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Firm Capital American Realty Partners

OTCPK:DELA.F
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DELA.F
OTCPK
CA$49M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Firm Capital American Realty Partners Corp. The last earnings update was 3 days ago. More info.


Add to Portfolio Compare Print
DELA.F Share Price and Events
7 Day Returns
0%
OTCPK:DELA.F
-5.8%
US Real Estate
-3.9%
US Market
1 Year Returns
3.2%
OTCPK:DELA.F
-14.8%
US Real Estate
1.4%
US Market
DELA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Firm Capital American Realty Partners (DELA.F) 0% 0.1% -0% 3.2% 7.8% -77.2%
US Real Estate -5.8% -8.3% -7.1% -14.8% 21.3% 4.4%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • DELA.F outperformed the Real Estate industry which returned -14.8% over the past year.
  • DELA.F outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
DELA.F
Industry
5yr Volatility vs Market

Value

 Is Firm Capital American Realty Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Firm Capital American Realty Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Firm Capital American Realty Partners.

OTCPK:DELA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:DELA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.124 (1 + (1- 26.5%) (50.07%))
1.36
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.36 * 5.96%)
10.84%

Discounted Cash Flow Calculation for OTCPK:DELA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Firm Capital American Realty Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:DELA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.84%)
2019 2.69 Est @ 103.21% 2.43
2020 4.66 Est @ 73.07% 3.80
2021 7.09 Est @ 51.96% 5.20
2022 9.72 Est @ 37.19% 6.44
2023 12.33 Est @ 26.85% 7.37
2024 14.75 Est @ 19.62% 7.96
2025 16.90 Est @ 14.55% 8.22
2026 18.76 Est @ 11% 8.24
2027 20.36 Est @ 8.52% 8.06
2028 21.74 Est @ 6.78% 7.77
Present value of next 10 years cash flows $65.50
OTCPK:DELA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $21.74 × (1 + 2.73%) ÷ (10.84% – 2.73%)
$275.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $275.47 ÷ (1 + 10.84%)10
$98.45
OTCPK:DELA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $65.50 + $98.45
$163.95
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $163.95 / 6.94
$25.71
OTCPK:DELA.F Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:FCA)
1.344
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $23.64 x 1.344
CA$31.77
Non-primary Listing Adjustment Factor 1 share in OTCPK:DELA.F represents 0.91938x of TSXV:FCA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91938x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 31.77 x 0.91938
$29.21
Value per share (USD) From above. $29.21
Current discount Discount to share price of $6.50
= -1 x ($6.50 - $29.21) / $29.21
77.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Firm Capital American Realty Partners is available for.
Intrinsic value
>50%
Share price is $6.5 vs Future cash flow value of $29.21
Current Discount Checks
For Firm Capital American Realty Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Firm Capital American Realty Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Firm Capital American Realty Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Firm Capital American Realty Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Firm Capital American Realty Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:DELA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.90
TSXV:FCA Share Price ** TSXV (2019-04-29) in CAD CA$7.07
TSXV:FCA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.744 $5.26
United States of America Real Estate Industry PE Ratio Median Figure of 27 Publicly-Listed Real Estate Companies 16x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Firm Capital American Realty Partners.

OTCPK:DELA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:FCA Share Price ÷ EPS (both in USD)

= 5.26 ÷ 0.90

5.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Firm Capital American Realty Partners is good value based on earnings compared to the US Real Estate industry average.
  • Firm Capital American Realty Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Firm Capital American Realty Partners's expected growth come at a high price?
Raw Data
OTCPK:DELA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
14%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.34x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Firm Capital American Realty Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Firm Capital American Realty Partners's assets?
Raw Data
OTCPK:DELA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.75
TSXV:FCA Share Price * TSXV (2019-04-29) in CAD CA$7.07
TSXV:FCA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.744 $5.26
United States of America Real Estate Industry PB Ratio Median Figure of 53 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:DELA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:FCA Share Price ÷ Book Value per Share (both in USD)

= 5.26 ÷ 8.75

0.6x

* Primary Listing of Firm Capital American Realty Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Firm Capital American Realty Partners is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Firm Capital American Realty Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Firm Capital American Realty Partners has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Firm Capital American Realty Partners expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Firm Capital American Realty Partners, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Firm Capital American Realty Partners expected to grow at an attractive rate?
  • Firm Capital American Realty Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Firm Capital American Realty Partners's earnings growth is expected to exceed the United States of America market average.
  • Firm Capital American Realty Partners's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:DELA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:DELA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 14%
OTCPK:DELA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -38%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:DELA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:DELA.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 4 3 1
2019-12-31 4 2 1
OTCPK:DELA.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 8 1 6
2018-12-31 8 1 4
2018-09-30 8 0 3
2018-06-30 7 0 1
2018-03-31 5 0 0
2017-12-31 5 -1 0
2017-09-30 5 -1 1
2017-06-30 5 -1 1
2017-03-31 5 -2 1
2016-12-31 5 -3 -1
2016-09-30 1 -4 12
2016-06-30 2 -4 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Firm Capital American Realty Partners's earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
  • Firm Capital American Realty Partners's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:DELA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Firm Capital American Realty Partners Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DELA.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
OTCPK:DELA.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.90
2018-12-31 0.66
2018-09-30 0.46
2018-06-30 0.23
2018-03-31 -0.04
2017-12-31 0.00
2017-09-30 0.15
2017-06-30 0.42
2017-03-31 0.48
2016-12-31 -0.55
2016-09-30 6.04
2016-06-30 5.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Firm Capital American Realty Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Firm Capital American Realty Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Firm Capital American Realty Partners has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Firm Capital American Realty Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Firm Capital American Realty Partners's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Firm Capital American Realty Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Firm Capital American Realty Partners has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Firm Capital American Realty Partners has become profitable in the last year making it difficult to compare the US Real Estate industry average.
Earnings and Revenue History
Firm Capital American Realty Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Firm Capital American Realty Partners Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DELA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 8.07 5.90 2.09
2018-12-31 8.00 4.14 2.15
2018-09-30 7.60 2.69 1.74
2018-06-30 7.18 1.31 2.11
2018-03-31 5.00 -0.21 2.13
2017-12-31 4.97 -0.02 2.07
2017-09-30 5.40 0.62 2.15
2017-06-30 5.16 1.45 1.80
2017-03-31 4.90 1.34 1.91
2016-12-31 4.64 -1.20 1.95
2016-09-30 0.70 12.47 1.42
2016-06-30 1.64 11.25 1.28
2016-03-31 2.65 -2.92 1.37
2015-12-31 3.85 -1.23 1.46
2015-09-30 8.35 -22.92 2.21
2015-06-30 8.86 -23.15 2.81
2015-03-31 9.42 -9.38 3.64
2014-12-31 9.65 -9.27 4.01
2014-09-30 9.25 -5.87 4.23
2014-06-30 8.38 -5.33 4.25
2014-03-31 7.29 -6.84 3.75
2013-12-31 6.12 -8.14 3.80
2013-09-30 5.43 3.43 4.20
2012-12-31 3.11 4.33 3.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Firm Capital American Realty Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Firm Capital American Realty Partners used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Firm Capital American Realty Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Firm Capital American Realty Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Firm Capital American Realty Partners has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Firm Capital American Realty Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Firm Capital American Realty Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Firm Capital American Realty Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Firm Capital American Realty Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Firm Capital American Realty Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Firm Capital American Realty Partners Company Filings, last reported 1 month ago.

OTCPK:DELA.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 61.04 18.27 1.82
2018-12-31 59.71 19.70 2.37
2018-09-30 50.94 25.52 1.88
2018-06-30 49.61 30.42 1.00
2018-03-31 48.54 32.66 1.26
2017-12-31 48.75 30.78 6.22
2017-09-30 40.25 31.62 1.14
2017-06-30 40.25 37.43 6.81
2017-03-31 34.47 42.59 2.79
2016-12-31 34.71 46.06 4.52
2016-09-30 25.07 49.59 1.00
2016-06-30 26.64 50.22 0.70
2016-03-31 28.07 52.61 0.54
2015-12-31 25.44 58.66 1.07
2015-09-30 29.50 60.78 0.56
2015-06-30 30.49 60.45 0.58
2015-03-31 44.77 62.53 1.97
2014-12-31 45.42 64.58 2.47
2014-09-30 51.08 64.24 2.63
2014-06-30 51.96 63.94 4.59
2014-03-31 48.83 56.64 1.36
2013-12-31 49.38 56.33 4.76
2013-09-30 6.17 42.87 3.22
2012-12-31 26.05 29.79 8.38
  • Firm Capital American Realty Partners's level of debt (29.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (116.1% vs 29.9% today).
  • Debt is not well covered by operating cash flow (7.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Firm Capital American Realty Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Firm Capital American Realty Partners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Firm Capital American Realty Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.28%
Current annual income from Firm Capital American Realty Partners dividends.
If you bought $2,000 of Firm Capital American Realty Partners shares you are expected to receive $86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Firm Capital American Realty Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Firm Capital American Realty Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment

Purchase Firm Capital American Realty Partners before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:DELA.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:DELA.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
OTCPK:DELA.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.236 4.468
2019-01-18 0.236 4.437
2018-08-23 0.225 3.456
2018-05-24 0.225 4.044
2017-11-03 0.225 3.453

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Firm Capital American Realty Partners has been paying a dividend for less than 10 years.
  • Firm Capital American Realty Partners has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Firm Capital American Realty Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Firm Capital American Realty Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Firm Capital American Realty Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Firm Capital American Realty Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Firm Capital American Realty Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eli Dadouch
COMPENSATION $0
TENURE AS CEO 0.7 years
CEO Bio

Mr. Eli Dadouch has been President and Chief Executive Officer at Firm Capital American Realty Partners Corp since September 18, 2018. Mr. Dadouch serves as the Vice Chairman at Firm Capital Private Equity Realty Corp. Mr. Dadouch serves as the Chief Executive Officer and President of Firm Capital Mortgage Investment Corporation (formerly, Firm Capital Mortgage Investment Trust) (FCMIC). He serves as a Co-Chief Investment Officer and Vice Chairman at Firm Capital Property Trust (FCPT). He serves as the President of Firm Capital Properties Inc. a property management company. He serves as Vice Chairman at Firm Capital American Realty Partners Corp. and serves as its President and Chief Executive Officer since September 18, 2018. He served as the President of Firm Capital Corporation. He has been a Director of Firm Capital Mortgage Investment Corporation since 1999. He has been a Director of Delavaco Residential Properties Corp. since July 20, 2016 and Firm Capital American Realty Partners Corp. since July 20, 2016. He has been a Non-Independent Trustee at Firm Capital Property Trust since 2012.

CEO Compensation
  • Insufficient data for Eli to compare compensation growth.
  • Eli's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Eli Dadouch

TITLE
Vice Chairman
TENURE
0.7 yrs

Sandy Poklar

TITLE
CFO & Director
COMPENSATION
$67K
AGE
48
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Firm Capital American Realty Partners board of directors in years:

2.8
Average Tenure
46
Average Age
  • The average tenure for the Firm Capital American Realty Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Geoff Bledin

TITLE
Independent Chairman
AGE
64
TENURE
1.8 yrs

Eli Dadouch

TITLE
Vice Chairman

Sandy Poklar

TITLE
CFO & Director
COMPENSATION
$67K
AGE
48
TENURE
2.8 yrs

Keith Ray

TITLE
Independent Director
COMPENSATION
$15K
TENURE
5.4 yrs

Pat DiCapo

TITLE
Independent Director
AGE
44
TENURE
2.8 yrs

Robert Janson

TITLE
Independent Director
TENURE
2.8 yrs

Scott Reid

TITLE
Independent Director
TENURE
2.8 yrs

Howard Smuschkowitz

TITLE
Independent Director
TENURE
2.8 yrs

Ojus Ajmera

TITLE
Independent Director
AGE
40
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Firm Capital American Realty Partners insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Mar 19 Buy Howard Smuschkowitz Individual 19. Mar 19 19. Mar 19 10,000 $6.57 $65,660
13. Nov 18 Buy Caplink Company 09. Nov 18 09. Nov 18 617,284 $6.13 $3,785,756
26. Nov 18 Buy Edland Management Group Inc Company 22. Nov 18 22. Nov 18 500 $7.39 $3,695
14. Nov 18 Buy Edland Management Group Inc Company 12. Nov 18 13. Nov 18 14,600 $7.23 $104,892
13. Nov 18 Buy Robert Janson Individual 09. Nov 18 09. Nov 18 2,600 $6.13 $15,946
13. Nov 18 Buy Keith Ray Individual 09. Nov 18 09. Nov 18 6,173 $6.13 $37,859
13. Nov 18 Buy Stornoway Capital Partners Inc. Company 09. Nov 18 09. Nov 18 50,000 $8.10 $405,076
13. Nov 18 Buy Geoffrey Bledin Individual 09. Nov 18 09. Nov 18 12,000 $6.13 $73,595
13. Nov 18 Buy Howard Smuschkowitz Individual 09. Nov 18 09. Nov 18 29,228 $6.13 $179,253
12. Nov 18 Buy PowerOne Capital Markets Limited, Asset Management Arm Company 09. Nov 18 09. Nov 18 50,000 $8.10 $405,000
27. Aug 18 Buy Howard Smuschkowitz Individual 24. Aug 18 24. Aug 18 3,000 $7.33 $18,363
20. Aug 18 Buy Edland Management Group Inc Company 20. Aug 18 20. Aug 18 2,000 $7.00 $14,000
17. Aug 18 Buy Stornoway Capital Partners Inc. Company 16. Aug 18 16. Aug 18 41,000 $7.01 $287,361
17. Aug 18 Buy Sandy Poklar Individual 17. Aug 18 17. Aug 18 1,600 $7.05 $11,275
X
Management checks
We assess Firm Capital American Realty Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Firm Capital American Realty Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Firm Capital American Realty Partners Corp. focuses on capital partnership investing in the United States income producing real estate and mortgage debt investments. It focuses on acquiring income producing real estate assets in the United States; and create a real estate debt and equity lending platform, which focuses on providing bridge mortgage loans and joint venture capital. The company was formerly known as Delavaco Residential Properties Corp. and changed its name to Firm Capital American Realty Partners Corp. in August 2016. Firm Capital American Realty Partners Corp. was incorporated in 2007 and is based in Toronto, Canada.

Details
Name: Firm Capital American Realty Partners Corp.
DELA.F
Exchange: OTCPK
Founded: 2007
CA$36,486,671
6,935,306
Website: http://www.firmcapital.com/fcarpc/
Address: Firm Capital American Realty Partners Corp.
163 Cartwright Avenue,
Toronto,
Ontario, M6A 1V5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV FCA Common Shares TSX Venture Exchange CA CAD 09. Jan 2014
OTCPK DELA.F Common Shares Pink Sheets LLC US USD 09. Jan 2014
Number of employees
Current staff
Staff numbers
3
Firm Capital American Realty Partners employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:36
End of day share price update: 2019/04/29 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.