FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FCPT - US35086T1097 - REIT
23.96 USD
+0.04 (+0.17%)
23.96 USD
0 (0%)
FCPT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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.
1. Profitability
1.1 Basic Checks
In the past year FCPT was profitable.
In the past year FCPT had a positive cash flow from operations.
Each year in the past 5 years FCPT has been profitable.
In the past 5 years FCPT always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.85%, FCPT is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
FCPT has a better Return On Equity (7.11%) than 63.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.57%, FCPT is in line with its industry, outperforming 60.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital 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
Looking at the Profit Margin, with a value of 38.04%, FCPT belongs to the top 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.
FCPT has a better Operating Margin (55.67%) than 86.67% of its industry peers.
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.
Compared to 1 year ago, FCPT has more shares outstanding
Compared to 5 years ago, FCPT has more shares outstanding
FCPT has a better debt/assets ratio than last year.
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.
With a decent Altman-Z score value of 1.39, FCPT is doing good in the industry, outperforming 76.67% of the companies in the same industry.
FCPT has a Debt/Equity ratio of 0.79. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
FCPT's Debt to Equity ratio of 0.79 is fine compared to the rest of the industry. FCPT outperforms 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
WACC7.88%
2.3 Liquidity
FCPT has a Current Ratio of 0.18. This is a bad value and indicates that FCPT is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.18, FCPT is doing worse than 86.67% of the companies in the same industry.
A Quick Ratio of 0.18 indicates that FCPT may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.18, FCPT is doing worse than 86.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
FCPT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.87%.
The Earnings Per Share has been growing slightly by 0.19% on average over the past years.
The Revenue has grown by 8.28% in the past year. This is quite good.
FCPT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.85% yearly.
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.
The Revenue is expected to grow by 7.21% on average over the next years.
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
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.98, which indicates a rather expensive current valuation of FCPT.
FCPT's Price/Earnings ratio is rather cheap when compared to the industry. FCPT is cheaper than 86.67% of the companies in the same industry.
FCPT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 20.11, which indicates a rather expensive current valuation of FCPT.
80.00% of the companies in the same industry are more expensive than FCPT, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FCPT to the average of the S&P500 Index (23.92), we can say FCPT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.98 | ||
| Fwd PE | 20.11 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FCPT indicates a somewhat cheap valuation: FCPT is cheaper than 63.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)4.35
PEG (5Y)116.94
EPS Next 2Y5.52%
EPS Next 3Y4.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.13%, FCPT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.69, FCPT pays a bit more dividend than its industry peers.
FCPT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.13% |
5.2 History
The dividend of FCPT has a limited annual growth rate of 3.33%.
FCPT has been paying a dividend for at least 10 years, so it has 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.
FCPT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP128.5%
EPS Next 2Y5.52%
EPS Next 3Y4.37%
23.96
+0.04 (+0.17%)
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 Change0.05%
Ins Owners1.17%
Ins Owner Change1.09%
Market Cap2.54B
Revenue(TTM)286.80M
Net Income(TTM)109.10M
Analysts74.67
Price Target28.85 (20.41%)
Short Float %2.41%
Short Ratio3.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.13% |
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)0%
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 | 21.98 | ||
| Fwd PE | 20.11 | ||
| P/S | 8.86 | ||
| P/FCF | N/A | ||
| P/OCF | 14.31 | ||
| P/B | 1.66 | ||
| P/tB | 1.8 | ||
| EV/EBITDA | 17.21 |
EPS(TTM)1.09
EY4.55%
EPS(NY)1.19
Fwd EY4.97%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)1.67
OCFY6.99%
SpS2.7
BVpS14.46
TBVpS13.29
PEG (NY)4.35
PEG (5Y)116.94
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
WACC7.88%
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 2 / 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.