PGRE - Paramount Group, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$8.47
DETAILS
HIGH:
$12.00
LOW:
$6.60
MEDIAN:
$7.80
CONSENSUS:
$8.47
UPSIDE:
28.33%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 757.5 | 742.8 | 740.4 | 726.8 | 714.2 | 769.2 | 759.0 | 719.0 | 683.3 | 662.4 | 419.9 | 58.7 | 54.3 | 57.0 |
| Cost of Revenue | 303.3 | 544.6 | 277.4 | 265.4 | 267.6 | 274.8 | 274.1 | 266.1 | 250.0 | 244.8 | 16.2 | 16.2 | 15.4 | 14.7 |
| Gross Profit | 454.2 | 198.2 | 463.0 | 461.3 | 446.6 | 494.3 | 484.9 | 452.8 | 433.3 | 417.7 | 403.7 | 42.5 | 38.9 | 42.3 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 66.3 | 62.0 | 59.5 | 59.1 | 64.9 | 68.6 | 57.6 | 59.0 | 50.6 | 42.1 | 33.5 | 56.9 | 45.9 | 103.9 |
| Other Expenses | 239.5 | 0 | 232.5 | 232.5 | 235.2 | 248.3 | 258.2 | 266.0 | 269.4 | 294.6 | 0 | 0.3 | 16.7 | 0.8 |
| Operating Expenses | 305.9 | 62.0 | 292.0 | 291.6 | 300.1 | 316.9 | 315.8 | 325.0 | 320.1 | 336.7 | 33.5 | 72.1 | 62.6 | 119.9 |
| Operating Income | ||||||||||||||
| Operating Income | 148.3 | 136.2 | 171.0 | 169.7 | 121.0 | 159.0 | 121.6 | 123.2 | 107.9 | 70.6 | 331.6 | 331.6 | 168.8 | 471.4 |
| Interest Expense | 156.7 | 146.8 | 143.9 | 142.0 | 134.9 | 137.4 | 136.6 | 132.6 | 150.9 | 168.4 | 0 | 29.4 | 36.9 | 34.2 |
| Interest Income | 4.8 | 8.6 | 5.2 | 3.0 | 2.1 | 5.5 | 5.4 | 1.3 | 0.8 | 0.9 | 0 | 3.6 | 2.4 | 2.1 |
| Profitability | ||||||||||||||
| EBITDA | 359.9 | 27.5 | 345.3 | 371.1 | 356.9 | 407.4 | 425.8 | 391.0 | 417.2 | 441.0 | 212.5 | 343.2 | 182.8 | 447.3 |
| EBIT | 120.4 | (223.1) | 112.8 | 138.6 | 122.3 | 141.9 | 153.2 | 244.9 | 150.2 | 189.5 | 168.3 | 343.2 | 183.6 | 478.1 |
| Income Before Tax | (36.3) | (369.9) | (24.9) | 5.7 | (12.6) | (29.3) | 22.1 | 112.4 | 3.9 | 23.7 | 313.9 | 313.9 | 146.7 | 443.9 |
| Income Tax Expense | 2.1 | 1.4 | 3.3 | 3.6 | 1.5 | 0.3 | 3.1 | 5.2 | 1.8 | 2.6 | (11.0) | 11.0 | 7.0 | 43.0 |
| Net Income | (46.3) | (259.7) | (36.4) | (20.4) | (14.1) | (29.6) | 9.1 | 86.4 | (9.9) | (4.4) | 324.9 | 16.5 | 2.3 | 53.9 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -0.21 | -1.20 | -0.13 | 0.01 | -0.06 | -0.13 | 0.04 | 0.37 | -0.05 | -0.02 | 1.53 | 0.07 | 0.01 | 0.22 |
| EPS (Diluted) | -0.21 | -1.20 | -0.13 | 0.01 | -0.06 | -0.13 | 0.04 | 0.37 | -0.05 | -0.02 | 1.53 | 0.07 | 0.01 | 0.22 |
| Shares Outstanding | 217.2 | 216.9 | 221.3 | 218.7 | 222.4 | 231.5 | 239.5 | 236.4 | 218.1 | 212.1 | 212.1 | 244.0 | 244.0 | 244.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 375.1 | 428.2 | 408.9 | 524.9 | 434.5 | 306.2 | 339.7 | 219.4 | 163.0 | 143.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 374.7 | 369.3 | 370.2 | 348.3 | 342.7 | 318.1 | 287.5 | 237.9 | 178.9 | 88.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | (16.9) | (9.9) | (0.1) | 0 |
| Other Current Assets | 180.4 | 81.4 | 40.9 | 4.8 | 53.0 | 191.4 | 0 | 0 | 376.1 | 41.8 |
| Total Current Assets | 930.1 | 878.9 | 820.0 | 878.0 | 830.2 | 815.7 | 652.9 | 488.3 | 718.0 | 274.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 6,996.6 | 7,099.7 | 7,457.0 | 7,841.5 | 7,600.6 | 7,500.4 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 50.5 | 68.0 | 90.4 | 119.4 | 153.5 | 203.2 | 270.4 | 352.2 | 412.2 | 511.2 |
| Long-Term Investments | 90.6 | 137.6 | 502.3 | 419.5 | 425.6 | 459.5 | 147.9 | 116.9 | 112.0 | 499.0 |
| Other Non-Current Assets | 6,800.3 | 6,921.8 | 7,040.6 | 7,077.6 | 148.1 | 156.1 | 7,684.7 | 7,960.3 | 22.8 | 6.7 |
| Total Non-Current Assets | 6,941.4 | 7,127.4 | 7,633.2 | 7,616.6 | 7,723.9 | 7,918.4 | 8,103.0 | 8,429.3 | 8,149.2 | 8,519.8 |
| Total Assets | 7,871.5 | 8,006.2 | 8,453.3 | 8,494.6 | 8,554.1 | 8,734.1 | 8,756.0 | 8,917.7 | 8,867.2 | 8,794.1 |
| Current Liabilities | ||||||||||
| Account Payables | 119.9 | 114.5 | 123.2 | 116.2 | 101.8 | 117.3 | 124.3 | 117.2 | 103.9 | 102.7 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 230 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | (3,566.9) | (1.1) | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 16.8 | 25.3 | 0 | 52.9 | 52.5 | (27.3) |
| Total Current Liabilities | 119.9 | 122.8 | 141.2 | 133.1 | 118.7 | 142.6 | 150.2 | 170.1 | 386.3 | 175.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,676.6 | 3,803.5 | 3,840.3 | 3,835.6 | 3,800.7 | 3,820.8 | 3,566.9 | 3,541.6 | 3,593.4 | 2,988.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 96.0 | 130.0 | 1.5 | 2.5 |
| Other Non-Current Liabilities | 65.5 | 65.0 | 61.0 | 70.8 | 118.9 | 139.8 | 147.2 | 183.8 | 208.8 | 346.1 |
| Total Non-Current Liabilities | 3,742.1 | 3,868.5 | 3,901.3 | 3,906.4 | 3,919.7 | 3,960.6 | 3,714.1 | 3,725.4 | 3,594.9 | 3,308.5 |
| Total Liabilities | 3,862.0 | 3,991.3 | 4,042.5 | 4,039.5 | 4,038.4 | 4,103.2 | 3,864.3 | 3,895.6 | 3,981.2 | 3,483.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.3 | 2.3 | 2.4 | 2.3 | 2.1 |
| Retained Earnings | (1,005.6) | (943.9) | (644.3) | (538.8) | 0 | 0 | (219.9) | (133.7) | (129.7) | (36.1) |
| Accumulated Other Comprehensive Income | 0.4 | 11.2 | 48.3 | 2.1 | (469.2) | (349.7) | 16.6 | 10.1 | 0.4 | (7.8) |
| Total Stockholders' Equity | 3,141.3 | 3,203.3 | 3,592.3 | 3,588.2 | 3,653.2 | 3,785.7 | 4,000.8 | 4,176.7 | 3,990.0 | 3,761.0 |
| Total Liabilities & Equity | 7,871.5 | 8,006.2 | 8,453.3 | 8,494.6 | 8,554.1 | 8,734.1 | 8,756.0 | 8,917.7 | 8,867.2 | 8,794.1 |
| Debt Metrics | ||||||||||
| Total Debt | 3,676.6 | 3,803.5 | 3,840.3 | 3,835.6 | 3,800.7 | 3,820.8 | 3,566.9 | 3,541.3 | 3,594.9 | 3,007.2 |
| Net Debt | 3,301.6 | 3,375.3 | 3,431.4 | 3,310.7 | 3,366.2 | 3,514.6 | 3,227.3 | 3,321.9 | 3,431.9 | 2,863.3 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 2.0 | (259.8) | (28.2) | 2.1 | (19.2) | (29.6) | 19.0 | 107.2 | 2.1 | 21.1 |
| Depreciation & Amortization | 239.5 | 250.6 | 232.5 | 232.5 | 235.9 | 248.3 | 258.2 | 266.0 | 269.4 | 294.6 |
| Stock-Based Compensation | (0.2) | 0 | 19.0 | 18.6 | 19.2 | 22.9 | 19.6 | 15.9 | 11.3 | 7.3 |
| Change in Working Capital | 12.3 | (14.5) | (28.4) | (46.1) | (9.2) | 28.6 | (90.6) | (15.7) | (20.7) | (170.3) |
| Other Non-Cash Items | 11.3 | 301.5 | 51.8 | 6.7 | 10.6 | (36.3) | (63.8) | (182.4) | (125.1) | (169.4) |
| Operating Cash Flow | 264.9 | 277.9 | 246.6 | 244.3 | 237.3 | 285.4 | 156.5 | 190.1 | 145.0 | (17.0) |
| Investing Activities | ||||||||||
| Capital Expenditure | 0 | (100.5) | (125.8) | (112.0) | 0 | 42.5 | 197.3 | 291.9 | (652.3) | (107.9) |
| Acquisitions | 0 | 47.0 | (15.8) | (11.8) | 36.9 | (366.8) | (33.7) | (29.6) | (1.8) | (261.5) |
| Purchases of Investments | 0 | (78.5) | (12.5) | (24.9) | (15.8) | (15.2) | (20.0) | (29.2) | (519.6) | (107.9) |
| Sales/Maturities of Investments | 11.8 | 38.9 | 60.5 | 45.2 | 22.2 | 53.0 | 24.8 | 27.3 | 15.3 | 12.4 |
| Other Investing Activities | (120.9) | (20) | (59) | (103.5) | (3.2) | (36.9) | (11.8) | 35.4 | 17.1 | 12.4 |
| Investing Cash Flow | (109.1) | (113.1) | (152.6) | (103.5) | 40.0 | (323.4) | 156.6 | 295.7 | (637.0) | (95.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (125) | (41.6) | 0 | 38.6 | (35.9) | 246.8 | 16.7 | (290.6) | 878.5 | 105.9 |
| Stock Repurchased | (0.2) | (2.1) | (63.4) | (0.2) | (120.3) | (97.1) | (102.9) | 0 | 0 | 0 |
| Dividends Paid | (22.8) | (52.7) | (73.0) | (67.5) | (98.1) | (103.1) | (105.1) | (100.8) | (100.5) | (85.5) |
| Other Financing Activities | 38.0 | (8.7) | (37.7) | (47.3) | 110.8 | (42.1) | (6.9) | (36.4) | (259.0) | (202.8) |
| Financing Cash Flow | (110.0) | (105.0) | (173.9) | (76.5) | (143.5) | 4.1 | (198.1) | (427.8) | 519.0 | (182.3) |
| Cash Position | ||||||||||
| Net Change in Cash | 45.8 | 59.8 | (79.8) | 64.3 | 133.8 | (33.9) | 115.0 | 58.1 | 19.1 | (294.7) |
| Cash at Beginning | 509.6 | 449.8 | 529.7 | 465.3 | 331.5 | 365.4 | 250.4 | 192.3 | 143.9 | 438.6 |
| Cash at End | 555.4 | 509.6 | 449.8 | 529.7 | 465.3 | 331.5 | 365.4 | 250.4 | 163.0 | 143.9 |
| Free Cash Flow | 264.9 | 177.3 | 120.8 | 132.3 | 237.3 | 327.9 | 353.8 | 482.0 | (507.2) | (124.8) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 757.5 | 742.8 | 740.4 | 726.8 | 714.2 | 769.2 | 759.0 | 719.0 | 683.3 | 662.4 | 419.9 | 58.7 | 54.3 | 57.0 |
| Gross Profit | 454.2 | 198.2 | 463.0 | 461.3 | 446.6 | 494.3 | 484.9 | 452.8 | 433.3 | 417.7 | 403.7 | 42.5 | 38.9 | 42.3 |
| Operating Income | 148.3 | 136.2 | 171.0 | 169.7 | 121.0 | 159.0 | 121.6 | 123.2 | 107.9 | 70.6 | 331.6 | 331.6 | 168.8 | 471.4 |
| Net Income | (46.3) | (259.7) | (36.4) | (20.4) | (14.1) | (29.6) | 9.1 | 86.4 | (9.9) | (4.4) | 324.9 | 16.5 | 2.3 | 53.9 |
| EPS (Diluted) | -0.21 | -1.20 | -0.13 | 0.01 | -0.06 | -0.13 | 0.04 | 0.37 | -0.05 | -0.02 | 1.53 | 0.07 | 0.01 | 0.22 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 375.1 | 428.2 | 408.9 | 524.9 | 434.5 | 306.2 | 339.7 | 219.4 | 163.0 | 143.9 | ||||
| Total Assets | 7,871.5 | 8,006.2 | 8,453.3 | 8,494.6 | 8,554.1 | 8,734.1 | 8,756.0 | 8,917.7 | 8,867.2 | 8,794.1 | ||||
| Total Debt | 3,676.6 | 3,803.5 | 3,840.3 | 3,835.6 | 3,800.7 | 3,820.8 | 3,566.9 | 3,541.3 | 3,594.9 | 3,007.2 | ||||
| Stockholders' Equity | 3,141.3 | 3,203.3 | 3,592.3 | 3,588.2 | 3,653.2 | 3,785.7 | 4,000.8 | 4,176.7 | 3,990.0 | 3,761.0 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 264.9 | 277.9 | 246.6 | 244.3 | 237.3 | 285.4 | 156.5 | 190.1 | 145.0 | (17.0) | ||||
| Capital Expenditure | 0 | (100.5) | (125.8) | (112.0) | 0 | 42.5 | 197.3 | 291.9 | (652.3) | (107.9) | ||||
| Free Cash Flow | 264.9 | 177.3 | 120.8 | 132.3 | 237.3 | 327.9 | 353.8 | 482.0 | (507.2) | (124.8) | ||||