GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
NYSE:GLP - New York Stock Exchange, Inc. - US37946R1095 - Currency: USD
GLP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 210 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 valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GLP was profitable.
In the past year GLP had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 3.09%, GLP is doing worse than 63.05% of the companies in the same industry.
The Return On Equity of GLP (15.64%) is better than 64.04% of its industry peers.
GLP has a Return On Invested Capital (7.78%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLP is significantly below the industry average of 28.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 15.64% | ||
| ROIC | 7.78% |
ROA(3y)5.36%
ROA(5y)4.16%
ROE(3y)22.59%
ROE(5y)18.57%
ROIC(3y)9.03%
ROIC(5y)7.98%
1.3 Margins
Looking at the Profit Margin, with a value of 0.65%, GLP is doing worse than 72.41% of the companies in the same industry.
In the last couple of years the Profit Margin of GLP has remained more or less at the same level.
The Operating Margin of GLP (1.52%) is worse than 79.80% of its industry peers.
GLP's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 6.15%, GLP is doing worse than 76.85% of the companies in the same industry.
GLP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.52% | ||
| PM (TTM) | 0.65% | ||
| GM | 6.15% |
OM growth 3Y-14.4%
OM growth 5Y-1.52%
PM growth 3Y-11.75%
PM growth 5Y-0.32%
GM growth 3Y-12%
GM growth 5Y2.85%
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 about the same amount of shares outstanding.
The number of shares outstanding for GLP has been increased compared to 5 years ago.
GLP has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of GLP is 39.81, which is on the high side as it means it would take GLP, 39.81 years of fcf income to pay off all of its debts.
GLP has a worse Debt to FCF ratio (39.81) than 64.53% of its industry peers.
GLP has a Debt/Equity ratio of 2.07. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.07, GLP is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.07 | ||
| Debt/FCF | 39.81 | ||
| Altman-Z | N/A |
ROIC/WACC0.94
WACC8.24%
2.3 Liquidity
GLP has a Current Ratio of 1.14. This is a normal value and indicates that GLP is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.14, GLP is in line with its industry, outperforming 45.32% of the companies in the same industry.
GLP has a Quick Ratio of 1.14. This is a bad value and indicates that GLP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.64, GLP is doing worse than 77.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
The earnings per share for GLP have decreased strongly by -13.11% in the last year.
Measured over the past years, GLP shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.33% on average per year.
GLP shows a small growth in Revenue. In the last year, the Revenue has grown by 5.31%.
Measured over the past years, GLP shows a small growth in Revenue. The Revenue has been growing by 5.41% on average per year.
EPS 1Y (TTM)-13.11%
EPS 3Y10.46%
EPS 5Y21.33%
EPS Q2Q%95%
Revenue 1Y (TTM)5.31%
Revenue growth 3Y25.61%
Revenue growth 5Y5.41%
Sales Q2Q%4.77%
3.2 Future
The Earnings Per Share is expected to decrease by -17.89% on average over the next years. This is quite bad
GLP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.97% yearly.
EPS Next Y-42.78%
EPS Next 2Y-17.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.98%
Revenue Next 2Y21.97%
Revenue Next 3YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.08 indicates a rather expensive valuation of GLP.
GLP's Price/Earnings is on the same level as the industry average.
GLP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.62.
GLP is valuated rather expensively with a Price/Forward Earnings ratio of 22.77.
Based on the Price/Forward Earnings ratio, GLP is valued a bit more expensive than the industry average as 62.07% of the companies are valued more cheaply.
GLP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.08 | ||
| Fwd PE | 22.77 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GLP.
GLP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.48 | ||
| EV/EBITDA | 9.27 |
4.3 Compensation for Growth
GLP's earnings are expected to decrease with -17.89% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.8
EPS Next 2Y-17.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.94%, GLP is a good candidate for dividend investing.
GLP's Dividend Yield is a higher than the industry average which is at 6.67.
Compared to an average S&P500 Dividend Yield of 2.27, GLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
5.2 History
The dividend of GLP is nicely growing with an annual growth rate of 16.87%!
GLP has paid a dividend for at least 10 years, which is a reliable track record.
GLP has decreased its dividend recently.
Dividend Growth(5Y)16.87%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
106.91% of the earnings are spent on dividend by GLP. This is not a sustainable payout ratio.
GLP's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP106.91%
EPS Next 2Y-17.89%
EPS Next 3YN/A
NYSE:GLP (2/24/2025, 10:29:00 AM)
57.725
-0.5 (-0.87%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners45.31%
Inst Owner Change-55.46%
Ins Owners10.07%
Ins Owner Change2.06%
Market Cap1.96B
Analysts80
Price Target55.08 (-4.58%)
Short Float %3.69%
Short Ratio9.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
Yearly Dividend4.27
Dividend Growth(5Y)16.87%
DP106.91%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-24.49%
Min EPS beat(2)-26.22%
Max EPS beat(2)-22.77%
EPS beat(4)1
Avg EPS beat(4)-117.48%
Min EPS beat(4)-466.34%
Max EPS beat(4)45.42%
EPS beat(8)3
Avg EPS beat(8)-60.88%
EPS beat(12)7
Avg EPS beat(12)66.33%
EPS beat(16)9
Avg EPS beat(16)39.41%
Revenue beat(2)0
Avg Revenue beat(2)-23.14%
Min Revenue beat(2)-25.49%
Max Revenue beat(2)-20.79%
Revenue beat(4)0
Avg Revenue beat(4)-17.07%
Min Revenue beat(4)-25.49%
Max Revenue beat(4)-0.63%
Revenue beat(8)0
Avg Revenue beat(8)-11.31%
Revenue beat(12)4
Avg Revenue beat(12)-2.88%
Revenue beat(16)4
Avg Revenue beat(16)-7.43%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-33.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-8.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.08 | ||
| Fwd PE | 22.77 | ||
| P/S | 0.11 | ||
| P/FCF | 45.48 | ||
| P/OCF | 14.67 | ||
| P/B | 2.71 | ||
| P/tB | 6.97 | ||
| EV/EBITDA | 9.27 |
EPS(TTM)3.38
EY5.86%
EPS(NY)2.54
Fwd EY4.39%
FCF(TTM)1.27
FCFY2.2%
OCF(TTM)3.94
OCFY6.82%
SpS511.37
BVpS21.27
TBVpS8.28
PEG (NY)N/A
PEG (5Y)0.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 15.64% | ||
| ROCE | 9.85% | ||
| ROIC | 7.78% | ||
| ROICexc | 7.84% | ||
| ROICexgc | 9.4% | ||
| OM | 1.52% | ||
| PM (TTM) | 0.65% | ||
| GM | 6.15% | ||
| FCFM | 0.25% |
ROA(3y)5.36%
ROA(5y)4.16%
ROE(3y)22.59%
ROE(5y)18.57%
ROIC(3y)9.03%
ROIC(5y)7.98%
ROICexc(3y)9.07%
ROICexc(5y)8.01%
ROICexgc(3y)11.27%
ROICexgc(5y)9.9%
ROCE(3y)11.43%
ROCE(5y)10.1%
ROICexcg growth 3Y1.43%
ROICexcg growth 5Y-4.31%
ROICexc growth 3Y1.13%
ROICexc growth 5Y-3.31%
OM growth 3Y-14.4%
OM growth 5Y-1.52%
PM growth 3Y-11.75%
PM growth 5Y-0.32%
GM growth 3Y-12%
GM growth 5Y2.85%
F-Score6
Asset Turnover4.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.07 | ||
| Debt/FCF | 39.81 | ||
| Debt/EBITDA | 3.78 | ||
| Cap/Depr | 68.36% | ||
| Cap/Sales | 0.52% | ||
| Interest Coverage | 2.93 | ||
| Cash Conversion | 33.72% | ||
| Profit Quality | 38.15% | ||
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.64 | ||
| Altman-Z | N/A |
F-Score6
WACC8.24%
ROIC/WACC0.94
Cap/Depr(3y)94.04%
Cap/Depr(5y)86.99%
Cap/Sales(3y)0.62%
Cap/Sales(5y)0.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.11%
EPS 3Y10.46%
EPS 5Y21.33%
EPS Q2Q%95%
EPS Next Y-42.78%
EPS Next 2Y-17.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.31%
Revenue growth 3Y25.61%
Revenue growth 5Y5.41%
Sales Q2Q%4.77%
Revenue Next Year13.98%
Revenue Next 2Y21.97%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y9.75%
EBIT growth 3Y7.52%
EBIT growth 5Y3.81%
EBIT Next Year77.71%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-89.87%
FCF growth 3Y21.49%
FCF growth 5Y33.55%
OCF growth 1Y-74.66%
OCF growth 3Y17.92%
OCF growth 5Y24.85%