AMEX:HMG

Stock Analysis Report

HMG/Courtland Properties

Executive Summary

HMG/Courtland Properties, Inc. and subsidiaries, is a Delaware corporation organized in 1972.


Snowflake Analysis

Fair value unattractive dividend payer.

Share Price & News

How has HMG/Courtland Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HMG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.7%

HMG

-4.7%

US REITs

-7.6%

US Market


1 Year Return

-10.7%

HMG

11.6%

US REITs

10.2%

US Market

Return vs Industry: HMG underperformed the US REITs industry which returned 12.8% over the past year.

Return vs Market: HMG underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

HMGIndustryMarket
7 Day2.7%-4.7%-7.6%
30 Dayn/a-1.5%-4.5%
90 Dayn/a0.9%-0.6%
1 Year-7.3%-10.7%16.1%11.6%12.5%10.2%
3 Year57.1%26.4%31.7%15.3%37.1%28.3%
5 Year60.1%17.0%52.7%21.3%60.8%43.2%

Price Volatility Vs. Market

How volatile is HMG/Courtland Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HMG/Courtland Properties 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: HMG ($12.85) is trading below our estimate of fair value ($36.27)

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


Price To Earnings Ratio

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

PE vs Market: HMG 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 HMG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HMG is good value based on its PB Ratio (0.6x) compared to the US REITs industry average (2x).


Next Steps

Future Growth

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

4.9%

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 HMG/Courtland 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.


Next Steps

Past Performance

How has HMG/Courtland Properties performed over the past 5 years?

36.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HMG is currently unprofitable.

Growing Profit Margin: HMG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HMG is unprofitable, but has reduced losses over the past 5 years at a rate of 36.7% per year.

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

Earnings vs Industry: HMG is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5.9%).


Return on Equity

High ROE: HMG has a negative Return on Equity (-0.71%), as it is currently unprofitable.


Next Steps

Financial Health

How is HMG/Courtland Properties's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: HMG has a low level of unsold assets or inventory.

Debt Coverage by Assets: HMG's debt is covered by short term assets (assets are 21.5x debt).


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: HMG has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: HMG has been profitable on average in the past, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: HMG's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if HMG has a sufficient allowance for bad loans.

Low Risk Liabilities: HMG reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if HMG has an acceptable proportion of non-loan assets held.

Low Risk Deposits: HMG has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if HMG has an appropriate level of bad loans.


Next Steps

Dividend

What is HMG/Courtland Properties's current dividend yield, its reliability and sustainability?

22.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HMG's dividend (23.35%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: HMG's dividend (23.35%) is in the top 25% of dividend payers in the US market (3.9%)


Stability and Growth of Payments

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

Growing Dividend: HMG has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: HMG is paying a dividend but the company is unprofitable.


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?

7.1yrs

Average board tenure


CEO

Maurice Wiener (78yo)

46.1yrs

Tenure

US$20,000

Compensation

Mr. Maurice A. Wiener has been Chairman of the Board of Directors and the Chief Executive Officer of HMG/Courtland Properties, Inc. since 1974 and also has been its President since 2014 and also serves as  ...


Board Members

NamePositionTenureCompensationOwnership
Maurice Wiener
Chairman of the Board46.1yrsUS$20.00k2.64% $360.6k
Richard Wiener
Independent Director9.8yrsUS$18.75k0.30% $40.5k
Charles Dusseau
Independent Director4.3yrsUS$18.75k0.30% $40.5k
Alexander Arader
Independent Director3.9yrsUS$15.75k0.14% $18.9k

7.1yrs

Average Tenure

73yo

Average Age

Experienced Board: HMG's board of directors are considered experienced (7.1 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

HMG/Courtland Properties, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HMG/Courtland Properties, Inc.
  • Ticker: HMG
  • Exchange: AMEX
  • Founded: 1971
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: US$13.669m
  • Shares outstanding: 1.01m
  • Website: https://www.hmgcourtland.com

Location

  • HMG/Courtland Properties, Inc.
  • 1870 South Bayshore Drive
  • Coconut Grove
  • Miami
  • Florida
  • 33133
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HMGAMEX (NYSE MKT LLC)YesCommon StockUSUSDNov 1972
H2MDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1972

Biography

HMG/Courtland Properties, Inc. and subsidiaries, is a Delaware corporation organized in 1972. The Company’s business is the ownership and management of income-producing commercial properties and it will consider other investments if they offer growth or profit potential. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 00:54
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
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.