LTC PROPERTIES INC (LTC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LTC - US5021751020 - REIT
34.38 USD
-0.25 (-0.72%)
34.302 USD
-0.08 (-0.23%)
Taking everything into account, LTC scores 4 out of 10 in our fundamental rating. LTC was compared to 127 industry peers in the Diversified REITs industry. LTC has a medium profitability rating, but doesn't score so well on its financial health evaluation. LTC does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year LTC was profitable.
In the past year LTC had a positive cash flow from operations.
LTC had positive earnings in each of the past 5 years.
LTC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LTC has a Return On Assets (1.62%) which is comparable to the rest of the industry.
LTC's Return On Equity of 3.47% is in line compared to the rest of the industry. LTC outperforms 58.27% of its industry peers.
The Return On Invested Capital of LTC (3.24%) is better than 62.20% of its industry peers.
LTC had an Average Return On Invested Capital over the past 3 years of 5.29%. This is above the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 3.47% | ||
| ROIC | 3.24% |
ROA(3y)5.29%
ROA(5y)5.21%
ROE(3y)10.51%
ROE(5y)10.28%
ROIC(3y)5.29%
ROIC(5y)4.97%
1.3 Margins
LTC's Profit Margin of 14.37% is fine compared to the rest of the industry. LTC outperforms 61.42% of its industry peers.
LTC's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 35.30%, LTC is in the better half of the industry, outperforming 72.44% of the companies in the same industry.
In the last couple of years the Operating Margin of LTC has remained more or less at the same level.
Looking at the Gross Margin, with a value of 83.40%, LTC belongs to the top of the industry, outperforming 84.25% of the companies in the same industry.
LTC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.3% | ||
| PM (TTM) | 14.37% | ||
| GM | 83.4% |
OM growth 3Y7.44%
OM growth 5Y1.11%
PM growth 3Y6.47%
PM growth 5Y-0.08%
GM growth 3Y1.37%
GM growth 5Y0.63%
2. Health
2.1 Basic Checks
LTC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for LTC has been increased compared to 1 year ago.
LTC has more shares outstanding than it did 5 years ago.
LTC has a better debt/assets ratio than last year.
2.2 Solvency
LTC has an Altman-Z score of 1.02. This is a bad value and indicates that LTC is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.02, LTC is doing good in the industry, outperforming 77.17% of the companies in the same industry.
A Debt/Equity ratio of 0.99 indicates that LTC is somewhat dependend on debt financing.
The Debt to Equity ratio of LTC (0.99) is better than 61.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.02 |
ROIC/WACC0.45
WACC7.26%
2.3 Liquidity
LTC has a Current Ratio of 1.11. This is a normal value and indicates that LTC is financially healthy and should not expect problems in meeting its short term obligations.
LTC has a Current ratio (1.11) which is comparable to the rest of the industry.
LTC has a Quick Ratio of 1.11. This is a normal value and indicates that LTC is financially healthy and should not expect problems in meeting its short term obligations.
LTC has a Quick ratio of 1.11. This is comparable to the rest of the industry: LTC outperforms 55.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
LTC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -60.09%.
Measured over the past years, LTC shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.48% on average per year.
The Revenue for LTC has decreased by -10.70% in the past year. This is quite bad
Measured over the past years, LTC shows a small growth in Revenue. The Revenue has been growing by 2.52% on average per year.
EPS 1Y (TTM)-60.09%
EPS 3Y13.29%
EPS 5Y-0.48%
EPS Q2Q%-166.67%
Revenue 1Y (TTM)-10.7%
Revenue growth 3Y10.55%
Revenue growth 5Y2.52%
Sales Q2Q%11.66%
3.2 Future
The Earnings Per Share is expected to decrease by -2.52% on average over the next years.
LTC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.86% yearly.
EPS Next Y-7.18%
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
EPS Next 5YN/A
Revenue Next Year-26.03%
Revenue Next 2Y-4.81%
Revenue Next 3Y-3.86%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
LTC is valuated quite expensively with a Price/Earnings ratio of 36.97.
Compared to the rest of the industry, the Price/Earnings ratio of LTC is on the same level as its industry peers.
LTC is valuated rather expensively when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 17.42, the valuation of LTC can be described as rather expensive.
LTC's Price/Forward Earnings ratio is rather cheap when compared to the industry. LTC is cheaper than 95.28% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.13. LTC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.97 | ||
| Fwd PE | 17.42 |
4.2 Price Multiples
85.04% of the companies in the same industry are cheaper than LTC, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.78 |
4.3 Compensation for Growth
LTC has a very decent profitability rating, which may justify a higher PE ratio.
LTC's earnings are expected to decrease with -2.52% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.66%, LTC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.43, LTC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, LTC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.66% |
5.2 History
The dividend of LTC decreases each year by -0.14%.
LTC has paid a dividend for at least 10 years, which is a reliable track record.
LTC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.14%
Div Incr Years0
Div Non Decr Years22
5.3 Sustainability
318.68% of the earnings are spent on dividend by LTC. This is not a sustainable payout ratio.
The Dividend Rate of LTC has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP318.68%
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
34.38
-0.25 (-0.72%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners81.37%
Inst Owner Change5.63%
Ins Owners2.02%
Ins Owner Change0.43%
Market Cap1.64B
Revenue(TTM)231.14M
Net Income(TTM)33.22M
Analysts68.33
Price Target38.91 (13.18%)
Short Float %4.38%
Short Ratio5.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.66% |
Yearly Dividend2.27
Dividend Growth(5Y)-0.14%
DP318.68%
Div Incr Years0
Div Non Decr Years22
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-139.19%
Min EPS beat(2)-242.37%
Max EPS beat(2)-36.01%
EPS beat(4)0
Avg EPS beat(4)-75.57%
Min EPS beat(4)-242.37%
Max EPS beat(4)-2.72%
EPS beat(8)3
Avg EPS beat(8)-29.31%
EPS beat(12)5
Avg EPS beat(12)-18.76%
EPS beat(16)6
Avg EPS beat(16)-1.52%
Revenue beat(2)2
Avg Revenue beat(2)78.78%
Min Revenue beat(2)71.75%
Max Revenue beat(2)85.81%
Revenue beat(4)4
Avg Revenue beat(4)56.47%
Min Revenue beat(4)25.77%
Max Revenue beat(4)85.81%
Revenue beat(8)8
Avg Revenue beat(8)33.9%
Revenue beat(12)12
Avg Revenue beat(12)28.79%
Revenue beat(16)16
Avg Revenue beat(16)30.47%
PT rev (1m)0.38%
PT rev (3m)0.82%
EPS NQ rev (1m)161.63%
EPS NQ rev (3m)163.67%
EPS NY rev (1m)18.3%
EPS NY rev (3m)0.48%
Revenue NQ rev (1m)4.16%
Revenue NQ rev (3m)4.45%
Revenue NY rev (1m)0.9%
Revenue NY rev (3m)-6.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.97 | ||
| Fwd PE | 17.42 | ||
| P/S | 7.08 | ||
| P/FCF | N/A | ||
| P/OCF | 12.46 | ||
| P/B | 1.71 | ||
| P/tB | 1.72 | ||
| EV/EBITDA | 21.78 |
EPS(TTM)0.93
EY2.71%
EPS(NY)1.97
Fwd EY5.74%
FCF(TTM)-3.09
FCFYN/A
OCF(TTM)2.76
OCFY8.02%
SpS4.85
BVpS20.12
TBVpS19.98
PEG (NY)N/A
PEG (5Y)N/A
Graham Number20.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 3.47% | ||
| ROCE | 4.1% | ||
| ROIC | 3.24% | ||
| ROICexc | 3.27% | ||
| ROICexgc | 3.28% | ||
| OM | 35.3% | ||
| PM (TTM) | 14.37% | ||
| GM | 83.4% | ||
| FCFM | N/A |
ROA(3y)5.29%
ROA(5y)5.21%
ROE(3y)10.51%
ROE(5y)10.28%
ROIC(3y)5.29%
ROIC(5y)4.97%
ROICexc(3y)5.33%
ROICexc(5y)5%
ROICexgc(3y)5.34%
ROICexgc(5y)5.01%
ROCE(3y)6.69%
ROCE(5y)6.29%
ROICexgc growth 3Y12.51%
ROICexgc growth 5Y0.5%
ROICexc growth 3Y12.36%
ROICexc growth 5Y0.41%
OM growth 3Y7.44%
OM growth 5Y1.11%
PM growth 3Y6.47%
PM growth 5Y-0.08%
GM growth 3Y1.37%
GM growth 5Y0.63%
F-Score3
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.02 | ||
| Cap/Depr | 771.36% | ||
| Cap/Sales | 120.54% | ||
| Interest Coverage | 2.6 | ||
| Cash Conversion | 111.58% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 1.02 |
F-Score3
WACC7.26%
ROIC/WACC0.45
Cap/Depr(3y)114.57%
Cap/Depr(5y)91.06%
Cap/Sales(3y)22.84%
Cap/Sales(5y)19.19%
Profit Quality(3y)75.06%
Profit Quality(5y)92.31%
High Growth Momentum
Growth
EPS 1Y (TTM)-60.09%
EPS 3Y13.29%
EPS 5Y-0.48%
EPS Q2Q%-166.67%
EPS Next Y-7.18%
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.7%
Revenue growth 3Y10.55%
Revenue growth 5Y2.52%
Sales Q2Q%11.66%
Revenue Next Year-26.03%
Revenue Next 2Y-4.81%
Revenue Next 3Y-3.86%
Revenue Next 5YN/A
EBIT growth 1Y-48.86%
EBIT growth 3Y18.78%
EBIT growth 5Y3.65%
EBIT Next Year79.44%
EBIT Next 3Y28.02%
EBIT Next 5Y21.85%
FCF growth 1Y-351.76%
FCF growth 3Y9.4%
FCF growth 5Y22.26%
OCF growth 1Y17.57%
OCF growth 3Y11.13%
OCF growth 5Y0.43%
LTC PROPERTIES INC / LTC FAQ
Can you provide the ChartMill fundamental rating for LTC PROPERTIES INC?
ChartMill assigns a fundamental rating of 4 / 10 to LTC.
What is the valuation status of LTC PROPERTIES INC (LTC) stock?
ChartMill assigns a valuation rating of 2 / 10 to LTC PROPERTIES INC (LTC). This can be considered as Overvalued.
What is the profitability of LTC stock?
LTC PROPERTIES INC (LTC) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for LTC stock?
The Price/Earnings (PE) ratio for LTC PROPERTIES INC (LTC) is 36.97 and the Price/Book (PB) ratio is 1.71.
How financially healthy is LTC PROPERTIES INC?
The financial health rating of LTC PROPERTIES INC (LTC) is 3 / 10.