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 29 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 valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year GLPI was profitable.
In the past year GLPI had a positive cash flow from operations.
Of the past 5 years GLPI 4 years were profitable.
Of the past 5 years GLPI 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of GLPI (6.14%) is better than 78.57% of its industry peers.
GLPI's Return On Equity of 18.29% is amongst the best of the industry. GLPI outperforms 82.14% of its industry peers.
The Return On Invested Capital of GLPI (7.11%) is better than 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GLPI is in line with the industry average of 5.41%.
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
The Profit Margin of GLPI (51.51%) is better than 96.43% of its industry peers.
GLPI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 73.73%, GLPI belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
GLPI's Operating Margin has improved in the last couple of years.
GLPI has a better Gross Margin (96.87%) than 92.86% of its industry peers.
In the last couple of years the Gross Margin of GLPI has grown nicely.
| 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
GLPI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
There is no outstanding debt for GLPI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
GLPI has an Altman-Z score of 1.18. This is a bad value and indicates that GLPI is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GLPI (1.18) is better than 60.71% of 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's Debt to FCF ratio of 9.65 is fine compared to the rest 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 | 1.18 |
ROIC/WACC0.9
WACC7.9%
2.3 Liquidity
GLPI has a Current 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 Current ratio (1.63) than 89.29% of its industry peers.
A Quick Ratio of 1.63 indicates that GLPI should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.63, GLPI belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.39% over the past year.
The Earnings Per Share has been growing by 11.06% on average over the past years. This is quite good.
EPS 1Y (TTM)9.39%
EPS 3Y10.34%
EPS 5Y11.06%
EPS Q2Q%21.79%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.58%
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 2.89% on average per year.
The Revenue is expected to grow by 11.43% on average over the next years. This is quite good.
EPS Next Y1.81%
EPS Next 2Y2.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.63%
Revenue Next 2Y4.75%
Revenue Next 3Y11.43%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 16.21 indicates a correct valuation of GLPI.
GLPI's Price/Earnings ratio is rather cheap when compared to the industry. GLPI is cheaper than 89.29% of the companies in the same industry.
When comparing the Price/Earnings ratio of GLPI to the average of the S&P500 Index (29.63), we can say GLPI is valued slightly cheaper.
With a Price/Forward Earnings ratio of 15.92, GLPI is valued correctly.
Based on the Price/Forward Earnings ratio, GLPI is valued cheaper than 89.29% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GLPI to the average of the S&P500 Index (22.68), we can say GLPI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.21 | ||
| Fwd PE | 15.92 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLPI is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, GLPI is valued cheaply inside the industry as 82.14% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.4 | ||
| EV/EBITDA | 14.93 |
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)8.97
PEG (5Y)1.47
EPS Next 2Y2.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.21%, GLPI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.52, GLPI pays a better dividend. On top of this GLPI pays more dividend than 89.29% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, GLPI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.21% |
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.
The dividend of GLPI decreased recently.
Dividend Growth(5Y)4.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
GLPI pays out 105.30% of its income as dividend. This is not a sustainable payout ratio.
GLPI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP105.3%
EPS Next 2Y2.89%
EPS Next 3YN/A
49.12
-0.27 (-0.55%)
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 Change-3.92%
Ins Owners2.48%
Ins Owner Change-0.18%
Market Cap13.48B
Analysts78
Price Target57.14 (16.33%)
Short Float %1.52%
Short Ratio3.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.21% |
Yearly Dividend3.14
Dividend Growth(5Y)4.86%
DP105.3%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)-0.29%
PT rev (3m)1.95%
EPS NQ rev (1m)0.4%
EPS NQ rev (3m)1.97%
EPS NY rev (1m)0.03%
EPS NY rev (3m)0.69%
Revenue NQ rev (1m)0.32%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.21 | ||
| Fwd PE | 15.92 | ||
| P/S | 8.92 | ||
| P/FCF | 17.4 | ||
| P/OCF | 12.92 | ||
| P/B | 3.17 | ||
| P/tB | 3.17 | ||
| EV/EBITDA | 14.93 |
EPS(TTM)3.03
EY6.17%
EPS(NY)3.08
Fwd EY6.28%
FCF(TTM)2.82
FCFY5.75%
OCF(TTM)3.8
OCFY7.74%
SpS5.51
BVpS15.51
TBVpS15.51
PEG (NY)8.97
PEG (5Y)1.47
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 | 1.18 |
F-Score5
WACC7.9%
ROIC/WACC0.9
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)9.39%
EPS 3Y10.34%
EPS 5Y11.06%
EPS Q2Q%21.79%
EPS Next Y1.81%
EPS Next 2Y2.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.58%
Revenue Next Year5.63%
Revenue Next 2Y4.75%
Revenue Next 3Y11.43%
Revenue Next 5YN/A
EBIT growth 1Y6.42%
EBIT growth 3Y11.27%
EBIT growth 5Y10.3%
EBIT Next Year33.24%
EBIT Next 3Y14.65%
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%