GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GLP - US37946R1095
43.87 USD
+0.06 (+0.14%)
43.51 USD
-0.36 (-0.82%)
GLP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 208 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of GLP while its profitability can be described as average. GLP has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year GLP was profitable.
GLP had a positive operating cash flow in the past year.
In the past 5 years GLP has always been profitable.
GLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLP's Return On Assets of 1.93% is in line compared to the rest of the industry. GLP outperforms 42.31% of its industry peers.
With a decent Return On Equity value of 10.48%, GLP is doing good in the industry, outperforming 65.38% of the companies in the same industry.
GLP has a Return On Invested Capital of 6.69%. This is comparable to the rest of the industry: GLP outperforms 59.62% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLP is significantly below the industry average of 20.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.93% | ||
| ROE | 10.48% | ||
| ROIC | 6.69% |
ROA(3y)5.56%
ROA(5y)4.4%
ROE(3y)23.6%
ROE(5y)19.66%
ROIC(3y)9.44%
ROIC(5y)8.29%
1.3 Margins
GLP has a Profit Margin of 0.40%. This is in the lower half of the industry: GLP underperforms 66.35% of its industry peers.
In the last couple of years the Profit Margin of GLP has grown nicely.
GLP has a Operating Margin of 1.30%. This is in the lower half of the industry: GLP underperforms 73.08% of its industry peers.
GLP's Operating Margin has improved in the last couple of years.
GLP has a worse Gross Margin (5.90%) than 76.44% of its industry peers.
GLP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.3% | ||
| PM (TTM) | 0.4% | ||
| GM | 5.9% |
OM growth 3Y9.6%
OM growth 5Y5.99%
PM growth 3Y12.39%
PM growth 5Y17.64%
GM growth 3Y4.33%
GM growth 5Y3.99%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GLP is still creating some value.
The number of shares outstanding for GLP has been reduced compared to 1 year ago.
The number of shares outstanding for GLP has been reduced compared to 5 years ago.
The debt/assets ratio for GLP is higher compared to a year ago.
2.2 Solvency
GLP has a debt to FCF ratio of 11.40. This is a negative value and a sign of low solvency as GLP would need 11.40 years to pay back of all of its debts.
GLP has a Debt to FCF ratio (11.40) which is in line with its industry peers.
GLP has a Debt/Equity ratio of 2.33. This is a high value indicating a heavy dependency on external financing.
GLP has a worse Debt to Equity ratio (2.33) than 85.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 11.41 | ||
| Altman-Z | N/A |
ROIC/WACC0.8
WACC8.42%
2.3 Liquidity
GLP has a Current Ratio of 1.21. This is a normal value and indicates that GLP is financially healthy and should not expect problems in meeting its short term obligations.
GLP has a Current ratio (1.21) which is in line with its industry peers.
A Quick Ratio of 0.70 indicates that GLP may have some problems paying its short term obligations.
The Quick ratio of GLP (0.70) is worse than 67.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The earnings per share for GLP have decreased strongly by -35.50% in the last year.
Measured over the past years, GLP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.31% on average per year.
The Revenue has been growing slightly by 4.10% in the past year.
GLP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.58% yearly.
EPS 1Y (TTM)-35.5%
EPS 3Y23.25%
EPS 5Y16.31%
EPS Q2Q%-43.59%
Revenue 1Y (TTM)4.1%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%6.15%
3.2 Future
GLP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.29% yearly.
Based on estimates for the next years, GLP will show a very strong growth in Revenue. The Revenue will grow by 20.62% on average per year.
EPS Next Y-11.98%
EPS Next 2Y8.08%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue Next Year11.03%
Revenue Next 2Y25.62%
Revenue Next 3Y20.62%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GLP is valuated rather expensively with a Price/Earnings ratio of 20.12.
Compared to the rest of the industry, the Price/Earnings ratio of GLP is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.55. GLP is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 15.08 indicates a correct valuation of GLP.
The rest of the industry has a similar Price/Forward Earnings ratio as GLP.
GLP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.12 | ||
| Fwd PE | 15.08 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GLP is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, GLP is valued a bit cheaper than the industry average as 78.37% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.84 | ||
| EV/EBITDA | 8.47 |
4.3 Compensation for Growth
A more expensive valuation may be justified as GLP's earnings are expected to grow with 14.29% in the coming years.
PEG (NY)N/A
PEG (5Y)1.23
EPS Next 2Y8.08%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.83%, GLP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.83, GLP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, GLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.83% |
5.2 History
The dividend of GLP is nicely growing with an annual growth rate of 9.73%!
GLP has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.73%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
174.59% of the earnings are spent on dividend by GLP. This is not a sustainable payout ratio.
GLP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP174.59%
EPS Next 2Y8.08%
EPS Next 3Y14.29%
43.87
+0.06 (+0.14%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners48.59%
Inst Owner Change-16.4%
Ins Owners5.19%
Ins Owner Change1.37%
Market Cap1.49B
Revenue(TTM)18.10B
Net Income(TTM)71.54M
Analysts46.67
Price Target45.9 (4.63%)
Short Float %1.57%
Short Ratio8.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.83% |
Yearly Dividend3.6
Dividend Growth(5Y)9.73%
DP174.59%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-17.22%
Min EPS beat(2)-40.05%
Max EPS beat(2)5.61%
EPS beat(4)3
Avg EPS beat(4)342.05%
Min EPS beat(4)-40.05%
Max EPS beat(4)1288.12%
EPS beat(8)4
Avg EPS beat(8)112.29%
EPS beat(12)6
Avg EPS beat(12)73.43%
EPS beat(16)10
Avg EPS beat(16)135.26%
Revenue beat(2)0
Avg Revenue beat(2)-29.5%
Min Revenue beat(2)-35.54%
Max Revenue beat(2)-23.46%
Revenue beat(4)0
Avg Revenue beat(4)-26.74%
Min Revenue beat(4)-35.54%
Max Revenue beat(4)-19.38%
Revenue beat(8)0
Avg Revenue beat(8)-21.91%
Revenue beat(12)0
Avg Revenue beat(12)-16.45%
Revenue beat(16)4
Avg Revenue beat(16)-8.84%
PT rev (1m)-15.09%
PT rev (3m)-15.09%
EPS NQ rev (1m)-37.5%
EPS NQ rev (3m)-37.5%
EPS NY rev (1m)-26.94%
EPS NY rev (3m)-26.94%
Revenue NQ rev (1m)-1.13%
Revenue NQ rev (3m)-1.13%
Revenue NY rev (1m)-11.07%
Revenue NY rev (3m)-11.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.12 | ||
| Fwd PE | 15.08 | ||
| P/S | 0.08 | ||
| P/FCF | 9.84 | ||
| P/OCF | 5.94 | ||
| P/B | 2.19 | ||
| P/tB | 6.06 | ||
| EV/EBITDA | 8.47 |
EPS(TTM)2.18
EY4.97%
EPS(NY)2.91
Fwd EY6.63%
FCF(TTM)4.46
FCFY10.16%
OCF(TTM)7.38
OCFY16.83%
SpS532.35
BVpS20.07
TBVpS7.23
PEG (NY)N/A
PEG (5Y)1.23
Graham Number31.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.93% | ||
| ROE | 10.48% | ||
| ROCE | 8.47% | ||
| ROIC | 6.69% | ||
| ROICexc | 6.74% | ||
| ROICexgc | 8.01% | ||
| OM | 1.3% | ||
| PM (TTM) | 0.4% | ||
| GM | 5.9% | ||
| FCFM | 0.84% |
ROA(3y)5.56%
ROA(5y)4.4%
ROE(3y)23.6%
ROE(5y)19.66%
ROIC(3y)9.44%
ROIC(5y)8.29%
ROICexc(3y)9.47%
ROICexc(5y)8.32%
ROICexgc(3y)11.69%
ROICexgc(5y)10.23%
ROCE(3y)11.94%
ROCE(5y)10.49%
ROICexgc growth 3Y5.86%
ROICexgc growth 5Y4.63%
ROICexc growth 3Y6.72%
ROICexc growth 5Y5.22%
OM growth 3Y9.6%
OM growth 5Y5.99%
PM growth 3Y12.39%
PM growth 5Y17.64%
GM growth 3Y4.33%
GM growth 5Y3.99%
F-Score6
Asset Turnover4.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 11.41 | ||
| Debt/EBITDA | 4.2 | ||
| Cap/Depr | 69.34% | ||
| Cap/Sales | 0.55% | ||
| Interest Coverage | 2.05 | ||
| Cash Conversion | 66.43% | ||
| Profit Quality | 211.84% | ||
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | N/A |
F-Score6
WACC8.42%
ROIC/WACC0.8
Cap/Depr(3y)85.52%
Cap/Depr(5y)86.46%
Cap/Sales(3y)0.57%
Cap/Sales(5y)0.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-35.5%
EPS 3Y23.25%
EPS 5Y16.31%
EPS Q2Q%-43.59%
EPS Next Y-11.98%
EPS Next 2Y8.08%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue 1Y (TTM)4.1%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%6.15%
Revenue Next Year11.03%
Revenue Next 2Y25.62%
Revenue Next 3Y20.62%
Revenue Next 5YN/A
EBIT growth 1Y-11.26%
EBIT growth 3Y19.48%
EBIT growth 5Y11.91%
EBIT Next Year57.24%
EBIT Next 3Y19.08%
EBIT Next 5YN/A
FCF growth 1Y0.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1.99%
OCF growth 3Y-14.3%
OCF growth 5Y-19.66%
GLOBAL PARTNERS LP / GLP FAQ
Can you provide the ChartMill fundamental rating for GLOBAL PARTNERS LP?
ChartMill assigns a fundamental rating of 4 / 10 to GLP.
What is the valuation status for GLP stock?
ChartMill assigns a valuation rating of 4 / 10 to GLOBAL PARTNERS LP (GLP). This can be considered as Fairly Valued.
Can you provide the profitability details for GLOBAL PARTNERS LP?
GLOBAL PARTNERS LP (GLP) has a profitability rating of 5 / 10.
What is the financial health of GLOBAL PARTNERS LP (GLP) stock?
The financial health rating of GLOBAL PARTNERS LP (GLP) is 2 / 10.
What is the expected EPS growth for GLOBAL PARTNERS LP (GLP) stock?
The Earnings per Share (EPS) of GLOBAL PARTNERS LP (GLP) is expected to decline by -11.98% in the next year.