SAUL CENTERS INC (BFS) Stock Fundamental Analysis
USA - NYSE:BFS - US8043951016 - REIT
30.24 USD
+0.34 (+1.14%)
30.24 USD
0 (0%)
Taking everything into account, BFS scores 4 out of 10 in our fundamental rating. BFS was compared to 128 industry peers in the Diversified REITs industry. BFS scores excellent on profitability, but there are concerns on its financial health. BFS is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year BFS was profitable.
In the past year BFS had a positive cash flow from operations.
Each year in the past 5 years BFS has been profitable.
BFS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.49%, BFS perfoms like the industry average, outperforming 57.03% of the companies in the same industry.
The Return On Equity of BFS (9.89%) is better than 86.72% of its industry peers.
With an excellent Return On Invested Capital value of 4.56%, BFS belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
BFS had an Average Return On Invested Capital over the past 3 years of 4.81%. This is in line with the industry average of 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.49% | ||
| ROE | 9.89% | ||
| ROIC | 4.56% |
ROA(3y)2.02%
ROA(5y)1.99%
ROE(3y)11.13%
ROE(5y)10.12%
ROIC(3y)4.81%
ROIC(5y)4.84%
1.3 Margins
BFS has a better Profit Margin (11.44%) than 60.16% of its industry peers.
BFS's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 42.82%, BFS belongs to the best of the industry, outperforming 89.06% of the companies in the same industry.
In the last couple of years the Operating Margin of BFS has remained more or less at the same level.
Looking at the Gross Margin, with a value of 72.10%, BFS is in the better half of the industry, outperforming 65.63% of the companies in the same industry.
BFS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 42.82% | ||
| PM (TTM) | 11.44% | ||
| GM | 72.1% |
OM growth 3Y0.27%
OM growth 5Y-0.33%
PM growth 3Y-1.91%
PM growth 5Y-1.27%
GM growth 3Y-0.47%
GM growth 5Y-0.49%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BFS is destroying value.
The number of shares outstanding for BFS has been increased compared to 1 year ago.
Compared to 5 years ago, BFS has more shares outstanding
BFS has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.34, we must say that BFS is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.34, BFS is in line with its industry, outperforming 42.19% of the companies in the same industry.
A Debt/Equity ratio of 4.85 is on the high side and indicates that BFS has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 4.85, BFS is doing worse than 83.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.85 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.34 |
ROIC/WACC0.79
WACC5.73%
2.3 Liquidity
BFS has a Current Ratio of 0.84. This is a bad value and indicates that BFS is not financially healthy enough and could expect problems in meeting its short term obligations.
BFS has a Current ratio of 0.84. This is comparable to the rest of the industry: BFS outperforms 46.09% of its industry peers.
BFS has a Quick Ratio of 0.84. This is a bad value and indicates that BFS is not financially healthy enough and could expect problems in meeting its short term obligations.
BFS has a Quick ratio of 0.84. This is comparable to the rest of the industry: BFS outperforms 46.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
BFS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.27%.
BFS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.81% yearly.
BFS shows a small growth in Revenue. In the last year, the Revenue has grown by 4.64%.
Measured over the past years, BFS shows a small growth in Revenue. The Revenue has been growing by 2.99% on average per year.
EPS 1Y (TTM)-5.27%
EPS 3Y1.35%
EPS 5Y0.81%
EPS Q2Q%50%
Revenue 1Y (TTM)4.64%
Revenue growth 3Y3.97%
Revenue growth 5Y2.99%
Sales Q2Q%7%
3.2 Future
The Earnings Per Share is expected to decrease by -17.08% on average over the next years. This is quite bad
The Revenue is expected to grow by 6.26% on average over the next years.
EPS Next Y-34.94%
EPS Next 2Y-29.15%
EPS Next 3Y-17.08%
EPS Next 5YN/A
Revenue Next Year5.46%
Revenue Next 2Y5.18%
Revenue Next 3Y6.26%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 18.55 indicates a rather expensive valuation of BFS.
Based on the Price/Earnings ratio, BFS is valued cheaper than 85.94% of the companies in the same industry.
BFS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.89.
BFS is valuated quite expensively with a Price/Forward Earnings ratio of 36.96.
Based on the Price/Forward Earnings ratio, BFS is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BFS to the average of the S&P500 Index (34.59), we can say BFS is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.55 | ||
| Fwd PE | 36.96 |
4.2 Price Multiples
63.28% of the companies in the same industry are more expensive than BFS, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.16 |
4.3 Compensation for Growth
The decent profitability rating of BFS may justify a higher PE ratio.
BFS's earnings are expected to decrease with -17.08% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)23.02
EPS Next 2Y-29.15%
EPS Next 3Y-17.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.89%, BFS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.49, BFS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, BFS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.89% |
5.2 History
The dividend of BFS has a limited annual growth rate of 1.15%.
BFS has paid a dividend for at least 10 years, which is a reliable track record.
BFS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.15%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
213.93% of the earnings are spent on dividend by BFS. This is not a sustainable payout ratio.
The Dividend Rate of BFS has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP213.93%
EPS Next 2Y-29.15%
EPS Next 3Y-17.08%
30.24
+0.34 (+1.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners46.39%
Inst Owner Change10.49%
Ins Owners49.78%
Ins Owner Change1.54%
Market Cap736.95M
Revenue(TTM)269.71M
Net Income(TTM)31.90M
Analysts80
Price Target46.41 (53.47%)
Short Float %1.69%
Short Ratio3.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.89% |
Yearly Dividend2.81
Dividend Growth(5Y)1.15%
DP213.93%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)1
Avg Revenue beat(2)0.27%
Min Revenue beat(2)-1.45%
Max Revenue beat(2)1.99%
Revenue beat(4)2
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-2.45%
Max Revenue beat(4)1.99%
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%
PT rev (3m)-6.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-39.47%
EPS NY rev (1m)0%
EPS NY rev (3m)-25.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.55 | ||
| Fwd PE | 36.96 | ||
| P/S | 2.64 | ||
| P/FCF | N/A | ||
| P/OCF | 6.57 | ||
| P/B | 2.29 | ||
| P/tB | 2.29 | ||
| EV/EBITDA | 13.16 |
EPS(TTM)1.63
EY5.39%
EPS(NY)0.82
Fwd EY2.71%
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)4.6
OCFY15.23%
SpS11.44
BVpS13.23
TBVpS13.23
PEG (NY)N/A
PEG (5Y)23.02
Graham Number22.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.49% | ||
| ROE | 9.89% | ||
| ROCE | 5.77% | ||
| ROIC | 4.56% | ||
| ROICexc | 4.57% | ||
| ROICexgc | 4.58% | ||
| OM | 42.82% | ||
| PM (TTM) | 11.44% | ||
| GM | 72.1% | ||
| FCFM | N/A |
ROA(3y)2.02%
ROA(5y)1.99%
ROE(3y)11.13%
ROE(5y)10.12%
ROIC(3y)4.81%
ROIC(5y)4.84%
ROICexc(3y)4.84%
ROICexc(5y)4.88%
ROICexgc(3y)4.88%
ROICexgc(5y)4.91%
ROCE(3y)6.09%
ROCE(5y)6.12%
ROICexgc growth 3Y-2.38%
ROICexgc growth 5Y-2.84%
ROICexc growth 3Y-2.29%
ROICexc growth 5Y-2.91%
OM growth 3Y0.27%
OM growth 5Y-0.33%
PM growth 3Y-1.91%
PM growth 5Y-1.27%
GM growth 3Y-0.47%
GM growth 5Y-0.49%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.85 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.97 | ||
| Cap/Depr | 278.65% | ||
| Cap/Sales | 55.08% | ||
| Interest Coverage | 1.99 | ||
| Cash Conversion | 64.29% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 0.34 |
F-Score5
WACC5.73%
ROIC/WACC0.79
Cap/Depr(3y)344.4%
Cap/Depr(5y)250.98%
Cap/Sales(3y)65.54%
Cap/Sales(5y)48.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.27%
EPS 3Y1.35%
EPS 5Y0.81%
EPS Q2Q%50%
EPS Next Y-34.94%
EPS Next 2Y-29.15%
EPS Next 3Y-17.08%
EPS Next 5YN/A
Revenue 1Y (TTM)4.64%
Revenue growth 3Y3.97%
Revenue growth 5Y2.99%
Sales Q2Q%7%
Revenue Next Year5.46%
Revenue Next 2Y5.18%
Revenue Next 3Y6.26%
Revenue Next 5YN/A
EBIT growth 1Y-1.27%
EBIT growth 3Y4.25%
EBIT growth 5Y2.64%
EBIT Next Year49.36%
EBIT Next 3Y19.33%
EBIT Next 5YN/A
FCF growth 1Y-0.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-9.07%
OCF growth 3Y0.79%
OCF growth 5Y0.99%
SAUL CENTERS INC / BFS FAQ
What is the ChartMill fundamental rating of SAUL CENTERS INC (BFS) stock?
ChartMill assigns a fundamental rating of 4 / 10 to BFS.
Can you provide the valuation status for SAUL CENTERS INC?
ChartMill assigns a valuation rating of 3 / 10 to SAUL CENTERS INC (BFS). This can be considered as Overvalued.
What is the profitability of BFS stock?
SAUL CENTERS INC (BFS) has a profitability rating of 7 / 10.
What is the earnings growth outlook for SAUL CENTERS INC?
The Earnings per Share (EPS) of SAUL CENTERS INC (BFS) is expected to decline by -34.94% in the next year.
Is the dividend of SAUL CENTERS INC sustainable?
The dividend rating of SAUL CENTERS INC (BFS) is 6 / 10 and the dividend payout ratio is 213.93%.