FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) Stock Fundamental Analysis
Canada - TSX:FCR-UN - CA31890B1031 - REIT
19.06 CAD
+0.05 (+0.26%)
Taking everything into account, FCR-UN scores 5 out of 10 in our fundamental rating. FCR-UN was compared to 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 is not valued too expensively and it also shows a decent growth rate.
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.
The reported net income has been mixed in the past 5 years: FCR-UN reported negative net income in multiple years.
In the past 5 years FCR-UN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.78%, FCR-UN belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.53%, FCR-UN belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
The Return On Invested Capital of FCR-UN (3.53%) is worse than 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 5.45%.
The last Return On Invested Capital (3.53%) for FCR-UN is above the 3 year average (3.29%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.78% | ||
| ROE | 6.53% | ||
| ROIC | 3.53% |
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's Profit Margin of 36.32% is amongst the best of the industry. FCR-UN outperforms 89.47% of its industry peers.
In the last couple of years the Profit Margin of FCR-UN has declined.
FCR-UN has a Operating Margin of 56.03%. This is in the better half of the industry: FCR-UN outperforms 68.42% of its industry peers.
In the last couple of years the Operating Margin of FCR-UN has remained more or less at the same level.
FCR-UN's Gross Margin of 62.37% is in line compared to the rest of the industry. FCR-UN outperforms 57.89% of its industry peers.
FCR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.03% | ||
| PM (TTM) | 36.32% | ||
| GM | 62.37% |
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.
Compared to 1 year ago, FCR-UN has about the same amount of shares outstanding.
FCR-UN has less shares outstanding than it did 5 years ago.
FCR-UN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.81, we must say that FCR-UN is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 0.81, FCR-UN is doing good in the industry, outperforming 78.95% of the companies in the same industry.
The Debt to FCF ratio of FCR-UN is 19.36, which is on the high side as it means it would take FCR-UN, 19.36 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 19.36, FCR-UN is in line with its industry, outperforming 42.11% of the companies in the same industry.
A Debt/Equity ratio of 0.83 indicates that FCR-UN is somewhat dependend on debt financing.
FCR-UN's Debt to Equity ratio of 0.83 is fine compared to the rest of the industry. FCR-UN outperforms 73.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 19.36 | ||
| Altman-Z | 0.81 |
ROIC/WACC0.64
WACC5.48%
2.3 Liquidity
A Current Ratio of 0.72 indicates that FCR-UN may have some problems paying its short term obligations.
The Current ratio of FCR-UN (0.72) is better than 84.21% of its industry peers.
A Quick Ratio of 0.50 indicates that FCR-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.50, FCR-UN is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 520.34% over the past year.
Measured over the past years, FCR-UN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.28% on average per year.
The Revenue has been growing slightly by 2.82% in the past year.
The Revenue has been decreasing by -0.91% on average over the past years.
EPS 1Y (TTM)520.34%
EPS 3Y-22.81%
EPS 5Y-11.28%
EPS Q2Q%273.7%
Revenue 1Y (TTM)2.82%
Revenue growth 3Y1.87%
Revenue growth 5Y-0.91%
Sales Q2Q%2.24%
3.2 Future
FCR-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.21% yearly.
FCR-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.32% yearly.
EPS Next Y18.02%
EPS Next 2Y9.05%
EPS Next 3Y6.21%
EPS Next 5YN/A
Revenue Next Year2.39%
Revenue Next 2Y1.5%
Revenue Next 3Y2.32%
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
With a Price/Earnings ratio of 15.62, FCR-UN is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of FCR-UN indicates a somewhat cheap valuation: FCR-UN is cheaper than 78.95% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.67. FCR-UN is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 14.30 indicates a correct valuation of FCR-UN.
FCR-UN's Price/Forward Earnings is on the same level as the industry average.
FCR-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 31.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.62 | ||
| Fwd PE | 14.3 |
4.2 Price Multiples
71.05% of the companies in the same industry are more expensive than FCR-UN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FCR-UN is valued a bit more expensive than 60.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.32 | ||
| EV/EBITDA | 19.85 |
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.
FCR-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.87
PEG (5Y)N/A
EPS Next 2Y9.05%
EPS Next 3Y6.21%
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 7.95.
FCR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| 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 been paying a dividend for at least 10 years, so it has 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
71.15% of the earnings are spent on dividend by FCR-UN. This is not a sustainable payout ratio.
The dividend of FCR-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP71.15%
EPS Next 2Y9.05%
EPS Next 3Y6.21%
TSX:FCR-UN (11/6/2025, 7:00:00 PM)
19.06
+0.05 (+0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners48.33%
Inst Owner ChangeN/A
Ins Owners0.49%
Ins Owner ChangeN/A
Market Cap4.05B
Revenue(TTM)718.95M
Net Income(TTM)261.09M
Analysts75.71
Price Target21.62 (13.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.67% |
Yearly Dividend0.87
Dividend Growth(5Y)0.08%
DP71.15%
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)0.71%
PT rev (3m)6.8%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)9.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.62 | ||
| Fwd PE | 14.3 | ||
| P/S | 5.63 | ||
| P/FCF | 18.32 | ||
| P/OCF | 18.32 | ||
| P/B | 1.01 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 19.85 |
EPS(TTM)1.22
EY6.4%
EPS(NY)1.33
Fwd EY6.99%
FCF(TTM)1.04
FCFY5.46%
OCF(TTM)1.04
OCFY5.46%
SpS3.38
BVpS18.83
TBVpS18.83
PEG (NY)0.87
PEG (5Y)N/A
Graham Number22.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.78% | ||
| ROE | 6.53% | ||
| ROCE | 4.91% | ||
| ROIC | 3.53% | ||
| ROICexc | 3.66% | ||
| ROICexgc | 3.66% | ||
| OM | 56.03% | ||
| PM (TTM) | 36.32% | ||
| GM | 62.37% | ||
| FCFM | 30.74% |
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-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 19.36 | ||
| Debt/EBITDA | 8.2 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.53 | ||
| Cash Conversion | 54.51% | ||
| Profit Quality | 84.64% | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z | 0.81 |
F-Score6
WACC5.48%
ROIC/WACC0.64
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)520.34%
EPS 3Y-22.81%
EPS 5Y-11.28%
EPS Q2Q%273.7%
EPS Next Y18.02%
EPS Next 2Y9.05%
EPS Next 3Y6.21%
EPS Next 5YN/A
Revenue 1Y (TTM)2.82%
Revenue growth 3Y1.87%
Revenue growth 5Y-0.91%
Sales Q2Q%2.24%
Revenue Next Year2.39%
Revenue Next 2Y1.5%
Revenue Next 3Y2.32%
Revenue Next 5YN/A
EBIT growth 1Y-0.23%
EBIT growth 3Y3.96%
EBIT growth 5Y-0.13%
EBIT Next Year6.32%
EBIT Next 3Y4.02%
EBIT Next 5YN/A
FCF growth 1Y-1.94%
FCF growth 3Y-2.16%
FCF growth 5Y-2.77%
OCF growth 1Y-1.94%
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 5 / 10 to FCR-UN.CA.
What is the valuation status for FCR-UN stock?
ChartMill assigns a valuation rating of 5 / 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 6 / 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 18.02% in the next year.