ALPINE INCOME PROPERTY TRUST (PINE) Stock Fundamental Analysis
NYSE:PINE - New York Stock Exchange, Inc. - US02083X1037 - REIT - Currency: USD
We assign a fundamental rating of 3 out of 10 to PINE. PINE was compared to 130 industry peers in the Diversified REITs industry. There are concerns on the financial health of PINE while its profitability can be described as average. While showing a medium growth rate, PINE is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year PINE was profitable.
PINE had a positive operating cash flow in the past year.
In the past 5 years PINE has always been profitable.
PINE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.34%, PINE perfoms like the industry average, outperforming 45.38% of the companies in the same industry.
The Return On Equity of PINE (0.82%) is comparable to the rest of the industry.
PINE has a worse Return On Invested Capital (1.62%) than 73.08% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PINE is in line with the industry average of 3.19%.
The last Return On Invested Capital (1.62%) for PINE is above the 3 year average (1.35%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 0.82% | ||
| ROIC | 1.62% |
ROA(3y)2.01%
ROA(5y)1.68%
ROE(3y)4.45%
ROE(5y)3.84%
ROIC(3y)1.35%
ROIC(5y)1.12%
1.3 Margins
PINE has a Profit Margin (3.96%) which is comparable to the rest of the industry.
PINE's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 23.48%, PINE is in line with its industry, outperforming 53.85% of the companies in the same industry.
In the last couple of years the Operating Margin of PINE has declined.
Looking at the Gross Margin, with a value of 85.46%, PINE belongs to the top of the industry, outperforming 86.92% of the companies in the same industry.
In the last couple of years the Gross Margin of PINE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.48% | ||
| PM (TTM) | 3.96% | ||
| GM | 85.46% |
OM growth 3Y8.89%
OM growth 5Y-3.06%
PM growth 3Y-50.72%
PM growth 5Y-31.96%
GM growth 3Y-0.9%
GM growth 5Y0.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PINE is destroying value.
The number of shares outstanding for PINE has been increased compared to 1 year ago.
Compared to 5 years ago, PINE has more shares outstanding
The debt/assets ratio for PINE is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.51, we must say that PINE is in the distress zone and has some risk of bankruptcy.
PINE has a Altman-Z score (0.51) which is in line with its industry peers.
A Debt/Equity ratio of 1.24 is on the high side and indicates that PINE has dependencies on debt financing.
PINE has a Debt to Equity ratio of 1.24. This is comparable to the rest of the industry: PINE outperforms 48.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.51 |
ROIC/WACC0.25
WACC6.58%
2.3 Liquidity
PINE has a Current Ratio of 0.66. This is a bad value and indicates that PINE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.66, PINE is not doing good in the industry: 67.69% of the companies in the same industry are doing better.
PINE has a Quick Ratio of 0.66. This is a bad value and indicates that PINE is not financially healthy enough and could expect problems in meeting its short term obligations.
PINE's Quick ratio of 0.66 is on the low side compared to the rest of the industry. PINE is outperformed by 67.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The earnings per share for PINE have decreased strongly by -26.32% in the last year.
The earnings per share for PINE have been decreasing by -18.88% on average. This is quite bad
The Revenue has grown by 14.40% in the past year. This is quite good.
Measured over the past years, PINE shows a very strong growth in Revenue. The Revenue has been growing by 31.60% on average per year.
EPS 1Y (TTM)-26.32%
EPS 3Y-8.04%
EPS 5Y-18.88%
EPS Q2Q%-400%
Revenue 1Y (TTM)14.4%
Revenue growth 3Y20.12%
Revenue growth 5Y31.6%
Sales Q2Q%19.08%
3.2 Future
Based on estimates for the next years, PINE will show a very negative growth in Earnings Per Share. The EPS will decrease by -27.61% on average per year.
The Revenue is expected to grow by 4.56% on average over the next years.
EPS Next Y-80.57%
EPS Next 2Y-26.08%
EPS Next 3Y-30.2%
EPS Next 5Y-27.61%
Revenue Next Year8.57%
Revenue Next 2Y6.55%
Revenue Next 3Y0.76%
Revenue Next 5Y4.56%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 116.29 indicates a quite expensive valuation of PINE.
62.31% of the companies in the same industry are cheaper than PINE, based on the Price/Earnings ratio.
PINE's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.92.
PINE is valuated quite expensively with a Price/Forward Earnings ratio of 598.45.
The rest of the industry has a similar Price/Forward Earnings ratio as PINE.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.65, PINE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 116.29 | ||
| Fwd PE | 598.45 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PINE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.47 |
4.3 Compensation for Growth
PINE's earnings are expected to decrease with -30.20% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-26.08%
EPS Next 3Y-30.2%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.80%, PINE is a good candidate for dividend investing.
PINE's Dividend Yield is a higher than the industry average which is at 16.86.
Compared to an average S&P500 Dividend Yield of 2.51, PINE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.8% |
5.2 History
PINE has been paying a dividend for over 5 years, so it has already some track record.
PINE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
812.54% of the earnings are spent on dividend by PINE. This is not a sustainable payout ratio.
DP812.54%
EPS Next 2Y-26.08%
EPS Next 3Y-30.2%
16.28
-0.06 (-0.37%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners62.94%
Inst Owner Change1.07%
Ins Owners0.8%
Ins Owner Change-0.01%
Market Cap235.73M
Analysts84.44
Price Target19.42 (19.29%)
Short Float %0.33%
Short Ratio0.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.8% |
Yearly Dividend1.18
Dividend Growth(5Y)N/A
DP812.54%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)320.86%
Min EPS beat(2)-394.12%
Max EPS beat(2)1035.83%
EPS beat(4)3
Avg EPS beat(4)273.71%
Min EPS beat(4)-394.12%
Max EPS beat(4)1035.83%
EPS beat(8)6
Avg EPS beat(8)223.74%
EPS beat(12)10
Avg EPS beat(12)415.76%
EPS beat(16)13
Avg EPS beat(16)353.85%
Revenue beat(2)2
Avg Revenue beat(2)5.12%
Min Revenue beat(2)0.37%
Max Revenue beat(2)9.87%
Revenue beat(4)3
Avg Revenue beat(4)3.72%
Min Revenue beat(4)-0.2%
Max Revenue beat(4)9.87%
Revenue beat(8)4
Avg Revenue beat(8)0.24%
Revenue beat(12)7
Avg Revenue beat(12)0.75%
Revenue beat(16)10
Avg Revenue beat(16)2.04%
PT rev (1m)-0.87%
PT rev (3m)-4.49%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)-100%
EPS NY rev (1m)2.58%
EPS NY rev (3m)-84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.79%
Revenue NY rev (1m)0.4%
Revenue NY rev (3m)1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 116.29 | ||
| Fwd PE | 598.45 | ||
| P/S | 4.51 | ||
| P/FCF | N/A | ||
| P/OCF | 9.21 | ||
| P/B | 0.93 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 14.47 |
EPS(TTM)0.14
EY0.86%
EPS(NY)0.03
Fwd EY0.17%
FCF(TTM)-3.38
FCFYN/A
OCF(TTM)1.77
OCFY10.86%
SpS3.61
BVpS17.47
TBVpS14.44
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 0.82% | ||
| ROCE | 2.05% | ||
| ROIC | 1.62% | ||
| ROICexc | 1.63% | ||
| ROICexgc | 1.78% | ||
| OM | 23.48% | ||
| PM (TTM) | 3.96% | ||
| GM | 85.46% | ||
| FCFM | N/A |
ROA(3y)2.01%
ROA(5y)1.68%
ROE(3y)4.45%
ROE(5y)3.84%
ROIC(3y)1.35%
ROIC(5y)1.12%
ROICexc(3y)1.36%
ROICexc(5y)1.14%
ROICexgc(3y)1.53%
ROICexgc(5y)1.29%
ROCE(3y)1.71%
ROCE(5y)1.42%
ROICexcg growth 3Y21.28%
ROICexcg growth 5Y-4.5%
ROICexc growth 3Y22.94%
ROICexc growth 5Y-3.12%
OM growth 3Y8.89%
OM growth 5Y-3.06%
PM growth 3Y-50.72%
PM growth 5Y-31.96%
GM growth 3Y-0.9%
GM growth 5Y0.21%
F-Score4
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.26 | ||
| Cap/Depr | 291.18% | ||
| Cap/Sales | 142.69% | ||
| Interest Coverage | 1.02 | ||
| Cash Conversion | 67.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 0.51 |
F-Score4
WACC6.58%
ROIC/WACC0.25
Cap/Depr(3y)473.98%
Cap/Depr(5y)803.52%
Cap/Sales(3y)248.74%
Cap/Sales(5y)420.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-26.32%
EPS 3Y-8.04%
EPS 5Y-18.88%
EPS Q2Q%-400%
EPS Next Y-80.57%
EPS Next 2Y-26.08%
EPS Next 3Y-30.2%
EPS Next 5Y-27.61%
Revenue 1Y (TTM)14.4%
Revenue growth 3Y20.12%
Revenue growth 5Y31.6%
Sales Q2Q%19.08%
Revenue Next Year8.57%
Revenue Next 2Y6.55%
Revenue Next 3Y0.76%
Revenue Next 5Y4.56%
EBIT growth 1Y74.91%
EBIT growth 3Y30.81%
EBIT growth 5Y27.57%
EBIT Next Year213.46%
EBIT Next 3Y52.71%
EBIT Next 5Y30.62%
FCF growth 1Y16.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-0.14%
OCF growth 3Y14.19%
OCF growth 5Y23.51%