FRANKLIN STREET PROPERTIES C (FSP)

US35471R1068 - REIT

2.27  +0.01 (+0.44%)

After market: 2.27 0 (0%)

Fundamental Rating

3

FSP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 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 is valued expensive and it does not seem to be growing.



2

1. Profitability

1.1 Basic Checks

FSP had negative earnings in the past year.
FSP had a positive operating cash flow in the past year.
FSP had positive earnings in 4 of the past 5 years.
FSP had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of -4.11%, FSP is doing worse than 87.10% of the companies in the same industry.
The Return On Equity of FSP (-6.75%) is worse than 81.45% of its industry peers.
Industry RankSector Rank
ROA -4.11%
ROE -6.75%
ROIC N/A
ROA(3y)0.92%
ROA(5y)0.99%
ROE(3y)1.74%
ROE(5y)2.06%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

FSP has a Gross Margin of 46.51%. This is amonst the worse of the industry: FSP underperforms 84.68% of its industry peers.
In the last couple of years the Gross Margin of FSP has declined.
FSP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 46.51%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.31%
GM growth 5Y-3.87%

5

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.
FSP has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FSP is higher compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of -0.19, we must say that FSP is in the distress zone and has some risk of bankruptcy.
FSP has a worse Altman-Z score (-0.19) than 83.06% of its industry peers.
FSP has a Debt/Equity ratio of 0.57. This is a neutral value indicating FSP is somewhat dependend on debt financing.
FSP has a Debt to Equity ratio of 0.57. This is amongst the best in the industry. FSP outperforms 84.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF N/A
Altman-Z -0.19
ROIC/WACCN/A
WACC8.13%

2.3 Liquidity

A Current Ratio of 3.31 indicates that FSP has no problem at all paying its short term obligations.
FSP has a better Current ratio (3.31) than 89.52% of its industry peers.
FSP has a Quick Ratio of 3.31. This indicates that FSP is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of FSP (3.31) is better than 89.52% of its industry peers.
Industry RankSector Rank
Current Ratio 3.31
Quick Ratio 3.31

2

3. Growth

3.1 Past

FSP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -113.64%.
Looking at the last year, FSP shows a very negative growth in Revenue. The Revenue has decreased by -12.02% in the last year.
FSP shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -11.53% yearly.
EPS 1Y (TTM)-113.64%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q200%
Revenue 1Y (TTM)-12.02%
Revenue growth 3Y-16%
Revenue growth 5Y-11.53%
Revenue growth Q2Q-15.63%

3.2 Future

FSP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.80% yearly.
Based on estimates for the next years, FSP will show a decrease in Revenue. The Revenue will decrease by -6.13% on average per year.
EPS Next Y74.21%
EPS Next 2Y32.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-12.67%
Revenue Next 2Y-6.13%
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.

2

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 RankSector Rank
PE N/A
Fwd PE N/A

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FSP is valued cheaper than 91.94% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.11

4.3 Compensation for Growth

FSP's earnings are expected to grow with 32.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.8%
EPS Next 3YN/A

2

5. Dividend

5.1 Amount

FSP has a Yearly Dividend Yield of 1.75%.
Compared to an average industry Dividend Yield of 5.72, FSP's dividend is way lower than its industry peers. On top of this 81.45% of the companies listed in the same industry pay a better dividend than FSP!
FSP's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
Industry RankSector Rank
Dividend Yield 1.75%

5.2 History

The dividend of FSP decreases each year by -38.64%.
FSP has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-38.64%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

FSP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-8.59%
EPS Next 2Y32.8%
EPS Next 3YN/A

FRANKLIN STREET PROPERTIES C

NYSEARCA:FSP (3/28/2024, 8:11:32 PM)

After market: 2.27 0 (0%)

2.27

+0.01 (+0.44%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap234.79M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 1.75%
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
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)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 RankSector Rank
PE N/A
Fwd PE N/A
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)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.11%
ROE -6.75%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) N/A
GM 46.51%
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 Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 3.31
Quick Ratio 3.31
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)-113.64%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y74.21%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-12.02%
Revenue growth 3Y-16%
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