FRANKLIN STREET PROPERTIES C (FSP)
US35471R1068 - REIT
FSP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 127 industry peers in the Diversified REITs industry. While FSP seems to be doing ok healthwise, there are quite some concerns on its profitability. 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.
FSP had positive earnings in 4 of the past 5 years.
In the past 5 years FSP always reported a positive cash flow from operatings.
1.2 Ratios
FSP's Return On Assets of -5.59% is on the low side compared to the rest of the industry. FSP is outperformed by 92.00% of its industry peers.
Looking at the Return On Equity, with a value of -8.25%, FSP is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.59% | ||
| ROE | -8.25% | ||
| 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
With a Gross Margin value of 45.95%, FSP is not doing good in the industry: 83.20% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of FSP has declined.
The Profit Margin and Operating Margin are not available for FSP so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 45.95% |
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%
2. Health
2.1 Basic Checks
FSP does not have a ROIC to compare to the WACC, probably because it is not profitable.
FSP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FSP has less shares outstanding
FSP has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.35, we must say that FSP is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.35, FSP is not doing good in the industry: 89.60% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.42 indicates that FSP is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.42, FSP belongs to the top of the industry, outperforming 93.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.35 |
ROIC/WACCN/A
WACC7.87%
2.3 Liquidity
A Current Ratio of 2.10 indicates that FSP has no problem at all paying its short term obligations.
FSP's Current ratio of 2.10 is fine compared to the rest of the industry. FSP outperforms 72.00% of its industry peers.
FSP has a Quick Ratio of 2.10. This indicates that FSP is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.10, FSP is doing good in the industry, outperforming 72.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.1 |
3. Growth
3.1 Past
FSP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -250.00%.
Looking at the last year, FSP shows a very negative growth in Revenue. The Revenue has decreased by -13.63% 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)-250%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-450%
Revenue 1Y (TTM)-13.63%
Revenue growth 3Y-16%
Revenue growth 5Y-11.53%
Sales Q2Q%-17.32%
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 8.88% yearly.
The Revenue is expected to decrease by -4.81% on average over the next years.
EPS Next Y33.38%
EPS Next 2Y13.62%
EPS Next 3Y8.88%
EPS Next 5YN/A
Revenue Next Year-14.46%
Revenue Next 2Y-7.5%
Revenue Next 3Y-4.81%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for FSP. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FSP. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSP is valued cheaply inside the industry as 94.40% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.48 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y13.62%
EPS Next 3Y8.88%
5. Dividend
5.1 Amount
FSP has a Yearly Dividend Yield of 2.44%.
Compared to an average industry Dividend Yield of 5.52, FSP's dividend is way lower than its industry peers. On top of this 81.60% of the companies listed in the same industry pay a better dividend than FSP!
FSP's Dividend Yield is comparable with the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
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
The earnings of FSP are negative and hence is the payout ratio. FSP will probably not be able to sustain this dividend level.
DP-7.12%
EPS Next 2Y13.62%
EPS Next 3Y8.88%
FRANKLIN STREET PROPERTIES C
NYSEARCA:FSP (7/26/2024, 7:04:00 PM)
After market: 1.81 0 (0%)1.81
+0.07 (+4.02%)
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 Cap187.21M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
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 Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.59% | ||
| ROE | -8.25% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 45.95% | ||
| 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 Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.1 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-250%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y33.38%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-13.63%
Revenue growth 3Y-16%
Revenue growth 5Y
Sales 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