BRIXMOR PROPERTY GROUP INC (BRX) Stock Fundamental Analysis
NYSE:BRX - US11120U1051 - REIT
27.85 USD
+0.12 (+0.43%)
27.85 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to BRX. BRX was compared to 129 industry peers in the Diversified REITs industry. BRX scores excellent on profitability, but there are concerns on its financial health. BRX does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year BRX was profitable.
BRX had a positive operating cash flow in the past year.
In the past 5 years BRX has always been profitable.
In the past 5 years BRX always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 3.89%, BRX belongs to the best of the industry, outperforming 85.27% of the companies in the same industry.
BRX's Return On Equity of 11.33% is amongst the best of the industry. BRX outperforms 93.02% of its industry peers.
BRX has a Return On Invested Capital of 4.83%. This is amongst the best in the industry. BRX outperforms 89.15% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BRX is in line with the industry average of 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.89% | ||
| ROE | 11.33% | ||
| ROIC | 4.83% |
ROA(3y)3.88%
ROA(5y)3.26%
ROE(3y)11.45%
ROE(5y)9.75%
ROIC(3y)4.88%
ROIC(5y)4.52%
1.3 Margins
With a decent Profit Margin value of 25.22%, BRX is doing good in the industry, outperforming 78.29% of the companies in the same industry.
BRX's Profit Margin has improved in the last couple of years.
BRX's Operating Margin of 35.50% is fine compared to the rest of the industry. BRX outperforms 73.64% of its industry peers.
In the last couple of years the Operating Margin of BRX has remained more or less at the same level.
With a decent Gross Margin value of 74.90%, BRX is doing good in the industry, outperforming 72.87% of the companies in the same industry.
In the last couple of years the Gross Margin of BRX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.5% | ||
| PM (TTM) | 25.22% | ||
| GM | 74.9% |
OM growth 3Y-0.02%
OM growth 5Y-0.47%
PM growth 3Y4.08%
PM growth 5Y2.36%
GM growth 3Y0.52%
GM growth 5Y0.17%
2. Health
2.1 Basic Checks
BRX 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 BRX has been increased compared to 1 year ago.
Compared to 5 years ago, BRX has more shares outstanding
The debt/assets ratio for BRX is higher compared to a year ago.
2.2 Solvency
BRX has an Altman-Z score of 1.09. This is a bad value and indicates that BRX is not financially healthy and even has some risk of bankruptcy.
BRX has a Altman-Z score of 1.09. This is in the better half of the industry: BRX outperforms 75.97% of its industry peers.
A Debt/Equity ratio of 1.73 is on the high side and indicates that BRX has dependencies on debt financing.
BRX has a worse Debt to Equity ratio (1.73) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.09 |
ROIC/WACC0.73
WACC6.59%
2.3 Liquidity
BRX has a Current Ratio of 0.44. This is a bad value and indicates that BRX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.44, BRX is not doing good in the industry: 81.40% of the companies in the same industry are doing better.
BRX has a Quick Ratio of 0.44. This is a bad value and indicates that BRX is not financially healthy enough and could expect problems in meeting its short term obligations.
BRX has a worse Quick ratio (0.43) than 80.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
BRX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.40%, which is quite good.
The Earnings Per Share has been growing slightly by 3.83% on average over the past years.
BRX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.07%.
Measured over the past years, BRX shows a small growth in Revenue. The Revenue has been growing by 1.92% on average per year.
EPS 1Y (TTM)13.4%
EPS 3Y7.24%
EPS 5Y3.83%
EPS Q2Q%21.74%
Revenue 1Y (TTM)-16.07%
Revenue growth 3Y3.7%
Revenue growth 5Y1.92%
Sales Q2Q%7.51%
3.2 Future
The Earnings Per Share is expected to decrease by -3.08% on average over the next years.
The Revenue is expected to grow by 5.45% on average over the next years.
EPS Next Y-15.92%
EPS Next 2Y-5.38%
EPS Next 3Y-1.04%
EPS Next 5Y-3.08%
Revenue Next Year5.57%
Revenue Next 2Y4.65%
Revenue Next 3Y4.39%
Revenue Next 5Y5.45%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 25.32 indicates a quite expensive valuation of BRX.
76.74% of the companies in the same industry are more expensive than BRX, based on the Price/Earnings ratio.
BRX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.02.
Based on the Price/Forward Earnings ratio of 28.02, the valuation of BRX can be described as expensive.
Based on the Price/Forward Earnings ratio, BRX is valued cheaper than 80.62% of the companies in the same industry.
BRX is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.32 | ||
| Fwd PE | 28.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BRX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.36 |
4.3 Compensation for Growth
The decent profitability rating of BRX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)6.62
EPS Next 2Y-5.38%
EPS Next 3Y-1.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.09%, BRX is a good candidate for dividend investing.
BRX's Dividend Yield is slightly below the industry average, which is at 6.63.
BRX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
5.2 History
The dividend of BRX decreases each year by -0.56%.
BRX has been paying a dividend for at least 10 years, so it has a reliable track record.
BRX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-0.56%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
102.47% of the earnings are spent on dividend by BRX. This is not a sustainable payout ratio.
BRX's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP102.47%
EPS Next 2Y-5.38%
EPS Next 3Y-1.04%
27.85
+0.12 (+0.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.19%
Inst Owner Change0.86%
Ins Owners0.39%
Ins Owner Change0.02%
Market Cap8.52B
Analysts80.91
Price Target30.72 (10.31%)
Short Float %4.5%
Short Ratio6.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
Yearly Dividend1.09
Dividend Growth(5Y)-0.56%
DP102.47%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.15%
Min EPS beat(2)2.35%
Max EPS beat(2)29.95%
EPS beat(4)4
Avg EPS beat(4)24.3%
Min EPS beat(4)2.35%
Max EPS beat(4)44.96%
EPS beat(8)8
Avg EPS beat(8)20.08%
EPS beat(12)11
Avg EPS beat(12)27.34%
EPS beat(16)15
Avg EPS beat(16)31.21%
Revenue beat(2)2
Avg Revenue beat(2)1.4%
Min Revenue beat(2)1.17%
Max Revenue beat(2)1.63%
Revenue beat(4)2
Avg Revenue beat(4)0.35%
Min Revenue beat(4)-0.81%
Max Revenue beat(4)1.63%
Revenue beat(8)4
Avg Revenue beat(8)-0.08%
Revenue beat(12)5
Avg Revenue beat(12)-0.19%
Revenue beat(16)9
Avg Revenue beat(16)0.44%
PT rev (1m)0%
PT rev (3m)0.1%
EPS NQ rev (1m)0.92%
EPS NQ rev (3m)-1.79%
EPS NY rev (1m)4.47%
EPS NY rev (3m)3.05%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.32 | ||
| Fwd PE | 28.02 | ||
| P/S | 6.43 | ||
| P/FCF | N/A | ||
| P/OCF | 13.66 | ||
| P/B | 2.89 | ||
| P/tB | 2.89 | ||
| EV/EBITDA | 15.36 |
EPS(TTM)1.1
EY3.95%
EPS(NY)0.99
Fwd EY3.57%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)2.04
OCFY7.32%
SpS4.33
BVpS9.65
TBVpS9.65
PEG (NY)N/A
PEG (5Y)6.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.89% | ||
| ROE | 11.33% | ||
| ROCE | 6.12% | ||
| ROIC | 4.83% | ||
| ROICexc | 4.9% | ||
| ROICexgc | 4.92% | ||
| OM | 35.5% | ||
| PM (TTM) | 25.22% | ||
| GM | 74.9% | ||
| FCFM | N/A |
ROA(3y)3.88%
ROA(5y)3.26%
ROE(3y)11.45%
ROE(5y)9.75%
ROIC(3y)4.88%
ROIC(5y)4.52%
ROICexc(3y)4.98%
ROICexc(5y)4.66%
ROICexgc(3y)4.99%
ROICexgc(5y)4.67%
ROCE(3y)6.18%
ROCE(5y)5.73%
ROICexcg growth 3Y5.16%
ROICexcg growth 5Y4.28%
ROICexc growth 3Y5.16%
ROICexc growth 5Y4.27%
OM growth 3Y-0.02%
OM growth 5Y-0.47%
PM growth 3Y4.08%
PM growth 5Y2.36%
GM growth 3Y0.52%
GM growth 5Y0.17%
F-Score4
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.73 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.81 | ||
| Cap/Depr | 161.27% | ||
| Cap/Sales | 49.5% | ||
| Interest Coverage | 2.19 | ||
| Cash Conversion | 71.1% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 1.09 |
F-Score4
WACC6.59%
ROIC/WACC0.73
Cap/Depr(3y)160.08%
Cap/Depr(5y)147.91%
Cap/Sales(3y)46.34%
Cap/Sales(5y)43.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.4%
EPS 3Y7.24%
EPS 5Y3.83%
EPS Q2Q%21.74%
EPS Next Y-15.92%
EPS Next 2Y-5.38%
EPS Next 3Y-1.04%
EPS Next 5Y-3.08%
Revenue 1Y (TTM)-16.07%
Revenue growth 3Y3.7%
Revenue growth 5Y1.92%
Sales Q2Q%7.51%
Revenue Next Year5.57%
Revenue Next 2Y4.65%
Revenue Next 3Y4.39%
Revenue Next 5Y5.45%
EBIT growth 1Y-19.29%
EBIT growth 3Y3.69%
EBIT growth 5Y1.45%
EBIT Next Year87.94%
EBIT Next 3Y27.11%
EBIT Next 5Y21.48%
FCF growth 1Y-113.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.3%
OCF growth 3Y4.2%
OCF growth 5Y3.39%