NYSE:STOR

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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.


Snowflake Analysis

Good value with proven track record and pays a dividend.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.5%

STOR

-0.6%

US REITs

1.5%

US Market


1 Year Return

-35.0%

STOR

-11.7%

US REITs

6.9%

US Market

Return vs Industry: STOR underperformed the US REITs industry which returned -12.6% over the past year.

Return vs Market: STOR underperformed the US Market which returned 5.3% over the past year.


Shareholder returns

STORIndustryMarket
7 Day-1.5%-0.6%1.5%
30 Day-6.4%-2.9%5.9%
90 Day29.6%4.5%17.9%
1 Year-31.6%-35.0%-8.1%-11.7%9.2%6.9%
3 Year9.6%-5.1%11.3%-2.1%36.4%27.5%
5 Year33.2%5.3%38.9%10.4%64.9%47.0%

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

Valuation

Is STORE Capital undervalued compared to its fair value and its price relative to the market?

38.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: STOR ($22.05) is trading below our estimate of fair value ($35.84)

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 (17.2x) compared to the US REITs industry average (26.9x).

PE vs Market: STOR is poor value based on its PE Ratio (17.2x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: STOR is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: STOR is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.3x).


Next Steps

Future Growth

How is STORE Capital forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STOR's forecast earnings growth (4.7% per year) is above the savings rate (2.2%).

Earnings vs Market: STOR's earnings (4.7% per year) are forecast to grow slower than the US market (22.5% per year).

High Growth Earnings: STOR's earnings are forecast to grow, but not significantly.

Revenue vs Market: STOR's revenue (5.9% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: STOR's revenue (5.9% 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 (6.1%).


Next Steps

Past Performance

How has STORE Capital performed over the past 5 years?

28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STOR has a large one-off gain of $67.8M impacting its March 31 2020 financial results.

Growing Profit Margin: STOR's current net profit margins (44.5%) are higher than last year (37.1%).


Past Earnings Growth Analysis

Earnings Trend: STOR's earnings have grown significantly by 28.8% per year over the past 5 years.

Accelerating Growth: STOR's earnings growth over the past year (42.1%) exceeds its 5-year average (28.8% per year).

Earnings vs Industry: STOR earnings growth over the past year (42.1%) exceeded the REITs industry 5.3%.


Return on Equity

High ROE: STOR's Return on Equity (6.6%) 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 ($1.1B) exceed its short term liabilities ($192.6M).

Long Term Liabilities: STOR's short term assets ($1.1B) do not cover its long term liabilities ($4.2B).


Debt to Equity History and Analysis

Debt Level: STOR's debt to equity ratio (91%) is considered high.

Reducing Debt: STOR's debt to equity ratio has reduced from 91.7% to 91% over the past 5 years.

Debt Coverage: STOR's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: STOR's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

What is STORE Capital current dividend yield, its reliability and sustainability?

6.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: STOR's dividend (6.35%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: STOR's dividend (6.35%) is in the top 25% of dividend payers in the US market (4.59%)


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 (69.2%), 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 thoroughly covered by earnings (0.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average management tenure


CEO

Chris Volk (63yo)

9.17yrs

Tenure

US$7,426,429

Compensation

Mr. Christopher H. Volk, also known as Chris, has served as the Chief Executive Officer, President and Director of STORE Capital Corporation since May 2011. Mr. Volk Co-Founded STORE Capital Corporation in ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD7.43M) is about average for companies of similar size in the US market ($USD7.39M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Volk
President9.17yrsUS$7.43m0.28% $15.2m
Catherine Long
Executive VP9.17yrsUS$3.04m0.11% $5.8m
Mary Fedewa
Co-Founder3.92yrsUS$4.75m0.11% $6.0m
Chad Freed
Executive VP0.92yrUS$1.51m0.0038% $203.0k
Stacy LaFrance
Senior VP & Chief Accounting Officer2.42yrsno data0.0061% $326.3k
Lisa Mueller
Head of Investor Relationsno datano datano data

9.2yrs

Average Tenure

54yo

Average Age

Experienced Management: STOR's management team is seasoned and experienced (9.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Volk
President9.17yrsUS$7.43m0.28% $15.2m
Mary Fedewa
Co-Founder3.92yrsUS$4.75m0.11% $6.0m
Morton Fleischer
Independent Non-Executive Chairman9.17yrsUS$399.98k0.20% $11.0m
Quentin Smith
Independent Director5.67yrsUS$179.99k0.011% $572.5k
Catherine Rice
Independent Director2.75yrsUS$164.99k0.0056% $303.2k
Einar Seadler
Independent Director4.42yrsUS$164.99k0.010% $540.7k
Joseph Donovan
Independent Director5.67yrsUS$184.99k0.034% $1.8m
Tawn Kelley
Independent Director0.42yrno data0.0039% $209.5k
William Hipp
Independent Director4.25yrsUS$164.99k0.015% $793.3k

4.4yrs

Average Tenure

63yo

Average Age

Experienced Board: STOR's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: STOR 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 7.7%.


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:
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: US$5.385b
  • Shares outstanding: 244.23m
  • Website: https://www.storecapital.com

Number of Employees


Location

  • STORE Capital Corporation
  • 8377 East Hartford Drive
  • Suite 100
  • Scottsdale
  • Arizona
  • 85255
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STORNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2014
S76DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2014
0LA6LSE (London Stock Exchange)YesCommon StockGBUSDNov 2014
STOR *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNNov 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, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,500 property locations across the United States, substantially all of which are profit centers. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 23:55
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.