FEDERAL REALTY INVS TRUST (FRT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FRT - US3137451015 - REIT
100.8 USD
-1.01 (-0.99%)
101.138 USD
+0.34 (+0.34%)
FRT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 127 industry peers in the Diversified REITs industry. FRT scores excellent on profitability, but there are concerns on its financial health. While showing a medium growth rate, FRT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
FRT had positive earnings in the past year.
In the past year FRT had a positive cash flow from operations.
FRT had positive earnings in each of the past 5 years.
FRT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FRT (3.81%) is better than 81.10% of its industry peers.
With an excellent Return On Equity value of 10.50%, FRT belongs to the best of the industry, outperforming 87.40% of the companies in the same industry.
The Return On Invested Capital of FRT (4.10%) is better than 78.74% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FRT is in line with the industry average of 3.06%.
The 3 year average ROIC (3.87%) for FRT is below the current ROIC(4.10%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.81% | ||
| ROE | 10.5% | ||
| ROIC | 4.1% |
ROA(3y)3.54%
ROA(5y)3.11%
ROE(3y)9.81%
ROE(5y)8.84%
ROIC(3y)3.87%
ROIC(5y)3.53%
1.3 Margins
The Profit Margin of FRT (26.90%) is better than 77.95% of its industry peers.
In the last couple of years the Profit Margin of FRT has declined.
With a decent Operating Margin value of 34.86%, FRT is doing good in the industry, outperforming 71.65% of the companies in the same industry.
In the last couple of years the Operating Margin of FRT has declined.
FRT's Gross Margin of 67.29% is in line compared to the rest of the industry. FRT outperforms 51.97% of its industry peers.
FRT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.86% | ||
| PM (TTM) | 26.9% | ||
| GM | 67.29% |
OM growth 3Y2.79%
OM growth 5Y-1.69%
PM growth 3Y-3.57%
PM growth 5Y-8.39%
GM growth 3Y0.35%
GM growth 5Y-0.19%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FRT is destroying value.
The number of shares outstanding for FRT has been increased compared to 1 year ago.
The number of shares outstanding for FRT has been increased compared to 5 years ago.
Compared to 1 year ago, FRT has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.06, we must say that FRT is in the distress zone and has some risk of bankruptcy.
FRT's Altman-Z score of 1.06 is amongst the best of the industry. FRT outperforms 80.31% of its industry peers.
FRT has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.47, FRT perfoms like the industry average, outperforming 42.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.06 |
ROIC/WACC0.6
WACC6.8%
2.3 Liquidity
FRT has a Current Ratio of 1.57. This is a normal value and indicates that FRT is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.57, FRT is doing good in the industry, outperforming 72.44% of the companies in the same industry.
A Quick Ratio of 1.57 indicates that FRT should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.57, FRT is in the better half of the industry, outperforming 73.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.57 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 40.21% over the past year.
FRT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.41% yearly.
Looking at the last year, FRT shows a small growth in Revenue. The Revenue has grown by 6.05% in the last year.
FRT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.14% yearly.
EPS 1Y (TTM)40.21%
EPS 3Y-3.13%
EPS 5Y-9.41%
EPS Q2Q%-1.43%
Revenue 1Y (TTM)6.05%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%3.15%
3.2 Future
FRT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.15% yearly.
The Revenue is expected to grow by 5.20% on average over the next years.
EPS Next Y39.46%
EPS Next 2Y5.19%
EPS Next 3Y5.32%
EPS Next 5Y7.15%
Revenue Next Year5.04%
Revenue Next 2Y5.15%
Revenue Next 3Y4.43%
Revenue Next 5Y5.2%
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
The Price/Earnings ratio is 25.58, which means the current valuation is very expensive for FRT.
Compared to the rest of the industry, the Price/Earnings ratio of FRT indicates a somewhat cheap valuation: FRT is cheaper than 70.87% of the companies listed in the same industry.
FRT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.51.
FRT is valuated quite expensively with a Price/Forward Earnings ratio of 32.53.
Based on the Price/Forward Earnings ratio, FRT is valued a bit cheaper than 72.44% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, FRT is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.58 | ||
| Fwd PE | 32.53 |
4.2 Price Multiples
63.78% of the companies in the same industry are cheaper than FRT, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.76 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of FRT may justify a higher PE ratio.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y5.19%
EPS Next 3Y5.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.42%, FRT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.43, FRT has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, FRT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.42% |
5.2 History
The dividend of FRT has a limited annual growth rate of 1.04%.
FRT has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of FRT decreased recently.
Dividend Growth(5Y)1.04%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FRT pays out 113.83% of its income as dividend. This is not a sustainable payout ratio.
FRT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP113.83%
EPS Next 2Y5.19%
EPS Next 3Y5.32%
100.8
-1.01 (-0.99%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.61%
Inst Owner Change1.5%
Ins Owners1%
Ins Owner Change-0.57%
Market Cap8.70B
Revenue(TTM)1.25B
Net Income(TTM)337.38M
Analysts75.65
Price Target112.34 (11.45%)
Short Float %2.55%
Short Ratio3.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.42% |
Yearly Dividend4.41
Dividend Growth(5Y)1.04%
DP113.83%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)62.7%
Min EPS beat(2)-13.16%
Max EPS beat(2)138.56%
EPS beat(4)3
Avg EPS beat(4)32.29%
Min EPS beat(4)-13.16%
Max EPS beat(4)138.56%
EPS beat(8)4
Avg EPS beat(8)16.47%
EPS beat(12)7
Avg EPS beat(12)22.23%
EPS beat(16)11
Avg EPS beat(16)43.27%
Revenue beat(2)0
Avg Revenue beat(2)-1.01%
Min Revenue beat(2)-1.57%
Max Revenue beat(2)-0.45%
Revenue beat(4)0
Avg Revenue beat(4)-0.76%
Min Revenue beat(4)-1.57%
Max Revenue beat(4)-0.1%
Revenue beat(8)1
Avg Revenue beat(8)-0.63%
Revenue beat(12)3
Avg Revenue beat(12)-0.54%
Revenue beat(16)7
Avg Revenue beat(16)0.29%
PT rev (1m)1.38%
PT rev (3m)1.68%
EPS NQ rev (1m)-1.22%
EPS NQ rev (3m)-4.46%
EPS NY rev (1m)3.44%
EPS NY rev (3m)9.45%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)0.12%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.58 | ||
| Fwd PE | 32.53 | ||
| P/S | 6.93 | ||
| P/FCF | N/A | ||
| P/OCF | 14.56 | ||
| P/B | 2.71 | ||
| P/tB | 2.71 | ||
| EV/EBITDA | 16.76 |
EPS(TTM)3.94
EY3.91%
EPS(NY)3.1
Fwd EY3.07%
FCF(TTM)-0.75
FCFYN/A
OCF(TTM)6.92
OCFY6.87%
SpS14.54
BVpS37.26
TBVpS37.26
PEG (NY)0.65
PEG (5Y)N/A
Graham Number57.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.81% | ||
| ROE | 10.5% | ||
| ROCE | 5.18% | ||
| ROIC | 4.1% | ||
| ROICexc | 4.15% | ||
| ROICexgc | 4.15% | ||
| OM | 34.86% | ||
| PM (TTM) | 26.9% | ||
| GM | 67.29% | ||
| FCFM | N/A |
ROA(3y)3.54%
ROA(5y)3.11%
ROE(3y)9.81%
ROE(5y)8.84%
ROIC(3y)3.87%
ROIC(5y)3.53%
ROICexc(3y)3.94%
ROICexc(5y)3.66%
ROICexgc(3y)3.95%
ROICexgc(5y)3.67%
ROCE(3y)4.89%
ROCE(5y)4.47%
ROICexgc growth 3Y6.41%
ROICexgc growth 5Y-1.68%
ROICexc growth 3Y6.44%
ROICexc growth 5Y-1.7%
OM growth 3Y2.79%
OM growth 5Y-1.69%
PM growth 3Y-3.57%
PM growth 5Y-8.39%
GM growth 3Y0.35%
GM growth 5Y-0.19%
F-Score6
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.96 | ||
| Cap/Depr | 185.12% | ||
| Cap/Sales | 52.77% | ||
| Interest Coverage | 2.62 | ||
| Cash Conversion | 75.13% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.57 | ||
| Altman-Z | 1.06 |
F-Score6
WACC6.8%
ROIC/WACC0.6
Cap/Depr(3y)183.44%
Cap/Depr(5y)207.83%
Cap/Sales(3y)51.91%
Cap/Sales(5y)60.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)40.21%
EPS 3Y-3.13%
EPS 5Y-9.41%
EPS Q2Q%-1.43%
EPS Next Y39.46%
EPS Next 2Y5.19%
EPS Next 3Y5.32%
EPS Next 5Y7.15%
Revenue 1Y (TTM)6.05%
Revenue growth 3Y8.13%
Revenue growth 5Y5.14%
Sales Q2Q%3.15%
Revenue Next Year5.04%
Revenue Next 2Y5.15%
Revenue Next 3Y4.43%
Revenue Next 5Y5.2%
EBIT growth 1Y6.3%
EBIT growth 3Y11.14%
EBIT growth 5Y3.37%
EBIT Next Year89.62%
EBIT Next 3Y27.88%
EBIT Next 5Y18.35%
FCF growth 1Y-156.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.43%
OCF growth 3Y6.82%
OCF growth 5Y4.46%
FEDERAL REALTY INVS TRUST / FRT FAQ
What is the ChartMill fundamental rating of FEDERAL REALTY INVS TRUST (FRT) stock?
ChartMill assigns a fundamental rating of 5 / 10 to FRT.
What is the valuation status of FEDERAL REALTY INVS TRUST (FRT) stock?
ChartMill assigns a valuation rating of 3 / 10 to FEDERAL REALTY INVS TRUST (FRT). This can be considered as Overvalued.
How profitable is FEDERAL REALTY INVS TRUST (FRT) stock?
FEDERAL REALTY INVS TRUST (FRT) has a profitability rating of 7 / 10.
How financially healthy is FEDERAL REALTY INVS TRUST?
The financial health rating of FEDERAL REALTY INVS TRUST (FRT) is 3 / 10.
Can you provide the expected EPS growth for FRT stock?
The Earnings per Share (EPS) of FEDERAL REALTY INVS TRUST (FRT) is expected to grow by 39.46% in the next year.