REGENCY CENTERS CORP (REG)
US7588491032 - REIT
Taking everything into account, REG scores 5 out of 10 in our fundamental rating. REG was compared to 129 industry peers in the Diversified REITs industry. REG scores excellent on profitability, but there are concerns on its financial health. REG is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
REG had positive earnings in the past year.
REG had a positive operating cash flow in the past year.
REG had positive earnings in each of the past 5 years.
In the past 5 years REG always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.14%, REG is doing good in the industry, outperforming 75.59% of the companies in the same industry.
REG has a Return On Equity of 5.76%. This is in the better half of the industry: REG outperforms 73.23% of its industry peers.
REG has a better Return On Invested Capital (3.34%) than 63.78% of its industry peers.
REG had an Average Return On Invested Capital over the past 3 years of 3.43%. This is in line with the industry average of 3.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 5.76% | ||
| ROIC | 3.34% |
ROA(3y)3.56%
ROA(5y)2.65%
ROE(3y)6.34%
ROE(5y)4.72%
ROIC(3y)3.43%
ROIC(5y)3.02%
1.3 Margins
REG has a Profit Margin of 27.07%. This is amongst the best in the industry. REG outperforms 80.31% of its industry peers.
REG's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 34.33%, REG is doing good in the industry, outperforming 72.44% of the companies in the same industry.
REG's Operating Margin has been stable in the last couple of years.
REG has a Gross Margin (70.04%) which is in line with its industry peers.
REG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.33% | ||
| PM (TTM) | 27.07% | ||
| GM | 70.04% |
OM growth 3Y10.09%
OM growth 5Y0.86%
PM growth 3Y83.24%
PM growth 5Y4.11%
GM growth 3Y0.46%
GM growth 5Y-0.72%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so REG is destroying value.
Compared to 1 year ago, REG has more shares outstanding
REG has more shares outstanding than it did 5 years ago.
REG has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.42, we must say that REG is in the distress zone and has some risk of bankruptcy.
REG has a Altman-Z score of 1.42. This is amongst the best in the industry. REG outperforms 87.40% of its industry peers.
The Debt to FCF ratio of REG is 12.80, which is on the high side as it means it would take REG, 12.80 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 12.80, REG belongs to the top of the industry, outperforming 83.46% of the companies in the same industry.
REG has a Debt/Equity ratio of 0.65. This is a neutral value indicating REG is somewhat dependend on debt financing.
The Debt to Equity ratio of REG (0.65) is better than 79.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 12.8 | ||
| Altman-Z | 1.42 |
ROIC/WACC0.44
WACC7.67%
2.3 Liquidity
A Current Ratio of 0.52 indicates that REG may have some problems paying its short term obligations.
REG has a Current ratio of 0.52. This is amonst the worse of the industry: REG underperforms 85.04% of its industry peers.
A Quick Ratio of 0.52 indicates that REG may have some problems paying its short term obligations.
REG has a Quick ratio of 0.52. This is amonst the worse of the industry: REG underperforms 82.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
REG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.47%.
The Earnings Per Share has been growing slightly by 7.02% on average over the past years.
The Revenue has grown by 12.81% in the past year. This is quite good.
The Revenue has been growing slightly by 3.36% on average over the past years.
EPS 1Y (TTM)-0.47%
EPS 3Y99.03%
EPS 5Y7.02%
EPS Q2Q%8%
Revenue 1Y (TTM)12.81%
Revenue growth 3Y9.18%
Revenue growth 5Y3.36%
Sales Q2Q%8.96%
3.2 Future
REG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.64% yearly.
The Revenue is expected to grow by 6.43% on average over the next years.
EPS Next Y3.55%
EPS Next 2Y1.35%
EPS Next 3Y3.34%
EPS Next 5Y5.64%
Revenue Next Year10.51%
Revenue Next 2Y6.9%
Revenue Next 3Y6.43%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 34.85, REG can be considered very expensive at the moment.
62.20% of the companies in the same industry are more expensive than REG, based on the Price/Earnings ratio.
REG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 29.29, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 35.25, REG can be considered very expensive at the moment.
REG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. REG is cheaper than 75.59% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.01, REG is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.85 | ||
| Fwd PE | 35.25 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, REG is valued more expensive than 81.10% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, REG is valued a bit cheaper than the industry average as 60.63% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.26 | ||
| EV/EBITDA | 19.88 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of REG may justify a higher PE ratio.
PEG (NY)9.83
PEG (5Y)4.96
EPS Next 2Y1.35%
EPS Next 3Y3.34%
5. Dividend
5.1 Amount
REG has a Yearly Dividend Yield of 3.79%.
Compared to an average industry Dividend Yield of 7.28, REG is paying slightly less dividend.
REG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.79% |
5.2 History
The dividend of REG has a limited annual growth rate of 3.01%.
REG has paid a dividend for at least 10 years, which is a reliable track record.
REG has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.01%
Div Incr Years10
Div Non Decr Years13
5.3 Sustainability
REG pays out 128.99% of its income as dividend. This is not a sustainable payout ratio.
REG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP128.99%
EPS Next 2Y1.35%
EPS Next 3Y3.34%
REGENCY CENTERS CORP
NASDAQ:REG (11/22/2024, 8:01:37 PM)
After market: 74.24 0 (0%)74.24
-0.22 (-0.3%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap13.48B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.79% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.85 | ||
| Fwd PE | 35.25 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)9.83
PEG (5Y)4.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 5.76% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 34.33% | ||
| PM (TTM) | 27.07% | ||
| GM | 70.04% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-0.47%
EPS 3Y99.03%
EPS 5Y
EPS Q2Q%
EPS Next Y3.55%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.81%
Revenue growth 3Y9.18%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y