FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - NYSE:FCPT - US35086T1097 - REIT
24.63 USD
-0.07 (-0.28%)
24.63 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. There are concerns on the financial health of FCPT while its profitability can be described as average. FCPT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FCPT had positive earnings in the past year.
FCPT had a positive operating cash flow in the past year.
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
With a decent Return On Assets value of 3.83%, FCPT is doing good in the industry, outperforming 73.33% of the companies in the same industry.
With a decent Return On Equity value of 7.15%, FCPT is doing good in the industry, outperforming 70.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.57%, FCPT is in the better half of the industry, outperforming 63.33% 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 4.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.83% | ||
| ROE | 7.15% | ||
| 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
The Profit Margin of FCPT (37.87%) is better than 86.67% of its industry peers.
FCPT's Profit Margin has declined in the last couple of years.
FCPT has a Operating Margin of 55.71%. This is amongst the best in the industry. FCPT outperforms 86.67% of its industry peers.
FCPT's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.71% | ||
| PM (TTM) | 37.87% | ||
| 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.
The number of shares outstanding for FCPT has been increased compared to 1 year ago.
Compared to 5 years ago, FCPT has more shares outstanding
Compared to 1 year ago, FCPT has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that FCPT is in the distress zone and has some risk of bankruptcy.
FCPT has a Altman-Z score of 1.43. This is in the better half of the industry: FCPT outperforms 70.00% of its industry peers.
FCPT has a Debt/Equity ratio of 0.81. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.81, FCPT is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.43 |
ROIC/WACC0.6
WACC7.62%
2.3 Liquidity
FCPT has a Current Ratio of 0.17. This is a bad value and indicates that FCPT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of FCPT (0.17) is worse than 86.67% of its industry peers.
FCPT has a Quick Ratio of 0.17. This is a bad value and indicates that FCPT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of FCPT (0.17) is worse than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
FCPT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.93%.
The Earnings Per Share has been growing slightly by 0.19% on average over the past years.
The Revenue has been growing slightly by 6.28% in the past year.
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)0.93%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
Revenue 1Y (TTM)6.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%9.57%
3.2 Future
FCPT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.73% yearly.
Based on estimates for the next years, FCPT will show a quite strong growth in Revenue. The Revenue will grow by 9.14% on average per year.
EPS Next Y5.81%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue Next Year15.47%
Revenue Next 2Y9.6%
Revenue Next 3Y9.14%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
FCPT is valuated rather expensively with a Price/Earnings ratio of 22.81.
FCPT's Price/Earnings ratio is rather cheap when compared to the industry. FCPT is cheaper than 83.33% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.77. FCPT is around the same levels.
The Price/Forward Earnings ratio is 20.53, which indicates a rather expensive current valuation of FCPT.
FCPT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FCPT is 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 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.81 | ||
| Fwd PE | 20.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FCPT is valued a bit cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.78 |
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 decent profitability rating of FCPT may justify a higher PE ratio.
PEG (NY)3.92
PEG (5Y)121.32
EPS Next 2Y5.88%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.85%, FCPT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.76, 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 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.85% |
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
128.20% of the earnings are spent on dividend by FCPT. This is not a sustainable payout ratio.
The dividend of FCPT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP128.2%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
24.63
-0.07 (-0.28%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.54%
Inst Owner Change0.01%
Ins Owners1.18%
Ins Owner Change2.5%
Market Cap2.57B
Analysts74.67
Price Target29.58 (20.1%)
Short Float %3.69%
Short Ratio6.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.85% |
Yearly Dividend1.34
Dividend Growth(5Y)3.33%
DP128.2%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.77%
Min EPS beat(2)-6.29%
Max EPS beat(2)-1.26%
EPS beat(4)0
Avg EPS beat(4)-4.57%
Min EPS beat(4)-6.29%
Max EPS beat(4)-1.26%
EPS beat(8)0
Avg EPS beat(8)-3.61%
EPS beat(12)2
Avg EPS beat(12)-2.64%
EPS beat(16)4
Avg EPS beat(16)-2.02%
Revenue beat(2)2
Avg Revenue beat(2)2.3%
Min Revenue beat(2)2.17%
Max Revenue beat(2)2.43%
Revenue beat(4)3
Avg Revenue beat(4)1.55%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)2.43%
Revenue beat(8)6
Avg Revenue beat(8)1.19%
Revenue beat(12)7
Avg Revenue beat(12)0.56%
Revenue beat(16)10
Avg Revenue beat(16)0.65%
PT rev (1m)0%
PT rev (3m)-2.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.7%
EPS NY rev (1m)-0.36%
EPS NY rev (3m)-0.18%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-0.36%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)4.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.81 | ||
| Fwd PE | 20.53 | ||
| P/S | 9.21 | ||
| P/FCF | N/A | ||
| P/OCF | 14.95 | ||
| P/B | 1.74 | ||
| P/tB | 1.89 | ||
| EV/EBITDA | 17.78 |
EPS(TTM)1.08
EY4.38%
EPS(NY)1.2
Fwd EY4.87%
FCF(TTM)-1.74
FCFYN/A
OCF(TTM)1.65
OCFY6.69%
SpS2.68
BVpS14.18
TBVpS13.01
PEG (NY)3.92
PEG (5Y)121.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.83% | ||
| ROE | 7.15% | ||
| ROCE | 5.78% | ||
| ROIC | 4.57% | ||
| ROICexc | 4.58% | ||
| ROICexgc | 4.82% | ||
| OM | 55.71% | ||
| PM (TTM) | 37.87% | ||
| 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%
ROICexcg growth 3Y-3.23%
ROICexcg 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 | 0.81 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.66 | ||
| Cap/Depr | 622.95% | ||
| Cap/Sales | 126.51% | ||
| Interest Coverage | 2.65 | ||
| Cash Conversion | 81.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z | 1.43 |
F-Score5
WACC7.62%
ROIC/WACC0.6
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)0.93%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
EPS Next Y5.81%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue 1Y (TTM)6.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%9.57%
Revenue Next Year15.47%
Revenue Next 2Y9.6%
Revenue Next 3Y9.14%
Revenue Next 5YN/A
EBIT growth 1Y7.09%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.87%
EBIT Next 3Y22.13%
EBIT Next 5YN/A
FCF growth 1Y20.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.99%
OCF growth 3Y5.59%
OCF growth 5Y6.6%