BRIGHTSPIRE CAPITAL INC (BRSP) Stock Fundamental Analysis
USA - NYSE:BRSP - US10949T1097 - REIT
5.69 USD
-0.02 (-0.35%)
5.69 USD
0 (0%)
BRSP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 62 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. BRSP has a medium profitability rating, but doesn't score so well on its financial health evaluation. BRSP has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year BRSP was profitable.
In the past year BRSP had a positive cash flow from operations.
BRSP had negative earnings in 4 of the past 5 years.
Of the past 5 years BRSP 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.73%, BRSP is doing worse than 70.97% of the companies in the same industry.
With a Return On Equity value of -2.49%, BRSP is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
With an excellent Return On Invested Capital value of 4.38%, BRSP belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
BRSP had an Average Return On Invested Capital over the past 3 years of 3.24%. This is in line with the industry average of 1.39%.
The last Return On Invested Capital (4.38%) for BRSP is above the 3 year average (3.24%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.73% | ||
| ROE | -2.49% | ||
| ROIC | 4.38% |
ROA(3y)-0.98%
ROA(5y)-2.09%
ROE(3y)-3.5%
ROE(5y)-7.73%
ROIC(3y)3.24%
ROIC(5y)N/A
1.3 Margins
The Operating Margin of BRSP (52.74%) is better than 90.32% of its industry peers.
In the last couple of years the Operating Margin of BRSP has grown nicely.
The Gross Margin of BRSP (87.15%) is better than 95.16% of its industry peers.
In the last couple of years the Gross Margin of BRSP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.74% | ||
| PM (TTM) | N/A | ||
| GM | 87.15% |
OM growth 3Y-28.23%
OM growth 5Y31.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.22%
GM growth 5Y5.19%
2. Health
2.1 Basic Checks
BRSP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BRSP has been reduced compared to 1 year ago.
BRSP has more shares outstanding than it did 5 years ago.
BRSP has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.33, we must say that BRSP is in the distress zone and has some risk of bankruptcy.
BRSP has a Altman-Z score (-0.33) which is in line with its industry peers.
The Debt to FCF ratio of BRSP is 26.88, which is on the high side as it means it would take BRSP, 26.88 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 26.88, BRSP belongs to the top of the industry, outperforming 83.87% of the companies in the same industry.
A Debt/Equity ratio of 2.16 is on the high side and indicates that BRSP has dependencies on debt financing.
BRSP has a Debt to Equity ratio of 2.16. This is in the better half of the industry: BRSP outperforms 79.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.16 | ||
| Debt/FCF | 26.88 | ||
| Altman-Z | -0.33 |
ROIC/WACC0.65
WACC6.7%
2.3 Liquidity
A Current Ratio of 0.89 indicates that BRSP may have some problems paying its short term obligations.
BRSP has a Current ratio of 0.89. This is in the better half of the industry: BRSP outperforms 64.52% of its industry peers.
A Quick Ratio of 0.89 indicates that BRSP may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.89, BRSP is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
BRSP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.72%.
The Earnings Per Share has been growing by 37.65% on average over the past years. This is a very strong growth
Looking at the last year, BRSP shows a very negative growth in Revenue. The Revenue has decreased by -15.56% in the last year.
BRSP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -8.29% yearly.
EPS 1Y (TTM)-27.72%
EPS 3Y25.01%
EPS 5Y37.65%
EPS Q2Q%-18.18%
Revenue 1Y (TTM)-15.56%
Revenue growth 3Y-0.36%
Revenue growth 5Y-8.29%
Sales Q2Q%-33.76%
3.2 Future
BRSP is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.94% yearly.
BRSP is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.20% yearly.
EPS Next Y-20.67%
EPS Next 2Y-7.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-29.41%
Revenue Next 2Y-13.2%
Revenue Next 3YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.79 indicates a rather cheap valuation of BRSP.
Based on the Price/Earnings ratio, BRSP is valued cheaper than 80.65% of the companies in the same industry.
BRSP is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.99 indicates a rather cheap valuation of BRSP.
Based on the Price/Forward Earnings ratio, BRSP is valued a bit cheaper than 70.97% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. BRSP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.79 | ||
| Fwd PE | 7.99 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BRSP indicates a rather cheap valuation: BRSP is cheaper than 98.39% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BRSP indicates a somewhat cheap valuation: BRSP is cheaper than 77.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.82 | ||
| EV/EBITDA | 13.09 |
4.3 Compensation for Growth
A cheap valuation may be justified as BRSP's earnings are expected to decrease with -7.94% in the coming years.
PEG (NY)N/A
PEG (5Y)0.21
EPS Next 2Y-7.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BRSP has a Yearly Dividend Yield of 10.77%, which is a nice return.
BRSP's Dividend Yield is a higher than the industry average which is at 11.50.
Compared to an average S&P500 Dividend Yield of 2.38, BRSP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.77% |
5.2 History
The dividend of BRSP decreases each year by -14.79%.
BRSP has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-14.79%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of BRSP are negative and hence is the payout ratio. BRSP will probably not be able to sustain this dividend level.
BRSP's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-357.33%
EPS Next 2Y-7.94%
EPS Next 3YN/A
5.69
-0.02 (-0.35%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners66.68%
Inst Owner Change-1.99%
Ins Owners2.14%
Ins Owner Change14.09%
Market Cap739.64M
Analysts73.85
Price Target6.55 (15.11%)
Short Float %2.63%
Short Ratio4.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.77% |
Yearly Dividend0.76
Dividend Growth(5Y)-14.79%
DP-357.33%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.41%
Min EPS beat(2)-4.52%
Max EPS beat(2)13.33%
EPS beat(4)2
Avg EPS beat(4)2.94%
Min EPS beat(4)-4.52%
Max EPS beat(4)13.33%
EPS beat(8)5
Avg EPS beat(8)9.85%
EPS beat(12)8
Avg EPS beat(12)8.15%
EPS beat(16)11
Avg EPS beat(16)7.66%
Revenue beat(2)0
Avg Revenue beat(2)-6.95%
Min Revenue beat(2)-11.59%
Max Revenue beat(2)-2.3%
Revenue beat(4)0
Avg Revenue beat(4)-10.53%
Min Revenue beat(4)-15.28%
Max Revenue beat(4)-2.3%
Revenue beat(8)2
Avg Revenue beat(8)-5.74%
Revenue beat(12)4
Avg Revenue beat(12)29.23%
Revenue beat(16)8
Avg Revenue beat(16)89.53%
PT rev (1m)0%
PT rev (3m)-3.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.92%
EPS NY rev (1m)1.82%
EPS NY rev (3m)0.77%
Revenue NQ rev (1m)1.45%
Revenue NQ rev (3m)-5.01%
Revenue NY rev (1m)-2.93%
Revenue NY rev (3m)-3.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.79 | ||
| Fwd PE | 7.99 | ||
| P/S | 2.23 | ||
| P/FCF | 8.82 | ||
| P/OCF | 8.82 | ||
| P/B | 0.74 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | 13.09 |
EPS(TTM)0.73
EY12.83%
EPS(NY)0.71
Fwd EY12.51%
FCF(TTM)0.65
FCFY11.34%
OCF(TTM)0.65
OCFY11.34%
SpS2.55
BVpS7.65
TBVpS7.46
PEG (NY)N/A
PEG (5Y)0.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.73% | ||
| ROE | -2.49% | ||
| ROCE | 5.54% | ||
| ROIC | 4.38% | ||
| ROICexc | 4.6% | ||
| ROICexgc | 4.73% | ||
| OM | 52.74% | ||
| PM (TTM) | N/A | ||
| GM | 87.15% | ||
| FCFM | 25.31% |
ROA(3y)-0.98%
ROA(5y)-2.09%
ROE(3y)-3.5%
ROE(5y)-7.73%
ROIC(3y)3.24%
ROIC(5y)N/A
ROICexc(3y)3.49%
ROICexc(5y)N/A
ROICexgc(3y)3.53%
ROICexgc(5y)N/A
ROCE(3y)4.1%
ROCE(5y)N/A
ROICexcg growth 3Y-14.53%
ROICexcg growth 5Y43.03%
ROICexc growth 3Y-14.56%
ROICexc growth 5Y43.06%
OM growth 3Y-28.23%
OM growth 5Y31.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.22%
GM growth 5Y5.19%
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.16 | ||
| Debt/FCF | 26.88 | ||
| Debt/EBITDA | 9.91 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 38.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | -0.33 |
F-Score5
WACC6.7%
ROIC/WACC0.65
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-27.72%
EPS 3Y25.01%
EPS 5Y37.65%
EPS Q2Q%-18.18%
EPS Next Y-20.67%
EPS Next 2Y-7.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.56%
Revenue growth 3Y-0.36%
Revenue growth 5Y-8.29%
Sales Q2Q%-33.76%
Revenue Next Year-29.41%
Revenue Next 2Y-13.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y42.85%
EBIT growth 3Y-28.49%
EBIT growth 5Y20.64%
EBIT Next Year1769.16%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-37.15%
FCF growth 3YN/A
FCF growth 5Y-5.5%
OCF growth 1Y-37.15%
OCF growth 3YN/A
OCF growth 5Y-5.5%