Four Corners Property Trust, Inc.

NYSE:FCPT Stock Report

Market Cap: US$2.8b

Four Corners Property Trust Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 FCPT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FCPT ($30.48) is trading below our estimate of fair value ($56.65)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FCPT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue15x
Enterprise Value/EBITDA19.7x
PEG Ratio4.9x

Price to Earnings Ratio vs Peers

How does FCPT's PE Ratio compare to its peers?

The above table shows the PE ratio for FCPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.5x
OUT OUTFRONT Media
13.4x-18.0%US$2.8b
EPR EPR Properties
19.9x4.8%US$3.7b
LAMR Lamar Advertising
26.6x11.3%US$13.2b
GLPI Gaming and Leisure Properties
18.2x6.9%US$14.6b
FCPT Four Corners Property Trust
29x6.0%US$2.8b

Price-To-Earnings vs Peers: FCPT is expensive based on its Price-To-Earnings Ratio (29x) compared to the peer average (19.5x).

Price to Earnings Ratio vs Industry

How does FCPT's PE Ratio compare vs other companies in the US Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.7%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.7%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: FCPT is good value based on its Price-To-Earnings Ratio (29x) compared to the North American Specialized REITs industry average (29.5x).

Price to Earnings Ratio vs Fair Ratio

What is FCPT'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.

FCPT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29x
Fair PE Ratio31.9x

Price-To-Earnings vs Fair Ratio: FCPT is good value based on its Price-To-Earnings Ratio (29x) compared to the estimated Fair Price-To-Earnings Ratio (31.9x).

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 FCPT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$30.48
US$27.83
-8.7%
2.5%US$29.00US$27.00n/a6
Sep ’25US$28.35
US$27.83
-1.8%
2.5%US$29.00US$27.00n/a6
Aug ’25US$27.26
US$26.67
-2.2%
3.5%US$28.00US$25.00n/a6
Jul ’25US$24.44
US$25.83
+5.7%
3.5%US$27.00US$25.00n/a6
Jun ’25US$24.41
US$25.83
+5.8%
3.5%US$27.00US$25.00n/a6
May ’25US$23.56
US$25.83
+9.6%
3.5%US$27.00US$25.00n/a6
Apr ’25US$24.41
US$25.83
+5.8%
3.5%US$27.00US$25.00n/a6
Mar ’25US$24.67
US$26.00
+5.4%
3.1%US$27.00US$25.00n/a6
Feb ’25US$24.02
US$26.17
+8.9%
6.0%US$29.00US$24.00n/a6
Jan ’25US$25.30
US$26.17
+3.4%
6.0%US$29.00US$24.00n/a6
Dec ’24US$23.78
US$26.00
+9.3%
6.3%US$29.00US$24.00n/a6
Nov ’24US$21.93
US$26.83
+22.4%
5.0%US$29.00US$25.00n/a6
Oct ’24US$22.19
US$28.17
+26.9%
2.4%US$29.00US$27.00n/a6
Sep ’24US$25.11
US$28.20
+12.3%
2.7%US$29.00US$27.00US$28.355
Aug ’24US$26.11
US$28.20
+8.0%
2.7%US$29.00US$27.00US$27.265
Jul ’24US$25.40
US$28.20
+11.0%
2.7%US$29.00US$27.00US$24.445
Jun ’24US$25.78
US$28.00
+8.6%
2.9%US$29.00US$27.00US$24.416
May ’24US$25.39
US$28.00
+10.3%
2.9%US$29.00US$27.00US$23.566
Apr ’24US$26.86
US$28.00
+4.2%
2.9%US$29.00US$27.00US$24.416
Mar ’24US$27.07
US$28.17
+4.1%
3.2%US$29.00US$27.00US$24.676
Feb ’24US$28.60
US$28.00
-2.1%
2.9%US$29.00US$27.00US$24.026
Jan ’24US$25.93
US$27.50
+6.1%
2.8%US$28.00US$26.00US$25.306
Dec ’23US$26.92
US$27.50
+2.2%
2.8%US$28.00US$26.00US$23.786
Nov ’23US$25.71
US$27.50
+7.0%
3.5%US$29.00US$26.00US$21.936
Oct ’23US$24.19
US$29.29
+21.1%
4.7%US$30.00US$26.00US$22.197
Sep ’23US$26.71
US$30.00
+12.3%
6.4%US$33.00US$26.00US$25.117

Analyst Forecast: Target price is lower than the current share price.

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