Four Corners Property Trust
Market Cap
US$2.2b
Last Updated
2021/04/16 22:52 UTC
Data Sources
Company Financials +
Executive Summary
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Four Corners Property Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCPT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FCPT's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
1.2%
FCPT
2.4%
US REITs
1.3%
US Market
1 Year Return
46.2%
FCPT
26.1%
US REITs
53.9%
US Market
Return vs Industry: FCPT exceeded the US REITs industry which returned 26.1% over the past year.
Return vs Market: FCPT underperformed the US Market which returned 53.9% over the past year.
Shareholder returns
| FCPT | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 2.4% | 1.3% |
| 30 Day | -0.6% | 3.9% | 3.3% |
| 90 Day | 3.0% | 13.5% | 8.9% |
| 1 Year | 53.3%46.2% | 31.4%26.1% | 56.6%53.9% |
| 3 Year | 46.4%27.5% | 46.4%28.7% | 64.4%53.6% |
| 5 Year | 101.9%60.8% | 53.4%22.5% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Four Corners Property Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Shareholders Of Four Corners Property Trust (NYSE:FCPT) Must Be Happy With Their 97% Return1 month ago | Simply Wall St
Did Four Corners Property Trust, Inc. (NYSE:FCPT) Insiders Buy Up More Shares?2 months ago | Simply Wall St
Can Four Corners Property Trust, Inc. (NYSE:FCPT) Maintain Its Strong Returns?Valuation
Is Four Corners Property Trust undervalued compared to its fair value and its price relative to the market?
42.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FCPT ($28.53) is trading below our estimate of fair value ($49.52)
Significantly Below Fair Value: FCPT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FCPT is good value based on its PE Ratio (26.3x) compared to the US REITs industry average (47.1x).
PE vs Market: FCPT is poor value based on its PE Ratio (26.3x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: FCPT is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: FCPT is overvalued based on its PB Ratio (2.6x) compared to the US REITs industry average (1.8x).
Future Growth
How is Four Corners Property Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCPT's forecast earnings growth (10.7% per year) is above the savings rate (2%).
Earnings vs Market: FCPT's earnings (10.7% per year) are forecast to grow slower than the US market (18.1% per year).
High Growth Earnings: FCPT's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCPT's revenue (10.8% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: FCPT's revenue (10.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCPT's Return on Equity is forecast to be low in 3 years time (9.9%).
Past Performance
How has Four Corners Property Trust performed over the past 5 years?
-4.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCPT has high quality earnings.
Growing Profit Margin: FCPT's current net profit margins (45.2%) are lower than last year (45.3%).
Past Earnings Growth Analysis
Earnings Trend: FCPT's earnings have declined by 4.5% per year over the past 5 years.
Accelerating Growth: FCPT's earnings growth over the past year (6.5%) exceeds its 5-year average (-4.5% per year).
Earnings vs Industry: FCPT earnings growth over the past year (6.5%) exceeded the REITs industry -4.4%.
Return on Equity
High ROE: FCPT's Return on Equity (9.2%) is considered low.
Financial Health
How is Four Corners Property Trust's financial position?
Financial Position Analysis
Short Term Liabilities: FCPT's short term assets ($68.0M) exceed its short term liabilities ($47.0M).
Long Term Liabilities: FCPT's short term assets ($68.0M) do not cover its long term liabilities ($776.7M).
Debt to Equity History and Analysis
Debt Level: FCPT's debt to equity ratio (91.5%) is considered high.
Reducing Debt: FCPT's debt to equity ratio has increased from 89% to 91.5% over the past 5 years.
Debt Coverage: FCPT's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: FCPT's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
Dividend
What is Four Corners Property Trust current dividend yield, its reliability and sustainability?
4.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCPT's dividend (4.45%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: FCPT's dividend (4.45%) is in the top 25% of dividend payers in the US market (3.46%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FCPT has been paying a dividend for less than 10 years.
Growing Dividend: FCPT's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.7%), FCPT's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCPT's dividends in 3 years are forecast to be covered by earnings (80.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Bill Lenehan (43 yo)
5.67yrs
Tenure
US$1,865,788
Compensation
Mr. William Howard Lenehan IV, also known as Bill, has been the Chief Executive Officer of Four Corners Property Trust, Inc. since joining it on August 17, 2015 and has also been its President and Member o...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD1.87M) is below average for companies of similar size in the US market ($USD3.79M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FCPT's management team is considered experienced (3.3 years average tenure).
Board Members
Experienced Board: FCPT's board of directors are considered experienced (5.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.2%.
Top Shareholders
Company Information
Four Corners Property Trust, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Four Corners Property Trust, Inc.
- Ticker: FCPT
- Exchange: NYSE
- Founded: NaN
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$2.186b
- Market Cap: US$2.181b
- Shares outstanding: 76.27m
- Website: https://www.fcpt.com
Number of Employees
Location
- Four Corners Property Trust, Inc.
- 591 Redwood Highway
- Suite 1150
- Mill Valley
- California
- 94941
- United States
Listings
Biography
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring add...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 22:52 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.