SITE CENTERS CORP (SITC) Stock Fundamental Analysis
NYSE:SITC - New York Stock Exchange, Inc. - US82981J8514 - REIT - Currency: USD
Overall SITC gets a fundamental rating of 4 out of 10. We evaluated SITC against 130 industry peers in the Diversified REITs industry. SITC scores excellent on profitability, but there are concerns on its financial health. SITC is not valued too expensively and it also shows a decent growth rate.
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.
Each year in the past 5 years SITC has been profitable.
Each year in the past 5 years SITC had a positive operating cash flow.
1.2 Ratios
SITC has a better Return On Assets (55.59%) than 100.00% of its industry peers.
SITC has a better Return On Equity (99.46%) than 100.00% of its industry peers.
The Return On Invested Capital of SITC (3.99%) is better than 74.62% of its industry peers.
SITC had an Average Return On Invested Capital over the past 3 years of 2.31%. This is in line with the industry average of 3.16%.
The last Return On Invested Capital (3.99%) for SITC is above the 3 year average (2.31%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 55.59% | ||
| ROE | 99.46% | ||
| ROIC | 3.99% |
ROA(3y)21.72%
ROA(5y)13.64%
ROE(3y)39.54%
ROE(5y)24.91%
ROIC(3y)2.31%
ROIC(5y)2.38%
1.3 Margins
SITC has a better Profit Margin (161.46%) than 100.00% of its industry peers.
In the last couple of years the Profit Margin of SITC has grown nicely.
The Operating Margin of SITC (12.97%) is worse than 70.77% of its industry peers.
In the last couple of years the Operating Margin of SITC has declined.
With a Gross Margin value of 66.41%, SITC perfoms like the industry average, outperforming 49.23% of the companies in the same industry.
SITC's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.97% | ||
| PM (TTM) | 161.46% | ||
| GM | 66.41% |
OM growth 3Y-22.79%
OM growth 5Y-15.86%
PM growth 3Y110.65%
PM growth 5Y73.06%
GM growth 3Y-2.79%
GM growth 5Y-2%
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.
The number of shares outstanding for SITC remains at a similar level compared to 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 -3.76, we must say that SITC is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SITC (-3.76) is worse than 93.85% of its industry peers.
SITC has a Debt/Equity ratio of 0.58. This is a neutral value indicating SITC is somewhat dependend on debt financing.
The Debt to Equity ratio of SITC (0.58) is better than 85.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -3.76 |
ROIC/WACC0.46
WACC8.73%
2.3 Liquidity
A Current Ratio of 0.81 indicates that SITC may have some problems paying its short term obligations.
With a Current ratio value of 0.81, SITC perfoms like the industry average, outperforming 41.54% of the companies in the same industry.
A Quick Ratio of 0.81 indicates that SITC may have some problems paying its short term obligations.
SITC has a Quick ratio of 0.81. This is comparable to the rest of the industry: SITC outperforms 43.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 152.94% over the past year.
SITC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 49.14% yearly.
Looking at the last year, SITC shows a very negative growth in Revenue. The Revenue has decreased by -39.57% in the last year.
The Revenue for SITC have been decreasing by -11.39% on average. This is quite bad
EPS 1Y (TTM)152.94%
EPS 3Y70.65%
EPS 5Y49.14%
EPS Q2Q%111.54%
Revenue 1Y (TTM)-39.57%
Revenue growth 3Y-19.55%
Revenue growth 5Y-11.39%
Sales Q2Q%-66.55%
3.2 Future
Based on estimates for the next years, SITC will show a very negative growth in Earnings Per Share. The EPS will decrease by -76.33% on average per year.
SITC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.28% yearly.
EPS Next Y-105.76%
EPS Next 2Y-43%
EPS Next 3Y-80.57%
EPS Next 5Y-76.32%
Revenue Next Year-73.47%
Revenue Next 2Y-45.32%
Revenue Next 3Y20.58%
Revenue Next 5Y16.28%
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.
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 1.10.
SITC's Price/Earnings ratio is rather cheap when compared to the industry. SITC is cheaper than 99.23% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.15, SITC is valued rather cheaply.
SITC is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.1 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SITC is valued cheaper than 99.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.5 |
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 -80.57% in the coming years.
PEG (NY)N/A
PEG (5Y)0.02
EPS Next 2Y-43%
EPS Next 3Y-80.57%
5. Dividend
5.1 Amount
SITC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
11.31
-1.72 (-13.2%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners112.98%
Inst Owner Change-3.8%
Ins Owners0.52%
Ins Owner Change0.18%
Market Cap593.10M
Analysts74.55
Price Target14.66 (29.62%)
Short Float %5.22%
Short Ratio3.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend2.45
Dividend Growth(5Y)20.53%
DP12.45%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)35.96%
Min EPS beat(2)-81.55%
Max EPS beat(2)153.48%
EPS beat(4)3
Avg EPS beat(4)2342.6%
Min EPS beat(4)-81.55%
Max EPS beat(4)6430.83%
EPS beat(8)5
Avg EPS beat(8)1767.75%
EPS beat(12)9
Avg EPS beat(12)1298.14%
EPS beat(16)13
Avg EPS beat(16)1039.15%
Revenue beat(2)1
Avg Revenue beat(2)-7.42%
Min Revenue beat(2)-51.75%
Max Revenue beat(2)36.91%
Revenue beat(4)1
Avg Revenue beat(4)-6.59%
Min Revenue beat(4)-51.75%
Max Revenue beat(4)36.91%
Revenue beat(8)4
Avg Revenue beat(8)-3.01%
Revenue beat(12)7
Avg Revenue beat(12)-1.24%
Revenue beat(16)11
Avg Revenue beat(16)8.1%
PT rev (1m)-8%
PT rev (3m)-13.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)56.76%
EPS NY rev (1m)0%
EPS NY rev (3m)62.07%
Revenue NQ rev (1m)-0.78%
Revenue NQ rev (3m)-53.41%
Revenue NY rev (1m)0.96%
Revenue NY rev (3m)-50.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.1 | ||
| Fwd PE | N/A | ||
| P/S | 1.85 | ||
| P/FCF | N/A | ||
| P/OCF | 7.62 | ||
| P/B | 1.14 | ||
| P/tB | 1.17 | ||
| EV/EBITDA | 6.5 |
EPS(TTM)10.32
EY91.25%
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)-3.29
FCFYN/A
OCF(TTM)1.48
OCFY13.12%
SpS6.1
BVpS9.91
TBVpS9.69
PEG (NY)N/A
PEG (5Y)0.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 55.59% | ||
| ROE | 99.46% | ||
| ROCE | 5.05% | ||
| ROIC | 3.99% | ||
| ROICexc | 4.3% | ||
| ROICexgc | 4.38% | ||
| OM | 12.97% | ||
| PM (TTM) | 161.46% | ||
| GM | 66.41% | ||
| FCFM | N/A |
ROA(3y)21.72%
ROA(5y)13.64%
ROE(3y)39.54%
ROE(5y)24.91%
ROIC(3y)2.31%
ROIC(5y)2.38%
ROICexc(3y)2.48%
ROICexc(5y)2.5%
ROICexgc(3y)2.55%
ROICexgc(5y)2.56%
ROCE(3y)2.92%
ROCE(5y)3.01%
ROICexcg growth 3Y4.71%
ROICexcg growth 5Y2.93%
ROICexc growth 3Y4.91%
ROICexc growth 5Y2.84%
OM growth 3Y-22.79%
OM growth 5Y-15.86%
PM growth 3Y110.65%
PM growth 5Y73.06%
GM growth 3Y-2.79%
GM growth 5Y-2%
F-Score6
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.12 | ||
| Cap/Depr | 247.76% | ||
| Cap/Sales | 78.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 54.61% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | -3.76 |
F-Score6
WACC8.73%
ROIC/WACC0.46
Cap/Depr(3y)189.02%
Cap/Depr(5y)143.19%
Cap/Sales(3y)85.61%
Cap/Sales(5y)61.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)152.94%
EPS 3Y70.65%
EPS 5Y49.14%
EPS Q2Q%111.54%
EPS Next Y-105.76%
EPS Next 2Y-43%
EPS Next 3Y-80.57%
EPS Next 5Y-76.32%
Revenue 1Y (TTM)-39.57%
Revenue growth 3Y-19.55%
Revenue growth 5Y-11.39%
Sales Q2Q%-66.55%
Revenue Next Year-73.47%
Revenue Next 2Y-45.32%
Revenue Next 3Y20.58%
Revenue Next 5Y16.28%
EBIT growth 1Y-64.53%
EBIT growth 3Y-37.88%
EBIT growth 5Y-25.44%
EBIT Next Year292.74%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-78.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-68.8%
OCF growth 3Y-26.53%
OCF growth 5Y-16.14%