GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GLP - US37946R1095
42.64 USD
+0.74 (+1.77%)
42.64 USD
0 (0%)
Taking everything into account, GLP scores 4 out of 10 in our fundamental rating. GLP was compared to 208 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 correct valuation and a medium 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.
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 comparable to the rest of the industry.
GLP has a better Return On Equity (10.48%) than 64.90% of its industry peers.
GLP's Return On Invested Capital of 6.69% is fine compared to the rest of the industry. GLP outperforms 61.06% 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 21.28%.
| 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 has a Profit Margin of 0.40%. This is in the lower half of the industry: GLP underperforms 66.83% 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 71.63% of its industry peers.
In the last couple of years the Operating Margin of GLP has grown nicely.
With a Gross Margin value of 5.90%, GLP is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
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
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.
Compared to 5 years ago, GLP has less shares outstanding
GLP has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of GLP is 11.40, which is on the high side as it means it would take GLP, 11.40 years of fcf income to pay off 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 52.88% 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.
Looking at the Debt to Equity ratio, with a value of 2.33, GLP is doing worse than 82.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 11.41 | ||
| Altman-Z | N/A |
ROIC/WACC0.81
WACC8.23%
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.
The Current ratio of GLP (1.21) is comparable to the rest of the industry.
A Quick Ratio of 0.70 indicates that GLP may have some problems paying 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 65.87% of its industry peers.
| 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.
The Revenue has been growing slightly by 4.10% in the past year.
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)4.1%
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.
Based on estimates for the next years, GLP will show a very strong growth in Revenue. The Revenue will grow by 20.62% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 19.56, which indicates a rather expensive current valuation of GLP.
GLP's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.19. GLP is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 14.66, GLP is valued correctly.
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 23.88, GLP is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.56 | ||
| Fwd PE | 14.66 |
4.2 Price Multiples
GLP's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, GLP is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.57 | ||
| EV/EBITDA | 8.3 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.2
EPS Next 2Y8.08%
EPS Next 3Y6.28%
5. Dividend
5.1 Amount
GLP has a Yearly Dividend Yield of 9.21%, which is a nice return.
GLP's Dividend Yield is a higher than the industry average which is at 3.96.
Compared to an average S&P500 Dividend Yield of 1.94, GLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.21% |
5.2 History
On average, the dividend of GLP grows each year by 9.73%, which is quite nice.
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 174.59% of its income as dividend. This is not a sustainable payout ratio.
The dividend of GLP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP174.59%
EPS Next 2Y8.08%
EPS Next 3Y6.28%
42.64
+0.74 (+1.77%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners48.52%
Inst Owner Change0%
Ins Owners5.19%
Ins Owner Change1.74%
Market Cap1.45B
Revenue(TTM)18.10B
Net Income(TTM)71.54M
Analysts46.67
Price Target45.9 (7.65%)
Short Float %1.44%
Short Ratio7.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.21% |
Yearly Dividend3.6
Dividend Growth(5Y)9.73%
DP174.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0%
PT rev (3m)-15.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-37.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-26.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-11.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.56 | ||
| Fwd PE | 14.66 | ||
| P/S | 0.08 | ||
| P/FCF | 9.57 | ||
| P/OCF | 5.78 | ||
| P/B | 2.12 | ||
| P/tB | 5.89 | ||
| EV/EBITDA | 8.3 |
EPS(TTM)2.18
EY5.11%
EPS(NY)2.91
Fwd EY6.82%
FCF(TTM)4.46
FCFY10.45%
OCF(TTM)7.38
OCFY17.31%
SpS532.35
BVpS20.07
TBVpS7.23
PEG (NY)N/A
PEG (5Y)1.2
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
WACC8.23%
ROIC/WACC0.81
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 Y-11.98%
EPS Next 2Y8.08%
EPS Next 3Y6.28%
EPS Next 5YN/A
Revenue 1Y (TTM)4.1%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%6.15%
Revenue Next Year11.03%
Revenue Next 2Y25.62%
Revenue Next 3Y20.62%
Revenue Next 5YN/A
EBIT growth 1Y-11.26%
EBIT growth 3Y19.48%
EBIT growth 5Y11.91%
EBIT Next Year57.24%
EBIT Next 3Y19.08%
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 of GLOBAL PARTNERS LP (GLP) stock?
ChartMill assigns a valuation rating of 4 / 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.
Can you provide the PE and PB ratios for GLP stock?
The Price/Earnings (PE) ratio for GLOBAL PARTNERS LP (GLP) is 19.56 and the Price/Book (PB) ratio is 2.12.
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%.