SUN COMMUNITIES INC's gross profit margin for the first quarter of its fiscal year 2013 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago.
At the same time, stockholders' equity ("net worth") has greatly increased by 2,066.95% from the same quarter last year.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 103.78 | 83.88 |
| EBITDA ($mil) | 0.0 | 0.0 |
| EBIT ($mil) | 28.0 | 24.08 |
| Net Income ($mil) | 7.26 | 5.38 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 61.05 | 15.98 |
| Total Assets ($mil) | 1913.8 | 1408.02 |
| Total Debt ($mil) | 1357.0 | 1293.56 |
| Equity ($mil) | 439.16 | 20.27 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 26.98 | 28.71 |
| EBITDA Margin | 0.0 | 0.0 |
| Operating Margin | 26.98 | 28.71 |
| Sales Turnover | 0.19 | 0.22 |
| Return on Assets | 0.41 | 0.13 |
| Return on Equity | 1.21 | 9.33 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.76 | 0.98 |
| Interest Expense | 19.67 | 17.64 |
| Interest Coverage | 1.42 | 1.37 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 35.86 | 26.47 |
| Div / share | 0.63 | 0.0 |
| EPS | 0.19 | 0.21 |
| Book value / share | 12.25 | 0.77 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 253709.0 | 127126.0 |
HOLD. SUN COMMUNITIES INC's P/E ratio indicates a significant premium compared to an average of 78.62 for the Real Estate Investment Trusts (REITs) industry and a significant premium compared to the S&P 500 average of 19.08. Conducting a second comparison, its price-to-book ratio of 4.50 indicates a significant premium versus the S&P 500 average of 2.44 and a premium versus the industry average of 3.18. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, SUN COMMUNITIES INC proves to trade at a premium to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUI 306.39 | Peers 78.62 | SUI 18.97 | Peers 22.21 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. SUI is trading at a significant premium to its peers. |
Discount. 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. SUI is trading at a discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| SUI 54.07 | Peers 61.45 | SUI 1.38 | Peers 5.12 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. SUI is trading at a significant premium to 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. SUI trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
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| SUI 4.50 | Peers 3.18 | SUI 260.00 | Peers 66.65 | |||||||||||||||||||||
|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. SUI is trading at a significant premium to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. SUI is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
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| SUI 5.44 | Peers 8.67 | SUI 19.11 | Peers 21.93 | |||||||||||||||||||||
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Discount. 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. SUI is trading at a significant discount to its industry on this measurement. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. SUI trails its peers on the basis of sales growth |
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