STORE CAPITAL CORP (STOR)
US8621211007 - REIT
Overall STOR gets a fundamental rating of 4 out of 10. We evaluated STOR against 127 industry peers in the Diversified REITs industry. While STOR belongs to the best of the industry regarding profitability, there are concerns on its financial health. While showing a medium growth rate, STOR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year STOR was profitable.
STOR had a positive operating cash flow in the past year.
Each year in the past 5 years STOR has been profitable.
Each year in the past 5 years STOR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of STOR (3.05%) is better than 64.86% of its industry peers.
Looking at the Return On Equity, with a value of 6.00%, STOR is in line with its industry, outperforming 60.00% of the companies in the same industry.
STOR has a better Return On Invested Capital (3.88%) than 76.22% of its industry peers.
STOR had an Average Return On Invested Capital over the past 3 years of 3.62%. This is in line with the industry average of 2.97%.
The 3 year average ROIC (3.62%) for STOR is below the current ROIC(3.88%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 6% | ||
| ROIC | 3.88% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)3.62%
ROIC(5y)N/A
1.3 Margins
STOR has a better Profit Margin (36.21%) than 78.92% of its industry peers.
In the last couple of years the Profit Margin of STOR has remained more or less at the same level.
STOR has a better Operating Margin (56.56%) than 94.05% of its industry peers.
In the last couple of years the Operating Margin of STOR has declined.
STOR has a Gross Margin of 98.30%. This is amongst the best in the industry. STOR outperforms 98.38% of its industry peers.
STOR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.56% | ||
| PM (TTM) | 36.21% | ||
| GM | 98.3% |
OM growth 3Y-2.49%
OM growth 5Y-1.76%
PM growth 3Y-5.13%
PM growth 5Y0.94%
GM growth 3Y-0.52%
GM growth 5Y-0.26%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), STOR is destroying value.
The number of shares outstanding for STOR has been increased compared to 1 year ago.
Compared to 1 year ago, STOR has a worse debt to assets ratio.
2.2 Solvency
STOR has an Altman-Z score of 1.18. This is a bad value and indicates that STOR is not financially healthy and even has some risk of bankruptcy.
STOR has a Altman-Z score of 1.18. This is in the better half of the industry: STOR outperforms 71.89% of its industry peers.
STOR has a Debt/Equity ratio of 0.91. This is a neutral value indicating STOR is somewhat dependend on debt financing.
STOR has a Debt to Equity ratio of 0.91. This is in the better half of the industry: STOR outperforms 60.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.18 |
ROIC/WACC0.5
WACC7.77%
2.3 Liquidity
STOR has a Current Ratio of 0.15. This is a bad value and indicates that STOR is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.15, STOR is not doing good in the industry: 91.35% of the companies in the same industry are doing better.
A Quick Ratio of 0.15 indicates that STOR may have some problems paying its short term obligations.
STOR's Quick ratio of 0.15 is on the low side compared to the rest of the industry. STOR is outperformed by 89.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.15 | ||
| Quick Ratio | 0.15 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 30.77% over the past year.
The Earnings Per Share has been growing slightly by 3.30% on average over the past years.
STOR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.66%.
Measured over the past years, STOR shows a quite strong growth in Revenue. The Revenue has been growing by 15.77% on average per year.
EPS 1Y (TTM)30.77%
EPS 3Y-1.92%
EPS 5Y3.3%
EPS growth Q2Q-3.57%
Revenue 1Y (TTM)18.66%
Revenue growth 3Y13.11%
Revenue growth 5Y15.77%
Revenue growth Q2Q15.78%
3.2 Future
STOR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.47% yearly.
The Revenue is expected to grow by 13.06% on average over the next years. This is quite good.
EPS Next Y21.09%
EPS Next 2Y8.84%
EPS Next 3Y7.56%
EPS Next 5Y4.47%
Revenue Next Year16.47%
Revenue Next 2Y11.8%
Revenue Next 3Y9.82%
Revenue Next 5Y13.06%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
STOR is valuated quite expensively with a Price/Earnings ratio of 27.07.
STOR's Price/Earnings ratio is a bit cheaper when compared to the industry. STOR is cheaper than 65.95% of the companies in the same industry.
STOR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.91, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 27.19, STOR can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of STOR indicates a somewhat cheap valuation: STOR is cheaper than 79.46% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.51, STOR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.07 | ||
| Fwd PE | 27.19 |
4.2 Price Multiples
STOR's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.41 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
STOR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.28
PEG (5Y)8.19
EPS Next 2Y8.84%
EPS Next 3Y7.56%
5. Dividend
5.1 Amount
STOR has a Yearly Dividend Yield of 5.10%, which is a nice return.
Compared to an average industry Dividend Yield of 5.71, STOR pays a bit more dividend than its industry peers.
STOR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.1% |
5.2 History
The dividend of STOR has a limited annual growth rate of 5.75%.
STOR has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)5.75%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
STOR pays out 133.45% of its income as dividend. This is not a sustainable payout ratio.
STOR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP133.45%
EPS Next 2Y8.84%
EPS Next 3Y7.56%
STORE CAPITAL CORP
NYSE:STOR (2/2/2023, 7:25:39 PM)
After market: 32.22 +0.01 (+0.03%)32.21
0 (0%)
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 Cap9.11B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.1% |
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 | 27.07 | ||
| Fwd PE | 27.19 | ||
| 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)1.28
PEG (5Y)8.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 6% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 56.56% | ||
| PM (TTM) | 36.21% | ||
| GM | 98.3% | ||
| 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 Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.15 | ||
| Quick Ratio | 0.15 | ||
| 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)30.77%
EPS 3Y-1.92%
EPS 5Y
EPS growth Q2Q
EPS Next Y21.09%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.66%
Revenue growth 3Y13.11%
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