BRANDYWINE REALTY TRUST (BDN) Stock Fundamental Analysis
USA - NYSE:BDN - US1053682035 - REIT
3.69 USD
0 (0%)
3.71 USD
+0.02 (+0.54%)
Taking everything into account, BDN scores 3 out of 10 in our fundamental rating. BDN was compared to 129 industry peers in the Diversified REITs industry. The financial health of BDN is average, but there are quite some concerns on its profitability. BDN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year BDN has reported negative net income.
BDN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BDN reported negative net income in multiple years.
In the past 5 years BDN always reported a positive cash flow from operatings.
1.2 Ratios
BDN has a worse Return On Assets (-9.62%) than 91.47% of its industry peers.
With a Return On Equity value of -37.13%, BDN is not doing good in the industry: 92.25% of the companies in the same industry are doing better.
BDN's Return On Invested Capital of 2.02% is on the low side compared to the rest of the industry. BDN is outperformed by 62.79% of its industry peers.
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 3.01%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -37.13% | ||
| ROIC | 2.02% |
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 16.67%, BDN is not doing good in the industry: 61.24% of the companies in the same industry are doing better.
BDN's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 62.37%, BDN is not doing good in the industry: 64.34% of the companies in the same industry are doing better.
BDN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.67% | ||
| PM (TTM) | N/A | ||
| GM | 62.37% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BDN is destroying value.
The number of shares outstanding for BDN has been increased compared to 1 year ago.
The number of shares outstanding for BDN has been reduced compared to 5 years ago.
Compared to 1 year ago, BDN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.52, we must say that BDN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.52, BDN is not doing good in the industry: 88.37% of the companies in the same industry are doing better.
BDN has a debt to FCF ratio of 197.76. This is a negative value and a sign of low solvency as BDN would need 197.76 years to pay back of all of its debts.
BDN has a Debt to FCF ratio (197.76) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.63 is on the high side and indicates that BDN has dependencies on debt financing.
BDN has a Debt to Equity ratio of 2.63. This is in the lower half of the industry: BDN underperforms 79.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.63 | ||
| Debt/FCF | 197.76 | ||
| Altman-Z | -0.52 |
ROIC/WACC0.28
WACC7.08%
2.3 Liquidity
BDN has a Current Ratio of 2.03. This indicates that BDN is financially healthy and has no problem in meeting its short term obligations.
BDN has a better Current ratio (2.03) than 81.40% of its industry peers.
BDN has a Quick Ratio of 2.03. This indicates that BDN is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of BDN (2.03) is better than 81.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 2.03 |
3. Growth
3.1 Past
BDN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -96.08%.
BDN shows a decrease in Revenue. In the last year, the revenue decreased by -3.06%.
The Revenue has been decreasing by -2.72% on average over the past years.
EPS 1Y (TTM)-96.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-401.18%
Revenue 1Y (TTM)-3.06%
Revenue growth 3Y1.27%
Revenue growth 5Y-2.72%
Sales Q2Q%-3.81%
3.2 Future
BDN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.78% yearly.
BDN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.33% yearly.
EPS Next Y38.87%
EPS Next 2Y25.72%
EPS Next 3Y16.78%
EPS Next 5YN/A
Revenue Next Year-3.32%
Revenue Next 2Y-0.09%
Revenue Next 3Y-0.77%
Revenue Next 5Y1.33%
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
77.52% of the companies in the same industry are more expensive than BDN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, BDN is valued a bit cheaper than the industry average as 61.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.82 | ||
| EV/EBITDA | 10.9 |
4.3 Compensation for Growth
BDN's earnings are expected to grow with 16.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.72%
EPS Next 3Y16.78%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.67%, BDN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.81, BDN pays a better dividend. On top of this BDN pays more dividend than 82.17% of the companies listed in the same industry.
BDN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.67% |
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-32.12%
EPS Next 2Y25.72%
EPS Next 3Y16.78%
3.69
0 (0%)
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 Change0.29%
Ins Owners3.08%
Ins Owner Change2.47%
Market Cap640.95M
Analysts49.23
Price Target4.69 (27.1%)
Short Float %7.87%
Short Ratio5.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.67% |
Yearly Dividend0.61
Dividend Growth(5Y)-4.4%
DP-32.12%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-145.41%
Min EPS beat(2)-289.95%
Max EPS beat(2)-0.88%
EPS beat(4)0
Avg EPS beat(4)-636.35%
Min EPS beat(4)-2000.99%
Max EPS beat(4)-0.88%
EPS beat(8)1
Avg EPS beat(8)-481.74%
EPS beat(12)4
Avg EPS beat(12)-50.95%
EPS beat(16)7
Avg EPS beat(16)45.2%
Revenue beat(2)1
Avg Revenue beat(2)0.11%
Min Revenue beat(2)-0.32%
Max Revenue beat(2)0.54%
Revenue beat(4)1
Avg Revenue beat(4)-1.28%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)0.54%
Revenue beat(8)1
Avg Revenue beat(8)-1.62%
Revenue beat(12)2
Avg Revenue beat(12)-1.24%
Revenue beat(16)4
Avg Revenue beat(16)-0.62%
PT rev (1m)-4.17%
PT rev (3m)-4.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.34%
EPS NY rev (1m)-31.43%
EPS NY rev (3m)-31.43%
Revenue NQ rev (1m)-0.92%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-3.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.29 | ||
| P/FCF | 54.82 | ||
| P/OCF | 4.28 | ||
| P/B | 0.73 | ||
| P/tB | 0.73 | ||
| EV/EBITDA | 10.9 |
EPS(TTM)-1.9
EYN/A
EPS(NY)-0.48
Fwd EYN/A
FCF(TTM)0.07
FCFY1.82%
OCF(TTM)0.86
OCFY23.38%
SpS2.85
BVpS5.06
TBVpS5.04
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -37.13% | ||
| ROCE | 2.55% | ||
| ROIC | 2.02% | ||
| ROICexc | 2.1% | ||
| ROICexgc | 2.18% | ||
| OM | 16.67% | ||
| PM (TTM) | N/A | ||
| GM | 62.37% | ||
| FCFM | 2.36% |
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%
ROICexcg growth 3Y6.19%
ROICexcg 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-Score4
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.63 | ||
| Debt/FCF | 197.76 | ||
| Debt/EBITDA | 8.9 | ||
| Cap/Depr | 78.04% | ||
| Cap/Sales | 27.87% | ||
| Interest Coverage | 0.64 | ||
| Cash Conversion | 57.71% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.03 | ||
| Quick Ratio | 2.03 | ||
| Altman-Z | -0.52 |
F-Score4
WACC7.08%
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)-96.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-401.18%
EPS Next Y38.87%
EPS Next 2Y25.72%
EPS Next 3Y16.78%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.06%
Revenue growth 3Y1.27%
Revenue growth 5Y-2.72%
Sales Q2Q%-3.81%
Revenue Next Year-3.32%
Revenue Next 2Y-0.09%
Revenue Next 3Y-0.77%
Revenue Next 5Y1.33%
EBIT growth 1Y-19.92%
EBIT growth 3Y2.5%
EBIT growth 5Y-2.86%
EBIT Next Year161.25%
EBIT Next 3Y41.79%
EBIT Next 5YN/A
FCF growth 1Y-54.5%
FCF growth 3Y-2.72%
FCF growth 5Y7.43%
OCF growth 1Y-21.99%
OCF growth 3Y-1.74%
OCF growth 5Y-5.01%