BRIXMOR PROPERTY GROUP INC (BRX)
US11120U1051 - REIT
We assign a fundamental rating of 4 out of 10 to BRX. BRX was compared to 126 industry peers in the Diversified REITs industry. While BRX belongs to the best of the industry regarding profitability, there are concerns on its financial health. BRX has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year BRX was profitable.
In the past year BRX had a positive cash flow from operations.
Each year in the past 5 years BRX has 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 3.65%, BRX belongs to the best of the industry, outperforming 82.93% of the companies in the same industry.
BRX has a Return On Equity of 10.67%. This is amongst the best in the industry. BRX outperforms 87.80% of its industry peers.
BRX has a better Return On Invested Capital (4.92%) than 91.06% of its industry peers.
BRX had an Average Return On Invested Capital over the past 3 years of 4.66%. This is in line with the industry average of 2.95%.
The 3 year average ROIC (4.66%) for BRX is below the current ROIC(4.92%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.65% | ||
| ROE | 10.67% | ||
| ROIC | 4.92% |
ROA(3y)3.68%
ROA(5y)3.17%
ROE(3y)10.97%
ROE(5y)9.48%
ROIC(3y)4.66%
ROIC(5y)4.38%
1.3 Margins
With a decent Profit Margin value of 24.43%, BRX is doing good in the industry, outperforming 75.61% of the companies in the same industry.
BRX's Profit Margin has declined in the last couple of years.
The Operating Margin of BRX (35.80%) is better than 81.30% of its industry peers.
In the last couple of years the Operating Margin of BRX has remained more or less at the same level.
BRX has a Gross Margin of 74.31%. This is in the better half of the industry: BRX outperforms 67.48% of its industry peers.
BRX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.8% | ||
| PM (TTM) | 24.43% | ||
| GM | 74.31% |
OM growth 3Y3.63%
OM growth 5Y-1.01%
PM growth 3Y28.68%
PM growth 5Y-3.79%
GM growth 3Y0.43%
GM growth 5Y-0.08%
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.
BRX has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for BRX has been increased compared to 5 years ago.
The debt/assets ratio for BRX has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.84, we must say that BRX is in the distress zone and has some risk of bankruptcy.
BRX's Altman-Z score of 0.84 is fine compared to the rest of the industry. BRX outperforms 68.29% of its industry peers.
BRX has a debt to FCF ratio of 20.44. This is a negative value and a sign of low solvency as BRX would need 20.44 years to pay back of all of its debts.
BRX has a better Debt to FCF ratio (20.44) than 65.85% of its industry peers.
A Debt/Equity ratio of 1.63 is on the high side and indicates that BRX has dependencies on debt financing.
With a Debt to Equity ratio value of 1.63, BRX is not doing good in the industry: 69.11% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 20.44 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.69
WACC7.11%
2.3 Liquidity
BRX has a Current Ratio of 0.24. 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 0.24, BRX is not doing good in the industry: 95.12% of the companies in the same industry are doing better.
BRX has a Quick Ratio of 0.24. This is a bad value and indicates that BRX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.24, BRX is doing worse than 94.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
BRX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.98%.
The Earnings Per Share has been decreasing by -3.55% on average over the past years.
Looking at the last year, BRX shows a small growth in Revenue. The Revenue has grown by 2.22% in the last year.
BRX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.17% yearly.
EPS 1Y (TTM)-12.98%
EPS 3Y36.17%
EPS 5Y-3.55%
EPS growth Q2Q-31.43%
Revenue 1Y (TTM)2.22%
Revenue growth 3Y5.73%
Revenue growth 5Y0.17%
Revenue growth Q2Q2.56%
3.2 Future
The Earnings Per Share is expected to decrease by -0.20% on average over the next years.
The Revenue is expected to grow by 4.83% on average over the next years.
EPS Next Y-12.25%
EPS Next 2Y-2.72%
EPS Next 3Y-1.01%
EPS Next 5Y-0.2%
Revenue Next Year3.04%
Revenue Next 2Y3.85%
Revenue Next 3Y4.83%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
With a Price/Earnings ratio of 21.55, BRX is valued on the expensive side.
Based on the Price/Earnings ratio, BRX is valued a bit cheaper than the industry average as 75.61% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.20, BRX is valued at the same level.
A Price/Forward Earnings ratio of 24.56 indicates a rather expensive valuation of BRX.
Based on the Price/Forward Earnings ratio, BRX is valued cheaper than 81.30% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.63. BRX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.55 | ||
| Fwd PE | 24.56 |
4.2 Price Multiples
BRX's Enterprise Value to EBITDA is on the same level as the industry average.
60.16% of the companies in the same industry are more expensive than BRX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.17 | ||
| EV/EBITDA | 14.22 |
4.3 Compensation for Growth
The excellent profitability rating of BRX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.72%
EPS Next 3Y-1.01%
5. Dividend
5.1 Amount
BRX has a Yearly Dividend Yield of 5.11%, which is a nice return.
Compared to an average industry Dividend Yield of 6.12, BRX has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, BRX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.11% |
5.2 History
The dividend of BRX decreases each year by -1.03%.
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)-1.03%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
BRX pays out 103.65% of its income as dividend. 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.
DP103.65%
EPS Next 2Y-2.72%
EPS Next 3Y-1.01%
BRIXMOR PROPERTY GROUP INC
NYSE:BRX (4/25/2024, 7:04:01 PM)
After market: 21.77 0 (0%)21.77
+0.01 (+0.05%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.56B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.11% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.55 | ||
| Fwd PE | 24.56 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.65% | ||
| ROE | 10.67% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 35.8% | ||
| PM (TTM) | 24.43% | ||
| GM | 74.31% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-12.98%
EPS 3Y36.17%
EPS 5Y
EPS growth Q2Q
EPS Next Y-12.25%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.22%
Revenue growth 3Y5.73%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y