SAUL CENTERS INC (BFS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BFS - US8043951016 - REIT
31.39 USD
-0.54 (-1.69%)
31.39 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 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
BFS had positive earnings in the past year.
BFS had a positive operating cash flow in the past year.
BFS had positive earnings in each of the past 5 years.
In the past 5 years BFS always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.29%, BFS is in line with its industry, outperforming 53.13% of the companies in the same industry.
BFS's Return On Equity of 8.81% is amongst the best of the industry. BFS outperforms 80.47% of its industry peers.
The Return On Invested Capital of BFS (4.47%) is better than 86.72% 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 3.05%.
| Industry Rank | Sector 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%
1.3 Margins
BFS has a Profit Margin of 9.83%. This is comparable to the rest of the industry: BFS outperforms 56.25% of its industry peers.
BFS's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 41.79%, BFS belongs to the best of the industry, outperforming 86.72% 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.
BFS has a Gross Margin of 71.74%. This is in the better half of the industry: BFS outperforms 65.63% of its industry peers.
BFS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BFS is destroying value.
Compared to 1 year ago, BFS has more shares outstanding
The number of shares outstanding for BFS has been increased compared to 5 years ago.
The debt/assets ratio for BFS is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.35, we must say that BFS is in the distress zone and has some risk of bankruptcy.
BFS's Altman-Z score of 0.35 is in line compared to the rest of the industry. BFS outperforms 42.97% of its industry peers.
BFS has a Debt/Equity ratio of 5.02. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BFS (5.02) is worse than 83.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.35 |
ROIC/WACC0.77
WACC5.78%
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.
The Current ratio of BFS (1.00) is comparable to the rest of the industry.
BFS has a Quick 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.
With a Quick ratio value of 1.00, BFS perfoms like the industry average, outperforming 52.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
BFS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.23%.
Measured over the past 5 years, BFS shows a small growth in Earnings Per Share. The EPS has been growing by 0.81% on average per year.
BFS shows a small growth in Revenue. In the last year, the Revenue has grown by 5.75%.
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
BFS is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.46% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.26, BFS is valued on the expensive side.
BFS's Price/Earnings ratio is rather cheap when compared to the industry. BFS is cheaper than 82.81% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.39, BFS is valued a bit cheaper.
With a Price/Forward Earnings ratio of 30.47, BFS can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, BFS is valued a bit cheaper than the industry average as 75.78% of the companies are valued more expensively.
BFS's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.26 | ||
| Fwd PE | 30.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BFS is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.33 |
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 -14.46% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)23.89
EPS Next 2Y-20.5%
EPS Next 3Y-14.46%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.39%, BFS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.33, BFS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, BFS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.39% |
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
244.75% 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.
DP244.75%
EPS Next 2Y-20.5%
EPS Next 3Y-14.46%
31.39
-0.54 (-1.69%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners51.33%
Inst Owner Change10.37%
Ins Owners49.71%
Ins Owner Change1.74%
Market Cap766.23M
Revenue(TTM)283.96M
Net Income(TTM)27.90M
Analysts80
Price Target46.41 (47.85%)
Short Float %2.78%
Short Ratio4.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.39% |
Yearly Dividend2.81
Dividend Growth(5Y)1.15%
DP244.75%
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)-0.34%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)35%
EPS NQ rev (3m)35%
EPS NY rev (1m)15.24%
EPS NY rev (3m)16.35%
Revenue NQ rev (1m)2.78%
Revenue NQ rev (3m)2.78%
Revenue NY rev (1m)1.14%
Revenue NY rev (3m)1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.26 | ||
| Fwd PE | 30.47 | ||
| P/S | 2.7 | ||
| P/FCF | N/A | ||
| P/OCF | 7.2 | ||
| P/B | 2.42 | ||
| P/tB | 2.42 | ||
| EV/EBITDA | 13.33 |
EPS(TTM)1.63
EY5.19%
EPS(NY)1.03
Fwd EY3.28%
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)4.36
OCFY13.88%
SpS11.63
BVpS12.97
TBVpS12.97
PEG (NY)N/A
PEG (5Y)23.89
Graham Number21.81
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC5.78%
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.
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 -25.02% 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 244.75%.