CORPORATE OFFICE PROPERTIES (OFC) Stock Fundamental Analysis

NYSE:OFC • US22002T1088

24.94 USD
+0.39 (+1.59%)
At close: Sep 14, 2023
24.94 USD
0 (0%)
After Hours: 9/14/2023, 9:45:33 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, OFC scores 4 out of 10 in our fundamental rating. OFC was compared to 122 industry peers in the Diversified REITs industry. There are concerns on the financial health of OFC while its profitability can be described as average. OFC is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year OFC was profitable.
  • In the past year OFC had a positive cash flow from operations.
OFC Yearly Net Income VS EBIT VS OCF VS FCFOFC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 100M -100M 200M -200M

1.2 Ratios

  • The Return On Assets of OFC (4.59%) is better than 94.70% of its industry peers.
  • With an excellent Return On Equity value of 11.11%, OFC belongs to the best of the industry, outperforming 93.18% of the companies in the same industry.
  • OFC has a better Return On Invested Capital (3.68%) than 79.55% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for OFC is in line with the industry average of 3.09%.
  • The 3 year average ROIC (3.42%) for OFC is below the current ROIC(3.68%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.59%
ROE 11.11%
ROIC 3.68%
ROA(3y)2.74%
ROA(5y)3.03%
ROE(3y)6.92%
ROE(5y)7.33%
ROIC(3y)3.42%
ROIC(5y)3.4%
OFC Yearly ROA, ROE, ROICOFC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 2 4 6 8 10

1.3 Margins

  • With a decent Profit Margin value of 26.97%, OFC is doing good in the industry, outperforming 78.03% of the companies in the same industry.
  • In the last couple of years the Profit Margin of OFC has grown nicely.
  • OFC's Operating Margin of 25.84% is fine compared to the rest of the industry. OFC outperforms 61.36% of its industry peers.
  • OFC's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of OFC (52.41%) is worse than 81.06% of its industry peers.
  • In the last couple of years the Gross Margin of OFC has remained more or less at the same level.
Industry RankSector Rank
OM 25.84%
PM (TTM) 26.97%
GM 52.41%
OM growth 3Y0.21%
OM growth 5Y-0.06%
PM growth 3Y-7.83%
PM growth 5Y20.96%
GM growth 3Y-1.77%
GM growth 5Y-1.2%
OFC Yearly Profit, Operating, Gross MarginsOFC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • OFC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for OFC remains at a similar level compared to 1 year ago.
  • OFC has a better debt/assets ratio than last year.
OFC Yearly Shares OutstandingOFC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M
OFC Yearly Total Debt VS Total AssetsOFC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B 4B

2.2 Solvency

  • OFC has an Altman-Z score of 0.70. This is a bad value and indicates that OFC is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.70, OFC is in the better half of the industry, outperforming 64.39% of the companies in the same industry.
  • OFC has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
  • OFC has a Debt to Equity ratio of 1.23. This is comparable to the rest of the industry: OFC outperforms 44.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF N/A
Altman-Z 0.7
ROIC/WACC0.58
WACC6.35%
OFC Yearly LT Debt VS Equity VS FCFOFC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 500M 1B 1.5B 2B

2.3 Liquidity

  • OFC has a Current Ratio of 0.27. This is a bad value and indicates that OFC is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.27, OFC is doing worse than 93.94% of the companies in the same industry.
  • A Quick Ratio of 0.27 indicates that OFC may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.27, OFC is not doing good in the industry: 93.18% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.27
Quick Ratio 0.27
OFC Yearly Current Assets VS Current LiabilitesOFC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 35.71% over the past year.
  • The Earnings Per Share has been growing by 19.04% on average over the past years. This is quite good.
  • The Revenue for OFC has decreased by -39.95% in the past year. This is quite bad
  • The Revenue has been growing slightly by 3.82% on average over the past years.
EPS 1Y (TTM)35.71%
EPS 3Y-3.64%
EPS 5Y19.04%
EPS Q2Q%34.62%
Revenue 1Y (TTM)-39.95%
Revenue growth 3Y4.85%
Revenue growth 5Y3.82%
Sales Q2Q%-14.31%

3.2 Future

  • Based on estimates for the next years, OFC will show a decrease in Earnings Per Share. The EPS will decrease by -6.71% on average per year.
  • Based on estimates for the next years, OFC will show a small growth in Revenue. The Revenue will grow by 7.76% on average per year.
EPS Next Y-0.32%
EPS Next 2Y-12.87%
EPS Next 3Y-6.71%
EPS Next 5YN/A
Revenue Next Year9.39%
Revenue Next 2Y7.67%
Revenue Next 3Y6.46%
Revenue Next 5Y7.76%

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 decreasing.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
OFC Yearly Revenue VS EstimatesOFC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M
OFC Yearly EPS VS EstimatesOFC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0.5 1 1.5

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • OFC is valuated correctly with a Price/Earnings ratio of 14.58.
  • 87.88% of the companies in the same industry are more expensive than OFC, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.13, OFC is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 21.47, OFC is valued on the expensive side.
  • 85.61% of the companies in the same industry are more expensive than OFC, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of OFC to the average of the S&P500 Index (28.11), we can say OFC is valued slightly cheaper.
Industry RankSector Rank
PE 14.58
Fwd PE 21.47
OFC Price Earnings VS Forward Price EarningsOFC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
OFC Per share dataOFC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The decent profitability rating of OFC may justify a higher PE ratio.
  • OFC's earnings are expected to decrease with -6.71% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.77
EPS Next 2Y-12.87%
EPS Next 3Y-6.71%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.57%, OFC is a good candidate for dividend investing.
  • OFC's Dividend Yield is slightly below the industry average, which is at 7.15.
  • OFC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.57%

5.2 History

  • The dividend of OFC decreases each year by -1.49%.
  • OFC has paid a dividend for at least 10 years, which is a reliable track record.
  • OFC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.49%
Div Incr Years0
Div Non Decr Years10
OFC Yearly Dividends per shareOFC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • OFC pays out 64.50% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of OFC has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP64.5%
EPS Next 2Y-12.87%
EPS Next 3Y-6.71%
OFC Yearly Income VS Free CF VS DividendOFC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 100M -100M -200M
OFC Dividend Payout.OFC Dividend Payout, showing the Payout Ratio.OFC Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

CORPORATE OFFICE PROPERTIES

NYSE:OFC (9/14/2023, 9:45:33 PM)

After market: 24.94 0 (0%)

24.94

+0.39 (+1.59%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-27
Earnings (Next)10-25
Inst Owners104.34%
Inst Owner Change-1.1%
Ins Owners0.74%
Ins Owner Change0%
Market Cap2.81B
Revenue(TTM)711.05M
Net Income(TTM)191.77M
Analysts80
Price Target29.47 (18.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.57%
Yearly Dividend1.1
Dividend Growth(5Y)-1.49%
DP64.5%
Div Incr Years0
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)106.77%
Min EPS beat(2)53.64%
Max EPS beat(2)159.9%
EPS beat(4)2
Avg EPS beat(4)51.67%
Min EPS beat(4)-4.53%
Max EPS beat(4)159.9%
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)2
Avg Revenue beat(2)112733%
Min Revenue beat(2)110361%
Max Revenue beat(2)115106%
Revenue beat(4)4
Avg Revenue beat(4)87603.1%
Min Revenue beat(4)27.88%
Max Revenue beat(4)124918%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.78%
PT rev (3m)2.36%
EPS NQ rev (1m)-4.07%
EPS NQ rev (3m)-3.51%
EPS NY rev (1m)4.32%
EPS NY rev (3m)25.83%
Revenue NQ rev (1m)-99.9%
Revenue NQ rev (3m)-99.9%
Revenue NY rev (1m)3%
Revenue NY rev (3m)4.18%
Valuation
Industry RankSector Rank
PE 14.58
Fwd PE 21.47
P/S 3.95
P/FCF N/A
P/OCF 10.32
P/B 1.63
P/tB 1.63
EV/EBITDA N/A
EPS(TTM)1.71
EY6.86%
EPS(NY)1.16
Fwd EY4.66%
FCF(TTM)-0.68
FCFYN/A
OCF(TTM)2.42
OCFY9.69%
SpS6.32
BVpS15.34
TBVpS15.34
PEG (NY)N/A
PEG (5Y)0.77
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 4.59%
ROE 11.11%
ROCE 4.66%
ROIC 3.68%
ROICexc 3.69%
ROICexgc 3.74%
OM 25.84%
PM (TTM) 26.97%
GM 52.41%
FCFM N/A
ROA(3y)2.74%
ROA(5y)3.03%
ROE(3y)6.92%
ROE(5y)7.33%
ROIC(3y)3.42%
ROIC(5y)3.4%
ROICexc(3y)3.43%
ROICexc(5y)3.41%
ROICexgc(3y)3.51%
ROICexgc(5y)3.49%
ROCE(3y)4.33%
ROCE(5y)4.3%
ROICexgc growth 3Y1.59%
ROICexgc growth 5Y0.48%
ROICexc growth 3Y1.56%
ROICexc growth 5Y0.57%
OM growth 3Y0.21%
OM growth 5Y-0.06%
PM growth 3Y-7.83%
PM growth 5Y20.96%
GM growth 3Y-1.77%
GM growth 5Y-1.2%
F-Score6
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 48.97%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.27
Quick Ratio 0.27
Altman-Z 0.7
F-Score6
WACC6.35%
ROIC/WACC0.58
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)54.61%
Cap/Sales(5y)54.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)35.71%
EPS 3Y-3.64%
EPS 5Y19.04%
EPS Q2Q%34.62%
EPS Next Y-0.32%
EPS Next 2Y-12.87%
EPS Next 3Y-6.71%
EPS Next 5YN/A
Revenue 1Y (TTM)-39.95%
Revenue growth 3Y4.85%
Revenue growth 5Y3.82%
Sales Q2Q%-14.31%
Revenue Next Year9.39%
Revenue Next 2Y7.67%
Revenue Next 3Y6.46%
Revenue Next 5Y7.76%
EBIT growth 1Y-38.03%
EBIT growth 3Y5.07%
EBIT growth 5Y3.75%
EBIT Next Year87.41%
EBIT Next 3Y26.81%
EBIT Next 5YN/A
FCF growth 1Y48.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y25.34%
OCF growth 3Y5.16%
OCF growth 5Y2.93%

CORPORATE OFFICE PROPERTIES / OFC FAQ

Can you provide the ChartMill fundamental rating for CORPORATE OFFICE PROPERTIES?

ChartMill assigns a fundamental rating of 4 / 10 to OFC.


Can you provide the valuation status for CORPORATE OFFICE PROPERTIES?

ChartMill assigns a valuation rating of 3 / 10 to CORPORATE OFFICE PROPERTIES (OFC). This can be considered as Overvalued.


What is the profitability of OFC stock?

CORPORATE OFFICE PROPERTIES (OFC) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for OFC stock?

The Price/Earnings (PE) ratio for CORPORATE OFFICE PROPERTIES (OFC) is 14.58 and the Price/Book (PB) ratio is 1.63.


How financially healthy is CORPORATE OFFICE PROPERTIES?

The financial health rating of CORPORATE OFFICE PROPERTIES (OFC) is 1 / 10.