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FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis

NYSE:FCPT - New York Stock Exchange, Inc. - US35086T1097 - REIT - Currency: USD

27.32  -0.08 (-0.29%)

After market: 27.32 0 (0%)

Fundamental Rating

4

FCPT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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.


Dividend Valuation Growth Profitability Health

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5

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.
In the past 5 years FCPT has always been profitable.
FCPT had a positive operating cash flow in each of the past 5 years.
FCPT Yearly Net Income VS EBIT VS OCF VS FCFFCPT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

Looking at the Return On Assets, with a value of 3.78%, FCPT is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
The Return On Equity of FCPT (7.17%) is better than 70.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.54%, FCPT is in line with its industry, outperforming 56.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FCPT is in line with the industry average of 5.28%.
Industry RankSector Rank
ROA 3.78%
ROE 7.17%
ROIC 4.54%
ROA(3y)4.04%
ROA(5y)4.25%
ROE(3y)7.71%
ROE(5y)8.24%
ROIC(3y)4.58%
ROIC(5y)4.79%
FCPT Yearly ROA, ROE, ROICFCPT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

With an excellent Profit Margin value of 37.57%, FCPT belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
FCPT's Profit Margin has declined in the last couple of years.
The Operating Margin of FCPT (55.52%) is better than 86.67% of its industry peers.
FCPT's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 55.52%
PM (TTM) 37.57%
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
FCPT Yearly Profit, Operating, Gross MarginsFCPT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80 100

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2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
FCPT Yearly Shares OutstandingFCPT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
FCPT Yearly Total Debt VS Total AssetsFCPT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

Based on the Altman-Z score of 1.51, we must say that FCPT is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of FCPT (1.51) is better than 73.33% of its industry peers.
A Debt/Equity ratio of 0.84 indicates that FCPT is somewhat dependend on debt financing.
FCPT has a better Debt to Equity ratio (0.84) than 63.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Altman-Z 1.51
ROIC/WACC0.58
WACC7.82%
FCPT Yearly LT Debt VS Equity VS FCFFCPT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

A Current Ratio of 0.41 indicates that FCPT may have some problems paying its short term obligations.
With a Current ratio value of 0.41, FCPT is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
FCPT has a Quick Ratio of 0.41. This is a bad value and indicates that FCPT is not financially healthy enough and could expect problems in meeting its short term obligations.
FCPT has a Quick ratio of 0.41. This is in the lower half of the industry: FCPT underperforms 70.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.41
Quick Ratio 0.41
FCPT Yearly Current Assets VS Current LiabilitesFCPT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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5

3. Growth

3.1 Past

FCPT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
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.
FCPT shows a small growth in Revenue. In the last year, the Revenue has grown by 6.21%.
Measured over the past years, FCPT shows a quite strong growth in Revenue. The Revenue has been growing by 10.85% on average per year.
EPS 1Y (TTM)0%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%0%
Revenue 1Y (TTM)6.21%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%7.54%

3.2 Future

The Earnings Per Share is expected to grow by 4.49% on average over the next years.
Based on estimates for the next years, FCPT will show a quite strong growth in Revenue. The Revenue will grow by 9.81% on average per year.
EPS Next Y5.81%
EPS Next 2Y4.7%
EPS Next 3Y4.49%
EPS Next 5YN/A
Revenue Next Year10.13%
Revenue Next 2Y9.68%
Revenue Next 3Y9.81%
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 stable.
FCPT Yearly Revenue VS EstimatesFCPT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
FCPT Yearly EPS VS EstimatesFCPT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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2

4. Valuation

4.1 Price/Earnings Ratio

FCPT is valuated quite expensively with a Price/Earnings ratio of 25.53.
Compared to the rest of the industry, the Price/Earnings ratio of FCPT indicates a somewhat cheap valuation: FCPT is cheaper than 73.33% of the companies listed in the same industry.
FCPT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 23.29 indicates a rather expensive valuation of FCPT.
80.00% of the companies in the same industry are more expensive than FCPT, based on the Price/Forward Earnings ratio.
FCPT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 25.53
Fwd PE 23.29
FCPT Price Earnings VS Forward Price EarningsFCPT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

FCPT's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.88
FCPT Per share dataFCPT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)4.39
PEG (5Y)135.83
EPS Next 2Y4.7%
EPS Next 3Y4.49%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.13%, FCPT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.55, FCPT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, FCPT pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.13%

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
FCPT Yearly Dividends per shareFCPT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

128.60% 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.
DP128.6%
EPS Next 2Y4.7%
EPS Next 3Y4.49%
FCPT Yearly Income VS Free CF VS DividendFCPT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M
FCPT Dividend Payout.FCPT Dividend Payout, showing the Payout Ratio.FCPT Dividend Payout.PayoutRetained Earnings

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FOUR CORNERS PROPERTY TRUST

NYSE:FCPT (6/18/2025, 8:04:00 PM)

After market: 27.32 0 (0%)

27.32

-0.08 (-0.29%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)04-30 2025-04-30/amc
Earnings (Next)07-29 2025-07-29/amc
Inst Owners105.09%
Inst Owner Change4.93%
Ins Owners1.19%
Ins Owner Change7.93%
Market Cap2.73B
Analysts76
Price Target30.6 (12.01%)
Short Float %5.62%
Short Ratio8.67
Dividend
Industry RankSector Rank
Dividend Yield 5.13%
Yearly Dividend1.34
Dividend Growth(5Y)3.33%
DP128.6%
Div Incr Years3
Div Non Decr Years3
Ex-Date03-31 2025-03-31 (0.355)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.21%
Min EPS beat(2)-6.29%
Max EPS beat(2)-6.13%
EPS beat(4)0
Avg EPS beat(4)-4.75%
Min EPS beat(4)-6.29%
Max EPS beat(4)-1.96%
EPS beat(8)1
Avg EPS beat(8)-3.38%
EPS beat(12)2
Avg EPS beat(12)-2.91%
EPS beat(16)4
Avg EPS beat(16)-2.45%
Revenue beat(2)2
Avg Revenue beat(2)2.14%
Min Revenue beat(2)1.84%
Max Revenue beat(2)2.43%
Revenue beat(4)3
Avg Revenue beat(4)1.58%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)2.43%
Revenue beat(8)5
Avg Revenue beat(8)0.58%
Revenue beat(12)7
Avg Revenue beat(12)0.43%
Revenue beat(16)10
Avg Revenue beat(16)0.77%
PT rev (1m)-1.41%
PT rev (3m)0.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.36%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.46%
Revenue NQ rev (1m)-0.56%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)-0.77%
Revenue NY rev (3m)-0.11%
Valuation
Industry RankSector Rank
PE 25.53
Fwd PE 23.29
P/S 10
P/FCF N/A
P/OCF 16.25
P/B 1.91
P/tB 2.08
EV/EBITDA 18.88
EPS(TTM)1.07
EY3.92%
EPS(NY)1.17
Fwd EY4.29%
FCF(TTM)-1.46
FCFYN/A
OCF(TTM)1.68
OCFY6.15%
SpS2.73
BVpS14.31
TBVpS13.11
PEG (NY)4.39
PEG (5Y)135.83
Profitability
Industry RankSector Rank
ROA 3.78%
ROE 7.17%
ROCE 5.74%
ROIC 4.54%
ROICexc 4.57%
ROICexgc 4.83%
OM 55.52%
PM (TTM) 37.57%
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 RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Debt/EBITDA 5.8
Cap/Depr 566.35%
Cap/Sales 115.05%
Interest Coverage 2.57
Cash Conversion 81.14%
Profit Quality N/A
Current Ratio 0.41
Quick Ratio 0.41
Altman-Z 1.51
F-Score5
WACC7.82%
ROIC/WACC0.58
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%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%0%
EPS Next Y5.81%
EPS Next 2Y4.7%
EPS Next 3Y4.49%
EPS Next 5YN/A
Revenue 1Y (TTM)6.21%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%7.54%
Revenue Next Year10.13%
Revenue Next 2Y9.68%
Revenue Next 3Y9.81%
Revenue Next 5YN/A
EBIT growth 1Y6.91%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.82%
EBIT Next 3Y22.98%
EBIT Next 5YN/A
FCF growth 1Y-13.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.81%
OCF growth 3Y5.59%
OCF growth 5Y6.6%