BRIXMOR PROPERTY GROUP INC (BRX) Stock Fundamental Analysis
NYSE:BRX - New York Stock Exchange, Inc. - US11120U1051 - REIT - Currency: USD
Overall BRX gets a fundamental rating of 4 out of 10. We evaluated BRX against 130 industry peers in the Diversified REITs industry. While BRX has a great profitability rating, there are quite some concerns on its financial health. While showing a medium growth rate, BRX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
BRX had positive earnings in the past year.
In the past year BRX had a positive cash flow from operations.
BRX had positive earnings in each of the past 5 years.
Each year in the past 5 years BRX had a positive operating cash flow.
1.2 Ratios
BRX has a better Return On Assets (4.80%) than 92.31% of its industry peers.
With an excellent Return On Equity value of 14.33%, BRX belongs to the best of the industry, outperforming 93.85% of the companies in the same industry.
BRX has a Return On Invested Capital of 6.39%. This is amongst the best in the industry. BRX outperforms 97.69% of its industry peers.
BRX had an Average Return On Invested Capital over the past 3 years of 4.88%. This is in line with the industry average of 3.20%.
The 3 year average ROIC (4.88%) for BRX is below the current ROIC(6.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.8% | ||
| ROE | 14.33% | ||
| ROIC | 6.39% |
ROA(3y)3.88%
ROA(5y)3.26%
ROE(3y)11.45%
ROE(5y)9.75%
ROIC(3y)4.88%
ROIC(5y)4.52%
1.3 Margins
The Profit Margin of BRX (26.63%) is better than 83.08% of its industry peers.
BRX's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 36.89%, BRX belongs to the best of the industry, outperforming 81.54% of the companies in the same industry.
BRX's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 75.35%, BRX is in the better half of the industry, outperforming 73.85% of the companies in the same industry.
BRX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.89% | ||
| PM (TTM) | 26.63% | ||
| GM | 75.35% |
OM growth 3Y-0.02%
OM growth 5Y-0.47%
PM growth 3Y4.08%
PM growth 5Y2.36%
GM growth 3Y0.52%
GM growth 5Y0.17%
2. Health
2.1 Basic Checks
BRX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BRX has more shares outstanding than it did 1 year ago.
BRX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BRX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.99, we must say that BRX is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BRX (0.99) is better than 76.15% of its industry peers.
BRX has a Debt/Equity ratio of 1.58. This is a high value indicating a heavy dependency on external financing.
BRX has a Debt to Equity ratio of 1.58. This is in the lower half of the industry: BRX underperforms 63.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC0.93
WACC6.84%
2.3 Liquidity
A Current Ratio of 0.42 indicates that BRX may have some problems paying its short term obligations.
BRX's Current ratio of 0.42 is on the low side compared to the rest of the industry. BRX is outperformed by 80.00% of its industry peers.
BRX has a Quick Ratio of 0.42. This is a bad value and indicates that BRX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.42, BRX is doing worse than 79.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.42 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.90% over the past year.
Measured over the past 5 years, BRX shows a small growth in Earnings Per Share. The EPS has been growing by 3.83% on average per year.
The Revenue has grown by 28.94% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 1.92% on average over the past years.
EPS 1Y (TTM)9.9%
EPS 3Y7.24%
EPS 5Y3.83%
EPS Q2Q%12.5%
Revenue 1Y (TTM)28.94%
Revenue growth 3Y3.7%
Revenue growth 5Y1.92%
Sales Q2Q%3.78%
3.2 Future
BRX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.47% yearly.
The Revenue is expected to grow by 4.79% on average over the next years.
EPS Next Y-17.99%
EPS Next 2Y-4.95%
EPS Next 3Y-1.59%
EPS Next 5Y-2.47%
Revenue Next Year4.56%
Revenue Next 2Y3.53%
Revenue Next 3Y5.05%
Revenue Next 5Y4.79%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BRX is valuated rather expensively with a Price/Earnings ratio of 23.01.
Compared to the rest of the industry, the Price/Earnings ratio of BRX indicates a somewhat cheap valuation: BRX is cheaper than 74.62% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of BRX to the average of the S&P500 Index (28.29), we can say BRX is valued inline with the index average.
A Price/Forward Earnings ratio of 28.06 indicates a quite expensive valuation of BRX.
BRX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BRX is cheaper than 77.69% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.08. BRX is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.01 | ||
| Fwd PE | 28.06 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BRX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.13 |
4.3 Compensation for Growth
BRX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)6.01
EPS Next 2Y-4.95%
EPS Next 3Y-1.59%
5. Dividend
5.1 Amount
BRX has a Yearly Dividend Yield of 4.50%, which is a nice return.
Compared to an average industry Dividend Yield of 28.61, BRX is paying slightly less dividend.
BRX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.5% |
5.2 History
The dividend of BRX decreases each year by -0.56%.
BRX has been paying a dividend for at least 10 years, so it has a reliable track record.
BRX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-0.56%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
BRX pays out 77.48% of its income as dividend. This is not a sustainable payout ratio.
BRX's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP77.48%
EPS Next 2Y-4.95%
EPS Next 3Y-1.59%
25.54
+0.46 (+1.83%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.31%
Inst Owner Change0%
Ins Owners0.39%
Ins Owner Change0.49%
Market Cap7.82B
Analysts80
Price Target32.3 (26.47%)
Short Float %3.73%
Short Ratio4.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.5% |
Yearly Dividend1.09
Dividend Growth(5Y)-0.56%
DP77.48%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)32.45%
Min EPS beat(2)19.95%
Max EPS beat(2)44.96%
EPS beat(4)4
Avg EPS beat(4)26.53%
Min EPS beat(4)5.31%
Max EPS beat(4)44.96%
EPS beat(8)7
Avg EPS beat(8)24.54%
EPS beat(12)11
Avg EPS beat(12)30.75%
EPS beat(16)15
Avg EPS beat(16)39.1%
Revenue beat(2)0
Avg Revenue beat(2)-0.71%
Min Revenue beat(2)-0.81%
Max Revenue beat(2)-0.6%
Revenue beat(4)1
Avg Revenue beat(4)-0.65%
Min Revenue beat(4)-1.79%
Max Revenue beat(4)0.59%
Revenue beat(8)3
Avg Revenue beat(8)-0.43%
Revenue beat(12)5
Avg Revenue beat(12)-0.06%
Revenue beat(16)9
Avg Revenue beat(16)0.68%
PT rev (1m)0.56%
PT rev (3m)-1.01%
EPS NQ rev (1m)0.23%
EPS NQ rev (3m)-7.29%
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-8.35%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.01 | ||
| Fwd PE | 28.06 | ||
| P/S | 4.87 | ||
| P/FCF | N/A | ||
| P/OCF | 12.51 | ||
| P/B | 2.62 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 13.13 |
EPS(TTM)1.11
EY4.35%
EPS(NY)0.91
Fwd EY3.56%
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)2.04
OCFY7.99%
SpS5.25
BVpS9.75
TBVpS9.75
PEG (NY)N/A
PEG (5Y)6.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.8% | ||
| ROE | 14.33% | ||
| ROCE | 8.08% | ||
| ROIC | 6.39% | ||
| ROICexc | 6.73% | ||
| ROICexgc | 6.75% | ||
| OM | 36.89% | ||
| PM (TTM) | 26.63% | ||
| GM | 75.35% | ||
| FCFM | N/A |
ROA(3y)3.88%
ROA(5y)3.26%
ROE(3y)11.45%
ROE(5y)9.75%
ROIC(3y)4.88%
ROIC(5y)4.52%
ROICexc(3y)4.98%
ROICexc(5y)4.66%
ROICexgc(3y)4.99%
ROICexgc(5y)4.67%
ROCE(3y)6.18%
ROCE(5y)5.73%
ROICexcg growth 3Y5.16%
ROICexcg growth 5Y4.28%
ROICexc growth 3Y5.16%
ROICexc growth 5Y4.27%
OM growth 3Y-0.02%
OM growth 5Y-0.47%
PM growth 3Y4.08%
PM growth 5Y2.36%
GM growth 3Y0.52%
GM growth 5Y0.17%
F-Score8
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.58 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.84 | ||
| Cap/Depr | 169.67% | ||
| Cap/Sales | 40.31% | ||
| Interest Coverage | 3.13 | ||
| Cash Conversion | 64.17% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.42 | ||
| Altman-Z | 0.99 |
F-Score8
WACC6.84%
ROIC/WACC0.93
Cap/Depr(3y)160.08%
Cap/Depr(5y)147.91%
Cap/Sales(3y)46.34%
Cap/Sales(5y)43.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.9%
EPS 3Y7.24%
EPS 5Y3.83%
EPS Q2Q%12.5%
EPS Next Y-17.99%
EPS Next 2Y-4.95%
EPS Next 3Y-1.59%
EPS Next 5Y-2.47%
Revenue 1Y (TTM)28.94%
Revenue growth 3Y3.7%
Revenue growth 5Y1.92%
Sales Q2Q%3.78%
Revenue Next Year4.56%
Revenue Next 2Y3.53%
Revenue Next 3Y5.05%
Revenue Next 5Y4.79%
EBIT growth 1Y32.86%
EBIT growth 3Y3.69%
EBIT growth 5Y1.45%
EBIT Next Year84.57%
EBIT Next 3Y26.81%
EBIT Next 5Y21.17%
FCF growth 1Y-109.29%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.1%
OCF growth 3Y4.2%
OCF growth 5Y3.39%