Stock SKT TANGER INC.
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Financials Tanger Inc.

Equities

SKT

US8754651060

Commercial REITs

Real-time Estimate Cboe BZX
Other stock markets
 10:42:02 06/05/2024 pm IST 		5-day change 1st Jan Change
27.34 USD -0.46% Intraday chart for Tanger Inc. -4.79% -1.73%
03/05 North American Morning Briefing : Apple, Amgen -2- DJ
02/05 Compass Point Upgrades Tanger Factory Outlet Centers to Buy From Neutral, Price Target is $32 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,368 930.8 2,005 1,872 2,985 3,003 - -
Enterprise Value (EV) 1 2,921 2,414 3,241 3,036 4,402 4,460 4,416 4,394
P/E ratio 15.8 x -24.9 x 241 x 23.3 x 30.1 x 35.1 x 31.7 x -
Yield 9.61% 7.15% 3.71% 4.47% 3.5% 3.98% 4.07% 4.45%
Capitalization / Revenue 2.86 x 2.39 x 4.7 x 4.23 x 6.43 x 6.08 x 5.85 x 5.52 x
EV / Revenue 6.11 x 6.19 x 7.6 x 6.86 x 9.48 x 9.03 x 8.6 x 8.08 x
EV / EBITDA 10.9 x 11.5 x 13.9 x 12.7 x 17.6 x 15.7 x 14.5 x 14.1 x
EV / FCF - 14.8 x 19.1 x 23.5 x - 68.2 x 61.2 x -
FCF Yield - 6.75% 5.23% 4.26% - 1.47% 1.63% -
Price to Book 3.16 x 2.85 x 4.31 x 4.03 x 5.44 x 5.68 x 5.8 x -
Nbr of stocks (in thousands) 92,893 93,453 1,03,985 1,04,347 1,07,683 1,09,353 - -
Reference price 2 14.73 9.960 19.28 17.94 27.72 27.46 27.46 27.46
Announcement Date 27/01/20 17/02/21 17/02/22 21/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 478.3 390 426.5 442.6 464.4 494 513.7 543.9
EBITDA 1 266.8 209.8 233.6 238.3 249.7 284.8 303.6 312.6
EBIT 1 143.5 20.75 110 115.2 133.8 127.9 151.8 135.5
Operating Margin 30% 5.32% 25.78% 26.04% 28.82% 25.89% 29.54% 24.92%
Earnings before Tax (EBT) 1 92.73 -36.28 9.558 85.83 103.9 88.08 99.43 -
Net income 1 86.52 -36.97 8.314 81.19 97.96 88.45 98.73 -
Net margin 18.09% -9.48% 1.95% 18.34% 21.09% 17.91% 19.22% -
EPS 2 0.9300 -0.4000 0.0800 0.7700 0.9200 0.7828 0.8653 -
Free Cash Flow 1 - 162.9 169.4 129.2 - 65.4 72.14 -
FCF margin - 41.76% 39.71% 29.19% - 13.24% 14.04% -
FCF Conversion (EBITDA) - 77.62% 72.5% 54.21% - 22.96% 23.76% -
FCF Conversion (Net income) - - 2,037.02% 159.13% - 73.94% 73.06% -
Dividend per Share 2 1.415 0.7125 0.7150 0.8025 0.9700 1.094 1.119 1.223
Announcement Date 27/01/20 17/02/21 17/02/22 21/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 112.1 108.9 105.8 111.4 116.5 108.9 110.6 117.3 127.5 123.4 122.5 125 128.1 125.2 126.3
EBITDA 1 59.64 59.34 58.64 60.09 60.33 59.53 60.38 63.54 66.27 72.54 72.8 73.88 75.05 73.34 77.8
EBIT 1 29.42 30.4 27.59 32.56 24.69 32.47 33.24 36.28 31.86 34.56 41.03 40.09 39.14 - -
Operating Margin 26.24% 27.92% 26.07% 29.21% 21.2% 29.8% 30.04% 30.91% 24.99% 28.01% 33.5% 32.07% 30.55% - -
Earnings before Tax (EBT) 1 13.69 - 20.82 - 19.2 24.86 25.3 - - 23.31 23.65 24.23 24.17 - -
Net income 1 12.98 20.3 19.68 23.04 18.14 23.34 23.94 27.21 23.45 22.18 22.59 23.62 24.71 22 25.79
Net margin 11.58% 18.65% 18.6% 20.68% 15.57% 21.43% 21.64% 23.19% 18.4% 17.98% 18.44% 18.89% 19.29% 17.57% 20.42%
EPS 2 0.1200 0.1900 0.1900 0.2200 0.1700 0.2200 0.2300 0.2600 0.2200 0.2000 0.1911 0.1988 0.2073 0.2000 0.2300
Dividend per Share 2 0.1825 0.2000 0.2000 0.2200 0.2200 0.2200 0.2450 0.2600 0.2600 - 0.2767 0.2767 0.2800 0.2750 0.2800
Announcement Date 17/02/22 05/05/22 08/08/22 02/11/22 21/02/23 27/04/23 03/08/23 06/11/23 15/02/24 30/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,553 1,483 1,236 1,164 1,417 1,458 1,414 1,392
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.821 x 7.067 x 5.29 x 4.883 x 5.676 x 5.117 x 4.656 x 4.451 x
Free Cash Flow 1 - 163 169 129 - 65.4 72.1 -
ROE (net income / shareholders' equity) 27.2% -9.55% 2.03% 16.7% 18.5% 14.2% 17.9% 24.3%
ROA (Net income/ Total Assets) 5.32% -1.65% 0.38% 3.58% 4.31% 3.3% 3.8% -
Assets 1 1,628 2,237 2,174 2,269 2,271 2,681 2,600 -
Book Value Per Share 2 4.660 3.500 4.480 4.450 5.090 4.830 4.740 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 27/01/20 17/02/21 17/02/22 21/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Tanger Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
27.46 USD
Average target price
29.29 USD
Spread / Average Target
+6.65%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Retail REITs
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