Sun Communities Inc.
Find Ratings Reports
2.50 |
1.63%
SUN COMMUNITIES INC's gross profit margin for the second quarter of its fiscal year 2019 is essentially unchanged 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 subsector this quarter as compared to the same quarter a year ago.
At the same time, stockholders' equity ("net worth") has greatly increased by 32.98% from the same quarter last year.
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| Income Statement | Q2 FY19 | Q2 FY18 |
|---|---|---|
| Net Sales ($mil) | 312.84 | 271.43 |
| EBITDA ($mil) | 0.0 | 0.0 |
| EBIT ($mil) | 75.74 | 60.96 |
| Net Income ($mil) | 40.81 | 20.84 |
| Balance Sheet | Q2 FY19 | Q2 FY18 |
|---|---|---|
| Cash & Equiv. ($mil) | 46.04 | 36.8 |
| Total Assets ($mil) | 7222.08 | 6492.35 |
| Total Debt ($mil) | 3130.47 | 3364.08 |
| Equity ($mil) | 3538.66 | 2661.03 |
| Profitability | Q2 FY19 | Q2 FY18 |
|---|---|---|
| Gross Profit Margin | 32.95 | 31.83 |
| EBITDA Margin | 0.0 | 0.0 |
| Operating Margin | 24.21 | 22.46 |
| Sales Turnover | 0.17 | 0.16 |
| Return on Assets | 1.82 | 1.32 |
| Return on Equity | 3.66 | 3.07 |
| Debt | Q2 FY19 | Q2 FY18 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.47 | 0.56 |
| Interest Expense | 34.84 | 33.05 |
| Interest Coverage | 2.17 | 1.84 |
| Share Data | Q2 FY19 | Q2 FY18 |
|---|---|---|
| Shares outstanding (mil) | 90.67 | 80.89 |
| Div / share | 0.75 | 0.71 |
| EPS | 0.46 | 0.25 |
| Book value / share | 39.03 | 32.9 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 516316.0 | 612954.0 |
BUY. SUN COMMUNITIES INC's P/E ratio indicates a significant premium compared to an average of 69.11 for the Real Estate subsector and a significant premium compared to the S&P 500 average of 21.72. To use another comparison, its price-to-book ratio of 3.92 indicates a premium versus the S&P 500 average of 3.24 and a discount versus the subsector average of 4.76. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, SUN COMMUNITIES INC seems to be trading at a premium to investment alternatives.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUI 99.88 | Peers 71.06 | SUI 33.12 | Peers 21.37 | |||||||||||||||||||||
|
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. |
Premium. 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 significant premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| SUI 77.97 | Peers 64.21 | SUI 2.58 | Peers 19.03 | |||||||||||||||||||||
|
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 |
|
|||||||||||||||||||||
| SUI 3.92 | Peers 4.76 | SUI 48.54 | Peers 57.79 | |||||||||||||||||||||
|
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. SUI is trading at a discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, SUI is expected to trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| SUI 11.56 | Peers 9.95 | SUI 15.25 | Peers 9.25 | |||||||||||||||||||||
|
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. SUI is trading at a premium to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. SUI has a sales growth rate that significantly exceeds its peers. |
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