BRIGHTSPIRE CAPITAL INC (BRSP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BRSP - US10949T1097 - REIT
5.85 USD
+0.05 (+0.86%)
5.85 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to BRSP. BRSP was compared to 69 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. BRSP has only an average score on both its financial health and profitability. BRSP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year BRSP was profitable.
In the past year BRSP had a positive cash flow from operations.
In the past 5 years BRSP reported 4 times negative net income.
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 78.26% of the companies in the same industry.
BRSP's Return On Equity of -3.88% is on the low side compared to the rest of the industry. BRSP is outperformed by 73.91% of its industry peers.
BRSP has a better Return On Invested Capital (3.89%) than 94.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BRSP is in line with the industry average of 1.30%.
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's Operating Margin of 47.34% is amongst the best of the industry. BRSP outperforms 89.86% 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 94.20% of its industry peers.
BRSP's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BRSP 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.
BRSP has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.34, we must say that BRSP is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.34, BRSP perfoms like the industry average, outperforming 46.38% of the companies in the same industry.
The Debt to FCF ratio of BRSP is 26.31, which is on the high side as it means it would take BRSP, 26.31 years of fcf income to pay off all of its debts.
BRSP's Debt to FCF ratio of 26.31 is amongst the best of the industry. BRSP outperforms 88.41% 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.
BRSP's Debt to Equity ratio of 2.22 is fine compared to the rest of the industry. BRSP outperforms 78.26% of its industry peers.
| 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.
BRSP has a Current ratio of 1.15. This is amongst the best in the industry. BRSP outperforms 86.96% 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.
BRSP's Quick ratio of 1.15 is amongst the best of the industry. BRSP outperforms 86.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
BRSP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.66%.
Measured over the past years, BRSP shows a very strong growth in Earnings Per Share. The EPS has been growing by 37.65% on average per year.
The Revenue for BRSP has decreased by -13.35% in the past year. This is quite bad
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
The Earnings Per Share is expected to decrease by -7.28% on average over the next years.
BRSP is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.61% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
With a Price/Earnings ratio of 8.60, the valuation of BRSP can be described as very reasonable.
75.36% of the companies in the same industry are more expensive than BRSP, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BRSP to the average of the S&P500 Index (26.29), we can say BRSP is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.10, the valuation of BRSP can be described as very reasonable.
65.22% of the companies in the same industry are more expensive than BRSP, based on the Price/Forward Earnings ratio.
BRSP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.6 | ||
| Fwd PE | 8.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BRSP is valued cheaper than 97.10% of the companies in the same industry.
BRSP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BRSP is cheaper than 73.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.2 | ||
| EV/EBITDA | 14.47 |
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 11.31%, which is a nice return.
BRSP's Dividend Yield is comparable with the industry average which is at 12.09.
BRSP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.31% |
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
BRSP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
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
5.85
+0.05 (+0.86%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners70.53%
Inst Owner Change4.95%
Ins Owners2.16%
Ins Owner Change0%
Market Cap758.92M
Revenue(TTM)327.83M
Net Income(TTM)-37.93M
Analysts73.33
Price Target6.22 (6.32%)
Short Float %2.86%
Short Ratio5.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.31% |
Yearly Dividend0.76
Dividend Growth(5Y)-14.79%
DP-219.36%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)0.2%
EPS NQ rev (3m)2.02%
EPS NY rev (1m)0.3%
EPS NY rev (3m)3.47%
Revenue NQ rev (1m)-0.64%
Revenue NQ rev (3m)2.21%
Revenue NY rev (1m)1.47%
Revenue NY rev (3m)1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.6 | ||
| Fwd PE | 8.1 | ||
| P/S | 2.31 | ||
| P/FCF | 9.2 | ||
| P/OCF | 9.2 | ||
| P/B | 0.78 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 14.47 |
EPS(TTM)0.68
EY11.62%
EPS(NY)0.72
Fwd EY12.34%
FCF(TTM)0.64
FCFY10.87%
OCF(TTM)0.64
OCFY10.87%
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 of BRIGHTSPIRE CAPITAL INC (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.
How financially healthy is BRIGHTSPIRE CAPITAL INC?
The financial health rating of BRIGHTSPIRE CAPITAL INC (BRSP) is 5 / 10.
What is the expected EPS growth for BRIGHTSPIRE CAPITAL INC (BRSP) stock?
The Earnings per Share (EPS) of BRIGHTSPIRE CAPITAL INC (BRSP) is expected to decline by -17.91% in the next year.