SAUL CENTERS INC (BFS) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:BFS • US8043951016

32.41 USD
+0.46 (+1.44%)
At close: Feb 3, 2026
32.41 USD
0 (0%)
After Hours: 2/3/2026, 8:04:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to BFS. BFS was compared to 124 industry peers in the Diversified REITs industry. BFS has an excellent profitability rating, but there are concerns on its financial health. BFS is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

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.
BFS Yearly Net Income VS EBIT VS OCF VS FCFBFS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.29%, BFS is in line with its industry, outperforming 54.03% of the companies in the same industry.
  • The Return On Equity of BFS (8.81%) is better than 81.45% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.47%, BFS belongs to the top of the industry, outperforming 86.29% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BFS is in line with the industry average of 3.05%.
Industry RankSector Rank
ROA 1.29%
ROE 8.81%
ROIC 4.47%
ROA(3y)2.02%
ROA(5y)1.99%
ROE(3y)11.13%
ROE(5y)10.12%
ROIC(3y)4.81%
ROIC(5y)4.84%
BFS Yearly ROA, ROE, ROICBFS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • BFS has a Profit Margin (9.83%) which is comparable to the rest of the industry.
  • BFS's Profit Margin has been stable in the last couple of years.
  • BFS has a better Operating Margin (41.79%) than 87.10% of its industry peers.
  • BFS's Operating Margin has been stable in the last couple of years.
  • BFS has a better Gross Margin (71.74%) than 65.32% of its industry peers.
  • BFS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 41.79%
PM (TTM) 9.83%
GM 71.74%
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%
BFS Yearly Profit, Operating, Gross MarginsBFS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

More info and screens

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BFS is destroying value.
  • Compared to 1 year ago, BFS has more shares outstanding
  • BFS has more shares outstanding than it did 5 years ago.
  • BFS has a worse debt/assets ratio than last year.
BFS Yearly Shares OutstandingBFS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
BFS Yearly Total Debt VS Total AssetsBFS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • BFS has an Altman-Z score of 0.35. 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 (0.35) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 5.02 is on the high side and indicates that BFS has dependencies on debt financing.
  • BFS has a worse Debt to Equity ratio (5.02) than 83.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.02
Debt/FCF N/A
Altman-Z 0.35
ROIC/WACC0.77
WACC5.82%
BFS Yearly LT Debt VS Equity VS FCFBFS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

  • BFS has a Current Ratio of 1.00. This is a normal value and indicates that BFS is financially healthy and should not expect problems in meeting its short term obligations.
  • BFS's Current ratio of 1.00 is in line compared to the rest of the industry. BFS outperforms 54.03% of its industry peers.
  • A Quick Ratio of 1.00 indicates that BFS should not have too much problems paying its short term obligations.
  • The Quick ratio of BFS (1.00) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 1
BFS Yearly Current Assets VS Current LiabilitesBFS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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3

3. Growth

3.1 Past

  • The earnings per share for BFS have decreased strongly by -38.23% in the last year.
  • The Earnings Per Share has been growing slightly by 0.81% on average over the past years.
  • The Revenue has been growing slightly by 5.75% in the past year.
  • BFS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.99% yearly.
EPS 1Y (TTM)-38.23%
EPS 3Y1.35%
EPS 5Y0.81%
EPS Q2Q%-33.33%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.97%
Revenue growth 5Y2.99%
Sales Q2Q%7.01%

3.2 Future

  • Based on estimates for the next years, BFS will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.46% on average per year.
  • The Revenue is expected to grow by 6.49% on average over the next years.
EPS Next Y-25.02%
EPS Next 2Y-20.5%
EPS Next 3Y-14.46%
EPS Next 5YN/A
Revenue Next Year6.66%
Revenue Next 2Y6.21%
Revenue Next 3Y6.49%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BFS Yearly Revenue VS EstimatesBFS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
BFS Yearly EPS VS EstimatesBFS Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 0.5 1 1.5

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3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 19.88, BFS is valued on the expensive side.
  • Based on the Price/Earnings ratio, BFS is valued cheaply inside the industry as 82.26% of the companies are valued more expensively.
  • BFS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.18.
  • With a Price/Forward Earnings ratio of 31.46, BFS can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BFS indicates a somewhat cheap valuation: BFS is cheaper than 76.61% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.51. BFS is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 19.88
Fwd PE 31.46
BFS Price Earnings VS Forward Price EarningsBFS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BFS is valued a bit cheaper than 64.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.4
BFS Per share dataBFS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

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 -14.46% in the coming years.
PEG (NY)N/A
PEG (5Y)24.67
EPS Next 2Y-20.5%
EPS Next 3Y-14.46%

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6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.61%, BFS is a good candidate for dividend investing.
  • BFS's Dividend Yield is a higher than the industry average which is at 6.98.
  • Compared to an average S&P500 Dividend Yield of 1.83, BFS pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.61%

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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.15%
Div Incr Years0
Div Non Decr Years14
BFS Yearly Dividends per shareBFS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • BFS pays out 244.75% of its income as dividend. 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.
DP244.75%
EPS Next 2Y-20.5%
EPS Next 3Y-14.46%
BFS Yearly Income VS Free CF VS DividendBFS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M
BFS Dividend Payout.BFS Dividend Payout, showing the Payout Ratio.BFS Dividend Payout.PayoutRetained Earnings

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SAUL CENTERS INC

NYSE:BFS (2/3/2026, 8:04:00 PM)

After market: 32.41 0 (0%)

32.41

+0.46 (+1.44%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-06
Earnings (Next)02-26
Inst Owners51.3%
Inst Owner Change-0.78%
Ins Owners49.56%
Ins Owner Change2.46%
Market Cap791.13M
Revenue(TTM)283.96M
Net Income(TTM)27.90M
Analysts80
Price Target46.41 (43.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.61%
Yearly Dividend2.81
Dividend Growth(5Y)1.15%
DP244.75%
Div Incr Years0
Div Non Decr Years14
Ex-Date01-15
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)-0.34%
Min Revenue beat(2)-1.45%
Max Revenue beat(2)0.78%
Revenue beat(4)2
Avg Revenue beat(4)-0.28%
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)3.41%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)35%
EPS NY rev (1m)0%
EPS NY rev (3m)15.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.78%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.14%
Valuation
Industry RankSector Rank
PE 19.88
Fwd PE 31.46
P/S 2.79
P/FCF N/A
P/OCF 7.44
P/B 2.5
P/tB 2.5
EV/EBITDA 13.4
EPS(TTM)1.63
EY5.03%
EPS(NY)1.03
Fwd EY3.18%
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)4.36
OCFY13.45%
SpS11.63
BVpS12.97
TBVpS12.97
PEG (NY)N/A
PEG (5Y)24.67
Graham Number21.81
Profitability
Industry RankSector Rank
ROA 1.29%
ROE 8.81%
ROCE 5.66%
ROIC 4.47%
ROICexc 4.5%
ROICexgc 4.53%
OM 41.79%
PM (TTM) 9.83%
GM 71.74%
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 RankSector Rank
Debt/Equity 5.02
Debt/FCF N/A
Debt/EBITDA 9.03
Cap/Depr 206.47%
Cap/Sales 41.54%
Interest Coverage 1.83
Cash Conversion 60.52%
Profit Quality N/A
Current Ratio 1
Quick Ratio 1
Altman-Z 0.35
F-Score5
WACC5.82%
ROIC/WACC0.77
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)-38.23%
EPS 3Y1.35%
EPS 5Y0.81%
EPS Q2Q%-33.33%
EPS Next Y-25.02%
EPS Next 2Y-20.5%
EPS Next 3Y-14.46%
EPS Next 5YN/A
Revenue 1Y (TTM)5.75%
Revenue growth 3Y3.97%
Revenue growth 5Y2.99%
Sales Q2Q%7.01%
Revenue Next Year6.66%
Revenue Next 2Y6.21%
Revenue Next 3Y6.49%
Revenue Next 5YN/A
EBIT growth 1Y-4.01%
EBIT growth 3Y4.25%
EBIT growth 5Y2.64%
EBIT Next Year49.36%
EBIT Next 3Y19.33%
EBIT Next 5YN/A
FCF growth 1Y82.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.84%
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.


What is the valuation status of SAUL CENTERS INC (BFS) stock?

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 are the PE and PB ratios of SAUL CENTERS INC (BFS) stock?

The Price/Earnings (PE) ratio for SAUL CENTERS INC (BFS) is 19.88 and the Price/Book (PB) ratio is 2.5.


Can you provide the expected EPS growth for BFS stock?

The Earnings per Share (EPS) of SAUL CENTERS INC (BFS) is expected to decline by -25.02% in the next year.