GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - NYSE:GLP - US37946R1095
43.46 USD
+1.1 (+2.6%)
43.46 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. There are concerns on the financial health of GLP while its profitability can be described as average. GLP has a decent growth rate and is not valued too expensively.
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
The Return On Assets of GLP (2.35%) is comparable to the rest of the industry.
GLP has a Return On Equity of 12.99%. This is in the better half of the industry: GLP outperforms 70.95% of its industry peers.
GLP has a better Return On Invested Capital (7.14%) than 63.81% of its industry peers.
GLP had an Average Return On Invested Capital over the past 3 years of 9.44%. This is significantly below the industry average of 21.85%.
| 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 Profit Margin of 0.50%. This is in the lower half of the industry: GLP underperforms 66.19% of its industry peers.
In the last couple of years the Profit Margin of GLP has grown nicely.
Looking at the Operating Margin, with a value of 1.40%, GLP is doing worse than 72.38% of the companies in the same industry.
GLP's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 6.07%, GLP is not doing good in the industry: 73.33% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GLP is still creating some value.
Compared to 1 year ago, GLP has less shares outstanding
The number of shares outstanding for GLP has been reduced compared to 5 years ago.
GLP has a worse debt/assets ratio than last year.
2.2 Solvency
GLP has a debt to FCF ratio of 6.74. This is a slightly negative value and a sign of low solvency as GLP would need 6.74 years to pay back of all of its debts.
GLP has a Debt to FCF ratio of 6.74. This is comparable to the rest of the industry: GLP outperforms 59.05% of its industry peers.
GLP has a Debt/Equity ratio of 2.32. This is a high value indicating a heavy dependency on external financing.
GLP's Debt to Equity ratio of 2.32 is on the low side compared to the rest of the industry. GLP is outperformed by 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | N/A |
ROIC/WACC0.88
WACC8.14%
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.
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 67.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
GLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -35.50%.
GLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.31% yearly.
GLP shows a small growth in Revenue. In the last year, the Revenue has grown by 4.07%.
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)4.07%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%6.15%
3.2 Future
The Earnings Per Share is expected to grow by 14.29% on average over the next years. This is quite good.
Based on estimates for the next years, GLP will show a quite strong growth in Revenue. The Revenue will grow by 19.98% on average per year.
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.
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
Based on the Price/Earnings ratio of 19.94, the valuation of GLP can be described as rather expensive.
GLP's Price/Earnings ratio is in line with the industry average.
GLP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.89.
GLP is valuated correctly with a Price/Forward Earnings ratio of 12.40.
Based on the Price/Forward Earnings ratio, GLP is valued a bit cheaper than 63.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.59. GLP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.94 | ||
| Fwd PE | 12.4 |
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.
GLP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GLP is cheaper than 90.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.9 | ||
| EV/EBITDA | 7.92 |
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)0.97
PEG (5Y)1.22
EPS Next 2Y18.64%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
GLP has a Yearly Dividend Yield of 7.13%, which is a nice return.
GLP's Dividend Yield is a higher than the industry average which is at 5.89.
Compared to an average S&P500 Dividend Yield of 2.36, GLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.13% |
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
137.85% of the earnings are spent on dividend by GLP. This is not a sustainable payout ratio.
GLP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP137.85%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
43.46
+1.1 (+2.6%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners47.65%
Inst Owner Change-16.38%
Ins Owners5.19%
Ins Owner Change1.57%
Market Cap1.48B
Revenue(TTM)17.16B
Net Income(TTM)89.12M
Analysts46.67
Price Target54.06 (24.39%)
Short Float %1.68%
Short Ratio6.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.13% |
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)0%
EPS NY rev (3m)4.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.94 | ||
| Fwd PE | 12.4 | ||
| P/S | 0.08 | ||
| P/FCF | 5.9 | ||
| P/OCF | 4.17 | ||
| P/B | 2.15 | ||
| P/tB | 5.95 | ||
| EV/EBITDA | 7.92 |
EPS(TTM)2.18
EY5.02%
EPS(NY)3.5
Fwd EY8.06%
FCF(TTM)7.37
FCFY16.96%
OCF(TTM)10.43
OCFY24%
SpS524.34
BVpS20.19
TBVpS7.31
PEG (NY)0.97
PEG (5Y)1.22
Graham Number31.47
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%
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-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
WACC8.14%
ROIC/WACC0.88
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)4.07%
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 1Y6.01%
EBIT growth 3Y19.48%
EBIT growth 5Y11.91%
EBIT Next Year72.72%
EBIT Next 3Y22.92%
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%
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.