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REGENCY CENTERS CORP - REG 5 7/8 PERP (REGCO) Stock Fundamental Analysis

NASDAQ:REGCO - Nasdaq - US7588498714

22.32  -0.48 (-2.11%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to REGCO. REGCO was compared to 129 industry peers in the Diversified REITs industry. REGCO has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on REGCO.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

REGCO had positive earnings in the past year.
In the past year REGCO had a positive cash flow from operations.
In the past 5 years REGCO has always been profitable.
In the past 5 years REGCO always reported a positive cash flow from operatings.
REGCO Yearly Net Income VS EBIT VS OCF VS FCFREGCO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M

1.2 Ratios

REGCO has a better Return On Assets (3.14%) than 77.78% of its industry peers.
With a decent Return On Equity value of 5.76%, REGCO is doing good in the industry, outperforming 74.60% of the companies in the same industry.
REGCO's Return On Invested Capital of 3.34% is fine compared to the rest of the industry. REGCO outperforms 65.87% of its industry peers.
The Average Return On Invested Capital over the past 3 years for REGCO is in line with the industry average of 3.11%.
Industry RankSector 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%
REGCO Yearly ROA, ROE, ROICREGCO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6

1.3 Margins

The Profit Margin of REGCO (27.07%) is better than 81.75% of its industry peers.
In the last couple of years the Profit Margin of REGCO has grown nicely.
REGCO's Operating Margin of 34.33% is fine compared to the rest of the industry. REGCO outperforms 73.81% of its industry peers.
In the last couple of years the Operating Margin of REGCO has remained more or less at the same level.
REGCO's Gross Margin of 70.04% is fine compared to the rest of the industry. REGCO outperforms 60.32% of its industry peers.
REGCO's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
REGCO Yearly Profit, Operating, Gross MarginsREGCO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), REGCO is destroying value.
Compared to 1 year ago, REGCO has more shares outstanding
Compared to 5 years ago, REGCO has more shares outstanding
REGCO has a better debt/assets ratio than last year.
REGCO Yearly Shares OutstandingREGCO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
REGCO Yearly Total Debt VS Total AssetsREGCO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 0.43, we must say that REGCO is in the distress zone and has some risk of bankruptcy.
REGCO's Altman-Z score of 0.43 is on the low side compared to the rest of the industry. REGCO is outperformed by 61.11% of its industry peers.
REGCO has a debt to FCF ratio of 12.80. This is a negative value and a sign of low solvency as REGCO would need 12.80 years to pay back of all of its debts.
REGCO has a better Debt to FCF ratio (12.80) than 85.71% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that REGCO is somewhat dependend on debt financing.
The Debt to Equity ratio of REGCO (0.65) is better than 80.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 12.8
Altman-Z 0.43
ROIC/WACC0.54
WACC6.15%
REGCO Yearly LT Debt VS Equity VS FCFREGCO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B

2.3 Liquidity

REGCO has a Current Ratio of 0.52. This is a bad value and indicates that REGCO is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.52, REGCO is not doing good in the industry: 84.92% of the companies in the same industry are doing better.
A Quick Ratio of 0.52 indicates that REGCO may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.52, REGCO is doing worse than 81.75% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.52
Quick Ratio 0.52
REGCO Yearly Current Assets VS Current LiabilitesREGCO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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4

3. Growth

3.1 Past

The earnings per share for REGCO have decreased by -0.47% in the last year.
The Earnings Per Share has been growing slightly by 7.02% on average over the past years.
Looking at the last year, REGCO shows a quite strong growth in Revenue. The Revenue has grown by 12.81% in the last year.
Measured over the past years, REGCO shows a small growth in Revenue. The Revenue has been growing by 3.36% on average per year.
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

The Earnings Per Share is expected to grow by 6.03% on average over the next years.
REGCO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.30% yearly.
EPS Next Y4.02%
EPS Next 2Y1.61%
EPS Next 3Y3.27%
EPS Next 5Y6.03%
Revenue Next Year9.98%
Revenue Next 2Y6.83%
Revenue Next 3Y6.3%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
REGCO Yearly Revenue VS EstimatesREGCO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B
REGCO Yearly EPS VS EstimatesREGCO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1 2 3

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7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 10.48, the valuation of REGCO can be described as very reasonable.
Based on the Price/Earnings ratio, REGCO is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
REGCO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.29.
Based on the Price/Forward Earnings ratio of 10.55, the valuation of REGCO can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of REGCO indicates a rather cheap valuation: REGCO is cheaper than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, REGCO is valued rather cheaply.
Industry RankSector Rank
PE 10.48
Fwd PE 10.55
REGCO Price Earnings VS Forward Price EarningsREGCO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of REGCO indicates a rather cheap valuation: REGCO is cheaper than 87.30% of the companies listed in the same industry.
88.10% of the companies in the same industry are more expensive than REGCO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.8
EV/EBITDA 9.33
REGCO Per share dataREGCO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates REGCO does not grow enough to justify the current Price/Earnings ratio.
REGCO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.61
PEG (5Y)1.49
EPS Next 2Y1.61%
EPS Next 3Y3.27%

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3

5. Dividend

5.1 Amount

REGCO has a Yearly Dividend Yield of 3.94%. Purely for dividend investing, there may be better candidates out there.
REGCO's Dividend Yield is slightly below the industry average, which is at 18.51.
REGCO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 3.94%

5.2 History

The dividend of REGCO has a limited annual growth rate of 3.01%.
REGCO has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)3.01%
Div Incr Years1
Div Non Decr Years1
REGCO Yearly Dividends per shareREGCO Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.5 1

5.3 Sustainability

128.99% of the earnings are spent on dividend by REGCO. This is not a sustainable payout ratio.
The dividend of REGCO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP128.99%
EPS Next 2Y1.61%
EPS Next 3Y3.27%
REGCO Yearly Income VS Free CF VS DividendREGCO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M
REGCO Dividend Payout.REGCO Dividend Payout, showing the Payout Ratio.REGCO Dividend Payout.PayoutRetained Earnings

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REGENCY CENTERS CORP - REG 5 7/8 PERP

NASDAQ:REGCO (1/21/2025, 8:23:34 PM)

22.32

-0.48 (-2.11%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-28 2024-10-28/amc
Earnings (Next)02-06 2025-02-06/amc
Inst Owners98.88%
Inst Owner ChangeN/A
Ins Owners0.74%
Ins Owner ChangeN/A
Market Cap4.05B
Analysts80
Price Target24.43 (9.45%)
Short Float %0.01%
Short Ratio2.49
Dividend
Industry RankSector Rank
Dividend Yield 3.94%
Yearly Dividend2.57
Dividend Growth(5Y)3.01%
DP128.99%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-16 2025-01-16 (0.3672)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.46%
Min EPS beat(2)16.23%
Max EPS beat(2)16.69%
EPS beat(4)3
Avg EPS beat(4)11.66%
Min EPS beat(4)-7.44%
Max EPS beat(4)21.15%
EPS beat(8)7
Avg EPS beat(8)10.61%
EPS beat(12)10
Avg EPS beat(12)22.74%
EPS beat(16)14
Avg EPS beat(16)37.7%
Revenue beat(2)2
Avg Revenue beat(2)0.4%
Min Revenue beat(2)0.25%
Max Revenue beat(2)0.55%
Revenue beat(4)4
Avg Revenue beat(4)1.25%
Min Revenue beat(4)0.25%
Max Revenue beat(4)3.32%
Revenue beat(8)8
Avg Revenue beat(8)1.61%
Revenue beat(12)12
Avg Revenue beat(12)2.29%
Revenue beat(16)16
Avg Revenue beat(16)3.65%
PT rev (1m)-0.03%
PT rev (3m)-5.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.36%
EPS NY rev (1m)0%
EPS NY rev (3m)4.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)0.55%
Valuation
Industry RankSector Rank
PE 10.48
Fwd PE 10.55
P/S 2.81
P/FCF 11.8
P/OCF 5.26
P/B 0.6
P/tB 0.64
EV/EBITDA 9.33
EPS(TTM)2.13
EY9.54%
EPS(NY)2.12
Fwd EY9.48%
FCF(TTM)1.89
FCFY8.47%
OCF(TTM)4.25
OCFY19.02%
SpS7.94
BVpS37.28
TBVpS35.03
PEG (NY)2.61
PEG (5Y)1.49
Profitability
Industry RankSector Rank
ROA 3.14%
ROE 5.76%
ROCE 4.22%
ROIC 3.34%
ROICexc 3.37%
ROICexgc 3.5%
OM 34.33%
PM (TTM) 27.07%
GM 70.04%
FCFM 23.82%
ROA(3y)3.56%
ROA(5y)2.65%
ROE(3y)6.34%
ROE(5y)4.72%
ROIC(3y)3.43%
ROIC(5y)3.02%
ROICexc(3y)3.46%
ROICexc(5y)3.06%
ROICexgc(3y)3.59%
ROICexgc(5y)3.19%
ROCE(3y)4.34%
ROCE(5y)3.82%
ROICexcg growth 3Y14.3%
ROICexcg growth 5Y1.73%
ROICexc growth 3Y14.16%
ROICexc growth 5Y2.33%
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%
F-Score7
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 12.8
Debt/EBITDA 4.92
Cap/Depr 107.3%
Cap/Sales 29.67%
Interest Coverage 2.95
Cash Conversion 86.29%
Profit Quality 88%
Current Ratio 0.52
Quick Ratio 0.52
Altman-Z 0.43
F-Score7
WACC6.15%
ROIC/WACC0.54
Cap/Depr(3y)134.6%
Cap/Depr(5y)121.32%
Cap/Sales(3y)35.23%
Cap/Sales(5y)34.68%
Profit Quality(3y)63.38%
Profit Quality(5y)160.4%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.47%
EPS 3Y99.03%
EPS 5Y7.02%
EPS Q2Q%8%
EPS Next Y4.02%
EPS Next 2Y1.61%
EPS Next 3Y3.27%
EPS Next 5Y6.03%
Revenue 1Y (TTM)12.81%
Revenue growth 3Y9.18%
Revenue growth 5Y3.36%
Sales Q2Q%8.96%
Revenue Next Year9.98%
Revenue Next 2Y6.83%
Revenue Next 3Y6.3%
Revenue Next 5YN/A
EBIT growth 1Y5.77%
EBIT growth 3Y20.2%
EBIT growth 5Y4.25%
EBIT Next Year89.43%
EBIT Next 3Y26.79%
EBIT Next 5Y17.85%
FCF growth 1Y3868.92%
FCF growth 3Y19.65%
FCF growth 5Y13.78%
OCF growth 1Y13.48%
OCF growth 3Y12.97%
OCF growth 5Y3.35%