GAMING AND LEISURE PROPERTIE (GLPI) Stock Fundamental Analysis
USA - NASDAQ:GLPI - US36467J1088 - REIT
47.18 USD
-0.64 (-1.34%)
47.18 USD
0 (0%)
Overall GLPI gets a fundamental rating of 5 out of 10. We evaluated GLPI against 29 industry peers in the Specialized REITs industry. GLPI scores excellent on profitability, but there are concerns on its financial health. GLPI has a correct valuation and a medium growth rate.
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.
Each year in the past 5 years GLPI has been profitable.
In the past 5 years GLPI always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.75%, GLPI is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.76%, GLPI belongs to the top of the industry, outperforming 86.21% of the companies in the same industry.
The Return On Invested Capital of GLPI (7.00%) is better than 86.21% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLPI is above the industry average of 4.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.75% | ||
| ROE | 15.76% | ||
| ROIC | 7% |
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
With an excellent Profit Margin value of 45.87%, GLPI belongs to the best of the industry, outperforming 89.66% of the companies in the same industry.
In the last couple of years the Profit Margin of GLPI has grown nicely.
GLPI has a Operating Margin of 68.79%. This is amongst the best in the industry. GLPI outperforms 93.10% of its industry peers.
GLPI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 96.71%, GLPI belongs to the top of the industry, outperforming 93.10% of the companies in the same industry.
In the last couple of years the Gross Margin of GLPI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 68.79% | ||
| PM (TTM) | 45.87% | ||
| GM | 96.71% |
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
GLPI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
GLPI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, GLPI has more shares outstanding
GLPI has a worse debt/assets ratio than last year.
2.2 Solvency
GLPI has an Altman-Z score of 1.21. This is a bad value and indicates that GLPI is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.21, GLPI is in line with its industry, outperforming 58.62% of the companies in the same industry.
The Debt to FCF ratio of GLPI is 17.47, which is on the high side as it means it would take GLPI, 17.47 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of GLPI (17.47) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.53 is on the high side and indicates that GLPI has dependencies on debt financing.
GLPI has a Debt to Equity ratio (1.53) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.21 |
ROIC/WACC0.94
WACC7.45%
2.3 Liquidity
A Current Ratio of 1.74 indicates that GLPI should not have too much problems paying its short term obligations.
The Current ratio of GLPI (1.74) is better than 72.41% of its industry peers.
A Quick Ratio of 1.74 indicates that GLPI should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.74, GLPI is doing good in the industry, outperforming 72.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
The earnings per share for GLPI have decreased strongly by -10.03% in the last year.
Measured over the past years, GLPI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.87% on average per year.
GLPI shows a small growth in Revenue. In the last year, the Revenue has grown by 5.38%.
GLPI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.83% yearly.
EPS 1Y (TTM)-10.03%
EPS 3Y8.36%
EPS 5Y9.87%
EPS Q2Q%-29.87%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y7.98%
Revenue growth 5Y5.83%
Sales Q2Q%3.74%
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 3.38% on average per year.
Based on estimates for the next years, GLPI will show a quite strong growth in Revenue. The Revenue will grow by 10.66% on average per year.
EPS Next Y-7.18%
EPS Next 2Y2.58%
EPS Next 3Y3.38%
EPS Next 5YN/A
Revenue Next Year3.65%
Revenue Next 2Y3.49%
Revenue Next 3Y3.72%
Revenue Next 5Y10.66%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 18.15 indicates a rather expensive valuation of GLPI.
Based on the Price/Earnings ratio, GLPI is valued cheaply inside the industry as 89.66% of the companies are valued more expensively.
GLPI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
Based on the Price/Forward Earnings ratio of 15.62, the valuation of GLPI can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLPI indicates a rather cheap valuation: GLPI is cheaper than 93.10% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of GLPI to the average of the S&P500 Index (22.71), we can say GLPI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.15 | ||
| Fwd PE | 15.62 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLPI is valued a bit cheaper than the industry average as 79.31% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as GLPI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.54 | ||
| EV/EBITDA | 14.7 |
4.3 Compensation for Growth
The excellent profitability rating of GLPI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.84
EPS Next 2Y2.58%
EPS Next 3Y3.38%
5. Dividend
5.1 Amount
GLPI has a Yearly Dividend Yield of 6.44%, which is a nice return.
GLPI's Dividend Yield is rather good when compared to the industry average which is at 5.99. GLPI pays more dividend than 82.76% of the companies 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 | 6.44% |
5.2 History
The dividend of GLPI has a limited annual growth rate of 2.94%.
GLPI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.94%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GLPI pays out 118.06% 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.
DP118.06%
EPS Next 2Y2.58%
EPS Next 3Y3.38%
47.18
-0.64 (-1.34%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners93.34%
Inst Owner Change-3.2%
Ins Owners2.45%
Ins Owner Change-0.09%
Market Cap13.35B
Analysts75.17
Price Target54.95 (16.47%)
Short Float %1.68%
Short Ratio2.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.44% |
Yearly Dividend3.05
Dividend Growth(5Y)2.94%
DP118.06%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-24.75%
Min EPS beat(2)-29.51%
Max EPS beat(2)-19.99%
EPS beat(4)1
Avg EPS beat(4)-14.17%
Min EPS beat(4)-29.51%
Max EPS beat(4)5.2%
EPS beat(8)3
Avg EPS beat(8)-6.91%
EPS beat(12)5
Avg EPS beat(12)-4.57%
EPS beat(16)6
Avg EPS beat(16)-5.77%
Revenue beat(2)0
Avg Revenue beat(2)-2.37%
Min Revenue beat(2)-2.47%
Max Revenue beat(2)-2.28%
Revenue beat(4)0
Avg Revenue beat(4)-2.27%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)-1.89%
Revenue beat(8)2
Avg Revenue beat(8)-1.22%
Revenue beat(12)4
Avg Revenue beat(12)-0.92%
Revenue beat(16)5
Avg Revenue beat(16)-0.84%
PT rev (1m)-0.7%
PT rev (3m)-2.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.59%
EPS NY rev (1m)-9.03%
EPS NY rev (3m)-7.35%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.28%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.15 | ||
| Fwd PE | 15.62 | ||
| P/S | 8.53 | ||
| P/FCF | 33.54 | ||
| P/OCF | 12.04 | ||
| P/B | 2.93 | ||
| P/tB | 2.93 | ||
| EV/EBITDA | 14.7 |
EPS(TTM)2.6
EY5.51%
EPS(NY)3.02
Fwd EY6.4%
FCF(TTM)1.41
FCFY2.98%
OCF(TTM)3.92
OCFY8.3%
SpS5.53
BVpS16.09
TBVpS16.09
PEG (NY)N/A
PEG (5Y)1.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.75% | ||
| ROE | 15.76% | ||
| ROCE | 8.87% | ||
| ROIC | 7% | ||
| ROICexc | 7.37% | ||
| ROICexgc | 7.42% | ||
| OM | 68.79% | ||
| PM (TTM) | 45.87% | ||
| GM | 96.71% | ||
| FCFM | 25.44% |
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-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 17.47 | ||
| Debt/EBITDA | 5.19 | ||
| Cap/Depr | 269.38% | ||
| Cap/Sales | 45.4% | ||
| Interest Coverage | 3.04 | ||
| Cash Conversion | 82.71% | ||
| Profit Quality | 55.46% | ||
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.74 | ||
| Altman-Z | 1.21 |
F-Score5
WACC7.45%
ROIC/WACC0.94
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)-10.03%
EPS 3Y8.36%
EPS 5Y9.87%
EPS Q2Q%-29.87%
EPS Next Y-7.18%
EPS Next 2Y2.58%
EPS Next 3Y3.38%
EPS Next 5YN/A
Revenue 1Y (TTM)5.38%
Revenue growth 3Y7.98%
Revenue growth 5Y5.83%
Sales Q2Q%3.74%
Revenue Next Year3.65%
Revenue Next 2Y3.49%
Revenue Next 3Y3.72%
Revenue Next 5Y10.66%
EBIT growth 1Y-3.22%
EBIT growth 3Y11.18%
EBIT growth 5Y9.45%
EBIT Next Year29%
EBIT Next 3Y12.92%
EBIT Next 5Y17.02%
FCF growth 1Y35.1%
FCF growth 3Y6.77%
FCF growth 5Y-12.1%
OCF growth 1Y16.13%
OCF growth 3Y9.11%
OCF growth 5Y7.41%