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GLADSTONE LAND CORP - LAND 5 01/31/26 (LANDM) Stock Fundamental Analysis

NASDAQ:LANDM - Nasdaq - US3765495078

24.72  +0.07 (+0.28%)

Fundamental Rating

2

Taking everything into account, LANDM scores 2 out of 10 in our fundamental rating. LANDM was compared to 28 industry peers in the Specialized REITs industry. LANDM may be in some trouble as it scores bad on both profitability and health. LANDM is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

LANDM had negative earnings in the past year.
In the past year LANDM had a positive cash flow from operations.
In the past 5 years LANDM always reported negative net income.
LANDM had a positive operating cash flow in each of the past 5 years.
LANDM Yearly Net Income VS EBIT VS OCF VS FCFLANDM 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 -100M -200M

1.2 Ratios

LANDM's Return On Assets of -0.70% is on the low side compared to the rest of the industry. LANDM is outperformed by 92.86% of its industry peers.
With a Return On Equity value of -1.34%, LANDM is not doing good in the industry: 82.14% of the companies in the same industry are doing better.
LANDM's Return On Invested Capital of 2.01% is on the low side compared to the rest of the industry. LANDM is outperformed by 85.71% of its industry peers.
LANDM had an Average Return On Invested Capital over the past 3 years of 1.92%. This is below the industry average of 5.21%.
The last Return On Invested Capital (2.01%) for LANDM is above the 3 year average (1.92%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.7%
ROE -1.34%
ROIC 2.01%
ROA(3y)-0.8%
ROA(5y)-0.62%
ROE(3y)-1.64%
ROE(5y)-1.39%
ROIC(3y)1.92%
ROIC(5y)1.94%
LANDM Yearly ROA, ROE, ROICLANDM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1 -1 2 -2

1.3 Margins

LANDM's Operating Margin of 37.19% is in line compared to the rest of the industry. LANDM outperforms 42.86% of its industry peers.
LANDM's Operating Margin has improved in the last couple of years.
LANDM has a Gross Margin of 85.00%. This is in the better half of the industry: LANDM outperforms 75.00% of its industry peers.
In the last couple of years the Gross Margin of LANDM has remained more or less at the same level.
Industry RankSector Rank
OM 37.19%
PM (TTM) N/A
GM 85%
OM growth 3Y-8.45%
OM growth 5Y2.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y-0.17%
LANDM Yearly Profit, Operating, Gross MarginsLANDM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

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1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LANDM is destroying value.
Compared to 1 year ago, LANDM has more shares outstanding
Compared to 5 years ago, LANDM has more shares outstanding
Compared to 1 year ago, LANDM has an improved debt to assets ratio.
LANDM Yearly Shares OutstandingLANDM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
LANDM Yearly Total Debt VS Total AssetsLANDM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B

2.2 Solvency

LANDM has an Altman-Z score of 0.82. This is a bad value and indicates that LANDM is not financially healthy and even has some risk of bankruptcy.
LANDM has a Altman-Z score (0.82) which is in line with its industry peers.
The Debt to FCF ratio of LANDM is 20.64, which is on the high side as it means it would take LANDM, 20.64 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of LANDM (20.64) is worse than 64.29% of its industry peers.
LANDM has a Debt/Equity ratio of 0.85. This is a neutral value indicating LANDM is somewhat dependend on debt financing.
The Debt to Equity ratio of LANDM (0.85) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 20.64
Altman-Z 0.82
ROIC/WACC0.3
WACC6.65%
LANDM Yearly LT Debt VS Equity VS FCFLANDM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M

2.3 Liquidity

LANDM has a Current Ratio of 0.61. This is a bad value and indicates that LANDM is not financially healthy enough and could expect problems in meeting its short term obligations.
LANDM has a Current ratio of 0.61. This is in the lower half of the industry: LANDM underperforms 64.29% of its industry peers.
A Quick Ratio of 0.61 indicates that LANDM may have some problems paying its short term obligations.
LANDM's Quick ratio of 0.61 is on the low side compared to the rest of the industry. LANDM is outperformed by 64.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.61
Quick Ratio 0.61
LANDM Yearly Current Assets VS Current LiabilitesLANDM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 11.46% over the past year.
LANDM shows a decrease in Revenue. In the last year, the revenue decreased by -2.38%.
The Revenue has been growing by 19.76% on average over the past years. This is quite good.
EPS 1Y (TTM)11.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-2.38%
Revenue growth 3Y16.6%
Revenue growth 5Y19.76%
Sales Q2Q%-4.09%

3.2 Future

LANDM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.70% yearly.
LANDM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.40% yearly.
EPS Next Y0.83%
EPS Next 2Y-27.08%
EPS Next 3Y9.7%
EPS Next 5YN/A
Revenue Next Year-6.7%
Revenue Next 2Y-1.22%
Revenue Next 3Y1.89%
Revenue Next 5Y4.4%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
LANDM Yearly Revenue VS EstimatesLANDM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20M 40M 60M 80M 100M
LANDM Yearly EPS VS EstimatesLANDM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 -0.2 -0.4

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0

4. Valuation

4.1 Price/Earnings Ratio

LANDM reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year LANDM is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
LANDM Price Earnings VS Forward Price EarningsLANDM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LANDM indicates a slightly more expensive valuation: LANDM is more expensive than 75.00% of the companies listed in the same industry.
64.29% of the companies in the same industry are cheaper than LANDM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 31.27
EV/EBITDA 21.3
LANDM Per share dataLANDM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-27.08%
EPS Next 3Y9.7%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.18%, LANDM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.78, LANDM pays a bit more dividend than its industry peers.
LANDM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 5.18%

5.2 History

On average, the dividend of LANDM grows each year by 18.43%, which is quite nice.
LANDM has been paying a dividend for over 5 years, so it has already some track record.
LANDM has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)18.43%
Div Incr Years0
Div Non Decr Years3
LANDM Yearly Dividends per shareLANDM Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

LANDM has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of LANDM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-477.84%
EPS Next 2Y-27.08%
EPS Next 3Y9.7%
LANDM Yearly Income VS Free CF VS DividendLANDM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100M -200M

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GLADSTONE LAND CORP - LAND 5 01/31/26

NASDAQ:LANDM (1/21/2025, 8:11:12 PM)

24.72

+0.07 (+0.28%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)02-18 2025-02-18/amc
Inst Owners46.52%
Inst Owner ChangeN/A
Ins Owners7.09%
Ins Owner ChangeN/A
Market Cap894.37M
Analysts76.92
Price Target34.72 (40.45%)
Short Float %0%
Short Ratio0.22
Dividend
Industry RankSector Rank
Dividend Yield 5.18%
Yearly Dividend1.27
Dividend Growth(5Y)18.43%
DP-477.84%
Div Incr Years0
Div Non Decr Years3
Ex-Date01-24 2025-01-24 (0.1)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-50.99%
Min EPS beat(2)-51.14%
Max EPS beat(2)-50.83%
EPS beat(4)1
Avg EPS beat(4)29.07%
Min EPS beat(4)-81%
Max EPS beat(4)299.25%
EPS beat(8)3
Avg EPS beat(8)16.32%
EPS beat(12)4
Avg EPS beat(12)1.58%
EPS beat(16)5
Avg EPS beat(16)-25.49%
Revenue beat(2)2
Avg Revenue beat(2)3.08%
Min Revenue beat(2)2.47%
Max Revenue beat(2)3.68%
Revenue beat(4)2
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-10.99%
Max Revenue beat(4)3.68%
Revenue beat(8)3
Avg Revenue beat(8)-1.25%
Revenue beat(12)5
Avg Revenue beat(12)-0.12%
Revenue beat(16)8
Avg Revenue beat(16)0.44%
PT rev (1m)10.49%
PT rev (3m)28.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-71.43%
EPS NY rev (1m)0%
EPS NY rev (3m)-25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.44%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 10.1
P/FCF 31.27
P/OCF 25.27
P/B 1.29
P/tB 1.3
EV/EBITDA 21.3
EPS(TTM)-0.25
EYN/A
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)0.79
FCFY3.2%
OCF(TTM)0.98
OCFY3.96%
SpS2.45
BVpS19.1
TBVpS18.98
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.7%
ROE -1.34%
ROCE 2.54%
ROIC 2.01%
ROICexc 2.03%
ROICexgc 2.17%
OM 37.19%
PM (TTM) N/A
GM 85%
FCFM 32.29%
ROA(3y)-0.8%
ROA(5y)-0.62%
ROE(3y)-1.64%
ROE(5y)-1.39%
ROIC(3y)1.92%
ROIC(5y)1.94%
ROICexc(3y)1.96%
ROICexc(5y)1.98%
ROICexgc(3y)2.05%
ROICexgc(5y)2.04%
ROCE(3y)2.43%
ROCE(5y)2.46%
ROICexcg growth 3Y-0.7%
ROICexcg growth 5Y2.68%
ROICexc growth 3Y-2.04%
ROICexc growth 5Y2.08%
OM growth 3Y-8.45%
OM growth 5Y2.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y-0.17%
F-Score6
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 20.64
Debt/EBITDA 8.55
Cap/Depr 18.76%
Cap/Sales 7.66%
Interest Coverage 250
Cash Conversion 51.21%
Profit Quality N/A
Current Ratio 0.61
Quick Ratio 0.61
Altman-Z 0.82
F-Score6
WACC6.65%
ROIC/WACC0.3
Cap/Depr(3y)448.21%
Cap/Depr(5y)1006.17%
Cap/Sales(3y)165.07%
Cap/Sales(5y)323.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y0.83%
EPS Next 2Y-27.08%
EPS Next 3Y9.7%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.38%
Revenue growth 3Y16.6%
Revenue growth 5Y19.76%
Sales Q2Q%-4.09%
Revenue Next Year-6.7%
Revenue Next 2Y-1.22%
Revenue Next 3Y1.89%
Revenue Next 5Y4.4%
EBIT growth 1Y-4.91%
EBIT growth 3Y6.75%
EBIT growth 5Y22.67%
EBIT Next Year97.12%
EBIT Next 3Y32.6%
EBIT Next 5YN/A
FCF growth 1Y115.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y0.85%
OCF growth 3Y17.04%
OCF growth 5Y30.95%