FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FCPT - US35086T1097 - REIT
23.36 USD
-0.09 (-0.38%)
23.36 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to FCPT. FCPT was compared to 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 quite expensive at the moment. It does show a decent growth rate. FCPT also has an excellent dividend rating.
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.
Each year in the past 5 years FCPT had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 3.85%, FCPT is doing good in the industry, outperforming 70.00% of the companies in the same industry.
With a decent Return On Equity value of 7.11%, FCPT is doing good in the industry, outperforming 63.33% of the companies in the same industry.
FCPT's Return On Invested Capital of 4.57% is in line compared 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 4.78%.
| 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
FCPT's Profit Margin of 38.04% is amongst the best of the industry. FCPT outperforms 86.67% of its industry peers.
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.
In the last couple of years the Operating Margin of FCPT has declined.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
FCPT has a better debt/assets ratio than last year.
2.2 Solvency
FCPT has an Altman-Z score of 1.37. This is a bad value and indicates that FCPT is not financially healthy and even has some risk of bankruptcy.
FCPT has a Altman-Z score of 1.37. This is in the better half of the industry: FCPT outperforms 73.33% 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.
FCPT has a better Debt to Equity ratio (0.79) than 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.37 |
ROIC/WACC0.59
WACC7.69%
2.3 Liquidity
A Current Ratio of 0.18 indicates that FCPT may have some problems paying its short term obligations.
FCPT has a worse Current ratio (0.18) than 90.00% of its industry peers.
A Quick Ratio of 0.18 indicates that FCPT may have some problems paying its short term obligations.
The Quick ratio of FCPT (0.18) is worse than 90.00% 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.
FCPT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.19% yearly.
FCPT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.28%.
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
FCPT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.58% yearly.
FCPT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.19% yearly.
EPS Next Y5.24%
EPS Next 2Y5.7%
EPS Next 3Y4.58%
EPS Next 5YN/A
Revenue Next Year15.51%
Revenue Next 2Y9.67%
Revenue Next 3Y7.19%
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.
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
The Price/Earnings ratio is 21.43, which indicates a rather expensive current valuation of FCPT.
Based on the Price/Earnings ratio, FCPT is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of FCPT to the average of the S&P500 Index (26.26), we can say FCPT is valued inline with the index average.
The Price/Forward Earnings ratio is 19.54, which indicates a rather expensive current valuation of FCPT.
FCPT's Price/Forward Earnings ratio is rather cheap when compared to the industry. FCPT is cheaper than 86.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FCPT to the average of the S&P500 Index (23.68), we can say FCPT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 19.54 |
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 | 16.96 |
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)4.09
PEG (5Y)114.01
EPS Next 2Y5.7%
EPS Next 3Y4.58%
5. Dividend
5.1 Amount
FCPT has a Yearly Dividend Yield of 6.37%, which is a nice return.
Compared to an average industry Dividend Yield of 5.65, FCPT pays a better dividend. On top of this FCPT pays more dividend than 83.33% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, FCPT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.37% |
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 2Y5.7%
EPS Next 3Y4.58%
23.36
-0.09 (-0.38%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.12%
Inst Owner Change2.05%
Ins Owners1.17%
Ins Owner Change1.09%
Market Cap2.48B
Revenue(TTM)286.80M
Net Income(TTM)109.10M
Analysts74.67
Price Target28.85 (23.5%)
Short Float %3.6%
Short Ratio5.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.37% |
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)-1.98%
PT rev (3m)-2.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.69%
EPS NY rev (1m)-0.72%
EPS NY rev (3m)-0.9%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)0.31%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 19.54 | ||
| P/S | 8.64 | ||
| P/FCF | N/A | ||
| P/OCF | 13.95 | ||
| P/B | 1.62 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | 16.96 |
EPS(TTM)1.09
EY4.67%
EPS(NY)1.2
Fwd EY5.12%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)1.67
OCFY7.17%
SpS2.7
BVpS14.46
TBVpS13.29
PEG (NY)4.09
PEG (5Y)114.01
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 | 1.37 |
F-Score5
WACC7.69%
ROIC/WACC0.59
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 Y5.24%
EPS Next 2Y5.7%
EPS Next 3Y4.58%
EPS Next 5YN/A
Revenue 1Y (TTM)8.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%11.02%
Revenue Next Year15.51%
Revenue Next 2Y9.67%
Revenue Next 3Y7.19%
Revenue Next 5YN/A
EBIT growth 1Y8.4%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.53%
EBIT Next 3Y22.16%
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 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.
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 7 / 10 and the dividend payout ratio is 128.5%.