GAMING AND LEISURE PROPERTIE (GLPI)
US36467J1088 - REIT
Overall GLPI gets a fundamental rating of 6 out of 10. We evaluated GLPI against 28 industry peers in the Specialized REITs industry. While GLPI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. GLPI is not valued too expensively and it also shows a decent growth rate.
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.
Each year in the past 5 years GLPI has been profitable.
Each year in the past 5 years GLPI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.14%, GLPI belongs to the top of the industry, outperforming 82.14% of the companies in the same industry.
The Return On Equity of GLPI (18.29%) is better than 85.71% of its industry peers.
The Return On Invested Capital of GLPI (7.11%) is better than 82.14% of its industry peers.
GLPI had an Average Return On Invested Capital over the past 3 years of 6.91%. This is in line with the industry average of 5.21%.
The last Return On Invested Capital (7.11%) for GLPI is above the 3 year average (6.91%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.14% | ||
| ROE | 18.29% | ||
| ROIC | 7.11% |
ROA(3y)5.82%
ROA(5y)5.54%
ROE(3y)17.51%
ROE(5y)18.04%
ROIC(3y)6.91%
ROIC(5y)6.92%
1.3 Margins
Looking at the Profit Margin, with a value of 51.51%, GLPI belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
GLPI's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 73.73%, GLPI belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
In the last couple of years the Operating Margin of GLPI has grown nicely.
GLPI has a Gross Margin of 96.87%. This is amongst the best in the industry. GLPI outperforms 92.86% of its industry peers.
GLPI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 73.73% | ||
| PM (TTM) | 51.51% | ||
| GM | 96.87% |
OM growth 3Y3.32%
OM growth 5Y3.66%
PM growth 3Y5.17%
PM growth 5Y9.67%
GM growth 3Y1.46%
GM growth 5Y3.17%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GLPI is destroying value.
Compared to 1 year ago, GLPI has more shares outstanding
The number of shares outstanding for GLPI has been increased compared to 5 years ago.
Compared to 1 year ago, GLPI has about the same debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.13, we must say that GLPI is in the distress zone and has some risk of bankruptcy.
GLPI has a Altman-Z score (1.13) which is in line with its industry peers.
The Debt to FCF ratio of GLPI is 9.65, which is on the high side as it means it would take GLPI, 9.65 years of fcf income to pay off all of its debts.
GLPI has a Debt to FCF ratio of 9.65. This is in the better half of the industry: GLPI outperforms 75.00% of its industry peers.
GLPI has a Debt/Equity ratio of 1.76. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.76, GLPI is doing worse than 60.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 9.65 | ||
| Altman-Z | 1.13 |
ROIC/WACC0.96
WACC7.41%
2.3 Liquidity
A Current Ratio of 1.63 indicates that GLPI should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.63, GLPI belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
GLPI has a Quick Ratio of 1.63. This is a normal value and indicates that GLPI is financially healthy and should not expect problems in meeting its short term obligations.
GLPI has a better Quick ratio (1.63) than 89.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 |
3. Growth
3.1 Past
GLPI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.38%.
GLPI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.21% yearly.
Looking at the last year, GLPI shows a small growth in Revenue. The Revenue has grown by 7.33% in the last year.
The Revenue has been growing slightly by 6.41% on average over the past years.
EPS 1Y (TTM)4.38%
EPS 3Y7.14%
EPS 5Y9.21%
EPS Q2Q%-4.29%
Revenue 1Y (TTM)7.33%
Revenue growth 3Y7.69%
Revenue growth 5Y6.41%
Sales Q2Q%7.16%
3.2 Future
Based on estimates for the next years, GLPI will show a small growth in Earnings Per Share. The EPS will grow by 5.01% on average per year.
GLPI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.32% yearly.
EPS Next Y3.96%
EPS Next 2Y5.51%
EPS Next 3Y5.01%
EPS Next 5YN/A
Revenue Next Year7.06%
Revenue Next 2Y6.22%
Revenue Next 3Y5.54%
Revenue Next 5Y10.32%
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
GLPI is valuated correctly with a Price/Earnings ratio of 16.46.
Based on the Price/Earnings ratio, GLPI is valued cheaply inside the industry as 89.29% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.73, GLPI is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 15.27, the valuation of GLPI can be described as correct.
GLPI's Price/Forward Earnings ratio is rather cheap when compared to the industry. GLPI is cheaper than 89.29% of the companies in the same industry.
GLPI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.46 | ||
| Fwd PE | 15.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLPI is valued a bit cheaper than 71.43% of the companies in the same industry.
82.14% of the companies in the same industry are more expensive than GLPI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.68 | ||
| EV/EBITDA | 14.47 |
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.
GLPI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.16
PEG (5Y)1.79
EPS Next 2Y5.51%
EPS Next 3Y5.01%
5. Dividend
5.1 Amount
GLPI has a Yearly Dividend Yield of 6.54%, which is a nice return.
Compared to an average industry Dividend Yield of 4.85, GLPI pays a better dividend. On top of this GLPI pays more dividend than 85.71% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, GLPI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
5.2 History
The dividend of GLPI has a limited annual growth rate of 4.86%.
GLPI has been paying a dividend for at least 10 years, so it has a reliable track record.
GLPI has decreased its dividend recently.
Dividend Growth(5Y)4.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
105.30% of the earnings are spent on dividend by GLPI. 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.
DP105.3%
EPS Next 2Y5.51%
EPS Next 3Y5.01%
GAMING AND LEISURE PROPERTIE
NASDAQ:GLPI (12/20/2024, 8:14:57 PM)
After market: 47.08 0 (0%)47.08
+0.62 (+1.33%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners90.35%
Inst Owner Change5.9%
Ins Owners2.48%
Ins Owner Change-0.07%
Market Cap12.92B
Analysts78.62
Price Target56.54 (20.09%)
Short Float %2%
Short Ratio4.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
Dividend Growth(5Y)4.86%
DP105.3%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.56%
Min EPS beat(2)-12.4%
Max EPS beat(2)3.29%
EPS beat(4)2
Avg EPS beat(4)-2.52%
Min EPS beat(4)-12.4%
Max EPS beat(4)9.64%
EPS beat(8)3
Avg EPS beat(8)-1.71%
EPS beat(12)4
Avg EPS beat(12)-4.3%
EPS beat(16)6
Avg EPS beat(16)-1.73%
Revenue beat(2)0
Avg Revenue beat(2)-1.48%
Min Revenue beat(2)-1.89%
Max Revenue beat(2)-1.07%
Revenue beat(4)2
Avg Revenue beat(4)-0.35%
Min Revenue beat(4)-1.89%
Max Revenue beat(4)1.39%
Revenue beat(8)3
Avg Revenue beat(8)-0.54%
Revenue beat(12)5
Avg Revenue beat(12)-0.36%
Revenue beat(16)6
Avg Revenue beat(16)-0.3%
PT rev (1m)0.83%
PT rev (3m)1.27%
EPS NQ rev (1m)0.46%
EPS NQ rev (3m)-0.45%
EPS NY rev (1m)0.66%
EPS NY rev (3m)-2.91%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.75%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)-0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.46 | ||
| Fwd PE | 15.27 | ||
| P/S | 8.55 | ||
| P/FCF | 16.68 | ||
| P/OCF | 12.38 | ||
| P/B | 3.04 | ||
| P/tB | 3.04 | ||
| EV/EBITDA | 14.47 |
EPS(TTM)2.86
EY6.07%
EPS(NY)3.08
Fwd EY6.55%
FCF(TTM)2.82
FCFY6%
OCF(TTM)3.8
OCFY8.08%
SpS5.51
BVpS15.51
TBVpS15.51
PEG (NY)4.16
PEG (5Y)1.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.14% | ||
| ROE | 18.29% | ||
| ROCE | 9% | ||
| ROIC | 7.11% | ||
| ROICexc | 7.41% | ||
| ROICexgc | 7.44% | ||
| OM | 73.73% | ||
| PM (TTM) | 51.51% | ||
| GM | 96.87% | ||
| FCFM | 51.27% |
ROA(3y)5.82%
ROA(5y)5.54%
ROE(3y)17.51%
ROE(5y)18.04%
ROIC(3y)6.91%
ROIC(5y)6.92%
ROICexc(3y)7.28%
ROICexc(5y)7.23%
ROICexgc(3y)7.36%
ROICexgc(5y)7.3%
ROCE(3y)8.75%
ROCE(5y)8.76%
ROICexcg growth 3Y1.92%
ROICexcg growth 5Y4.85%
ROICexc growth 3Y1.9%
ROICexc growth 5Y4.98%
OM growth 3Y3.32%
OM growth 5Y3.66%
PM growth 3Y5.17%
PM growth 5Y9.67%
GM growth 3Y1.46%
GM growth 5Y3.17%
F-Score5
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 9.65 | ||
| Debt/EBITDA | 5.43 | ||
| Cap/Depr | 102.89% | ||
| Cap/Sales | 17.78% | ||
| Interest Coverage | 3.46 | ||
| Cash Conversion | 75.87% | ||
| Profit Quality | 99.53% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 | ||
| Altman-Z | 1.13 |
F-Score5
WACC7.41%
ROIC/WACC0.96
Cap/Depr(3y)188.03%
Cap/Depr(5y)113.89%
Cap/Sales(3y)35.13%
Cap/Sales(5y)21.29%
Profit Quality(3y)69.37%
Profit Quality(5y)95.61%
High Growth Momentum
Growth
EPS 1Y (TTM)4.38%
EPS 3Y7.14%
EPS 5Y9.21%
EPS Q2Q%-4.29%
EPS Next Y3.96%
EPS Next 2Y5.51%
EPS Next 3Y5.01%
EPS Next 5YN/A
Revenue 1Y (TTM)7.33%
Revenue growth 3Y7.69%
Revenue growth 5Y6.41%
Sales Q2Q%7.16%
Revenue Next Year7.06%
Revenue Next 2Y6.22%
Revenue Next 3Y5.54%
Revenue Next 5Y10.32%
EBIT growth 1Y6.42%
EBIT growth 3Y11.27%
EBIT growth 5Y10.3%
EBIT Next Year33.24%
EBIT Next 3Y14.7%
EBIT Next 5Y17.36%
FCF growth 1Y47.21%
FCF growth 3Y7.96%
FCF growth 5YN/A
OCF growth 1Y15.18%
OCF growth 3Y35.48%
OCF growth 5Y9.05%