Agree Realty Corporation
Find Ratings ReportsAGREE REALTY CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not.
During the same period, stockholders' equity ("net worth") has increased by 12.31% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 144.17 | 116.53 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 67.63 | 57.4 |
Net Income ($mil) | 45.96 | 40.93 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 14.52 | 28.91 |
Total Assets ($mil) | 7774.84 | 6713.19 |
Total Debt ($mil) | 2433.91 | 1963.58 |
Equity ($mil) | 5199.21 | 4629.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 52.94 | 55.99 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 46.91 | 49.25 |
Sales Turnover | 0.07 | 0.06 |
Return on Assets | 2.18 | 2.27 |
Return on Equity | 3.13 | 3.13 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.32 | 0.3 |
Interest Expense | 22.66 | 17.29 |
Interest Coverage | 2.98 | 3.32 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 100.52 | 90.17 |
Div / share | 0.74 | 0.72 |
EPS | 0.44 | 0.44 |
Book value / share | 51.72 | 51.33 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1104038.0 | 916091.0 |
HOLD. This stock's P/E ratio indicates a significant discount compared to an average of 49.19 for the Real Estate subsector and a premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.07 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.43. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, AGREE REALTY CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ADC 32.30 | Peers 49.19 | ADC 14.18 | Peers 18.58 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ADC is trading at a significant discount 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. ADC is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ADC 28.54 | Peers 40.04 | ADC 3.14 | Peers 5.86 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. ADC is trading at a significant discount 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. ADC trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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ADC 1.07 | Peers 6.43 | ADC -6.56 | Peers -7.55 | |||||||||||||||||||||
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. ADC is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, ADC is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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ADC 10.33 | Peers 7.79 | ADC 25.05 | Peers 11.68 | |||||||||||||||||||||
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. ADC is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. ADC has a sales growth rate that significantly exceeds its peers. |
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