SAUL CENTERS INC (BFS) Stock Fundamental Analysis
NYSE:BFS - US8043951016 - REIT
34 USD
+0.24 (+0.71%)
34 USD
0 (0%)
BFS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. BFS has an excellent profitability rating, but there are concerns on its financial health. BFS has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year BFS was profitable.
BFS had a positive operating cash flow in the past year.
BFS had positive earnings in each of the past 5 years.
Each year in the past 5 years BFS had a positive operating cash flow.
1.2 Ratios
BFS's Return On Assets of 1.49% is in line compared to the rest of the industry. BFS outperforms 59.69% of its industry peers.
BFS has a better Return On Equity (9.89%) than 88.37% of its industry peers.
BFS's Return On Invested Capital of 4.56% is amongst the best of the industry. BFS outperforms 85.27% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BFS is in line with the industry average of 3.06%.
| 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 Profit Margin of 11.44%. This is in the better half of the industry: BFS outperforms 62.02% 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 42.82% is amongst the best of the industry. BFS outperforms 88.37% of its industry peers.
BFS's Operating Margin has been stable in the last couple of years.
BFS's Gross Margin of 72.10% is fine compared to the rest of the industry. BFS outperforms 65.89% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BFS is destroying value.
BFS has more shares outstanding than it did 1 year ago.
BFS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BFS is higher compared to a year ago.
2.2 Solvency
BFS has an Altman-Z score of 0.37. This is a bad value and indicates that BFS is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.37, BFS perfoms like the industry average, outperforming 40.31% of the companies in the same industry.
BFS has a Debt/Equity ratio of 4.85. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 4.85, BFS is not doing good in the industry: 84.50% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.85 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.37 |
ROIC/WACC0.75
WACC6.09%
2.3 Liquidity
A Current Ratio of 0.84 indicates that BFS may have some problems paying its short term obligations.
With a Current ratio value of 0.84, BFS perfoms like the industry average, outperforming 44.19% of the companies in the same industry.
A Quick Ratio of 0.84 indicates that BFS may have some problems paying its short term obligations.
BFS has a Quick ratio (0.84) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
The earnings per share for BFS have decreased strongly by -26.82% in the last year.
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 5.17%.
The Revenue has been growing slightly by 2.99% on average over the past years.
EPS 1Y (TTM)-26.82%
EPS 3Y1.35%
EPS 5Y0.81%
EPS Q2Q%-34.58%
Revenue 1Y (TTM)5.17%
Revenue growth 3Y3.97%
Revenue growth 5Y2.99%
Sales Q2Q%5.87%
3.2 Future
BFS is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.96% yearly.
Based on estimates for the next years, BFS will show a small growth in Revenue. The Revenue will grow by 7.90% on average per year.
EPS Next Y-35.56%
EPS Next 2Y-17.07%
EPS Next 3Y-6.96%
EPS Next 5YN/A
Revenue Next Year8.97%
Revenue Next 2Y7.74%
Revenue Next 3Y7.9%
Revenue Next 5YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
BFS is valuated rather expensively with a Price/Earnings ratio of 20.86.
Compared to the rest of the industry, the Price/Earnings ratio of BFS indicates a rather cheap valuation: BFS is cheaper than 84.50% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of BFS to the average of the S&P500 Index (27.14), we can say BFS is valued slightly cheaper.
BFS is valuated quite expensively with a Price/Forward Earnings ratio of 30.33.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BFS indicates a somewhat cheap valuation: BFS is cheaper than 76.74% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BFS to the average of the S&P500 Index (22.80), we can say BFS is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.86 | ||
| Fwd PE | 30.33 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BFS is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.68 |
4.3 Compensation for Growth
BFS has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as BFS's earnings are expected to decrease with -6.96% in the coming years.
PEG (NY)N/A
PEG (5Y)25.88
EPS Next 2Y-17.07%
EPS Next 3Y-6.96%
5. Dividend
5.1 Amount
BFS has a Yearly Dividend Yield of 7.13%, which is a nice return.
Compared to an average industry Dividend Yield of 6.31, BFS pays a bit more dividend than its industry peers.
BFS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.13% |
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.
BFS's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP213.93%
EPS Next 2Y-17.07%
EPS Next 3Y-6.96%
34
+0.24 (+0.71%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners46.41%
Inst Owner Change1.45%
Ins Owners50.09%
Ins Owner Change17.54%
Market Cap828.58M
Analysts80
Price Target49.47 (45.5%)
Short Float %1.44%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.13% |
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)3.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-26.24%
EPS NY rev (3m)-26.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)2.51%
Revenue NY rev (3m)2.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.86 | ||
| Fwd PE | 30.33 | ||
| P/S | 2.97 | ||
| P/FCF | N/A | ||
| P/OCF | 7.38 | ||
| P/B | 2.57 | ||
| P/tB | 2.57 | ||
| EV/EBITDA | 13.68 |
EPS(TTM)1.63
EY4.79%
EPS(NY)1.12
Fwd EY3.3%
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)4.6
OCFY13.54%
SpS11.44
BVpS13.23
TBVpS13.23
PEG (NY)N/A
PEG (5Y)25.88
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%
ROICexcg growth 3Y-2.38%
ROICexcg 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 | 0.37 |
F-Score5
WACC6.09%
ROIC/WACC0.75
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)-26.82%
EPS 3Y1.35%
EPS 5Y0.81%
EPS Q2Q%-34.58%
EPS Next Y-35.56%
EPS Next 2Y-17.07%
EPS Next 3Y-6.96%
EPS Next 5YN/A
Revenue 1Y (TTM)5.17%
Revenue growth 3Y3.97%
Revenue growth 5Y2.99%
Sales Q2Q%5.87%
Revenue Next Year8.97%
Revenue Next 2Y7.74%
Revenue Next 3Y7.9%
Revenue Next 5YN/A
EBIT growth 1Y-1.27%
EBIT growth 3Y4.25%
EBIT growth 5Y2.64%
EBIT Next Year52.57%
EBIT Next 3Y22.2%
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%