Logo image of FCPT

FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis

NYSE:FCPT - New York Stock Exchange, Inc. - US35086T1097 - REIT - Currency: USD

28.41  +0.66 (+2.38%)

After market: 28.41 0 (0%)

Fundamental Rating

3

FCPT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 28 industry peers in the Specialized REITs industry. There are concerns on the financial health of FCPT while its profitability can be described as average. FCPT does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

FCPT had positive earnings in the past year.
In the past year FCPT had a positive cash flow from operations.
FCPT had positive earnings in 4 of the past 5 years.
Of the past 5 years FCPT 4 years had a positive operating cash flow.
FCPT Yearly Net Income VS EBIT VS OCF VS FCFFCPT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M

1.2 Ratios

With a decent Return On Assets value of 3.85%, FCPT is doing good in the industry, outperforming 67.86% of the companies in the same industry.
FCPT has a Return On Equity of 7.30%. This is comparable to the rest of the industry: FCPT outperforms 57.14% of its industry peers.
FCPT has a Return On Invested Capital (4.66%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for FCPT is in line with the industry average of 5.42%.
Industry RankSector Rank
ROA 3.85%
ROE 7.3%
ROIC 4.66%
ROA(3y)4.28%
ROA(5y)4.5%
ROE(3y)8.36%
ROE(5y)8.87%
ROIC(3y)4.73%
ROIC(5y)4.99%
FCPT Yearly ROA, ROE, ROICFCPT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

1.3 Margins

FCPT's Profit Margin of 37.27% is amongst the best of the industry. FCPT outperforms 89.29% of its industry peers.
In the last couple of years the Profit Margin of FCPT has declined.
Looking at the Operating Margin, with a value of 55.61%, FCPT belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
FCPT's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 55.61%
PM (TTM) 37.27%
GM N/A
OM growth 3Y-4.41%
OM growth 5Y-2.4%
PM growth 3Y-5.61%
PM growth 5Y-7.89%
GM growth 3YN/A
GM growth 5YN/A
FCPT Yearly Profit, Operating, Gross MarginsFCPT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80 100

More info and screens

2

2. Health

2.1 Basic Checks

FCPT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FCPT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FCPT Yearly Shares OutstandingFCPT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
FCPT Yearly Total Debt VS Total AssetsFCPT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

FCPT has an Altman-Z score of 1.58. This is a bad value and indicates that FCPT is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.58, FCPT is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
FCPT has a Debt/Equity ratio of 0.84. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
FCPT's Debt to Equity ratio of 0.84 is fine compared to the rest of the industry. FCPT outperforms 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Altman-Z 1.58
ROIC/WACC0.58
WACC8.07%
FCPT Yearly LT Debt VS Equity VS FCFFCPT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B

2.3 Liquidity

A Current Ratio of 0.73 indicates that FCPT may have some problems paying its short term obligations.
FCPT has a Current ratio (0.73) which is comparable to the rest of the industry.
A Quick Ratio of 0.72 indicates that FCPT may have some problems paying its short term obligations.
FCPT has a Quick ratio (0.72) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.72
FCPT Yearly Current Assets VS Current LiabilitesFCPT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

More info and screens

3

3. Growth

3.1 Past

FCPT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.81%, which is quite good.
The Earnings Per Share has been growing slightly by 3.19% on average over the past years.
EPS 1Y (TTM)14.81%
EPS 3Y4.07%
EPS 5Y3.19%
EPS Q2Q%62.96%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.91%

3.2 Future

FCPT is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.21% yearly.
The Revenue is expected to grow by 10.23% on average over the next years. This is quite good.
EPS Next Y-5.57%
EPS Next 2Y-2.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.02%
Revenue Next 2Y10.23%
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.
FCPT Yearly Revenue VS EstimatesFCPT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
FCPT Yearly EPS VS EstimatesFCPT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

More info and screens

3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 22.91, FCPT is valued on the expensive side.
Based on the Price/Earnings ratio, FCPT is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of FCPT to the average of the S&P500 Index (28.99), we can say FCPT is valued slightly cheaper.
FCPT is valuated rather expensively with a Price/Forward Earnings ratio of 24.26.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FCPT indicates a somewhat cheap valuation: FCPT is cheaper than 67.86% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 96.58. FCPT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 22.91
Fwd PE 24.26
FCPT Price Earnings VS Forward Price EarningsFCPT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

FCPT's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.73
FCPT Per share dataFCPT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

FCPT's earnings are expected to decrease with -2.21% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)7.19
EPS Next 2Y-2.21%
EPS Next 3YN/A

More info and screens

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.12%, FCPT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.54, FCPT has a dividend in line with its industry peers.
FCPT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
Industry RankSector Rank
Dividend Yield 5.12%

5.2 History

The dividend of FCPT has a limited annual growth rate of 4.71%.
FCPT has been paying a dividend for over 5 years, so it has already some track record.
FCPT has decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.71%
Div Incr Years2
Div Non Decr Years2
FCPT Yearly Dividends per shareFCPT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

FCPT pays out 127.23% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of FCPT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP127.23%
EPS Next 2Y-2.21%
EPS Next 3YN/A
FCPT Yearly Income VS Free CF VS DividendFCPT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M
FCPT Dividend Payout.FCPT Dividend Payout, showing the Payout Ratio.FCPT Dividend Payout.PayoutRetained Earnings

More info and screens

FOUR CORNERS PROPERTY TRUST

NYSE:FCPT (2/13/2025, 4:15:00 PM)

After market: 28.41 0 (0%)

28.41

+0.66 (+2.38%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-12 2025-02-12/amc
Earnings (Next)N/A N/A
Inst Owners98.35%
Inst Owner Change-8.51%
Ins Owners1.25%
Ins Owner Change6.41%
Market Cap2.74B
Analysts76
Price Target30.75 (8.24%)
Short Float %4.64%
Short Ratio7.28
Dividend
Industry RankSector Rank
Dividend Yield 5.12%
Yearly Dividend1.35
Dividend Growth(5Y)4.71%
DP127.23%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.29%
Min EPS beat(2)-4.61%
Max EPS beat(2)-1.96%
EPS beat(4)0
Avg EPS beat(4)-2.86%
Min EPS beat(4)-4.61%
Max EPS beat(4)-1.04%
EPS beat(8)1
Avg EPS beat(8)-2.65%
EPS beat(12)3
Avg EPS beat(12)-1.69%
EPS beat(16)4
Avg EPS beat(16)-2.68%
Revenue beat(2)1
Avg Revenue beat(2)1.03%
Min Revenue beat(2)-0.25%
Max Revenue beat(2)2.31%
Revenue beat(4)3
Avg Revenue beat(4)1.02%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)2.31%
Revenue beat(8)4
Avg Revenue beat(8)0.06%
Revenue beat(12)7
Avg Revenue beat(12)0.51%
Revenue beat(16)10
Avg Revenue beat(16)0.62%
PT rev (1m)0.48%
PT rev (3m)4.66%
EPS NQ rev (1m)-0.7%
EPS NQ rev (3m)-1.05%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.28%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)-2%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-2.87%
Valuation
Industry RankSector Rank
PE 22.91
Fwd PE 24.26
P/S 10.35
P/FCF N/A
P/OCF 18.64
P/B 2.03
P/tB 2.22
EV/EBITDA 18.73
EPS(TTM)1.24
EY4.36%
EPS(NY)1.17
Fwd EY4.12%
FCF(TTM)-0.02
FCFYN/A
OCF(TTM)1.52
OCFY5.36%
SpS2.74
BVpS14.01
TBVpS12.79
PEG (NY)N/A
PEG (5Y)7.19
Profitability
Industry RankSector Rank
ROA 3.85%
ROE 7.3%
ROCE 5.9%
ROIC 4.66%
ROICexc 4.74%
ROICexgc 5.02%
OM 55.61%
PM (TTM) 37.27%
GM N/A
FCFM N/A
ROA(3y)4.28%
ROA(5y)4.5%
ROE(3y)8.36%
ROE(5y)8.87%
ROIC(3y)4.73%
ROIC(5y)4.99%
ROICexc(3y)4.77%
ROICexc(5y)5.02%
ROICexgc(3y)5.08%
ROICexgc(5y)5.33%
ROCE(3y)5.99%
ROCE(5y)6.32%
ROICexcg growth 3Y-4.46%
ROICexcg growth 5Y-3.55%
ROICexc growth 3Y-4.41%
ROICexc growth 5Y-4.33%
OM growth 3Y-4.41%
OM growth 5Y-2.4%
PM growth 3Y-5.61%
PM growth 5Y-7.89%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Debt/EBITDA 5.63
Cap/Depr 277.62%
Cap/Sales 56.33%
Interest Coverage 2.45
Cash Conversion 73.16%
Profit Quality N/A
Current Ratio 0.73
Quick Ratio 0.72
Altman-Z 1.58
F-Score7
WACC8.07%
ROIC/WACC0.58
Cap/Depr(3y)719.18%
Cap/Depr(5y)744.36%
Cap/Sales(3y)134.48%
Cap/Sales(5y)133.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.81%
EPS 3Y4.07%
EPS 5Y3.19%
EPS Q2Q%62.96%
EPS Next Y-5.57%
EPS Next 2Y-2.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.91%
Revenue Next Year10.02%
Revenue Next 2Y10.23%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y11.31%
EBIT growth 3Y8.6%
EBIT growth 5Y9.1%
EBIT Next Year50.41%
EBIT Next 3Y22%
EBIT Next 5YN/A
FCF growth 1Y98.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.82%
OCF growth 3Y21.74%
OCF growth 5Y15.34%