NYSE:RVI

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Undervalued with questionable track record.

Risks

  • Retail Value is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

RVI

1.8%

US REITs

-0.6%

US Market


1 Year Return

19.0%

RVI

12.7%

US REITs

0.6%

US Market

RVI outperformed the REITs industry which returned 12.8% over the past year.

RVI outperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

RVIIndustryMarket
7 Day-1.0%1.8%-0.6%
30 Day-1.1%1.5%2.2%
90 Day9.3%2.9%1.1%
1 Year24.7%19.0%17.8%12.7%2.9%0.6%
3 Yearn/a26.8%10.4%44.6%35.2%
5 Yearn/a70.6%35.0%61.9%44.2%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Retail Value's share price is below the future cash flow value, and at a moderate discount (> 20%).

Retail Value's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Retail Value is good value based on earnings compared to the US REITs industry average.

Retail Value is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Retail Value, we can't assess if its growth is good value.


Price Based on Value of Assets

Retail Value is good value based on assets compared to the US REITs industry average.


Next Steps

Future Growth

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

-49.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Retail Value's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to determine if Retail Value is high growth as no earnings estimate data is available.

Retail Value's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Unable to compare Retail Value's earnings growth to the United States of America market average as no estimate data is available.

Unable to compare Retail Value's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Retail Value will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.


Next Steps

Past Performance

How has Retail Value performed over the past 5 years?

13.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Retail Value's year on year earnings growth rate has been positive over the past 5 years.

Retail Value has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Retail Value has become profitable in the last year making it difficult to compare the US REITs industry average.


Return on Equity

Retail Value has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Retail Value used its assets more efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Retail Value improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Retail Value's financial position?


Financial Position Analysis

Retail Value is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Retail Value's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Retail Value's level of debt (85.1%) compared to net worth is high (greater than 40%).

Unable to establish if Retail Value's debt level has increased without past 5-year debt data.

Debt is not well covered by operating cash flow (11.4%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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

3.48%

Current Dividend Yield


Dividend Yield and Payments Analysis

Retail Value's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Retail Value's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

It is too early to tell whether Retail Value has stable dividend payments.

Retail Value only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (10.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Retail Value's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

David Lukes (49yo)

1.6yrs

Tenure

0

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 ...


Management Age and Tenure

1.6yrs

Average Tenure

48.5yo

Average Age

The average tenure for the Retail Value management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.2yrs

Average Tenure

50yo

Average Age

The average tenure for the Retail Value board of directors is less than 3 years, this suggests a new board.


Insider Trading

Retail Value individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$953,15520 Sep 19
Katharina Otto-Bernstein
EntityIndividual
Shares25,400
Max PriceUS$37.53
SellUS$1,042,49318 Sep 19
Katharina Otto-Bernstein
EntityIndividual
Shares27,800
Max PriceUS$37.52
SellUS$4,880,63216 Sep 19
Katharina Otto-Bernstein
EntityIndividual
Shares130,900
Max PriceUS$37.68
SellUS$1,817,50116 Sep 19
Katharina Otto-Bernstein
EntityIndividual
Shares48,600
Max PriceUS$37.84
SellUS$1,137,70212 Sep 19
Katharina Otto-Bernstein
EntityIndividual
Shares30,800
Max PriceUS$36.95
SellUS$1,070,86610 Sep 19
Katharina Otto-Bernstein
EntityIndividual
Shares28,600
Max PriceUS$37.68
SellUS$1,278,25506 Sep 19
Katharina Otto-Bernstein
EntityIndividual
Shares34,381
Max PriceUS$37.51
SellUS$472,02604 Sep 19
Katharina Otto-Bernstein
EntityIndividual
Shares12,715
Max PriceUS$37.15
SellUS$1,102,68530 Aug 19
Katharina Otto-Bernstein
EntityIndividual
Shares29,534
Max PriceUS$37.38
SellUS$956,78329 Aug 19
Katharina Otto-Bernstein
EntityIndividual
Shares25,670
Max PriceUS$37.27
BuyUS$31,49918 Mar 19
Gary Boston
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$31.50
BuyUS$10,998,00725 Jan 19
Luxor Capital Group, LP
EntityCompany
Shares380,588
Max PriceUS$28.90
BuyUS$459,67509 Jan 19
Luxor Capital Group, LP
EntityCompany
Shares16,080
Max PriceUS$28.89
BuyUS$5,656,28913 Nov 18
Luxor Capital Group, LP
EntityCompany
Shares181,070
Max PriceUS$32.63

Ownership Breakdown


Management Team

  • Matt Ostrower (48yo)

    Executive VP

    • Tenure: 1.6yrs
  • Christa Vesy (48yo)

    Executive VP & Chief Accounting Officer

    • Tenure: 1.6yrs
  • David Lukes (49yo)

    President

    • Tenure: 1.6yrs
  • Conor Fennerty

    Senior Vice President of Capital Markets

    • Tenure: 0yrs
  • Mike Makinen (54yo)

    Executive VP & COO

    • Tenure: 1.6yrs
  • Kim Scharf

    Senior Vice President of Technology

    • Tenure: 0yrs
  • John Cattonar

    Senior Vice President of Investments

    • Tenure: 0yrs
  • Michael Deering

    Senior Vice President of Funds Management

    • Tenure: 0yrs
  • Eric Cotton

    Deputy General Counsel & Corporate Compliance Officer

    • Tenure: 0yrs
  • Joe Chura

    Senior Vice President of Construction Management

    • Tenure: 0yrs

Board Members

  • Barry Sholem (63yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$326.28k
  • Scott Roulston (61yo)

    Chairman of the Board

    • Tenure: 1.2yrs
    • Compensation: US$365.03k
  • Matt Ostrower (48yo)

    Executive VP

    • Tenure: 1.6yrs
  • Gary Boston (51yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$331.28k
  • David Lukes (49yo)

    President

    • Tenure: 1.6yrs
  • Henrie Koetter (45yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$303.41k

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$711.788m
  • Shares outstanding: 19.05m
  • 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 s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 01:04
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.