HEALTHPEAK PROPERTIES INC (PEAK) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PEAK - US42250P1030 - REIT
17.1 USD
+0.35 (+2.09%)
17.1 USD
0 (0%)
PEAK gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. There are concerns on the financial health of PEAK while its profitability can be described as average. PEAK is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PEAK had positive earnings in the past year.
In the past year PEAK had a positive cash flow from operations.
Each year in the past 5 years PEAK has been profitable.
In the past 5 years PEAK always reported a positive cash flow from operatings.
1.2 Ratios
PEAK has a better Return On Assets (1.94%) than 65.60% of its industry peers.
With a decent Return On Equity value of 4.79%, PEAK is doing good in the industry, outperforming 68.80% of the companies in the same industry.
With a Return On Invested Capital value of 2.45%, PEAK perfoms like the industry average, outperforming 47.20% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PEAK is in line with the industry average of 3.06%.
The 3 year average ROIC (2.14%) for PEAK is below the current ROIC(2.45%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.94% | ||
| ROE | 4.79% | ||
| ROIC | 2.45% |
ROA(3y)2.8%
ROA(5y)2.26%
ROE(3y)6.66%
ROE(5y)5.35%
ROIC(3y)2.14%
ROIC(5y)1.89%
1.3 Margins
With a decent Profit Margin value of 13.95%, PEAK is doing good in the industry, outperforming 68.00% of the companies in the same industry.
PEAK's Profit Margin has declined in the last couple of years.
The Operating Margin of PEAK (20.53%) is comparable to the rest of the industry.
PEAK's Operating Margin has declined in the last couple of years.
The Gross Margin of PEAK (59.28%) is worse than 73.60% of its industry peers.
In the last couple of years the Gross Margin of PEAK has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.53% | ||
| PM (TTM) | 13.95% | ||
| GM | 59.28% |
OM growth 3Y15.69%
OM growth 5Y-5.54%
PM growth 3Y-17.66%
PM growth 5Y-30.94%
GM growth 3Y4.39%
GM growth 5Y-2.65%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PEAK is destroying value.
Compared to 1 year ago, PEAK has about the same amount of shares outstanding.
PEAK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PEAK is higher compared to a year ago.
2.2 Solvency
PEAK has an Altman-Z score of 0.34. This is a bad value and indicates that PEAK is not financially healthy and even has some risk of bankruptcy.
PEAK has a Altman-Z score of 0.34. This is in the lower half of the industry: PEAK underperforms 64.80% of its industry peers.
The Debt to FCF ratio of PEAK is 32.87, which is on the high side as it means it would take PEAK, 32.87 years of fcf income to pay off all of its debts.
PEAK has a Debt to FCF ratio (32.87) which is in line with its industry peers.
PEAK has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
PEAK has a Debt to Equity ratio of 1.08. This is comparable to the rest of the industry: PEAK outperforms 53.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 32.87 | ||
| Altman-Z | 0.34 |
ROIC/WACC0.37
WACC6.55%
2.3 Liquidity
PEAK has a Current Ratio of 0.14. This is a bad value and indicates that PEAK is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of PEAK (0.14) is worse than 96.80% of its industry peers.
A Quick Ratio of 0.14 indicates that PEAK may have some problems paying its short term obligations.
PEAK's Quick ratio of 0.14 is on the low side compared to the rest of the industry. PEAK is outperformed by 96.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 |
3. Growth
3.1 Past
PEAK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.86%.
PEAK shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -23.30% yearly.
The Revenue has been growing slightly by 5.81% in the past year.
PEAK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.86% yearly.
EPS 1Y (TTM)-38.86%
EPS 3Y-12.64%
EPS 5Y-23.3%
EPS Q2Q%1200%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y9.86%
Revenue growth 5Y12.86%
Sales Q2Q%5.56%
3.2 Future
PEAK is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.48% yearly.
Based on estimates for the next years, PEAK will show a quite strong growth in Revenue. The Revenue will grow by 8.55% on average per year.
EPS Next Y-30.18%
EPS Next 2Y-0.06%
EPS Next 3Y-5.39%
EPS Next 5Y-3.48%
Revenue Next Year15.38%
Revenue Next 2Y10.7%
Revenue Next 3Y8.55%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 30.54, the valuation of PEAK can be described as expensive.
PEAK's Price/Earnings ratio is a bit cheaper when compared to the industry. PEAK is cheaper than 61.60% of the companies in the same industry.
PEAK is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.47, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 43.73 indicates a quite expensive valuation of PEAK.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PEAK indicates a somewhat cheap valuation: PEAK is cheaper than 65.60% of the companies listed in the same industry.
PEAK is valuated rather expensively when we compare the Price/Forward Earnings ratio to 34.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.54 | ||
| Fwd PE | 43.73 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PEAK is valued a bit cheaper than 62.40% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PEAK is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.73 | ||
| EV/EBITDA | 13.46 |
4.3 Compensation for Growth
PEAK's earnings are expected to decrease with -5.39% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.06%
EPS Next 3Y-5.39%
5. Dividend
5.1 Amount
PEAK has a Yearly Dividend Yield of 7.02%, which is a nice return.
PEAK's Dividend Yield is a higher than the industry average which is at 6.59.
Compared to an average S&P500 Dividend Yield of 2.41, PEAK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
5.2 History
The dividend of PEAK decreases each year by -11.76%.
PEAK has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-11.76%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
215.92% of the earnings are spent on dividend by PEAK. This is not a sustainable payout ratio.
The Dividend Rate of PEAK has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP215.92%
EPS Next 2Y-0.06%
EPS Next 3Y-5.39%
17.1
+0.35 (+2.09%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners117.78%
Inst Owner Change1.47%
Ins Owners0.15%
Ins Owner Change0%
Market Cap9.36B
Revenue(TTM)2.18B
Net Income(TTM)304.29M
Analysts78.18
Price Target22.19 (29.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
Yearly Dividend1.2
Dividend Growth(5Y)-11.76%
DP215.92%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)34.48%
Min EPS beat(2)25.88%
Max EPS beat(2)43.09%
EPS beat(4)3
Avg EPS beat(4)50.32%
Min EPS beat(4)-17.64%
Max EPS beat(4)149.96%
EPS beat(8)6
Avg EPS beat(8)80.62%
EPS beat(12)9
Avg EPS beat(12)65.46%
EPS beat(16)12
Avg EPS beat(16)81.29%
Revenue beat(2)1
Avg Revenue beat(2)-0.5%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)0.62%
Revenue beat(8)2
Avg Revenue beat(8)-0.54%
Revenue beat(12)3
Avg Revenue beat(12)-1.7%
Revenue beat(16)3
Avg Revenue beat(16)-8.89%
PT rev (1m)-1.34%
PT rev (3m)2.46%
EPS NQ rev (1m)-15.62%
EPS NQ rev (3m)-7.95%
EPS NY rev (1m)-12.55%
EPS NY rev (3m)-6.5%
Revenue NQ rev (1m)-1.28%
Revenue NQ rev (3m)-1.28%
Revenue NY rev (1m)6.65%
Revenue NY rev (3m)16.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.54 | ||
| Fwd PE | 43.73 | ||
| P/S | 4.29 | ||
| P/FCF | 44.73 | ||
| P/OCF | 9.78 | ||
| P/B | 1.47 | ||
| P/tB | 1.55 | ||
| EV/EBITDA | 13.46 |
EPS(TTM)0.56
EY3.27%
EPS(NY)0.39
Fwd EY2.29%
FCF(TTM)0.38
FCFY2.24%
OCF(TTM)1.75
OCFY10.22%
SpS3.99
BVpS11.61
TBVpS11.03
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.94% | ||
| ROE | 4.79% | ||
| ROCE | 3.1% | ||
| ROIC | 2.45% | ||
| ROICexc | 2.47% | ||
| ROICexgc | 2.68% | ||
| OM | 20.53% | ||
| PM (TTM) | 13.95% | ||
| GM | 59.28% | ||
| FCFM | 9.59% |
ROA(3y)2.8%
ROA(5y)2.26%
ROE(3y)6.66%
ROE(5y)5.35%
ROIC(3y)2.14%
ROIC(5y)1.89%
ROICexc(3y)2.16%
ROICexc(5y)1.9%
ROICexgc(3y)2.33%
ROICexgc(5y)2.05%
ROCE(3y)2.71%
ROCE(5y)2.39%
ROICexgc growth 3Y28.26%
ROICexgc growth 5Y4.6%
ROICexc growth 3Y28.51%
ROICexc growth 5Y3.28%
OM growth 3Y15.69%
OM growth 5Y-5.54%
PM growth 3Y-17.66%
PM growth 5Y-30.94%
GM growth 3Y4.39%
GM growth 5Y-2.65%
F-Score6
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 32.87 | ||
| Debt/EBITDA | 5.74 | ||
| Cap/Depr | 99.62% | ||
| Cap/Sales | 34.25% | ||
| Interest Coverage | 2.38 | ||
| Cash Conversion | 79.85% | ||
| Profit Quality | 68.75% | ||
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 | ||
| Altman-Z | 0.34 |
F-Score6
WACC6.55%
ROIC/WACC0.37
Cap/Depr(3y)183.97%
Cap/Depr(5y)234.29%
Cap/Sales(3y)65.04%
Cap/Sales(5y)98.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-38.86%
EPS 3Y-12.64%
EPS 5Y-23.3%
EPS Q2Q%1200%
EPS Next Y-30.18%
EPS Next 2Y-0.06%
EPS Next 3Y-5.39%
EPS Next 5Y-3.48%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y9.86%
Revenue growth 5Y12.86%
Sales Q2Q%5.56%
Revenue Next Year15.38%
Revenue Next 2Y10.7%
Revenue Next 3Y8.55%
Revenue Next 5YN/A
EBIT growth 1Y13.63%
EBIT growth 3Y27.09%
EBIT growth 5Y6.6%
EBIT Next Year208.15%
EBIT Next 3Y49.06%
EBIT Next 5Y31.97%
FCF growth 1Y249.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.21%
OCF growth 3Y8.03%
OCF growth 5Y2.41%
HEALTHPEAK PROPERTIES INC / PEAK FAQ
Can you provide the ChartMill fundamental rating for HEALTHPEAK PROPERTIES INC?
ChartMill assigns a fundamental rating of 3 / 10 to PEAK.
Can you provide the valuation status for HEALTHPEAK PROPERTIES INC?
ChartMill assigns a valuation rating of 2 / 10 to HEALTHPEAK PROPERTIES INC (PEAK). This can be considered as Overvalued.
What is the profitability of PEAK stock?
HEALTHPEAK PROPERTIES INC (PEAK) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for PEAK stock?
The Price/Earnings (PE) ratio for HEALTHPEAK PROPERTIES INC (PEAK) is 30.54 and the Price/Book (PB) ratio is 1.47.
Can you provide the financial health for PEAK stock?
The financial health rating of HEALTHPEAK PROPERTIES INC (PEAK) is 1 / 10.