FOUR CORNERS PROPERTY TRUST (FCPT)
US35086T1097 - REIT
Overall FCPT gets a fundamental rating of 3 out of 10. We evaluated FCPT against 28 industry peers in the Specialized REITs industry. There are concerns on the financial health of FCPT while its profitability can be described as average. 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.
Each year in the past 5 years FCPT has been profitable.
FCPT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FCPT (3.89%) is better than 67.86% of its industry peers.
With a Return On Equity value of 7.58%, FCPT perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
FCPT's Return On Invested Capital of 4.55% is in line compared to the rest of the industry. FCPT outperforms 50.00% 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 5.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.89% | ||
| ROE | 7.58% | ||
| ROIC | 4.55% |
ROA(3y)4.28%
ROA(5y)4.5%
ROE(3y)8.36%
ROE(5y)8.87%
ROIC(3y)4.73%
ROIC(5y)4.99%
1.3 Margins
FCPT's Profit Margin of 38.04% is amongst the best of the industry. FCPT outperforms 82.14% of its industry peers.
FCPT's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 54.64%, FCPT belongs to the best of the industry, outperforming 89.29% 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 | 54.64% | ||
| PM (TTM) | 38.04% | ||
| GM | N/A |
OM growth 3Y-4.41%
OM growth 5Y-2.4%
PM growth 3Y-5.61%
PM growth 5Y-7.89%
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.
Compared to 1 year ago, FCPT has more shares outstanding
FCPT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FCPT has a worse debt to assets ratio.
2.2 Solvency
FCPT has an Altman-Z score of 1.33. This is a bad value and indicates that FCPT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of FCPT (1.33) is better than 67.86% of its industry peers.
FCPT has a Debt/Equity ratio of 0.88. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
FCPT has a Debt to Equity ratio of 0.88. This is comparable to the rest of the industry: FCPT outperforms 57.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.33 |
ROIC/WACC0.54
WACC8.48%
2.3 Liquidity
FCPT has a Current Ratio of 0.28. This is a bad value and indicates that FCPT is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.28, FCPT is doing worse than 85.71% of the companies in the same industry.
FCPT has a Quick Ratio of 0.28. 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 worse Quick ratio (0.28) than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 |
3. Growth
3.1 Past
FCPT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.42%.
Measured over the past years, FCPT shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.34% on average per year.
FCPT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.28%.
Measured over the past years, FCPT shows a quite strong growth in Revenue. The Revenue has been growing by 11.78% on average per year.
EPS 1Y (TTM)-4.42%
EPS 3Y0.31%
EPS 5Y-3.34%
EPS growth Q2Q0%
Revenue 1Y (TTM)12.28%
Revenue growth 3Y13.61%
Revenue growth 5Y11.78%
Revenue growth Q2Q13.57%
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 1.89% on average per year.
The Revenue is expected to grow by 6.68% on average over the next years.
EPS Next Y4.83%
EPS Next 2Y3.46%
EPS Next 3Y1.89%
EPS Next 5YN/A
Revenue Next Year5.22%
Revenue Next 2Y6.65%
Revenue Next 3Y6.68%
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
With a Price/Earnings ratio of 21.70, FCPT is valued on the expensive side.
Based on the Price/Earnings ratio, FCPT is valued a bit cheaper than 75.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.92, FCPT is valued at the same level.
FCPT is valuated rather expensively with a Price/Forward Earnings ratio of 20.70.
FCPT's Price/Forward Earnings ratio is rather cheap when compared to the industry. FCPT is cheaper than 82.14% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.49. FCPT is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.7 | ||
| Fwd PE | 20.7 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as FCPT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.33 |
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.
PEG (NY)4.49
PEG (5Y)N/A
EPS Next 2Y3.46%
EPS Next 3Y1.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.88%, FCPT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.96, 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 | 5.88% |
5.2 History
The dividend of FCPT has a limited annual growth rate of 4.71%.
FCPT has been paying a dividend for over 5 years, so it has already some track record.
FCPT has decreased its dividend recently.
Dividend Growth(5Y)4.71%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FCPT pays out 125.57% of its income as dividend. This is not a sustainable payout ratio.
The dividend of FCPT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP125.57%
EPS Next 2Y3.46%
EPS Next 3Y1.89%
FOUR CORNERS PROPERTY TRUST
NYSE:FCPT (4/26/2024, 7:04:00 PM)
After market: 23.44 0 (0%)23.44
-0.04 (-0.17%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.16B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.88% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.7 | ||
| Fwd PE | 20.7 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)4.49
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.89% | ||
| ROE | 7.58% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 54.64% | ||
| PM (TTM) | 38.04% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-4.42%
EPS 3Y0.31%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.83%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.28%
Revenue growth 3Y13.61%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y