SAUL CENTERS INC (BFS)
US8043951016 - REIT
Overall BFS gets a fundamental rating of 3 out of 10. We evaluated BFS against 126 industry peers in the Diversified REITs industry. BFS scores excellent on profitability, but there are concerns on its financial health. BFS does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year BFS was profitable.
BFS had a positive operating cash flow in the past year.
In the past 5 years BFS has always been profitable.
BFS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BFS has a better Return On Assets (2.08%) than 67.48% of its industry peers.
With an excellent Return On Equity value of 11.91%, BFS belongs to the best of the industry, outperforming 93.50% of the companies in the same industry.
BFS's Return On Invested Capital of 4.88% is amongst the best of the industry. BFS outperforms 90.24% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BFS is in line with the industry average of 2.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 11.91% | ||
| ROIC | 4.88% |
ROA(3y)2.11%
ROA(5y)2.07%
ROE(3y)10.28%
ROE(5y)9.71%
ROIC(3y)4.92%
ROIC(5y)4.98%
1.3 Margins
BFS has a Profit Margin of 16.10%. This is in the better half of the industry: BFS outperforms 69.92% of its industry peers.
In the last couple of years the Profit Margin of BFS has remained more or less at the same level.
BFS's Operating Margin of 45.85% is amongst the best of the industry. BFS outperforms 88.62% of its industry peers.
In the last couple of years the Operating Margin of BFS has remained more or less at the same level.
With a decent Gross Margin value of 73.95%, BFS is doing good in the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Gross Margin of BFS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.85% | ||
| PM (TTM) | 16.1% | ||
| GM | 73.95% |
OM growth 3Y3.06%
OM growth 5Y-0.56%
PM growth 3Y8.3%
PM growth 5Y0.41%
GM growth 3Y-0.31%
GM growth 5Y-0.45%
2. Health
2.1 Basic Checks
BFS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BFS has more shares outstanding than it did 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
BFS has an Altman-Z score of 0.43. This is a bad value and indicates that BFS is not financially healthy and even has some risk of bankruptcy.
BFS has a Altman-Z score of 0.43. This is comparable to the rest of the industry: BFS outperforms 41.46% of its industry peers.
BFS has a Debt/Equity ratio of 3.98. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BFS (3.98) is worse than 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.98 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.43 |
ROIC/WACC0.75
WACC6.51%
2.3 Liquidity
BFS has a Current Ratio of 0.81. 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 0.81. This is in the lower half of the industry: BFS underperforms 69.92% of its industry peers.
BFS has a Quick Ratio of 0.81. 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 worse Quick ratio (0.81) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
BFS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.27%.
The Earnings Per Share has been growing slightly by 1.52% on average over the past years.
Looking at the last year, BFS shows a small growth in Revenue. The Revenue has grown by 4.86% in the last year.
The Revenue has been growing slightly by 2.46% on average over the past years.
EPS 1Y (TTM)6.27%
EPS 3Y11.34%
EPS 5Y1.52%
EPS growth Q2Q13.73%
Revenue 1Y (TTM)4.86%
Revenue growth 3Y3.81%
Revenue growth 5Y2.46%
Revenue growth Q2Q7.69%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
BFS is valuated rather expensively with a Price/Earnings ratio of 21.29.
Based on the Price/Earnings ratio, BFS is valued a bit cheaper than the industry average as 77.24% of the companies are valued more expensively.
BFS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.55.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.29 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BFS is valued a bit cheaper than the industry average as 63.41% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.51 |
4.3 Compensation for Growth
BFS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)14.03
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
BFS has a Yearly Dividend Yield of 6.58%, which is a nice return.
BFS's Dividend Yield is a higher than the industry average which is at 6.00.
Compared to an average S&P500 Dividend Yield of 2.39, BFS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.58% |
5.2 History
The dividend of BFS has a limited annual growth rate of 1.51%.
BFS has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
163.70% of the earnings are spent on dividend by BFS. This is not a sustainable payout ratio.
BFS's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP163.7%
EPS Next 2YN/A
EPS Next 3YN/A
SAUL CENTERS INC
NYSE:BFS (5/1/2024, 7:04:00 PM)
After market: 36.83 0 (0%)36.83
+0.42 (+1.15%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap883.18M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.58% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.29 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)14.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 11.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 45.85% | ||
| PM (TTM) | 16.1% | ||
| GM | 73.95% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.98 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.27%
EPS 3Y11.34%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.86%
Revenue growth 3Y3.81%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y