FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) Stock Fundamental Analysis
Canada - TSX:FCR-UN - CA31890B1031 - REIT
19.4 CAD
-0.02 (-0.1%)
We assign a fundamental rating of 4 out of 10 to FCR-UN. FCR-UN was compared to 35 industry peers in the Diversified REITs industry. FCR-UN has a medium profitability rating, but doesn't score so well on its financial health evaluation. FCR-UN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FCR-UN had positive earnings in the past year.
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.
FCR-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FCR-UN has a better Return On Assets (2.78%) than 88.57% of its industry peers.
Looking at the Return On Equity, with a value of 6.53%, FCR-UN belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.53%, FCR-UN is doing worse than 60.00% of the companies in the same industry.
FCR-UN had an Average Return On Invested Capital over the past 3 years of 3.29%. This is in line with the industry average of 5.08%.
The 3 year average ROIC (3.29%) for FCR-UN is below the current ROIC(3.53%), indicating increased profibility in the last year.
| 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
With an excellent Profit Margin value of 36.32%, FCR-UN belongs to the best of the industry, outperforming 88.57% of the companies in the same industry.
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 65.71% 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.
With a Gross Margin value of 62.37%, FCR-UN perfoms like the industry average, outperforming 54.29% 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 | 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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 0.81. This is a bad value and indicates that FCR-UN is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 0.81, FCR-UN belongs to the best of the industry, outperforming 82.86% 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.
The Debt to FCF ratio of FCR-UN (19.36) is worse than 60.00% of its industry peers.
A Debt/Equity ratio of 0.83 indicates that FCR-UN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.83, FCR-UN is in the better half of the industry, outperforming 74.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 19.36 | ||
| Altman-Z | 0.81 |
ROIC/WACC0.64
WACC5.49%
2.3 Liquidity
FCR-UN has a Current Ratio of 0.72. 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.
With an excellent Current ratio value of 0.72, FCR-UN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
FCR-UN has a Quick Ratio of 0.72. 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.
FCR-UN has a better Quick ratio (0.50) than 77.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
FCR-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 520.34%, which is quite impressive.
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.
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.
The Revenue is expected to grow by 2.32% on average over the next years.
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
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.
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
A Price/Earnings ratio of 15.90 indicates a correct valuation of FCR-UN.
FCR-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. FCR-UN is cheaper than 77.14% of the companies in the same industry.
FCR-UN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
FCR-UN is valuated correctly with a Price/Forward Earnings ratio of 14.55.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FCR-UN is on the same level as its industry peers.
FCR-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.9 | ||
| Fwd PE | 14.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FCR-UN is valued a bit cheaper than the industry average as 68.57% 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 65.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.65 | ||
| EV/EBITDA | 20.03 |
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.
The decent profitability rating of FCR-UN may justify a higher PE ratio.
PEG (NY)0.88
PEG (5Y)N/A
EPS Next 2Y9.05%
EPS Next 3Y6.21%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.67%, FCR-UN is a good candidate for dividend investing.
FCR-UN's Dividend Yield is slightly below the industry average, which is at 7.89.
FCR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| 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
71.15% 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.
DP71.15%
EPS Next 2Y9.05%
EPS Next 3Y6.21%
TSX:FCR-UN (10/23/2025, 7:00:00 PM)
19.4
-0.02 (-0.1%)
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 Cap4.12B
Revenue(TTM)718.95M
Net Income(TTM)261.09M
Analysts75.71
Price Target21.47 (10.67%)
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%
PT rev (3m)6.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.77%
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 | 15.9 | ||
| Fwd PE | 14.55 | ||
| P/S | 5.73 | ||
| P/FCF | 18.65 | ||
| P/OCF | 18.65 | ||
| P/B | 1.03 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 20.03 |
EPS(TTM)1.22
EY6.29%
EPS(NY)1.33
Fwd EY6.87%
FCF(TTM)1.04
FCFY5.36%
OCF(TTM)1.04
OCFY5.36%
SpS3.38
BVpS18.83
TBVpS18.83
PEG (NY)0.88
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
WACC5.49%
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 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 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.