FRANKLIN STREET PROPERTIES C (FSP)

US35471R1068 - REIT

2.345  -0.03 (-1.47%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to FSP. FSP was compared to 128 industry peers in the Diversified REITs industry. The financial health of FSP is average, but there are quite some concerns on its profitability. 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.
In the past year FSP had a positive cash flow from operations.
Each year in the past 5 years FSP has been profitable.
FSP had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

The Return On Assets of FSP (-4.74%) is worse than 91.13% of its industry peers.
Looking at the Return On Equity, with a value of -7.67%, FSP is doing worse than 86.29% of the companies in the same industry.
Industry RankSector Rank
ROA -4.74%
ROE -7.67%
ROIC N/A
ROA(3y)2.9%
ROA(5y)1.95%
ROE(3y)5.41%
ROE(5y)3.72%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

FSP's Profit Margin has declined in the last couple of years.
In the last couple of years the Operating Margin of FSP has declined.
Looking at the Gross Margin, with a value of 46.72%, FSP is doing worse than 83.87% of the companies in the same industry.
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 RankSector Rank
OM N/A
PM (TTM) N/A
GM 46.72%
OM growth 3Y-73.79%
OM growth 5Y-54.53%
PM growth 3Y-35.01%
PM growth 5YN/A
GM growth 3Y-5.16%
GM growth 5Y-3.72%

4

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 less shares outstanding than it did 1 year ago.
Compared to 5 years ago, FSP has less shares outstanding
Compared to 1 year ago, FSP has an improved debt to assets ratio.

2.2 Solvency

FSP has an Altman-Z score of -0.27. This is a bad value and indicates that FSP is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of FSP (-0.27) is worse than 87.90% of its industry peers.
FSP has a Debt/Equity ratio of 0.55. This is a neutral value indicating FSP is somewhat dependend on debt financing.
FSP has a better Debt to Equity ratio (0.55) than 86.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.55
Debt/FCF N/A
Altman-Z -0.27
ROIC/WACCN/A
WACC7.07%

2.3 Liquidity

FSP has a Current Ratio of 1.40. This is a normal value and indicates that FSP is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.40, FSP perfoms like the industry average, outperforming 56.45% of the companies in the same industry.
FSP has a Quick Ratio of 1.40. This is a normal value and indicates that FSP is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of FSP (1.40) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.4
Quick Ratio 1.4

2

3. Growth

3.1 Past

FSP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -194.64%.
The earnings per share for FSP have been decreasing by -44.02% on average. This is quite bad
The Revenue has decreased by -9.32% in the past year.
FSP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -9.49% yearly.
EPS 1Y (TTM)-194.64%
EPS 3Y-44.02%
EPS 5YN/A
EPS growth Q2Q-633.33%
Revenue 1Y (TTM)-9.32%
Revenue growth 3Y-14.94%
Revenue growth 5Y-9.49%
Revenue growth Q2Q-9.63%

3.2 Future

Based on estimates for the next years, FSP will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.34% on average per year.
FSP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.53% yearly.
EPS Next Y-74.45%
EPS Next 2Y20.38%
EPS Next 3Y14.34%
EPS Next 5YN/A
Revenue Next Year-10.29%
Revenue Next 2Y-11.49%
Revenue Next 3Y-7.53%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

1

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 RankSector Rank
PE N/A
Fwd PE N/A

4.2 Price Multiples

85.48% of the companies in the same industry are more expensive than FSP, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.51

4.3 Compensation for Growth

FSP's earnings are expected to grow with 14.34% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.38%
EPS Next 3Y14.34%

2

5. Dividend

5.1 Amount

FSP has a Yearly Dividend Yield of 1.68%.
With a Dividend Yield of 1.68, FSP pays less dividend than the industry average, which is at 5.87. 83.06% of the companies listed in the same industry pay a better dividend than FSP!
Compared to the average S&P500 Dividend Yield of 2.48, FSP is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.68%

5.2 History

The dividend of FSP decreases each year by -7.57%.
FSP has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-7.57%
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-7.57%
EPS Next 2Y20.38%
EPS Next 3Y14.34%

FRANKLIN STREET PROPERTIES C

NYSEARCA:FSP (2/22/2024, 1:41:12 PM)

2.345

-0.03 (-1.47%)

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 Cap242.54M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 1.68%
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 -4.74%
ROE -7.67%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) N/A
GM 46.72%
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 RankSector Rank
Debt/Equity 0.55
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.4
Quick Ratio 1.4
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)-194.64%
EPS 3Y-44.02%
EPS 5Y
EPS growth Q2Q
EPS Next Y-74.45%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-9.32%
Revenue growth 3Y-14.94%
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