FEDERAL REALTY INVS TRUST (FRT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FRT - US3137451015 - REIT
98.73 USD
+0.16 (+0.16%)
98.73 USD
0 (0%)
FRT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. FRT has an excellent profitability rating, but there are concerns on its financial health. While showing a medium growth rate, FRT is valued expensive at the moment.
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.
Each year in the past 5 years FRT has been profitable.
Each year in the past 5 years FRT had a positive operating cash flow.
1.2 Ratios
FRT has a better Return On Assets (3.81%) than 85.16% of its industry peers.
FRT's Return On Equity of 10.50% is amongst the best of the industry. FRT outperforms 89.84% 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 75.78% of the companies in the same industry.
FRT had an Average Return On Invested Capital over the past 3 years of 3.87%. This is in line with the industry average of 3.06%.
The last Return On Invested Capital (4.10%) for FRT is above the 3 year average (3.87%), which is a sign of increasing profitability.
| 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 better Profit Margin (26.90%) than 81.25% of its industry peers.
FRT's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 34.86%, FRT is doing good in the industry, outperforming 71.88% of the companies in the same industry.
In the last couple of years the Operating Margin of FRT has declined.
Looking at the Gross Margin, with a value of 67.29%, FRT is in line with its industry, outperforming 52.34% of the companies in the same 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
The debt/assets ratio for FRT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.04, we must say that FRT is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of FRT (1.04) is better than 76.56% 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.
With a Debt to Equity ratio value of 1.47, FRT perfoms like the industry average, outperforming 42.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.04 |
ROIC/WACC0.61
WACC6.67%
2.3 Liquidity
A Current Ratio of 1.57 indicates that FRT should not have too much problems paying its short term obligations.
The Current ratio of FRT (1.57) is better than 67.97% 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 68.75% 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.
The Earnings Per Share has been decreasing by -9.41% on average over the past years.
FRT shows a small growth in Revenue. In the last year, the Revenue has grown by 6.05%.
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)6.05%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%3.15%
3.2 Future
Based on estimates for the next years, FRT will show a small growth in Earnings Per Share. The EPS will grow by 7.15% on average per year.
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 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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 25.06, 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/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.31. FRT is around the same levels.
FRT is valuated quite expensively with a Price/Forward Earnings ratio of 29.88.
76.56% of the companies in the same industry are more expensive than FRT, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FRT to the average of the S&P500 Index (36.59), we can say FRT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.06 | ||
| Fwd PE | 29.88 |
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 62.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.52 |
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)0.72
PEG (5Y)N/A
EPS Next 2Y8.64%
EPS Next 3Y7.86%
5. Dividend
5.1 Amount
FRT has a Yearly Dividend Yield of 4.59%, which is a nice return.
Compared to an average industry Dividend Yield of 6.38, FRT has a dividend in line with its industry peers.
FRT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.59% |
5.2 History
The dividend of FRT has a limited annual growth rate of 1.04%.
FRT has paid a dividend for at least 10 years, which is 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.
The dividend of FRT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP113.83%
EPS Next 2Y8.64%
EPS Next 3Y7.86%
98.73
+0.16 (+0.16%)
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 Change1.48%
Ins Owners1%
Ins Owner Change-6.33%
Market Cap8.52B
Revenue(TTM)1.25B
Net Income(TTM)337.38M
Analysts75.65
Price Target110.81 (12.24%)
Short Float %2.37%
Short Ratio3.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.59% |
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)0.35%
PT rev (3m)0.85%
EPS NQ rev (1m)-5.72%
EPS NQ rev (3m)-3.72%
EPS NY rev (1m)-3.17%
EPS NY rev (3m)15.68%
Revenue NQ rev (1m)0.33%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.06 | ||
| Fwd PE | 29.88 | ||
| P/S | 6.79 | ||
| P/FCF | N/A | ||
| P/OCF | 14.26 | ||
| P/B | 2.65 | ||
| P/tB | 2.65 | ||
| EV/EBITDA | 16.52 |
EPS(TTM)3.94
EY3.99%
EPS(NY)3.3
Fwd EY3.35%
FCF(TTM)-0.75
FCFYN/A
OCF(TTM)6.92
OCFY7.01%
SpS14.54
BVpS37.26
TBVpS37.26
PEG (NY)0.72
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 | 1.04 |
F-Score6
WACC6.67%
ROIC/WACC0.61
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)6.05%
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 1Y6.3%
EBIT growth 3Y11.14%
EBIT growth 5Y3.37%
EBIT Next Year89.46%
EBIT Next 3Y27.78%
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 25.06 and the Price/Book (PB) ratio is 2.65.
How financially healthy is FEDERAL REALTY INVS TRUST?
The financial health rating of FEDERAL REALTY INVS TRUST (FRT) is 3 / 10.