VICI PROPERTIES INC (VICI)
US9256521090 - REIT
VICI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 28 industry peers in the Specialized REITs industry. VICI has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on VICI.
1. Profitability
1.1 Basic Checks
VICI had positive earnings in the past year.
VICI had a positive operating cash flow in the past year.
VICI had positive earnings in each of the past 5 years.
In the past 5 years VICI always reported a positive cash flow from operatings.
1.2 Ratios
VICI's Return On Assets of 6.26% is amongst the best of the industry. VICI outperforms 85.71% of its industry peers.
VICI has a Return On Equity of 10.77%. This is in the better half of the industry: VICI outperforms 71.43% of its industry peers.
VICI's Return On Invested Capital of 6.55% is fine compared to the rest of the industry. VICI outperforms 75.00% of its industry peers.
VICI had an Average Return On Invested Capital over the past 3 years of 5.40%. This is in line with the industry average of 5.21%.
The 3 year average ROIC (5.40%) for VICI is below the current ROIC(6.55%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.26% | ||
| ROE | 10.77% | ||
| ROIC | 6.55% |
ROA(3y)4.81%
ROA(5y)4.76%
ROE(3y)7.81%
ROE(5y)7.95%
ROIC(3y)5.4%
ROIC(5y)5.13%
1.3 Margins
With an excellent Profit Margin value of 73.90%, VICI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
VICI's Profit Margin has improved in the last couple of years.
VICI has a Operating Margin of 96.27%. This is amongst the best in the industry. VICI outperforms 100.00% of its industry peers.
VICI's Operating Margin has improved in the last couple of years.
The Gross Margin of VICI (99.25%) is better than 100.00% of its industry peers.
VICI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 96.27% | ||
| PM (TTM) | 73.9% | ||
| GM | 99.25% |
OM growth 3Y7.52%
OM growth 5Y1.53%
PM growth 3Y-1.47%
PM growth 5Y3.6%
GM growth 3Y0.23%
GM growth 5Y0.24%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VICI is destroying value.
VICI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, VICI has more shares outstanding
Compared to 1 year ago, VICI has a worse debt to assets ratio.
2.2 Solvency
VICI has an Altman-Z score of 1.49. This is a bad value and indicates that VICI is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.49, VICI is doing good in the industry, outperforming 64.29% of the companies in the same industry.
VICI has a debt to FCF ratio of 13.90. This is a negative value and a sign of low solvency as VICI would need 13.90 years to pay back of all of its debts.
With a Debt to FCF ratio value of 13.90, VICI perfoms like the industry average, outperforming 53.57% of the companies in the same industry.
VICI has a Debt/Equity ratio of 0.67. This is a neutral value indicating VICI is somewhat dependend on debt financing.
VICI has a Debt to Equity ratio of 0.67. This is amongst the best in the industry. VICI outperforms 89.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 13.9 | ||
| Altman-Z | 1.49 |
ROIC/WACC0.89
WACC7.35%
2.3 Liquidity
VICI has a Current Ratio of 0.50. This is a bad value and indicates that VICI is not financially healthy enough and could expect problems in meeting its short term obligations.
VICI has a worse Current ratio (0.50) than 78.57% of its industry peers.
A Quick Ratio of 0.50 indicates that VICI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.50, VICI is doing worse than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
VICI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.97%, which is quite good.
Measured over the past years, VICI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.64% on average per year.
Looking at the last year, VICI shows a quite strong growth in Revenue. The Revenue has grown by 10.29% in the last year.
VICI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 32.10% yearly.
EPS 1Y (TTM)12.97%
EPS 3Y16.71%
EPS 5Y11.64%
EPS Q2Q%27.27%
Revenue 1Y (TTM)10.29%
Revenue growth 3Y43.37%
Revenue growth 5Y32.1%
Sales Q2Q%6.67%
3.2 Future
Based on estimates for the next years, VICI will show a small growth in Earnings Per Share. The EPS will grow by 4.54% on average per year.
The Revenue is expected to grow by 6.70% on average over the next years.
EPS Next Y8.36%
EPS Next 2Y5.88%
EPS Next 3Y4.54%
EPS Next 5YN/A
Revenue Next Year6.86%
Revenue Next 2Y4.78%
Revenue Next 3Y3.9%
Revenue Next 5Y6.7%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
VICI is valuated correctly with a Price/Earnings ratio of 12.03.
Compared to the rest of the industry, the Price/Earnings ratio of VICI indicates a rather cheap valuation: VICI is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.96. VICI is valued rather cheaply when compared to this.
VICI is valuated reasonably with a Price/Forward Earnings ratio of 11.68.
100.00% of the companies in the same industry are more expensive than VICI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of VICI to the average of the S&P500 Index (23.82), we can say VICI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.03 | ||
| Fwd PE | 11.68 |
4.2 Price Multiples
82.14% of the companies in the same industry are more expensive than VICI, based on the Enterprise Value to EBITDA ratio.
60.71% of the companies in the same industry are more expensive than VICI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.02 | ||
| EV/EBITDA | 14.01 |
4.3 Compensation for Growth
VICI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of VICI may justify a higher PE ratio.
PEG (NY)1.44
PEG (5Y)1.03
EPS Next 2Y5.88%
EPS Next 3Y4.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.53%, VICI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.54, VICI pays a bit more dividend than its industry peers.
VICI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.53% |
5.2 History
The dividend of VICI is nicely growing with an annual growth rate of 8.63%!
VICI has been paying a dividend for over 5 years, so it has already some track record.
VICI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)8.63%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
VICI pays out 61.25% of its income as dividend. This is not a sustainable payout ratio.
VICI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP61.25%
EPS Next 2Y5.88%
EPS Next 3Y4.54%
VICI PROPERTIES INC
NYSE:VICI (11/22/2024, 9:57:09 AM)
32.475
+0.11 (+0.32%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap34.23B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.53% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.03 | ||
| Fwd PE | 11.68 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.44
PEG (5Y)1.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.26% | ||
| ROE | 10.77% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 96.27% | ||
| PM (TTM) | 73.9% | ||
| GM | 99.25% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)12.97%
EPS 3Y16.71%
EPS 5Y
EPS Q2Q%
EPS Next Y8.36%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.29%
Revenue growth 3Y43.37%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y