SITE CENTERS CORP (SITC)
US82981J8514 - REIT
Overall SITC gets a fundamental rating of 6 out of 10. We evaluated SITC against 130 industry peers in the Diversified REITs industry. While SITC has a great profitability rating, there are some minor concerns on its financial health. SITC has a decent growth rate and is not valued too expensively. Finally SITC also has an excellent dividend rating. These ratings would make SITC suitable for dividend investing!
1. Profitability
1.1 Basic Checks
In the past year SITC was profitable.
SITC had a positive operating cash flow in the past year.
Each year in the past 5 years SITC has been profitable.
In the past 5 years SITC always reported a positive cash flow from operatings.
1.2 Ratios
SITC has a better Return On Assets (22.20%) than 100.00% of its industry peers.
With an excellent Return On Equity value of 26.17%, SITC belongs to the best of the industry, outperforming 97.66% of the companies in the same industry.
With a decent Return On Invested Capital value of 3.37%, SITC is doing good in the industry, outperforming 67.19% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SITC is in line with the industry average of 3.08%.
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's Profit Margin of 120.66% is amongst the best of the industry. SITC outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of SITC has grown nicely.
With a Operating Margin value of 21.89%, SITC perfoms like the industry average, outperforming 50.78% of the companies in the same industry.
SITC's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 69.31%, SITC is in line with its industry, outperforming 55.47% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SITC is destroying value.
The number of shares outstanding for SITC has been reduced compared to 1 year ago.
The number of shares outstanding for SITC has been reduced compared to 5 years ago.
Compared to 1 year ago, SITC has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.15, we must say that SITC is in the distress zone and has some risk of bankruptcy.
SITC's Altman-Z score of 0.15 is on the low side compared to the rest of the industry. SITC is outperformed by 75.00% 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.
SITC has a Debt to Equity ratio of 0.11. This is amongst the best in the industry. SITC outperforms 99.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.15 |
ROIC/WACC0.58
WACC5.76%
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.
The Current ratio of SITC (6.32) is better than 96.88% 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.
The Quick ratio of SITC (6.32) is better than 96.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.32 | ||
| Quick Ratio | 6.32 |
3. Growth
3.1 Past
SITC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 733.54%, which is quite impressive.
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.
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-27.21%
Revenue Next 2Y-36.88%
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
SITC is valuated cheaply with a Price/Earnings ratio of 1.13.
Based on the Price/Earnings ratio, SITC is valued cheaper than 99.22% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.73. SITC is valued rather cheaply when compared to this.
The Forward Price/Earnings Ratio is negative for SITC. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.13 | ||
| Fwd PE | N/A |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than SITC, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 0.17 |
4.3 Compensation for Growth
The decent profitability rating of SITC may justify a higher PE ratio.
SITC's earnings are expected to decrease with -31.17% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.05
EPS Next 2Y-46.83%
EPS Next 3Y-31.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.86%, SITC is a good candidate for dividend investing.
The stock price of SITC dropped by -73.75% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 15.49, SITC pays a better dividend. On top of this SITC pays more dividend than 96.88% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, SITC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.86% |
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
SITC pays out 22.20% of its income as dividend. This is a sustainable payout ratio.
DP22.2%
EPS Next 2Y-46.83%
EPS Next 3Y-31.17%
SITE CENTERS CORP
NYSE:SITC (12/20/2024, 8:04:00 PM)
After market: 15.46 0 (0%)15.46
+0.45 (+3%)
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 Change-72.1%
Ins Owners0.69%
Ins Owner Change-10.45%
Market Cap810.57M
Analysts70.67
Price Target24.57 (58.93%)
Short Float %6.19%
Short Ratio2.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.86% |
Dividend Growth(5Y)8.32%
DP22.2%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)-3.02%
PT rev (3m)-61.47%
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)-2.49%
Revenue NY rev (3m)-9.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.13 | ||
| Fwd PE | N/A | ||
| P/S | 1.41 | ||
| P/FCF | N/A | ||
| P/OCF | 4.27 | ||
| P/B | 0.31 | ||
| P/tB | 0.31 | ||
| EV/EBITDA | 0.17 |
EPS(TTM)13.67
EY88.42%
EPS(NY)-0.75
Fwd EYN/A
FCF(TTM)-3.51
FCFYN/A
OCF(TTM)3.62
OCFY23.4%
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 | 0.15 |
F-Score7
WACC5.76%
ROIC/WACC0.58
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-27.21%
Revenue Next 2Y-36.88%
Revenue Next 3Y-30.43%
Revenue Next 5Y5.39%
EBIT growth 1Y0.12%
EBIT growth 3Y6.05%
EBIT growth 5Y-9.29%
EBIT Next Year62.73%
EBIT Next 3Y-22%
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%