FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) Fundamental Analysis & Valuation

TSX:FCR-UN • CA31890B1031

Current stock price

21.52 CAD
+0.46 (+2.18%)
Last:

This FCR-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. FCR-UN.CA Profitability Analysis

1.1 Basic Checks

  • FCR-UN had positive earnings in the past year.
  • In the past year FCR-UN had a positive cash flow from operations.
  • In multiple years FCR-UN reported negative net income over the last 5 years.
  • Each year in the past 5 years FCR-UN had a positive operating cash flow.
FCR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFFCR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

1.2 Ratios

  • FCR-UN has a Return On Assets of 11.53%. This is amongst the best in the industry. FCR-UN outperforms 100.00% of its industry peers.
  • FCR-UN has a better Return On Equity (22.08%) than 100.00% of its industry peers.
  • FCR-UN's Return On Invested Capital of 3.36% is on the low side compared to the rest of the industry. FCR-UN is outperformed by 69.70% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FCR-UN is below the industry average of 5.67%.
Industry RankSector Rank
ROA 11.53%
ROE 22.08%
ROIC 3.36%
ROA(3y)4.1%
ROA(5y)3.04%
ROE(3y)7.96%
ROE(5y)6.02%
ROIC(3y)3.36%
ROIC(5y)3.21%
FCR-UN.CA Yearly ROA, ROE, ROICFCR-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 145.51%, FCR-UN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • FCR-UN's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 55.21%, FCR-UN is doing good in the industry, outperforming 60.61% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FCR-UN has remained more or less at the same level.
  • The Gross Margin of FCR-UN (62.55%) is comparable to the rest of the industry.
  • FCR-UN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 55.21%
PM (TTM) 145.51%
GM 62.55%
OM growth 3Y0%
OM growth 5Y1.24%
PM growth 3YN/A
PM growth 5Y225.01%
GM growth 3Y0.98%
GM growth 5Y1.51%
FCR-UN.CA Yearly Profit, Operating, Gross MarginsFCR-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 100

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. FCR-UN.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FCR-UN is destroying value.
  • The number of shares outstanding for FCR-UN remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, FCR-UN has less shares outstanding
  • FCR-UN has a better debt/assets ratio than last year.
FCR-UN.CA Yearly Shares OutstandingFCR-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
FCR-UN.CA Yearly Total Debt VS Total AssetsFCR-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • FCR-UN has an Altman-Z score of 1.14. This is a bad value and indicates that FCR-UN is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of FCR-UN (1.14) is better than 84.85% of its industry peers.
  • The Debt to FCF ratio of FCR-UN is 19.55, which is on the high side as it means it would take FCR-UN, 19.55 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 19.55, FCR-UN is not doing good in the industry: 69.70% of the companies in the same industry are doing better.
  • FCR-UN has a Debt/Equity ratio of 0.77. This is a neutral value indicating FCR-UN is somewhat dependend on debt financing.
  • FCR-UN has a better Debt to Equity ratio (0.77) than 78.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF 19.56
Altman-Z 1.14
ROIC/WACC0.61
WACC5.52%
FCR-UN.CA Yearly LT Debt VS Equity VS FCFFCR-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.97 indicates that FCR-UN may have some problems paying its short term obligations.
  • FCR-UN has a Current ratio of 0.97. This is amongst the best in the industry. FCR-UN outperforms 90.91% of its industry peers.
  • FCR-UN has a Quick Ratio of 0.97. This is a bad value and indicates that FCR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • FCR-UN's Quick ratio of 0.47 is amongst the best of the industry. FCR-UN outperforms 87.88% of its industry peers.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.47
FCR-UN.CA Yearly Current Assets VS Current LiabilitesFCR-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. FCR-UN.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 416.18% over the past year.
  • Measured over the past years, FCR-UN shows a very strong growth in Earnings Per Share. The EPS has been growing by 245.95% on average per year.
  • Looking at the last year, FCR-UN shows a small growth in Revenue. The Revenue has grown by 2.48% in the last year.
  • The Revenue has been growing slightly by 1.68% on average over the past years.
EPS 1Y (TTM)416.18%
EPS 3YN/A
EPS 5Y245.95%
EPS Q2Q%2535.67%
Revenue 1Y (TTM)2.48%
Revenue growth 3Y1.8%
Revenue growth 5Y1.68%
Sales Q2Q%2.77%

3.2 Future

  • Based on estimates for the next years, FCR-UN will show a small growth in Earnings Per Share. The EPS will grow by 2.28% on average per year.
  • Based on estimates for the next years, FCR-UN will show a small growth in Revenue. The Revenue will grow by 1.94% on average per year.
EPS Next Y0%
EPS Next 2Y2.28%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.58%
Revenue Next 2Y1.94%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
FCR-UN.CA Yearly Revenue VS EstimatesFCR-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
FCR-UN.CA Yearly EPS VS EstimatesFCR-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 2

More info and screens

Find the best growth stocksShow best growing peers

5

4. FCR-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 4.35 indicates a rather cheap valuation of FCR-UN.
  • FCR-UN's Price/Earnings ratio is rather cheap when compared to the industry. FCR-UN is cheaper than 100.00% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.78. FCR-UN is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 16.39, which indicates a correct valuation of FCR-UN.
  • The rest of the industry has a similar Price/Forward Earnings ratio as FCR-UN.
  • FCR-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.54, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 4.35
Fwd PE 16.39
FCR-UN.CA Price Earnings VS Forward Price EarningsFCR-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 66.67% of the companies in the same industry are more expensive than FCR-UN, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, FCR-UN is valued a bit more expensive than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.12
EV/EBITDA 20.81
FCR-UN.CA Per share dataFCR-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • FCR-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.02
EPS Next 2Y2.28%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. FCR-UN.CA Dividend Analysis

5.1 Amount

  • FCR-UN has a Yearly Dividend Yield of 5.67%, which is a nice return.
  • FCR-UN's Dividend Yield is comparable with the industry average which is at 6.41.
  • FCR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 5.67%

5.2 History

  • The dividend of FCR-UN has a limited annual growth rate of 0.64%.
  • FCR-UN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.64%
Div Incr Years0
Div Non Decr Years0
FCR-UN.CA Yearly Dividends per shareFCR-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 17.72% of the earnings are spent on dividend by FCR-UN. This is a low number and sustainable payout ratio.
  • FCR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP17.72%
EPS Next 2Y2.28%
EPS Next 3YN/A
FCR-UN.CA Yearly Income VS Free CF VS DividendFCR-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B
FCR-UN.CA Dividend Payout.FCR-UN.CA Dividend Payout, showing the Payout Ratio.FCR-UN.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

FCR-UN.CA Fundamentals: All Metrics, Ratios and Statistics

FIRST CAPITAL REAL ESTATE IN

TSX:FCR-UN (4/10/2026, 7:00:00 PM)

21.52

+0.46 (+2.18%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10
Earnings (Next)05-04
Inst Owners48.71%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap4.57B
Revenue(TTM)731.24M
Net Income(TTM)1.06B
Analysts74.29
Price Target22.95 (6.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.67%
Yearly Dividend0.89
Dividend Growth(5Y)0.64%
DP17.72%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.9%
PT rev (3m)4.53%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.91%
Valuation
Industry RankSector Rank
PE 4.35
Fwd PE 16.39
P/S 6.25
P/FCF 22.12
P/OCF 22.12
P/B 0.95
P/tB 0.95
EV/EBITDA 20.81
EPS(TTM)4.95
EY23%
EPS(NY)1.31
Fwd EY6.1%
FCF(TTM)0.97
FCFY4.52%
OCF(TTM)0.97
OCFY4.52%
SpS3.44
BVpS22.68
TBVpS22.68
PEG (NY)N/A
PEG (5Y)0.02
Graham Number50.26
Profitability
Industry RankSector Rank
ROA 11.53%
ROE 22.08%
ROCE 4.66%
ROIC 3.36%
ROICexc 3.38%
ROICexgc 3.38%
OM 55.21%
PM (TTM) 145.51%
GM 62.55%
FCFM 28.27%
ROA(3y)4.1%
ROA(5y)3.04%
ROE(3y)7.96%
ROE(5y)6.02%
ROIC(3y)3.36%
ROIC(5y)3.21%
ROICexc(3y)3.37%
ROICexc(5y)3.22%
ROICexgc(3y)3.37%
ROICexgc(5y)3.22%
ROCE(3y)4.66%
ROCE(5y)4.45%
ROICexgc growth 3Y2.38%
ROICexgc growth 5Y4.73%
ROICexc growth 3Y2.38%
ROICexc growth 5Y4.73%
OM growth 3Y0%
OM growth 5Y1.24%
PM growth 3YN/A
PM growth 5Y225.01%
GM growth 3Y0.98%
GM growth 5Y1.51%
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF 19.56
Debt/EBITDA 9.09
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.54
Cash Conversion 50.88%
Profit Quality 19.43%
Current Ratio 0.97
Quick Ratio 0.47
Altman-Z 1.14
F-Score6
WACC5.52%
ROIC/WACC0.61
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)416.18%
EPS 3YN/A
EPS 5Y245.95%
EPS Q2Q%2535.67%
EPS Next Y0%
EPS Next 2Y2.28%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.48%
Revenue growth 3Y1.8%
Revenue growth 5Y1.68%
Sales Q2Q%2.77%
Revenue Next Year1.58%
Revenue Next 2Y1.94%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1.15%
EBIT growth 3Y1.8%
EBIT growth 5Y2.94%
EBIT Next Year9.36%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-11.58%
FCF growth 3Y-6.29%
FCF growth 5Y-1.19%
OCF growth 1Y-11.58%
OCF growth 3Y-6.29%
OCF growth 5Y-1.19%

FIRST CAPITAL REAL ESTATE IN / FCR-UN.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FIRST CAPITAL REAL ESTATE IN?

ChartMill assigns a fundamental rating of 5 / 10 to FCR-UN.CA.


What is the valuation status of FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA). This can be considered as Fairly Valued.


What is the profitability of FCR-UN stock?

FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) has a profitability rating of 6 / 10.


Can you provide the financial health for FCR-UN stock?

The financial health rating of FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) is 4 / 10.


How sustainable is the dividend of FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) stock?

The dividend rating of FIRST CAPITAL REAL ESTATE IN (FCR-UN.CA) is 7 / 10 and the dividend payout ratio is 17.72%.