FOUR CORNERS PROPERTY TRUST (FCPT) Stock Fundamental Analysis
NYSE:FCPT - US35086T1097 - REIT
26.01 USD
+0.23 (+0.89%)
26.01 USD
0 (0%)
Overall FCPT gets a fundamental rating of 4 out of 10. We evaluated FCPT against 29 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
FCPT had positive earnings in the past year.
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
With a decent Return On Assets value of 3.83%, FCPT is doing good in the industry, outperforming 72.41% of the companies in the same industry.
With a decent Return On Equity value of 7.15%, FCPT is doing good in the industry, outperforming 68.97% of the companies in the same industry.
The Return On Invested Capital of FCPT (4.57%) is better than 62.07% of its industry peers.
FCPT had an Average Return On Invested Capital over the past 3 years of 4.58%. This 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
FCPT has a better Profit Margin (37.87%) than 86.21% of its industry peers.
In the last couple of years the Profit Margin of FCPT has declined.
With an excellent Operating Margin value of 55.71%, FCPT belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
FCPT's Operating Margin has declined in the last couple of years.
| 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.
Compared to 5 years ago, FCPT has more shares outstanding
Compared to 1 year ago, FCPT has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.48, we must say that FCPT is in the distress zone and has some risk of bankruptcy.
FCPT's Altman-Z score of 1.48 is fine compared to the rest of the industry. FCPT outperforms 72.41% of its industry peers.
FCPT has a Debt/Equity ratio of 0.81. This is a neutral value indicating FCPT is somewhat dependend on debt financing.
The Debt to Equity ratio of FCPT (0.81) is better than 75.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.48 |
ROIC/WACC0.59
WACC7.78%
2.3 Liquidity
FCPT has a Current Ratio of 0.17. 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's Current ratio of 0.17 is on the low side compared to the rest of the industry. FCPT is outperformed by 89.66% of its industry peers.
A Quick Ratio of 0.17 indicates that FCPT may have some problems paying its short term obligations.
FCPT's Quick ratio of 0.17 is on the low side compared to the rest of the industry. FCPT is outperformed by 89.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.93% over the past year.
The Earnings Per Share has been growing slightly by 0.19% on average over the past years.
Looking at the last year, FCPT shows a small growth in Revenue. The Revenue has grown by 6.28% in the last year.
The Revenue has been growing by 10.85% on average over the past years. This is quite good.
EPS 1Y (TTM)0.93%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
Revenue 1Y (TTM)6.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%9.57%
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 4.73% on average per year.
FCPT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.52% yearly.
EPS Next Y6.19%
EPS Next 2Y9.89%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue Next Year12.42%
Revenue Next 2Y9.84%
Revenue Next 3Y9.52%
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.
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
With a Price/Earnings ratio of 24.08, FCPT is valued on the expensive side.
Based on the Price/Earnings ratio, FCPT is valued cheaper than 82.76% of the companies in the same industry.
FCPT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.03.
A Price/Forward Earnings ratio of 20.13 indicates a rather expensive valuation of FCPT.
82.76% of the companies in the same industry are more expensive than FCPT, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FCPT to the average of the S&P500 Index (22.63), we can say FCPT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.08 | ||
| Fwd PE | 20.13 |
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 62.07% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.31 |
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)3.89
PEG (5Y)128.12
EPS Next 2Y9.89%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.54%, FCPT is a good candidate for dividend investing.
FCPT's Dividend Yield is a higher than the industry average which is at 5.84.
Compared to an average S&P500 Dividend Yield of 2.32, FCPT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
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
FCPT pays out 128.20% 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.
DP128.2%
EPS Next 2Y9.89%
EPS Next 3Y4.73%
26.01
+0.23 (+0.89%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners103.53%
Inst Owner Change-0.23%
Ins Owners1.2%
Ins Owner Change2.18%
Market Cap2.72B
Analysts76
Price Target30.02 (15.42%)
Short Float %4.02%
Short Ratio6.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
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)-1.44%
PT rev (3m)-3.29%
EPS NQ rev (1m)0.7%
EPS NQ rev (3m)0.35%
EPS NY rev (1m)0.18%
EPS NY rev (3m)0.36%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)0.58%
Revenue NY rev (1m)1.68%
Revenue NY rev (3m)1.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.08 | ||
| Fwd PE | 20.13 | ||
| P/S | 9.72 | ||
| P/FCF | N/A | ||
| P/OCF | 15.79 | ||
| P/B | 1.83 | ||
| P/tB | 2 | ||
| EV/EBITDA | 18.31 |
EPS(TTM)1.08
EY4.15%
EPS(NY)1.29
Fwd EY4.97%
FCF(TTM)-1.74
FCFYN/A
OCF(TTM)1.65
OCFY6.34%
SpS2.68
BVpS14.18
TBVpS13.01
PEG (NY)3.89
PEG (5Y)128.12
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%
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 | 0.81 | ||
| 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 | 1.48 |
F-Score5
WACC7.78%
ROIC/WACC0.59
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)0.93%
EPS 3Y-0.92%
EPS 5Y0.19%
EPS Q2Q%3.7%
EPS Next Y6.19%
EPS Next 2Y9.89%
EPS Next 3Y4.73%
EPS Next 5YN/A
Revenue 1Y (TTM)6.28%
Revenue growth 3Y10.37%
Revenue growth 5Y10.85%
Sales Q2Q%9.57%
Revenue Next Year12.42%
Revenue Next 2Y9.84%
Revenue Next 3Y9.52%
Revenue Next 5YN/A
EBIT growth 1Y7.09%
EBIT growth 3Y8.34%
EBIT growth 5Y8.59%
EBIT Next Year50.79%
EBIT Next 3Y22.35%
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%