GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GLP - US37946R1095
43.98 USD
+0.35 (+0.8%)
43.98 USD
0 (0%)
Taking everything into account, GLP scores 4 out of 10 in our fundamental rating. GLP was compared to 210 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. 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.
GLP had positive earnings in each of the past 5 years.
In the past 5 years GLP always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 1.93%, GLP perfoms like the industry average, outperforming 41.90% of the companies in the same industry.
Looking at the Return On Equity, with a value of 10.48%, GLP is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
GLP has a Return On Invested Capital (6.69%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for GLP is significantly below the industry average of 21.41%.
| 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's Profit Margin of 0.40% is on the low side compared to the rest of the industry. GLP is outperformed by 66.19% of its industry peers.
GLP's Profit Margin has improved in the last couple of years.
GLP's Operating Margin of 1.30% is on the low side compared to the rest of the industry. GLP is outperformed by 72.86% of its industry peers.
In the last couple of years the Operating Margin of GLP has grown nicely.
GLP has a worse Gross Margin (5.90%) than 75.71% 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.
GLP has less shares outstanding than it did 1 year ago.
GLP has less shares outstanding than it did 5 years ago.
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 52.86% of 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 Debt to Equity ratio of 2.33. This is amonst the worse of the industry: GLP underperforms 84.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 11.41 | ||
| Altman-Z | N/A |
ROIC/WACC0.8
WACC8.4%
2.3 Liquidity
A Current Ratio of 1.21 indicates that GLP should not have too much problems paying 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.
With a Quick ratio value of 0.70, GLP is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| 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.
The Earnings Per Share has been growing by 16.31% on average over the past years. This is quite good.
Looking at the last year, GLP shows a small growth in Revenue. The Revenue has grown by 4.10% in the last 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
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.
GLP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.98% yearly.
EPS Next Y20.47%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue Next Year24.85%
Revenue Next 2Y26.55%
Revenue Next 3Y19.98%
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 stable.
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 20.17, GLP is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of GLP is on the same level as its industry peers.
GLP is valuated rather cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.55, the valuation of GLP can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLP is on the same level as its industry peers.
GLP is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.17 | ||
| Fwd PE | 12.55 |
4.2 Price Multiples
GLP's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GLP indicates a somewhat cheap valuation: GLP is cheaper than 77.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.87 | ||
| EV/EBITDA | 8.45 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GLP's earnings are expected to grow with 14.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.99
PEG (5Y)1.24
EPS Next 2Y18.64%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
GLP has a Yearly Dividend Yield of 6.92%, which is a nice return.
Compared to an average industry Dividend Yield of 5.90, 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 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.92% |
5.2 History
The dividend of GLP is nicely growing with an annual growth rate of 9.73%!
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
GLP pays out 174.59% of its income as dividend. 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 2Y18.64%
EPS Next 3Y14.29%
43.98
+0.35 (+0.8%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners47.65%
Inst Owner Change-16.4%
Ins Owners5.19%
Ins Owner Change1.43%
Market Cap1.50B
Revenue(TTM)18.10B
Net Income(TTM)71.54M
Analysts46.67
Price Target45.9 (4.37%)
Short Float %1.68%
Short Ratio7.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.92% |
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)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.13%
Revenue NQ rev (3m)-1.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.17 | ||
| Fwd PE | 12.55 | ||
| P/S | 0.08 | ||
| P/FCF | 9.87 | ||
| P/OCF | 5.96 | ||
| P/B | 2.19 | ||
| P/tB | 6.08 | ||
| EV/EBITDA | 8.45 |
EPS(TTM)2.18
EY4.96%
EPS(NY)3.5
Fwd EY7.97%
FCF(TTM)4.46
FCFY10.13%
OCF(TTM)7.38
OCFY16.79%
SpS532.35
BVpS20.07
TBVpS7.23
PEG (NY)0.99
PEG (5Y)1.24
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
WACC8.4%
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 Y20.47%
EPS Next 2Y18.64%
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 Year24.85%
Revenue Next 2Y26.55%
Revenue Next 3Y19.98%
Revenue Next 5YN/A
EBIT growth 1Y-11.26%
EBIT growth 3Y19.48%
EBIT growth 5Y11.91%
EBIT Next Year72.72%
EBIT Next 3Y22.92%
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 5 / 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 grow by 20.47% in the next year.