OTCPK:ZDPY

Stock Analysis Report

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Executive Summary

Zoned Properties, Inc., a real estate development and services firm, owns, develops, and leases a portfolio of properties in the United States.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ZDPY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.3%

ZDPY

3.0%

US Real Estate

1.0%

US Market


1 Year Return

-51.7%

ZDPY

-27.6%

US Real Estate

4.1%

US Market

Return vs Industry: ZDPY underperformed the US Real Estate industry which returned -27.2% over the past year.

Return vs Market: ZDPY underperformed the US Market which returned 3.7% over the past year.


Shareholder returns

ZDPYIndustryMarket
7 Day-3.3%3.0%1.0%
30 Day7.4%2.7%5.4%
90 Day-38.4%-35.1%-5.7%
1 Year-51.7%-51.7%-27.1%-27.6%6.5%4.1%
3 Year-87.8%-87.8%-24.6%-26.2%28.3%19.8%
5 Year-99.6%-99.6%-33.2%-35.3%52.2%35.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Zoned Properties undervalued compared to its fair value and its price relative to the market?

47.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZDPY ($0.15) is trading below our estimate of fair value ($0.28)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ZDPY is good value based on its PB Ratio (0.3x) compared to the US Real Estate industry average (1x).


Next Steps

Future Growth

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

18.0%

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 Zoned 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

  • Examine whether Zoned Properties is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Zoned Properties's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Zoned Properties performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZDPY is currently unprofitable.

Growing Profit Margin: ZDPY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ZDPY is unprofitable, but has reduced losses over the past 5 years at a rate of 11% per year.

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

Earnings vs Industry: ZDPY is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-6.4%).


Return on Equity

High ROE: ZDPY has a negative Return on Equity (-1.73%), as it is currently unprofitable.


Next Steps

Financial Health

How is Zoned Properties's financial position?


Financial Position Analysis

Short Term Liabilities: ZDPY's short term assets ($828.9K) exceed its short term liabilities ($143.4K).

Long Term Liabilities: ZDPY's short term assets ($828.9K) do not cover its long term liabilities ($2.1M).


Debt to Equity History and Analysis

Debt Level: ZDPY's debt to equity ratio (34.2%) is considered satisfactory.

Reducing Debt: ZDPY's debt to equity ratio has reduced from 49.1% to 34.2% 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 ZDPY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ZDPY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 74.9% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ZDPY'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 ZDPY's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZDPY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

5.6yrs

Average board tenure


CEO

Bryan McLaren (32yo)

6.08yrs

Tenure

US$214,500

Compensation

Mr. Bryan McLaren has been the Chief Executive Officer and President of Zoned Properties Inc. since April 2014 and also serves as its Treasurer and Secretary. Mr. McLaren has been Interim Chief Financial O ...


CEO Compensation Analysis

Compensation vs Market: Bryan's total compensation ($USD214.50K) is below average for companies of similar size in the US market ($USD596.47K).

Compensation vs Earnings: Bryan's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Bryan McLaren
CEO, CFO6.08yrsUS$214.50kno data
David Honaman
Independent Director3.67yrsUS$7.78k0.54% $9.4k
Art Friedman
Independent Director5.58yrsUS$10.87k0.92% $16.0k
Alex McLaren
Director5.58yrsUS$10.89k13.54% $235.9k
Derek Overstreet
Independent Director3.08yrsUS$6.22k0.42% $7.3k

5.6yrs

Average Tenure

58yo

Average Age

Experienced Board: ZDPY's board of directors are considered experienced (5.6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Zoned Properties, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zoned Properties, Inc.
  • Ticker: ZDPY
  • Exchange: OTCPK
  • Founded: 2003
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$1.742m
  • Shares outstanding: 12.01m
  • Website: https://www.zonedproperties.com

Number of Employees


Location

  • Zoned Properties, Inc.
  • 14269 North 87th Street
  • Suite 205
  • Scottsdale
  • Arizona
  • 85260
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZDPYOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2006

Biography

Zoned Properties, Inc., a real estate development and services firm, owns, develops, and leases a portfolio of properties in the United States. It primarily provide specialized real estate services for clients in the regulated cannabis industry. The company was formerly known as Vanguard Minerals Corporation and changed its name to Zoned Properties Inc. in October 2013. Zoned Properties Inc. was founded in 2003 and is headquartered in Scottsdale, Arizona. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 03:12
End of Day Share Price2020/05/20 00:00
Earnings2020/03/31
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.