FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:FCR-UN - CA31890B1031 - REIT
18.85 CAD
-0.1 (-0.53%)
Overall FCR-UN gets a fundamental rating of 4 out of 10. We evaluated FCR-UN against 38 industry peers in the Diversified REITs industry. There are concerns on the financial health of FCR-UN while its profitability can be described as average. FCR-UN has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year FCR-UN was profitable.
In the past year FCR-UN had a positive cash flow from operations.
In multiple years FCR-UN reported negative net income over the last 5 years.
In the past 5 years FCR-UN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FCR-UN (2.69%) is better than 68.42% of its industry peers.
The Return On Equity of FCR-UN (6.13%) is better than 68.42% of its industry peers.
FCR-UN's Return On Invested Capital of 3.45% is on the low side compared to the rest of the industry. FCR-UN is outperformed by 60.53% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FCR-UN is below the industry average of 5.49%.
The last Return On Invested Capital (3.45%) for FCR-UN is above the 3 year average (3.29%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 6.13% | ||
| ROIC | 3.45% |
ROA(3y)-0.3%
ROA(5y)0.74%
ROE(3y)-0.65%
ROE(5y)1.61%
ROIC(3y)3.29%
ROIC(5y)3.06%
1.3 Margins
FCR-UN has a better Profit Margin (33.94%) than 78.95% of its industry peers.
FCR-UN's Profit Margin has declined in the last couple of years.
FCR-UN's Operating Margin of 55.03% is fine compared to the rest of the industry. FCR-UN outperforms 60.53% of its industry peers.
FCR-UN's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 62.30%, FCR-UN perfoms like the industry average, outperforming 57.89% of the companies in the same industry.
FCR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.03% | ||
| PM (TTM) | 33.94% | ||
| GM | 62.3% |
OM growth 3Y2.04%
OM growth 5Y0.78%
PM growth 3Y-25.03%
PM growth 5Y-11.78%
GM growth 3Y1.22%
GM growth 5Y0.46%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FCR-UN is destroying value.
The number of shares outstanding for FCR-UN remains at a similar level compared to 1 year ago.
The number of shares outstanding for FCR-UN has been reduced compared to 5 years ago.
Compared to 1 year ago, FCR-UN has a worse debt to assets ratio.
2.2 Solvency
FCR-UN has an Altman-Z score of 0.84. This is a bad value and indicates that FCR-UN is not financially healthy and even has some risk of bankruptcy.
FCR-UN has a Altman-Z score of 0.84. This is in the better half of the industry: FCR-UN outperforms 78.95% of its industry peers.
FCR-UN has a debt to FCF ratio of 18.56. This is a negative value and a sign of low solvency as FCR-UN would need 18.56 years to pay back of all of its debts.
FCR-UN has a Debt to FCF ratio (18.56) which is in line with its industry peers.
A Debt/Equity ratio of 0.86 indicates that FCR-UN is somewhat dependend on debt financing.
FCR-UN's Debt to Equity ratio of 0.86 is fine compared to the rest of the industry. FCR-UN outperforms 71.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 18.56 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.63
WACC5.44%
2.3 Liquidity
FCR-UN has a Current Ratio of 0.66. This is a bad value and indicates that FCR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.66, FCR-UN is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
A Quick Ratio of 0.34 indicates that FCR-UN may have some problems paying its short term obligations.
FCR-UN's Quick ratio of 0.34 is fine compared to the rest of the industry. FCR-UN outperforms 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.34 |
3. Growth
3.1 Past
The earnings per share for FCR-UN have decreased strongly by -29.16% in the last year.
FCR-UN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.28% yearly.
Looking at the last year, FCR-UN shows a small growth in Revenue. The Revenue has grown by 3.11% in the last year.
FCR-UN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.91% yearly.
EPS 1Y (TTM)-29.16%
EPS 3Y-22.81%
EPS 5Y-11.28%
EPS Q2Q%-18.42%
Revenue 1Y (TTM)3.11%
Revenue growth 3Y1.87%
Revenue growth 5Y-0.91%
Sales Q2Q%4.18%
3.2 Future
The Earnings Per Share is expected to grow by 7.01% on average over the next years.
FCR-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.68% yearly.
EPS Next Y17.12%
EPS Next 2Y8.22%
EPS Next 3Y7.01%
EPS Next 5YN/A
Revenue Next Year3.11%
Revenue Next 2Y1.88%
Revenue Next 3Y1.68%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.39, FCR-UN is valued correctly.
65.79% of the companies in the same industry are more expensive than FCR-UN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FCR-UN to the average of the S&P500 Index (26.59), we can say FCR-UN is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 14.36, the valuation of FCR-UN can be described as correct.
FCR-UN's Price/Forward Earnings is on the same level as the industry average.
FCR-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.39 | ||
| Fwd PE | 14.36 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FCR-UN indicates a somewhat cheap valuation: FCR-UN is cheaper than 63.16% of the companies listed in the same industry.
FCR-UN's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. FCR-UN is more expensive than 60.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.34 | ||
| EV/EBITDA | 19.93 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.96
PEG (5Y)N/A
EPS Next 2Y8.22%
EPS Next 3Y7.01%
5. Dividend
5.1 Amount
FCR-UN has a Yearly Dividend Yield of 5.67%, which is a nice return.
FCR-UN's Dividend Yield is slightly below the industry average, which is at 7.11.
Compared to an average S&P500 Dividend Yield of 1.87, FCR-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.67% |
5.2 History
The dividend of FCR-UN has a limited annual growth rate of 0.08%.
FCR-UN has paid a dividend for at least 10 years, which is a reliable track record.
FCR-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.08%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
75.58% of the earnings are spent on dividend by FCR-UN. This is not a sustainable payout ratio.
FCR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP75.58%
EPS Next 2Y8.22%
EPS Next 3Y7.01%
TSX:FCR-UN (12/23/2025, 7:00:00 PM)
18.85
-0.1 (-0.53%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners48.39%
Inst Owner ChangeN/A
Ins Owners0.59%
Ins Owner ChangeN/A
Market Cap4.00B
Revenue(TTM)726.23M
Net Income(TTM)246.51M
Analysts75.71
Price Target21.9 (16.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.67% |
Yearly Dividend0.87
Dividend Growth(5Y)0.08%
DP75.58%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.3%
PT rev (3m)2.02%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.76%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.71%
Revenue NY rev (3m)0.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.39 | ||
| Fwd PE | 14.36 | ||
| P/S | 5.51 | ||
| P/FCF | 18.34 | ||
| P/OCF | 18.34 | ||
| P/B | 1 | ||
| P/tB | 1 | ||
| EV/EBITDA | 19.93 |
EPS(TTM)1.15
EY6.1%
EPS(NY)1.31
Fwd EY6.97%
FCF(TTM)1.03
FCFY5.45%
OCF(TTM)1.03
OCFY5.45%
SpS3.42
BVpS18.92
TBVpS18.92
PEG (NY)0.96
PEG (5Y)N/A
Graham Number22.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 6.13% | ||
| ROCE | 4.79% | ||
| ROIC | 3.45% | ||
| ROICexc | 3.46% | ||
| ROICexgc | 3.46% | ||
| OM | 55.03% | ||
| PM (TTM) | 33.94% | ||
| GM | 62.3% | ||
| FCFM | 30.07% |
ROA(3y)-0.3%
ROA(5y)0.74%
ROE(3y)-0.65%
ROE(5y)1.61%
ROIC(3y)3.29%
ROIC(5y)3.06%
ROICexc(3y)3.29%
ROICexc(5y)3.08%
ROICexgc(3y)3.29%
ROICexgc(5y)3.08%
ROCE(3y)4.56%
ROCE(5y)4.26%
ROICexgc growth 3Y7.33%
ROICexgc growth 5Y2.6%
ROICexc growth 3Y7.33%
ROICexc growth 5Y2.6%
OM growth 3Y2.04%
OM growth 5Y0.78%
PM growth 3Y-25.03%
PM growth 5Y-11.78%
GM growth 3Y1.22%
GM growth 5Y0.46%
F-Score4
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 18.56 | ||
| Debt/EBITDA | 8.58 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.68 | ||
| Cash Conversion | 54.3% | ||
| Profit Quality | 88.58% | ||
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.34 | ||
| Altman-Z | 0.84 |
F-Score4
WACC5.44%
ROIC/WACC0.63
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-29.16%
EPS 3Y-22.81%
EPS 5Y-11.28%
EPS Q2Q%-18.42%
EPS Next Y17.12%
EPS Next 2Y8.22%
EPS Next 3Y7.01%
EPS Next 5YN/A
Revenue 1Y (TTM)3.11%
Revenue growth 3Y1.87%
Revenue growth 5Y-0.91%
Sales Q2Q%4.18%
Revenue Next Year3.11%
Revenue Next 2Y1.88%
Revenue Next 3Y1.68%
Revenue Next 5YN/A
EBIT growth 1Y-0.45%
EBIT growth 3Y3.96%
EBIT growth 5Y-0.13%
EBIT Next Year6.59%
EBIT Next 3Y3.15%
EBIT Next 5YN/A
FCF growth 1Y1.82%
FCF growth 3Y-2.16%
FCF growth 5Y-2.77%
OCF growth 1Y1.82%
OCF growth 3Y-2.16%
OCF growth 5Y-2.77%
FIRST CAPITAL REAL ESTATE IN / FCR-UN.CA FAQ
Can you provide the ChartMill fundamental rating for FIRST CAPITAL REAL ESTATE IN?
ChartMill assigns a fundamental rating of 4 / 10 to FCR-UN.CA.
What is the valuation status for FCR-UN stock?
ChartMill assigns a valuation rating of 4 / 10 to FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for FIRST CAPITAL REAL ESTATE IN?
FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) has a profitability rating of 5 / 10.
How financially healthy is FIRST CAPITAL REAL ESTATE IN?
The financial health rating of FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) is 3 / 10.
What is the earnings growth outlook for FIRST CAPITAL REAL ESTATE IN?
The Earnings per Share (EPS) of FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) is expected to grow by 17.12% in the next year.