GLADSTONE LAND CORP (LAND) Stock Fundamental Analysis
USA - NASDAQ:LAND - US3765491010 - REIT
9 USD
+0.06 (+0.67%)
9 USD
0 (0%)
LAND gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 29 industry peers in the Specialized REITs industry. LAND scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. LAND is valued expensive and it does not seem to be growing. LAND also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
LAND had negative earnings in the past year.
In the past year LAND had a positive cash flow from operations.
In the past 5 years LAND always reported negative net income.
In the past 5 years LAND always reported a positive cash flow from operatings.
1.2 Ratios
LAND's Return On Assets of -1.27% is on the low side compared to the rest of the industry. LAND is outperformed by 75.86% of its industry peers.
LAND has a Return On Equity of -2.39%. This is in the lower half of the industry: LAND underperforms 65.52% of its industry peers.
LAND's Return On Invested Capital of 1.26% is on the low side compared to the rest of the industry. LAND is outperformed by 79.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LAND is below the industry average of 4.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.27% | ||
| ROE | -2.39% | ||
| ROIC | 1.26% |
ROA(3y)-0.85%
ROA(5y)-0.72%
ROE(3y)-1.65%
ROE(5y)-1.52%
ROIC(3y)1.93%
ROIC(5y)1.95%
1.3 Margins
The Operating Margin of LAND (27.11%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of LAND has declined.
Looking at the Gross Margin, with a value of 81.19%, LAND belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
LAND's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.11% | ||
| PM (TTM) | N/A | ||
| GM | 81.19% |
OM growth 3Y-4.35%
OM growth 5Y-4.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.65%
GM growth 5Y-0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LAND is destroying value.
LAND has more shares outstanding than it did 1 year ago.
LAND has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, LAND has an improved debt to assets ratio.
2.2 Solvency
LAND has an Altman-Z score of 0.24. This is a bad value and indicates that LAND is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.24, LAND is doing worse than 86.21% of the companies in the same industry.
The Debt to FCF ratio of LAND is 49.97, which is on the high side as it means it would take LAND, 49.97 years of fcf income to pay off all of its debts.
LAND's Debt to FCF ratio of 49.97 is in line compared to the rest of the industry. LAND outperforms 41.38% of its industry peers.
A Debt/Equity ratio of 0.83 indicates that LAND is somewhat dependend on debt financing.
LAND has a Debt to Equity ratio of 0.83. This is in the better half of the industry: LAND outperforms 72.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 49.97 | ||
| Altman-Z | 0.24 |
ROIC/WACC0.19
WACC6.77%
2.3 Liquidity
A Current Ratio of 1.79 indicates that LAND should not have too much problems paying its short term obligations.
LAND has a better Current ratio (1.79) than 86.21% of its industry peers.
LAND has a Quick Ratio of 1.79. This is a normal value and indicates that LAND is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.79, LAND belongs to the top of the industry, outperforming 86.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
LAND shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -150.29%.
Looking at the last year, LAND shows a very negative growth in Revenue. The Revenue has decreased by -18.72% in the last year.
Measured over the past years, LAND shows a quite strong growth in Revenue. The Revenue has been growing by 15.93% on average per year.
EPS 1Y (TTM)-150.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105.41%
Revenue 1Y (TTM)-18.72%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-42.26%
3.2 Future
The Earnings Per Share is expected to decrease by -23.00% on average over the next years. This is quite bad
Based on estimates for the next years, LAND will show a small growth in Revenue. The Revenue will grow by 6.70% on average per year.
EPS Next Y6.05%
EPS Next 2Y-33.1%
EPS Next 3Y-23%
EPS Next 5YN/A
Revenue Next Year-15.72%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.21%
Revenue Next 5Y6.7%
3.3 Evolution
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
LAND reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year LAND is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LAND indicates a somewhat cheap valuation: LAND is cheaper than 75.86% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as LAND.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.24 | ||
| EV/EBITDA | 15.78 |
4.3 Compensation for Growth
LAND's earnings are expected to decrease with -23.00% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-33.1%
EPS Next 3Y-23%
5. Dividend
5.1 Amount
LAND has a Yearly Dividend Yield of 7.54%, which is a nice return.
Compared to an average industry Dividend Yield of 5.99, LAND pays a better dividend. On top of this LAND pays more dividend than 86.21% of the companies listed in the same industry.
LAND's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.54% |
5.2 History
The dividend of LAND is nicely growing with an annual growth rate of 11.11%!
LAND has been paying a dividend for at least 10 years, so it has a reliable track record.
LAND has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.11%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
LAND has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-276.17%
EPS Next 2Y-33.1%
EPS Next 3Y-23%
9
+0.06 (+0.67%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners47.53%
Inst Owner Change0.91%
Ins Owners6.97%
Ins Owner Change0%
Market Cap325.62M
Analysts76.92
Price Target9.89 (9.89%)
Short Float %5.92%
Short Ratio4.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.54% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-276.17%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)204.4%
Min EPS beat(2)-71.29%
Max EPS beat(2)480.09%
EPS beat(4)1
Avg EPS beat(4)83.86%
Min EPS beat(4)-71.29%
Max EPS beat(4)480.09%
EPS beat(8)3
Avg EPS beat(8)64.81%
EPS beat(12)4
Avg EPS beat(12)38.91%
EPS beat(16)6
Avg EPS beat(16)26.86%
Revenue beat(2)1
Avg Revenue beat(2)-11.41%
Min Revenue beat(2)-22.85%
Max Revenue beat(2)0.02%
Revenue beat(4)3
Avg Revenue beat(4)-4.81%
Min Revenue beat(4)-22.85%
Max Revenue beat(4)2.47%
Revenue beat(8)5
Avg Revenue beat(8)-2.84%
Revenue beat(12)6
Avg Revenue beat(12)-1.96%
Revenue beat(16)8
Avg Revenue beat(16)-0.99%
PT rev (1m)-15.04%
PT rev (3m)-15.04%
EPS NQ rev (1m)-125.53%
EPS NQ rev (3m)-125.53%
EPS NY rev (1m)-90.91%
EPS NY rev (3m)-10.53%
Revenue NQ rev (1m)-4.57%
Revenue NQ rev (3m)-23.48%
Revenue NY rev (1m)-10.12%
Revenue NY rev (3m)-10.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.47 | ||
| P/FCF | 29.24 | ||
| P/OCF | 17.48 | ||
| P/B | 0.49 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | 15.78 |
EPS(TTM)-0.44
EYN/A
EPS(NY)-0.5
Fwd EYN/A
FCF(TTM)0.31
FCFY3.42%
OCF(TTM)0.51
OCFY5.72%
SpS2.01
BVpS18.52
TBVpS18.42
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.27% | ||
| ROE | -2.39% | ||
| ROCE | 1.59% | ||
| ROIC | 1.26% | ||
| ROICexc | 1.29% | ||
| ROICexgc | 1.33% | ||
| OM | 27.11% | ||
| PM (TTM) | N/A | ||
| GM | 81.19% | ||
| FCFM | 15.3% |
ROA(3y)-0.85%
ROA(5y)-0.72%
ROE(3y)-1.65%
ROE(5y)-1.52%
ROIC(3y)1.93%
ROIC(5y)1.95%
ROICexc(3y)1.98%
ROICexc(5y)1.98%
ROICexgc(3y)2.09%
ROICexgc(5y)2.07%
ROCE(3y)2.44%
ROCE(5y)2.47%
ROICexcg growth 3Y1.97%
ROICexcg growth 5Y1.31%
ROICexc growth 3Y0.88%
ROICexc growth 5Y0.2%
OM growth 3Y-4.35%
OM growth 5Y-4.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.65%
GM growth 5Y-0.26%
F-Score3
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 49.97 | ||
| Debt/EBITDA | 10.31 | ||
| Cap/Depr | 21.88% | ||
| Cap/Sales | 10.3% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 34.51% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.79 | ||
| Altman-Z | 0.24 |
F-Score3
WACC6.77%
ROIC/WACC0.19
Cap/Depr(3y)93.88%
Cap/Depr(5y)598.97%
Cap/Sales(3y)37.45%
Cap/Sales(5y)195.81%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-150.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105.41%
EPS Next Y6.05%
EPS Next 2Y-33.1%
EPS Next 3Y-23%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.72%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-42.26%
Revenue Next Year-15.72%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.21%
Revenue Next 5Y6.7%
EBIT growth 1Y-40.9%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year119.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y273.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-60.37%
OCF growth 3Y-3%
OCF growth 5Y6.7%