FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - NYSE:FCPT - US35086T1097 - REIT
23.58 USD
-0.19 (-0.8%)
23.3 USD
-0.28 (-1.19%)
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. While FCPT is still in line with the averages on profitability rating, there are concerns on its financial health. FCPT has a correct valuation and a medium 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.
In the past 5 years FCPT has always been profitable.
Each year in the past 5 years FCPT had a positive operating cash flow.
1.2 Ratios
FCPT's Return On Assets of 3.85% is fine compared to the rest of the industry. FCPT outperforms 70.00% of its industry peers.
Looking at the Return On Equity, with a value of 7.11%, FCPT is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
The Return On Invested Capital of FCPT (4.57%) is better than 63.33% of its industry peers.
FCPT had an Average Return On Invested Capital over the past 3 years of 4.58%. This is in line with the industry average of 4.77%.
| 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.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FCPT is destroying value.
The number of shares outstanding for FCPT has been increased compared to 1 year ago.
The number of shares outstanding for FCPT has been increased compared to 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 1.36. 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 1.36, FCPT is doing good in the industry, outperforming 73.33% 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 | 1.36 |
ROIC/WACC0.6
WACC7.59%
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.
FCPT's Current ratio of 0.18 is on the low side compared to the rest of the industry. FCPT is outperformed by 90.00% of its industry peers.
FCPT has a Quick 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.
With a Quick ratio value of 0.18, FCPT is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
| 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.
FCPT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.19% yearly.
Looking at the last year, FCPT shows a quite strong growth in Revenue. The Revenue has grown by 8.28% in the last 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)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 4.73% on average per year.
The Revenue is expected to grow by 7.24% on average over the next years.
EPS Next Y6%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue Next Year15.38%
Revenue Next 2Y9.67%
Revenue Next 3Y7.24%
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
Based on the Price/Earnings ratio of 21.63, the valuation of FCPT can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of FCPT indicates a rather cheap valuation: FCPT is cheaper than 86.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.07, FCPT is valued at the same level.
Based on the Price/Forward Earnings ratio of 19.66, the valuation of FCPT can be described as rather expensive.
Based on the Price/Forward Earnings ratio, FCPT is valued cheaper than 86.67% of the companies in the same industry.
FCPT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.08.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.63 | ||
| Fwd PE | 19.66 |
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 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.94 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
FCPT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.6
PEG (5Y)115.09
EPS Next 2Y5.88%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.08%, FCPT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.26, 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
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 2Y5.88%
EPS Next 3Y4.73%
23.58
-0.19 (-0.8%)
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 Change2.08%
Ins Owners1.18%
Ins Owner Change2.62%
Market Cap2.46B
Revenue(TTM)286.80M
Net Income(TTM)109.10M
Analysts74.67
Price Target29.43 (24.81%)
Short Float %3.76%
Short Ratio6.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
Yearly Dividend1.34
Dividend Growth(5Y)3.33%
DP128.5%
Div Incr Years3
Div Non Decr Years3
Ex-Date
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)-0.49%
PT rev (3m)-1.94%
EPS NQ rev (1m)0.69%
EPS NQ rev (3m)2.11%
EPS NY rev (1m)0.18%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-0.52%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)4.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.63 | ||
| Fwd PE | 19.66 | ||
| P/S | 8.59 | ||
| P/FCF | N/A | ||
| P/OCF | 13.86 | ||
| P/B | 1.61 | ||
| P/tB | 1.75 | ||
| EV/EBITDA | 16.94 |
EPS(TTM)1.09
EY4.62%
EPS(NY)1.2
Fwd EY5.09%
FCF(TTM)-1.79
FCFYN/A
OCF(TTM)1.7
OCFY7.21%
SpS2.75
BVpS14.68
TBVpS13.5
PEG (NY)3.6
PEG (5Y)115.09
Graham Number18.98
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 | 1.36 |
F-Score5
WACC7.59%
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)1.87%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
EPS Next Y6%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue 1Y (TTM)8.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%11.02%
Revenue Next Year15.38%
Revenue Next 2Y9.67%
Revenue Next 3Y7.24%
Revenue Next 5YN/A
EBIT growth 1Y8.4%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.87%
EBIT Next 3Y22.13%
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.
Can you provide the valuation status for FOUR CORNERS PROPERTY TRUST?
ChartMill assigns a valuation rating of 4 / 10 to FOUR CORNERS PROPERTY TRUST (FCPT). This can be considered as Fairly Valued.
How profitable is FOUR CORNERS PROPERTY TRUST (FCPT) stock?
FOUR CORNERS PROPERTY TRUST (FCPT) has a profitability rating of 6 / 10.
What is the financial health of FOUR CORNERS PROPERTY TRUST (FCPT) stock?
The financial health rating of FOUR CORNERS PROPERTY TRUST (FCPT) is 2 / 10.
Can you provide the dividend sustainability for FCPT stock?
The dividend rating of FOUR CORNERS PROPERTY TRUST (FCPT) is 6 / 10 and the dividend payout ratio is 128.5%.