Retail Opportunity Investments Corp.

NasdaqGS:ROIC Stock Report

Market Cap: US$2.3b

Retail Opportunity Investments Valuation

Is ROIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ROIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$19.58
Fair Value
10.7% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: ROIC ($17.49) is trading below our estimate of fair value ($19.58)

Significantly Below Fair Value: ROIC is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ROIC?

Key metric: As ROIC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ROIC. This is calculated by dividing ROIC's market cap by their current earnings.
What is ROIC's PE Ratio?
PE Ratio38.5x
EarningsUS$58.05m
Market CapUS$2.34b

Price to Earnings Ratio vs Peers

How does ROIC's PE Ratio compare to its peers?

The above table shows the PE ratio for ROIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.2x
UE Urban Edge Properties
9.7x-53.5%US$2.7b
GTY Getty Realty
27.4x12.0%US$1.7b
SKT Tanger
39.7x-3.2%US$4.0b
BFS Saul Centers
20.1x-14.9%US$1.3b
ROIC Retail Opportunity Investments
38.5x-34.9%US$2.3b

Price-To-Earnings vs Peers: ROIC is expensive based on its Price-To-Earnings Ratio (38.5x) compared to the peer average (24.2x).

Price to Earnings Ratio vs Industry

How does ROIC's PE Ratio compare vs other companies in the US Retail REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SITC SITE Centers
1.1x-114.2%US$791.17m
RVIC Retail Value
0.2xn/aUS$5.72m
No more companies available in this PE range
ROIC 38.5xIndustry Avg. 33.5xNo. of Companies5PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ROIC is expensive based on its Price-To-Earnings Ratio (38.5x) compared to the US Retail REITs industry average (33.4x).

Price to Earnings Ratio vs Fair Ratio

What is ROIC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ROIC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.5x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: ROIC is expensive based on its Price-To-Earnings Ratio (38.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ROIC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.49
US$17.25
-1.4%
4.3%US$18.00US$16.00n/a4
Jan ’26US$17.36
US$17.25
-0.6%
4.3%US$18.00US$16.00n/a4
Dec ’25US$17.40
US$17.13
-1.6%
3.8%US$17.50US$16.00n/a4
Nov ’25US$15.59
US$15.75
+1.0%
5.3%US$17.00US$14.00n/a8
Oct ’25US$15.70
US$15.13
-3.7%
7.0%US$16.00US$13.00n/a8
Sep ’25US$15.29
US$14.88
-2.7%
8.5%US$16.00US$13.00n/a8
Aug ’25US$15.13
US$14.19
-6.2%
7.0%US$16.00US$13.00n/a8
Jul ’25US$12.29
US$13.78
+12.1%
9.4%US$16.00US$12.00n/a9
Jun ’25US$12.52
US$13.78
+10.0%
9.4%US$16.00US$12.00n/a9
May ’25US$12.36
US$13.89
+12.4%
9.3%US$16.00US$12.00n/a9
Apr ’25US$12.53
US$14.28
+13.9%
7.2%US$16.00US$12.00n/a9
Mar ’25US$12.94
US$14.38
+11.1%
7.9%US$16.00US$12.00n/a8
Feb ’25US$13.81
US$14.78
+7.0%
10.5%US$17.00US$12.00US$17.479
Jan ’25US$14.03
US$14.44
+2.9%
11.1%US$17.00US$12.00US$17.368
Dec ’24US$13.15
US$13.50
+2.7%
11.7%US$17.00US$12.00US$17.407
Nov ’24US$11.87
US$13.89
+17.0%
12.3%US$17.00US$12.00US$15.597
Oct ’24US$12.38
US$15.43
+24.6%
6.8%US$17.00US$14.00US$15.707
Sep ’24US$13.39
US$15.57
+16.3%
6.7%US$17.00US$14.00US$15.297
Aug ’24US$14.74
US$15.50
+5.2%
7.5%US$17.00US$14.00US$15.137
Jul ’24US$13.51
US$14.86
+10.0%
9.1%US$17.00US$13.00US$12.297
Jun ’24US$12.16
US$14.86
+22.2%
9.1%US$17.00US$13.00US$12.527
May ’24US$12.85
US$15.00
+16.7%
9.4%US$17.00US$13.00US$12.366
Apr ’24US$13.96
US$15.67
+12.2%
10.8%US$18.00US$13.00US$12.536
Mar ’24US$14.23
US$16.50
+16.0%
5.8%US$18.00US$15.00US$12.946
Feb ’24US$15.93
US$16.64
+4.5%
6.2%US$18.00US$15.00US$13.817
Analyst Price Target
Consensus Narrative from 4 Analysts
US$17.25
Fair Value
1.4% overvalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 00:43
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Retail Opportunity Investments Corp. is covered by 26 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wesley GolladayBaird
null nullBMO Capital Markets Equity Research
Paul AdornatoBMO Capital Markets Equity Research