GLADSTONE LAND CORP (LAND) Stock Fundamental Analysis
USA - NASDAQ:LAND - US3765491010 - REIT
9.19 USD
+0.03 (+0.33%)
9.19 USD
0 (0%)
Overall LAND gets a fundamental rating of 3 out of 10. We evaluated LAND against 30 industry peers in the Specialized REITs industry. While LAND seems to be doing ok healthwise, there are quite some concerns on its profitability. 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.
LAND had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LAND has a Return On Assets of -1.27%. This is in the lower half of the industry: LAND underperforms 73.33% of its industry peers.
LAND's Return On Equity of -2.39% is on the low side compared to the rest of the industry. LAND is outperformed by 63.33% of its industry peers.
With a Return On Invested Capital value of 1.26%, LAND is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
LAND had an Average Return On Invested Capital over the past 3 years of 1.93%. This 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
LAND has a Operating Margin (27.11%) which is comparable to the rest of the industry.
LAND's Operating Margin has declined in the last couple of years.
LAND has a better Gross Margin (81.19%) than 83.33% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LAND is destroying value.
Compared to 1 year ago, LAND has more shares outstanding
LAND has more shares outstanding than it did 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 0.25. This is a bad value and indicates that LAND is not financially healthy and even has some risk of bankruptcy.
LAND has a Altman-Z score of 0.25. This is amonst the worse of the industry: LAND underperforms 83.33% of its industry peers.
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 43.33% of its industry peers.
LAND has a Debt/Equity ratio of 0.83. This is a neutral value indicating LAND is somewhat dependend on debt financing.
LAND has a better Debt to Equity ratio (0.83) than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 49.97 | ||
| Altman-Z | 0.25 |
ROIC/WACC0.19
WACC6.76%
2.3 Liquidity
LAND has a Current 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.
The Current ratio of LAND (1.79) is better than 86.67% 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.
The Quick ratio of LAND (1.79) is better than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
The earnings per share for LAND have decreased strongly by -150.29% in the last year.
Looking at the last year, LAND shows a very negative growth in Revenue. The Revenue has decreased by -18.72% in the last year.
The Revenue has been growing by 15.93% on average over the past years. This is quite good.
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
Based on estimates for the next years, LAND will show a very negative growth in Earnings Per Share. The EPS will decrease by -23.00% on average per year.
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 Y-30.63%
EPS Next 2Y-39.02%
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
The Price/Earnings Ratio is negative for LAND. In the last year negative earnings were reported.
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
Based on the Enterprise Value to EBITDA ratio, LAND is valued a bit cheaper than 73.33% of the companies in the same industry.
LAND's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.86 | ||
| EV/EBITDA | 15.88 |
4.3 Compensation for Growth
A cheap valuation may be justified as LAND's earnings are expected to decrease with -23.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-39.02%
EPS Next 3Y-23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.22%, LAND is a good candidate for dividend investing.
LAND's Dividend Yield is a higher than the industry average which is at 5.77.
Compared to an average S&P500 Dividend Yield of 2.31, LAND pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.22% |
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
LAND has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-276.17%
EPS Next 2Y-39.02%
EPS Next 3Y-23%
9.19
+0.03 (+0.33%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners45.28%
Inst Owner Change0.87%
Ins Owners6.97%
Ins Owner Change0%
Market Cap332.49M
Revenue(TTM)72.77M
Net Income(TTM)-16024000
Analysts76.92
Price Target10.71 (16.54%)
Short Float %6.58%
Short Ratio5.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.22% |
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)8.25%
PT rev (3m)-8.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-125.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-165.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-23.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.57 | ||
| P/FCF | 29.86 | ||
| P/OCF | 17.85 | ||
| P/B | 0.5 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 15.88 |
EPS(TTM)-0.44
EYN/A
EPS(NY)-0.55
Fwd EYN/A
FCF(TTM)0.31
FCFY3.35%
OCF(TTM)0.51
OCFY5.6%
SpS2.01
BVpS18.52
TBVpS18.42
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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%
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-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 | 0.25 |
F-Score3
WACC6.76%
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 Y-30.63%
EPS Next 2Y-39.02%
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 Year92.85%
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%
GLADSTONE LAND CORP / LAND FAQ
What is the fundamental rating for LAND stock?
ChartMill assigns a fundamental rating of 3 / 10 to LAND.
Can you provide the valuation status for GLADSTONE LAND CORP?
ChartMill assigns a valuation rating of 1 / 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.
How financially healthy is GLADSTONE LAND CORP?
The financial health rating of GLADSTONE LAND CORP (LAND) is 4 / 10.
How sustainable is the dividend of GLADSTONE LAND CORP (LAND) stock?
The dividend rating of GLADSTONE LAND CORP (LAND) is 7 / 10 and the dividend payout ratio is -276.17%.