Logo image of GOODN

GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP (GOODN) Stock Fundamental Analysis

NASDAQ:GOODN - Nasdaq - US3765367020 - Currency: USD

22.6  -0.03 (-0.13%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to GOODN. GOODN was compared to 129 industry peers in the Diversified REITs industry. GOODN has a medium profitability rating, but doesn't score so well on its financial health evaluation. GOODN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

In the past year GOODN was profitable.
In the past year GOODN had a positive cash flow from operations.
In the past 5 years GOODN reported 4 times negative net income.
Of the past 5 years GOODN 4 years had a positive operating cash flow.
GOODN Yearly Net Income VS EBIT VS OCF VS FCFGOODN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M

1.2 Ratios

The Return On Assets of GOODN (0.77%) is comparable to the rest of the industry.
The Return On Equity of GOODN (2.50%) is comparable to the rest of the industry.
GOODN's Return On Invested Capital of 3.89% is fine compared to the rest of the industry. GOODN outperforms 75.40% of its industry peers.
GOODN had an Average Return On Invested Capital over the past 3 years of 3.01%. This is in line with the industry average of 3.11%.
The 3 year average ROIC (3.01%) for GOODN is below the current ROIC(3.89%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.77%
ROE 2.5%
ROIC 3.89%
ROA(3y)-0.44%
ROA(5y)-0.3%
ROE(3y)-1.48%
ROE(5y)-0.99%
ROIC(3y)3.01%
ROIC(5y)2.9%
GOODN Yearly ROA, ROE, ROICGOODN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2 -2

1.3 Margins

GOODN has a Profit Margin (5.73%) which is comparable to the rest of the industry.
The Operating Margin of GOODN (35.64%) is better than 76.98% of its industry peers.
GOODN's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 79.86%, GOODN is doing good in the industry, outperforming 76.19% of the companies in the same industry.
In the last couple of years the Gross Margin of GOODN has declined.
Industry RankSector Rank
OM 35.64%
PM (TTM) 5.73%
GM 79.86%
OM growth 3Y7.49%
OM growth 5Y0.58%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.77%
GM growth 5Y-1.62%
GOODN Yearly Profit, Operating, Gross MarginsGOODN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

More info and screens

2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GOODN is destroying value.
GOODN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
GOODN Yearly Shares OutstandingGOODN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
GOODN Yearly Total Debt VS Total AssetsGOODN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of 0.35, we must say that GOODN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.35, GOODN is not doing good in the industry: 63.49% of the companies in the same industry are doing better.
The Debt to FCF ratio of GOODN is 357.22, which is on the high side as it means it would take GOODN, 357.22 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 357.22, GOODN is in line with its industry, outperforming 46.03% of the companies in the same industry.
A Debt/Equity ratio of 2.04 is on the high side and indicates that GOODN has dependencies on debt financing.
With a Debt to Equity ratio value of 2.04, GOODN is not doing good in the industry: 74.60% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.04
Debt/FCF 357.22
Altman-Z 0.35
ROIC/WACC0.56
WACC6.94%
GOODN Yearly LT Debt VS Equity VS FCFGOODN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

GOODN has a Current Ratio of 1.09. This is a normal value and indicates that GOODN is financially healthy and should not expect problems in meeting its short term obligations.
GOODN has a Current ratio (1.09) which is in line with its industry peers.
A Quick Ratio of 0.42 indicates that GOODN may have some problems paying its short term obligations.
GOODN has a worse Quick ratio (0.42) than 84.92% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 0.42
GOODN Yearly Current Assets VS Current LiabilitesGOODN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M

More info and screens

2

3. Growth

3.1 Past

GOODN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 327.27%, which is quite impressive.
EPS 1Y (TTM)327.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1066.67%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.1%

3.2 Future

GOODN is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.08% yearly.
The Revenue is expected to grow by 2.82% on average over the next years.
EPS Next Y-45.43%
EPS Next 2Y-23.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.84%
Revenue Next 2Y2.93%
Revenue Next 3Y3.39%
Revenue Next 5Y2.82%

3.3 Evolution

GOODN Yearly Revenue VS EstimatesGOODN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 50M 100M 150M
GOODN Yearly EPS VS EstimatesGOODN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.2 -0.2 0.4

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 45.20 indicates a quite expensive valuation of GOODN.
GOODN's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 29.63. GOODN is valued rather expensively when compared to this.
GOODN is valuated quite expensively with a Price/Forward Earnings ratio of 82.83.
GOODN's Price/Forward Earnings is on the same level as the industry average.
GOODN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.68.
Industry RankSector Rank
PE 45.2
Fwd PE 82.83
GOODN Price Earnings VS Forward Price EarningsGOODN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, GOODN is valued a bit more expensive than 61.90% of the companies in the same industry.
GOODN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 547.57
EV/EBITDA 15.99
GOODN Per share dataGOODN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

A cheap valuation may be justified as GOODN's earnings are expected to decrease with -23.08% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-23.08%
EPS Next 3YN/A

More info and screens

5

5. Dividend

5.1 Amount

GOODN has a Yearly Dividend Yield of 7.59%, which is a nice return.
Compared to an average industry Dividend Yield of 18.48, GOODN pays a bit more dividend than its industry peers.
GOODN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
Industry RankSector Rank
Dividend Yield 7.59%

5.2 History

The dividend of GOODN decreases each year by -3.92%.
GOODN has been paying a dividend for over 5 years, so it has already some track record.
As GOODN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-3.92%
Div Incr Years0
Div Non Decr Years5
GOODN Yearly Dividends per shareGOODN Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

GOODN pays out 727.22% of its income as dividend. This is not a sustainable payout ratio.
GOODN's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP727.22%
EPS Next 2Y-23.08%
EPS Next 3YN/A
GOODN Yearly Income VS Free CF VS DividendGOODN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M
GOODN Dividend Payout.GOODN Dividend Payout, showing the Payout Ratio.GOODN Dividend Payout.PayoutRetained Earnings

More info and screens

GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP

NASDAQ:GOODN (2/21/2025, 8:24:16 PM)

22.6

-0.03 (-0.13%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-18 2025-02-18/amc
Earnings (Next)05-05 2025-05-05/amc
Inst Owners47.99%
Inst Owner ChangeN/A
Ins Owners1.27%
Ins Owner Change0%
Market Cap1.06B
Analysts78.18
Price Target24.59 (8.81%)
Short Float %0.01%
Short Ratio0.7
Dividend
Industry RankSector Rank
Dividend Yield 7.59%
Yearly Dividend1.5
Dividend Growth(5Y)-3.92%
DP727.22%
Div Incr Years0
Div Non Decr Years5
Ex-Date03-19 2025-03-19 (0.138021)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-206.4%
Min EPS beat(2)-884.31%
Max EPS beat(2)471.52%
EPS beat(4)3
Avg EPS beat(4)-22.34%
Min EPS beat(4)-884.31%
Max EPS beat(4)471.52%
EPS beat(8)4
Avg EPS beat(8)-112%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.8%
Min Revenue beat(2)1.46%
Max Revenue beat(2)4.13%
Revenue beat(4)2
Avg Revenue beat(4)-0.56%
Min Revenue beat(4)-4.33%
Max Revenue beat(4)4.13%
Revenue beat(8)3
Avg Revenue beat(8)-2.31%
Revenue beat(12)4
Avg Revenue beat(12)-1.67%
Revenue beat(16)5
Avg Revenue beat(16)-1.84%
PT rev (1m)2%
PT rev (3m)4.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)93.75%
EPS NY rev (1m)0%
EPS NY rev (3m)191.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.31%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.42%
Valuation
Industry RankSector Rank
PE 45.2
Fwd PE 82.83
P/S 7.18
P/FCF 547.57
P/OCF 23.06
P/B 3.13
P/tB 4.44
EV/EBITDA 15.99
EPS(TTM)0.5
EY2.21%
EPS(NY)0.27
Fwd EY1.21%
FCF(TTM)0.04
FCFY0.18%
OCF(TTM)0.98
OCFY4.34%
SpS3.15
BVpS7.21
TBVpS5.09
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.77%
ROE 2.5%
ROCE 4.92%
ROIC 3.89%
ROICexc 3.93%
ROICexgc 4.39%
OM 35.64%
PM (TTM) 5.73%
GM 79.86%
FCFM 1.31%
ROA(3y)-0.44%
ROA(5y)-0.3%
ROE(3y)-1.48%
ROE(5y)-0.99%
ROIC(3y)3.01%
ROIC(5y)2.9%
ROICexc(3y)3.04%
ROICexc(5y)2.92%
ROICexgc(3y)3.41%
ROICexgc(5y)3.29%
ROCE(3y)3.81%
ROCE(5y)3.67%
ROICexcg growth 3Y10.89%
ROICexcg growth 5Y3.72%
ROICexc growth 3Y11.18%
ROICexc growth 5Y4.16%
OM growth 3Y7.49%
OM growth 5Y0.58%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.77%
GM growth 5Y-1.62%
F-Score7
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 2.04
Debt/FCF 357.22
Debt/EBITDA 6.33
Cap/Depr 78.19%
Cap/Sales 29.82%
Interest Coverage 250
Cash Conversion 42.19%
Profit Quality 22.86%
Current Ratio 1.09
Quick Ratio 0.42
Altman-Z 0.35
F-Score7
WACC6.94%
ROIC/WACC0.56
Cap/Depr(3y)144.21%
Cap/Depr(5y)187.98%
Cap/Sales(3y)60.62%
Cap/Sales(5y)80.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)327.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1066.67%
EPS Next Y-45.43%
EPS Next 2Y-23.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.1%
Revenue Next Year1.84%
Revenue Next 2Y2.93%
Revenue Next 3Y3.39%
Revenue Next 5Y2.82%
EBIT growth 1Y10.58%
EBIT growth 3Y11.23%
EBIT growth 5Y7.3%
EBIT Next Year207.3%
EBIT Next 3Y49.61%
EBIT Next 5YN/A
FCF growth 1Y102.43%
FCF growth 3YN/A
FCF growth 5Y21.56%
OCF growth 1Y-37.22%
OCF growth 3Y-2.68%
OCF growth 5Y1.66%