First Capital Real Estate Investment Trust
TSX:FCR.UN
Intrinsic Value
First Capital Real Estate Investment Trust operates as a real estate investment trust. [ Read More ]
The intrinsic value of one
FCR.UN
stock under the Base Case scenario is
21.51
CAD.
Compared to the current market price of 15.14 CAD,
First Capital Real Estate Investment Trust
is
Undervalued by 30%.
FCR.UN could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
First Capital Real Estate Investment Trust's market capitalization is 3.2B CAD.
FCR.UN stock price is 15.14 CAD.
FCR.UN stock price (15.14 CAD) is 30% less than its Intrinsic Value (21.51 CAD).
FCR.UN stock price (15.14 CAD) is 42% less than its Relative Value (26.08 CAD). Open Relative Valuation
FCR.UN has upside potential of 21% compared to the average analyst price target.
Open Wall St Estimates
FCR.UN's Revenue has dropped by 1% over the past 12 months.
FCR.UN's D/E (Debt to Equity) is very low and is equal to 0.92.
FCR.UN's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 4%.
FCR.UN's ROE (Return on Equity) for the past 12 months is negative and is equal to -3%.
FCR.UN has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
FCR.UN's short-term liabilties (698m CAD) exceed its short-term assets (567m CAD).
FCR.UN's long-term assets (9B CAD) exceed its long-term liabilties (5B CAD).
FCR.UN has negative Net Income for the last twelve months.
FCR.UN has negative three-year average ROE (Return on Equity): -1%. The company is not efficient at transforming stockholders' equity into net income.
FCR.UN has positive Operating Income for the last twelve months.
FCR.UN has positive Gross Profit for the last twelve months.
FCR.UN has positive Free Cash Flow for the last twelve months.
FCR.UN has positive Net Debt. This means that the company has more debt (4B CAD) than cash and short-term investments (90m CAD).
FCR.UN's Altman Z-Score is very low and is equal to 0.73.
FCR.UN generates enough operating income (379m CAD) to cover interest payments on its debt (150m CAD).
Valuation Backtest
First Capital Real Estate Investment Trust
Run backtest to discover the historical profit from buying and selling
FCR.UN
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
First Capital Real Estate Investment Trust
Balance Sheet Decomposition
First Capital Real Estate Investment Trust
| Current Assets | 567.4m |
| Cash & Short-Term Investments | 90.2m |
| Receivables | 94.1m |
| Other Current Assets | 383.1m |
| Non-Current Assets | 8.6B |
| Long-Term Investments | 8.5B |
| PP&E | 7.2m |
| Other Non-Current Assets | 124m |
| Current Liabilities | 698.4m |
| Accounts Payable | 115.6m |
| Accrued Liabilities | 42.5m |
| Other Current Liabilities | 540.3m |
| Non-Current Liabilities | 4.6B |
| Long-Term Debt | 3.6B |
| Other Non-Current Liabilities | 934.7m |
Earnings Waterfall
First Capital Real Estate Investment Trust
|
Revenue
|
688m
CAD
|
|
Cost of Revenue
|
-266.1m
CAD
|
|
Gross Profit
|
421.9m
CAD
|
|
Operating Expenses
|
-42.8m
CAD
|
|
Operating Income
|
379.1m
CAD
|
|
Other Expenses
|
-513.2m
CAD
|
|
Net Income
|
-134.1m
CAD
|
Free Cash Flow Analysis
First Capital Real Estate Investment Trust
What is Free Cash Flow?
FCR.UN Profitability Score
Profitability Due Diligence
First Capital Real Estate Investment Trust's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
Score
First Capital Real Estate Investment Trust's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
FCR.UN Solvency Score
Solvency Due Diligence
First Capital Real Estate Investment Trust's solvency score is 27/100. The higher the solvency score, the more solvent the company is.
Score
First Capital Real Estate Investment Trust's solvency score is 27/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
FCR.UN Price Targets Summary
First Capital Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for
FCR.UN
is 18.33 CAD
with a low forecast of 17.17 CAD and a high forecast of 19.95 CAD.
Shareholder Return
FCR.UN Price
First Capital Real Estate Investment Trust
| Average Annual Return | 1.85% |
| Standard Deviation of Annual Returns | 29.91% |
| Max Drawdown | -50% |
| Market Capitalization | 3.2B CAD |
| Shares Outstanding | 212 242 000 |
| Percentage of Shares Shorted | 0.43% |
Company Profile
First Capital Real Estate Investment Trust
Country
Industry
Market Cap
Dividend Yield
Description
First Capital Real Estate Investment Trust operates as a real estate investment trust. The company is headquartered in Toronto, Ontario and currently employs 341 full-time employees. FCR operates through three segments: Eastern, which includes operations primarily in Quebec and Ottawa; Central, which includes the FCR's Ontario operations excluding Ottawa; and Western, which includes operations in Alberta and British Columbia. FCR's portfolio includes approximately 150 Canadian properties, totaling approximately 23.5 million square feet of gross leasable area. FCR's properties include Shops at King Liberty, 3080 Yonge Street, 2150 Lake Shore Boulevard West, Avenue and Lawrence Assets, Bayside Village, Leaside Village, Olde Oakville Market Place, Rutherford Marketplace and Edmonton Brewery District, King High Line, York Mills Gardens, False Creek Village, Carre Lucerne, Shops at New West, Wilderton Centre, The Olive, One Bloor East, 775 King Street West, The Devenish and Chartwell Shopping Centre.
Contact
IPO
Employees
Officers
The intrinsic value of one
FCR.UN
stock under the Base Case scenario is
21.51
CAD.
Compared to the current market price of 15.14 CAD,
First Capital Real Estate Investment Trust
is
Undervalued by 30%.
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