FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - NYSE:FCPT - US35086T1097 - REIT
24.45 USD
+0.01 (+0.04%)
25.96 USD
+1.51 (+6.18%)
Overall FCPT gets a fundamental rating of 4 out of 10. We evaluated FCPT against 29 industry peers in the Specialized REITs industry. FCPT has a medium profitability rating, but doesn't score so well on its financial health evaluation. FCPT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FCPT had positive earnings in the past year.
In the past year FCPT had a positive cash flow from operations.
Each year in the past 5 years FCPT has been profitable.
In the past 5 years FCPT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FCPT (3.83%) is better than 72.41% of its industry peers.
With a decent Return On Equity value of 7.15%, FCPT is doing good in the industry, outperforming 68.97% of the companies in the same industry.
The Return On Invested Capital of FCPT (4.57%) is better than 62.07% of its industry peers.
FCPT had an Average Return On Invested Capital over the past 3 years of 4.58%. This is in line with the industry average of 4.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.83% | ||
| ROE | 7.15% | ||
| ROIC | 4.57% |
ROA(3y)4.04%
ROA(5y)4.25%
ROE(3y)7.71%
ROE(5y)8.24%
ROIC(3y)4.58%
ROIC(5y)4.79%
1.3 Margins
FCPT's Profit Margin of 37.87% is amongst the best of the industry. FCPT outperforms 86.21% of its industry peers.
FCPT's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 55.71%, FCPT belongs to the top of the industry, outperforming 86.21% of the companies in the same industry.
In the last couple of years the Operating Margin of FCPT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.71% | ||
| PM (TTM) | 37.87% | ||
| GM | N/A |
OM growth 3Y-1.84%
OM growth 5Y-2.04%
PM growth 3Y-4.42%
PM growth 5Y-3.73%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FCPT is destroying value.
FCPT has more shares outstanding than it did 1 year ago.
FCPT has more shares outstanding than it did 5 years ago.
FCPT has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.42, we must say that FCPT is in the distress zone and has some risk of bankruptcy.
FCPT has a Altman-Z score of 1.42. This is in the better half of the industry: FCPT outperforms 68.97% of its industry peers.
FCPT has a Debt/Equity ratio of 0.81. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
FCPT's Debt to Equity ratio of 0.81 is fine compared to the rest of the industry. FCPT outperforms 75.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.42 |
ROIC/WACC0.59
WACC7.72%
2.3 Liquidity
A Current Ratio of 0.17 indicates that FCPT may have some problems paying its short term obligations.
With a Current ratio value of 0.17, FCPT is not doing good in the industry: 89.66% of the companies in the same industry are doing better.
FCPT has a Quick Ratio of 0.17. This is a bad value and indicates that FCPT is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.17, FCPT is not doing good in the industry: 89.66% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.93% over the past year.
FCPT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.19% yearly.
FCPT shows a small growth in Revenue. In the last year, the Revenue has grown by 6.28%.
The Revenue has been growing by 10.85% on average over the past years. This is quite good.
EPS 1Y (TTM)0.93%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
Revenue 1Y (TTM)6.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%9.57%
3.2 Future
FCPT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.73% yearly.
The Revenue is expected to grow by 8.93% on average over the next years. This is quite good.
EPS Next Y6.19%
EPS Next 2Y9.89%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue Next Year15.34%
Revenue Next 2Y9.46%
Revenue Next 3Y8.93%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.64 indicates a rather expensive valuation of FCPT.
Based on the Price/Earnings ratio, FCPT is valued cheaper than 86.21% of the companies in the same industry.
FCPT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.32, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 18.92, FCPT is valued on the expensive side.
FCPT's Price/Forward Earnings ratio is rather cheap when compared to the industry. FCPT is cheaper than 86.21% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.89. FCPT is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.64 | ||
| Fwd PE | 18.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FCPT indicates a somewhat cheap valuation: FCPT is cheaper than 62.07% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.65 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FCPT does not grow enough to justify the current Price/Earnings ratio.
FCPT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.65
PEG (5Y)120.44
EPS Next 2Y9.89%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.58%, FCPT is a good candidate for dividend investing.
FCPT's Dividend Yield is comparable with the industry average which is at 6.04.
Compared to an average S&P500 Dividend Yield of 2.38, FCPT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
5.2 History
The dividend of FCPT has a limited annual growth rate of 3.33%.
FCPT has been paying a dividend for at least 10 years, so it has a reliable track record.
FCPT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.33%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
128.20% of the earnings are spent on dividend by FCPT. This is not a sustainable payout ratio.
The dividend of FCPT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP128.2%
EPS Next 2Y9.89%
EPS Next 3Y4.73%
24.45
+0.01 (+0.04%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners103.53%
Inst Owner Change-0.23%
Ins Owners1.2%
Ins Owner Change2.44%
Market Cap2.55B
Analysts76
Price Target29.58 (20.98%)
Short Float %3.84%
Short Ratio6.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
Yearly Dividend1.34
Dividend Growth(5Y)3.33%
DP128.2%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.77%
Min EPS beat(2)-6.29%
Max EPS beat(2)-1.26%
EPS beat(4)0
Avg EPS beat(4)-4.57%
Min EPS beat(4)-6.29%
Max EPS beat(4)-1.26%
EPS beat(8)0
Avg EPS beat(8)-3.61%
EPS beat(12)2
Avg EPS beat(12)-2.64%
EPS beat(16)4
Avg EPS beat(16)-2.02%
Revenue beat(2)2
Avg Revenue beat(2)2.3%
Min Revenue beat(2)2.17%
Max Revenue beat(2)2.43%
Revenue beat(4)3
Avg Revenue beat(4)1.55%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)2.43%
Revenue beat(8)6
Avg Revenue beat(8)1.19%
Revenue beat(12)7
Avg Revenue beat(12)0.56%
Revenue beat(16)10
Avg Revenue beat(16)0.65%
PT rev (1m)-1.46%
PT rev (3m)-2.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.42%
EPS NY rev (1m)0%
EPS NY rev (3m)0.36%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)-0.03%
Revenue NY rev (1m)2.59%
Revenue NY rev (3m)4.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.64 | ||
| Fwd PE | 18.92 | ||
| P/S | 9.14 | ||
| P/FCF | N/A | ||
| P/OCF | 14.84 | ||
| P/B | 1.72 | ||
| P/tB | 1.88 | ||
| EV/EBITDA | 17.65 |
EPS(TTM)1.08
EY4.42%
EPS(NY)1.29
Fwd EY5.28%
FCF(TTM)-1.74
FCFYN/A
OCF(TTM)1.65
OCFY6.74%
SpS2.68
BVpS14.18
TBVpS13.01
PEG (NY)3.65
PEG (5Y)120.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.83% | ||
| ROE | 7.15% | ||
| ROCE | 5.78% | ||
| ROIC | 4.57% | ||
| ROICexc | 4.58% | ||
| ROICexgc | 4.82% | ||
| OM | 55.71% | ||
| PM (TTM) | 37.87% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)4.04%
ROA(5y)4.25%
ROE(3y)7.71%
ROE(5y)8.24%
ROIC(3y)4.58%
ROIC(5y)4.79%
ROICexc(3y)4.61%
ROICexc(5y)4.82%
ROICexgc(3y)4.92%
ROICexgc(5y)5.13%
ROCE(3y)5.8%
ROCE(5y)6.06%
ROICexcg growth 3Y-3.23%
ROICexcg growth 5Y-3.69%
ROICexc growth 3Y-3.17%
ROICexc growth 5Y-3.96%
OM growth 3Y-1.84%
OM growth 5Y-2.04%
PM growth 3Y-4.42%
PM growth 5Y-3.73%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.66 | ||
| Cap/Depr | 622.95% | ||
| Cap/Sales | 126.51% | ||
| Interest Coverage | 2.65 | ||
| Cash Conversion | 81.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z | 1.42 |
F-Score5
WACC7.72%
ROIC/WACC0.59
Cap/Depr(3y)629.03%
Cap/Depr(5y)688.48%
Cap/Sales(3y)123.56%
Cap/Sales(5y)128.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.93%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
EPS Next Y6.19%
EPS Next 2Y9.89%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue 1Y (TTM)6.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%9.57%
Revenue Next Year15.34%
Revenue Next 2Y9.46%
Revenue Next 3Y8.93%
Revenue Next 5YN/A
EBIT growth 1Y7.09%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.79%
EBIT Next 3Y22.35%
EBIT Next 5YN/A
FCF growth 1Y20.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.99%
OCF growth 3Y5.59%
OCF growth 5Y6.6%