TANGER INC (SKT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SKT - US8754651060 - REIT
34.06 USD
-0.05 (-0.15%)
34.06 USD
0 (0%)
Taking everything into account, SKT scores 4 out of 10 in our fundamental rating. SKT was compared to 126 industry peers in the Diversified REITs industry. SKT has an excellent profitability rating, but there are concerns on its financial health. While showing a medium growth rate, SKT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year SKT was profitable.
In the past year SKT had a positive cash flow from operations.
Of the past 5 years SKT 4 years were profitable.
Each year in the past 5 years SKT had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SKT (4.06%) is better than 84.13% of its industry peers.
SKT's Return On Equity of 15.20% is amongst the best of the industry. SKT outperforms 92.06% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.37%, SKT belongs to the top of the industry, outperforming 96.03% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SKT is in line with the industry average of 3.06%.
The last Return On Invested Capital (5.37%) for SKT is above the 3 year average (4.98%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.06% | ||
| ROE | 15.2% | ||
| ROIC | 5.37% |
ROA(3y)3.99%
ROA(5y)2.13%
ROE(3y)16.26%
ROE(5y)7.93%
ROIC(3y)4.98%
ROIC(5y)4.56%
1.3 Margins
SKT has a Profit Margin of 19.03%. This is in the better half of the industry: SKT outperforms 66.67% of its industry peers.
In the last couple of years the Profit Margin of SKT has remained more or less at the same level.
SKT has a Operating Margin of 29.59%. This is in the better half of the industry: SKT outperforms 61.11% of its industry peers.
SKT's Operating Margin has been stable in the last couple of years.
The Gross Margin of SKT (69.49%) is comparable to the rest of the industry.
SKT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.59% | ||
| PM (TTM) | 19.03% | ||
| GM | 69.49% |
OM growth 3Y3.56%
OM growth 5Y-0.93%
PM growth 3Y111.98%
PM growth 5Y0.53%
GM growth 3Y0.76%
GM growth 5Y0.28%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SKT is destroying value.
The number of shares outstanding for SKT has been increased compared to 1 year ago.
The number of shares outstanding for SKT has been increased compared to 5 years ago.
Compared to 1 year ago, SKT has an improved debt to assets ratio.
2.2 Solvency
SKT has an Altman-Z score of 1.34. This is a bad value and indicates that SKT is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.34, SKT belongs to the best of the industry, outperforming 87.30% of the companies in the same industry.
SKT has a Debt/Equity ratio of 2.29. This is a high value indicating a heavy dependency on external financing.
SKT's Debt to Equity ratio of 2.29 is on the low side compared to the rest of the industry. SKT is outperformed by 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.29 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.34 |
ROIC/WACC0.74
WACC7.27%
2.3 Liquidity
A Current Ratio of 0.74 indicates that SKT may have some problems paying its short term obligations.
SKT's Current ratio of 0.74 is on the low side compared to the rest of the industry. SKT is outperformed by 61.90% of its industry peers.
A Quick Ratio of 0.74 indicates that SKT may have some problems paying its short term obligations.
The Quick ratio of SKT (0.74) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
SKT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.49%, which is quite good.
Measured over the past years, SKT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.70% on average per year.
SKT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.59%.
Measured over the past years, SKT shows a small growth in Revenue. The Revenue has been growing by 1.92% on average per year.
EPS 1Y (TTM)11.49%
EPS 3Y132.52%
EPS 5Y8.7%
EPS Q2Q%27.27%
Revenue 1Y (TTM)9.59%
Revenue growth 3Y7.24%
Revenue growth 5Y1.92%
Sales Q2Q%9.18%
3.2 Future
The Earnings Per Share is expected to grow by 9.48% on average over the next years. This is quite good.
Based on estimates for the next years, SKT will show a small growth in Revenue. The Revenue will grow by 6.23% on average per year.
EPS Next Y4.44%
EPS Next 2Y27%
EPS Next 3Y9.48%
EPS Next 5YN/A
Revenue Next Year9.19%
Revenue Next 2Y6.88%
Revenue Next 3Y6.23%
Revenue Next 5YN/A
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 stable.
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 35.11, which means the current valuation is very expensive for SKT.
Based on the Price/Earnings ratio, SKT is valued a bit cheaper than 60.32% of the companies in the same industry.
SKT's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.25.
The Price/Forward Earnings ratio is 24.00, which indicates a rather expensive current valuation of SKT.
SKT's Price/Forward Earnings ratio is rather cheap when compared to the industry. SKT is cheaper than 86.51% of the companies in the same industry.
SKT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.11 | ||
| Fwd PE | 24 |
4.2 Price Multiples
SKT's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SKT is more expensive than 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.69 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SKT does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of SKT may justify a higher PE ratio.
PEG (NY)7.9
PEG (5Y)4.04
EPS Next 2Y27%
EPS Next 3Y9.48%
5. Dividend
5.1 Amount
SKT has a Yearly Dividend Yield of 3.40%.
Compared to an average industry Dividend Yield of 6.86, SKT is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 1.92, SKT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.4% |
5.2 History
The dividend of SKT decreases each year by -5.24%.
SKT has paid a dividend for at least 10 years, which is a reliable track record.
SKT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-5.24%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
120.63% of the earnings are spent on dividend by SKT. This is not a sustainable payout ratio.
DP120.63%
EPS Next 2Y27%
EPS Next 3Y9.48%
34.06
-0.05 (-0.15%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.35%
Inst Owner Change0.13%
Ins Owners2.24%
Ins Owner Change-0.68%
Market Cap3.92B
Revenue(TTM)562.00M
Net Income(TTM)106.92M
Analysts75
Price Target37.46 (9.98%)
Short Float %3.82%
Short Ratio5.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.4% |
Yearly Dividend1.09
Dividend Growth(5Y)-5.24%
DP120.63%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.61%
Min EPS beat(2)-16.37%
Max EPS beat(2)13.15%
EPS beat(4)2
Avg EPS beat(4)1.82%
Min EPS beat(4)-16.37%
Max EPS beat(4)16.19%
EPS beat(8)6
Avg EPS beat(8)5.06%
EPS beat(12)9
Avg EPS beat(12)16.78%
EPS beat(16)12
Avg EPS beat(16)17.81%
Revenue beat(2)2
Avg Revenue beat(2)5.21%
Min Revenue beat(2)4.76%
Max Revenue beat(2)5.67%
Revenue beat(4)4
Avg Revenue beat(4)5.79%
Min Revenue beat(4)4.76%
Max Revenue beat(4)7.78%
Revenue beat(8)8
Avg Revenue beat(8)4.99%
Revenue beat(12)11
Avg Revenue beat(12)4.44%
Revenue beat(16)15
Avg Revenue beat(16)3.97%
PT rev (1m)0%
PT rev (3m)3.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.11 | ||
| Fwd PE | 24 | ||
| P/S | 6.98 | ||
| P/FCF | N/A | ||
| P/OCF | 13.55 | ||
| P/B | 5.57 | ||
| P/tB | 5.57 | ||
| EV/EBITDA | 17.69 |
EPS(TTM)0.97
EY2.85%
EPS(NY)1.42
Fwd EY4.17%
FCF(TTM)-0.44
FCFYN/A
OCF(TTM)2.51
OCFY7.38%
SpS4.88
BVpS6.11
TBVpS6.11
PEG (NY)7.9
PEG (5Y)4.04
Graham Number11.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.06% | ||
| ROE | 15.2% | ||
| ROCE | 6.79% | ||
| ROIC | 5.37% | ||
| ROICexc | 5.4% | ||
| ROICexgc | 5.4% | ||
| OM | 29.59% | ||
| PM (TTM) | 19.03% | ||
| GM | 69.49% | ||
| FCFM | N/A |
ROA(3y)3.99%
ROA(5y)2.13%
ROE(3y)16.26%
ROE(5y)7.93%
ROIC(3y)4.98%
ROIC(5y)4.56%
ROICexc(3y)5.21%
ROICexc(5y)4.8%
ROICexgc(3y)5.21%
ROICexgc(5y)4.8%
ROCE(3y)6.31%
ROCE(5y)5.77%
ROICexgc growth 3Y5.08%
ROICexgc growth 5Y0.54%
ROICexc growth 3Y5.08%
ROICexc growth 5Y0.55%
OM growth 3Y3.56%
OM growth 5Y-0.93%
PM growth 3Y111.98%
PM growth 5Y0.53%
GM growth 3Y0.76%
GM growth 5Y0.28%
F-Score4
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.29 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.16 | ||
| Cap/Depr | 232.77% | ||
| Cap/Sales | 60.53% | ||
| Interest Coverage | 2.85 | ||
| Cash Conversion | 92.62% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 1.34 |
F-Score4
WACC7.27%
ROIC/WACC0.74
Cap/Depr(3y)209.92%
Cap/Depr(5y)139.93%
Cap/Sales(3y)50.97%
Cap/Sales(5y)34.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.49%
EPS 3Y132.52%
EPS 5Y8.7%
EPS Q2Q%27.27%
EPS Next Y4.44%
EPS Next 2Y27%
EPS Next 3Y9.48%
EPS Next 5YN/A
Revenue 1Y (TTM)9.59%
Revenue growth 3Y7.24%
Revenue growth 5Y1.92%
Sales Q2Q%9.18%
Revenue Next Year9.19%
Revenue Next 2Y6.88%
Revenue Next 3Y6.23%
Revenue Next 5YN/A
EBIT growth 1Y14.84%
EBIT growth 3Y11.06%
EBIT growth 5Y0.97%
EBIT Next Year112.97%
EBIT Next 3Y32.46%
EBIT Next 5YN/A
FCF growth 1Y-161.4%
FCF growth 3Y-23.27%
FCF growth 5Y-14.91%
OCF growth 1Y18.99%
OCF growth 3Y6.19%
OCF growth 5Y3.4%
TANGER INC / SKT FAQ
What is the ChartMill fundamental rating of TANGER INC (SKT) stock?
ChartMill assigns a fundamental rating of 4 / 10 to SKT.
Can you provide the valuation status for TANGER INC?
ChartMill assigns a valuation rating of 2 / 10 to TANGER INC (SKT). This can be considered as Overvalued.
What is the profitability of SKT stock?
TANGER INC (SKT) has a profitability rating of 7 / 10.
What is the financial health of TANGER INC (SKT) stock?
The financial health rating of TANGER INC (SKT) is 1 / 10.
Can you provide the dividend sustainability for SKT stock?
The dividend rating of TANGER INC (SKT) is 3 / 10 and the dividend payout ratio is 120.63%.