BRIGHTSPIRE CAPITAL INC (BRSP) Stock Fundamental Analysis
USA - NYSE:BRSP - US10949T1097 - REIT
5.31 USD
-0.07 (-1.3%)
5.2559 USD
-0.05 (-1.02%)
BRSP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 66 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. BRSP has an average financial health and profitability rating. BRSP has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year BRSP was profitable.
BRSP had a positive operating cash flow in the past year.
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 -0.73%, BRSP is doing worse than 74.24% of the companies in the same industry.
BRSP's Return On Equity of -2.49% is on the low side compared to the rest of the industry. BRSP is outperformed by 68.18% of its industry peers.
BRSP has a better Return On Invested Capital (4.38%) than 93.94% 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 1.28%.
The 3 year average ROIC (3.24%) for BRSP is below the current ROIC(4.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.73% | ||
| ROE | -2.49% | ||
| ROIC | 4.38% |
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 52.74%. This is amongst the best in the industry. BRSP outperforms 90.91% of its industry peers.
BRSP's Operating Margin has improved in the last couple of years.
BRSP's Gross Margin of 87.15% is amongst the best of the industry. BRSP outperforms 95.45% of its industry peers.
In the last couple of years the Gross Margin of BRSP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.74% | ||
| PM (TTM) | N/A | ||
| GM | 87.15% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BRSP is destroying value.
BRSP has less shares outstanding than it did 1 year ago.
BRSP has more shares outstanding than it did 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.
The Altman-Z score of BRSP (-0.34) is comparable to the rest of the industry.
The Debt to FCF ratio of BRSP is 26.88, which is on the high side as it means it would take BRSP, 26.88 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BRSP (26.88) is better than 84.85% of its industry peers.
BRSP has a Debt/Equity ratio of 2.16. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.16, BRSP belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.16 | ||
| Debt/FCF | 26.88 | ||
| Altman-Z | -0.34 |
ROIC/WACC0.67
WACC6.5%
2.3 Liquidity
A Current Ratio of 0.89 indicates that BRSP may have some problems paying its short term obligations.
BRSP has a Current ratio of 0.89. This is in the better half of the industry: BRSP outperforms 68.18% of its industry peers.
BRSP has a Quick Ratio of 0.89. This is a bad value and indicates that BRSP is not financially healthy enough and could expect problems in meeting its short term obligations.
BRSP's Quick ratio of 0.89 is fine compared to the rest of the industry. BRSP outperforms 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
BRSP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.72%.
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 -15.56% in the past year. This is quite bad
Measured over the past years, BRSP shows a decrease in Revenue. The Revenue has been decreasing by -8.29% on average per year.
EPS 1Y (TTM)-27.72%
EPS 3Y25.01%
EPS 5Y37.65%
EPS Q2Q%-18.18%
Revenue 1Y (TTM)-15.56%
Revenue growth 3Y-0.36%
Revenue growth 5Y-8.29%
Sales Q2Q%-33.76%
3.2 Future
BRSP is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.94% yearly.
BRSP is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.20% yearly.
EPS Next Y-18.85%
EPS Next 2Y-7.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-29.41%
Revenue Next 2Y-13.2%
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
BRSP is valuated cheaply with a Price/Earnings ratio of 7.27.
Based on the Price/Earnings ratio, BRSP is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
BRSP is valuated cheaply when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
BRSP is valuated cheaply with a Price/Forward Earnings ratio of 7.46.
Based on the Price/Forward Earnings ratio, BRSP is valued a bit cheaper than 75.76% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BRSP to the average of the S&P500 Index (23.33), we can say BRSP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.27 | ||
| Fwd PE | 7.46 |
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 98.48% of the companies listed in the same industry.
77.27% 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 | 8.23 | ||
| EV/EBITDA | 12.89 |
4.3 Compensation for Growth
A cheap valuation may be justified as BRSP's earnings are expected to decrease with -7.94% in the coming years.
PEG (NY)N/A
PEG (5Y)0.19
EPS Next 2Y-7.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 12.36%, BRSP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 13.04, BRSP has a dividend in line with its industry peers.
BRSP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.36% |
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.
BRSP's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-357.33%
EPS Next 2Y-7.94%
EPS Next 3YN/A
5.31
-0.07 (-1.3%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners68.02%
Inst Owner Change0%
Ins Owners2.15%
Ins Owner Change2.93%
Market Cap690.25M
Revenue(TTM)331.54M
Net Income(TTM)-24789000
Analysts73.85
Price Target6.55 (23.35%)
Short Float %2.71%
Short Ratio4.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.36% |
Yearly Dividend0.76
Dividend Growth(5Y)-14.79%
DP-357.33%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.41%
Min EPS beat(2)-4.52%
Max EPS beat(2)13.33%
EPS beat(4)2
Avg EPS beat(4)2.94%
Min EPS beat(4)-4.52%
Max EPS beat(4)13.33%
EPS beat(8)5
Avg EPS beat(8)9.85%
EPS beat(12)8
Avg EPS beat(12)8.15%
EPS beat(16)11
Avg EPS beat(16)7.66%
Revenue beat(2)0
Avg Revenue beat(2)-6.95%
Min Revenue beat(2)-11.59%
Max Revenue beat(2)-2.3%
Revenue beat(4)0
Avg Revenue beat(4)-10.53%
Min Revenue beat(4)-15.28%
Max Revenue beat(4)-2.3%
Revenue beat(8)2
Avg Revenue beat(8)-5.74%
Revenue beat(12)4
Avg Revenue beat(12)29.23%
Revenue beat(16)8
Avg Revenue beat(16)89.53%
PT rev (1m)0%
PT rev (3m)1.32%
EPS NQ rev (1m)1.18%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)2.3%
EPS NY rev (3m)4.15%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-5.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.27 | ||
| Fwd PE | 7.46 | ||
| P/S | 2.08 | ||
| P/FCF | 8.23 | ||
| P/OCF | 8.23 | ||
| P/B | 0.69 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | 12.89 |
EPS(TTM)0.73
EY13.75%
EPS(NY)0.71
Fwd EY13.41%
FCF(TTM)0.65
FCFY12.16%
OCF(TTM)0.65
OCFY12.16%
SpS2.55
BVpS7.65
TBVpS7.46
PEG (NY)N/A
PEG (5Y)0.19
Graham Number11.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.73% | ||
| ROE | -2.49% | ||
| ROCE | 5.54% | ||
| ROIC | 4.38% | ||
| ROICexc | 4.6% | ||
| ROICexgc | 4.73% | ||
| OM | 52.74% | ||
| PM (TTM) | N/A | ||
| GM | 87.15% | ||
| FCFM | 25.31% |
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 | 2.16 | ||
| Debt/FCF | 26.88 | ||
| Debt/EBITDA | 9.91 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 38.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | -0.34 |
F-Score5
WACC6.5%
ROIC/WACC0.67
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)-27.72%
EPS 3Y25.01%
EPS 5Y37.65%
EPS Q2Q%-18.18%
EPS Next Y-18.85%
EPS Next 2Y-7.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.56%
Revenue growth 3Y-0.36%
Revenue growth 5Y-8.29%
Sales Q2Q%-33.76%
Revenue Next Year-29.41%
Revenue Next 2Y-13.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y42.85%
EBIT growth 3Y-28.49%
EBIT growth 5Y20.64%
EBIT Next Year1924.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-37.15%
FCF growth 3YN/A
FCF growth 5Y-5.5%
OCF growth 1Y-37.15%
OCF growth 3YN/A
OCF growth 5Y-5.5%