BRIXMOR PROPERTY GROUP INC (BRX) Stock Fundamental Analysis
NYSE:BRX - New York Stock Exchange, Inc. - US11120U1051 - REIT
We assign a fundamental rating of 5 out of 10 to BRX. BRX was compared to 129 industry peers in the Diversified REITs industry. While BRX has a great profitability rating, there are quite some concerns on its financial health. BRX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
BRX had positive earnings in the past year.
BRX had a positive operating cash flow in the past year.
In the past 5 years BRX has always been profitable.
Each year in the past 5 years BRX had a positive operating cash flow.
1.2 Ratios
BRX has a better Return On Assets (4.76%) than 90.48% of its industry peers.
BRX has a Return On Equity of 14.47%. This is amongst the best in the industry. BRX outperforms 94.44% of its industry peers.
The Return On Invested Capital of BRX (5.96%) is better than 94.44% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BRX is in line with the industry average of 3.11%.
The 3 year average ROIC (4.66%) for BRX is below the current ROIC(5.96%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 14.47% | ||
| ROIC | 5.96% |
ROA(3y)3.68%
ROA(5y)3.17%
ROE(3y)10.97%
ROE(5y)9.48%
ROIC(3y)4.66%
ROIC(5y)4.38%
1.3 Margins
With a decent Profit Margin value of 26.15%, BRX is doing good in the industry, outperforming 79.37% of the companies in the same industry.
In the last couple of years the Profit Margin of BRX has declined.
BRX's Operating Margin of 37.34% is amongst the best of the industry. BRX outperforms 82.54% of its industry peers.
In the last couple of years the Operating Margin of BRX has remained more or less at the same level.
The Gross Margin of BRX (75.37%) is better than 72.22% of its industry peers.
BRX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.34% | ||
| PM (TTM) | 26.15% | ||
| GM | 75.37% |
OM growth 3Y3.63%
OM growth 5Y-1.01%
PM growth 3Y28.68%
PM growth 5Y-3.79%
GM growth 3Y0.43%
GM growth 5Y-0.08%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BRX is destroying value.
The number of shares outstanding for BRX remains at a similar level compared to 1 year ago.
The number of shares outstanding for BRX has been increased compared to 5 years ago.
The debt/assets ratio for BRX has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.13, we must say that BRX is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.13, BRX is in the better half of the industry, outperforming 79.37% of the companies in the same industry.
The Debt to FCF ratio of BRX is 30.27, which is on the high side as it means it would take BRX, 30.27 years of fcf income to pay off all of its debts.
BRX's Debt to FCF ratio of 30.27 is fine compared to the rest of the industry. BRX outperforms 60.32% of its industry peers.
A Debt/Equity ratio of 1.85 is on the high side and indicates that BRX has dependencies on debt financing.
BRX has a worse Debt to Equity ratio (1.85) than 72.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 30.27 | ||
| Altman-Z | 1.13 |
ROIC/WACC0.87
WACC6.82%
2.3 Liquidity
BRX has a Current Ratio of 0.83. This is a bad value and indicates that BRX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.83, BRX is not doing good in the industry: 65.87% of the companies in the same industry are doing better.
BRX has a Quick Ratio of 0.83. 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 0.83, BRX is doing worse than 62.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
The earnings per share for BRX have decreased by -3.57% in the last year.
Measured over the past years, BRX shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.55% on average per year.
BRX shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.80%.
Measured over the past years, BRX shows a small growth in Revenue. The Revenue has been growing by 0.17% on average per year.
EPS 1Y (TTM)-3.57%
EPS 3Y36.17%
EPS 5Y-3.55%
EPS Q2Q%52.38%
Revenue 1Y (TTM)28.8%
Revenue growth 3Y5.73%
Revenue growth 5Y0.17%
Sales Q2Q%4.35%
3.2 Future
The Earnings Per Share is expected to grow by 1.55% on average over the next years.
BRX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.27% yearly.
EPS Next Y5%
EPS Next 2Y-0.84%
EPS Next 3Y1.38%
EPS Next 5Y1.55%
Revenue Next Year3.44%
Revenue Next 2Y4.04%
Revenue Next 3Y4.27%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 24.31, which indicates a rather expensive current valuation of BRX.
Based on the Price/Earnings ratio, BRX is valued a bit cheaper than 75.40% of the companies in the same industry.
BRX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.29.
With a Price/Forward Earnings ratio of 26.44, BRX can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, BRX is valued cheaply inside the industry as 81.75% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, BRX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.31 | ||
| Fwd PE | 26.44 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BRX.
BRX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.97 | ||
| EV/EBITDA | 13.34 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BRX does not grow enough to justify the current Price/Earnings ratio.
BRX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.86
PEG (5Y)N/A
EPS Next 2Y-0.84%
EPS Next 3Y1.38%
5. Dividend
5.1 Amount
BRX has a Yearly Dividend Yield of 4.33%, which is a nice return.
Compared to an average industry Dividend Yield of 18.51, BRX has a dividend in line with its industry peers.
BRX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.33% |
5.2 History
The dividend of BRX decreases each year by -1.03%.
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)-1.03%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
BRX pays out 78.47% of its income as dividend. This is not a sustainable payout ratio.
DP78.47%
EPS Next 2Y-0.84%
EPS Next 3Y1.38%
BRIXMOR PROPERTY GROUP INC
NYSE:BRX (1/21/2025, 8:04:01 PM)
After market: 26.27 +0.01 (+0.04%)26.26
-0.05 (-0.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners99.97%
Inst Owner Change0.05%
Ins Owners0.37%
Ins Owner Change0.34%
Market Cap7.93B
Analysts77.14
Price Target32.63 (24.26%)
Short Float %2.17%
Short Ratio3.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.33% |
Yearly Dividend1.05
Dividend Growth(5Y)-1.03%
DP78.47%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.13%
Min EPS beat(2)5.31%
Max EPS beat(2)44.96%
EPS beat(4)4
Avg EPS beat(4)26.44%
Min EPS beat(4)5.31%
Max EPS beat(4)44.96%
EPS beat(8)7
Avg EPS beat(8)31.02%
EPS beat(12)11
Avg EPS beat(12)33.37%
EPS beat(16)15
Avg EPS beat(16)39.37%
Revenue beat(2)0
Avg Revenue beat(2)-1.3%
Min Revenue beat(2)-1.79%
Max Revenue beat(2)-0.81%
Revenue beat(4)2
Avg Revenue beat(4)-0.4%
Min Revenue beat(4)-1.79%
Max Revenue beat(4)0.59%
Revenue beat(8)3
Avg Revenue beat(8)-0.56%
Revenue beat(12)6
Avg Revenue beat(12)0.17%
Revenue beat(16)10
Avg Revenue beat(16)0.83%
PT rev (1m)2.64%
PT rev (3m)10.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.81%
EPS NY rev (1m)0%
EPS NY rev (3m)8.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.71%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.31 | ||
| Fwd PE | 26.44 | ||
| P/S | 4.98 | ||
| P/FCF | 44.97 | ||
| P/OCF | 13.12 | ||
| P/B | 2.75 | ||
| P/tB | 2.75 | ||
| EV/EBITDA | 13.34 |
EPS(TTM)1.08
EY4.11%
EPS(NY)0.99
Fwd EY3.78%
FCF(TTM)0.58
FCFY2.22%
OCF(TTM)2
OCFY7.62%
SpS5.27
BVpS9.54
TBVpS9.54
PEG (NY)4.86
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 14.47% | ||
| ROCE | 7.54% | ||
| ROIC | 5.96% | ||
| ROICexc | 6.32% | ||
| ROICexgc | 6.34% | ||
| OM | 37.34% | ||
| PM (TTM) | 26.15% | ||
| GM | 75.37% | ||
| FCFM | 11.07% |
ROA(3y)3.68%
ROA(5y)3.17%
ROE(3y)10.97%
ROE(5y)9.48%
ROIC(3y)4.66%
ROIC(5y)4.38%
ROICexc(3y)4.73%
ROICexc(5y)4.45%
ROICexgc(3y)4.74%
ROICexgc(5y)4.47%
ROCE(3y)5.9%
ROCE(5y)5.54%
ROICexcg growth 3Y9.49%
ROICexcg growth 5Y1.57%
ROICexc growth 3Y9.47%
ROICexc growth 5Y1.6%
OM growth 3Y3.63%
OM growth 5Y-1.01%
PM growth 3Y28.68%
PM growth 5Y-3.79%
GM growth 3Y0.43%
GM growth 5Y-0.08%
F-Score6
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 30.27 | ||
| Debt/EBITDA | 5.55 | ||
| Cap/Depr | 116.56% | ||
| Cap/Sales | 26.89% | ||
| Interest Coverage | 3.06 | ||
| Cash Conversion | 62.84% | ||
| Profit Quality | 42.33% | ||
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 1.13 |
F-Score6
WACC6.82%
ROIC/WACC0.87
Cap/Depr(3y)161.33%
Cap/Depr(5y)142.54%
Cap/Sales(3y)45.97%
Cap/Sales(5y)41.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.57%
EPS 3Y36.17%
EPS 5Y-3.55%
EPS Q2Q%52.38%
EPS Next Y5%
EPS Next 2Y-0.84%
EPS Next 3Y1.38%
EPS Next 5Y1.55%
Revenue 1Y (TTM)28.8%
Revenue growth 3Y5.73%
Revenue growth 5Y0.17%
Sales Q2Q%4.35%
Revenue Next Year3.44%
Revenue Next 2Y4.04%
Revenue Next 3Y4.27%
Revenue Next 5YN/A
EBIT growth 1Y35.79%
EBIT growth 3Y9.57%
EBIT growth 5Y-0.84%
EBIT Next Year91.51%
EBIT Next 3Y28.51%
EBIT Next 5Y21.84%
FCF growth 1Y148.65%
FCF growth 3Y15.93%
FCF growth 5Y-1.14%
OCF growth 1Y6.39%
OCF growth 3Y9.94%
OCF growth 5Y1.68%