SUN COMMUNITIES INC (SUI) Stock Fundamental Analysis
USA - NYSE:SUI - US8666741041 - REIT
128.46 USD
-0.01 (-0.01%)
128.46 USD
0 (0%)
Taking everything into account, SUI scores 6 out of 10 in our fundamental rating. SUI was compared to 20 industry peers in the Residential REITs industry. While SUI has a great health rating, its profitability is only average at the moment. SUI is valued quite cheap, while showing a decent growth score. This is a good combination! This makes SUI very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year SUI was profitable.
SUI had a positive operating cash flow in the past year.
SUI had positive earnings in 4 of the past 5 years.
SUI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 9.69%, SUI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
SUI has a better Return On Equity (16.89%) than 95.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.13%, SUI is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SUI is in line with the industry average of 2.59%.
The last Return On Invested Capital (3.13%) for SUI is above the 3 year average (2.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.69% | ||
| ROE | 16.89% | ||
| ROIC | 3.13% |
ROA(3y)0.23%
ROA(5y)0.94%
ROE(3y)0.44%
ROE(5y)1.82%
ROIC(3y)2.59%
ROIC(5y)2.54%
1.3 Margins
With an excellent Profit Margin value of 46.59%, SUI 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 SUI has declined.
SUI has a Operating Margin (18.46%) which is in line with its industry peers.
SUI's Operating Margin has declined in the last couple of years.
SUI's Gross Margin of 49.70% is on the low side compared to the rest of the industry. SUI is outperformed by 90.00% of its industry peers.
In the last couple of years the Gross Margin of SUI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.46% | ||
| PM (TTM) | 46.59% | ||
| GM | 49.7% |
OM growth 3Y-7.97%
OM growth 5Y-7.58%
PM growth 3Y-45.13%
PM growth 5Y-26.27%
GM growth 3Y-3.01%
GM growth 5Y-3.96%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SUI is destroying value.
SUI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for SUI has been increased compared to 5 years ago.
Compared to 1 year ago, SUI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.90 indicates that SUI is not a great score, but indicates only limited risk for bankruptcy at the moment.
SUI's Altman-Z score of 1.90 is amongst the best of the industry. SUI outperforms 90.00% of its industry peers.
SUI has a debt to FCF ratio of 5.45. This is a neutral value as SUI would need 5.45 years to pay back of all of its debts.
SUI has a better Debt to FCF ratio (5.45) than 100.00% of its industry peers.
SUI has a Debt/Equity ratio of 0.56. This is a neutral value indicating SUI is somewhat dependend on debt financing.
SUI has a Debt to Equity ratio of 0.56. This is amongst the best in the industry. SUI outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.45 | ||
| Altman-Z | 1.9 |
ROIC/WACC0.45
WACC7.04%
2.3 Liquidity
SUI has a Current Ratio of 4.21. This indicates that SUI is financially healthy and has no problem in meeting its short term obligations.
SUI has a better Current ratio (4.21) than 100.00% of its industry peers.
SUI has a Quick Ratio of 3.81. This indicates that SUI is financially healthy and has no problem in meeting its short term obligations.
SUI has a better Quick ratio (3.81) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.21 | ||
| Quick Ratio | 3.81 |
3. Growth
3.1 Past
SUI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1089.53%, which is quite impressive.
SUI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.06% yearly.
Looking at the last year, SUI shows a very negative growth in Revenue. The Revenue has decreased by -14.35% in the last year.
The Revenue has been growing by 20.57% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)1089.53%
EPS 3Y-39.1%
EPS 5Y-16.06%
EPS Q2Q%2285.71%
Revenue 1Y (TTM)-14.35%
Revenue growth 3Y12.33%
Revenue growth 5Y20.57%
Sales Q2Q%-27.84%
3.2 Future
SUI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.07% yearly.
The Revenue is expected to decrease by -2.27% on average over the next years.
EPS Next Y228.59%
EPS Next 2Y112.24%
EPS Next 3Y76.86%
EPS Next 5Y47.07%
Revenue Next Year-26.51%
Revenue Next 2Y-12.71%
Revenue Next 3Y-7.52%
Revenue Next 5Y-2.27%
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 accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.56, the valuation of SUI can be described as correct.
Based on the Price/Earnings ratio, SUI is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.20, SUI is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 38.02, the valuation of SUI can be described as expensive.
80.00% of the companies in the same industry are more expensive than SUI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SUI to the average of the S&P500 Index (22.70), we can say SUI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.56 | ||
| Fwd PE | 38.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SUI indicates a rather cheap valuation: SUI is cheaper than 95.00% of the companies listed in the same industry.
95.00% of the companies in the same industry are more expensive than SUI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.41 | ||
| EV/EBITDA | 16.02 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SUI may justify a higher PE ratio.
SUI's earnings are expected to grow with 76.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y112.24%
EPS Next 3Y76.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.17%, SUI has a reasonable but not impressive dividend return.
With a Dividend Yield of 3.17, SUI pays less dividend than the industry average, which is at 4.68. 90.00% of the companies listed in the same industry pay a better dividend than SUI!
Compared to an average S&P500 Dividend Yield of 2.38, SUI pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.17% |
5.2 History
The dividend of SUI has a limited annual growth rate of 4.83%.
SUI has been paying a dividend for at least 10 years, so it has a reliable track record.
SUI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.83%
Div Incr Years9
Div Non Decr Years13
5.3 Sustainability
SUI pays out 78.85% of its income as dividend. This is not a sustainable payout ratio.
SUI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP78.85%
EPS Next 2Y112.24%
EPS Next 3Y76.86%
128.46
-0.01 (-0.01%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners104.19%
Inst Owner Change0.07%
Ins Owners0.33%
Ins Owner Change1.09%
Market Cap16.08B
Analysts74
Price Target141.14 (9.87%)
Short Float %1.46%
Short Ratio1.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.17% |
Yearly Dividend3.91
Dividend Growth(5Y)4.83%
DP78.85%
Div Incr Years9
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)396.22%
Min EPS beat(2)-541.21%
Max EPS beat(2)1333.64%
EPS beat(4)2
Avg EPS beat(4)-274.95%
Min EPS beat(4)-1934.29%
Max EPS beat(4)1333.64%
EPS beat(8)2
Avg EPS beat(8)-162.74%
EPS beat(12)2
Avg EPS beat(12)-182.84%
EPS beat(16)3
Avg EPS beat(16)-141.52%
Revenue beat(2)1
Avg Revenue beat(2)-8.37%
Min Revenue beat(2)-19.26%
Max Revenue beat(2)2.52%
Revenue beat(4)2
Avg Revenue beat(4)-4.89%
Min Revenue beat(4)-19.26%
Max Revenue beat(4)2.52%
Revenue beat(8)4
Avg Revenue beat(8)-1.67%
Revenue beat(12)8
Avg Revenue beat(12)-0.13%
Revenue beat(16)12
Avg Revenue beat(16)3.7%
PT rev (1m)0.82%
PT rev (3m)1.21%
EPS NQ rev (1m)-8.08%
EPS NQ rev (3m)-5.1%
EPS NY rev (1m)0%
EPS NY rev (3m)49.24%
Revenue NQ rev (1m)-0.75%
Revenue NQ rev (3m)-8.15%
Revenue NY rev (1m)-0.85%
Revenue NY rev (3m)-2.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.56 | ||
| Fwd PE | 38.02 | ||
| P/S | 5.78 | ||
| P/FCF | 20.41 | ||
| P/OCF | 19.92 | ||
| P/B | 2.1 | ||
| P/tB | 2.13 | ||
| EV/EBITDA | 16.02 |
EPS(TTM)10.23
EY7.96%
EPS(NY)3.38
Fwd EY2.63%
FCF(TTM)6.29
FCFY4.9%
OCF(TTM)6.45
OCFY5.02%
SpS22.21
BVpS61.26
TBVpS60.38
PEG (NY)0.05
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.69% | ||
| ROE | 16.89% | ||
| ROCE | 3.97% | ||
| ROIC | 3.13% | ||
| ROICexc | 3.53% | ||
| ROICexgc | 3.66% | ||
| OM | 18.46% | ||
| PM (TTM) | 46.59% | ||
| GM | 49.7% | ||
| FCFM | 28.34% |
ROA(3y)0.23%
ROA(5y)0.94%
ROE(3y)0.44%
ROE(5y)1.82%
ROIC(3y)2.59%
ROIC(5y)2.54%
ROICexc(3y)2.6%
ROICexc(5y)2.55%
ROICexgc(3y)2.88%
ROICexgc(5y)2.81%
ROCE(3y)3.28%
ROCE(5y)3.22%
ROICexcg growth 3Y-3.23%
ROICexcg growth 5Y-2.66%
ROICexc growth 3Y-3.43%
ROICexc growth 5Y-3.99%
OM growth 3Y-7.97%
OM growth 5Y-7.58%
PM growth 3Y-45.13%
PM growth 5Y-26.27%
GM growth 3Y-3.01%
GM growth 5Y-3.96%
F-Score7
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.45 | ||
| Debt/EBITDA | 3.64 | ||
| Cap/Depr | 2.92% | ||
| Cap/Sales | 0.7% | ||
| Interest Coverage | 2.58 | ||
| Cash Conversion | 68.39% | ||
| Profit Quality | 60.81% | ||
| Current Ratio | 4.21 | ||
| Quick Ratio | 3.81 | ||
| Altman-Z | 1.9 |
F-Score7
WACC7.04%
ROIC/WACC0.45
Cap/Depr(3y)133.62%
Cap/Depr(5y)248.94%
Cap/Sales(3y)26.11%
Cap/Sales(5y)58.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1089.53%
EPS 3Y-39.1%
EPS 5Y-16.06%
EPS Q2Q%2285.71%
EPS Next Y228.59%
EPS Next 2Y112.24%
EPS Next 3Y76.86%
EPS Next 5Y47.07%
Revenue 1Y (TTM)-14.35%
Revenue growth 3Y12.33%
Revenue growth 5Y20.57%
Sales Q2Q%-27.84%
Revenue Next Year-26.51%
Revenue Next 2Y-12.71%
Revenue Next 3Y-7.52%
Revenue Next 5Y-2.27%
EBIT growth 1Y-11.63%
EBIT growth 3Y3.38%
EBIT growth 5Y11.44%
EBIT Next Year53.13%
EBIT Next 3Y17.97%
EBIT Next 5Y12.76%
FCF growth 1Y167.62%
FCF growth 3YN/A
FCF growth 5Y187.98%
OCF growth 1Y23.64%
OCF growth 3Y4.54%
OCF growth 5Y12.55%