FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
NYSE:FCPT - New York Stock Exchange, Inc. - US35086T1097 - REIT - Currency: USD
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. FCPT has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, FCPT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year FCPT was profitable.
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 (3.78%) than 66.67% of its industry peers.
FCPT's Return On Equity of 7.17% is fine compared to the rest of the industry. FCPT outperforms 70.00% of its industry peers.
FCPT has a Return On Invested Capital of 4.54%. This is comparable to the rest of the industry: FCPT outperforms 56.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FCPT is in line with the industry average of 5.28%.
| Industry Rank | Sector 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%
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.
In the last couple of years the Profit Margin of FCPT has declined.
FCPT has a better Operating Margin (55.52%) than 86.67% of its industry peers.
FCPT's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FCPT 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.
The debt/assets ratio for FCPT has been reduced compared to a year ago.
2.2 Solvency
FCPT has an Altman-Z score of 1.50. This is a bad value and indicates that FCPT is not financially healthy and even has some risk of bankruptcy.
FCPT has a better Altman-Z score (1.50) than 73.33% of its industry peers.
A Debt/Equity ratio of 0.84 indicates that FCPT is somewhat dependend on debt financing.
FCPT's Debt to Equity ratio of 0.84 is fine compared to the rest of the industry. FCPT outperforms 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.5 |
ROIC/WACC0.58
WACC7.88%
2.3 Liquidity
FCPT has a Current 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.
With a Current ratio value of 0.41, FCPT is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
A Quick Ratio of 0.41 indicates that FCPT may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.41, FCPT is doing worse than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.41 | ||
| Quick Ratio | 0.41 |
3. Growth
3.1 Past
The earnings per share for FCPT have decreased by 0.00% in the last year.
The Earnings Per Share has been growing slightly by 0.19% on average over the past years.
The Revenue has been growing slightly by 6.21% in the past 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)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.
The Revenue is expected to grow by 9.81% on average over the next years. This is quite good.
EPS Next Y5.81%
EPS Next 2Y4.7%
EPS Next 3Y4.49%
EPS Next 5YN/A
Revenue Next Year10.99%
Revenue Next 2Y10.4%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 25.31 indicates a quite expensive valuation of FCPT.
FCPT's Price/Earnings ratio is a bit cheaper when compared to the industry. FCPT is cheaper than 76.67% 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 25.82, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 23.09 indicates a rather expensive valuation of FCPT.
FCPT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FCPT is cheaper than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, FCPT is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.31 | ||
| Fwd PE | 23.09 |
4.2 Price Multiples
FCPT's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.73 |
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)4.35
PEG (5Y)134.64
EPS Next 2Y4.7%
EPS Next 3Y4.49%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.19%, FCPT is a good candidate for dividend investing.
FCPT's Dividend Yield is comparable with the industry average which is at 5.68.
FCPT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
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 decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.33%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
FCPT pays out 128.60% of its income as dividend. This is not a sustainable payout ratio.
FCPT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP128.6%
EPS Next 2Y4.7%
EPS Next 3Y4.49%
27.08
+0.08 (+0.3%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.63%
Inst Owner Change4.85%
Ins Owners1.26%
Ins Owner Change6.41%
Market Cap2.71B
Analysts76
Price Target31.04 (14.62%)
Short Float %5.62%
Short Ratio6.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
Yearly Dividend1.34
Dividend Growth(5Y)3.33%
DP128.6%
Div Incr Years2
Div Non Decr Years2
Ex-Date
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)0.47%
PT rev (3m)0.95%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)-2.59%
EPS NY rev (1m)-1.07%
EPS NY rev (3m)-2.97%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)1.24%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.31 | ||
| Fwd PE | 23.09 | ||
| P/S | 9.91 | ||
| P/FCF | N/A | ||
| P/OCF | 16.11 | ||
| P/B | 1.89 | ||
| P/tB | 2.07 | ||
| EV/EBITDA | 18.73 |
EPS(TTM)1.07
EY3.95%
EPS(NY)1.17
Fwd EY4.33%
FCF(TTM)-1.46
FCFYN/A
OCF(TTM)1.68
OCFY6.21%
SpS2.73
BVpS14.31
TBVpS13.11
PEG (NY)4.35
PEG (5Y)134.64
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.5 |
F-Score5
WACC7.88%
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 Year10.99%
Revenue Next 2Y10.4%
Revenue Next 3Y9.81%
Revenue Next 5YN/A
EBIT growth 1Y6.91%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year52.77%
EBIT Next 3Y27.81%
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%