PECO Stock Overview
Phillips Edison & Company, Inc. (“PECO”), an internally-managed REIT, is one of the nation’s largest owners and operators of grocery-anchored shopping centers.
Phillips Edison Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$33.29|
|52 Week High||US$36.35|
|52 Week Low||US$7.16|
|1 Month Change||-5.24%|
|3 Month Change||-0.21%|
|1 Year Change||53.48%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||21.14%|
Recent News & Updates
Phillips Edison: Jump Into This REIT Before It Takes Off
Phillips Edison is a large grocery-anchored shopping center REIT with strong portfolio fundamentals. It maintains a solid financial footing and has a promising future with its development pipeline. The present valuation makes the stock a good entry point for income and growth.
|PECO||US REITs||US Market|
Return vs Industry: PECO exceeded the US REITs industry which returned -9.8% over the past year.
Return vs Market: PECO exceeded the US Market which returned -20.5% over the past year.
|PECO Average Weekly Movement||4.8%|
|REITs Industry Average Movement||4.8%|
|Market Average Movement||8.0%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: PECO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PECO's weekly volatility has decreased from 42% to 5% over the past year.
About the Company
Phillips Edison & Company, Inc. (“PECO”), an internally-managed REIT, is one of the nation’s largest owners and operators of grocery-anchored shopping centers. PECO’s diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States. Through its vertically-integrated operating platform, the Company manages a portfolio of 309 properties, including 283 wholly-owned properties comprising approximately 31.7 million square feet across 31 states (as of September 30, 2020).
Phillips Edison Fundamentals Summary
|PECO fundamental statistics|
Is PECO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PECO income statement (TTM)|
|Cost of Revenue||US$160.33m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.22|
|Net Profit Margin||4.61%|
How did PECO perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Does PECO pay a reliable dividends?See PECO dividend history and benchmarks
|Phillips Edison dividend dates|
|Ex Dividend Date||Jul 14 2022|
|Dividend Pay Date||Aug 01 2022|
|Days until Ex dividend||19 days|
|Days until Dividend pay date||37 days|
Does PECO pay a reliable dividends?See PECO dividend history and benchmarks
Is PECO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PECO?
Other financial metrics that can be useful for relative valuation.
|What is PECO's n/a Ratio?|
Price to Sales Ratio vs Peers
How does PECO's PS Ratio compare to its peers?
|PECO PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: PECO is expensive based on its Price-To-Sales Ratio (7x) compared to the peer average (6.6x).
Price to Earnings Ratio vs Industry
How does PECO's PE Ratio compare vs other companies in the U.S. REITs Industry?
Price-To-Sales vs Industry: PECO is expensive based on its Price-To-Sales Ratio (7x) compared to the US REITs industry average (5.8x)
Price to Sales Ratio vs Fair Ratio
What is PECO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||7x|
|Fair PS Ratio||1.7x|
Price-To-Sales vs Fair Ratio: PECO is expensive based on its Price-To-Sales Ratio (7x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).
Share Price vs Fair Value
What is the Fair Price of PECO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PECO ($33.29) is trading below our estimate of fair value ($59.46)
Significantly Below Fair Value: PECO is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: PECO is poor value based on its PEG Ratio (4.4x)
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How is Phillips Edison forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PECO's forecast earnings growth (34.1% per year) is above the savings rate (1.9%).
Earnings vs Market: PECO's earnings (34.1% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: PECO's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PECO's revenue (7.1% per year) is forecast to grow slower than the US market (8.3% per year).
High Growth Revenue: PECO's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PECO's Return on Equity is forecast to be high in 3 years time
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How has Phillips Edison performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PECO has high quality earnings.
Growing Profit Margin: PECO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PECO has become profitable over the past 5 years, growing earnings by 22.9% per year.
Accelerating Growth: PECO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PECO has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (69.5%).
Return on Equity
High ROE: PECO's Return on Equity (1.1%) is considered low.
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How is Phillips Edison's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PECO's short term assets ($129.3M) exceed its short term liabilities ($94.3M).
Long Term Liabilities: PECO's short term assets ($129.3M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: PECO's net debt to equity ratio (73.8%) is considered high.
Reducing Debt: PECO's debt to equity ratio has reduced from 92% to 74% over the past 5 years.
Debt Coverage: PECO's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: PECO's interest payments on its debt are not well covered by EBIT (1.7x coverage).
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What is Phillips Edison current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PECO's dividend (3.24%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: PECO's dividend (3.24%) is low compared to the top 25% of dividend payers in the US market (4.34%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether PECO's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if PECO's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.6%), PECO's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (71.4%), PECO's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Edison (60 yo)
Mr. Jeffrey S. Edison, also known as Jeff, is the Founding Partner at Phillips Edison & Company and has been its Principal since 1995. Mr. Edison served as Chairman and Chief Executive Officer at Phillips...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD8.81M) is about average for companies of similar size in the US market ($USD6.92M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Experienced Management: PECO's management team is seasoned and experienced (6.3 years average tenure).
Experienced Board: PECO's board of directors are considered experienced (7.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.
Phillips Edison & Company, Inc.'s employee growth, exchange listings and data sources
- Name: Phillips Edison & Company, Inc.
- Ticker: PECO
- Exchange: NasdaqGS
- Founded: 1991
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$4.265b
- Market Cap: US$3.792b
- Shares outstanding: 128.40m
- Website: https://www.phillipsedison.com
Number of Employees
- Phillips Edison & Company, Inc.
- 11501 Northlake Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.