GLADSTONE LAND CORP - LAND 6 PERP (LANDP) Stock Fundamental Analysis
NASDAQ:LANDP - Nasdaq - US3765494089 - Currency: USD
Taking everything into account, LANDP scores 3 out of 10 in our fundamental rating. LANDP was compared to 30 industry peers in the Specialized REITs industry. While LANDP seems to be doing ok healthwise, there are quite some concerns on its profitability. LANDP has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year LANDP has reported negative net income.
LANDP had a positive operating cash flow in the past year.
LANDP had negative earnings in each of the past 5 years.
In the past 5 years LANDP always reported a positive cash flow from operatings.
1.2 Ratios
LANDP's Return On Assets of -0.69% is on the low side compared to the rest of the industry. LANDP is outperformed by 80.00% of its industry peers.
LANDP has a Return On Equity of -1.28%. This is in the lower half of the industry: LANDP underperforms 70.00% of its industry peers.
With a Return On Invested Capital value of 1.74%, LANDP is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
LANDP had an Average Return On Invested Capital over the past 3 years of 1.93%. This is below the industry average of 5.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.69% | ||
| ROE | -1.28% | ||
| ROIC | 1.74% |
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
LANDP has a Operating Margin of 34.03%. This is comparable to the rest of the industry: LANDP outperforms 46.67% of its industry peers.
In the last couple of years the Operating Margin of LANDP has declined.
Looking at the Gross Margin, with a value of 83.18%, LANDP is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
LANDP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.03% | ||
| PM (TTM) | N/A | ||
| GM | 83.18% |
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 LANDP is destroying value.
The number of shares outstanding for LANDP has been increased compared to 1 year ago.
The number of shares outstanding for LANDP has been increased compared to 5 years ago.
The debt/assets ratio for LANDP has been reduced compared to a year ago.
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.
The Altman-Z score of LANDP (0.69) is worse than 66.67% of its industry peers.
The Debt to FCF ratio of LANDP is 22.28, which is on the high side as it means it would take LANDP, 22.28 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 22.28, LANDP is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
LANDP has a Debt/Equity ratio of 0.81. This is a neutral value indicating LANDP is somewhat dependend on debt financing.
The Debt to Equity ratio of LANDP (0.81) is better than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 22.28 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.24
WACC7.21%
2.3 Liquidity
LANDP has a Current Ratio of 2.25. This indicates that LANDP is financially healthy and has no problem in meeting its short term obligations.
LANDP has a Current ratio of 2.25. This is in the better half of the industry: LANDP outperforms 80.00% of its industry peers.
A Quick Ratio of 2.25 indicates that LANDP has no problem at all paying its short term obligations.
LANDP has a Quick ratio of 2.25. This is in the better half of the industry: LANDP outperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.25 | ||
| Quick Ratio | 2.25 |
3. Growth
3.1 Past
The earnings per share for LANDP have decreased strongly by -505.00% in the last year.
The Revenue has decreased by -8.58% in the past year.
The Revenue has been growing by 15.93% on average over the past years. This is quite good.
EPS 1Y (TTM)-505%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)-8.58%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-17.03%
3.2 Future
The Earnings Per Share is expected to decrease by -13.64% on average over the next years. This is quite bad
Based on estimates for the next years, LANDP will show a small growth in Revenue. The Revenue will grow by 6.70% on average per year.
EPS Next Y50.79%
EPS Next 2Y-32.43%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue Next Year-6.23%
Revenue Next 2Y0.62%
Revenue Next 3Y1.08%
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
LANDP 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 LANDP. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
60.00% 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 | 28.77 | ||
| EV/EBITDA | 19.61 |
4.3 Compensation for Growth
A cheap valuation may be justified as LANDP's earnings are expected to decrease with -13.64% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-32.43%
EPS Next 3Y-13.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.24%, LANDP is a good candidate for dividend investing.
LANDP's Dividend Yield is a higher than the industry average which is at 5.77.
LANDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
5.2 History
On average, the dividend of LANDP grows each year by 11.11%, 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)11.11%
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.
DP-503.5%
EPS Next 2Y-32.43%
EPS Next 3Y-13.64%
GLADSTONE LAND CORP - LAND 6 PERP
NASDAQ:LANDP (7/11/2025, 8:00:02 PM)
19.945
+0.32 (+1.6%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners46.06%
Inst Owner ChangeN/A
Ins Owners6.97%
Ins Owner ChangeN/A
Market Cap721.61M
Analysts76.92
Price Target22.55 (13.06%)
Short Float %0.01%
Short Ratio0.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-503.5%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)228.77%
Min EPS beat(2)-22.55%
Max EPS beat(2)480.09%
EPS beat(4)1
Avg EPS beat(4)88.89%
Min EPS beat(4)-51.14%
Max EPS beat(4)480.09%
EPS beat(8)4
Avg EPS beat(8)90.85%
EPS beat(12)4
Avg EPS beat(12)44.73%
EPS beat(16)6
Avg EPS beat(16)26.67%
Revenue beat(2)2
Avg Revenue beat(2)0.58%
Min Revenue beat(2)0.02%
Max Revenue beat(2)1.13%
Revenue beat(4)4
Avg Revenue beat(4)1.83%
Min Revenue beat(4)0.02%
Max Revenue beat(4)3.68%
Revenue beat(8)5
Avg Revenue beat(8)-0.39%
Revenue beat(12)6
Avg Revenue beat(12)-0.35%
Revenue beat(16)8
Avg Revenue beat(16)0.34%
PT rev (1m)-18.29%
PT rev (3m)-10.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-29.85%
EPS NY rev (1m)42.11%
EPS NY rev (3m)56.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 8.83 | ||
| P/FCF | 28.77 | ||
| P/OCF | 23.59 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 19.61 |
EPS(TTM)-0.24
EYN/A
EPS(NY)-0.5
Fwd EYN/A
FCF(TTM)0.69
FCFY3.48%
OCF(TTM)0.85
OCFY4.24%
SpS2.26
BVpS19.07
TBVpS18.96
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.69% | ||
| ROE | -1.28% | ||
| ROCE | 2.2% | ||
| ROIC | 1.74% | ||
| ROICexc | 1.8% | ||
| ROICexgc | 1.93% | ||
| OM | 34.03% | ||
| PM (TTM) | N/A | ||
| GM | 83.18% | ||
| FCFM | 30.67% |
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%
ROICexcg growth 3Y1.97%
ROICexcg 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 | 0.81 | ||
| Debt/FCF | 22.28 | ||
| Debt/EBITDA | 8.94 | ||
| Cap/Depr | 15.9% | ||
| Cap/Sales | 6.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 48.94% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.25 | ||
| Quick Ratio | 2.25 | ||
| Altman-Z | 0.69 |
F-Score4
WACC7.21%
ROIC/WACC0.24
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)-505%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y50.79%
EPS Next 2Y-32.43%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.58%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-17.03%
Revenue Next Year-6.23%
Revenue Next 2Y0.62%
Revenue Next 3Y1.08%
Revenue Next 5Y6.7%
EBIT growth 1Y-16.76%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year119.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y161.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-25.29%
OCF growth 3Y-3%
OCF growth 5Y6.7%