SITE CENTERS CORP (SITC) Stock Fundamental Analysis
NYSE:SITC - New York Stock Exchange, Inc. - US82981J8514 - REIT - Currency: USD
SITC gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. SITC scores excellent on profitability, but there are some minor concerns on its financial health. SITC is not valued too expensively and it also shows a decent growth rate. SITC also has an excellent dividend rating. With these ratings, SITC could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
In the past year SITC was profitable.
In the past year SITC had a positive cash flow from operations.
SITC had positive earnings in each of the past 5 years.
In the past 5 years SITC always reported a positive cash flow from operatings.
1.2 Ratios
SITC's Return On Assets of 22.20% is amongst the best of the industry. SITC outperforms 100.00% of its industry peers.
The Return On Equity of SITC (26.17%) is better than 97.62% of its industry peers.
The Return On Invested Capital of SITC (3.37%) is better than 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SITC is in line with the industry average of 3.11%.
The 3 year average ROIC (2.71%) for SITC is below the current ROIC(3.37%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.2% | ||
| ROE | 26.17% | ||
| ROIC | 3.37% |
ROA(3y)4.27%
ROA(5y)2.93%
ROE(3y)8.13%
ROE(5y)5.64%
ROIC(3y)2.71%
ROIC(5y)2.63%
1.3 Margins
With an excellent Profit Margin value of 120.66%, SITC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of SITC has grown nicely.
SITC's Operating Margin of 21.89% is in line compared to the rest of the industry. SITC outperforms 50.79% of its industry peers.
SITC's Operating Margin has declined in the last couple of years.
SITC has a Gross Margin of 69.31%. This is comparable to the rest of the industry: SITC outperforms 55.56% of its industry peers.
In the last couple of years the Gross Margin of SITC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.89% | ||
| PM (TTM) | 120.66% | ||
| GM | 69.31% |
OM growth 3Y0.16%
OM growth 5Y-4.48%
PM growth 3Y142.53%
PM growth 5Y32.73%
GM growth 3Y-0.13%
GM growth 5Y-0.26%
2. Health
2.1 Basic Checks
SITC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SITC has less shares outstanding than it did 1 year ago.
SITC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for SITC has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.10, we must say that SITC is in the distress zone and has some risk of bankruptcy.
SITC's Altman-Z score of 0.10 is on the low side compared to the rest of the industry. SITC is outperformed by 78.57% of its industry peers.
SITC has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SITC (0.11) is better than 99.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.1 |
ROIC/WACC0.51
WACC6.58%
2.3 Liquidity
SITC has a Current Ratio of 6.32. This indicates that SITC is financially healthy and has no problem in meeting its short term obligations.
SITC's Current ratio of 6.32 is amongst the best of the industry. SITC outperforms 96.83% of its industry peers.
SITC has a Quick Ratio of 6.32. This indicates that SITC is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 6.32, SITC belongs to the best of the industry, outperforming 96.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.32 | ||
| Quick Ratio | 6.32 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 733.54% over the past year.
Measured over the past years, SITC shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.99% on average per year.
Looking at the last year, SITC shows a small growth in Revenue. The Revenue has grown by 2.71% in the last year.
SITC shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.04% yearly.
EPS 1Y (TTM)733.54%
EPS 3Y147.3%
EPS 5Y22.99%
EPS Q2Q%589.77%
Revenue 1Y (TTM)2.71%
Revenue growth 3Y5.87%
Revenue growth 5Y-5.04%
Sales Q2Q%-36.57%
3.2 Future
SITC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -63.68% yearly.
The Revenue is expected to grow by 5.39% on average over the next years.
EPS Next Y30.73%
EPS Next 2Y-48.28%
EPS Next 3Y-32.29%
EPS Next 5Y-63.68%
Revenue Next Year-28.87%
Revenue Next 2Y-35.84%
Revenue Next 3Y-31.06%
Revenue Next 5Y5.39%
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 decreasing.
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 1.07, the valuation of SITC can be described as very cheap.
100.00% of the companies in the same industry are more expensive than SITC, based on the Price/Earnings ratio.
SITC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.63.
SITC is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.07 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SITC is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 0.03 |
4.3 Compensation for Growth
SITC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SITC has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as SITC's earnings are expected to decrease with -32.29% in the coming years.
PEG (NY)0.03
PEG (5Y)0.05
EPS Next 2Y-48.28%
EPS Next 3Y-32.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 14.13%, SITC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 18.48, SITC pays a better dividend. On top of this SITC pays more dividend than 96.83% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.29, SITC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.13% |
5.2 History
The dividend of SITC is nicely growing with an annual growth rate of 8.32%!
SITC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.32%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
22.20% of the earnings are spent on dividend by SITC. This is a low number and sustainable payout ratio.
DP22.2%
EPS Next 2Y-48.28%
EPS Next 3Y-32.29%
14.62
-0.1 (-0.68%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners113.32%
Inst Owner Change12.34%
Ins Owners0.84%
Ins Owner Change-1.37%
Market Cap766.53M
Analysts72.31
Price Target17.34 (18.6%)
Short Float %8.71%
Short Ratio3.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.13% |
Yearly Dividend2.3
Dividend Growth(5Y)8.32%
DP22.2%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4649.24%
Min EPS beat(2)2867.64%
Max EPS beat(2)6430.83%
EPS beat(4)3
Avg EPS beat(4)3175.22%
Min EPS beat(4)-363.71%
Max EPS beat(4)6430.83%
EPS beat(8)6
Avg EPS beat(8)1774.02%
EPS beat(12)10
Avg EPS beat(12)1328.81%
EPS beat(16)13
Avg EPS beat(16)958.52%
Revenue beat(2)0
Avg Revenue beat(2)-5.75%
Min Revenue beat(2)-10.09%
Max Revenue beat(2)-1.42%
Revenue beat(4)1
Avg Revenue beat(4)-3.45%
Min Revenue beat(4)-10.09%
Max Revenue beat(4)4.51%
Revenue beat(8)4
Avg Revenue beat(8)-1.02%
Revenue beat(12)8
Avg Revenue beat(12)1.15%
Revenue beat(16)12
Avg Revenue beat(16)10.83%
PT rev (1m)-28%
PT rev (3m)-31.14%
EPS NQ rev (1m)36.92%
EPS NQ rev (3m)36.92%
EPS NY rev (1m)56.26%
EPS NY rev (3m)56.26%
Revenue NQ rev (1m)-8.4%
Revenue NQ rev (3m)-22.15%
Revenue NY rev (1m)-2.84%
Revenue NY rev (3m)-4.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.07 | ||
| Fwd PE | N/A | ||
| P/S | 1.33 | ||
| P/FCF | N/A | ||
| P/OCF | 4.04 | ||
| P/B | 0.29 | ||
| P/tB | 0.3 | ||
| EV/EBITDA | 0.03 |
EPS(TTM)13.67
EY93.5%
EPS(NY)-0.96
Fwd EYN/A
FCF(TTM)-3.51
FCFYN/A
OCF(TTM)3.62
OCFY24.75%
SpS10.97
BVpS50.58
TBVpS49.31
PEG (NY)0.03
PEG (5Y)0.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.2% | ||
| ROE | 26.17% | ||
| ROCE | 4.26% | ||
| ROIC | 3.37% | ||
| ROICexc | 5.26% | ||
| ROICexgc | 5.52% | ||
| OM | 21.89% | ||
| PM (TTM) | 120.66% | ||
| GM | 69.31% | ||
| FCFM | N/A |
ROA(3y)4.27%
ROA(5y)2.93%
ROE(3y)8.13%
ROE(5y)5.64%
ROIC(3y)2.71%
ROIC(5y)2.63%
ROICexc(3y)2.87%
ROICexc(5y)2.73%
ROICexgc(3y)2.95%
ROICexgc(5y)2.8%
ROCE(3y)3.44%
ROCE(5y)3.33%
ROICexcg growth 3Y12%
ROICexcg growth 5Y-5.53%
ROICexc growth 3Y11.81%
ROICexc growth 5Y-5.7%
OM growth 3Y0.16%
OM growth 5Y-4.48%
PM growth 3Y142.53%
PM growth 5Y32.73%
GM growth 3Y-0.13%
GM growth 5Y-0.26%
F-Score7
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.03 | ||
| Cap/Depr | 226.92% | ||
| Cap/Sales | 64.99% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 65.25% | ||
| Profit Quality | N/A | ||
| Current Ratio | 6.32 | ||
| Quick Ratio | 6.32 | ||
| Altman-Z | 0.1 |
F-Score7
WACC6.58%
ROIC/WACC0.51
Cap/Depr(3y)153.65%
Cap/Depr(5y)122.08%
Cap/Sales(3y)56.76%
Cap/Sales(5y)44.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)733.54%
EPS 3Y147.3%
EPS 5Y22.99%
EPS Q2Q%589.77%
EPS Next Y30.73%
EPS Next 2Y-48.28%
EPS Next 3Y-32.29%
EPS Next 5Y-63.68%
Revenue 1Y (TTM)2.71%
Revenue growth 3Y5.87%
Revenue growth 5Y-5.04%
Sales Q2Q%-36.57%
Revenue Next Year-28.87%
Revenue Next 2Y-35.84%
Revenue Next 3Y-31.06%
Revenue Next 5Y5.39%
EBIT growth 1Y0.12%
EBIT growth 3Y6.05%
EBIT growth 5Y-9.29%
EBIT Next Year10.39%
EBIT Next 3Y-26.31%
EBIT Next 5YN/A
FCF growth 1Y21.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-29.91%
OCF growth 3Y7.84%
OCF growth 5Y-1.96%