FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FCPT - US35086T1097 - REIT
23.92 USD
+0.42 (+1.79%)
23.92 USD
0 (0%)
Taking everything into account, FCPT scores 4 out of 10 in our fundamental rating. FCPT was compared to 30 industry peers in the Specialized REITs industry. FCPT has a medium profitability rating, but doesn't score so well on its financial health evaluation. FCPT is valied quite expensively at the moment, while it does show a decent growth rate. Finally FCPT also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FCPT was profitable.
FCPT had a positive operating cash flow in the past year.
FCPT had positive earnings in each of the past 5 years.
Each year in the past 5 years FCPT had a positive operating cash flow.
1.2 Ratios
FCPT has a better Return On Assets (3.85%) than 70.00% of its industry peers.
The Return On Equity of FCPT (7.11%) is better than 63.33% of its industry peers.
FCPT has a Return On Invested Capital of 4.57%. This is comparable to the rest of the industry: FCPT outperforms 60.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FCPT is in line with the industry average of 4.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 7.11% | ||
| ROIC | 4.57% |
ROA(3y)4.04%
ROA(5y)4.25%
ROE(3y)7.71%
ROE(5y)8.24%
ROIC(3y)4.58%
ROIC(5y)4.79%
1.3 Margins
With an excellent Profit Margin value of 38.04%, FCPT belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
FCPT's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 55.67%, FCPT belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
FCPT's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.67% | ||
| PM (TTM) | 38.04% | ||
| GM | N/A |
OM growth 3Y-1.84%
OM growth 5Y-2.04%
PM growth 3Y-4.42%
PM growth 5Y-3.73%
GM growth 3YN/A
GM growth 5YN/A
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 more shares outstanding than it did 1 year ago.
FCPT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for FCPT has been reduced compared to a year ago.
2.2 Solvency
FCPT has an Altman-Z score of 1.39. This is a bad value and indicates that FCPT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of FCPT (1.39) is better than 76.67% of its industry peers.
FCPT has a Debt/Equity ratio of 0.79. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
The Debt to Equity ratio of FCPT (0.79) is better than 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.39 |
ROIC/WACC0.58
WACC7.84%
2.3 Liquidity
A Current Ratio of 0.18 indicates that FCPT may have some problems paying its short term obligations.
With a Current ratio value of 0.18, FCPT is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
A Quick Ratio of 0.18 indicates that FCPT may have some problems paying its short term obligations.
FCPT has a Quick ratio of 0.18. This is amonst the worse of the industry: FCPT underperforms 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.87% over the past year.
The Earnings Per Share has been growing slightly by 0.19% on average over the past years.
Looking at the last year, FCPT shows a quite strong growth in Revenue. The Revenue has grown by 8.28% in the last year.
Measured over the past years, FCPT shows a quite strong growth in Revenue. The Revenue has been growing by 10.85% on average per year.
EPS 1Y (TTM)1.87%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
Revenue 1Y (TTM)8.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%11.02%
3.2 Future
Based on estimates for the next years, FCPT will show a small growth in Earnings Per Share. The EPS will grow by 4.37% on average per year.
Based on estimates for the next years, FCPT will show a small growth in Revenue. The Revenue will grow by 7.21% on average per year.
EPS Next Y5.05%
EPS Next 2Y5.52%
EPS Next 3Y4.37%
EPS Next 5YN/A
Revenue Next Year15.49%
Revenue Next 2Y9.69%
Revenue Next 3Y7.21%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
FCPT is valuated rather expensively with a Price/Earnings ratio of 21.94.
Based on the Price/Earnings ratio, FCPT is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
FCPT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.00, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 20.08, FCPT is valued on the expensive side.
Based on the Price/Forward Earnings ratio, FCPT is valued a bit cheaper than 80.00% of the companies in the same industry.
FCPT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.94 | ||
| Fwd PE | 20.08 |
4.2 Price Multiples
FCPT's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.19 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FCPT does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.35
PEG (5Y)116.75
EPS Next 2Y5.52%
EPS Next 3Y4.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.36%, FCPT is a good candidate for dividend investing.
FCPT's Dividend Yield is rather good when compared to the industry average which is at 5.69. FCPT pays more dividend than 86.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, FCPT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.36% |
5.2 History
The dividend of FCPT has a limited annual growth rate of 3.33%.
FCPT has paid a dividend for at least 10 years, which is a reliable track record.
FCPT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.33%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
FCPT pays out 128.50% of its income as dividend. This is not a sustainable payout ratio.
The dividend of FCPT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP128.5%
EPS Next 2Y5.52%
EPS Next 3Y4.37%
23.92
+0.42 (+1.79%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.1%
Inst Owner Change0%
Ins Owners1.17%
Ins Owner Change1.09%
Market Cap2.54B
Revenue(TTM)286.80M
Net Income(TTM)109.10M
Analysts74.67
Price Target28.85 (20.61%)
Short Float %2.41%
Short Ratio3.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.36% |
Yearly Dividend1.34
Dividend Growth(5Y)3.33%
DP128.5%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.64%
Min EPS beat(2)-4.02%
Max EPS beat(2)-1.26%
EPS beat(4)0
Avg EPS beat(4)-4.42%
Min EPS beat(4)-6.29%
Max EPS beat(4)-1.26%
EPS beat(8)0
Avg EPS beat(8)-3.64%
EPS beat(12)1
Avg EPS beat(12)-3.24%
EPS beat(16)3
Avg EPS beat(16)-2.38%
Revenue beat(2)2
Avg Revenue beat(2)2.39%
Min Revenue beat(2)2.17%
Max Revenue beat(2)2.62%
Revenue beat(4)4
Avg Revenue beat(4)2.27%
Min Revenue beat(4)1.84%
Max Revenue beat(4)2.62%
Revenue beat(8)7
Avg Revenue beat(8)1.64%
Revenue beat(12)8
Avg Revenue beat(12)0.8%
Revenue beat(16)11
Avg Revenue beat(16)0.95%
PT rev (1m)-1.49%
PT rev (3m)-2.46%
EPS NQ rev (1m)-0.69%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.18%
EPS NY rev (3m)-0.72%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.94 | ||
| Fwd PE | 20.08 | ||
| P/S | 8.85 | ||
| P/FCF | N/A | ||
| P/OCF | 14.28 | ||
| P/B | 1.65 | ||
| P/tB | 1.8 | ||
| EV/EBITDA | 17.19 |
EPS(TTM)1.09
EY4.56%
EPS(NY)1.19
Fwd EY4.98%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)1.67
OCFY7%
SpS2.7
BVpS14.46
TBVpS13.29
PEG (NY)4.35
PEG (5Y)116.75
Graham Number18.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 7.11% | ||
| ROCE | 5.79% | ||
| ROIC | 4.57% | ||
| ROICexc | 4.58% | ||
| ROICexgc | 4.82% | ||
| OM | 55.67% | ||
| PM (TTM) | 38.04% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)4.04%
ROA(5y)4.25%
ROE(3y)7.71%
ROE(5y)8.24%
ROIC(3y)4.58%
ROIC(5y)4.79%
ROICexc(3y)4.61%
ROICexc(5y)4.82%
ROICexgc(3y)4.92%
ROICexgc(5y)5.13%
ROCE(3y)5.8%
ROCE(5y)6.06%
ROICexgc growth 3Y-3.23%
ROICexgc growth 5Y-3.69%
ROICexc growth 3Y-3.17%
ROICexc growth 5Y-3.96%
OM growth 3Y-1.84%
OM growth 5Y-2.04%
PM growth 3Y-4.42%
PM growth 5Y-3.73%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.57 | ||
| Cap/Depr | 626.49% | ||
| Cap/Sales | 127.12% | ||
| Interest Coverage | 2.75 | ||
| Cash Conversion | 81.55% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | 1.39 |
F-Score5
WACC7.84%
ROIC/WACC0.58
Cap/Depr(3y)629.03%
Cap/Depr(5y)688.48%
Cap/Sales(3y)123.56%
Cap/Sales(5y)128.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.87%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
EPS Next Y5.05%
EPS Next 2Y5.52%
EPS Next 3Y4.37%
EPS Next 5YN/A
Revenue 1Y (TTM)8.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%11.02%
Revenue Next Year15.49%
Revenue Next 2Y9.69%
Revenue Next 3Y7.21%
Revenue Next 5YN/A
EBIT growth 1Y8.4%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.48%
EBIT Next 3Y22.28%
EBIT Next 5YN/A
FCF growth 1Y35.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y10.07%
OCF growth 3Y5.59%
OCF growth 5Y6.6%
FOUR CORNERS PROPERTY TRUST / FCPT FAQ
What is the ChartMill fundamental rating of FOUR CORNERS PROPERTY TRUST (FCPT) stock?
ChartMill assigns a fundamental rating of 4 / 10 to FCPT.
What is the valuation status for FCPT stock?
ChartMill assigns a valuation rating of 3 / 10 to FOUR CORNERS PROPERTY TRUST (FCPT). This can be considered as Overvalued.
How profitable is FOUR CORNERS PROPERTY TRUST (FCPT) stock?
FOUR CORNERS PROPERTY TRUST (FCPT) has a profitability rating of 5 / 10.
How financially healthy is FOUR CORNERS PROPERTY TRUST?
The financial health rating of FOUR CORNERS PROPERTY TRUST (FCPT) is 2 / 10.
What is the earnings growth outlook for FOUR CORNERS PROPERTY TRUST?
The Earnings per Share (EPS) of FOUR CORNERS PROPERTY TRUST (FCPT) is expected to grow by 5.05% in the next year.