WHITESTONE REIT (WSR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:WSR - US9660842041 - REIT
13.99 USD
-0.26 (-1.82%)
14 USD
+0.01 (+0.07%)
We assign a fundamental rating of 5 out of 10 to WSR. WSR was compared to 126 industry peers in the Diversified REITs industry. WSR scores excellent on profitability, but there are concerns on its financial health. WSR is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year WSR was profitable.
In the past year WSR had a positive cash flow from operations.
Each year in the past 5 years WSR has been profitable.
Each year in the past 5 years WSR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.88%, WSR belongs to the top of the industry, outperforming 82.68% of the companies in the same industry.
WSR has a better Return On Equity (10.11%) than 85.83% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.90%, WSR is in the better half of the industry, outperforming 74.02% of the companies in the same industry.
WSR had an Average Return On Invested Capital over the past 3 years of 3.59%. This is in line with the industry average of 3.06%.
The 3 year average ROIC (3.59%) for WSR is below the current ROIC(3.90%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.88% | ||
| ROE | 10.11% | ||
| ROIC | 3.9% |
ROA(3y)2.72%
ROA(5y)1.97%
ROE(3y)7.16%
ROE(5y)5.27%
ROIC(3y)3.59%
ROIC(5y)3.15%
1.3 Margins
WSR's Profit Margin of 28.16% is fine compared to the rest of the industry. WSR outperforms 79.53% of its industry peers.
WSR's Profit Margin has improved in the last couple of years.
WSR's Operating Margin of 34.03% is fine compared to the rest of the industry. WSR outperforms 69.29% of its industry peers.
WSR's Operating Margin has improved in the last couple of years.
WSR's Gross Margin of 69.58% is in line compared to the rest of the industry. WSR outperforms 57.48% of its industry peers.
WSR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.03% | ||
| PM (TTM) | 28.16% | ||
| GM | 69.58% |
OM growth 3Y5.79%
OM growth 5Y2.69%
PM growth 3Y35.51%
PM growth 5Y3.87%
GM growth 3Y0.75%
GM growth 5Y0.35%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WSR is destroying value.
The number of shares outstanding for WSR has been increased compared to 1 year ago.
WSR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, WSR has an improved debt to assets ratio.
2.2 Solvency
WSR has an Altman-Z score of 0.67. This is a bad value and indicates that WSR is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.67, WSR perfoms like the industry average, outperforming 58.27% of the companies in the same industry.
A Debt/Equity ratio of 1.46 is on the high side and indicates that WSR has dependencies on debt financing.
With a Debt to Equity ratio value of 1.46, WSR perfoms like the industry average, outperforming 44.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.67 |
ROIC/WACC0.57
WACC6.79%
2.3 Liquidity
A Current Ratio of 1.26 indicates that WSR should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.26, WSR is doing good in the industry, outperforming 60.63% of the companies in the same industry.
WSR has a Quick Ratio of 1.26. This is a normal value and indicates that WSR is financially healthy and should not expect problems in meeting its short term obligations.
WSR's Quick ratio of 1.26 is fine compared to the rest of the industry. WSR outperforms 61.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
WSR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 93.18%, which is quite impressive.
The Earnings Per Share has been growing slightly by 5.63% on average over the past years.
Looking at the last year, WSR shows a small growth in Revenue. The Revenue has grown by 4.51% in the last year.
Measured over the past years, WSR shows a small growth in Revenue. The Revenue has been growing by 5.28% on average per year.
EPS 1Y (TTM)93.18%
EPS 3Y39.77%
EPS 5Y5.63%
EPS Q2Q%133.33%
Revenue 1Y (TTM)4.51%
Revenue growth 3Y7.16%
Revenue growth 5Y5.28%
Sales Q2Q%6.25%
3.2 Future
The Earnings Per Share is expected to decrease by -2.17% on average over the next years.
Based on estimates for the next years, WSR will show a small growth in Revenue. The Revenue will grow by 4.50% on average per year.
EPS Next Y-9.91%
EPS Next 2Y-17.94%
EPS Next 3Y-10.74%
EPS Next 5Y-2.17%
Revenue Next Year3.85%
Revenue Next 2Y5.01%
Revenue Next 3Y4.58%
Revenue Next 5Y4.5%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.46, which indicates a correct valuation of WSR.
Based on the Price/Earnings ratio, WSR is valued cheaply inside the industry as 86.61% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of WSR to the average of the S&P500 Index (27.19), we can say WSR is valued slightly cheaper.
WSR is valuated quite expensively with a Price/Forward Earnings ratio of 29.26.
WSR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WSR is cheaper than 78.74% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.92. WSR is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.46 | ||
| Fwd PE | 29.26 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as WSR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.22 |
4.3 Compensation for Growth
The excellent profitability rating of WSR may justify a higher PE ratio.
A cheap valuation may be justified as WSR's earnings are expected to decrease with -10.74% in the coming years.
PEG (NY)N/A
PEG (5Y)2.93
EPS Next 2Y-17.94%
EPS Next 3Y-10.74%
5. Dividend
5.1 Amount
WSR has a Yearly Dividend Yield of 4.05%, which is a nice return.
WSR's Dividend Yield is slightly below the industry average, which is at 6.86.
WSR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
5.2 History
The dividend of WSR decreases each year by -15.28%.
WSR has been paying a dividend for at least 10 years, so it has a reliable track record.
WSR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-15.28%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
WSR pays out 60.32% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of WSR has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP60.32%
EPS Next 2Y-17.94%
EPS Next 3Y-10.74%
13.99
-0.26 (-1.82%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners66.21%
Inst Owner Change0.01%
Ins Owners3.51%
Ins Owner Change5.56%
Market Cap713.77M
Revenue(TTM)157.78M
Net Income(TTM)44.42M
Analysts80
Price Target15.3 (9.36%)
Short Float %1.4%
Short Ratio2.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
Yearly Dividend0.49
Dividend Growth(5Y)-15.28%
DP60.32%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)124.43%
Min EPS beat(2)18.82%
Max EPS beat(2)230.03%
EPS beat(4)3
Avg EPS beat(4)109.17%
Min EPS beat(4)-18.46%
Max EPS beat(4)230.03%
EPS beat(8)6
Avg EPS beat(8)126.63%
EPS beat(12)7
Avg EPS beat(12)114.93%
EPS beat(16)9
Avg EPS beat(16)89.69%
Revenue beat(2)1
Avg Revenue beat(2)0.79%
Min Revenue beat(2)-2.68%
Max Revenue beat(2)4.25%
Revenue beat(4)2
Avg Revenue beat(4)0.53%
Min Revenue beat(4)-3.76%
Max Revenue beat(4)4.3%
Revenue beat(8)2
Avg Revenue beat(8)-0.22%
Revenue beat(12)2
Avg Revenue beat(12)-0.53%
Revenue beat(16)5
Avg Revenue beat(16)-0.07%
PT rev (1m)0%
PT rev (3m)0.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.06%
EPS NY rev (1m)0%
EPS NY rev (3m)64.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.57%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.46 | ||
| Fwd PE | 29.26 | ||
| P/S | 4.52 | ||
| P/FCF | N/A | ||
| P/OCF | 13.47 | ||
| P/B | 1.62 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 15.22 |
EPS(TTM)0.85
EY6.08%
EPS(NY)0.48
Fwd EY3.42%
FCF(TTM)-0.48
FCFYN/A
OCF(TTM)1.04
OCFY7.42%
SpS3.09
BVpS8.61
TBVpS8.61
PEG (NY)N/A
PEG (5Y)2.93
Graham Number12.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.88% | ||
| ROE | 10.11% | ||
| ROCE | 4.94% | ||
| ROIC | 3.9% | ||
| ROICexc | 3.93% | ||
| ROICexgc | 3.94% | ||
| OM | 34.03% | ||
| PM (TTM) | 28.16% | ||
| GM | 69.58% | ||
| FCFM | N/A |
ROA(3y)2.72%
ROA(5y)1.97%
ROE(3y)7.16%
ROE(5y)5.27%
ROIC(3y)3.59%
ROIC(5y)3.15%
ROICexc(3y)3.61%
ROICexc(5y)3.18%
ROICexgc(3y)3.65%
ROICexgc(5y)3.22%
ROCE(3y)4.54%
ROCE(5y)3.99%
ROICexgc growth 3Y12.11%
ROICexgc growth 5Y6.64%
ROICexc growth 3Y12.38%
ROICexc growth 5Y6.74%
OM growth 3Y5.79%
OM growth 5Y2.69%
PM growth 3Y35.51%
PM growth 5Y3.87%
GM growth 3Y0.75%
GM growth 5Y0.35%
F-Score7
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.25 | ||
| Cap/Depr | 221.75% | ||
| Cap/Sales | 49.1% | ||
| Interest Coverage | 1.6 | ||
| Cash Conversion | 59.78% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | 0.67 |
F-Score7
WACC6.79%
ROIC/WACC0.57
Cap/Depr(3y)159.87%
Cap/Depr(5y)164.15%
Cap/Sales(3y)36.2%
Cap/Sales(5y)37.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)93.18%
EPS 3Y39.77%
EPS 5Y5.63%
EPS Q2Q%133.33%
EPS Next Y-9.91%
EPS Next 2Y-17.94%
EPS Next 3Y-10.74%
EPS Next 5Y-2.17%
Revenue 1Y (TTM)4.51%
Revenue growth 3Y7.16%
Revenue growth 5Y5.28%
Sales Q2Q%6.25%
Revenue Next Year3.85%
Revenue Next 2Y5.01%
Revenue Next 3Y4.58%
Revenue Next 5Y4.5%
EBIT growth 1Y11.67%
EBIT growth 3Y13.37%
EBIT growth 5Y8.11%
EBIT Next Year79.96%
EBIT Next 3Y25.07%
EBIT Next 5YN/A
FCF growth 1Y-12.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.14%
OCF growth 3Y6.01%
OCF growth 5Y4.05%
WHITESTONE REIT / WSR FAQ
Can you provide the ChartMill fundamental rating for WHITESTONE REIT?
ChartMill assigns a fundamental rating of 5 / 10 to WSR.
Can you provide the valuation status for WHITESTONE REIT?
ChartMill assigns a valuation rating of 3 / 10 to WHITESTONE REIT (WSR). This can be considered as Overvalued.
What is the profitability of WSR stock?
WHITESTONE REIT (WSR) has a profitability rating of 8 / 10.
What is the valuation of WHITESTONE REIT based on its PE and PB ratios?
The Price/Earnings (PE) ratio for WHITESTONE REIT (WSR) is 16.46 and the Price/Book (PB) ratio is 1.62.
What is the earnings growth outlook for WHITESTONE REIT?
The Earnings per Share (EPS) of WHITESTONE REIT (WSR) is expected to decline by -9.91% in the next year.