCF growth 1Y-145.88%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-26.96%
OCF growth 3Y-6.48%
OCF growth 5Y-1.02%
PIEDMONT REALTY TRUST INC / PDM FAQ
What is the ChartMill fundamental rating of PIEDMONT REALTY TRUST INC (PDM) stock?
ChartMill assigns a fundamental rating of 2 / 10 to PDM.
What is the valuation status for PDM stock?
ChartMill assigns a valuation rating of 1 / 10 to PIEDMONT REALTY TRUST INC (PDM). This can be considered as Overvalued.
Can you provide the profitability details for PIEDMONT REALTY TRUST INC?
PIEDMONT REALTY TRUST INC (PDM) has a profitability rating of 2 / 10.
What is the financial health of PIEDMONT REALTY TRUST INC (PDM) stock?
The financial health rating of PIEDMONT REALTY TRUST INC (PDM) is 3 / 10.
What is the earnings growth outlook for PIEDMONT REALTY TRUST INC?
The Earnings per Share (EPS) of PIEDMONT REALTY TRUST INC (PDM) is expected to grow by 36.66% in the next year.