PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Fundamental Analysis
NYSE:PLYM - New York Stock Exchange, Inc. - US7296401026 - REIT - Currency: USD
Overall PLYM gets a fundamental rating of 4 out of 10. We evaluated PLYM against 130 industry peers in the Diversified REITs industry. PLYM has a medium profitability rating, but doesn't score so well on its financial health evaluation. PLYM has a decent growth rate and is not valued too expensively.
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.
In multiple years PLYM reported negative net income over the last 5 years.
PLYM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of PLYM (9.78%) is better than 99.23% of its industry peers.
PLYM has a Return On Equity of 24.08%. This is amongst the best in the industry. PLYM outperforms 96.15% of its industry peers.
With a Return On Invested Capital value of 2.12%, PLYM is not doing good in the industry: 63.08% of the companies in the same industry are doing better.
PLYM had an Average Return On Invested Capital over the past 3 years of 1.59%. This is in line with the industry average of 3.16%.
The last Return On Invested Capital (2.12%) for PLYM is above the 3 year average (1.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 24.08% | ||
| ROIC | 2.12% |
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
Looking at the Profit Margin, with a value of 70.99%, PLYM belongs to the top of the industry, outperforming 99.23% of the companies in the same industry.
PLYM has a Operating Margin (18.42%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of PLYM has grown nicely.
The Gross Margin of PLYM (69.16%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of PLYM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.42% | ||
| PM (TTM) | 70.99% | ||
| GM | 69.16% |
OM growth 3Y39.69%
OM growth 5Y33.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.37%
GM growth 5Y1.53%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PLYM is destroying value.
PLYM has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, PLYM has more shares outstanding
PLYM has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.65, we must say that PLYM is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.65, PLYM is in line with its industry, outperforming 59.23% of the companies in the same industry.
PLYM has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
PLYM has a Debt to Equity ratio (1.24) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.65 |
ROIC/WACC0.3
WACC7.04%
2.3 Liquidity
A Current Ratio of 0.24 indicates that PLYM may have some problems paying its short term obligations.
PLYM has a worse Current ratio (0.24) than 88.46% of its industry peers.
PLYM has a Quick Ratio of 0.24. 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's Quick ratio of 0.24 is on the low side compared to the rest of the industry. PLYM is outperformed by 87.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
PLYM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1518.75%, which is quite impressive.
The Revenue has decreased by -3.48% 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)1518.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-228.57%
Revenue 1Y (TTM)-3.48%
Revenue growth 3Y12.16%
Revenue growth 5Y21.38%
Sales Q2Q%-9.2%
3.2 Future
PLYM is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.82% yearly.
PLYM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.53% yearly.
EPS Next Y-116.82%
EPS Next 2Y-48.95%
EPS Next 3Y-29.15%
EPS Next 5Y-17.82%
Revenue Next Year-4.02%
Revenue Next 2Y2.81%
Revenue Next 3Y4.96%
Revenue Next 5Y5.53%
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
Based on the Price/Earnings ratio of 6.08, the valuation of PLYM can be described as very cheap.
Based on the Price/Earnings ratio, PLYM is valued cheaply inside the industry as 96.92% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.30, PLYM is valued rather cheaply.
PLYM is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.08 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PLYM is valued a bit cheaper than 70.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.93 |
4.3 Compensation for Growth
PLYM has a very decent profitability rating, which may justify a higher PE ratio.
PLYM's earnings are expected to decrease with -29.15% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-48.95%
EPS Next 3Y-29.15%
5. Dividend
5.1 Amount
PLYM has a Yearly Dividend Yield of 5.96%, which is a nice return.
PLYM's Dividend Yield is comparable with the industry average which is at 6.44.
PLYM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.96% |
5.2 History
The dividend of PLYM decreases each year by -14.54%.
PLYM has been paying a dividend for over 5 years, so it has already some track record.
PLYM has decreased its dividend recently.
Dividend Growth(5Y)-14.54%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
32.65% of the earnings are spent on dividend by PLYM. This is a low number and sustainable payout ratio.
The Dividend Rate of PLYM has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP32.65%
EPS Next 2Y-48.95%
EPS Next 3Y-29.15%
15.75
-0.09 (-0.57%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.91%
Inst Owner Change-0.02%
Ins Owners1.43%
Ins Owner Change16.33%
Market Cap717.41M
Analysts75
Price Target18.76 (19.11%)
Short Float %5.3%
Short Ratio5.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.96% |
Yearly Dividend0.96
Dividend Growth(5Y)-14.54%
DP32.65%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3957.39%
Min EPS beat(2)-341.18%
Max EPS beat(2)8255.96%
EPS beat(4)2
Avg EPS beat(4)1777.94%
Min EPS beat(4)-983.24%
Max EPS beat(4)8255.96%
EPS beat(8)5
Avg EPS beat(8)1020.33%
EPS beat(12)8
Avg EPS beat(12)682.47%
EPS beat(16)8
Avg EPS beat(16)502.79%
Revenue beat(2)0
Avg Revenue beat(2)-7.33%
Min Revenue beat(2)-8.34%
Max Revenue beat(2)-6.31%
Revenue beat(4)1
Avg Revenue beat(4)-5.07%
Min Revenue beat(4)-8.34%
Max Revenue beat(4)0.66%
Revenue beat(8)3
Avg Revenue beat(8)0.79%
Revenue beat(12)5
Avg Revenue beat(12)1.28%
Revenue beat(16)8
Avg Revenue beat(16)1.3%
PT rev (1m)0%
PT rev (3m)-6.76%
EPS NQ rev (1m)-5.89%
EPS NQ rev (3m)-5.89%
EPS NY rev (1m)22.16%
EPS NY rev (3m)-71.43%
Revenue NQ rev (1m)-2.82%
Revenue NQ rev (3m)-5.2%
Revenue NY rev (1m)-0.54%
Revenue NY rev (3m)-2.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.08 | ||
| Fwd PE | N/A | ||
| P/S | 3.7 | ||
| P/FCF | N/A | ||
| P/OCF | 7.55 | ||
| P/B | 1.26 | ||
| P/tB | 1.36 | ||
| EV/EBITDA | 11.93 |
EPS(TTM)2.59
EY16.44%
EPS(NY)-0.64
Fwd EYN/A
FCF(TTM)-2.58
FCFYN/A
OCF(TTM)2.09
OCFY13.25%
SpS4.25
BVpS12.54
TBVpS11.55
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 24.08% | ||
| ROCE | 2.69% | ||
| ROIC | 2.12% | ||
| ROICexc | 2.15% | ||
| ROICexgc | 2.33% | ||
| OM | 18.42% | ||
| PM (TTM) | 70.99% | ||
| GM | 69.16% | ||
| 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)1.29%
ROCE(3y)2.02%
ROCE(5y)1.48%
ROICexcg growth 3Y52.48%
ROICexcg growth 5Y40.61%
ROICexc growth 3Y52.9%
ROICexc growth 5Y41.59%
OM growth 3Y39.69%
OM growth 5Y33.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.37%
GM growth 5Y1.53%
F-Score6
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6 | ||
| Cap/Depr | 256.88% | ||
| Cap/Sales | 109.69% | ||
| Interest Coverage | 1.04 | ||
| Cash Conversion | 80.3% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 0.65 |
F-Score6
WACC7.04%
ROIC/WACC0.3
Cap/Depr(3y)157.68%
Cap/Depr(5y)286.66%
Cap/Sales(3y)76.26%
Cap/Sales(5y)143.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1518.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-228.57%
EPS Next Y-116.82%
EPS Next 2Y-48.95%
EPS Next 3Y-29.15%
EPS Next 5Y-17.82%
Revenue 1Y (TTM)-3.48%
Revenue growth 3Y12.16%
Revenue growth 5Y21.38%
Sales Q2Q%-9.2%
Revenue Next Year-4.02%
Revenue Next 2Y2.81%
Revenue Next 3Y4.96%
Revenue Next 5Y5.53%
EBIT growth 1Y14.49%
EBIT growth 3Y56.66%
EBIT growth 5Y62.4%
EBIT Next Year158.07%
EBIT Next 3Y49.06%
EBIT Next 5Y30.16%
FCF growth 1Y-146.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y24.21%
OCF growth 3Y18.36%
OCF growth 5Y28.22%