FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FCPT - US35086T1097 - REIT
23.96 USD
-0.05 (-0.21%)
23.96 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to FCPT. FCPT was compared to 30 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 not valued too expensively and it also shows 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.
FCPT had positive earnings in each of the past 5 years.
In the past 5 years FCPT always reported a positive cash flow from operatings.
1.2 Ratios
FCPT has a better Return On Assets (3.85%) than 70.00% of its industry peers.
The Return On Equity of FCPT (7.11%) is better than 63.33% of its industry peers.
FCPT has a Return On Invested Capital of 4.57%. This is in the better half of the industry: FCPT outperforms 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 4.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 7.11% | ||
| 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 has a better Profit Margin (38.04%) than 86.67% of its industry peers.
In the last couple of years the Profit Margin of FCPT has declined.
FCPT has a Operating Margin of 55.67%. This is amongst the best in the industry. FCPT outperforms 86.67% of its industry peers.
FCPT's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.67% | ||
| PM (TTM) | 38.04% | ||
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FCPT is destroying value.
Compared to 1 year ago, FCPT has more shares outstanding
Compared to 5 years ago, FCPT has more shares outstanding
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.
With a decent Altman-Z score value of 1.38, FCPT is doing good in the industry, outperforming 73.33% of the companies in the same industry.
FCPT has a Debt/Equity ratio of 0.79. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.79, FCPT is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.38 |
ROIC/WACC0.61
WACC7.54%
2.3 Liquidity
A Current Ratio of 0.18 indicates that FCPT may have some problems paying its short term obligations.
The Current ratio of FCPT (0.18) is worse than 90.00% of its industry peers.
A Quick Ratio of 0.18 indicates that FCPT may have some problems paying its short term obligations.
The Quick ratio of FCPT (0.18) is worse than 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.87% over the past year.
The Earnings Per Share has been growing slightly by 0.19% on average over the past years.
The Revenue has grown by 8.28% in the past year. This is quite good.
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)1.87%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
Revenue 1Y (TTM)8.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%11.02%
3.2 Future
Based on estimates for the next years, FCPT will show a small growth in Earnings Per Share. The EPS will grow by 4.73% on average per year.
FCPT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.24% yearly.
EPS Next Y6%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue Next Year15.38%
Revenue Next 2Y9.67%
Revenue Next 3Y7.24%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
FCPT is valuated rather expensively with a Price/Earnings ratio of 21.98.
FCPT's Price/Earnings ratio is rather cheap when compared to the industry. FCPT is cheaper than 86.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.65. FCPT is around the same levels.
A Price/Forward Earnings ratio of 19.97 indicates a rather expensive valuation of FCPT.
Based on the Price/Forward Earnings ratio, FCPT is valued cheaper than 83.33% of the companies in the same industry.
FCPT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.45, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.98 | ||
| Fwd PE | 19.97 |
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 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.06 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of FCPT may justify a higher PE ratio.
PEG (NY)3.66
PEG (5Y)116.94
EPS Next 2Y5.88%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
FCPT has a Yearly Dividend Yield of 6.22%, which is a nice return.
Compared to an average industry Dividend Yield of 6.15, 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 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.22% |
5.2 History
The dividend of FCPT has a limited annual growth rate of 3.33%.
FCPT has paid a dividend for at least 10 years, which is 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
FCPT pays out 128.50% of its income as dividend. This is not a sustainable payout ratio.
The dividend of FCPT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP128.5%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
23.96
-0.05 (-0.21%)
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 Change2.06%
Ins Owners1.18%
Ins Owner Change2.57%
Market Cap2.50B
Revenue(TTM)286.80M
Net Income(TTM)109.10M
Analysts74.67
Price Target29.29 (22.25%)
Short Float %3.76%
Short Ratio6.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.22% |
Yearly Dividend1.34
Dividend Growth(5Y)3.33%
DP128.5%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.64%
Min EPS beat(2)-4.02%
Max EPS beat(2)-1.26%
EPS beat(4)0
Avg EPS beat(4)-4.42%
Min EPS beat(4)-6.29%
Max EPS beat(4)-1.26%
EPS beat(8)0
Avg EPS beat(8)-3.64%
EPS beat(12)1
Avg EPS beat(12)-3.24%
EPS beat(16)3
Avg EPS beat(16)-2.38%
Revenue beat(2)2
Avg Revenue beat(2)2.39%
Min Revenue beat(2)2.17%
Max Revenue beat(2)2.62%
Revenue beat(4)4
Avg Revenue beat(4)2.27%
Min Revenue beat(4)1.84%
Max Revenue beat(4)2.62%
Revenue beat(8)7
Avg Revenue beat(8)1.64%
Revenue beat(12)8
Avg Revenue beat(12)0.8%
Revenue beat(16)11
Avg Revenue beat(16)0.95%
PT rev (1m)-0.99%
PT rev (3m)-2.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.4%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.18%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)-0.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.98 | ||
| Fwd PE | 19.97 | ||
| P/S | 8.73 | ||
| P/FCF | N/A | ||
| P/OCF | 14.09 | ||
| P/B | 1.63 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 17.06 |
EPS(TTM)1.09
EY4.55%
EPS(NY)1.2
Fwd EY5.01%
FCF(TTM)-1.79
FCFYN/A
OCF(TTM)1.7
OCFY7.1%
SpS2.75
BVpS14.68
TBVpS13.5
PEG (NY)3.66
PEG (5Y)116.94
Graham Number18.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 7.11% | ||
| ROCE | 5.79% | ||
| ROIC | 4.57% | ||
| ROICexc | 4.58% | ||
| ROICexgc | 4.82% | ||
| OM | 55.67% | ||
| PM (TTM) | 38.04% | ||
| 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 | 0.79 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.57 | ||
| Cap/Depr | 626.49% | ||
| Cap/Sales | 127.12% | ||
| Interest Coverage | 2.75 | ||
| Cash Conversion | 81.55% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | 1.38 |
F-Score5
WACC7.54%
ROIC/WACC0.61
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)1.87%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
EPS Next Y6%
EPS Next 2Y5.88%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue 1Y (TTM)8.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%11.02%
Revenue Next Year15.38%
Revenue Next 2Y9.67%
Revenue Next 3Y7.24%
Revenue Next 5YN/A
EBIT growth 1Y8.4%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.87%
EBIT Next 3Y22.13%
EBIT Next 5YN/A
FCF growth 1Y35.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y10.07%
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 4 / 10 to FOUR CORNERS PROPERTY TRUST (FCPT). This can be considered as Fairly Valued.
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 128.5%.