BFS Stock Overview
Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.
Saul Centers Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$48.09|
|52 Week High||US$56.22|
|52 Week Low||US$41.73|
|1 Month Change||0.73%|
|3 Month Change||3.40%|
|1 Year Change||3.51%|
|3 Year Change||-8.70%|
|5 Year Change||-18.52%|
|Change since IPO||140.45%|
Recent News & Updates
|BFS||US REITs||US Market|
Return vs Industry: BFS exceeded the US REITs industry which returned -6.7% over the past year.
Return vs Market: BFS exceeded the US Market which returned -13% over the past year.
|BFS Average Weekly Movement||4.5%|
|REITs Industry Average Movement||4.3%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.2%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: BFS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BFS's weekly volatility (4%) has been stable over the past year.
About the Company
Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties. Approximately 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area.
Saul Centers Fundamentals Summary
|BFS fundamental statistics|
Is BFS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BFS income statement (TTM)|
|Cost of Revenue||US$62.20m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.70|
|Net Profit Margin||16.70%|
How did BFS perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is BFS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BFS?
Other financial metrics that can be useful for relative valuation.
|What is BFS's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BFS's PE Ratio compare to its peers?
|BFS PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
AKR Acadia Realty Trust
IVT InvenTrust Properties
UE Urban Edge Properties
SKT Tanger Factory Outlet Centers
BFS Saul Centers
Price-To-Earnings vs Peers: BFS is good value based on its Price-To-Earnings Ratio (28.3x) compared to the peer average (38.6x).
Price to Earnings Ratio vs Industry
How does BFS's PE Ratio compare vs other companies in the US REITs Industry?
Price-To-Earnings vs Industry: BFS is good value based on its Price-To-Earnings Ratio (28.3x) compared to the US REITs industry average (31.3x)
Price to Earnings Ratio vs Fair Ratio
What is BFS'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.
|Current PE Ratio||28.3x|
|Fair PE Ratio||29.7x|
Price-To-Earnings vs Fair Ratio: BFS is good value based on its Price-To-Earnings Ratio (28.3x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).
Share Price vs Fair Value
What is the Fair Price of BFS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BFS ($48.09) is trading below our estimate of fair value ($67.91)
Significantly Below Fair Value: BFS is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Saul Centers forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BFS's forecast earnings growth (0.9% per year) is below the savings rate (1.9%).
Earnings vs Market: BFS's earnings (0.9% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: BFS's earnings are forecast to grow, but not significantly.
Revenue vs Market: BFS's revenue (3% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: BFS's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BFS's Return on Equity is forecast to be high in 3 years time
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How has Saul Centers performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BFS has high quality earnings.
Growing Profit Margin: BFS's current net profit margins (16.7%) are higher than last year (13.1%).
Past Earnings Growth Analysis
Earnings Trend: BFS's earnings have declined by 0.2% per year over the past 5 years.
Accelerating Growth: BFS's earnings growth over the past year (32.6%) exceeds its 5-year average (-0.2% per year).
Earnings vs Industry: BFS earnings growth over the past year (32.6%) underperformed the REITs industry 47.6%.
Return on Equity
High ROE: BFS's Return on Equity (12.7%) is considered low.
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How is Saul Centers's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BFS's short term assets ($66.7M) exceed its short term liabilities ($58.1M).
Long Term Liabilities: BFS's short term assets ($66.7M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: BFS's net debt to equity ratio (217.7%) is considered high.
Reducing Debt: BFS's debt to equity ratio has reduced from 251.1% to 219.8% over the past 5 years.
Debt Coverage: BFS's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: BFS's interest payments on its debt are not well covered by EBIT (2.6x coverage).
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What is Saul Centers's current dividend yield, its reliability and sustainability?
Dividend Score 6/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BFS's dividend (4.91%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: BFS's dividend (4.91%) is in the top 25% of dividend payers in the US market (4.08%)
Stability and Growth of Payments
Stable Dividend: BFS's dividends per share have been stable in the past 10 years.
Growing Dividend: BFS's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (61%), BFS's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (65.2%), BFS's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bernard Saul (89 yo)
Mr. Bernard Francis Saul, II has been Chairman and Chief Executive Officer of Saul Centers Inc., since June 1993 and had been its President since October 1, 2019 until May 7, 2021. Mr. Saul has been the Pr...
CEO Compensation Analysis
Compensation vs Market: Bernard's total compensation ($USD248.47K) is below average for companies of similar size in the US market ($USD5.45M).
Compensation vs Earnings: Bernard's compensation has increased by more than 20% in the past year.
Experienced Management: BFS's management team is seasoned and experienced (8.3 years average tenure).
Experienced Board: BFS's board of directors are seasoned and experienced ( 10.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BFS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Saul Centers, Inc.'s employee growth, exchange listings and data sources
- Name: Saul Centers, Inc.
- Ticker: BFS
- Exchange: NYSE
- Founded: 1993
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$1.594b
- Market Cap: US$1.148b
- Shares outstanding: 32.68m
- Website: https://www.saulcenters.com
Number of Employees
- Saul Centers, Inc.
- 7501 Wisconsin Avenue
- Suite 1500E
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/09 00:00|
|End of Day Share Price||2022/08/09 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.