GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - NYSE:GLP - US37946R1095
50.33 USD
-1.95 (-3.73%)
50.33 USD
0 (0%)
Overall GLP gets a fundamental rating of 4 out of 10. We evaluated GLP against 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 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.
In the past 5 years GLP has always been profitable.
Each year in the past 5 years GLP had a positive operating cash flow.
1.2 Ratios
GLP's Return On Assets of 2.35% is in line compared to the rest of the industry. GLP outperforms 44.29% of its industry peers.
Looking at the Return On Equity, with a value of 12.99%, GLP is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
GLP has a Return On Invested Capital of 7.14%. This is in the better half of the industry: GLP outperforms 62.86% 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 21.90%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 12.99% | ||
| ROIC | 7.14% |
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 worse Profit Margin (0.50%) than 65.24% of its industry peers.
GLP's Profit Margin has improved in the last couple of years.
The Operating Margin of GLP (1.40%) is worse than 72.86% of its industry peers.
In the last couple of years the Operating Margin of GLP has grown nicely.
With a Gross Margin value of 6.07%, GLP is not doing good in the industry: 73.81% of the companies in the same industry are doing better.
GLP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.4% | ||
| PM (TTM) | 0.5% | ||
| GM | 6.07% |
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
GLP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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 6.74, which is on the high side as it means it would take GLP, 6.74 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of GLP (6.74) is comparable to the rest of the industry.
A Debt/Equity ratio of 2.32 is on the high side and indicates that GLP has dependencies on debt financing.
The Debt to Equity ratio of GLP (2.32) is worse than 82.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | N/A |
ROIC/WACC0.85
WACC8.43%
2.3 Liquidity
GLP has a Current Ratio of 1.18. This is a normal value and indicates that GLP is financially healthy and should not expect problems in meeting its short term obligations.
GLP's Current ratio of 1.18 is in line compared to the rest of the industry. GLP outperforms 51.90% of its industry peers.
GLP has a Quick Ratio of 1.18. This is a bad value and indicates that GLP is not financially healthy enough and could expect problems in meeting its short term obligations.
GLP's Quick ratio of 0.70 is on the low side compared to the rest of the industry. GLP is outperformed by 68.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The earnings per share for GLP have decreased by -4.27% 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 3.74%.
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)-4.27%
EPS 3Y23.25%
EPS 5Y16.31%
EPS Q2Q%-45.3%
Revenue 1Y (TTM)3.74%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%4.93%
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.
The Revenue is expected to grow by 19.98% on average over the next years. This is quite good.
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
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
With a Price/Earnings ratio of 18.71, GLP is valued on the expensive side.
GLP's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of GLP to the average of the S&P500 Index (27.27), we can say GLP is valued slightly cheaper.
The Price/Forward Earnings ratio is 14.36, which indicates a correct valuation of GLP.
The rest of the industry has a similar Price/Forward Earnings ratio as GLP.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.77, GLP is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.71 | ||
| Fwd PE | 14.36 |
4.2 Price Multiples
GLP's Enterprise Value to EBITDA ratio is in line with the industry average.
GLP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GLP is cheaper than 86.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.83 | ||
| EV/EBITDA | 8.61 |
4.3 Compensation for Growth
GLP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as GLP's earnings are expected to grow with 14.29% in the coming years.
PEG (NY)0.91
PEG (5Y)1.15
EPS Next 2Y18.64%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
GLP has a Yearly Dividend Yield of 5.80%, which is a nice return.
Compared to an average industry Dividend Yield of 6.15, 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
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
GLP pays out 137.85% of its income as dividend. This is not a sustainable payout ratio.
The dividend of GLP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP137.85%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
50.33
-1.95 (-3.73%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners47.57%
Inst Owner Change16.22%
Ins Owners4.54%
Ins Owner Change1.34%
Market Cap1.71B
Analysts46.67
Price Target54.06 (7.41%)
Short Float %1.97%
Short Ratio10.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
Yearly Dividend3.6
Dividend Growth(5Y)9.73%
DP137.85%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)646.87%
Min EPS beat(2)5.61%
Max EPS beat(2)1288.12%
EPS beat(4)3
Avg EPS beat(4)345.51%
Min EPS beat(4)-26.22%
Max EPS beat(4)1288.12%
EPS beat(8)4
Avg EPS beat(8)115.56%
EPS beat(12)7
Avg EPS beat(12)87.79%
EPS beat(16)11
Avg EPS beat(16)139.88%
Revenue beat(2)0
Avg Revenue beat(2)-21.42%
Min Revenue beat(2)-23.46%
Max Revenue beat(2)-19.38%
Revenue beat(4)0
Avg Revenue beat(4)-24.23%
Min Revenue beat(4)-28.57%
Max Revenue beat(4)-19.38%
Revenue beat(8)0
Avg Revenue beat(8)-17.71%
Revenue beat(12)1
Avg Revenue beat(12)-12.55%
Revenue beat(16)4
Avg Revenue beat(16)-7.54%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)28.24%
EPS NY rev (1m)4.58%
EPS NY rev (3m)4.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.63%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.71 | ||
| Fwd PE | 14.36 | ||
| P/S | 0.1 | ||
| P/FCF | 6.83 | ||
| P/OCF | 4.82 | ||
| P/B | 2.49 | ||
| P/tB | 6.89 | ||
| EV/EBITDA | 8.61 |
EPS(TTM)2.69
EY5.34%
EPS(NY)3.5
Fwd EY6.96%
FCF(TTM)7.37
FCFY14.65%
OCF(TTM)10.43
OCFY20.73%
SpS524.34
BVpS20.19
TBVpS7.31
PEG (NY)0.91
PEG (5Y)1.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 12.99% | ||
| ROCE | 9.04% | ||
| ROIC | 7.14% | ||
| ROICexc | 7.18% | ||
| ROICexgc | 8.55% | ||
| OM | 1.4% | ||
| PM (TTM) | 0.5% | ||
| GM | 6.07% | ||
| FCFM | 1.41% |
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%
ROICexcg growth 3Y5.86%
ROICexcg 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-Score7
Asset Turnover4.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 6.74 | ||
| Debt/EBITDA | 4.05 | ||
| Cap/Depr | 72.26% | ||
| Cap/Sales | 0.58% | ||
| Interest Coverage | 1.92 | ||
| Cash Conversion | 90.2% | ||
| Profit Quality | 281.27% | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | N/A |
F-Score7
WACC8.43%
ROIC/WACC0.85
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)-4.27%
EPS 3Y23.25%
EPS 5Y16.31%
EPS Q2Q%-45.3%
EPS Next Y20.47%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue 1Y (TTM)3.74%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%4.93%
Revenue Next Year24.85%
Revenue Next 2Y26.55%
Revenue Next 3Y19.98%
Revenue Next 5YN/A
EBIT growth 1Y6.01%
EBIT growth 3Y19.48%
EBIT growth 5Y11.91%
EBIT Next Year71.37%
EBIT Next 3Y21.09%
EBIT Next 5YN/A
FCF growth 1Y4.88%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.11%
OCF growth 3Y-14.3%
OCF growth 5Y-19.66%