PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Fundamental Analysis
NYSE:PLYM - New York Stock Exchange, Inc. - US7296401026 - REIT - Currency: USD
PLYM gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. There are concerns on the financial health of PLYM while its profitability can be described as average. PLYM is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PLYM was profitable.
In the past year PLYM had a positive cash flow from operations.
In multiple years PLYM reported negative net income over the last 5 years.
Of the past 5 years PLYM 4 years had a positive operating cash flow.
1.2 Ratios
PLYM has a Return On Assets (0.06%) which is comparable to the rest of the industry.
The Return On Equity of PLYM (0.19%) is comparable to the rest of the industry.
PLYM has a Return On Invested Capital of 2.02%. This is in the lower half of the industry: PLYM underperforms 68.22% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PLYM is in line with the industry average of 3.15%.
The 3 year average ROIC (1.59%) for PLYM is below the current ROIC(2.02%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.06% | ||
| ROE | 0.19% | ||
| ROIC | 2.02% |
ROA(3y)2.98%
ROA(5y)0.72%
ROE(3y)6.82%
ROE(5y)1.26%
ROIC(3y)1.59%
ROIC(5y)1.17%
1.3 Margins
PLYM has a Profit Margin of 0.42%. This is comparable to the rest of the industry: PLYM outperforms 40.31% of its industry peers.
PLYM has a Operating Margin of 17.95%. This is in the lower half of the industry: PLYM underperforms 62.02% of its industry peers.
In the last couple of years the Operating Margin of PLYM has grown nicely.
With a Gross Margin value of 68.90%, PLYM perfoms like the industry average, outperforming 55.04% of the companies in the same industry.
PLYM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.95% | ||
| PM (TTM) | 0.42% | ||
| GM | 68.9% |
OM growth 3Y39.69%
OM growth 5Y33.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.36%
GM growth 5Y1.52%
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.
Compared to 1 year ago, PLYM has more shares outstanding
The number of shares outstanding for PLYM has been increased compared to 5 years ago.
Compared to 1 year ago, PLYM has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.59, we must say that PLYM is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.59, PLYM perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
PLYM has a Debt/Equity ratio of 1.89. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.89, PLYM is doing worse than 68.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.59 |
ROIC/WACC0.31
WACC6.43%
2.3 Liquidity
PLYM has a Current Ratio of 2.65. This indicates that PLYM is financially healthy and has no problem in meeting its short term obligations.
PLYM has a better Current ratio (2.65) than 85.27% of its industry peers.
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.
The Quick ratio of PLYM (0.26) is worse than 90.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.65 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
PLYM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 850.00%, which is quite impressive.
The Revenue has decreased by -0.75% in the past year.
The Revenue has been growing by 21.38% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)850%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%130%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y12.16%
Revenue growth 5Y21.38%
Sales Q2Q%-6.33%
3.2 Future
The Earnings Per Share is expected to decrease by -5.64% on average over the next years.
Based on estimates for the next years, PLYM will show a small growth in Revenue. The Revenue will grow by 7.35% on average per year.
EPS Next Y-71.53%
EPS Next 2Y-57.75%
EPS Next 3Y-18.37%
EPS Next 5Y-5.64%
Revenue Next Year2.84%
Revenue Next 2Y4.88%
Revenue Next 3Y9.25%
Revenue Next 5Y7.35%
3.3 Evolution
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
PLYM is valuated quite expensively with a Price/Earnings ratio of 28.75.
67.44% of the companies in the same industry are more expensive than PLYM, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.71. PLYM is around the same levels.
With a Price/Forward Earnings ratio of 100.97, PLYM can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PLYM is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of PLYM to the average of the S&P500 Index (22.34), we can say PLYM is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.75 | ||
| Fwd PE | 100.97 |
4.2 Price Multiples
65.12% of the companies in the same industry are more expensive than PLYM, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.82 |
4.3 Compensation for Growth
PLYM's earnings are expected to decrease with -18.37% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-57.75%
EPS Next 3Y-18.37%
5. Dividend
5.1 Amount
PLYM has a Yearly Dividend Yield of 5.55%, which is a nice return.
PLYM's Dividend Yield is comparable with the industry average which is at 19.25.
PLYM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
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
5.3 Sustainability
PLYM pays out 5036.41% of its income as dividend. This is not a sustainable payout ratio.
PLYM's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP5036.41%
EPS Next 2Y-57.75%
EPS Next 3Y-18.37%
17.25
-0.05 (-0.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.39%
Inst Owner Change2.12%
Ins Owners1.24%
Ins Owner Change12.27%
Market Cap782.98M
Analysts75
Price Target20.97 (21.57%)
Short Float %1.73%
Short Ratio2.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
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)-1.7%
PT rev (3m)-12.45%
EPS NQ rev (1m)-7.14%
EPS NQ rev (3m)1200%
EPS NY rev (1m)0%
EPS NY rev (3m)-207.46%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)-1.21%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.75 | ||
| Fwd PE | 100.97 | ||
| P/S | 3.88 | ||
| P/FCF | N/A | ||
| P/OCF | 10.78 | ||
| P/B | 1.79 | ||
| P/tB | 2 | ||
| EV/EBITDA | 12.82 |
EPS(TTM)0.6
EY3.48%
EPS(NY)0.17
Fwd EY0.99%
FCF(TTM)-1.18
FCFYN/A
OCF(TTM)1.6
OCFY9.28%
SpS4.44
BVpS9.62
TBVpS8.64
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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)2.98%
ROA(5y)0.72%
ROE(3y)6.82%
ROE(5y)1.26%
ROIC(3y)1.59%
ROIC(5y)1.17%
ROICexc(3y)1.61%
ROICexc(5y)1.18%
ROICexgc(3y)1.76%
ROICexgc(5y)1.3%
ROCE(3y)2.02%
ROCE(5y)1.48%
ROICexcg growth 3Y52.68%
ROICexcg growth 5Y40.73%
ROICexc growth 3Y52.92%
ROICexc growth 5Y41.6%
OM growth 3Y39.69%
OM growth 5Y33.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.36%
GM growth 5Y1.52%
F-Score8
Asset Turnover0.13
Health
| Industry Rank | Sector 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 | 0.59 |
F-Score8
WACC6.43%
ROIC/WACC0.31
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)850%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%130%
EPS Next Y-71.53%
EPS Next 2Y-57.75%
EPS Next 3Y-18.37%
EPS Next 5Y-5.64%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y12.16%
Revenue growth 5Y21.38%
Sales Q2Q%-6.33%
Revenue Next Year2.84%
Revenue Next 2Y4.88%
Revenue Next 3Y9.25%
Revenue Next 5Y7.35%
EBIT growth 1Y37.25%
EBIT growth 3Y56.66%
EBIT growth 5Y62.4%
EBIT Next Year184.82%
EBIT Next 3Y52.77%
EBIT Next 5Y31.83%
FCF growth 1Y-255.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.2%
OCF growth 3YN/A
OCF growth 5YN/A