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Spirit Realty Capital, Inc.

Find Ratings Reports
SRC : NYSE :
$40.29 up 0.90 | 2.30%
Today's Range: 39.32 - 40.09
Avg. Daily Volume: 0
01/28/21 - 10:23 AM ET
Rating Summary Rating Detail Financial Analysis Peer Group

Financial Analysis


SPIRIT REALTY CAPITAL INC's gross profit margin for the third quarter of its fiscal year 2020 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its subsector, revenue growth did not.

During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q3 FY20 Q3 FY19
Net Sales ($mil)113.74166.95
EBITDA ($mil)0.00.0
EBIT ($mil)37.5999.64
Net Income ($mil)13.881.29


Balance Sheet Q3 FY20 Q3 FY19
Cash & Equiv. ($mil)129.49369.67
Total Assets ($mil)6091.425663.58
Total Debt ($mil)2512.222085.18
Equity ($mil)3332.183332.78


Profitability Q3 FY20 Q3 FY19
Gross Profit Margin42.5767.51
EBITDA Margin0.00.0
Operating Margin33.0559.69
Sales Turnover0.080.09
Return on Assets0.033.96
Return on Equity-0.246.45
Debt Q3 FY20 Q3 FY19
Current Ratio0.00.0
Debt/Capital0.430.38
Interest Expense26.424.68
Interest Coverage1.424.04


Share Data Q3 FY20 Q3 FY19
Shares outstanding (mil)105.8999.73
Div / share0.630.63
EPS0.110.87
Book value / share31.4733.42
Institutional Own % n/a n/a
Avg Daily Volume910685.0601625.0

Valuation


HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 1.26 indicates a significant discount versus the S&P 500 average of 4.08 and a significant discount versus the subsector average of 5.63. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. After reviewing these and other key valuation criteria, SPIRIT REALTY CAPITAL INC proves to trade at a discount to investment alternatives.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
SRC NM Peers 58.24   SRC 20.33 Peers 28.36

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

SRC's P/E is negative making this valuation measure meaningless.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

SRC is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
SRC 48.96 Peers 88.51   SRC NA Peers 91.44

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

SRC is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
SRC 1.26 Peers 5.63   SRC -103.26 Peers 1.60

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

SRC is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, SRC is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
SRC 8.82 Peers 9.88   SRC -5.85 Peers 5.17

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

SRC is trading at a discount to its subsector on this measurement.

 

Lower. A sales growth rate that trails the subsector implies that a company is losing market share.

SRC significantly trails its peers on the basis of sales growth.

 

 

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