FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:FCR-UN - CA31890B1031 - REIT
19.4 CAD
+0.26 (+1.36%)
Overall FCR-UN gets a fundamental rating of 4 out of 10. We evaluated FCR-UN against 37 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.
FCR-UN had a positive operating cash flow in the past year.
In multiple years FCR-UN reported negative net income over the last 5 years.
Each year in the past 5 years FCR-UN had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.69%, FCR-UN is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
The Return On Equity of FCR-UN (6.13%) is better than 67.57% 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 62.16% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FCR-UN is below the industry average of 5.57%.
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 78.38% of its industry peers.
In the last couple of years the Profit Margin of FCR-UN has declined.
FCR-UN has a Operating Margin (55.03%) which is in line with its industry peers.
FCR-UN's Operating Margin has been stable in the last couple of years.
FCR-UN has a Gross Margin of 62.30%. This is comparable to the rest of the industry: FCR-UN outperforms 56.76% of its industry peers.
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.
FCR-UN has about the same amout of shares outstanding than it did 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 0.85. 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 better Altman-Z score (0.85) than 78.38% 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 of 18.56. This is comparable to the rest of the industry: FCR-UN outperforms 40.54% of its industry peers.
FCR-UN has a Debt/Equity ratio of 0.86. This is a neutral value indicating FCR-UN is somewhat dependend on debt financing.
FCR-UN has a Debt to Equity ratio of 0.86. This is in the better half of the industry: FCR-UN outperforms 70.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 18.56 | ||
| Altman-Z | 0.85 |
ROIC/WACC0.63
WACC5.47%
2.3 Liquidity
A Current Ratio of 0.66 indicates that FCR-UN may have some problems paying its short term obligations.
With a decent Current ratio value of 0.66, FCR-UN is doing good in the industry, outperforming 78.38% 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 has a Quick ratio of 0.34. This is in the better half of the industry: FCR-UN outperforms 70.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.34 |
3. Growth
3.1 Past
FCR-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -29.16%.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
FCR-UN is valuated correctly with a Price/Earnings ratio of 16.87.
Based on the Price/Earnings ratio, FCR-UN is valued a bit cheaper than 64.86% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.19, FCR-UN is valued a bit cheaper.
The Price/Forward Earnings ratio is 14.78, which indicates a correct valuation of FCR-UN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FCR-UN is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of FCR-UN to the average of the S&P500 Index (23.92), we can say FCR-UN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.87 | ||
| Fwd PE | 14.78 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FCR-UN is valued a bit cheaper than the industry average as 64.86% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FCR-UN indicates a slightly more expensive valuation: FCR-UN is more expensive than 62.16% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.87 | ||
| EV/EBITDA | 20.22 |
4.3 Compensation for Growth
FCR-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.99
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.
Compared to an average industry Dividend Yield of 7.04, FCR-UN is paying slightly less dividend.
FCR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| 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 (1/9/2026, 7:00:00 PM)
19.4
+0.26 (+1.36%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners48.43%
Inst Owner ChangeN/A
Ins Owners0.59%
Ins Owner ChangeN/A
Market Cap4.12B
Revenue(TTM)726.23M
Net Income(TTM)246.51M
Analysts75.71
Price Target21.96 (13.2%)
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-DateN/A
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)0.23%
PT rev (3m)2.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.76%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.87 | ||
| Fwd PE | 14.78 | ||
| P/S | 5.68 | ||
| P/FCF | 18.87 | ||
| P/OCF | 18.87 | ||
| P/B | 1.03 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 20.22 |
EPS(TTM)1.15
EY5.93%
EPS(NY)1.31
Fwd EY6.77%
FCF(TTM)1.03
FCFY5.3%
OCF(TTM)1.03
OCFY5.3%
SpS3.42
BVpS18.92
TBVpS18.92
PEG (NY)0.99
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 | 0.85 |
F-Score4
WACC5.47%
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.
Can you provide the valuation status for FIRST CAPITAL REAL ESTATE IN?
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.
What are the PE and PB ratios of FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) stock?
The Price/Earnings (PE) ratio for FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) is 16.87 and the Price/Book (PB) ratio is 1.03.
Can you provide the dividend sustainability for FCR-UN stock?
The dividend rating of FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) is 6 / 10 and the dividend payout ratio is 75.58%.