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PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Fundamental Analysis

NYSE:PLYM - New York Stock Exchange, Inc. - US7296401026 - REIT - Currency: USD

16.75  +0.12 (+0.72%)

Fundamental Rating

4

Taking everything into account, PLYM scores 4 out of 10 in our fundamental rating. PLYM was compared to 129 industry peers in the Diversified REITs industry. PLYM has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, PLYM is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

PLYM had positive earnings in the past year.
In the past year PLYM had a positive cash flow from operations.
PLYM had negative earnings in 4 of the past 5 years.
PLYM had a positive operating cash flow in each of the past 5 years.
PLYM Yearly Net Income VS EBIT VS OCF VS FCFPLYM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100M -200M -300M

1.2 Ratios

PLYM has a Return On Assets of 0.06%. This is comparable to the rest of the industry: PLYM outperforms 42.86% of its industry peers.
PLYM has a Return On Equity of 0.19%. This is comparable to the rest of the industry: PLYM outperforms 43.65% of its industry peers.
The Return On Invested Capital of PLYM (2.02%) is worse than 67.46% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PLYM is below the industry average of 3.11%.
The 3 year average ROIC (1.06%) for PLYM is below the current ROIC(2.02%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.06%
ROE 0.19%
ROIC 2.02%
ROA(3y)-1.14%
ROA(5y)-2.01%
ROE(3y)-3.05%
ROE(5y)-5.57%
ROIC(3y)1.06%
ROIC(5y)0.8%
PLYM Yearly ROA, ROE, ROICPLYM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 60

1.3 Margins

PLYM has a Profit Margin of 0.42%. This is comparable to the rest of the industry: PLYM outperforms 42.86% of its industry peers.
PLYM's Operating Margin of 17.95% is on the low side compared to the rest of the industry. PLYM is outperformed by 61.90% of its industry peers.
PLYM's Operating Margin has improved in the last couple of years.
PLYM has a Gross Margin (68.90%) which is in line with its industry peers.
PLYM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 17.95%
PM (TTM) 0.42%
GM 68.9%
OM growth 3Y49.06%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.75%
GM growth 5Y1.23%
PLYM Yearly Profit, Operating, Gross MarginsPLYM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100 -200

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2

2. Health

2.1 Basic Checks

PLYM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for PLYM has been increased compared to 1 year ago.
PLYM has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PLYM is higher compared to a year ago.
PLYM Yearly Shares OutstandingPLYM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
PLYM Yearly Total Debt VS Total AssetsPLYM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

PLYM has an Altman-Z score of 0.57. This is a bad value and indicates that PLYM is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.57, PLYM is in line with its industry, outperforming 47.62% of the companies in the same industry.
A Debt/Equity ratio of 1.89 is on the high side and indicates that PLYM has dependencies on debt financing.
PLYM has a Debt to Equity ratio of 1.89. This is in the lower half of the industry: PLYM underperforms 73.02% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.89
Debt/FCF N/A
Altman-Z 0.57
ROIC/WACC0.34
WACC5.94%
PLYM Yearly LT Debt VS Equity VS FCFPLYM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M 800M

2.3 Liquidity

A Current Ratio of 2.65 indicates that PLYM has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.65, PLYM belongs to the top of the industry, outperforming 82.54% of the companies in the same industry.
PLYM has a Quick Ratio of 2.65. This is a bad value and indicates that PLYM is not financially healthy enough and could expect problems in meeting its short term obligations.
PLYM has a Quick ratio of 0.26. This is amonst the worse of the industry: PLYM underperforms 93.65% of its industry peers.
Industry RankSector Rank
Current Ratio 2.65
Quick Ratio 0.26
PLYM Yearly Current Assets VS Current LiabilitesPLYM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

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5

3. Growth

3.1 Past

PLYM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 187.18%, which is quite impressive.
PLYM shows a small growth in Revenue. In the last year, the Revenue has grown by 2.63%.
The Revenue has been growing by 32.36% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)187.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
Revenue 1Y (TTM)2.63%
Revenue growth 3Y22.06%
Revenue growth 5Y32.36%
Sales Q2Q%3.41%

3.2 Future

PLYM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.52% yearly.
The Revenue is expected to grow by 6.97% on average over the next years.
EPS Next Y176.5%
EPS Next 2Y46.95%
EPS Next 3Y43.18%
EPS Next 5Y48.52%
Revenue Next Year0.92%
Revenue Next 2Y3.64%
Revenue Next 3Y4.82%
Revenue Next 5Y6.97%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
PLYM Yearly Revenue VS EstimatesPLYM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 50M 100M 150M 200M 250M
PLYM Yearly EPS VS EstimatesPLYM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 -1 -2 -3 -4 -5

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3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 49.26, the valuation of PLYM can be described as expensive.
PLYM's Price/Earnings ratio is in line with the industry average.
PLYM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.28.
With a Price/Forward Earnings ratio of 1313.73, PLYM can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, PLYM is valued a bit more expensive than 61.11% of the companies in the same industry.
PLYM is valuated expensively when we compare the Price/Forward Earnings ratio to 91.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 49.26
Fwd PE 1313.73
PLYM Price Earnings VS Forward Price EarningsPLYM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 200 400 600 800 1K

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, PLYM is valued a bit cheaper than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.59
PLYM Per share dataPLYM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PLYM's earnings are expected to grow with 43.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y46.95%
EPS Next 3Y43.18%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.76%, PLYM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 18.24, PLYM pays a bit more dividend than its industry peers.
PLYM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 5.76%

5.2 History

The dividend of PLYM decreases each year by -18.05%.
PLYM has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-18.05%
Div Incr Years0
Div Non Decr Years0
PLYM Yearly Dividends per sharePLYM Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

5036.41% of the earnings are spent on dividend by PLYM. This is not a sustainable payout ratio.
DP5036.41%
EPS Next 2Y46.95%
EPS Next 3Y43.18%
PLYM Yearly Income VS Free CF VS DividendPLYM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100M -200M -300M
PLYM Dividend Payout.PLYM Dividend Payout, showing the Payout Ratio.PLYM Dividend Payout.PayoutRetained Earnings

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PLYMOUTH INDUSTRIAL REIT INC

NYSE:PLYM (1/30/2025, 1:53:33 PM)

16.75

+0.12 (+0.72%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)02-19 2025-02-19/amc
Inst Owners99.89%
Inst Owner Change-0.15%
Ins Owners1.23%
Ins Owner Change0.27%
Market Cap760.28M
Analysts76.47
Price Target23.74 (41.73%)
Short Float %4.08%
Short Ratio4.68
Dividend
Industry RankSector Rank
Dividend Yield 5.76%
Yearly Dividend0.95
Dividend Growth(5Y)-18.05%
DP5036.41%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-401.51%
Min EPS beat(2)-983.24%
Max EPS beat(2)180.21%
EPS beat(4)3
Avg EPS beat(4)65.37%
Min EPS beat(4)-983.24%
Max EPS beat(4)590.2%
EPS beat(8)6
Avg EPS beat(8)34.87%
EPS beat(12)7
Avg EPS beat(12)16.14%
EPS beat(16)9
Avg EPS beat(16)8.73%
Revenue beat(2)1
Avg Revenue beat(2)-2.82%
Min Revenue beat(2)-6.29%
Max Revenue beat(2)0.66%
Revenue beat(4)1
Avg Revenue beat(4)-2.85%
Min Revenue beat(4)-6.29%
Max Revenue beat(4)0.66%
Revenue beat(8)4
Avg Revenue beat(8)3.71%
Revenue beat(12)7
Avg Revenue beat(12)2.87%
Revenue beat(16)10
Avg Revenue beat(16)2.61%
PT rev (1m)-3.83%
PT rev (3m)-11.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)107.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.85%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.58%
Valuation
Industry RankSector Rank
PE 49.26
Fwd PE 1313.73
P/S 3.77
P/FCF N/A
P/OCF 10.46
P/B 1.74
P/tB 1.94
EV/EBITDA 12.59
EPS(TTM)0.34
EY2.03%
EPS(NY)0.01
Fwd EY0.08%
FCF(TTM)-1.18
FCFYN/A
OCF(TTM)1.6
OCFY9.56%
SpS4.44
BVpS9.62
TBVpS8.64
PEG (NY)0.28
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.06%
ROE 0.19%
ROCE 2.56%
ROIC 2.02%
ROICexc 2.05%
ROICexgc 2.23%
OM 17.95%
PM (TTM) 0.42%
GM 68.9%
FCFM N/A
ROA(3y)-1.14%
ROA(5y)-2.01%
ROE(3y)-3.05%
ROE(5y)-5.57%
ROIC(3y)1.06%
ROIC(5y)0.8%
ROICexc(3y)1.07%
ROICexc(5y)0.81%
ROICexgc(3y)1.17%
ROICexgc(5y)0.89%
ROCE(3y)1.34%
ROCE(5y)1.02%
ROICexcg growth 3Y55.08%
ROICexcg growth 5YN/A
ROICexc growth 3Y56.14%
ROICexc growth 5YN/A
OM growth 3Y49.06%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.75%
GM growth 5Y1.23%
F-Score9
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 1.89
Debt/FCF N/A
Debt/EBITDA 6.66
Cap/Depr 144.08%
Cap/Sales 62.56%
Interest Coverage 0.97
Cash Conversion 58.74%
Profit Quality N/A
Current Ratio 2.65
Quick Ratio 0.26
Altman-Z 0.57
F-Score9
WACC5.94%
ROIC/WACC0.34
Cap/Depr(3y)271.79%
Cap/Depr(5y)359.8%
Cap/Sales(3y)137.58%
Cap/Sales(5y)181.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)187.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
EPS Next Y176.5%
EPS Next 2Y46.95%
EPS Next 3Y43.18%
EPS Next 5Y48.52%
Revenue 1Y (TTM)2.63%
Revenue growth 3Y22.06%
Revenue growth 5Y32.36%
Sales Q2Q%3.41%
Revenue Next Year0.92%
Revenue Next 2Y3.64%
Revenue Next 3Y4.82%
Revenue Next 5Y6.97%
EBIT growth 1Y37.25%
EBIT growth 3Y81.94%
EBIT growth 5YN/A
EBIT Next Year224.34%
EBIT Next 3Y57.53%
EBIT Next 5Y37.01%
FCF growth 1Y84.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.65%
OCF growth 3Y25.17%
OCF growth 5Y40.66%