BRIXMOR PROPERTY GROUP INC (BRX)
US11120U1051 - REIT
Taking everything into account, BRX scores 5 out of 10 in our fundamental rating. BRX was compared to 129 industry peers in the Diversified REITs industry. While BRX belongs to the best of the industry regarding profitability, there are concerns on its financial health. BRX is quite expensive at the moment. It does show a decent 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 Return On Assets of 4.76%. This is amongst the best in the industry. BRX outperforms 90.55% of its industry peers.
BRX has a Return On Equity of 14.47%. This is amongst the best in the industry. BRX outperforms 94.49% of its industry peers.
BRX's Return On Invested Capital of 5.96% is amongst the best of the industry. BRX outperforms 94.49% 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 3.08%.
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
BRX's Profit Margin of 26.15% is fine compared to the rest of the industry. BRX outperforms 79.53% of its industry peers.
BRX's Profit Margin has declined in the last couple of years.
The Operating Margin of BRX (37.34%) is better than 83.46% 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 Gross Margin of 75.37%. This is in the better half of the industry: BRX outperforms 70.87% 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
BRX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, BRX has about the same amount of shares outstanding.
BRX has more shares outstanding than it did 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 1.23, we must say that BRX is in the distress zone and has some risk of bankruptcy.
BRX has a better Altman-Z score (1.23) than 79.53% of its industry peers.
BRX has a debt to FCF ratio of 30.27. This is a negative value and a sign of low solvency as BRX would need 30.27 years to pay back of all of its debts.
BRX has a better Debt to FCF ratio (30.27) than 60.63% of its industry peers.
BRX has a Debt/Equity ratio of 1.85. This is a high value indicating a heavy dependency on external financing.
BRX has a Debt to Equity ratio of 1.85. This is in the lower half of the industry: BRX underperforms 72.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 30.27 | ||
| Altman-Z | 1.23 |
ROIC/WACC0.87
WACC6.88%
2.3 Liquidity
A Current Ratio of 0.83 indicates that BRX may have some problems paying its short term obligations.
With a Current ratio value of 0.83, BRX is not doing good in the industry: 70.08% 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.
With a Quick ratio value of 0.83, BRX is not doing good in the industry: 67.72% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
BRX shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.57%.
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.
The Revenue has grown by 28.80% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 0.17% on average over the past years.
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
Based on estimates for the next years, BRX will show a small growth in Earnings Per Share. The EPS will grow by 1.17% on average per year.
The Revenue is expected to grow by 4.29% on average over the next years.
EPS Next Y1.5%
EPS Next 2Y-1.38%
EPS Next 3Y1.1%
EPS Next 5Y1.17%
Revenue Next Year3.76%
Revenue Next 2Y4.12%
Revenue Next 3Y4.29%
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 accelerating.
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 quite expensively with a Price/Earnings ratio of 27.53.
Based on the Price/Earnings ratio, BRX is valued a bit cheaper than 75.59% of the companies in the same industry.
BRX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.96, which is the current average of the S&P500 Index.
BRX is valuated quite expensively with a Price/Forward Earnings ratio of 30.27.
BRX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BRX is cheaper than 79.53% of the companies in the same industry.
BRX is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.53 | ||
| Fwd PE | 30.27 |
4.2 Price Multiples
BRX's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as BRX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.91 | ||
| EV/EBITDA | 14.38 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BRX may justify a higher PE ratio.
PEG (NY)18.35
PEG (5Y)N/A
EPS Next 2Y-1.38%
EPS Next 3Y1.1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.01%, BRX is a good candidate for dividend investing.
BRX's Dividend Yield is comparable with the industry average which is at 6.55.
BRX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
The dividend of BRX decreases each year by -1.03%.
BRX has paid a dividend for at least 10 years, which is a reliable track record.
BRX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-1.03%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
78.47% of the earnings are spent on dividend by BRX. This is not a sustainable payout ratio.
DP78.47%
EPS Next 2Y-1.38%
EPS Next 3Y1.1%
BRIXMOR PROPERTY GROUP INC
NYSE:BRX (11/21/2024, 8:16:06 PM)
After market: 29.72 -0.01 (-0.03%)29.73
+0.1 (+0.34%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.98B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.53 | ||
| Fwd PE | 30.27 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)18.35
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 14.47% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 37.34% | ||
| PM (TTM) | 26.15% | ||
| GM | 75.37% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-3.57%
EPS 3Y36.17%
EPS 5Y
EPS Q2Q%
EPS Next Y1.5%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)28.8%
Revenue growth 3Y5.73%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y