REGENCY CENTERS CORP (REG) Stock Fundamental Analysis
USA - NASDAQ:REG - US7588491032 - REIT
71.81 USD
+0.33 (+0.46%)
71.81 USD
0 (0%)
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. 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.
Each year in the past 5 years REG has been profitable.
REG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of REG (3.06%) is better than 74.42% of its industry peers.
REG's Return On Equity of 5.84% is fine compared to the rest of the industry. REG outperforms 70.54% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.62%, REG is in the better half of the industry, outperforming 68.22% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for REG is in line with the industry average of 3.01%.
The last Return On Invested Capital (3.62%) for REG is above the 3 year average (3.42%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 5.84% | ||
| ROIC | 3.62% |
ROA(3y)3.49%
ROA(5y)2.84%
ROE(3y)6.26%
ROE(5y)5.1%
ROIC(3y)3.42%
ROIC(5y)3.16%
1.3 Margins
REG has a Profit Margin of 26.09%. This is in the better half of the industry: REG outperforms 79.07% of its industry peers.
REG's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 36.90%, REG is doing good in the industry, outperforming 76.74% of the companies in the same industry.
REG's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 70.32%, REG is doing good in the industry, outperforming 61.24% 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 | 36.9% | ||
| PM (TTM) | 26.09% | ||
| GM | 70.32% |
OM growth 3Y-3.04%
OM growth 5Y1.59%
PM growth 3Y-4.97%
PM growth 5Y4.71%
GM growth 3Y-0.83%
GM growth 5Y-0.77%
2. Health
2.1 Basic Checks
REG 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, REG has less shares outstanding
REG has more shares outstanding than it did 5 years ago.
REG has a worse debt/assets ratio than last year.
2.2 Solvency
REG has an Altman-Z score of 1.31. 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 1.31 is amongst the best of the industry. REG outperforms 87.60% of its industry peers.
The Debt to FCF ratio of REG is 16.25, which is on the high side as it means it would take REG, 16.25 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of REG (16.25) is better than 81.40% of its industry peers.
A Debt/Equity ratio of 0.72 indicates that REG is somewhat dependend on debt financing.
The Debt to Equity ratio of REG (0.72) is better than 79.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 16.25 | ||
| Altman-Z | 1.31 |
ROIC/WACC0.5
WACC7.28%
2.3 Liquidity
REG has a Current Ratio of 0.68. This is a bad value and indicates that REG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.68, REG is not doing good in the industry: 68.22% of the companies in the same industry are doing better.
REG has a Quick Ratio of 0.68. This is a bad value and indicates that REG is not financially healthy enough and could expect problems in meeting its short term obligations.
REG has a worse Quick ratio (0.66) than 70.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.87% over the past year.
The Earnings Per Share has been growing by 8.19% on average over the past years. This is quite good.
The Revenue has been growing slightly by 5.90% in the past year.
The Revenue has been growing slightly by 5.11% on average over the past years.
EPS 1Y (TTM)2.87%
EPS 3Y0.16%
EPS 5Y8.19%
EPS Q2Q%5.56%
Revenue 1Y (TTM)5.9%
Revenue growth 3Y7.63%
Revenue growth 5Y5.11%
Sales Q2Q%6.61%
3.2 Future
REG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.00% yearly.
The Revenue is expected to grow by 4.32% on average over the next years.
EPS Next Y8.28%
EPS Next 2Y7.39%
EPS Next 3Y7.36%
EPS Next 5Y9%
Revenue Next Year7.85%
Revenue Next 2Y5.93%
Revenue Next 3Y5.83%
Revenue Next 5Y4.32%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 33.40, which means the current valuation is very expensive for REG.
Based on the Price/Earnings ratio, REG is valued a bit cheaper than 61.24% of the companies in the same industry.
When comparing the Price/Earnings ratio of REG to the average of the S&P500 Index (27.50), we can say REG is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 29.37, the valuation of REG can be described as expensive.
78.29% 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 valuation a bit more expensive than the S&P500 average which is at 22.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.4 | ||
| Fwd PE | 29.37 |
4.2 Price Multiples
83.72% of the companies in the same industry are cheaper than REG, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, REG is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.14 | ||
| EV/EBITDA | 18.73 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
REG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.04
PEG (5Y)4.08
EPS Next 2Y7.39%
EPS Next 3Y7.36%
5. Dividend
5.1 Amount
REG has a Yearly Dividend Yield of 3.95%.
Compared to an average industry Dividend Yield of 7.01, REG is paying slightly less dividend.
REG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.95% |
5.2 History
The dividend of REG has a limited annual growth rate of 3.44%.
REG has been paying a dividend for at least 10 years, so it has a reliable track record.
REG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.44%
Div Incr Years11
Div Non Decr Years14
5.3 Sustainability
131.40% 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.
DP131.4%
EPS Next 2Y7.39%
EPS Next 3Y7.36%
71.81
+0.33 (+0.46%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners104.37%
Inst Owner Change-0.01%
Ins Owners0.73%
Ins Owner Change0.39%
Market Cap13.04B
Analysts77.6
Price Target80.98 (12.77%)
Short Float %3.03%
Short Ratio4.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.95% |
Yearly Dividend2.76
Dividend Growth(5Y)3.44%
DP131.4%
Div Incr Years11
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.86%
Min EPS beat(2)2.8%
Max EPS beat(2)2.91%
EPS beat(4)3
Avg EPS beat(4)4.11%
Min EPS beat(4)-5.51%
Max EPS beat(4)16.23%
EPS beat(8)6
Avg EPS beat(8)6.42%
EPS beat(12)10
Avg EPS beat(12)7.94%
EPS beat(16)13
Avg EPS beat(16)19.09%
Revenue beat(2)2
Avg Revenue beat(2)1.5%
Min Revenue beat(2)1.4%
Max Revenue beat(2)1.59%
Revenue beat(4)4
Avg Revenue beat(4)2.72%
Min Revenue beat(4)0.55%
Max Revenue beat(4)7.33%
Revenue beat(8)8
Avg Revenue beat(8)2.16%
Revenue beat(12)12
Avg Revenue beat(12)2.18%
Revenue beat(16)16
Avg Revenue beat(16)2.97%
PT rev (1m)-0.07%
PT rev (3m)0.72%
EPS NQ rev (1m)0.82%
EPS NQ rev (3m)-0.71%
EPS NY rev (1m)0.12%
EPS NY rev (3m)0.16%
Revenue NQ rev (1m)0.37%
Revenue NQ rev (3m)1.11%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.4 | ||
| Fwd PE | 29.37 | ||
| P/S | 8.72 | ||
| P/FCF | 44.14 | ||
| P/OCF | 15.82 | ||
| P/B | 1.95 | ||
| P/tB | 2.07 | ||
| EV/EBITDA | 18.73 |
EPS(TTM)2.15
EY2.99%
EPS(NY)2.45
Fwd EY3.4%
FCF(TTM)1.63
FCFY2.27%
OCF(TTM)4.54
OCFY6.32%
SpS8.23
BVpS36.78
TBVpS34.66
PEG (NY)4.04
PEG (5Y)4.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 5.84% | ||
| ROCE | 4.59% | ||
| ROIC | 3.62% | ||
| ROICexc | 3.67% | ||
| ROICexgc | 3.8% | ||
| OM | 36.9% | ||
| PM (TTM) | 26.09% | ||
| GM | 70.32% | ||
| FCFM | 19.76% |
ROA(3y)3.49%
ROA(5y)2.84%
ROE(3y)6.26%
ROE(5y)5.1%
ROIC(3y)3.42%
ROIC(5y)3.16%
ROICexc(3y)3.44%
ROICexc(5y)3.2%
ROICexgc(3y)3.58%
ROICexgc(5y)3.32%
ROCE(3y)4.33%
ROCE(5y)4.01%
ROICexcg growth 3Y-0.47%
ROICexcg growth 5Y4.33%
ROICexc growth 3Y-0.39%
ROICexc growth 5Y4.71%
OM growth 3Y-3.04%
OM growth 5Y1.59%
PM growth 3Y-4.97%
PM growth 5Y4.71%
GM growth 3Y-0.83%
GM growth 5Y-0.77%
F-Score7
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 16.25 | ||
| Debt/EBITDA | 5.08 | ||
| Cap/Depr | 134.71% | ||
| Cap/Sales | 35.37% | ||
| Interest Coverage | 3.17 | ||
| Cash Conversion | 87.29% | ||
| Profit Quality | 75.76% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 1.31 |
F-Score7
WACC7.28%
ROIC/WACC0.5
Cap/Depr(3y)105.74%
Cap/Depr(5y)116.95%
Cap/Sales(3y)28.13%
Cap/Sales(5y)31.96%
Profit Quality(3y)88.31%
Profit Quality(5y)168.01%
High Growth Momentum
Growth
EPS 1Y (TTM)2.87%
EPS 3Y0.16%
EPS 5Y8.19%
EPS Q2Q%5.56%
EPS Next Y8.28%
EPS Next 2Y7.39%
EPS Next 3Y7.36%
EPS Next 5Y9%
Revenue 1Y (TTM)5.9%
Revenue growth 3Y7.63%
Revenue growth 5Y5.11%
Sales Q2Q%6.61%
Revenue Next Year7.85%
Revenue Next 2Y5.93%
Revenue Next 3Y5.83%
Revenue Next 5Y4.32%
EBIT growth 1Y12.64%
EBIT growth 3Y4.35%
EBIT growth 5Y6.79%
EBIT Next Year84.9%
EBIT Next 3Y26.32%
EBIT Next 5Y16.99%
FCF growth 1Y-27.78%
FCF growth 3Y75.84%
FCF growth 5Y22.26%
OCF growth 1Y24.34%
OCF growth 3Y6.22%
OCF growth 5Y4.93%