Franklin Street Properties Corp.

NYSEAM:FSP Stock Report

Market Cap: US$189.5m

Franklin Street Properties Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FSP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FSP ($1.84) is trading above our estimate of fair value ($1.61)

Significantly Below Fair Value: FSP is trading above our estimate of fair value.


Key Valuation Metric

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

Key metric: As FSP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FSP. This is calculated by dividing FSP's market cap by their current revenue.
What is FSP's PS Ratio?
PS Ratio1.5x
SalesUS$126.51m
Market CapUS$189.53m

Price to Sales Ratio vs Peers

How does FSP's PS Ratio compare to its peers?

The above table shows the PS ratio for FSP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
CIO City Office REIT
1.1x1.2%US$196.4m
KBSR KBS Real Estate Investment Trust III
0.4xn/aUS$122.4m
ONL Orion Office REIT
1.2x-13.8%US$214.3m
PKST Peakstone Realty Trust
2x4.9%US$463.5m
FSP Franklin Street Properties
1.5xn/aUS$189.5m

Price-To-Sales vs Peers: FSP is expensive based on its Price-To-Sales Ratio (1.5x) compared to the peer average (1.2x).


Price to Sales Ratio vs Industry

How does FSP's PS Ratio compare vs other companies in the US Office REITs Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
OPI Office Properties Income Trust
0.1x-4.9%US$67.50m
CMCT Creative Media & Community Trust
0.05xn/aUS$6.45m
No more companies available in this PS range
FSP 1.5xIndustry Avg. 2.9xNo. of Companies4PS01.63.24.86.48+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FSP is good value based on its Price-To-Sales Ratio (1.5x) compared to the US Office REITs industry average (2.9x).


Price to Sales Ratio vs Fair Ratio

What is FSP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FSP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FSP's Price-To-Sales Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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