FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FCPT - US35086T1097 - REIT
23.36 USD
-0.17 (-0.72%)
23.36 USD
0 (0%)
Overall FCPT gets a fundamental rating of 4 out of 10. We evaluated FCPT 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 has a correct valuation and a medium growth rate. FCPT also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
FCPT had positive earnings in the past year.
In the past year FCPT had a positive cash flow from operations.
In the past 5 years FCPT has always been profitable.
FCPT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FCPT (3.85%) is better than 70.00% of its industry peers.
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.
With a decent Return On Invested Capital value of 4.57%, FCPT is doing good in the industry, outperforming 63.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FCPT 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
FCPT has a better Profit Margin (38.04%) than 86.67% of its industry peers.
In the last couple of years the Profit Margin of FCPT has declined.
Looking at the Operating Margin, with a value of 55.67%, FCPT belongs to the top 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.
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
Based on the Altman-Z score of 1.37, we must say that FCPT is in the distress zone and has some risk of bankruptcy.
FCPT has a better Altman-Z score (1.37) than 73.33% of its industry peers.
A Debt/Equity ratio of 0.79 indicates that 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 | 1.37 |
ROIC/WACC0.6
WACC7.61%
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 has a Current ratio of 0.18. This is amonst the worse of the industry: FCPT underperforms 90.00% of its industry peers.
A Quick Ratio of 0.18 indicates that FCPT may have some problems paying its short term obligations.
FCPT's Quick 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.
| 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%.
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.
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
The Earnings Per Share is expected to grow by 4.73% on average over the next years.
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
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
Based on the Price/Earnings ratio of 21.43, the valuation of FCPT can be described as rather expensive.
86.67% of the companies in the same industry are more expensive than FCPT, based on the Price/Earnings ratio.
FCPT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.37, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.47, the valuation of FCPT can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward 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/Forward Earnings ratio of 36.20, FCPT is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 19.47 |
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 70.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17 |
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.
The decent profitability rating of FCPT may justify a higher PE ratio.
PEG (NY)3.57
PEG (5Y)114.01
EPS Next 2Y5.88%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
FCPT has a Yearly Dividend Yield of 6.11%, which is a nice return.
Compared to an average industry Dividend Yield of 6.00, FCPT pays a better dividend. On top of this FCPT pays more dividend than 83.33% of the companies listed in the same industry.
FCPT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.11% |
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 2Y5.88%
EPS Next 3Y4.73%
23.36
-0.17 (-0.72%)
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 Change2.06%
Ins Owners1.18%
Ins Owner Change2.57%
Market Cap2.48B
Revenue(TTM)286.80M
Net Income(TTM)109.10M
Analysts74.67
Price Target29.29 (25.39%)
Short Float %3.42%
Short Ratio5.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.11% |
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)-2.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.4%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.18%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)-0.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 19.47 | ||
| P/S | 8.64 | ||
| P/FCF | N/A | ||
| P/OCF | 13.95 | ||
| P/B | 1.62 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | 17 |
EPS(TTM)1.09
EY4.67%
EPS(NY)1.2
Fwd EY5.13%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)1.67
OCFY7.17%
SpS2.7
BVpS14.46
TBVpS13.29
PEG (NY)3.57
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
WACC7.61%
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 7 / 10 and the dividend payout ratio is 128.5%.