FEDERAL REALTY INVS TRUST (FRT) Stock Fundamental Analysis
USA - NYSE:FRT - US3137451015 - REIT
97.03 USD
-0.6 (-0.61%)
97.03 USD
0 (0%)
Taking everything into account, FRT scores 5 out of 10 in our fundamental rating. FRT was compared to 128 industry peers in the Diversified REITs industry. While FRT has a great profitability rating, there are some minor concerns on its financial health. FRT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year FRT was profitable.
In the past year FRT had a positive cash flow from operations.
FRT had positive earnings in each of the past 5 years.
FRT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 3.90%, FRT belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
With an excellent Return On Equity value of 10.36%, FRT belongs to the best of the industry, outperforming 89.84% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.15%, FRT is in the better half of the industry, outperforming 77.34% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FRT is in line with the industry average of 3.04%.
The last Return On Invested Capital (4.15%) for FRT is above the 3 year average (3.87%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 27.24%, FRT belongs to the top of the industry, outperforming 82.03% of the companies in the same industry.
In the last couple of years the Profit Margin of FRT has declined.
The Operating Margin of FRT (34.99%) is better than 72.66% of its industry peers.
FRT's Operating Margin has declined in the last couple of years.
FRT has a Gross Margin of 67.26%. This is comparable to the rest of the industry: FRT outperforms 52.34% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FRT is destroying value.
The number of shares outstanding for FRT has been increased compared to 1 year ago.
The number of shares outstanding for FRT has been increased compared to 5 years ago.
FRT has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.09, we must say that FRT is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.09, FRT belongs to the best of the industry, outperforming 80.47% of the companies in the same industry.
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.
FRT's Debt to FCF ratio of 27.16 is fine compared to the rest of the industry. FRT outperforms 73.44% of its industry peers.
A Debt/Equity ratio of 1.39 is on the high side and indicates that FRT has dependencies on debt financing.
The Debt to Equity ratio of FRT (1.39) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.39 | ||
| Debt/FCF | 27.16 | ||
| Altman-Z | 1.09 |
ROIC/WACC0.62
WACC6.7%
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 76.56% 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.
The Quick ratio of FRT (1.71) is better than 76.56% 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 40.21% over the past year.
The Earnings Per Share has been decreasing by -9.41% on average over the past years.
Looking at the last year, FRT shows a small growth in Revenue. The Revenue has grown by 6.21% 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)40.21%
EPS 3Y-3.13%
EPS 5Y-9.41%
EPS Q2Q%-1.43%
Revenue 1Y (TTM)6.21%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%3.15%
3.2 Future
FRT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.15% yearly.
The Revenue is expected to grow by 5.20% on average over the next years.
EPS Next Y34.83%
EPS Next 2Y8.64%
EPS Next 3Y7.86%
EPS Next 5Y7.15%
Revenue Next Year4.95%
Revenue Next 2Y5.07%
Revenue Next 3Y4.25%
Revenue Next 5Y5.2%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 24.63, the valuation of FRT can be described as rather expensive.
Based on the Price/Earnings ratio, FRT is valued a bit cheaper than the industry average as 76.56% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 25.89. FRT is around the same levels.
The Price/Forward Earnings ratio is 29.36, which means the current valuation is very expensive for FRT.
76.56% of the companies in the same industry are more expensive than FRT, based on the Price/Forward Earnings ratio.
FRT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.63 | ||
| Fwd PE | 29.36 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FRT indicates a slightly more expensive valuation: FRT is more expensive than 60.94% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FRT is valued a bit cheaper than the industry average as 64.06% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.52 | ||
| EV/EBITDA | 16.28 |
4.3 Compensation for Growth
FRT'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 FRT may justify a higher PE ratio.
PEG (NY)0.71
PEG (5Y)N/A
EPS Next 2Y8.64%
EPS Next 3Y7.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.71%, FRT is a good candidate for dividend investing.
FRT's Dividend Yield is comparable with the industry average which is at 6.31.
Compared to an average S&P500 Dividend Yield of 2.36, FRT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.71% |
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
112.93% of the earnings are spent on dividend by FRT. This is not a sustainable payout ratio.
FRT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP112.93%
EPS Next 2Y8.64%
EPS Next 3Y7.86%
97.03
-0.6 (-0.61%)
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 Change0.13%
Ins Owners1%
Ins Owner Change-6.33%
Market Cap8.37B
Revenue(TTM)1.20B
Net Income(TTM)336.68M
Analysts75.65
Price Target111.27 (14.68%)
Short Float %1.98%
Short Ratio2.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.71% |
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)0.76%
PT rev (3m)-0.26%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)-10.61%
EPS NY rev (1m)5.81%
EPS NY rev (3m)19.55%
Revenue NQ rev (1m)-0.88%
Revenue NQ rev (3m)-0.96%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.63 | ||
| Fwd PE | 29.36 | ||
| P/S | 6.77 | ||
| P/FCF | 50.52 | ||
| P/OCF | 14.11 | ||
| P/B | 2.58 | ||
| P/tB | 2.58 | ||
| EV/EBITDA | 16.28 |
EPS(TTM)3.94
EY4.06%
EPS(NY)3.3
Fwd EY3.41%
FCF(TTM)1.92
FCFY1.98%
OCF(TTM)6.88
OCFY7.09%
SpS14.32
BVpS37.66
TBVpS37.66
PEG (NY)0.71
PEG (5Y)N/A
Graham Number57.78
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%
ROICexgc growth 3Y6.41%
ROICexgc 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
WACC6.7%
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)40.21%
EPS 3Y-3.13%
EPS 5Y-9.41%
EPS Q2Q%-1.43%
EPS Next Y34.83%
EPS Next 2Y8.64%
EPS Next 3Y7.86%
EPS Next 5Y7.15%
Revenue 1Y (TTM)6.21%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%3.15%
Revenue Next Year4.95%
Revenue Next 2Y5.07%
Revenue Next 3Y4.25%
Revenue Next 5Y5.2%
EBIT growth 1Y6.61%
EBIT growth 3Y11.14%
EBIT growth 5Y3.37%
EBIT Next Year89.46%
EBIT Next 3Y27.78%
EBIT Next 5Y18.35%
FCF growth 1Y172.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.17%
OCF growth 3Y6.82%
OCF growth 5Y4.46%
FEDERAL REALTY INVS TRUST / FRT FAQ
Can you provide the ChartMill fundamental rating for FEDERAL REALTY INVS TRUST?
ChartMill assigns a fundamental rating of 5 / 10 to FRT.
What is the valuation status for FRT stock?
ChartMill assigns a valuation rating of 4 / 10 to FEDERAL REALTY INVS TRUST (FRT). This can be considered as Fairly Valued.
How profitable is FEDERAL REALTY INVS TRUST (FRT) stock?
FEDERAL REALTY INVS TRUST (FRT) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for FRT stock?
The Price/Earnings (PE) ratio for FEDERAL REALTY INVS TRUST (FRT) is 24.63 and the Price/Book (PB) ratio is 2.58.
How financially healthy is FEDERAL REALTY INVS TRUST?
The financial health rating of FEDERAL REALTY INVS TRUST (FRT) is 4 / 10.