GLOBAL PARTNERS LP (GLP)
US37946R1095
We assign a fundamental rating of 3 out of 10 to GLP. GLP was compared to 205 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. GLP is quite expensive at the moment. It does show 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.
Each year in the past 5 years GLP has been profitable.
In the past 5 years GLP always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of GLP (3.09%) is worse than 66.18% of its industry peers.
The Return On Equity of GLP (15.64%) is better than 63.24% 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 29.06%.
| 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
With a Profit Margin value of 0.65%, 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 Profit Margin of GLP has remained more or less at the same level.
Looking at the Operating Margin, with a value of 1.52%, GLP is doing worse than 81.37% of the companies in the same industry.
GLP's Operating Margin has declined in the last couple of years.
GLP has a Gross Margin of 6.15%. This is in the lower half of the industry: GLP underperforms 77.94% of its industry peers.
In the last couple of years the Gross Margin of GLP has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GLP is still creating some value.
GLP has about the same amout of shares outstanding than it did 1 year ago.
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 63.73% of its industry peers.
A Debt/Equity ratio of 2.07 is on the high side and indicates that GLP has dependencies on debt financing.
GLP has a Debt to Equity ratio of 2.07. This is amonst the worse of the industry: GLP underperforms 85.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.07 | ||
| Debt/FCF | 39.81 | ||
| Altman-Z | N/A |
ROIC/WACC1
WACC7.76%
2.3 Liquidity
A Current Ratio of 1.14 indicates that GLP should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.14, GLP is in line with its industry, outperforming 46.08% 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.
The Quick ratio of GLP (0.64) is worse than 76.47% of its industry peers.
| 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.
Looking at the last year, GLP shows a small growth in Revenue. The Revenue has grown by 5.31% in the last year.
GLP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.41% yearly.
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
Based on estimates for the next years, GLP will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.89% on average per year.
Based on estimates for the next years, GLP will show a very strong growth in Revenue. The Revenue will grow by 21.97% on average per year.
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
The Price/Earnings ratio is 16.55, which indicates a correct valuation of GLP.
GLP's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 29.70. GLP is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 22.06, GLP is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLP indicates a slightly more expensive valuation: GLP is more expensive than 63.73% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.16. GLP is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.55 | ||
| Fwd PE | 22.06 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GLP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.07 | ||
| EV/EBITDA | 9.07 |
4.3 Compensation for Growth
A cheap valuation may be justified as GLP's earnings are expected to decrease with -17.89% in the coming years.
PEG (NY)N/A
PEG (5Y)0.78
EPS Next 2Y-17.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.33%, GLP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.58, GLP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.16, GLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.33% |
5.2 History
On average, the dividend of GLP grows each year by 16.87%, which is quite nice.
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
GLP pays out 106.91% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of GLP has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP106.91%
EPS Next 2Y-17.89%
EPS Next 3YN/A
GLOBAL PARTNERS LP
NYSE:GLP (12/2/2024, 8:04:01 PM)
After market: 55.93 0 (0%)55.93
-0.52 (-0.92%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.90B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.33% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.55 | ||
| Fwd PE | 22.06 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 15.64% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 1.52% | ||
| PM (TTM) | 0.65% | ||
| GM | 6.15% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover4.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.07 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.64 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-13.11%
EPS 3Y10.46%
EPS 5Y
EPS Q2Q%
EPS Next Y-42.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.31%
Revenue growth 3Y25.61%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y