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GLADSTONE LAND CORP - LAND 6 PERP (LANDO) Stock Fundamental Analysis

NASDAQ:LANDO - Nasdaq - US3765493099

20.57  +0.3 (+1.48%)

Premarket: 20.3 -0.27 (-1.31%)

Fundamental Rating

3

Taking everything into account, LANDO scores 3 out of 10 in our fundamental rating. LANDO was compared to 28 industry peers in the Specialized REITs industry. Both the profitability and financial health of LANDO have multiple concerns. LANDO does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

LANDO had negative earnings in the past year.
In the past year LANDO had a positive cash flow from operations.
In the past 5 years LANDO always reported negative net income.
LANDO had a positive operating cash flow in each of the past 5 years.
LANDO Yearly Net Income VS EBIT VS OCF VS FCFLANDO 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

Looking at the Return On Assets, with a value of -0.70%, LANDO is doing worse than 85.71% of the companies in the same industry.
LANDO has a worse Return On Equity (-1.34%) than 75.00% of its industry peers.
LANDO's Return On Invested Capital of 2.01% is on the low side compared to the rest of the industry. LANDO is outperformed by 78.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LANDO is below the industry average of 5.21%.
The 3 year average ROIC (1.92%) for LANDO is below the current ROIC(2.01%), indicating increased profibility in the last year.
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%
LANDO Yearly ROA, ROE, ROICLANDO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1 -1 2 -2

1.3 Margins

Looking at the Operating Margin, with a value of 37.19%, LANDO is in line with its industry, outperforming 50.00% of the companies in the same industry.
LANDO's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 85.00%, LANDO belongs to the top of the industry, outperforming 82.14% of the companies in the same industry.
LANDO's Gross Margin has been stable in the last couple of years.
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%
LANDO Yearly Profit, Operating, Gross MarginsLANDO 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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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LANDO is destroying value.
Compared to 1 year ago, LANDO has more shares outstanding
LANDO has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, LANDO has an improved debt to assets ratio.
LANDO Yearly Shares OutstandingLANDO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
LANDO Yearly Total Debt VS Total AssetsLANDO 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

Based on the Altman-Z score of 0.68, we must say that LANDO is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.68, LANDO is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
The Debt to FCF ratio of LANDO is 20.64, which is on the high side as it means it would take LANDO, 20.64 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of LANDO (20.64) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.85 indicates that LANDO is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.85, LANDO is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 20.64
Altman-Z 0.68
ROIC/WACC0.31
WACC6.38%
LANDO Yearly LT Debt VS Equity VS FCFLANDO 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

LANDO has a Current Ratio of 0.61. This is a bad value and indicates that LANDO is not financially healthy enough and could expect problems in meeting its short term obligations.
LANDO has a Current ratio (0.61) which is in line with its industry peers.
A Quick Ratio of 0.61 indicates that LANDO may have some problems paying its short term obligations.
LANDO's Quick ratio of 0.61 is in line compared to the rest of the industry. LANDO outperforms 42.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.61
Quick Ratio 0.61
LANDO Yearly Current Assets VS Current LiabilitesLANDO 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

LANDO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.46%, which is quite good.
The Revenue has decreased by -2.38% in the past year.
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

Based on estimates for the next years, LANDO will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.70% on average per year.
The Revenue is expected to grow by 4.40% on average over the next years.
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

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
LANDO Yearly Revenue VS EstimatesLANDO 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
LANDO Yearly EPS VS EstimatesLANDO 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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1

4. Valuation

4.1 Price/Earnings Ratio

LANDO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for LANDO. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
LANDO Price Earnings VS Forward Price EarningsLANDO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 -60 -80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LANDO indicates a slightly more expensive valuation: LANDO is more expensive than 60.71% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LANDO is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 26.02
EV/EBITDA 19.13
LANDO Per share dataLANDO 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

LANDO has a Yearly Dividend Yield of 5.18%, which is a nice return.
LANDO's Dividend Yield is a higher than the industry average which is at 4.78.
Compared to an average S&P500 Dividend Yield of 2.28, LANDO pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.18%

5.2 History

The dividend of LANDO is nicely growing with an annual growth rate of 18.43%!
LANDO has been paying a dividend for over 5 years, so it has already some track record.
LANDO has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)18.43%
Div Incr Years0
Div Non Decr Years4
LANDO Yearly Dividends per shareLANDO Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

LANDO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
LANDO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-477.84%
EPS Next 2Y-27.08%
EPS Next 3Y9.7%
LANDO Yearly Income VS Free CF VS DividendLANDO 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 6 PERP

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

Premarket: 20.3 -0.27 (-1.31%)

20.57

+0.3 (+1.48%)

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 Cap744.22M
Analysts76.92
Price Target29.57 (43.75%)
Short Float %0.02%
Short Ratio0.4
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 Years4
Ex-Date01-24 2025-01-24 (0.13)
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)7.73%
PT rev (3m)18.96%
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 8.4
P/FCF 26.02
P/OCF 21.03
P/B 1.08
P/tB 1.08
EV/EBITDA 19.13
EPS(TTM)-0.25
EYN/A
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)0.79
FCFY3.84%
OCF(TTM)0.98
OCFY4.75%
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 0.68
F-Score6
WACC6.38%
ROIC/WACC0.31
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%