FRANKLIN STREET PROPERTIES C (FSP) Stock Fundamental Analysis
USA - NYSEARCA:FSP - US35471R1068 - REIT
1.2 USD
-0.01 (-0.83%)
1.2 USD
0 (0%)
Taking everything into account, FSP scores 3 out of 10 in our fundamental rating. FSP was compared to 127 industry peers in the Diversified REITs industry. FSP scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FSP does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year FSP has reported negative net income.
In the past year FSP had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: FSP reported negative net income in multiple years.
In the past 5 years FSP always reported a positive cash flow from operatings.
1.2 Ratios
FSP has a Return On Assets of -5.92%. This is amonst the worse of the industry: FSP underperforms 82.68% of its industry peers.
FSP has a worse Return On Equity (-8.56%) than 72.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.92% | ||
| ROE | -8.56% | ||
| ROIC | N/A |
ROA(3y)-3.2%
ROA(5y)-0.2%
ROE(3y)-4.88%
ROE(5y)0.29%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Gross Margin of FSP (42.43%) is worse than 81.10% of its industry peers.
FSP's Gross Margin has declined in the last couple of years.
FSP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 42.43% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.29%
GM growth 5Y-4.66%
2. Health
2.1 Basic Checks
FSP does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FSP remains at a similar level compared to 1 year ago.
Compared to 5 years ago, FSP has less shares outstanding
FSP has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.69, we must say that FSP is in the distress zone and has some risk of bankruptcy.
FSP's Altman-Z score of -0.69 is on the low side compared to the rest of the industry. FSP is outperformed by 88.98% of its industry peers.
FSP has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of FSP (0.40) is better than 93.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.69 |
ROIC/WACCN/A
WACC7.83%
2.3 Liquidity
A Current Ratio of 2.24 indicates that FSP has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.24, FSP belongs to the best of the industry, outperforming 83.46% of the companies in the same industry.
A Quick Ratio of 2.24 indicates that FSP has no problem at all paying its short term obligations.
FSP has a better Quick ratio (2.24) than 83.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.24 | ||
| Quick Ratio | 2.24 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.26% over the past year.
Looking at the last year, FSP shows a very negative growth in Revenue. The Revenue has decreased by -17.57% in the last year.
FSP shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -14.90% yearly.
EPS 1Y (TTM)10.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%113.33%
Revenue 1Y (TTM)-17.57%
Revenue growth 3Y-16.91%
Revenue growth 5Y-14.9%
Sales Q2Q%-8.03%
3.2 Future
FSP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.71% yearly.
The Revenue is expected to grow by 0.41% on average over the next years.
EPS Next Y9.1%
EPS Next 2Y17.21%
EPS Next 3Y11.71%
EPS Next 5YN/A
Revenue Next Year0.02%
Revenue Next 2Y0.41%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
FSP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year FSP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
FSP's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FSP is cheaper than 90.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.18 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y17.21%
EPS Next 3Y11.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.15%, FSP has a reasonable but not impressive dividend return.
The stock price of FSP dropped by -24.84% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 6.29, FSP is paying slightly less dividend.
FSP's Dividend Yield is a higher than the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
5.2 History
The dividend of FSP decreases each year by -35.56%.
FSP has paid a dividend for at least 10 years, which is a reliable track record.
FSP has decreased its dividend recently.
Dividend Growth(5Y)-35.56%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
FSP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-7.75%
EPS Next 2Y17.21%
EPS Next 3Y11.71%
1.2
-0.01 (-0.83%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners66.65%
Inst Owner Change0%
Ins Owners18.05%
Ins Owner Change1.04%
Market Cap124.43M
Revenue(TTM)120.11M
Net Income(TTM)-53459000
Analysts45
Price Target2.04 (70%)
Short Float %0.94%
Short Ratio1.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
Yearly Dividend0.04
Dividend Growth(5Y)-35.56%
DP-7.75%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-79.46%
Min EPS beat(2)-159.9%
Max EPS beat(2)0.99%
EPS beat(4)1
Avg EPS beat(4)-129.99%
Min EPS beat(4)-197.03%
Max EPS beat(4)0.99%
EPS beat(8)1
Avg EPS beat(8)-180.26%
EPS beat(12)3
Avg EPS beat(12)-108.22%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-13.9%
Min Revenue beat(2)-14.64%
Max Revenue beat(2)-13.17%
Revenue beat(4)0
Avg Revenue beat(4)-10.29%
Min Revenue beat(4)-14.64%
Max Revenue beat(4)-4.48%
Revenue beat(8)2
Avg Revenue beat(8)-5.4%
Revenue beat(12)4
Avg Revenue beat(12)-3.06%
Revenue beat(16)7
Avg Revenue beat(16)-1.79%
PT rev (1m)0%
PT rev (3m)14.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-50%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.11 | ||
| P/FCF | N/A | ||
| P/OCF | 14.88 | ||
| P/B | 0.2 | ||
| P/tB | 0.2 | ||
| EV/EBITDA | 9.18 |
EPS(TTM)-0.35
EYN/A
EPS(NY)-0.31
Fwd EYN/A
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)0.08
OCFY6.72%
SpS1.08
BVpS6.02
TBVpS5.99
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.92% | ||
| ROE | -8.56% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 42.43% | ||
| FCFM | N/A |
ROA(3y)-3.2%
ROA(5y)-0.2%
ROE(3y)-4.88%
ROE(5y)0.29%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.29%
GM growth 5Y-4.66%
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.62 | ||
| Cap/Depr | 41.97% | ||
| Cap/Sales | 17.24% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 22.33% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.24 | ||
| Quick Ratio | 2.24 | ||
| Altman-Z | -0.69 |
F-Score4
WACC7.83%
ROIC/WACCN/A
Cap/Depr(3y)63.89%
Cap/Depr(5y)71.35%
Cap/Sales(3y)25.29%
Cap/Sales(5y)27.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%113.33%
EPS Next Y9.1%
EPS Next 2Y17.21%
EPS Next 3Y11.71%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.57%
Revenue growth 3Y-16.91%
Revenue growth 5Y-14.9%
Sales Q2Q%-8.03%
Revenue Next Year0.02%
Revenue Next 2Y0.41%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-416.97%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y57.73%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-67.76%
OCF growth 3Y-37.24%
OCF growth 5Y-35.72%
FRANKLIN STREET PROPERTIES C / FSP FAQ
What is the ChartMill fundamental rating of FRANKLIN STREET PROPERTIES C (FSP) stock?
ChartMill assigns a fundamental rating of 3 / 10 to FSP.
What is the valuation status for FSP stock?
ChartMill assigns a valuation rating of 1 / 10 to FRANKLIN STREET PROPERTIES C (FSP). This can be considered as Overvalued.
Can you provide the profitability details for FRANKLIN STREET PROPERTIES C?
FRANKLIN STREET PROPERTIES C (FSP) has a profitability rating of 1 / 10.
How financially healthy is FRANKLIN STREET PROPERTIES C?
The financial health rating of FRANKLIN STREET PROPERTIES C (FSP) is 5 / 10.
Can you provide the dividend sustainability for FSP stock?
The dividend rating of FRANKLIN STREET PROPERTIES C (FSP) is 3 / 10 and the dividend payout ratio is -7.75%.