Tanger Factory Outlet Centers Inc.

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SKT : NYSE : Finance
$21.93 -0.59 | -2.62%
Today's Range: 21.875 - 22.59
Avg. Daily Volume: 1493700.0
02/21/18 - 4:02 PM ET

Financial Analysis


TANGER FACTORY OUTLET CTRS's gross profit margin for the fourth quarter of its fiscal year 2017 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 13.22% from the same quarter last year.

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Income Statement Q4 FY17 Q4 FY16
Net Sales ($mil)131.67128.4
EBITDA ($mil)0.00.0
EBIT ($mil)48.7842.11
Net Income ($mil)31.524.07


Balance Sheet Q4 FY17 Q4 FY16
Cash & Equiv. ($mil)6.112.22
Total Assets ($mil)2540.112526.21
Total Debt ($mil)1763.651687.87
Equity ($mil)581.58670.22


Profitability Q4 FY17 Q4 FY16
Gross Profit Margin44.7641.61
EBITDA Margin0.00.0
Operating Margin37.0532.79
Sales Turnover0.190.19
Return on Assets2.677.66
Return on Equity11.6928.9
Debt Q4 FY17 Q4 FY16
Current Ratio0.00.0
Debt/Capital0.750.72
Interest Expense0.017.04
Interest Coverage0.02.47


Share Data Q4 FY17 Q4 FY16
Shares outstanding (mil)94.5696.1
Div / share0.340.33
EPS0.330.25
Book value / share6.156.97
Institutional Own % n/a n/a
Avg Daily Volume1554328.01721872.0

Valuation


HOLD. This stock's P/E ratio indicates a significant discount compared to an average of 49.89 for the Equity Real Estate Investment Trusts REITs industry and a premium compared to the S&P 500 average of 25.51. For additional comparison, its price-to-book ratio of 3.57 indicates a premium versus the S&P 500 average of 3.26 and a premium versus the industry average of 3.36. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. The valuation analysis reveals that, TANGER FACTORY OUTLET CTRS seems to be trading 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
SKT 31.34 Peers 49.89   SKT NA Peers 18.05

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

SKT is trading at a significant discount to its peers.

 

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

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
SKT 18.91 Peers 54.05   SKT 0.60 Peers 104.45

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

SKT 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.

SKT 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
SKT 3.57 Peers 3.36   SKT -65.18 Peers 34.62

Average. 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.

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

 

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

However, SKT 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
SKT 4.21 Peers 7.52   SKT 3.17 Peers 10.54

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.

SKT 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.

SKT significantly trails its peers on the basis of sales growth

 

 

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