Taking everything into account, GLP scores 4 out of 10 in our fundamental rating. GLP was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. While GLP is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, GLP is valued expensive at the moment.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year GLP was profitable.
GLP had a positive operating cash flow in the past year.
Each year in the past 5 years GLP has been profitable.
GLP had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

GLP has a Return On Assets (1.93%) which is in line with its industry peers.
With a decent Return On Equity value of 10.48%, GLP is doing good in the industry, outperforming 64.73% of the companies in the same industry.
With a decent Return On Invested Capital value of 6.69%, GLP is doing good in the industry, outperforming 60.87% 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 21.94%.

		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

Looking at the Profit Margin, with a value of 0.40%, GLP is doing worse than 66.67% of the companies in the same industry.
GLP's Profit Margin has improved in the last couple of years.
The Operating Margin of GLP (1.30%) is worse than 71.50% of its industry peers.
GLP's Operating Margin has improved in the last couple of years.
The Gross Margin of GLP (5.90%) is worse than 74.88% 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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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.
Compared to 1 year ago, GLP has less shares outstanding
Compared to 5 years ago, GLP has less shares outstanding
GLP has a worse debt/assets ratio than last year.

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's Debt to FCF ratio of 11.40 is in line compared to the rest of the industry. GLP outperforms 52.66% of its industry peers.
A Debt/Equity ratio of 2.33 is on the high side and indicates that GLP has dependencies on debt financing.
The Debt to Equity ratio of GLP (2.33) is worse than 83.09% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	2.33
Debt/FCF	11.41
Altman-Z	N/A

ROIC/WACC0.79

WACC8.48%

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 66.18% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.21
Quick Ratio	0.7

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for GLP have decreased strongly by -35.50% in the last year.
GLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.31% yearly.
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 a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.28% yearly.
GLP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.62% yearly.

EPS Next Y-11.98%

EPS Next 2Y8.08%

EPS Next 3Y6.28%

EPS Next 5YN/A

Revenue Next Year11.03%

Revenue Next 2Y25.62%

Revenue Next 3Y20.62%

Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 20.80 indicates a rather expensive valuation of GLP.
The rest of the industry has a similar Price/Earnings ratio as GLP.
Compared to an average S&P500 Price/Earnings ratio of 27.25, GLP is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.59, which indicates a correct valuation of GLP.
GLP's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, GLP is valued a bit cheaper.

		Industry Rank	Sector Rank
PE	20.8
Fwd PE	15.59

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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GLP indicates a somewhat cheap valuation: GLP is cheaper than 79.23% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	10.17
EV/EBITDA	8.61

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)1.28

EPS Next 2Y8.08%

EPS Next 3Y6.28%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.78%, GLP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.73, 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 1.82.

		Industry Rank	Sector Rank
Dividend Yield	6.78%

5.2 History

On average, the dividend of GLP grows each year by 9.73%, which is quite nice.
GLP has been paying a dividend for at least 10 years, so it has 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 slower than its dividend. This means the dividend growth is not sustainable.

DP174.59%

EPS Next 2Y8.08%

EPS Next 3Y6.28%

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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 of GLOBAL PARTNERS LP (GLP) stock?

ChartMill assigns a valuation rating of 3 / 10 to GLOBAL PARTNERS LP (GLP). This can be considered as Overvalued.

Can you provide the profitability details for GLOBAL PARTNERS LP?

GLOBAL PARTNERS LP (GLP) has a profitability rating of 5 / 10.

Can you provide the PE and PB ratios for GLP stock?

The Price/Earnings (PE) ratio for GLOBAL PARTNERS LP (GLP) is 20.8 and the Price/Book (PB) ratio is 2.26.

Can you provide the dividend sustainability for GLP stock?

The dividend rating of GLOBAL PARTNERS LP (GLP) is 5 / 10 and the dividend payout ratio is 174.59%.