FRANKLIN BSP REALTY TRUST IN (FBRT) Stock Fundamental Analysis
USA - NYSE:FBRT - US35243J1016 - REIT
10.57 USD
0 (0%)
10.5 USD
-0.07 (-0.66%)
Taking everything into account, FBRT scores 5 out of 10 in our fundamental rating. FBRT was compared to 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. FBRT has an average financial health and profitability rating. FBRT is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FBRT had positive earnings in the past year.
FBRT had a positive operating cash flow in the past year.
In multiple years FBRT reported negative net income over the last 5 years.
In the past 5 years FBRT always reported a positive cash flow from operatings.
1.2 Ratios
FBRT's Return On Assets of 1.43% is amongst the best of the industry. FBRT outperforms 89.55% of its industry peers.
FBRT's Return On Equity of 5.10% is amongst the best of the industry. FBRT outperforms 83.58% of its industry peers.
With an excellent Return On Invested Capital value of 1.56%, FBRT belongs to the best of the industry, outperforming 88.06% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FBRT is in line with the industry average of 1.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 5.1% | ||
| ROIC | 1.56% |
ROA(3y)0.89%
ROA(5y)0.77%
ROE(3y)3.24%
ROE(5y)2.64%
ROIC(3y)1.98%
ROIC(5y)1.77%
1.3 Margins
Looking at the Profit Margin, with a value of 15.25%, FBRT belongs to the top of the industry, outperforming 85.07% of the companies in the same industry.
In the last couple of years the Profit Margin of FBRT has declined.
FBRT has a better Operating Margin (20.72%) than 85.07% of its industry peers.
FBRT's Operating Margin has declined in the last couple of years.
FBRT has a better Gross Margin (33.08%) than 74.63% of its industry peers.
In the last couple of years the Gross Margin of FBRT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.72% | ||
| PM (TTM) | 15.25% | ||
| GM | 33.08% |
OM growth 3Y-18.47%
OM growth 5Y-9.13%
PM growth 3YN/A
PM growth 5Y-15.85%
GM growth 3Y-14.34%
GM growth 5Y-8.05%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FBRT is destroying value.
FBRT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FBRT has more shares outstanding
FBRT has a worse debt/assets ratio than last year.
2.2 Solvency
FBRT has an Altman-Z score of 0.20. This is a bad value and indicates that FBRT is not financially healthy and even has some risk of bankruptcy.
FBRT has a Altman-Z score of 0.20. This is in the better half of the industry: FBRT outperforms 76.12% of its industry peers.
The Debt to FCF ratio of FBRT is 23.28, which is on the high side as it means it would take FBRT, 23.28 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 23.28, FBRT belongs to the top of the industry, outperforming 92.54% of the companies in the same industry.
A Debt/Equity ratio of 2.50 is on the high side and indicates that FBRT has dependencies on debt financing.
FBRT's Debt to Equity ratio of 2.50 is fine compared to the rest of the industry. FBRT outperforms 76.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.5 | ||
| Debt/FCF | 23.28 | ||
| Altman-Z | 0.2 |
ROIC/WACC0.22
WACC7.16%
2.3 Liquidity
A Current Ratio of 1.06 indicates that FBRT should not have too much problems paying its short term obligations.
The Current ratio of FBRT (1.06) is better than 76.12% of its industry peers.
FBRT has a Quick Ratio of 1.06. This is a normal value and indicates that FBRT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.06, FBRT is in the better half of the industry, outperforming 76.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The earnings per share for FBRT have decreased strongly by -77.27% in the last year.
The earnings per share for FBRT have been decreasing by -12.52% on average. This is quite bad
FBRT shows a decrease in Revenue. In the last year, the revenue decreased by -5.49%.
FBRT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.90% yearly.
EPS 1Y (TTM)-77.27%
EPS 3YN/A
EPS 5Y-12.52%
EPS Q2Q%-12.9%
Revenue 1Y (TTM)-5.49%
Revenue growth 3Y38.51%
Revenue growth 5Y18.9%
Sales Q2Q%-3.13%
3.2 Future
The Earnings Per Share is expected to grow by 23.24% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 2.34% on average over the next years.
EPS Next Y-0.96%
EPS Next 2Y23.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.35%
Revenue Next 2Y2.34%
Revenue Next 3YN/A
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 30.20, the valuation of FBRT can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as FBRT.
The average S&P500 Price/Earnings ratio is at 27.02. FBRT is around the same levels.
Based on the Price/Forward Earnings ratio of 7.56, the valuation of FBRT can be described as very cheap.
67.16% of the companies in the same industry are more expensive than FBRT, based on the Price/Forward Earnings ratio.
FBRT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.2 | ||
| Fwd PE | 7.56 |
4.2 Price Multiples
FBRT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FBRT is cheaper than 92.54% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FBRT indicates a rather cheap valuation: FBRT is cheaper than 91.04% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.1 | ||
| EV/EBITDA | 35.51 |
4.3 Compensation for Growth
The decent profitability rating of FBRT may justify a higher PE ratio.
A more expensive valuation may be justified as FBRT's earnings are expected to grow with 23.24% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y23.24%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FBRT has a Yearly Dividend Yield of 13.43%, which is a nice return.
Compared to an average industry Dividend Yield of 12.05, FBRT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.43, FBRT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.43% |
5.2 History
The dividend of FBRT has a limited annual growth rate of 3.71%.
FBRT has been paying a dividend for over 5 years, so it has already some track record.
FBRT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.71%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
180.43% of the earnings are spent on dividend by FBRT. This is not a sustainable payout ratio.
FBRT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP180.43%
EPS Next 2Y23.24%
EPS Next 3YN/A
10.57
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners64.37%
Inst Owner Change-0.02%
Ins Owners1.72%
Ins Owner Change4.07%
Market Cap869.59M
Analysts85.45
Price Target14.99 (41.82%)
Short Float %2.62%
Short Ratio3.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.43% |
Yearly Dividend1.75
Dividend Growth(5Y)3.71%
DP180.43%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-77.18%
Min EPS beat(2)-144.4%
Max EPS beat(2)-9.96%
EPS beat(4)1
Avg EPS beat(4)-70.3%
Min EPS beat(4)-144.4%
Max EPS beat(4)2.01%
EPS beat(8)3
Avg EPS beat(8)-37.65%
EPS beat(12)7
Avg EPS beat(12)-21.32%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.85%
Min Revenue beat(2)-7.91%
Max Revenue beat(2)-3.8%
Revenue beat(4)1
Avg Revenue beat(4)-3.01%
Min Revenue beat(4)-8.13%
Max Revenue beat(4)7.79%
Revenue beat(8)2
Avg Revenue beat(8)-4.23%
Revenue beat(12)6
Avg Revenue beat(12)18.4%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-3.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.61%
EPS NY rev (1m)3.88%
EPS NY rev (3m)-7.9%
Revenue NQ rev (1m)-3.61%
Revenue NQ rev (3m)-5.43%
Revenue NY rev (1m)-2.68%
Revenue NY rev (3m)-3.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.2 | ||
| Fwd PE | 7.56 | ||
| P/S | 1.65 | ||
| P/FCF | 5.1 | ||
| P/OCF | 5.1 | ||
| P/B | 0.55 | ||
| P/tB | 0.55 | ||
| EV/EBITDA | 35.51 |
EPS(TTM)0.35
EY3.31%
EPS(NY)1.4
Fwd EY13.22%
FCF(TTM)2.07
FCFY19.6%
OCF(TTM)2.07
OCFY19.6%
SpS6.41
BVpS19.19
TBVpS19.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 5.1% | ||
| ROCE | 2.11% | ||
| ROIC | 1.56% | ||
| ROICexc | 1.69% | ||
| ROICexgc | 1.76% | ||
| OM | 20.72% | ||
| PM (TTM) | 15.25% | ||
| GM | 33.08% | ||
| FCFM | 32.31% |
ROA(3y)0.89%
ROA(5y)0.77%
ROE(3y)3.24%
ROE(5y)2.64%
ROIC(3y)1.98%
ROIC(5y)1.77%
ROICexc(3y)2.06%
ROICexc(5y)1.84%
ROICexgc(3y)2.11%
ROICexgc(5y)1.89%
ROCE(3y)2.83%
ROCE(5y)2.78%
ROICexcg growth 3Y33.91%
ROICexcg growth 5Y-4.14%
ROICexc growth 3Y32.43%
ROICexc growth 5Y-2.59%
OM growth 3Y-18.47%
OM growth 5Y-9.13%
PM growth 3YN/A
PM growth 5Y-15.85%
GM growth 3Y-14.34%
GM growth 5Y-8.05%
F-Score7
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.5 | ||
| Debt/FCF | 23.28 | ||
| Debt/EBITDA | 34.34 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.37 | ||
| Cash Conversion | 148.38% | ||
| Profit Quality | 211.83% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 0.2 |
F-Score7
WACC7.16%
ROIC/WACC0.22
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)-77.27%
EPS 3YN/A
EPS 5Y-12.52%
EPS Q2Q%-12.9%
EPS Next Y-0.96%
EPS Next 2Y23.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.49%
Revenue growth 3Y38.51%
Revenue growth 5Y18.9%
Sales Q2Q%-3.13%
Revenue Next Year4.35%
Revenue Next 2Y2.34%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-27.68%
EBIT growth 3Y12.93%
EBIT growth 5Y8.05%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-33.15%
FCF growth 3Y-26.9%
FCF growth 5Y5.93%
OCF growth 1Y-33.15%
OCF growth 3Y-26.9%
OCF growth 5Y4.74%