FEDERAL REALTY INVS TRUST (FRT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FRT - US3137451015 - REIT
101.37 USD
-0.28 (-0.28%)
101.37 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. FRT scores excellent on profitability, but there are concerns on its financial health. FRT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FRT had positive earnings in the past year.
FRT had a positive operating cash flow in the past year.
Each year in the past 5 years FRT has been profitable.
FRT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.81%, FRT belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
FRT's Return On Equity of 10.50% is amongst the best of the industry. FRT outperforms 86.72% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.10%, FRT is in the better half of the industry, outperforming 78.91% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FRT is in line with the industry average of 3.05%.
The 3 year average ROIC (3.87%) for FRT is below the current ROIC(4.10%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.81% | ||
| ROE | 10.5% | ||
| ROIC | 4.1% |
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 Profit Margin of 26.90%. This is in the better half of the industry: FRT outperforms 78.13% of its industry peers.
FRT's Profit Margin has declined in the last couple of years.
FRT has a Operating Margin of 34.86%. This is in the better half of the industry: FRT outperforms 71.88% of its industry peers.
In the last couple of years the Operating Margin of FRT has declined.
The Gross Margin of FRT (67.29%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of FRT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.86% | ||
| PM (TTM) | 26.9% | ||
| GM | 67.29% |
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
Based on the Altman-Z score of 1.07, we must say that FRT is in the distress zone and has some risk of bankruptcy.
FRT's Altman-Z score of 1.07 is fine compared to the rest of the industry. FRT outperforms 79.69% of its industry peers.
FRT has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
FRT has a Debt to Equity ratio (1.47) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.07 |
ROIC/WACC0.6
WACC6.79%
2.3 Liquidity
A Current Ratio of 1.57 indicates that FRT should not have too much problems paying its short term obligations.
FRT has a better Current ratio (1.57) than 71.09% of its industry peers.
FRT has a Quick Ratio of 1.57. This is a normal value and indicates that FRT is financially healthy and should not expect problems in meeting its short term obligations.
FRT's Quick ratio of 1.57 is fine compared to the rest of the industry. FRT outperforms 71.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.57 |
3. Growth
3.1 Past
FRT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.21%, which is quite impressive.
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.
The Revenue has been growing slightly by 6.05% in the past year.
The Revenue has been growing slightly by 5.14% on average over the past years.
EPS 1Y (TTM)40.21%
EPS 3Y-3.13%
EPS 5Y-9.41%
EPS Q2Q%-1.43%
Revenue 1Y (TTM)6.05%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%3.15%
3.2 Future
The Earnings Per Share is expected to grow by 7.15% on average over the next years.
Based on estimates for the next years, FRT will show a small growth in Revenue. The Revenue will grow by 5.20% on average per year.
EPS Next Y39.87%
EPS Next 2Y5.56%
EPS Next 3Y5.59%
EPS Next 5Y7.15%
Revenue Next Year5.04%
Revenue Next 2Y5.15%
Revenue Next 3Y4.45%
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
A Price/Earnings ratio of 25.73 indicates a quite expensive valuation of FRT.
71.88% of the companies in the same industry are more expensive than FRT, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FRT to the average of the S&P500 Index (26.38), we can say FRT is valued inline with the index average.
With a Price/Forward Earnings ratio of 32.49, FRT can be considered very expensive at the moment.
73.44% of the companies in the same industry are more expensive than FRT, based on the Price/Forward Earnings ratio.
FRT is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.73 | ||
| Fwd PE | 32.49 |
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 67.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.85 |
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.
The decent profitability rating of FRT may justify a higher PE ratio.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y5.56%
EPS Next 3Y5.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.45%, FRT is a good candidate for dividend investing.
FRT's Dividend Yield is comparable with the industry average which is at 6.34.
FRT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
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 113.83% of its income as dividend. This is not a sustainable payout ratio.
FRT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP113.83%
EPS Next 2Y5.56%
EPS Next 3Y5.59%
101.37
-0.28 (-0.28%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.61%
Inst Owner Change1.5%
Ins Owners1%
Ins Owner Change-6.33%
Market Cap8.75B
Revenue(TTM)1.25B
Net Income(TTM)337.38M
Analysts75.65
Price Target110.87 (9.37%)
Short Float %2.21%
Short Ratio3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
Yearly Dividend4.41
Dividend Growth(5Y)1.04%
DP113.83%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)62.7%
Min EPS beat(2)-13.16%
Max EPS beat(2)138.56%
EPS beat(4)3
Avg EPS beat(4)32.29%
Min EPS beat(4)-13.16%
Max EPS beat(4)138.56%
EPS beat(8)4
Avg EPS beat(8)16.47%
EPS beat(12)7
Avg EPS beat(12)22.23%
EPS beat(16)11
Avg EPS beat(16)43.27%
Revenue beat(2)0
Avg Revenue beat(2)-1.01%
Min Revenue beat(2)-1.57%
Max Revenue beat(2)-0.45%
Revenue beat(4)0
Avg Revenue beat(4)-0.76%
Min Revenue beat(4)-1.57%
Max Revenue beat(4)-0.1%
Revenue beat(8)1
Avg Revenue beat(8)-0.63%
Revenue beat(12)3
Avg Revenue beat(12)-0.54%
Revenue beat(16)7
Avg Revenue beat(16)0.29%
PT rev (1m)-0.36%
PT rev (3m)0.34%
EPS NQ rev (1m)-2.83%
EPS NQ rev (3m)-3.91%
EPS NY rev (1m)3.74%
EPS NY rev (3m)20.01%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)0.12%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.73 | ||
| Fwd PE | 32.49 | ||
| P/S | 6.97 | ||
| P/FCF | N/A | ||
| P/OCF | 14.65 | ||
| P/B | 2.72 | ||
| P/tB | 2.72 | ||
| EV/EBITDA | 16.85 |
EPS(TTM)3.94
EY3.89%
EPS(NY)3.12
Fwd EY3.08%
FCF(TTM)-0.75
FCFYN/A
OCF(TTM)6.92
OCFY6.83%
SpS14.54
BVpS37.26
TBVpS37.26
PEG (NY)0.65
PEG (5Y)N/A
Graham Number57.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.81% | ||
| ROE | 10.5% | ||
| ROCE | 5.18% | ||
| ROIC | 4.1% | ||
| ROICexc | 4.15% | ||
| ROICexgc | 4.15% | ||
| OM | 34.86% | ||
| PM (TTM) | 26.9% | ||
| GM | 67.29% | ||
| FCFM | N/A |
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-Score6
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.96 | ||
| Cap/Depr | 185.12% | ||
| Cap/Sales | 52.77% | ||
| Interest Coverage | 2.62 | ||
| Cash Conversion | 75.13% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.57 | ||
| Altman-Z | 1.07 |
F-Score6
WACC6.79%
ROIC/WACC0.6
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 Y39.87%
EPS Next 2Y5.56%
EPS Next 3Y5.59%
EPS Next 5Y7.15%
Revenue 1Y (TTM)6.05%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%3.15%
Revenue Next Year5.04%
Revenue Next 2Y5.15%
Revenue Next 3Y4.45%
Revenue Next 5Y5.2%
EBIT growth 1Y6.3%
EBIT growth 3Y11.14%
EBIT growth 5Y3.37%
EBIT Next Year89.64%
EBIT Next 3Y27.83%
EBIT Next 5Y18.35%
FCF growth 1Y-156.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.43%
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 3 / 10 to FEDERAL REALTY INVS TRUST (FRT). This can be considered as Overvalued.
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 25.73 and the Price/Book (PB) ratio is 2.72.
How financially healthy is FEDERAL REALTY INVS TRUST?
The financial health rating of FEDERAL REALTY INVS TRUST (FRT) is 3 / 10.