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 129 industry peers in the Diversified REITs industry. BRX scores excellent on profitability, but there are 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.
BRX had a positive operating cash flow in the past year.
In the past 5 years BRX has always been profitable.
In the past 5 years BRX always reported a positive cash flow from operatings.
1.2 Ratios
BRX has a better Return On Assets (4.80%) than 92.86% of its industry peers.
BRX's Return On Equity of 14.33% is amongst the best of the industry. BRX outperforms 95.24% of its industry peers.
BRX's Return On Invested Capital of 6.39% is amongst the best of the industry. BRX outperforms 96.83% 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 3.14%.
The last Return On Invested Capital (6.39%) for BRX is above the 3 year average (4.88%), which is a sign of increasing profitability.
| 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
With an excellent Profit Margin value of 26.63%, BRX belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
In the last couple of years the Profit Margin of BRX has grown nicely.
The Operating Margin of BRX (36.89%) is better than 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.
BRX has a better Gross Margin (75.35%) than 73.02% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BRX is destroying value.
BRX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BRX has more shares outstanding
Compared to 1 year ago, BRX has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.07, we must say that BRX is in the distress zone and has some risk of bankruptcy.
BRX has a better Altman-Z score (1.07) than 76.19% 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's Debt to Equity ratio of 1.58 is on the low side compared to the rest of the industry. BRX is outperformed by 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.07 |
ROIC/WACC0.96
WACC6.67%
2.3 Liquidity
BRX has a Current 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.
BRX has a worse Current ratio (0.42) than 86.51% 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 84.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.42 |
3. Growth
3.1 Past
BRX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.90%, which is quite good.
The Earnings Per Share has been growing slightly by 3.83% on average over the past years.
Looking at the last year, BRX shows a very strong growth in Revenue. The Revenue has grown by 28.94%.
Measured over the past years, BRX shows a small growth in Revenue. The Revenue has been growing by 1.92% on average per year.
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 -0.91% yearly.
The Revenue is expected to grow by 5.35% on average over the next years.
EPS Next Y-17.65%
EPS Next 2Y-4.02%
EPS Next 3Y-1.35%
EPS Next 5Y-0.91%
Revenue Next Year4.95%
Revenue Next 2Y4.76%
Revenue Next 3Y5.35%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 25.22, BRX can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of BRX indicates a somewhat cheap valuation: BRX is cheaper than 74.60% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.98, BRX is valued at the same level.
The Price/Forward Earnings ratio is 30.62, which means the current valuation is very expensive for BRX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BRX indicates a somewhat cheap valuation: BRX is cheaper than 77.78% of the companies listed in the same industry.
BRX's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.66.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.22 | ||
| Fwd PE | 30.62 |
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 | 13.88 |
4.3 Compensation for Growth
The excellent profitability rating of BRX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)6.59
EPS Next 2Y-4.02%
EPS Next 3Y-1.35%
5. Dividend
5.1 Amount
BRX has a Yearly Dividend Yield of 4.17%, which is a nice return.
BRX's Dividend Yield is slightly below the industry average, which is at 19.15.
BRX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
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-4.02%
EPS Next 3Y-1.35%
27.99
+0.03 (+0.11%)
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 Change1.23%
Ins Owners0.39%
Ins Owner Change0.49%
Market Cap8.56B
Analysts77.14
Price Target32.12 (14.76%)
Short Float %3.4%
Short Ratio4.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
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)0.28%
PT rev (3m)4.24%
EPS NQ rev (1m)-8.77%
EPS NQ rev (3m)-7.5%
EPS NY rev (1m)-7.02%
EPS NY rev (3m)-6.7%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)-0.38%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.22 | ||
| Fwd PE | 30.62 | ||
| P/S | 5.33 | ||
| P/FCF | N/A | ||
| P/OCF | 13.71 | ||
| P/B | 2.87 | ||
| P/tB | 2.87 | ||
| EV/EBITDA | 13.88 |
EPS(TTM)1.11
EY3.97%
EPS(NY)0.91
Fwd EY3.27%
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)2.04
OCFY7.3%
SpS5.25
BVpS9.75
TBVpS9.75
PEG (NY)N/A
PEG (5Y)6.59
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 | 1.07 |
F-Score8
WACC6.67%
ROIC/WACC0.96
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-17.65%
EPS Next 2Y-4.02%
EPS Next 3Y-1.35%
EPS Next 5Y-0.91%
Revenue 1Y (TTM)28.94%
Revenue growth 3Y3.7%
Revenue growth 5Y1.92%
Sales Q2Q%3.78%
Revenue Next Year4.95%
Revenue Next 2Y4.76%
Revenue Next 3Y5.35%
Revenue Next 5YN/A
EBIT growth 1Y32.86%
EBIT growth 3Y3.69%
EBIT growth 5Y1.45%
EBIT Next Year83.71%
EBIT Next 3Y26.42%
EBIT Next 5YN/A
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%