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General Growth Properties Inc
GGP : NYSE : Financial
$26.59 0.12 | 0.45%
Today's Range: 26.38 - 26.67
Avg. Daily Volume: 3,805,300
11/25/14 - 4:01 PM ET

Financial Analysis


GENERAL GROWTH PPTYS INC's gross profit margin for the third quarter of its fiscal year 2014 has increased when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not.

During the same period, stockholders' equity ("net worth") has decreased by 8.13% from the same quarter last year.

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Income Statement Q3 FY14 Q3 FY13
Net Sales ($mil)647.73617.68
EBITDA ($mil)0.00.0
EBIT ($mil)254.67205.51
Net Income ($mil)74.6127.48


Balance Sheet Q3 FY14 Q3 FY13
Cash & Equiv. ($mil)279.58603.52
Total Assets ($mil)25319.9125748.98
Total Debt ($mil)16116.5215799.53
Equity ($mil)7499.688164.09


Profitability Q3 FY14 Q3 FY13
Gross Profit Margin39.3233.27
EBITDA Margin0.00.0
Operating Margin39.3233.27
Sales Turnover0.10.1
Return on Assets1.791.0
Return on Equity3.252.14
Debt Q3 FY14 Q3 FY13
Current Ratio0.00.0
Debt/Capital0.680.66
Interest Expense174.12172.93
Interest Coverage1.461.19


Share Data Q3 FY14 Q3 FY13
Shares outstanding (mil)884.07911.16
Div / share0.150.12
EPS0.060.02
Book value / share8.488.96
Institutional Own % n/a n/a
Avg Daily Volume3738701.02961362.0

Valuation


BUY. This stock's P/E ratio indicates a premium compared to an average of 100.36 for the Real Estate Investment Trusts (REITs) industry and a significant premium compared to the S&P 500 average of 19.91. To use another comparison, its price-to-book ratio of 3.07 indicates a premium versus the S&P 500 average of 2.75 and a discount versus the industry average of 3.46. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, GENERAL GROWTH PPTYS INC seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
GGP 104.16 Peers 100.36   GGP 21.29 Peers 22.47

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

GGP is trading at a valuation on par with its peers.

 

Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

GGP is trading at a valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
GGP 62.00 Peers 47.82   GGP 1.42 Peers 3.09

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

GGP is trading at a valuation on par with its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

GGP trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
GGP 3.07 Peers 3.46   GGP 38.88 Peers 201.34

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

GGP is trading at a discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, GGP is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
GGP 8.71 Peers 7.84   GGP 2.74 Peers 32.87

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

GGP is trading at a premium to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

GGP significantly trails its peers on the basis of sales growth

 

 

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