SITE CENTERS CORP (SITC) Stock Fundamental Analysis
NYSE:SITC - New York Stock Exchange, Inc. - US82981J8514 - REIT
We assign a fundamental rating of 6 out of 10 to SITC. SITC was compared to 129 industry peers in the Diversified REITs industry. SITC scores excellent on profitability, but there are some minor concerns on its financial health. SITC has a correct valuation and a medium growth rate. SITC also has an excellent dividend rating. This makes SITC very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
SITC had positive earnings in the past year.
In the past year SITC had a positive cash flow from operations.
In the past 5 years SITC has always been profitable.
Each year in the past 5 years SITC had a positive operating cash flow.
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.
Looking at the Return On Equity, with a value of 26.17%, SITC belongs to the top of the industry, outperforming 97.62% of the companies in the same industry.
SITC has a Return On Invested Capital of 3.37%. This is in the better half of the industry: SITC outperforms 66.67% of its industry peers.
SITC had an Average Return On Invested Capital over the past 3 years of 2.71%. This 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
SITC has a better Profit Margin (120.66%) than 100.00% of its industry peers.
SITC's Profit Margin has improved in the last couple of years.
SITC has a Operating Margin (21.89%) which is comparable to the rest of the industry.
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.
SITC's Gross Margin has been stable in the last couple of years.
| 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.
Compared to 1 year ago, SITC has less shares outstanding
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
SITC has an Altman-Z score of 0.14. This is a bad value and indicates that SITC is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of SITC (0.14) is worse than 76.19% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that SITC is not too dependend on debt financing.
SITC has a better Debt to Equity ratio (0.11) than 99.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.14 |
ROIC/WACC0.57
WACC5.87%
2.3 Liquidity
A Current Ratio of 6.32 indicates that SITC has no problem at all paying its short term obligations.
SITC has a better Current ratio (6.32) than 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.
SITC's Quick ratio of 6.32 is amongst the best of the industry. SITC outperforms 96.83% of its industry peers.
| 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.
Measured over the past years, SITC shows a decrease in Revenue. The Revenue has been decreasing by -5.04% on average per year.
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.
Based on estimates for the next years, SITC will show a small growth in Revenue. The Revenue will grow by 5.39% on average per year.
EPS Next Y-16.33%
EPS Next 2Y-46.83%
EPS Next 3Y-31.17%
EPS Next 5Y-63.68%
Revenue Next Year-26.79%
Revenue Next 2Y-35.84%
Revenue Next 3Y-30.43%
Revenue Next 5Y5.39%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 1.12, which indicates a rather cheap valuation of SITC.
SITC's Price/Earnings ratio is rather cheap when compared to the industry. SITC is cheaper than 99.21% of the companies in the same industry.
SITC is valuated cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
SITC is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.12 | ||
| Fwd PE | N/A |
4.2 Price Multiples
SITC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SITC is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 0.15 |
4.3 Compensation for Growth
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 -31.17% in the coming years.
PEG (NY)N/A
PEG (5Y)0.05
EPS Next 2Y-46.83%
EPS Next 3Y-31.17%
5. Dividend
5.1 Amount
SITC has a Yearly Dividend Yield of 13.59%, which is a nice return.
SITC's Dividend Yield is rather good when compared to the industry average which is at 18.51. SITC pays more dividend than 96.03% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, SITC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.59% |
5.2 History
On average, the dividend of SITC grows each year by 8.32%, which is quite nice.
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-46.83%
EPS Next 3Y-31.17%
SITE CENTERS CORP
NYSE:SITC (1/21/2025, 8:26:46 PM)
After market: 15.37 0 (0%)15.37
-0.03 (-0.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners92.76%
Inst Owner Change0.03%
Ins Owners0.69%
Ins Owner Change-4.25%
Market Cap805.85M
Analysts70.67
Price Target24.23 (57.64%)
Short Float %8.75%
Short Ratio3.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.59% |
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)-1.38%
PT rev (3m)-62.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1526.67%
EPS NY rev (1m)0%
EPS NY rev (3m)1.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-35.37%
Revenue NY rev (1m)0.58%
Revenue NY rev (3m)-7.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.12 | ||
| Fwd PE | N/A | ||
| P/S | 1.4 | ||
| P/FCF | N/A | ||
| P/OCF | 4.25 | ||
| P/B | 0.3 | ||
| P/tB | 0.31 | ||
| EV/EBITDA | 0.15 |
EPS(TTM)13.67
EY88.94%
EPS(NY)-0.75
Fwd EYN/A
FCF(TTM)-3.51
FCFYN/A
OCF(TTM)3.62
OCFY23.54%
SpS10.97
BVpS50.58
TBVpS49.31
PEG (NY)N/A
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 | 0.14 |
F-Score7
WACC5.87%
ROIC/WACC0.57
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 Y-16.33%
EPS Next 2Y-46.83%
EPS Next 3Y-31.17%
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-26.79%
Revenue Next 2Y-35.84%
Revenue Next 3Y-30.43%
Revenue Next 5Y5.39%
EBIT growth 1Y0.12%
EBIT growth 3Y6.05%
EBIT growth 5Y-9.29%
EBIT Next Year31.31%
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%