Four Corners Property Trust Inc
NYSE:FCPT

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Four Corners Property Trust Inc
NYSE:FCPT
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Price: 29.355 USD 0.63%
Market Cap: 2.8B USD
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Intrinsic Value

The intrinsic value of one FCPT stock under the Base Case scenario is 28.102 USD. Compared to the current market price of 29.355 USD, Four Corners Property Trust Inc is Overvalued by 4%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

FCPT Intrinsic Value
28.102 USD
Overvaluation 4%
Intrinsic Value
Price
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Base Case
Best Case

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Four Corners Property Trust Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Four Corners Property Trust Inc

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Four Corners Property Trust Inc

Current Assets 44.5m
Cash & Short-Term Investments 44.5m
Non-Current Assets 2.5B
PP&E 2.3B
Intangibles 118.5m
Other Non-Current Assets 94.8m
Current Liabilities 46.4m
Other Current Liabilities 46.4m
Non-Current Liabilities 1.2B
Long-Term Debt 1.1B
Other Non-Current Liabilities 33.1m
Efficiency

Earnings Waterfall
Four Corners Property Trust Inc

Revenue
264.9m USD
Operating Expenses
-117.6m USD
Operating Income
147.3m USD
Other Expenses
-48.6m USD
Net Income
98.7m USD

Free Cash Flow Analysis
Four Corners Property Trust Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

In the third quarter, the company reported an AFFO per share of $0.43, a 2.4% increase year-over-year, supported by a 4.8% growth in cash rental income to $58.7 million. Occupancy remained high at 99.6%, with excellent rent collection at 99.8%. The company raised $224 million in equity, improving its acquisition capacity and capital cost, while lowering net debt to adjusted EBITDAre to 4.9%, the lowest since 2019. They are actively pursuing acquisitions with a notable $66 million deal involving Bloomin' Brands restaurants, which now comprises significant portfolio growth. Looking ahead, Q4 is expected to be busy for acquisitions, indicating a strong market presence.

What is Earnings Call?
Fundamental Scores

FCPT Profitability Score
Profitability Due Diligence

Four Corners Property Trust Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Positive Operating Income
Positive Net Income
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
50/100
Profitability
Score

Four Corners Property Trust Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

FCPT Solvency Score
Solvency Due Diligence

Four Corners Property Trust Inc's solvency score is 34/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Low Altman Z-Score
34/100
Solvency
Score

Four Corners Property Trust Inc's solvency score is 34/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

FCPT Price Targets Summary
Four Corners Property Trust Inc

Wall Street analysts forecast FCPT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FCPT is 30.6 USD with a low forecast of 28.28 USD and a high forecast of 34.65 USD.

Lowest
Price Target
28.28 USD
4% Downside
Average
Price Target
30.6 USD
4% Upside
Highest
Price Target
34.65 USD
18% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
Unsafe
Safe
Very
Safe
0
25
50
75
100
Shareholder Yield

Current shareholder yield for FCPT is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
Average
Highest

Ownership

FCPT Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Profile

Four Corners Property Trust Inc Logo
Four Corners Property Trust Inc

Country

United States of America

Industry

Real Estate

Market Cap

2.8B USD

Dividend Yield

4.7%

Description

Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. The company is headquartered in Mill Valley, California and currently employs 461 full-time employees. The company went IPO on 2015-10-29. The firm operates through two segments: real estate operations and restaurant operations. Its real estate operations segment consists of rental revenues primarily generated by leasing restaurant properties to tenants through triple-net lease arrangements under which the tenant is primarily responsible for ongoing costs relating to the properties. Its restaurant operations segment is conducted through its taxable REIT subsidiary, Kerrow Holdings, LLC, and consists of its Kerrow Restaurant Operating Business. Its investment portfolio includes approximately 918 rental properties diversified across 46 states and 112 brands, all within the United States. Its properties are located in Florida, Texas, Georgia, Ohio, Michigan, Pennsylvania, Wisconsin, Alabama, South Carolina, Minnesota, Arkansas, Louisiana, Kansas and Missouri.

Contact

CALIFORNIA
Mill Valley
591 Redwood Highway, Suite 3215
+14159658030.0
fcpt.com

IPO

2015-10-29

Employees

461

Officers

President, CEO & Director
Mr. William Howard Lenehan IV
COO, General Counsel & Secretary
Mr. James L. Brat
CFO & Treasurer
Mr. Patrick L. Wernig
Chief Accounting Officer
Ms. Niccole M. Stewart
Manager of Corporate Finance
Mr. Drake Nylund C.F.A.
Vice President of People
Mr. Park Allen
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Controller of Finance & Reporting
Mr. Warren Smith
Controller
Ms. Kelly Egli
Treasury & Tax Analyst
Mr. Steen Lund
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See Also

Discover More
What is the Intrinsic Value of one FCPT stock?

The intrinsic value of one FCPT stock under the Base Case scenario is 28.102 USD.

Is FCPT stock undervalued or overvalued?

Compared to the current market price of 29.355 USD, Four Corners Property Trust Inc is Overvalued by 4%.

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