Four Corners Property Trust, Inc.

DB:4Z1 Stock Report

Market Cap: €2.6b

Four Corners Property Trust Valuation

Is 4Z1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 4Z1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4Z1 (€26.4) is trading below our estimate of fair value (€50.49)

Significantly Below Fair Value: 4Z1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4Z1?

Key metric: As 4Z1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4Z1. This is calculated by dividing 4Z1's market cap by their current earnings.
What is 4Z1's PE Ratio?
PE Ratio28.5x
EarningsUS$98.73m
Market CapUS$2.79b

Price to Earnings Ratio vs Peers

How does 4Z1's PE Ratio compare to its peers?

The above table shows the PE ratio for 4Z1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.4x
HABA Hamborner REIT
62.8x11.0%€514.1m
OUT OUTFRONT Media
13.5x-21.5%US$3.0b
EPR EPR Properties
19.2x5.9%US$3.4b
EDUCA 18 Fideicomiso Irrevocable No. F/3277 en Banco Invex S. A. Institución de Banca Múltiple INVEX Grupo
18.1xn/aMex$69.6b
4Z1 Four Corners Property Trust
28.5x7.6%€2.8b

Price-To-Earnings vs Peers: 4Z1 is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (28.4x).

Price to Earnings Ratio vs Industry

How does 4Z1's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4Z1 28.5xIndustry Avg. 19.0xNo. of Companies9PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4Z1 is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the Global Specialized REITs industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is 4Z1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4Z1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 4Z1's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 4Z1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€26.40
€28.23
+6.9%
5.0%€31.35€26.60n/a7
Nov ’25€25.20
€26.20
+4.0%
5.6%€28.91€24.39n/a6
Oct ’25€26.20
€26.20
-0.005%
5.6%€28.91€24.39n/a6
Sep ’25€25.20
€25.04
-0.6%
2.5%€26.09€24.29n/a6
Aug ’25€24.80
€24.71
-0.4%
3.5%€25.95€23.17n/a6
Jul ’25€22.80
€24.14
+5.9%
3.5%€25.23€23.36n/a6
Jun ’25€22.00
€23.85
+8.4%
3.5%€24.93€23.09n/a6
May ’25€22.00
€23.60
+7.3%
3.5%€24.66€22.84n/a6
Apr ’25€22.20
€23.60
+6.3%
3.5%€24.66€22.84n/a6
Mar ’25€22.20
€23.97
+8.0%
3.1%€24.89€23.05n/a6
Feb ’25€21.40
€24.31
+13.6%
6.0%€26.94€22.30n/a6
Jan ’25€22.80
€24.31
+6.6%
6.0%€26.94€22.30n/a6
Dec ’24€20.80
€24.25
+16.6%
6.3%€27.05€22.38n/a6
Nov ’24€19.90
€25.39
+27.6%
5.0%€27.44€23.66€25.206
Oct ’24€20.60
€26.42
+28.3%
2.4%€27.20€25.33€26.206
Sep ’24€23.00
€26.34
+14.5%
2.7%€27.09€25.22€25.205
Aug ’24€23.80
€26.34
+10.7%
2.7%€27.09€25.22€24.805
Jul ’24€23.20
€26.34
+13.5%
2.7%€27.09€25.22€22.805
Jun ’24€23.80
€26.02
+9.3%
2.9%€26.95€25.09€22.006
May ’24€22.80
€26.02
+14.1%
2.9%€26.95€25.09€22.006
Apr ’24€24.00
€26.02
+8.4%
2.9%€26.95€25.09€22.206
Mar ’24€25.40
€26.45
+4.1%
3.2%€27.23€25.36€22.206
Feb ’24€26.20
€25.84
-1.4%
2.9%€26.76€24.92€21.406
Jan ’24€24.00
€27.60
+15.0%
2.8%€28.10€26.10€22.806
Dec ’23€25.80
€27.60
+7.0%
2.8%€28.10€26.10€20.806
Nov ’23€25.60
€27.84
+8.8%
3.5%€29.36€26.32€19.906

Analyst Forecast: Target price is less than 20% higher than the current share price.

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