REGENCY CENTERS CORP (REG)
US7588491032 - REIT
REG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. While REG has a great profitability rating, there are quite some concerns on its financial health. While showing a medium growth rate, REG is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year REG was profitable.
In the past year REG had a positive cash flow from operations.
In the past 5 years REG has always been profitable.
Each year in the past 5 years REG had a positive operating cash flow.
1.2 Ratios
REG has a better Return On Assets (3.08%) than 76.98% of its industry peers.
With a decent Return On Equity value of 5.61%, REG is doing good in the industry, outperforming 71.43% of the companies in the same industry.
The Return On Invested Capital of REG (3.30%) is better than 63.49% 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 3.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.08% | ||
| ROE | 5.61% | ||
| ROIC | 3.3% |
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
Looking at the Profit Margin, with a value of 27.00%, REG belongs to the top of the industry, outperforming 80.16% of the companies in the same industry.
REG's Profit Margin has improved in the last couple of years.
REG has a Operating Margin of 34.69%. This is in the better half of the industry: REG outperforms 73.81% of its industry peers.
In the last couple of years the Operating Margin of REG has remained more or less at the same level.
With a Gross Margin value of 69.89%, REG perfoms like the industry average, outperforming 57.94% of the companies in the same industry.
REG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.69% | ||
| PM (TTM) | 27% | ||
| GM | 69.89% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), REG is destroying value.
Compared to 1 year ago, REG has more shares outstanding
Compared to 5 years ago, REG has more shares outstanding
REG has a better debt/assets ratio than last year.
2.2 Solvency
REG has an Altman-Z score of 1.45. This is a bad value and indicates that REG is not financially healthy and even has some risk of bankruptcy.
REG's Altman-Z score of 1.45 is amongst the best of the industry. REG outperforms 87.30% of its industry peers.
REG has a debt to FCF ratio of 11.72. This is a negative value and a sign of low solvency as REG would need 11.72 years to pay back of all of its debts.
The Debt to FCF ratio of REG (11.72) is better than 82.54% of its industry peers.
REG has a Debt/Equity ratio of 0.64. This is a neutral value indicating REG is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.64, REG is doing good in the industry, outperforming 79.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 11.72 | ||
| Altman-Z | 1.45 |
ROIC/WACC0.46
WACC7.14%
2.3 Liquidity
A Current Ratio of 0.49 indicates that REG may have some problems paying its short term obligations.
REG's Current ratio of 0.49 is on the low side compared to the rest of the industry. REG is outperformed by 86.51% of its industry peers.
REG has a Quick Ratio of 0.49. This is a bad value and indicates that REG is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.49, REG is doing worse than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
REG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.79%.
Measured over the past 5 years, REG shows a small growth in Earnings Per Share. The EPS has been growing by 7.02% on average per year.
REG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.84%.
REG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.36% yearly.
EPS 1Y (TTM)-2.79%
EPS 3Y99.03%
EPS 5Y7.02%
EPS Q2Q%5.88%
Revenue 1Y (TTM)12.84%
Revenue growth 3Y9.18%
Revenue growth 5Y3.36%
Sales Q2Q%13.68%
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 6.56% on average over the next years.
EPS Next Y-0.3%
EPS Next 2Y1.47%
EPS Next 3Y3.13%
EPS Next 5Y5.64%
Revenue Next Year9.98%
Revenue Next 2Y6.76%
Revenue Next 3Y6.56%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
REG is valuated quite expensively with a Price/Earnings ratio of 34.75.
REG's Price/Earnings ratio is a bit cheaper when compared to the industry. REG is cheaper than 61.90% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.62, REG is valued at the same level.
Based on the Price/Forward Earnings ratio of 34.40, the valuation of REG can be described as expensive.
73.81% of the companies in the same industry are more expensive than REG, based on the Price/Forward Earnings ratio.
REG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.75 | ||
| Fwd PE | 34.4 |
4.2 Price Multiples
REG's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. REG is more expensive than 81.75% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of REG indicates a somewhat cheap valuation: REG is cheaper than 65.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.03 | ||
| EV/EBITDA | 20.39 |
4.3 Compensation for Growth
The decent profitability rating of REG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)4.95
EPS Next 2Y1.47%
EPS Next 3Y3.13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.74%, REG has a reasonable but not impressive dividend return.
REG's Dividend Yield is slightly below the industry average, which is at 5.57.
Compared to an average S&P500 Dividend Yield of 2.24, REG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
5.2 History
The dividend of REG has a limited annual growth rate of 3.01%.
REG has been paying a dividend for at least 10 years, so it has 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
128.11% of the earnings are spent on dividend by REG. This is not a sustainable payout ratio.
The dividend of REG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP128.11%
EPS Next 2Y1.47%
EPS Next 3Y3.13%
REGENCY CENTERS CORP
NASDAQ:REG (9/6/2024, 8:00:02 PM)
After market: 72.62 0 (0%)72.62
-0.68 (-0.93%)
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 Cap13.42B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
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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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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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 34.75 | ||
| Fwd PE | 34.4 | ||
| 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)N/A
PEG (5Y)4.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.08% | ||
| ROE | 5.61% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 34.69% | ||
| PM (TTM) | 27% | ||
| GM | 69.89% | ||
| 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 Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 | ||
| 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)-2.79%
EPS 3Y99.03%
EPS 5Y
EPS Q2Q%
EPS Next Y-0.3%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.84%
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