FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - NYSE:FCPT - US35086T1097 - REIT
23.64 USD
+0.1 (+0.42%)
23.8 USD
+0.16 (+0.68%)
Taking everything into account, FCPT scores 4 out of 10 in our fundamental rating. FCPT was compared to 30 industry peers in the Specialized REITs industry. There are concerns on the financial health of FCPT while its profitability can be described as average. FCPT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FCPT was profitable.
FCPT had a positive operating cash flow in the past year.
Each year in the past 5 years FCPT has been profitable.
Each year in the past 5 years FCPT had a positive operating cash flow.
1.2 Ratios
FCPT has a better Return On Assets (3.83%) than 70.00% of its industry peers.
With a decent Return On Equity value of 7.15%, FCPT is doing good in the industry, outperforming 70.00% of the companies in the same industry.
FCPT has a better Return On Invested Capital (4.57%) than 63.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FCPT 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
The Profit Margin of FCPT (37.87%) is better than 86.67% of its industry peers.
FCPT's Profit Margin has declined in the last couple of years.
FCPT's Operating Margin of 55.71% is amongst the best of the industry. FCPT outperforms 86.67% of its industry peers.
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
FCPT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FCPT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for FCPT has been increased compared to 5 years ago.
FCPT has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.38, we must say that FCPT is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.38, FCPT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
FCPT has a Debt/Equity ratio of 0.81. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
FCPT has a better Debt to Equity ratio (0.81) than 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.38 |
ROIC/WACC0.6
WACC7.64%
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: 86.67% of the companies in the same industry are doing better.
A Quick Ratio of 0.17 indicates that FCPT may have some problems paying its short term obligations.
With a Quick ratio value of 0.17, FCPT is not doing good in the industry: 86.67% 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 grown by an nice 17.76% over the past year.
Measured over the past 5 years, FCPT shows a small growth in Earnings Per Share. The EPS has been growing by 0.19% on average per year.
Looking at the last year, FCPT shows a small growth in Revenue. The Revenue has grown by 6.97% in the last year.
FCPT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.85% yearly.
EPS 1Y (TTM)17.76%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%66.67%
Revenue 1Y (TTM)6.97%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%11.02%
3.2 Future
The Earnings Per Share is expected to grow by 4.73% on average over the next years.
FCPT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.30% yearly.
EPS Next Y6%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue Next Year15.38%
Revenue Next 2Y9.64%
Revenue Next 3Y9.3%
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 accelerating.
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
With a Price/Earnings ratio of 18.76, FCPT is valued on the expensive side.
83.33% of the companies in the same industry are more expensive than FCPT, based on the Price/Earnings ratio.
FCPT's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.10.
A Price/Forward Earnings ratio of 19.71 indicates a rather expensive valuation of FCPT.
Based on the Price/Forward Earnings ratio, FCPT is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
FCPT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.76 | ||
| Fwd PE | 19.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FCPT is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.26 |
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.
The decent profitability rating of FCPT may justify a higher PE ratio.
PEG (NY)3.13
PEG (5Y)99.81
EPS Next 2Y5.88%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
FCPT has a Yearly Dividend Yield of 6.03%, which is a nice return.
Compared to an average industry Dividend Yield of 5.98, FCPT pays a bit more dividend than its industry peers.
FCPT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.03% |
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 2Y5.88%
EPS Next 3Y4.73%
23.64
+0.1 (+0.42%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.54%
Inst Owner Change0.16%
Ins Owners1.18%
Ins Owner Change2.5%
Market Cap2.47B
Revenue(TTM)268.07M
Net Income(TTM)105.84M
Analysts74.67
Price Target29.43 (24.49%)
Short Float %3.47%
Short Ratio6.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.03% |
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)-0.49%
PT rev (3m)-3.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.7%
EPS NY rev (1m)0.18%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)4.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.76 | ||
| Fwd PE | 19.71 | ||
| P/S | 8.84 | ||
| P/FCF | N/A | ||
| P/OCF | 14.35 | ||
| P/B | 1.67 | ||
| P/tB | 1.82 | ||
| EV/EBITDA | 17.26 |
EPS(TTM)1.26
EY5.33%
EPS(NY)1.2
Fwd EY5.07%
FCF(TTM)-1.74
FCFYN/A
OCF(TTM)1.65
OCFY6.97%
SpS2.68
BVpS14.18
TBVpS13.01
PEG (NY)3.13
PEG (5Y)99.81
Graham Number20.05
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%
ROICexgc growth 3Y-3.23%
ROICexgc 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 | 1.38 |
F-Score5
WACC7.64%
ROIC/WACC0.6
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)17.76%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%66.67%
EPS Next Y6%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue 1Y (TTM)6.97%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%11.02%
Revenue Next Year15.38%
Revenue Next 2Y9.64%
Revenue Next 3Y9.3%
Revenue Next 5YN/A
EBIT growth 1Y7.09%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.87%
EBIT Next 3Y22.13%
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%
FOUR CORNERS PROPERTY TRUST / FCPT FAQ
What is the ChartMill fundamental rating of FOUR CORNERS PROPERTY TRUST (FCPT) stock?
ChartMill assigns a fundamental rating of 4 / 10 to FCPT.
Can you provide the valuation status for FOUR CORNERS PROPERTY TRUST?
ChartMill assigns a valuation rating of 3 / 10 to FOUR CORNERS PROPERTY TRUST (FCPT). This can be considered as Overvalued.
How profitable is FOUR CORNERS PROPERTY TRUST (FCPT) stock?
FOUR CORNERS PROPERTY TRUST (FCPT) has a profitability rating of 6 / 10.
What is the financial health of FOUR CORNERS PROPERTY TRUST (FCPT) stock?
The financial health rating of FOUR CORNERS PROPERTY TRUST (FCPT) is 2 / 10.
Can you provide the dividend sustainability for FCPT stock?
The dividend rating of FOUR CORNERS PROPERTY TRUST (FCPT) is 6 / 10 and the dividend payout ratio is 128.2%.