GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GLP - US37946R1095
44.52 USD
-0.32 (-0.71%)
44.52 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to GLP. GLP was compared to 209 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
GLP had positive earnings in the past year.
GLP had a positive operating cash flow in the past year.
Each year in the past 5 years GLP has been profitable.
Each year in the past 5 years GLP had a positive operating cash flow.
1.2 Ratios
GLP has a Return On Assets of 1.93%. This is comparable to the rest of the industry: GLP outperforms 42.58% of its industry peers.
GLP has a better Return On Equity (10.48%) than 65.55% of its industry peers.
With a Return On Invested Capital value of 6.69%, GLP perfoms like the industry average, outperforming 59.33% of the companies in the same industry.
GLP had an Average Return On Invested Capital over the past 3 years of 9.44%. This 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
With a Profit Margin value of 0.40%, GLP is not doing good in the industry: 66.03% of the companies in the same industry are doing better.
GLP's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 1.30%, GLP is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
GLP's Operating Margin has improved in the last couple of years.
GLP has a worse Gross Margin (5.90%) than 76.08% of its industry peers.
In the last couple of years the Gross Margin of GLP has grown nicely.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GLP is creating some value.
The number of shares outstanding for GLP has been reduced compared to 1 year ago.
GLP has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, GLP has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of GLP is 11.40, which is on the high side as it means it would take GLP, 11.40 years of fcf income to pay off all of its debts.
GLP has a Debt to FCF ratio (11.40) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.33 is on the high side and indicates that GLP has dependencies on debt financing.
GLP has a Debt to Equity ratio of 2.33. This is amonst the worse of the industry: GLP underperforms 84.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 11.41 | ||
| Altman-Z | N/A |
ROIC/WACC0.8
WACC8.38%
2.3 Liquidity
A Current Ratio of 1.21 indicates that GLP should not have too much problems paying its short term obligations.
The Current ratio of GLP (1.21) is comparable to the rest of the industry.
GLP has a Quick Ratio of 1.21. This is a bad value and indicates that GLP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of GLP (0.70) is worse than 67.46% 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.
GLP shows a small growth in Revenue. In the last year, the Revenue has grown by 4.10%.
Measured over the past years, GLP shows a small growth in Revenue. The Revenue has been growing by 5.58% on average per year.
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
Based on estimates for the next years, GLP will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.29% on average per year.
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
With a Price/Earnings ratio of 20.42, GLP is valued on the expensive side.
GLP's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.34. GLP is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 15.31 indicates a correct valuation of GLP.
GLP's Price/Forward Earnings ratio is in line with the industry average.
GLP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.42 | ||
| Fwd PE | 15.31 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GLP.
78.47% of the companies in the same industry are more expensive than GLP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.99 | ||
| EV/EBITDA | 8.53 |
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)1.25
EPS Next 2Y8.08%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
GLP has a Yearly Dividend Yield of 6.61%, which is a nice return.
Compared to an average industry Dividend Yield of 5.71, GLP pays a bit more dividend than its industry peers.
GLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.61% |
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.
The dividend of GLP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP174.59%
EPS Next 2Y8.08%
EPS Next 3Y14.29%
44.52
-0.32 (-0.71%)
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 Change1.55%
Market Cap1.51B
Revenue(TTM)18.10B
Net Income(TTM)71.54M
Analysts46.67
Price Target45.9 (3.1%)
Short Float %1.57%
Short Ratio8.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.61% |
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 | 20.42 | ||
| Fwd PE | 15.31 | ||
| P/S | 0.08 | ||
| P/FCF | 9.99 | ||
| P/OCF | 6.03 | ||
| P/B | 2.22 | ||
| P/tB | 6.15 | ||
| EV/EBITDA | 8.53 |
EPS(TTM)2.18
EY4.9%
EPS(NY)2.91
Fwd EY6.53%
FCF(TTM)4.46
FCFY10.01%
OCF(TTM)7.38
OCFY16.58%
SpS532.35
BVpS20.07
TBVpS7.23
PEG (NY)N/A
PEG (5Y)1.25
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
WACC8.38%
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.