GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
NYSE:GLP - New York Stock Exchange, Inc. - US37946R1095 - Currency: USD
We assign a fundamental rating of 4 out of 10 to GLP. GLP was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. GLP has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, GLP is valued expensive at the moment.
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 of 2.83%. This is comparable to the rest of the industry: GLP outperforms 46.45% of its industry peers.
With a decent Return On Equity value of 15.52%, GLP is doing good in the industry, outperforming 73.46% of the companies in the same industry.
GLP has a better Return On Invested Capital (7.82%) than 65.40% 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 23.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 15.52% | ||
| ROIC | 7.82% |
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
Looking at the Profit Margin, with a value of 0.61%, GLP is doing worse than 65.88% of the companies in the same industry.
GLP's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 1.55%, GLP is not doing good in the industry: 73.46% of the companies in the same industry are doing better.
GLP's Operating Margin has improved in the last couple of years.
GLP has a Gross Margin of 6.23%. This is in the lower half of the industry: GLP underperforms 74.41% of its industry peers.
In the last couple of years the Gross Margin of GLP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.55% | ||
| PM (TTM) | 0.61% | ||
| GM | 6.23% |
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.
Compared to 5 years ago, GLP has less shares outstanding
Compared to 1 year ago, GLP has a worse debt to assets ratio.
2.2 Solvency
GLP has a debt to FCF ratio of 31.69. This is a negative value and a sign of low solvency as GLP would need 31.69 years to pay back of all of its debts.
GLP has a Debt to FCF ratio (31.69) which is comparable to the rest of the industry.
GLP has a Debt/Equity ratio of 2.28. This is a high value indicating a heavy dependency on external financing.
GLP has a worse Debt to Equity ratio (2.28) than 83.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.28 | ||
| Debt/FCF | 31.69 | ||
| Altman-Z | N/A |
ROIC/WACC0.92
WACC8.49%
2.3 Liquidity
A Current Ratio of 1.17 indicates that GLP should not have too much problems paying its short term obligations.
The Current ratio of GLP (1.17) is comparable to the rest of the industry.
GLP has a Quick Ratio of 1.17. This is a bad value and indicates that GLP is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.68, GLP is not doing good in the industry: 69.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.70% over the past year.
The Earnings Per Share has been growing by 16.31% on average over the past years. This is quite good.
GLP shows a small growth in Revenue. In the last year, the Revenue has grown by 6.04%.
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)19.7%
EPS 3Y23.25%
EPS 5Y16.31%
EPS Q2Q%197.3%
Revenue 1Y (TTM)6.04%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%10.78%
3.2 Future
GLP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.65% yearly.
The Revenue is expected to grow by 16.78% on average over the next years. This is quite good.
EPS Next Y15.2%
EPS Next 2Y10.86%
EPS Next 3Y9.65%
EPS Next 5YN/A
Revenue Next Year25.4%
Revenue Next 2Y21.3%
Revenue Next 3Y16.78%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
Based on the Price/Earnings ratio of 16.38, the valuation of GLP can be described as correct.
The rest of the industry has a similar Price/Earnings ratio as GLP.
GLP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.15.
Based on the Price/Forward Earnings ratio of 17.23, the valuation of GLP can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLP is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of GLP to the average of the S&P500 Index (21.60), we can say GLP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.38 | ||
| Fwd PE | 17.23 |
4.2 Price Multiples
GLP's Enterprise Value to EBITDA is on the same level as the industry average.
GLP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.83 | ||
| EV/EBITDA | 8.72 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.08
PEG (5Y)1
EPS Next 2Y10.86%
EPS Next 3Y9.65%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.18%, GLP is a good candidate for dividend investing.
GLP's Dividend Yield is rather good when compared to the industry average which is at 6.66. GLP pays more dividend than 85.31% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, GLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.18% |
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 113.01% of its income as dividend. This is not a sustainable payout ratio.
GLP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP113.01%
EPS Next 2Y10.86%
EPS Next 3Y9.65%
52.73
+0.18 (+0.34%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners47.88%
Inst Owner Change-20.1%
Ins Owners4.6%
Ins Owner Change0.75%
Market Cap1.79B
Analysts46.67
Price Target54.06 (2.52%)
Short Float %2.6%
Short Ratio13.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.18% |
Yearly Dividend3.6
Dividend Growth(5Y)9.73%
DP113.01%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)701.32%
Min EPS beat(2)114.52%
Max EPS beat(2)1288.12%
EPS beat(4)2
Avg EPS beat(4)338.41%
Min EPS beat(4)-26.22%
Max EPS beat(4)1288.12%
EPS beat(8)3
Avg EPS beat(8)112.51%
EPS beat(12)7
Avg EPS beat(12)110.42%
EPS beat(16)10
Avg EPS beat(16)136.03%
Revenue beat(2)0
Avg Revenue beat(2)-23.98%
Min Revenue beat(2)-28.57%
Max Revenue beat(2)-19.38%
Revenue beat(4)0
Avg Revenue beat(4)-23.56%
Min Revenue beat(4)-28.57%
Max Revenue beat(4)-19.38%
Revenue beat(8)0
Avg Revenue beat(8)-15.67%
Revenue beat(12)2
Avg Revenue beat(12)-8.75%
Revenue beat(16)4
Avg Revenue beat(16)-6.89%
PT rev (1m)-5.36%
PT rev (3m)-5.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)42.86%
EPS NY rev (1m)0%
EPS NY rev (3m)24.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.38 | ||
| Fwd PE | 17.23 | ||
| P/S | 0.1 | ||
| P/FCF | 30.83 | ||
| P/OCF | 11.02 | ||
| P/B | 2.58 | ||
| P/tB | 6.99 | ||
| EV/EBITDA | 8.72 |
EPS(TTM)3.22
EY6.11%
EPS(NY)3.06
Fwd EY5.8%
FCF(TTM)1.71
FCFY3.24%
OCF(TTM)4.79
OCFY9.08%
SpS517.95
BVpS20.46
TBVpS7.54
PEG (NY)1.08
PEG (5Y)1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 15.52% | ||
| ROCE | 9.89% | ||
| ROIC | 7.82% | ||
| ROICexc | 7.84% | ||
| ROICexgc | 9.33% | ||
| OM | 1.55% | ||
| PM (TTM) | 0.61% | ||
| GM | 6.23% | ||
| FCFM | 0.33% |
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-Score6
Asset Turnover4.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.28 | ||
| Debt/FCF | 31.69 | ||
| Debt/EBITDA | 3.82 | ||
| Cap/Depr | 73.07% | ||
| Cap/Sales | 0.59% | ||
| Interest Coverage | 2.28 | ||
| Cash Conversion | 39.17% | ||
| Profit Quality | 53.88% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | N/A |
F-Score6
WACC8.49%
ROIC/WACC0.92
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)19.7%
EPS 3Y23.25%
EPS 5Y16.31%
EPS Q2Q%197.3%
EPS Next Y15.2%
EPS Next 2Y10.86%
EPS Next 3Y9.65%
EPS Next 5YN/A
Revenue 1Y (TTM)6.04%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%10.78%
Revenue Next Year25.4%
Revenue Next 2Y21.3%
Revenue Next 3Y16.78%
Revenue Next 5YN/A
EBIT growth 1Y26.55%
EBIT growth 3Y19.48%
EBIT growth 5Y11.91%
EBIT Next Year71.37%
EBIT Next 3Y21.09%
EBIT Next 5YN/A
FCF growth 1Y-82.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-62.86%
OCF growth 3Y-14.3%
OCF growth 5Y-19.66%