BRIGHTSPIRE CAPITAL INC (BRSP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BRSP - US10949T1097 - REIT
5.87 USD
-0.01 (-0.17%)
5.87 USD
0 (0%)
Overall BRSP gets a fundamental rating of 4 out of 10. We evaluated BRSP against 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and the financial health of BRSP get a neutral evaluation. Nothing too spectacular is happening here. BRSP has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year BRSP was profitable.
BRSP had a positive operating cash flow in the past year.
BRSP had negative earnings in 4 of the past 5 years.
Of the past 5 years BRSP 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.15%, BRSP is doing worse than 77.94% of the companies in the same industry.
BRSP has a Return On Equity of -3.88%. This is in the lower half of the industry: BRSP underperforms 73.53% of its industry peers.
With an excellent Return On Invested Capital value of 3.89%, BRSP belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BRSP is in line with the industry average of 1.28%.
The 3 year average ROIC (3.24%) for BRSP is below the current ROIC(3.89%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.15% | ||
| ROE | -3.88% | ||
| ROIC | 3.89% |
ROA(3y)-0.98%
ROA(5y)-2.09%
ROE(3y)-3.5%
ROE(5y)-7.73%
ROIC(3y)3.24%
ROIC(5y)N/A
1.3 Margins
BRSP has a Operating Margin of 47.34%. This is amongst the best in the industry. BRSP outperforms 89.71% of its industry peers.
In the last couple of years the Operating Margin of BRSP has grown nicely.
BRSP's Gross Margin of 83.39% is amongst the best of the industry. BRSP outperforms 94.12% of its industry peers.
In the last couple of years the Gross Margin of BRSP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 47.34% | ||
| PM (TTM) | N/A | ||
| GM | 83.39% |
OM growth 3Y-28.23%
OM growth 5Y31.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.22%
GM growth 5Y5.19%
2. Health
2.1 Basic Checks
BRSP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BRSP has been reduced compared to 1 year ago.
The number of shares outstanding for BRSP has been increased compared to 5 years ago.
The debt/assets ratio for BRSP is higher compared to a year ago.
2.2 Solvency
BRSP has an Altman-Z score of -0.34. This is a bad value and indicates that BRSP is not financially healthy and even has some risk of bankruptcy.
BRSP has a Altman-Z score (-0.34) which is comparable to the rest of the industry.
BRSP has a debt to FCF ratio of 26.31. This is a negative value and a sign of low solvency as BRSP would need 26.31 years to pay back of all of its debts.
The Debt to FCF ratio of BRSP (26.31) is better than 88.24% of its industry peers.
A Debt/Equity ratio of 2.22 is on the high side and indicates that BRSP has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.22, BRSP is in the better half of the industry, outperforming 79.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 26.31 | ||
| Altman-Z | -0.34 |
ROIC/WACC0.6
WACC6.49%
2.3 Liquidity
A Current Ratio of 1.15 indicates that BRSP should not have too much problems paying its short term obligations.
The Current ratio of BRSP (1.15) is better than 88.24% of its industry peers.
BRSP has a Quick Ratio of 1.15. This is a normal value and indicates that BRSP is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.15, BRSP belongs to the best of the industry, outperforming 88.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The earnings per share for BRSP have decreased strongly by -27.66% in the last year.
The Earnings Per Share has been growing by 37.65% on average over the past years. This is a very strong growth
BRSP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.35%.
The Revenue has been decreasing by -8.29% on average over the past years.
EPS 1Y (TTM)-27.66%
EPS 3Y25.01%
EPS 5Y37.65%
EPS Q2Q%-23.81%
Revenue 1Y (TTM)-13.35%
Revenue growth 3Y-0.36%
Revenue growth 5Y-8.29%
Sales Q2Q%-15.44%
3.2 Future
BRSP is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.28% yearly.
Based on estimates for the next years, BRSP will show a very negative growth in Revenue. The Revenue will decrease by -13.61% on average per year.
EPS Next Y-17.91%
EPS Next 2Y-7.28%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-28.53%
Revenue Next 2Y-13.61%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.63, which indicates a very decent valuation of BRSP.
77.94% of the companies in the same industry are more expensive than BRSP, based on the Price/Earnings ratio.
BRSP is valuated cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.13, the valuation of BRSP can be described as reasonable.
67.65% of the companies in the same industry are more expensive than BRSP, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of BRSP to the average of the S&P500 Index (23.92), we can say BRSP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.63 | ||
| Fwd PE | 8.13 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BRSP indicates a rather cheap valuation: BRSP is cheaper than 97.06% of the companies listed in the same industry.
73.53% of the companies in the same industry are more expensive than BRSP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.23 | ||
| EV/EBITDA | 14.49 |
4.3 Compensation for Growth
A cheap valuation may be justified as BRSP's earnings are expected to decrease with -7.28% in the coming years.
PEG (NY)N/A
PEG (5Y)0.23
EPS Next 2Y-7.28%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BRSP has a Yearly Dividend Yield of 10.88%, which is a nice return.
BRSP's Dividend Yield is comparable with the industry average which is at 10.90.
BRSP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.88% |
5.2 History
The dividend of BRSP decreases each year by -14.79%.
BRSP has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-14.79%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of BRSP are negative and hence is the payout ratio. BRSP will probably not be able to sustain this dividend level.
The Dividend Rate of BRSP has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-219.36%
EPS Next 2Y-7.28%
EPS Next 3YN/A
5.87
-0.01 (-0.17%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners70.55%
Inst Owner Change0.05%
Ins Owners2.16%
Ins Owner Change0%
Market Cap761.52M
Revenue(TTM)327.83M
Net Income(TTM)-37.93M
Analysts73.85
Price Target6.22 (5.96%)
Short Float %3.32%
Short Ratio5.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.88% |
Yearly Dividend0.76
Dividend Growth(5Y)-14.79%
DP-219.36%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.27%
Min EPS beat(2)-8.8%
Max EPS beat(2)13.33%
EPS beat(4)1
Avg EPS beat(4)-0.66%
Min EPS beat(4)-8.8%
Max EPS beat(4)13.33%
EPS beat(8)4
Avg EPS beat(8)5.17%
EPS beat(12)8
Avg EPS beat(12)7.45%
EPS beat(16)10
Avg EPS beat(16)5.89%
Revenue beat(2)1
Avg Revenue beat(2)1.33%
Min Revenue beat(2)-2.3%
Max Revenue beat(2)4.97%
Revenue beat(4)1
Avg Revenue beat(4)-5.46%
Min Revenue beat(4)-12.93%
Max Revenue beat(4)4.97%
Revenue beat(8)2
Avg Revenue beat(8)-5.97%
Revenue beat(12)4
Avg Revenue beat(12)13.49%
Revenue beat(16)8
Avg Revenue beat(16)74.91%
PT rev (1m)0%
PT rev (3m)-4.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.02%
EPS NY rev (1m)0%
EPS NY rev (3m)1.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.63 | ||
| Fwd PE | 8.13 | ||
| P/S | 2.32 | ||
| P/FCF | 9.23 | ||
| P/OCF | 9.23 | ||
| P/B | 0.78 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 14.49 |
EPS(TTM)0.68
EY11.58%
EPS(NY)0.72
Fwd EY12.3%
FCF(TTM)0.64
FCFY10.83%
OCF(TTM)0.64
OCFY10.83%
SpS2.53
BVpS7.53
TBVpS7.33
PEG (NY)N/A
PEG (5Y)0.23
Graham Number10.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.15% | ||
| ROE | -3.88% | ||
| ROCE | 4.93% | ||
| ROIC | 3.89% | ||
| ROICexc | 4.04% | ||
| ROICexgc | 4.07% | ||
| OM | 47.34% | ||
| PM (TTM) | N/A | ||
| GM | 83.39% | ||
| FCFM | 25.17% |
ROA(3y)-0.98%
ROA(5y)-2.09%
ROE(3y)-3.5%
ROE(5y)-7.73%
ROIC(3y)3.24%
ROIC(5y)N/A
ROICexc(3y)3.49%
ROICexc(5y)N/A
ROICexgc(3y)3.53%
ROICexgc(5y)N/A
ROCE(3y)4.1%
ROCE(5y)N/A
ROICexgc growth 3Y-14.53%
ROICexgc growth 5Y43.03%
ROICexc growth 3Y-14.56%
ROICexc growth 5Y43.06%
OM growth 3Y-28.23%
OM growth 5Y31.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.22%
GM growth 5Y5.19%
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 26.31 | ||
| Debt/EBITDA | 11.15 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 42.4% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | -0.34 |
F-Score5
WACC6.49%
ROIC/WACC0.6
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-27.66%
EPS 3Y25.01%
EPS 5Y37.65%
EPS Q2Q%-23.81%
EPS Next Y-17.91%
EPS Next 2Y-7.28%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.35%
Revenue growth 3Y-0.36%
Revenue growth 5Y-8.29%
Sales Q2Q%-15.44%
Revenue Next Year-28.53%
Revenue Next 2Y-13.61%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y33.01%
EBIT growth 3Y-28.49%
EBIT growth 5Y20.64%
EBIT Next Year1924.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-40%
FCF growth 3YN/A
FCF growth 5Y-5.5%
OCF growth 1Y-40%
OCF growth 3YN/A
OCF growth 5Y-5.5%
BRIGHTSPIRE CAPITAL INC / BRSP FAQ
What is the fundamental rating for BRSP stock?
ChartMill assigns a fundamental rating of 4 / 10 to BRSP.
What is the valuation status for BRSP stock?
ChartMill assigns a valuation rating of 6 / 10 to BRIGHTSPIRE CAPITAL INC (BRSP). This can be considered as Fairly Valued.
What is the profitability of BRSP stock?
BRIGHTSPIRE CAPITAL INC (BRSP) has a profitability rating of 5 / 10.
What is the valuation of BRIGHTSPIRE CAPITAL INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for BRIGHTSPIRE CAPITAL INC (BRSP) is 8.63 and the Price/Book (PB) ratio is 0.78.
What is the financial health of BRIGHTSPIRE CAPITAL INC (BRSP) stock?
The financial health rating of BRIGHTSPIRE CAPITAL INC (BRSP) is 5 / 10.