BRANDYWINE REALTY TRUST (BDN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BDN - US1053682035 - REIT
3.1 USD
-0.09 (-2.82%)
3.1 USD
0 (0%)
Taking everything into account, BDN scores 3 out of 10 in our fundamental rating. BDN was compared to 128 industry peers in the Diversified REITs industry. Both the profitability and financial health of BDN have multiple concerns. BDN is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
BDN had negative earnings in the past year.
In the past year BDN had a positive cash flow from operations.
In multiple years BDN reported negative net income over the last 5 years.
Each year in the past 5 years BDN had a positive operating cash flow.
1.2 Ratios
BDN's Return On Assets of -5.65% is on the low side compared to the rest of the industry. BDN is outperformed by 83.59% of its industry peers.
Looking at the Return On Equity, with a value of -22.27%, BDN is doing worse than 85.94% of the companies in the same industry.
With a Return On Invested Capital value of 1.99%, BDN is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
BDN had an Average Return On Invested Capital over the past 3 years of 2.23%. This is in line with the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.65% | ||
| ROE | -22.27% | ||
| ROIC | 1.99% |
ROA(3y)-3.18%
ROA(5y)-0.28%
ROE(3y)-10.22%
ROE(5y)-2.59%
ROIC(3y)2.23%
ROIC(5y)2.2%
1.3 Margins
With a Operating Margin value of 16.33%, BDN is not doing good in the industry: 64.84% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of BDN has remained more or less at the same level.
BDN's Gross Margin of 61.75% is on the low side compared to the rest of the industry. BDN is outperformed by 63.28% of its industry peers.
BDN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.33% | ||
| PM (TTM) | N/A | ||
| GM | 61.75% |
OM growth 3Y1.22%
OM growth 5Y-0.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.85%
GM growth 5Y0.61%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BDN is destroying value.
BDN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BDN has less shares outstanding
BDN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.60, we must say that BDN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.60, BDN is doing worse than 87.50% of the companies in the same industry.
The Debt to FCF ratio of BDN is 79.72, which is on the high side as it means it would take BDN, 79.72 years of fcf income to pay off all of its debts.
BDN has a better Debt to FCF ratio (79.72) than 64.84% of its industry peers.
A Debt/Equity ratio of 2.70 is on the high side and indicates that BDN has dependencies on debt financing.
With a Debt to Equity ratio value of 2.70, BDN is not doing good in the industry: 78.13% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.7 | ||
| Debt/FCF | 79.72 | ||
| Altman-Z | -0.6 |
ROIC/WACC0.28
WACC6.97%
2.3 Liquidity
BDN has a Current Ratio of 1.65. This is a normal value and indicates that BDN is financially healthy and should not expect problems in meeting its short term obligations.
BDN has a better Current ratio (1.65) than 75.78% of its industry peers.
BDN has a Quick Ratio of 1.65. This is a normal value and indicates that BDN is financially healthy and should not expect problems in meeting its short term obligations.
BDN's Quick ratio of 1.65 is fine compared to the rest of the industry. BDN outperforms 75.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.65 |
3. Growth
3.1 Past
BDN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 39.33%, which is quite impressive.
BDN shows a decrease in Revenue. In the last year, the revenue decreased by -5.52%.
The Revenue has been decreasing by -2.72% on average over the past years.
EPS 1Y (TTM)39.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%84.38%
Revenue 1Y (TTM)-5.52%
Revenue growth 3Y1.27%
Revenue growth 5Y-2.72%
Sales Q2Q%-7.87%
3.2 Future
The Earnings Per Share is expected to grow by 16.78% on average over the next years. This is quite good.
Based on estimates for the next years, BDN will show a small growth in Revenue. The Revenue will grow by 1.76% on average per year.
EPS Next Y38.87%
EPS Next 2Y25.72%
EPS Next 3Y16.78%
EPS Next 5YN/A
Revenue Next Year-0.51%
Revenue Next 2Y-0.09%
Revenue Next 3Y-0.77%
Revenue Next 5Y1.76%
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
BDN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BDN. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BDN is valued a bit cheaper than 79.69% of the companies in the same industry.
BDN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BDN is cheaper than 76.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.91 | ||
| EV/EBITDA | 10.78 |
4.3 Compensation for Growth
A more expensive valuation may be justified as BDN's earnings are expected to grow with 16.78% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.72%
EPS Next 3Y16.78%
5. Dividend
5.1 Amount
BDN has a Yearly Dividend Yield of 9.36%, which is a nice return.
The stock price of BDN dropped by -29.06% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
BDN's Dividend Yield is rather good when compared to the industry average which is at 6.34. BDN pays more dividend than 87.50% of the companies in the same industry.
BDN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.36% |
5.2 History
The dividend of BDN decreases each year by -4.40%.
BDN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-4.4%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of BDN are negative and hence is the payout ratio. BDN will probably not be able to sustain this dividend level.
DP-56.1%
EPS Next 2Y25.72%
EPS Next 3Y16.78%
3.1
-0.09 (-2.82%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners88.73%
Inst Owner Change-1.46%
Ins Owners3.08%
Ins Owner Change0.64%
Market Cap538.47M
Revenue(TTM)485.41M
Net Income(TTM)-187.41M
Analysts49.23
Price Target4.73 (52.58%)
Short Float %8.33%
Short Ratio5.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.36% |
Yearly Dividend0.61
Dividend Growth(5Y)-4.4%
DP-56.1%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-153.6%
Min EPS beat(2)-289.95%
Max EPS beat(2)-17.25%
EPS beat(4)0
Avg EPS beat(4)-140.42%
Min EPS beat(4)-289.95%
Max EPS beat(4)-0.88%
EPS beat(8)1
Avg EPS beat(8)-442.76%
EPS beat(12)3
Avg EPS beat(12)-176.07%
EPS beat(16)7
Avg EPS beat(16)47.28%
Revenue beat(2)2
Avg Revenue beat(2)0.33%
Min Revenue beat(2)0.11%
Max Revenue beat(2)0.54%
Revenue beat(4)2
Avg Revenue beat(4)-0.73%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)0.54%
Revenue beat(8)2
Avg Revenue beat(8)-1.49%
Revenue beat(12)3
Avg Revenue beat(12)-1.22%
Revenue beat(16)5
Avg Revenue beat(16)-0.5%
PT rev (1m)0%
PT rev (3m)-3.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-31.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.11 | ||
| P/FCF | 18.91 | ||
| P/OCF | 3.71 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 10.78 |
EPS(TTM)-1.09
EYN/A
EPS(NY)-0.48
Fwd EYN/A
FCF(TTM)0.16
FCFY5.29%
OCF(TTM)0.84
OCFY26.94%
SpS2.79
BVpS4.84
TBVpS4.82
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.65% | ||
| ROE | -22.27% | ||
| ROCE | 2.51% | ||
| ROIC | 1.99% | ||
| ROICexc | 2.04% | ||
| ROICexgc | 2.12% | ||
| OM | 16.33% | ||
| PM (TTM) | N/A | ||
| GM | 61.75% | ||
| FCFM | 5.86% |
ROA(3y)-3.18%
ROA(5y)-0.28%
ROE(3y)-10.22%
ROE(5y)-2.59%
ROIC(3y)2.23%
ROIC(5y)2.2%
ROICexc(3y)2.26%
ROICexc(5y)2.23%
ROICexgc(3y)2.33%
ROICexgc(5y)2.32%
ROCE(3y)2.82%
ROCE(5y)2.78%
ROICexgc growth 3Y6.19%
ROICexgc growth 5Y0.16%
ROICexc growth 3Y6.48%
ROICexc growth 5Y0.48%
OM growth 3Y1.22%
OM growth 5Y-0.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.85%
GM growth 5Y0.61%
F-Score5
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.7 | ||
| Debt/FCF | 79.72 | ||
| Debt/EBITDA | 8.9 | ||
| Cap/Depr | 66.35% | ||
| Cap/Sales | 24.03% | ||
| Interest Coverage | 0.62 | ||
| Cash Conversion | 56.89% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.65 | ||
| Altman-Z | -0.6 |
F-Score5
WACC6.97%
ROIC/WACC0.28
Cap/Depr(3y)103.18%
Cap/Depr(5y)98.55%
Cap/Sales(3y)36.74%
Cap/Sales(5y)35.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)39.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%84.38%
EPS Next Y38.87%
EPS Next 2Y25.72%
EPS Next 3Y16.78%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.52%
Revenue growth 3Y1.27%
Revenue growth 5Y-2.72%
Sales Q2Q%-7.87%
Revenue Next Year-0.51%
Revenue Next 2Y-0.09%
Revenue Next 3Y-0.77%
Revenue Next 5Y1.76%
EBIT growth 1Y-25.01%
EBIT growth 3Y2.5%
EBIT growth 5Y-2.86%
EBIT Next Year161.25%
EBIT Next 3Y41.79%
EBIT Next 5YN/A
FCF growth 1Y5.05%
FCF growth 3Y-2.72%
FCF growth 5Y7.43%
OCF growth 1Y-15.89%
OCF growth 3Y-1.74%
OCF growth 5Y-5.01%
BRANDYWINE REALTY TRUST / BDN FAQ
What is the ChartMill fundamental rating of BRANDYWINE REALTY TRUST (BDN) stock?
ChartMill assigns a fundamental rating of 3 / 10 to BDN.
Can you provide the valuation status for BRANDYWINE REALTY TRUST?
ChartMill assigns a valuation rating of 2 / 10 to BRANDYWINE REALTY TRUST (BDN). This can be considered as Overvalued.
Can you provide the profitability details for BRANDYWINE REALTY TRUST?
BRANDYWINE REALTY TRUST (BDN) has a profitability rating of 2 / 10.
Can you provide the expected EPS growth for BDN stock?
The Earnings per Share (EPS) of BRANDYWINE REALTY TRUST (BDN) is expected to grow by 38.87% in the next year.