FEDERAL REALTY INVS TRUST (FRT) Stock Fundamental Analysis
USA - NYSE:FRT - US3137451015 - REIT
98.22 USD
+0.88 (+0.9%)
98.22 USD
0 (0%)
Overall FRT gets a fundamental rating of 5 out of 10. We evaluated FRT against 129 industry peers in the Diversified REITs industry. FRT has an excellent profitability rating, but there are some minor concerns on its financial health. FRT is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FRT had positive earnings in the past year.
In the past year FRT had a positive cash flow from operations.
In the past 5 years FRT has always been profitable.
In the past 5 years FRT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FRT (3.90%) is better than 86.05% of its industry peers.
FRT's Return On Equity of 10.36% is amongst the best of the industry. FRT outperforms 90.70% of its industry peers.
FRT's Return On Invested Capital of 4.15% is fine compared to the rest of the industry. FRT outperforms 77.52% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FRT is in line with the industry average of 3.01%.
The 3 year average ROIC (3.87%) for FRT is below the current ROIC(4.15%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.9% | ||
| ROE | 10.36% | ||
| ROIC | 4.15% |
ROA(3y)3.54%
ROA(5y)3.11%
ROE(3y)9.81%
ROE(5y)8.84%
ROIC(3y)3.87%
ROIC(5y)3.53%
1.3 Margins
FRT has a better Profit Margin (27.24%) than 82.95% of its industry peers.
FRT's Profit Margin has declined in the last couple of years.
The Operating Margin of FRT (34.99%) is better than 72.87% of its industry peers.
FRT's Operating Margin has declined in the last couple of years.
FRT has a Gross Margin (67.26%) which is comparable to the rest of the industry.
FRT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.99% | ||
| PM (TTM) | 27.24% | ||
| GM | 67.26% |
OM growth 3Y2.79%
OM growth 5Y-1.69%
PM growth 3Y-3.57%
PM growth 5Y-8.39%
GM growth 3Y0.35%
GM growth 5Y-0.19%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FRT is destroying value.
FRT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for FRT has been increased compared to 5 years ago.
Compared to 1 year ago, FRT has an improved debt to assets ratio.
2.2 Solvency
FRT has an Altman-Z score of 1.09. This is a bad value and indicates that FRT is not financially healthy and even has some risk of bankruptcy.
FRT has a Altman-Z score of 1.09. This is in the better half of the industry: FRT outperforms 79.84% of its industry peers.
FRT has a debt to FCF ratio of 27.16. This is a negative value and a sign of low solvency as FRT would need 27.16 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 27.16, FRT is doing good in the industry, outperforming 72.09% of the companies in the same industry.
A Debt/Equity ratio of 1.39 is on the high side and indicates that FRT has dependencies on debt financing.
FRT's Debt to Equity ratio of 1.39 is in line compared to the rest of the industry. FRT outperforms 47.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.39 | ||
| Debt/FCF | 27.16 | ||
| Altman-Z | 1.09 |
ROIC/WACC0.62
WACC6.67%
2.3 Liquidity
A Current Ratio of 1.71 indicates that FRT should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.71, FRT is doing good in the industry, outperforming 73.64% of the companies in the same industry.
A Quick Ratio of 1.71 indicates that FRT should not have too much problems paying its short term obligations.
FRT has a Quick ratio of 1.71. This is in the better half of the industry: FRT outperforms 73.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 42.09% over the past year.
Measured over the past years, FRT shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.41% on average per year.
Looking at the last year, FRT shows a small growth in Revenue. The Revenue has grown by 6.00% in the last year.
Measured over the past years, FRT shows a small growth in Revenue. The Revenue has been growing by 5.14% on average per year.
EPS 1Y (TTM)42.09%
EPS 3Y-3.13%
EPS 5Y-9.41%
EPS Q2Q%157.97%
Revenue 1Y (TTM)6%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%5.23%
3.2 Future
The Earnings Per Share is expected to grow by 7.15% on average over the next years.
FRT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.06% yearly.
EPS Next Y27.42%
EPS Next 2Y8.47%
EPS Next 3Y8.02%
EPS Next 5Y7.15%
Revenue Next Year5.04%
Revenue Next 2Y5.19%
Revenue Next 3Y4.7%
Revenue Next 5Y6.06%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.87 indicates a rather expensive valuation of FRT.
Compared to the rest of the industry, the Price/Earnings ratio of FRT indicates a somewhat cheap valuation: FRT is cheaper than 73.64% of the companies listed in the same industry.
FRT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.55, which is the current average of the S&P500 Index.
FRT is valuated quite expensively with a Price/Forward Earnings ratio of 29.81.
Based on the Price/Forward Earnings ratio, FRT is valued a bit cheaper than the industry average as 77.52% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.04, FRT is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.87 | ||
| Fwd PE | 29.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FRT is valued a bit more expensive than the industry average as 65.89% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FRT indicates a somewhat cheap valuation: FRT is cheaper than 62.79% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.14 | ||
| EV/EBITDA | 16.25 |
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.
FRT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.91
PEG (5Y)N/A
EPS Next 2Y8.47%
EPS Next 3Y8.02%
5. Dividend
5.1 Amount
FRT has a Yearly Dividend Yield of 4.65%, which is a nice return.
FRT's Dividend Yield is comparable with the industry average which is at 7.01.
FRT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
5.2 History
The dividend of FRT has a limited annual growth rate of 1.04%.
FRT has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of FRT decreased recently.
Dividend Growth(5Y)1.04%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FRT pays out 112.93% of its income as dividend. This is not a sustainable payout ratio.
The dividend of FRT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP112.93%
EPS Next 2Y8.47%
EPS Next 3Y8.02%
98.22
+0.88 (+0.9%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners97.31%
Inst Owner Change-0.02%
Ins Owners1%
Ins Owner Change-6.33%
Market Cap8.47B
Analysts77.39
Price Target110.43 (12.43%)
Short Float %2.35%
Short Ratio2.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
Yearly Dividend4.41
Dividend Growth(5Y)1.04%
DP112.93%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)70.38%
Min EPS beat(2)2.2%
Max EPS beat(2)138.56%
EPS beat(4)3
Avg EPS beat(4)34.48%
Min EPS beat(4)-4.4%
Max EPS beat(4)138.56%
EPS beat(8)4
Avg EPS beat(8)17.96%
EPS beat(12)8
Avg EPS beat(12)39.91%
EPS beat(16)12
Avg EPS beat(16)47.4%
Revenue beat(2)0
Avg Revenue beat(2)-0.28%
Min Revenue beat(2)-0.45%
Max Revenue beat(2)-0.1%
Revenue beat(4)1
Avg Revenue beat(4)-0.37%
Min Revenue beat(4)-0.93%
Max Revenue beat(4)0%
Revenue beat(8)1
Avg Revenue beat(8)-0.43%
Revenue beat(12)4
Avg Revenue beat(12)-0.09%
Revenue beat(16)8
Avg Revenue beat(16)0.8%
PT rev (1m)0.51%
PT rev (3m)-1.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.08%
EPS NY rev (1m)9.33%
EPS NY rev (3m)12.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.07%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.87 | ||
| Fwd PE | 29.81 | ||
| P/S | 6.86 | ||
| P/FCF | 51.14 | ||
| P/OCF | 14.28 | ||
| P/B | 2.61 | ||
| P/tB | 2.61 | ||
| EV/EBITDA | 16.25 |
EPS(TTM)3.95
EY4.02%
EPS(NY)3.29
Fwd EY3.35%
FCF(TTM)1.92
FCFY1.96%
OCF(TTM)6.88
OCFY7%
SpS14.32
BVpS37.66
TBVpS37.66
PEG (NY)0.91
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.9% | ||
| ROE | 10.36% | ||
| ROCE | 5.26% | ||
| ROIC | 4.15% | ||
| ROICexc | 4.24% | ||
| ROICexgc | 4.24% | ||
| OM | 34.99% | ||
| PM (TTM) | 27.24% | ||
| GM | 67.26% | ||
| FCFM | 13.41% |
ROA(3y)3.54%
ROA(5y)3.11%
ROE(3y)9.81%
ROE(5y)8.84%
ROIC(3y)3.87%
ROIC(5y)3.53%
ROICexc(3y)3.94%
ROICexc(5y)3.66%
ROICexgc(3y)3.95%
ROICexgc(5y)3.67%
ROCE(3y)4.89%
ROCE(5y)4.47%
ROICexcg growth 3Y6.41%
ROICexcg growth 5Y-1.68%
ROICexc growth 3Y6.44%
ROICexc growth 5Y-1.7%
OM growth 3Y2.79%
OM growth 5Y-1.69%
PM growth 3Y-3.57%
PM growth 5Y-8.39%
GM growth 3Y0.35%
GM growth 5Y-0.19%
F-Score7
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.39 | ||
| Debt/FCF | 27.16 | ||
| Debt/EBITDA | 5.75 | ||
| Cap/Depr | 122.09% | ||
| Cap/Sales | 34.61% | ||
| Interest Coverage | 2.61 | ||
| Cash Conversion | 75.81% | ||
| Profit Quality | 49.21% | ||
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.71 | ||
| Altman-Z | 1.09 |
F-Score7
WACC6.67%
ROIC/WACC0.62
Cap/Depr(3y)183.44%
Cap/Depr(5y)207.83%
Cap/Sales(3y)51.91%
Cap/Sales(5y)60.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)42.09%
EPS 3Y-3.13%
EPS 5Y-9.41%
EPS Q2Q%157.97%
EPS Next Y27.42%
EPS Next 2Y8.47%
EPS Next 3Y8.02%
EPS Next 5Y7.15%
Revenue 1Y (TTM)6%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%5.23%
Revenue Next Year5.04%
Revenue Next 2Y5.19%
Revenue Next 3Y4.7%
Revenue Next 5Y6.06%
EBIT growth 1Y6.61%
EBIT growth 3Y11.14%
EBIT growth 5Y3.37%
EBIT Next Year89.46%
EBIT Next 3Y27.78%
EBIT Next 5Y18.34%
FCF growth 1Y172.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.17%
OCF growth 3Y6.82%
OCF growth 5Y4.46%