Alexandria Real Estate Equities Inc.
Find Ratings ReportsALEXANDRIA R E EQUITIES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 2.64% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 766.23 | 650.8 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | -52.62 | 112.79 |
Net Income ($mil) | -88.43 | 54.32 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 660.77 | 857.98 |
Total Assets ($mil) | 36771.4 | 35523.4 |
Total Debt ($mil) | 11698.53 | 10566.46 |
Equity ($mil) | 18471.18 | 18972.39 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | -1.78 | 23.94 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | -6.87 | 17.33 |
Sales Turnover | 0.07 | 0.06 |
Return on Assets | 0.28 | 1.46 |
Return on Equity | 0.56 | 2.75 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.39 | 0.36 |
Interest Expense | 121.08 | 97.01 |
Interest Coverage | -0.43 | 1.16 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 171.91 | 170.75 |
Div / share | 1.27 | 1.21 |
EPS | -0.54 | 0.31 |
Book value / share | 107.45 | 111.11 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1095805.0 | 1376004.0 |
HOLD. ALEXANDRIA R E EQUITIES INC's P/E ratio indicates a significant premium compared to an average of 49.19 for the Real Estate subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.15 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 current price-to-sales ratio is well above the S&P 500 average and above the subsector average, indicating a premium. The valuation analysis reveals that, ALEXANDRIA R E EQUITIES INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ARE 228.69 | Peers 49.19 | ARE 13.02 | Peers 18.58 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. ARE 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. ARE is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ARE 34.40 | Peers 40.04 | ARE 0.40 | 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. ARE is trading at a 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. ARE trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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ARE 1.15 | Peers 6.43 | ARE -82.75 | 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. ARE 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, ARE 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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ARE 7.89 | Peers 7.79 | ARE 19.19 | Peers 11.68 | |||||||||||||||||||||
Average. 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. ARE is trading at a valuation on par with its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. ARE has a sales growth rate that significantly exceeds its peers. |
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