General Growth Properties Inc

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GGP : NYSE : Financial
$26.2 -0.13 | -0.49%
Today's Range: 26.165 - 26.58
Avg. Daily Volume: 4309600.0
12/09/16 - 4:01 PM ET

Financial Analysis


GENERAL GROWTH PPTYS INC's gross profit margin for the third quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line.

During the same period, stockholders' equity ("net worth") has increased by 7.13% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)604.26614.96
EBITDA ($mil)0.00.0
EBIT ($mil)203.18254.62
Net Income ($mil)674.18123.85


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)656.77160.67
Total Assets ($mil)22713.1923789.8
Total Debt ($mil)12671.6114233.3
Equity ($mil)8836.628248.36


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin35.1844.42
EBITDA Margin0.00.0
Operating Margin33.6341.4
Sales Turnover0.110.11
Return on Assets5.486.17
Return on Equity13.9116.68
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.590.63
Interest Expense141.3144.89
Interest Coverage1.441.76


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)885.57882.43
Div / share0.190.17
EPS0.70.13
Book value / share9.989.35
Institutional Own % n/a n/a
Avg Daily Volume4354668.03765467.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 53.60 for the Equity Real Estate Investment Trusts REITs industry and a discount compared to the S&P 500 average of 25.22. To use another comparison, its price-to-book ratio of 2.55 indicates valuation on par with the S&P 500 average of 2.79 and a discount versus the industry average of 3.51. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, GENERAL GROWTH PPTYS INC proves to trade at a discount 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 19.74 Peers 53.60   GGP 20.08 Peers 19.41

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

GGP is trading at a significant discount to 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 35.86 Peers 49.07   GGP NM Peers 18.28

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

GGP is trading at a significant discount to its peers.

 

Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
GGP 2.55 Peers 3.51   GGP -11.04 Peers 57.11

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 significant 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 8.68 Peers 7.54   GGP 2.12 Peers 15.74

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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