FRANKLIN STREET PROPERTIES C (FSP)
US35471R1068 - REIT
We assign a fundamental rating of 2 out of 10 to FSP. FSP was compared to 130 industry peers in the Diversified REITs industry. FSP scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FSP has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
FSP had negative earnings in the past year.
In the past year FSP had a positive cash flow from operations.
FSP had positive earnings in 4 of the past 5 years.
In the past 5 years FSP always reported a positive cash flow from operatings.
1.2 Ratios
FSP has a worse Return On Assets (-4.14%) than 87.50% of its industry peers.
FSP's Return On Equity of -6.10% is on the low side compared to the rest of the industry. FSP is outperformed by 75.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.14% | ||
| ROE | -6.1% | ||
| ROIC | N/A |
ROA(3y)0.92%
ROA(5y)0.99%
ROE(3y)1.74%
ROE(5y)2.06%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FSP's Gross Margin of 44.79% is on the low side compared to the rest of the industry. FSP is outperformed by 82.81% of its industry peers.
FSP's Gross Margin has declined in the last couple of years.
FSP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 44.79% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.31%
GM growth 5Y-3.87%
2. Health
2.1 Basic Checks
FSP does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FSP remains at a similar level compared to 1 year ago.
The number of shares outstanding for FSP has been reduced compared to 5 years ago.
FSP has a worse debt/assets ratio than last year.
2.2 Solvency
FSP has an Altman-Z score of -0.42. This is a bad value and indicates that FSP is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -0.42, FSP is not doing good in the industry: 90.63% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.41 indicates that FSP is not too dependend on debt financing.
The Debt to Equity ratio of FSP (0.41) is better than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.42 |
ROIC/WACCN/A
WACC6.97%
2.3 Liquidity
FSP has a Current Ratio of 1.96. This is a normal value and indicates that FSP is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of FSP (1.96) is better than 72.66% of its industry peers.
A Quick Ratio of 1.96 indicates that FSP should not have too much problems paying its short term obligations.
FSP has a Quick ratio of 1.96. This is in the better half of the industry: FSP outperforms 76.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.96 | ||
| Quick Ratio | 1.96 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.42% over the past year.
Looking at the last year, FSP shows a very negative growth in Revenue. The Revenue has decreased by -16.85% in the last year.
Measured over the past years, FSP shows a very negative growth in Revenue. The Revenue has been decreasing by -11.53% on average per year.
EPS 1Y (TTM)26.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65.91%
Revenue 1Y (TTM)-16.85%
Revenue growth 3Y-16%
Revenue growth 5Y-11.53%
Sales Q2Q%-19.57%
3.2 Future
Based on estimates for the next years, FSP will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.08% on average per year.
The Revenue is expected to decrease by -4.81% on average over the next years.
EPS Next Y14.04%
EPS Next 2Y15.49%
EPS Next 3Y10.08%
EPS Next 5YN/A
Revenue Next Year-14.46%
Revenue Next 2Y-7.5%
Revenue Next 3Y-4.81%
Revenue Next 5YN/A
3.3 Evolution
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
FSP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year FSP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSP is valued cheaply inside the industry as 89.06% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.36 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.49%
EPS Next 3Y10.08%
5. Dividend
5.1 Amount
FSP has a Yearly Dividend Yield of 2.12%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 2.12, FSP pays less dividend than the industry average, which is at 15.68. 83.59% of the companies listed in the same industry pay a better dividend than FSP!
FSP's Dividend Yield is comparable with the S&P500 average which is at 2.24.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.12% |
5.2 History
The dividend of FSP decreases each year by -38.64%.
FSP has paid a dividend for at least 10 years, which is a reliable track record.
FSP has decreased its dividend recently.
Dividend Growth(5Y)-38.64%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
The earnings of FSP are negative and hence is the payout ratio. FSP will probably not be able to sustain this dividend level.
DP-10.19%
EPS Next 2Y15.49%
EPS Next 3Y10.08%
FRANKLIN STREET PROPERTIES C
NYSEARCA:FSP (12/20/2024, 8:13:10 PM)
After market: 1.9098 0 (-0.01%)1.91
+0.06 (+3.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners60.25%
Inst Owner Change-0.6%
Ins Owners11.44%
Ins Owner Change0%
Market Cap197.82M
Analysts45
Price Target2.04 (6.81%)
Short Float %1.94%
Short Ratio2.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.12% |
Dividend Growth(5Y)-38.64%
DP-10.19%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-172.28%
Min EPS beat(2)-197.03%
Max EPS beat(2)-147.52%
EPS beat(4)0
Avg EPS beat(4)-123.27%
Min EPS beat(4)-197.03%
Max EPS beat(4)-73.27%
EPS beat(8)2
Avg EPS beat(8)-97.34%
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)0
Avg Revenue beat(2)-2.53%
Min Revenue beat(2)-4.48%
Max Revenue beat(2)-0.58%
Revenue beat(4)1
Avg Revenue beat(4)-1.74%
Min Revenue beat(4)-4.48%
Max Revenue beat(4)0.86%
Revenue beat(8)3
Avg Revenue beat(8)-0.59%
Revenue beat(12)6
Avg Revenue beat(12)0.34%
Revenue beat(16)7
Avg Revenue beat(16)-0.34%
PT rev (1m)14.29%
PT rev (3m)14.29%
EPS NQ rev (1m)40%
EPS NQ rev (3m)40%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.56 | ||
| P/FCF | N/A | ||
| P/OCF | 15.15 | ||
| P/B | 0.3 | ||
| P/tB | 0.3 | ||
| EV/EBITDA | 9.36 |
EPS(TTM)-0.39
EYN/A
EPS(NY)-0.31
Fwd EYN/A
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)0.13
OCFY6.6%
SpS1.22
BVpS6.42
TBVpS6.38
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.14% | ||
| ROE | -6.1% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 44.79% | ||
| FCFM | N/A |
ROA(3y)0.92%
ROA(5y)0.99%
ROE(3y)1.74%
ROE(5y)2.06%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.31%
GM growth 5Y-3.87%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.03 | ||
| Cap/Depr | 50.57% | ||
| Cap/Sales | 19.51% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 28.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.96 | ||
| Quick Ratio | 1.96 | ||
| Altman-Z | -0.42 |
F-Score5
WACC6.97%
ROIC/WACCN/A
Cap/Depr(3y)72.95%
Cap/Depr(5y)75.87%
Cap/Sales(3y)28.61%
Cap/Sales(5y)28.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65.91%
EPS Next Y14.04%
EPS Next 2Y15.49%
EPS Next 3Y10.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.85%
Revenue growth 3Y-16%
Revenue growth 5Y-11.53%
Sales Q2Q%-19.57%
Revenue Next Year-14.46%
Revenue Next 2Y-7.5%
Revenue Next 3Y-4.81%
Revenue Next 5YN/A
EBIT growth 1Y-1392.44%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year4585.98%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y60.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-30.38%
OCF growth 3Y-36.09%
OCF growth 5Y-25.94%