GAMING AND LEISURE PROPERTIE (GLPI) Stock Fundamental Analysis
NASDAQ:GLPI - Nasdaq - US36467J1088 - REIT - Currency: USD
We assign a fundamental rating of 5 out of 10 to GLPI. GLPI was compared to 30 industry peers in the Specialized REITs industry. GLPI has an excellent profitability rating, but there are concerns on its financial health. GLPI has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
GLPI had positive earnings in the past year.
In the past year GLPI had a positive cash flow from operations.
GLPI had positive earnings in each of the past 5 years.
In the past 5 years GLPI always reported a positive cash flow from operatings.
1.2 Ratios
GLPI has a better Return On Assets (6.39%) than 83.33% of its industry peers.
GLPI's Return On Equity of 18.38% is amongst the best of the industry. GLPI outperforms 83.33% of its industry peers.
With an excellent Return On Invested Capital value of 7.55%, GLPI belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
GLPI had an Average Return On Invested Capital over the past 3 years of 7.16%. This is in line with the industry average of 5.28%.
The last Return On Invested Capital (7.55%) for GLPI is above the 3 year average (7.16%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.39% | ||
| ROE | 18.38% | ||
| ROIC | 7.55% |
ROA(3y)6.16%
ROA(5y)5.81%
ROE(3y)18.04%
ROE(5y)17.95%
ROIC(3y)7.16%
ROIC(5y)6.94%
1.3 Margins
GLPI's Profit Margin of 49.96% is amongst the best of the industry. GLPI outperforms 93.33% of its industry peers.
GLPI's Profit Margin has improved in the last couple of years.
The Operating Margin of GLPI (72.74%) is better than 93.33% of its industry peers.
GLPI's Operating Margin has improved in the last couple of years.
The Gross Margin of GLPI (96.81%) is better than 93.33% of its industry peers.
In the last couple of years the Gross Margin of GLPI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.74% | ||
| PM (TTM) | 49.96% | ||
| GM | 96.81% |
OM growth 3Y2.96%
OM growth 5Y3.42%
PM growth 3Y5.28%
PM growth 5Y8.64%
GM growth 3Y1.53%
GM growth 5Y1.52%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GLPI is still creating some value.
GLPI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for GLPI has been increased compared to 5 years ago.
The debt/assets ratio for GLPI is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.19, we must say that GLPI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of GLPI (1.19) is comparable to the rest of the industry.
GLPI has a debt to FCF ratio of 18.58. This is a negative value and a sign of low solvency as GLPI would need 18.58 years to pay back of all of its debts.
GLPI has a Debt to FCF ratio (18.58) which is comparable to the rest of the industry.
GLPI has a Debt/Equity ratio of 1.65. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GLPI (1.65) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.65 | ||
| Debt/FCF | 18.58 | ||
| Altman-Z | 1.19 |
ROIC/WACC1
WACC7.53%
2.3 Liquidity
A Current Ratio of 0.52 indicates that GLPI may have some problems paying its short term obligations.
GLPI has a worse Current ratio (0.52) than 60.00% of its industry peers.
A Quick Ratio of 0.52 indicates that GLPI may have some problems paying its short term obligations.
With a Quick ratio value of 0.52, GLPI is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
GLPI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.43%.
The Earnings Per Share has been growing by 9.87% on average over the past years. This is quite good.
The Revenue has been growing slightly by 6.13% in the past year.
GLPI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.83% yearly.
EPS 1Y (TTM)4.43%
EPS 3Y8.36%
EPS 5Y9.87%
EPS Q2Q%-6.25%
Revenue 1Y (TTM)6.13%
Revenue growth 3Y7.98%
Revenue growth 5Y5.83%
Sales Q2Q%5.13%
3.2 Future
GLPI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.37% yearly.
GLPI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.66% yearly.
EPS Next Y2.25%
EPS Next 2Y5.67%
EPS Next 3Y3.37%
EPS Next 5YN/A
Revenue Next Year3.91%
Revenue Next 2Y3.49%
Revenue Next 3Y3.66%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.04, the valuation of GLPI can be described as rather expensive.
Based on the Price/Earnings ratio, GLPI is valued cheaper than 86.67% of the companies in the same industry.
GLPI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.45.
GLPI is valuated correctly with a Price/Forward Earnings ratio of 15.04.
93.33% of the companies in the same industry are more expensive than GLPI, based on the Price/Forward Earnings ratio.
GLPI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.04 | ||
| Fwd PE | 15.04 |
4.2 Price Multiples
GLPI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GLPI is cheaper than 76.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GLPI is valued a bit more expensive than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.42 | ||
| EV/EBITDA | 14.43 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GLPI does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of GLPI may justify a higher PE ratio.
PEG (NY)7.58
PEG (5Y)1.73
EPS Next 2Y5.67%
EPS Next 3Y3.37%
5. Dividend
5.1 Amount
GLPI has a Yearly Dividend Yield of 6.47%, which is a nice return.
Compared to an average industry Dividend Yield of 5.78, GLPI pays a better dividend. On top of this GLPI pays more dividend than 86.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, GLPI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
5.2 History
The dividend of GLPI has a limited annual growth rate of 2.94%.
GLPI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)2.94%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GLPI pays out 107.54% of its income as dividend. This is not a sustainable payout ratio.
GLPI's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP107.54%
EPS Next 2Y5.67%
EPS Next 3Y3.37%
48.21
-0.01 (-0.02%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.71%
Inst Owner Change3.02%
Ins Owners2.52%
Ins Owner Change-0.12%
Market Cap13.25B
Analysts77.33
Price Target55.98 (16.12%)
Short Float %1.71%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
Yearly Dividend3.05
Dividend Growth(5Y)2.94%
DP107.54%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.39%
Min EPS beat(2)-19.99%
Max EPS beat(2)5.2%
EPS beat(4)2
Avg EPS beat(4)-5.98%
Min EPS beat(4)-19.99%
Max EPS beat(4)5.2%
EPS beat(8)3
Avg EPS beat(8)-5.39%
EPS beat(12)5
Avg EPS beat(12)-2.51%
EPS beat(16)6
Avg EPS beat(16)-4.15%
Revenue beat(2)0
Avg Revenue beat(2)-2.35%
Min Revenue beat(2)-2.42%
Max Revenue beat(2)-2.28%
Revenue beat(4)0
Avg Revenue beat(4)-1.92%
Min Revenue beat(4)-2.42%
Max Revenue beat(4)-1.07%
Revenue beat(8)2
Avg Revenue beat(8)-1.08%
Revenue beat(12)4
Avg Revenue beat(12)-0.85%
Revenue beat(16)6
Avg Revenue beat(16)-0.46%
PT rev (1m)-0.56%
PT rev (3m)-1.26%
EPS NQ rev (1m)2.87%
EPS NQ rev (3m)0.7%
EPS NY rev (1m)2.07%
EPS NY rev (3m)-4.87%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.04 | ||
| Fwd PE | 15.04 | ||
| P/S | 8.54 | ||
| P/FCF | 35.42 | ||
| P/OCF | 12.41 | ||
| P/B | 3.14 | ||
| P/tB | 3.14 | ||
| EV/EBITDA | 14.43 |
EPS(TTM)2.83
EY5.87%
EPS(NY)3.2
Fwd EY6.65%
FCF(TTM)1.36
FCFY2.82%
OCF(TTM)3.88
OCFY8.06%
SpS5.64
BVpS15.34
TBVpS15.34
PEG (NY)7.58
PEG (5Y)1.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.39% | ||
| ROE | 18.38% | ||
| ROCE | 9.55% | ||
| ROIC | 7.55% | ||
| ROICexc | 7.66% | ||
| ROICexgc | 7.7% | ||
| OM | 72.74% | ||
| PM (TTM) | 49.96% | ||
| GM | 96.81% | ||
| FCFM | 24.12% |
ROA(3y)6.16%
ROA(5y)5.81%
ROE(3y)18.04%
ROE(5y)17.95%
ROIC(3y)7.16%
ROIC(5y)6.94%
ROICexc(3y)7.46%
ROICexc(5y)7.29%
ROICexgc(3y)7.54%
ROICexgc(5y)7.35%
ROCE(3y)9.06%
ROCE(5y)8.78%
ROICexcg growth 3Y2.65%
ROICexcg growth 5Y0.82%
ROICexc growth 3Y2.62%
ROICexc growth 5Y0.86%
OM growth 3Y2.96%
OM growth 5Y3.42%
PM growth 3Y5.28%
PM growth 5Y8.64%
GM growth 3Y1.53%
GM growth 5Y1.52%
F-Score6
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.65 | ||
| Debt/FCF | 18.58 | ||
| Debt/EBITDA | 5.01 | ||
| Cap/Depr | 266.88% | ||
| Cap/Sales | 44.71% | ||
| Interest Coverage | 2.99 | ||
| Cash Conversion | 76.91% | ||
| Profit Quality | 48.27% | ||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 1.19 |
F-Score6
WACC7.53%
ROIC/WACC1
Cap/Depr(3y)204.2%
Cap/Depr(5y)165.96%
Cap/Sales(3y)36.14%
Cap/Sales(5y)30.13%
Profit Quality(3y)65.92%
Profit Quality(5y)67.32%
High Growth Momentum
Growth
EPS 1Y (TTM)4.43%
EPS 3Y8.36%
EPS 5Y9.87%
EPS Q2Q%-6.25%
EPS Next Y2.25%
EPS Next 2Y5.67%
EPS Next 3Y3.37%
EPS Next 5YN/A
Revenue 1Y (TTM)6.13%
Revenue growth 3Y7.98%
Revenue growth 5Y5.83%
Sales Q2Q%5.13%
Revenue Next Year3.91%
Revenue Next 2Y3.49%
Revenue Next 3Y3.66%
Revenue Next 5YN/A
EBIT growth 1Y6.69%
EBIT growth 3Y11.18%
EBIT growth 5Y9.45%
EBIT Next Year30.39%
EBIT Next 3Y13.12%
EBIT Next 5YN/A
FCF growth 1Y178.72%
FCF growth 3Y6.77%
FCF growth 5Y-12.1%
OCF growth 1Y15.01%
OCF growth 3Y9.11%
OCF growth 5Y7.41%