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STRS

Stratus Properties NasdaqGS:STRS Stock Report

Last Price

US$23.80

Market Cap

US$196.9m

7D

-4.7%

1Y

-25.3%

Updated

28 Sep, 2022

Data

Company Financials
STRS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

STRS Stock Overview

Stratus Properties Inc., a real estate company, engages in the acquisition, entitlement, development, management, and sale of commercial, and multi-and single-family residential real estate properties primarily in Texas.

Stratus Properties Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Stratus Properties
Historical stock prices
Current Share PriceUS$23.80
52 Week HighUS$46.44
52 Week LowUS$22.96
Beta0.84
1 Month Change-29.27%
3 Month Change-26.14%
1 Year Change-25.35%
3 Year Change-15.75%
5 Year Change-21.45%
Change since IPO693.33%

Recent News & Updates

Shareholder Returns

STRSUS Real EstateUS Market
7D-4.7%-3.2%-2.0%
1Y-25.3%-44.8%-20.3%

Return vs Industry: STRS exceeded the US Real Estate industry which returned -46.5% over the past year.

Return vs Market: STRS underperformed the US Market which returned -22.1% over the past year.

Price Volatility

Is STRS's price volatile compared to industry and market?
STRS volatility
STRS Average Weekly Movement8.1%
Real Estate Industry Average Movement7.6%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: STRS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: STRS's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199258Beau Armstronghttps://www.stratusproperties.com

Stratus Properties Inc., a real estate company, engages in the acquisition, entitlement, development, management, and sale of commercial, and multi-and single-family residential real estate properties primarily in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations. Its leasing operations cover lease of space at retail and mixed-use, and multi-family properties.

Stratus Properties Fundamentals Summary

How do Stratus Properties's earnings and revenue compare to its market cap?
STRS fundamental statistics
Market CapUS$196.90m
Earnings (TTM)US$59.01m
Revenue (TTM)US$25.46m

3.3x

P/E Ratio

7.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STRS income statement (TTM)
RevenueUS$25.46m
Cost of RevenueUS$17.28m
Gross ProfitUS$8.18m
Other Expenses-US$50.83m
EarningsUS$59.01m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)7.13
Gross Margin32.12%
Net Profit Margin231.81%
Debt/Equity Ratio36.7%

How did STRS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

STRS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.7x
Enterprise Value/EBITDA-25.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

STRS PE Ratio vs Peers
The above table shows the PE ratio for STRS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.2x
MLP Maui Land & Pineapple Company
30.4xn/aUS$168.6m
FOR Forestar Group
3.4x-24.2%US$585.2m
KANP Kaanapali Land
7.4xn/aUS$42.4m
AXR AMREP
3.8xn/aUS$60.9m
STRS Stratus Properties
3.3xn/aUS$196.9m

Price-To-Earnings vs Peers: STRS is good value based on its Price-To-Earnings Ratio (3.3x) compared to the peer average (11.2x).


Price to Earnings Ratio vs Industry

How does STRS's PE Ratio compare vs other companies in the US Real Estate Industry?

Price-To-Earnings vs Industry: STRS is good value based on its Price-To-Earnings Ratio (3.3x) compared to the US Real Estate industry average (7.4x)


Price to Earnings Ratio vs Fair Ratio

What is STRS'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.

STRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate STRS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate STRS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate STRS's fair value for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Stratus Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


40.3%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Stratus Properties has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Stratus Properties's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Stratus Properties performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


51.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: STRS has a high level of non-cash earnings.

Growing Profit Margin: STRS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: STRS has become profitable over the past 5 years, growing earnings by 51.7% per year.

Accelerating Growth: STRS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: STRS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (41.2%).


Return on Equity

High ROE: STRS's Return on Equity (18.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Stratus Properties's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: STRS's short term assets ($369.9M) exceed its short term liabilities ($43.4M).

Long Term Liabilities: STRS's short term assets ($369.9M) exceed its long term liabilities ($128.6M).


Debt to Equity History and Analysis

Debt Level: STRS's net debt to equity ratio (3.9%) is considered satisfactory.

Reducing Debt: STRS's debt to equity ratio has reduced from 170.6% to 36.7% over the past 5 years.

Debt Coverage: STRS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if STRS's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Stratus Properties's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Stratus Properties Dividend Yield vs Market
How does Stratus Properties dividend yield compare to the market?
SegmentDividend Yield
Company (Stratus Properties)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Real Estate)2.7%
Analyst forecast in 3 Years (Stratus Properties)n/a

Notable Dividend: Unable to evaluate STRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate STRS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if STRS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if STRS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as STRS has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

24.1yrs

Average management tenure


CEO

Beau Armstrong (57 yo)

24.08yrs

Tenure

US$3,561,628

Compensation

Mr. William H. Armstrong, III, also known as Beau, is the Chairman of the Board at Stratus Properties Inc. since August 1998, Chief Executive Officer since May 1998 and President since August 1996. Mr. Arm...


CEO Compensation Analysis

Beau Armstrong's Compensation vs Stratus Properties Earnings
How has Beau Armstrong's remuneration changed compared to Stratus Properties's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$59m

Mar 31 2022n/an/a

US$54m

Dec 31 2021US$4mUS$500k

US$64m

Sep 30 2021n/an/a

-US$886k

Jun 30 2021n/an/a

-US$12m

Mar 31 2021n/an/a

-US$4m

Dec 31 2020US$2mUS$500k

-US$16m

Sep 30 2020n/an/a

-US$10m

Jun 30 2020n/an/a

US$2m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$2mUS$500k

-US$2m

Sep 30 2019n/an/a

-US$5m

Jun 30 2019n/an/a

-US$4m

Mar 31 2019n/an/a

-US$3m

Dec 31 2018US$2mUS$492k

-US$5m

Sep 30 2018n/an/a

-US$12m

Jun 30 2018n/an/a

US$5m

Mar 31 2018n/an/a

US$5m

Dec 31 2017US$2mUS$450k

US$4m

Sep 30 2017n/an/a

US$11m

Jun 30 2017n/an/a

-US$5m

Mar 31 2017n/an/a

-US$7m

Dec 31 2016US$2mUS$442k

-US$6m

Sep 30 2016n/an/a

-US$6m

Jun 30 2016n/an/a

US$6m

Mar 31 2016n/an/a

US$8m

Dec 31 2015US$2mUS$400k

US$9m

Compensation vs Market: Beau's total compensation ($USD3.56M) is above average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Beau's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: STRS's management team is seasoned and experienced (24.1 years average tenure).


Board Members

Experienced Board: STRS's board of directors are considered experienced (8.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: STRS insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

NasdaqGS:STRS Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Sep 22BuyUS$86,874Laurie DotterIndividual2,967US$29.28
08 Sep 22SellUS$270,518James LeslieIndividual7,500US$36.07
31 Aug 22BuyUS$1,120Laurie DotterIndividual33US$33.95
22 Aug 22BuyUS$16,896Laurie DotterIndividual528US$32.00
15 Dec 21SellUS$237,583James LeslieIndividual6,780US$35.04

Ownership Breakdown

What is the ownership structure of STRS?
Owner TypeNumber of SharesOwnership Percentage
Hedge Funds1,199,74414.5%
Individual Insiders1,305,61515.8%
General Public2,749,95533.2%
Institutions3,017,95436.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 64.56% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.5%
Oasis Management Company Ltd.
1,199,744$28.6m0.01%2.45%
11.15%
Ingalls & Snyder LLC
922,142$21.9m0.21%1.18%
7.55%
James Moffett
625,000$14.9m0%no data
6.41%
William Armstrong
530,263$12.6m0%no data
5.26%
Dimensional Fund Advisors LP
435,052$10.4m0.54%no data
4.3%
The Vanguard Group, Inc.
355,488$8.5m7.33%no data
3.58%
BlackRock, Inc.
295,972$7.0m633.18%no data
1.61%
RBF Capital LLC
133,131$3.2m0%0.26%
1.47%
Third Avenue Management LLC
121,441$2.9m-14.98%0.27%
1.34%
Geode Capital Management, LLC
110,482$2.6m64.97%no data
0.93%
Zweig-DiMenna Associates, Inc.
76,883$1.8m-3.79%0.4%
0.91%
Crown Capital Management
75,000$1.8m0%1.74%
0.73%
State Street Global Advisors, Inc.
60,670$1.4m161.66%no data
0.65%
Northern Trust Global Investments
53,594$1.3m246.28%no data
0.58%
Hodges Capital Management Inc
47,600$1.1m-11.74%0.12%
0.51%
Michael Madden
42,125$1.0m4.14%no data
0.49%
James Leslie
40,175$956.2k-12.66%no data
0.48%
BMO Asset Management Corp.
40,105$954.5k0%no data
0.45%
Erin Pickens
37,074$882.4k0%no data
0.33%
Susquehanna International Group, LLP, Asset Management Arm
26,908$640.4k18.6%no data
0.32%
EAM Investors, LLC
26,505$630.8k-22.38%0.15%
0.31%
Gemini Capital Management (Ireland) Limited
26,020$619.3k0%0.29%
0.3%
Bridgeway Capital Management, LLC
25,050$596.2k0%0.01%
0.21%
Susquehanna Fundamental Investments, LLC
17,300$411.7k0%0.01%
0.21%
Charles Porter
17,125$407.6k10.84%no data

Company Information

Stratus Properties Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Stratus Properties Inc.
  • Ticker: STRS
  • Exchange: NasdaqGS
  • Founded: 1992
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: US$196.904m
  • Shares outstanding: 8.27m
  • Website: https://www.stratusproperties.com

Number of Employees


Location

  • Stratus Properties Inc.
  • 212 Lavaca Street
  • Suite 300
  • Austin
  • Texas
  • 78701
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STRSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.