GLADSTONE LAND CORP - LAND 6 PERP (LANDP) Stock Fundamental Analysis
NASDAQ:LANDP - Nasdaq - US3765494089
Taking everything into account, LANDP scores 2 out of 10 in our fundamental rating. LANDP was compared to 28 industry peers in the Specialized REITs industry. LANDP has a bad profitability rating. Also its financial health evaluation is rather negative. LANDP has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
LANDP had negative earnings in the past year.
LANDP had a positive operating cash flow in the past year.
In the past 5 years LANDP always reported negative net income.
Each year in the past 5 years LANDP had a positive operating cash flow.
1.2 Ratios
LANDP has a Return On Assets of -0.70%. This is amonst the worse of the industry: LANDP underperforms 89.29% of its industry peers.
LANDP has a worse Return On Equity (-1.34%) than 78.57% of its industry peers.
LANDP's Return On Invested Capital of 2.01% is on the low side compared to the rest of the industry. LANDP is outperformed by 82.14% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LANDP is below the industry average of 5.21%.
The 3 year average ROIC (1.92%) for LANDP is below the current ROIC(2.01%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
LANDP's Operating Margin of 37.19% is in line compared to the rest of the industry. LANDP outperforms 46.43% of its industry peers.
LANDP's Operating Margin has improved in the last couple of years.
LANDP has a Gross Margin of 85.00%. This is in the better half of the industry: LANDP outperforms 78.57% of its industry peers.
In the last couple of years the Gross Margin of LANDP has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LANDP is destroying value.
Compared to 1 year ago, LANDP has more shares outstanding
The number of shares outstanding for LANDP has been increased compared to 5 years ago.
Compared to 1 year ago, LANDP has an improved debt to assets ratio.
2.2 Solvency
LANDP has an Altman-Z score of 0.69. This is a bad value and indicates that LANDP is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.69, LANDP is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
LANDP has a debt to FCF ratio of 20.64. This is a negative value and a sign of low solvency as LANDP would need 20.64 years to pay back of all of its debts.
LANDP has a worse Debt to FCF ratio (20.64) than 60.71% of its industry peers.
LANDP has a Debt/Equity ratio of 0.85. This is a neutral value indicating LANDP is somewhat dependend on debt financing.
The Debt to Equity ratio of LANDP (0.85) is better than 60.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 20.64 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.31
WACC6.39%
2.3 Liquidity
LANDP has a Current Ratio of 0.61. This is a bad value and indicates that LANDP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of LANDP (0.61) is worse than 60.71% of its industry peers.
LANDP has a Quick Ratio of 0.61. This is a bad value and indicates that LANDP is not financially healthy enough and could expect problems in meeting its short term obligations.
LANDP has a Quick ratio of 0.61. This is in the lower half of the industry: LANDP underperforms 60.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
LANDP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.46%, which is quite good.
Looking at the last year, LANDP shows a decrease in Revenue. The Revenue has decreased by -2.38% in the last year.
LANDP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.76% yearly.
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, LANDP will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.70% on average per year.
Based on estimates for the next years, LANDP will show a small growth in Revenue. The Revenue will grow by 4.40% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
LANDP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year LANDP 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
64.29% of the companies in the same industry are cheaper than LANDP, based on the Enterprise Value to EBITDA ratio.
LANDP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.25 | ||
| EV/EBITDA | 19.22 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-27.08%
EPS Next 3Y9.7%
5. Dividend
5.1 Amount
LANDP has a Yearly Dividend Yield of 5.18%, which is a nice return.
Compared to an average industry Dividend Yield of 4.78, LANDP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, LANDP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.18% |
5.2 History
On average, the dividend of LANDP grows each year by 18.43%, which is quite nice.
LANDP has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)18.43%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LANDP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
LANDP'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%
GLADSTONE LAND CORP - LAND 6 PERP
NASDAQ:LANDP (1/21/2025, 8:11:12 PM)
20.75
+0.31 (+1.52%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners46.52%
Inst Owner ChangeN/A
Ins Owners7.09%
Ins Owner ChangeN/A
Market Cap750.74M
Analysts76.92
Price Target30.19 (45.49%)
Short Float %0.02%
Short Ratio0.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.18% |
Yearly Dividend1.27
Dividend Growth(5Y)18.43%
DP-477.84%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)12.11%
PT rev (3m)23.15%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 8.48 | ||
| P/FCF | 26.25 | ||
| P/OCF | 21.21 | ||
| P/B | 1.09 | ||
| P/tB | 1.09 | ||
| EV/EBITDA | 19.22 |
EPS(TTM)-0.25
EYN/A
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)0.79
FCFY3.81%
OCF(TTM)0.98
OCFY4.71%
SpS2.45
BVpS19.1
TBVpS18.98
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.69 |
F-Score6
WACC6.39%
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%