NYSE:RVI

Stock Analysis Report

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Executive Summary

RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Retail Value's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

3.8%

RVI

-1.6%

US REITs

1.8%

US Market


1 Year Return

-56.4%

RVI

-8.0%

US REITs

20.4%

US Market

Return vs Industry: RVI underperformed the US REITs industry which returned -7.3% over the past year.

Return vs Market: RVI underperformed the US Market which returned 19% over the past year.


Shareholder returns

RVIIndustryMarket
7 Day3.8%-1.6%1.8%
30 Day13.1%5.2%6.0%
90 Day22.0%4.6%6.8%
1 Year-56.4%-56.4%-4.1%-8.0%23.2%20.4%
3 Yearn/a18.7%4.6%47.4%37.6%
5 Yearn/a46.3%17.0%91.9%70.8%

Long-Term Price Volatility Vs. Market

How volatile is Retail Value's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Retail Value undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RVI ($15.5) is trading below our estimate of fair value ($56.44)

Significantly Below Fair Value: RVI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RVI is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: RVI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RVI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RVI is good value based on its PB Ratio (0.5x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

How is Retail Value forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-49.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RVI's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if RVI's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RVI's revenue is expected to decline over the next 3 years (-49.2% per year).

High Growth Revenue: RVI's revenue is forecast to decline over the next 3 years (-49.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RVI is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Retail Value performed over the past 5 years?

33.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RVI is currently unprofitable.

Growing Profit Margin: RVI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RVI is unprofitable, but has reduced losses over the past 5 years at a rate of 33.2% per year.

Accelerating Growth: Unable to compare RVI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RVI is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (2%).


Return on Equity

High ROE: RVI has a negative Return on Equity (-14.98%), as it is currently unprofitable.


Next Steps

Financial Health

How is Retail Value's financial position?


Financial Position Analysis

Short Term Liabilities: RVI's short term assets ($294.1M) exceed its short term liabilities ($25.3M).

Long Term Liabilities: RVI's short term assets ($294.1M) do not cover its long term liabilities ($491.2M).


Debt to Equity History and Analysis

Debt Level: RVI's debt to equity ratio (57.7%) is considered high.

Reducing Debt: Insufficient data to determine if RVI's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable RVI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RVI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 1.5% per year.


Next Steps

Dividend

What is Retail Value current dividend yield, its reliability and sustainability?

7.48%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: RVI's dividend (7.48%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: RVI's dividend (7.48%) is in the top 25% of dividend payers in the US market (4.15%)


Stability and Growth of Payments

Stable Dividend: RVI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: RVI has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.6%), RVI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

David Lukes (50 yo)

2.75yrs

Tenure

Mr. David R. Lukes has been the Chief Executive Officer and President of SITE Centers Corp. since March 2, 2017. Mr. Lukes has been Chief Executive Officer and President of Retail Value Inc. since February...


Leadership Team

NamePositionTenureCompensationOwnership
David Lukes
President2.75yrsno data0.070%
$ 216.5k
Christa Vesy
Executive VP1yrno data0.023%
$ 70.3k
John Cattonar
Senior Vice President of Investmentsno datano datano data
Kim Scharf
Senior Vice President of Technologyno datano datano data
Eric Cotton
Deputy General Counsel & Corporate Compliance Officerno datano datano data
Joseph Chura
Senior Vice President of Construction Managementno datano datano data
Conor Fennerty
Executive Vice Presidentno datano data0.00030%
$ 922.1
Joseph Lopez
Senior Vice President of Operationsno datano datano data
Rob McGovern
Senior Vice President of Leasingno datano datano data
Jeff Scott
Senior Vice President of Property Reportingno datano datano data
Robert Siebenschuh
Senior Vice President of Property Accounting Operationsno datano datano data
Steve Bakke
Senior Vice President of Capital Markets0.50yrno datano data

1.0yrs

Average Tenure

49yo

Average Age

Experienced Management: RVI's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
David Lukes
President2.75yrsno data0.070%
$ 216.5k
Barry Sholem
Independent Director2.33yrsUS$104.00k0.046%
$ 141.2k
Scott Roulston
Independent Chairman of the Board2.33yrsUS$181.50k0.068%
$ 208.6k
Gary Boston
Independent Director2.33yrsUS$114.00k0.023%
$ 71.0k
Henrie Koetter
Independent Director2.33yrsUS$58.25k0.028%
$ 86.5k

2.3yrs

Average Tenure

52yo

Average Age

Experienced Board: RVI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.


Top Shareholders

Company Information

Retail Value Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Retail Value Inc.
  • Ticker: RVI
  • Exchange: NYSE
  • Founded:
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: US$307.354m
  • Shares outstanding: 19.83m
  • Website: https://retailvalueinc.com

Location

  • Retail Value Inc.
  • 3300 Enterprise Parkway
  • Beachwood
  • Ohio
  • 44122
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RVINYSE (New York Stock Exchange)YesCommon SharesUSUSDJun 2018

Biography

RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more su...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 23:32
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.