STORE Capital
Market Cap
US$8.2b
Last Updated
2021/01/22 00:59 UTC
Data Sources
Company Financials +
Executive Summary
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has STORE Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: STOR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: STOR's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.4%
STOR
2.2%
US REITs
1.4%
US Market
1 Year Return
-18.9%
STOR
-11.1%
US REITs
22.6%
US Market
Return vs Industry: STOR underperformed the US REITs industry which returned -9.9% over the past year.
Return vs Market: STOR underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| STOR | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 2.2% | 1.4% |
| 30 Day | -5.2% | 1.5% | 4.9% |
| 90 Day | 11.7% | 5.4% | 14.6% |
| 1 Year | -14.2%-18.9% | -6.9%-11.1% | 25.4%22.6% |
| 3 Year | 46.1%26.7% | 24.6%9.3% | 46.8%37.0% |
| 5 Year | 62.8%28.8% | 55.4%23.6% | 132.0%106.1% |
Long-Term Price Volatility Vs. Market
How volatile is STORE Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
STORE Capital Corporation's (NYSE:STOR) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?1 month ago | Simply Wall St
Are Insiders Buying STORE Capital Corporation (NYSE:STOR) Stock?2 months ago | Simply Wall St
Shareholders Of STORE Capital (NYSE:STOR) Must Be Happy With Their 83% ReturnValuation
Is STORE Capital undervalued compared to its fair value and its price relative to the market?
32.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: STOR ($31.41) is trading below our estimate of fair value ($46.76)
Significantly Below Fair Value: STOR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: STOR is good value based on its PE Ratio (35.6x) compared to the US REITs industry average (38.5x).
PE vs Market: STOR is poor value based on its PE Ratio (35.6x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: STOR is poor value based on its PEG Ratio (4.5x)
Price to Book Ratio
PB vs Industry: STOR's PB Ratio (1.7x) is in line with the US REITs industry average.
Next Steps
Future Growth
How is STORE Capital forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STOR's forecast earnings growth (7.9% per year) is above the savings rate (2%).
Earnings vs Market: STOR's earnings (7.9% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: STOR's earnings are forecast to grow, but not significantly.
Revenue vs Market: STOR's revenue (6.6% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: STOR's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STOR's Return on Equity is forecast to be low in 3 years time (6.8%).
Next Steps
Past Performance
How has STORE Capital performed over the past 5 years?
23.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STOR has high quality earnings.
Growing Profit Margin: STOR's current net profit margins (31.5%) are lower than last year (44.3%).
Past Earnings Growth Analysis
Earnings Trend: STOR's earnings have grown significantly by 23.7% per year over the past 5 years.
Accelerating Growth: STOR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: STOR had negative earnings growth (-22.8%) over the past year, making it difficult to compare to the REITs industry average (2.9%).
Return on Equity
High ROE: STOR's Return on Equity (4.4%) is considered low.
Next Steps
Financial Health
How is STORE Capital's financial position?
Financial Position Analysis
Short Term Liabilities: STOR's short term assets ($572.1M) exceed its short term liabilities ($213.2M).
Long Term Liabilities: STOR's short term assets ($572.1M) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: STOR's debt to equity ratio (72.7%) is considered high.
Reducing Debt: STOR's debt to equity ratio has reduced from 102.5% to 72.7% over the past 5 years.
Debt Coverage: STOR's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: STOR's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Next Steps
Dividend
What is STORE Capital current dividend yield, its reliability and sustainability?
4.58%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STOR's dividend (4.58%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: STOR's dividend (4.58%) is in the top 25% of dividend payers in the US market (3.86%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, STOR has been paying a dividend for less than 10 years.
Growing Dividend: STOR's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74.9%), STOR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STOR's dividends in 3 years are forecast to be covered by earnings (72.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Chris Volk (63 yo)
9.67yrs
Tenure
US$7,426,429
Compensation
Mr. Christopher H. Volk, also known as Chris, has been the Executive Officer and Director of STORE Capital Corporation since May 2011. Mr. Volk served as the President at STORE Capital since May 2011 until...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD7.43M) is about average for companies of similar size in the US market ($USD6.22M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.67yrs | US$7.43m | 0.33% $ 26.9m | |
| Co-Founder | 4.42yrs | US$4.75m | 0.14% $ 11.6m | |
| Executive VP | 9.67yrs | US$3.04m | 0.12% $ 10.3m | |
| Executive VP | 1.42yrs | US$1.51m | 0.0035% $ 289.6k | |
| Senior VP & Chief Accounting Officer | 2.92yrs | no data | 0.0056% $ 464.9k | |
| Head of Investor Relations | no data | no data | no data | |
| Executive Vice President of Acquisitions | 0.33yr | no data | 0.019% $ 1.6m | |
| Executive Vice President of Underwriting & Portfolio Management | 0.33yr | no data | 0.015% $ 1.2m |
1.4yrs
Average Tenure
54yo
Average Age
Experienced Management: STOR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.67yrs | US$7.43m | 0.33% $ 26.9m | |
| Co-Founder | 4.42yrs | US$4.75m | 0.14% $ 11.6m | |
| Independent Non-Executive Chairman | 9.67yrs | US$399.98k | 0.19% $ 15.7m | |
| Independent Director | 6.17yrs | US$179.99k | 0.0099% $ 815.4k | |
| Independent Director | 3.25yrs | US$164.99k | 0.0053% $ 432.0k | |
| Independent Director | 4.92yrs | US$164.99k | 0.0094% $ 770.1k | |
| Independent Director | 6.17yrs | US$184.99k | 0.031% $ 2.6m | |
| Independent Director | 0.92yr | no data | 0.0036% $ 298.7k | |
| Independent Director | 4.75yrs | US$164.99k | 0.014% $ 1.1m |
4.9yrs
Average Tenure
63yo
Average Age
Experienced Board: STOR's board of directors are considered experienced (4.9 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 11.7%.
Top Shareholders
Company Information
STORE Capital Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: STORE Capital Corporation
- Ticker: STOR
- Exchange: NYSE
- Founded: NaN
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: US$8.228b
- Shares outstanding: 261.94m
- Website: https://www.storecapital.com
Number of Employees
Location
- STORE Capital Corporation
- 8377 East Hartford Drive
- Suite 100
- Scottsdale
- Arizona
- 85255
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| STOR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2014 |
| S76 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2014 |
| 0LA6 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Nov 2014 |
| STOR * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Nov 2014 |
Biography
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 00:59 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.