Market cap
$5,989 Mln
Revenue (TTM)
$752 Mln
P/E Ratio
24
P/B Ratio
1.4
Div. Yield
6.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 2.86 | 6.87 | 10.89 | 16.72 | 6.89 |
| EBIT | -57.66 | -57.89 | -8.84 | 14.88 | 3.20 |
| Net Profit | -29.00 | -46.83 | 7.54 | 45.00 | 17.55 |
| EPS | -29.02 | -49.74 | -3.32 | 348.82 | 7.44 |
| Book Value | -- | -- | 1.89 | 0.49 | -1.91 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-22 | Dec-21 |
| EBIT-Margin
| 44.32 | 46.44 | 38.41 | 46.85 | 46.62 |
| Net Margin
| -- | -- | 34.41 | -- | -- |
| Return on equity
| 3.98 | 4.38 | 5.61 | 6.67 | 4.52 |
| Return on Capital
| 2.22 | 2.42 | -- | 3.69 | 2.52 |
| Return on Assets
| 2.18 | 2.38 | 2.98 | 3.61 | 2.50 |
| Debt to Equity (x)
| -- | -- | 0.85 | 0.80 | 0.83 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
--
|
3.69
|
2.52
|
0.45
|
3.28
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
5.61
Higher than Peers by 1.58
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
5.61
|
6.67
|
4.52
|
0.76
|
5.64
|
|
Peer Median
|
4.03
|
--
|
--
|
--
|
--
|
ROA
2.98
Higher than Peers by 1.01
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
2.98
|
3.61
|
2.50
|
0.44
|
3.21
|
|
Peer Median
|
1.96
|
--
|
--
|
--
|
--
|
EBIT Margin
38.41
Higher than Peers by 5.55
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
38.41
|
46.85
|
46.62
|
39.49
|
51.28
|
|
Peer Median
|
32.87
|
--
|
--
|
--
|
--
|
Net Margin
34.41
Higher than Peers by 16.44
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
34.41
|
40.47
|
28.30
|
5.54
|
34.21
|
|
Peer Median
|
17.97
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
10.89
Higher than Peers by 5.18
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
10.89
|
0.16
|
0.26
|
-0.06
|
0.21
|
|
Peer Median
|
5.71
|
--
|
--
|
--
|
--
|
EBIT Growth
-8.84
Lower than Peers by 19.94
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
-8.84
|
16.83
|
48.54
|
-27.53
|
29.39
|
|
Peer Median
|
11.10
|
--
|
--
|
--
|
--
|
Net Profit Growth
7.54
Lower than Peers by 0.48
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
7.54
|
66.29
|
542.89
|
-84.76
|
32.72
|
|
Peer Median
|
8.03
|
--
|
--
|
--
|
--
|
EPS Growth
-3.32
Lower than Peers by 7.44
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
-3.32
|
0.49
|
4.49
|
-0.85
|
0.11
|
|
Peer Median
|
4.12
|
--
|
--
|
--
|
--
|
Book Value Growth
-4.02
Lower than Peers by 2.26
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
-4.02
|
--
|
--
|
--
|
--
|
|
Peer Median
|
-1.76
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.85
Lower than Peers by 0.07
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
0.85
|
0.80
|
0.83
|
0.76
|
0.66
|
|
Peer Median
|
0.92
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
--
|
0.01
|
0.07
|
0.06
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.08
Lower than Peers by 0.09
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
1.08
|
0.30
|
0.08
|
0.57
|
0.20
|
|
Peer Median
|
1.17
|
--
|
--
|
--
|
--
|
Quick Ratio
1.05
Lower than Peers by 0.00
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
1.05
|
0.27
|
0.06
|
0.53
|
0.14
|
|
Peer Median
|
1.05
|
--
|
--
|
--
|
--
|
Interest Coverage
2.91
Higher than Peers by 0.89
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
2.91
|
2.81
|
2.86
|
1.93
|
2.77
|
|
Peer Median
|
2.02
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
7.04
Lower than Peers by 11.25
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
7.04
|
3.26
|
1.72
|
26.97
|
6.73
|
|
Peer Median
|
18.28
|
--
|
--
|
--
|
--
|
Asset Turnover
0.09
Lower than Peers by 0.02
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
0.09
|
0.09
|
0.09
|
0.08
|
0.09
|
|
Peer Median
|
0.11
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
--
|
8.67
|
42.29
|
62.31
|
29.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
--
|
91.01
|
117.02
|
163.36
|
340.56
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
--
|
2,500.73
|
2,812.84
|
2,285.30
|
2,536.27
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
--
|
-2,401.06
|
-2,653.52
|
-2,059.62
|
-2,166.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
24.04
Lower than Peers by 13.76
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
24.04
|
18.83
|
33.76
|
154.43
|
28.69
|
|
Peer Median
|
37.80
|
--
|
--
|
--
|
--
|
Price / Book Value
1.38
Lower than Peers by 0.25
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
1.38
|
1.18
|
1.45
|
1.15
|
1.47
|
|
Peer Median
|
1.64
|
--
|
--
|
--
|
--
|
Dividend Yield
6.33
Higher than Peers by 2.11
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
6.33
|
--
|
--
|
--
|
--
|
|
Peer Median
|
4.23
|
--
|
--
|
--
|
--
|
EV/EBITDA
13.89
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
13.89
|
1.72
|
5.00
|
16.81
|
16.62
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
5,989
Higher than Peers by 5,538
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Spirit Realty Capital (SRC)
|
5,989
|
--
|
--
|
--
|
--
|
|
Peer Median
|
451
|
--
|
--
|
--
|
--
|