GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GLP - US37946R1095
44.84 USD
-0.85 (-1.86%)
44.84 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to GLP. GLP was compared to 209 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 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.
Each year in the past 5 years GLP has been profitable.
Each year in the past 5 years GLP had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 1.93%, GLP perfoms like the industry average, outperforming 42.11% of the companies in the same industry.
With a decent Return On Equity value of 10.48%, GLP is doing good in the industry, outperforming 65.07% of the companies in the same industry.
The Return On Invested Capital of GLP (6.69%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for GLP is significantly below the industry average of 21.47%.
| 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 66.03% of its industry peers.
In the last couple of years the Profit Margin of GLP has grown nicely.
With a Operating Margin value of 1.30%, GLP is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of GLP has grown nicely.
GLP has a worse Gross Margin (5.90%) than 75.60% of its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GLP is still creating some value.
The number of shares outstanding for GLP has been reduced compared to 1 year ago.
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
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 has a Debt to FCF ratio of 11.40. This is comparable to the rest of the industry: GLP outperforms 53.11% 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.
GLP has a Debt to Equity ratio of 2.33. This is amonst the worse of the industry: GLP underperforms 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 11.41 | ||
| Altman-Z | N/A |
ROIC/WACC0.79
WACC8.46%
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.
With a Current ratio value of 1.21, GLP perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
A Quick Ratio of 0.70 indicates that GLP may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.70, GLP is doing worse than 66.99% of the companies in the same industry.
| 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.
GLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.31% yearly.
The Revenue has been growing slightly by 4.10% in the past year.
The Revenue has been growing slightly by 5.58% on average over the past years.
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 quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.29% yearly.
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
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.
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
With a Price/Earnings ratio of 20.57, GLP is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of GLP is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.46. GLP is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 12.79, which indicates a correct valuation of GLP.
GLP's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.10. GLP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.57 | ||
| Fwd PE | 12.79 |
4.2 Price Multiples
GLP's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, GLP is valued a bit cheaper than 77.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.06 | ||
| EV/EBITDA | 8.64 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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)1
PEG (5Y)1.26
EPS Next 2Y18.64%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
GLP has a Yearly Dividend Yield of 6.61%, which is a nice return.
Compared to an average industry Dividend Yield of 5.80, GLP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, GLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.61% |
5.2 History
On average, the dividend of GLP grows each year by 9.73%, which is quite nice.
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
GLP pays out 174.59% 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.
DP174.59%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
44.84
-0.85 (-1.86%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners48.59%
Inst Owner Change-16.4%
Ins Owners5.19%
Ins Owner Change1.43%
Market Cap1.52B
Revenue(TTM)18.10B
Net Income(TTM)71.54M
Analysts46.67
Price Target45.9 (2.36%)
Short Float %1.57%
Short Ratio8.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.61% |
Yearly Dividend3.6
Dividend Growth(5Y)9.73%
DP174.59%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)-15.09%
PT rev (3m)-15.09%
EPS NQ rev (1m)-37.5%
EPS NQ rev (3m)-37.5%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.13%
Revenue NQ rev (3m)-1.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.57 | ||
| Fwd PE | 12.79 | ||
| P/S | 0.08 | ||
| P/FCF | 10.06 | ||
| P/OCF | 6.07 | ||
| P/B | 2.23 | ||
| P/tB | 6.2 | ||
| EV/EBITDA | 8.64 |
EPS(TTM)2.18
EY4.86%
EPS(NY)3.5
Fwd EY7.82%
FCF(TTM)4.46
FCFY9.94%
OCF(TTM)7.38
OCFY16.46%
SpS532.35
BVpS20.07
TBVpS7.23
PEG (NY)1
PEG (5Y)1.26
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
WACC8.46%
ROIC/WACC0.79
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)4.1%
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 1Y-11.26%
EBIT growth 3Y19.48%
EBIT growth 5Y11.91%
EBIT Next Year72.72%
EBIT Next 3Y22.92%
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 for 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.
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.