Saul Centers, Inc. (BFS.PE) stock analysis

P/E above its 5-year median

Saul Centers's P/E of 30.0 is above its own 5-year median of 23.6.

P/E above the industry

Saul Centers's P/E of 30.0 is above the Miscellaneous Investing median of 25.0.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/B above the industry

Saul Centers's price-to-book of 2.43 is above the Miscellaneous Investing median of 1.20.

Trading below fair value

The share price of $29.09 is below our fair value estimate of $59.07.

Margin of safety over 20%

The price is 50.8% below fair value, more than the 20% cushion we look for.

Revenue growing under 10% a year

Revenue grew 5.6% a year over the last three fiscal years, short of the 10% we look for.

EPS growing under 10% a year

Diluted EPS grew -12.6% a year over the last three fiscal years.

Earnings growth not accelerating

Net income grew -19.1% over the last twelve months, against a 5-year average of -1.5% a year.

Growing faster than the industry

Revenue grew 8.7% over the last twelve months; the Miscellaneous Investing median is 4.4%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin trend

This company does not report gross profit.

Return on equity under 15%

Return on equity was 11.3% over the last twelve months and averaged 13.1% over five years; we look for 15% on both.

Return on capital over 10%

Return on invested capital was 52.7%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

Saul Centers's return on equity of 11.3% is above the Miscellaneous Investing median of 3.4%.

Earnings shrank over 5 years

Net income shrank 1.5% a year on average over the last five fiscal years.

Net margin below its 5-year average

Net margin was 11.5% over the last twelve months, against a 5-year average of 18.6%.

Net margin above the industry

Saul Centers's net margin of 11.5% is above the Miscellaneous Investing median of 11.4%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt coverage

Needs operating cash flow.

Interest not well covered

Operating income covers interest expense 2.6 times; we look for at least 5.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Elevated bankruptcy risk

The Altman Z-score is 0.47; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Saul Centers paid dividends worth 8.1% of the share price over the last twelve months.

Yield above Treasuries

The 8.1% yield is above the 4.4% on a 1-year Treasury.

Yield in the top quarter

The top quarter of US dividend payers yield 4.0% or more; Saul Centers yields 8.1%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

Not covered by earnings

Dividends take 165% of net income, leaving little room.

Cash-flow cover

Needs dividends paid and free cash flow.