9.58 USD
+0.15 (+1.59%)
9.58 USD
0 (0%)
LAND gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. Both the profitability and financial health of LAND have multiple concerns. LAND does not seem to be growing, but still is valued expensively. Finally LAND also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year LAND has reported negative net income.
In the past year LAND had a positive cash flow from operations.
LAND had negative earnings in each of the past 5 years.
In the past 5 years LAND always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.15%, LAND is doing worse than 70.00% of the companies in the same industry.
The Return On Equity of LAND (-2.14%) is worse than 63.33% of its industry peers.
LAND's Return On Invested Capital of 1.01% is on the low side compared to the rest of the industry. LAND is outperformed by 73.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LAND is below the industry average of 4.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.15% | ||
| ROE | -2.14% | ||
| ROIC | 1.01% |
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
LAND's Operating Margin of 22.88% is in line compared to the rest of the industry. LAND outperforms 46.67% of its industry peers.
In the last couple of years the Operating Margin of LAND has declined.
Looking at the Gross Margin, with a value of 79.97%, LAND belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
In the last couple of years the Gross Margin of LAND has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.88% | ||
| PM (TTM) | N/A | ||
| GM | 79.97% |
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.
Compared to 1 year ago, LAND has more shares outstanding
The number of shares outstanding for LAND has been increased compared to 5 years ago.
The debt/assets ratio for LAND has been reduced compared to a year ago.
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 80.00% of the companies in the same industry.
LAND has a debt to FCF ratio of 819.08. This is a negative value and a sign of low solvency as LAND would need 819.08 years to pay back of all of its debts.
LAND has a Debt to FCF ratio of 819.08. This is in the lower half of the industry: LAND underperforms 60.00% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that LAND is somewhat dependend on debt financing.
The Debt to Equity ratio of LAND (0.82) is better than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 819.08 | ||
| Altman-Z | 0.24 |
ROIC/WACC0.15
WACC6.97%
2.3 Liquidity
LAND has a Current Ratio of 0.89. This is a bad value and indicates that LAND is not financially healthy enough and could expect problems in meeting its short term obligations.
LAND has a better Current ratio (0.89) than 66.67% of its industry peers.
LAND has a Quick Ratio of 0.89. This is a bad value and indicates that LAND is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Quick ratio value of 0.89, LAND is doing good in the industry, outperforming 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
The earnings per share for LAND have decreased strongly by -52.16% in the last year.
The Revenue for LAND has decreased by -23.25% in the past year. This is quite bad
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)-52.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%31.25%
Revenue 1Y (TTM)-23.25%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-21.2%
3.2 Future
LAND is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.64% yearly.
LAND is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.70% yearly.
EPS Next Y80.91%
EPS Next 2Y-20.64%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue Next Year-6.12%
Revenue Next 2Y-0.55%
Revenue Next 3Y0.17%
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
The Price/Earnings Ratio is negative for LAND. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for LAND. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
LAND's Enterprise Value to EBITDA ratio is in line with the industry average.
LAND's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. LAND is more expensive than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 540.98 | ||
| EV/EBITDA | 17.83 |
4.3 Compensation for Growth
A cheap valuation may be justified as LAND's earnings are expected to decrease with -13.64% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-20.64%
EPS Next 3Y-13.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.96%, LAND is a good candidate for dividend investing.
LAND's Dividend Yield is a higher than the industry average which is at 5.69.
Compared to an average S&P500 Dividend Yield of 1.92, LAND pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.96% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.11%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
The earnings of LAND are negative and hence is the payout ratio. LAND will probably not be able to sustain this dividend level.
DP-312.9%
EPS Next 2Y-20.64%
EPS Next 3Y-13.64%
9.58
+0.15 (+1.59%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners45.48%
Inst Owner Change0.01%
Ins Owners6.77%
Ins Owner Change0%
Market Cap357.05M
Revenue(TTM)67.98M
Net Income(TTM)-14.15M
Analysts73.85
Price Target11.05 (15.34%)
Short Float %5.44%
Short Ratio4.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.96% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-312.9%
Div Incr Years10
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.99%
Min EPS beat(2)-71.29%
Max EPS beat(2)59.3%
EPS beat(4)2
Avg EPS beat(4)111.39%
Min EPS beat(4)-71.29%
Max EPS beat(4)480.09%
EPS beat(8)3
Avg EPS beat(8)70.23%
EPS beat(12)5
Avg EPS beat(12)48.01%
EPS beat(16)6
Avg EPS beat(16)29.03%
Revenue beat(2)1
Avg Revenue beat(2)-3.62%
Min Revenue beat(2)-22.85%
Max Revenue beat(2)15.61%
Revenue beat(4)3
Avg Revenue beat(4)-1.52%
Min Revenue beat(4)-22.85%
Max Revenue beat(4)15.61%
Revenue beat(8)5
Avg Revenue beat(8)-1.49%
Revenue beat(12)6
Avg Revenue beat(12)-1.34%
Revenue beat(16)8
Avg Revenue beat(16)-0.47%
PT rev (1m)0%
PT rev (3m)3.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)522.23%
EPS NY rev (1m)0%
EPS NY rev (3m)85.39%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)20.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)11.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 5.25 | ||
| P/FCF | 540.98 | ||
| P/OCF | 44.84 | ||
| P/B | 0.54 | ||
| P/tB | 0.54 | ||
| EV/EBITDA | 17.83 |
EPS(TTM)-0.39
EYN/A
EPS(NY)-0.41
Fwd EYN/A
FCF(TTM)0.02
FCFY0.18%
OCF(TTM)0.21
OCFY2.23%
SpS1.82
BVpS17.76
TBVpS17.66
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.15% | ||
| ROE | -2.14% | ||
| ROCE | 1.28% | ||
| ROIC | 1.01% | ||
| ROICexc | 1.02% | ||
| ROICexgc | 1.06% | ||
| OM | 22.88% | ||
| PM (TTM) | N/A | ||
| GM | 79.97% | ||
| FCFM | 0.97% |
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%
ROICexgc growth 3Y1.97%
ROICexgc 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-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 819.08 | ||
| Debt/EBITDA | 10.94 | ||
| Cap/Depr | 21.57% | ||
| Cap/Sales | 10.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 16.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 0.24 |
F-Score4
WACC6.97%
ROIC/WACC0.15
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)-52.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%31.25%
EPS Next Y80.91%
EPS Next 2Y-20.64%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-23.25%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-21.2%
Revenue Next Year-6.12%
Revenue Next 2Y-0.55%
Revenue Next 3Y0.17%
Revenue Next 5Y6.7%
EBIT growth 1Y-52.78%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year100.14%
EBIT Next 3Y31.82%
EBIT Next 5YN/A
FCF growth 1Y-97.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-81.65%
OCF growth 3Y-3%
OCF growth 5Y6.7%
GLADSTONE LAND CORP / LAND FAQ
What is the fundamental rating for LAND stock?
ChartMill assigns a fundamental rating of 2 / 10 to LAND.
What is the valuation status for LAND stock?
ChartMill assigns a valuation rating of 0 / 10 to GLADSTONE LAND CORP (LAND). This can be considered as Overvalued.
What is the profitability of LAND stock?
GLADSTONE LAND CORP (LAND) has a profitability rating of 2 / 10.
Is the dividend of GLADSTONE LAND CORP sustainable?
The dividend rating of GLADSTONE LAND CORP (LAND) is 7 / 10 and the dividend payout ratio is -312.9%.