LTC PROPERTIES INC (LTC) Stock Fundamental Analysis
USA - NYSE:LTC - US5021751020 - REIT
35.81 USD
-0.04 (-0.11%)
36 USD
+0.19 (+0.53%)
Overall LTC gets a fundamental rating of 5 out of 10. We evaluated LTC against 130 industry peers in the Diversified REITs industry. While LTC has a great profitability rating, there are some minor concerns on its financial health. LTC is valued correctly, but it does not seem to be growing.
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.
In the past 5 years LTC has always been profitable.
LTC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LTC has a better Return On Assets (4.60%) than 91.54% of its industry peers.
LTC's Return On Equity of 8.62% is amongst the best of the industry. LTC outperforms 83.85% of its industry peers.
LTC has a Return On Invested Capital of 5.76%. This is amongst the best in the industry. LTC outperforms 97.69% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LTC is above the industry average of 3.05%.
The 3 year average ROIC (5.29%) for LTC is below the current ROIC(5.76%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 8.62% | ||
| ROIC | 5.76% |
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 has a Profit Margin of 37.92%. This is amongst the best in the industry. LTC outperforms 89.23% of its industry peers.
LTC's Profit Margin has been stable in the last couple of years.
LTC has a better Operating Margin (58.34%) than 96.15% of its industry peers.
In the last couple of years the Operating Margin of LTC has remained more or less at the same level.
The Gross Margin of LTC (90.07%) is better than 93.85% of its industry peers.
LTC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 58.34% | ||
| PM (TTM) | 37.92% | ||
| GM | 90.07% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LTC is destroying value.
LTC has more shares outstanding than it did 1 year ago.
The number of shares outstanding for LTC has been increased compared to 5 years ago.
The debt/assets ratio for LTC has been reduced compared to a year ago.
2.2 Solvency
LTC has an Altman-Z score of 1.45. This is a bad value and indicates that LTC is not financially healthy and even has some risk of bankruptcy.
LTC has a Altman-Z score of 1.45. This is amongst the best in the industry. LTC outperforms 90.00% of its industry peers.
LTC has a debt to FCF ratio of 6.09. This is a slightly negative value and a sign of low solvency as LTC would need 6.09 years to pay back of all of its debts.
LTC has a Debt to FCF ratio of 6.09. This is amongst the best in the industry. LTC outperforms 96.92% of its industry peers.
LTC has a Debt/Equity ratio of 0.73. This is a neutral value indicating LTC is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.73, LTC is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.09 | ||
| Altman-Z | 1.45 |
ROIC/WACC0.8
WACC7.24%
2.3 Liquidity
LTC has a Current Ratio of 1.76. This is a normal value and indicates that LTC is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.76, LTC is doing good in the industry, outperforming 75.38% of the companies in the same industry.
LTC has a Quick Ratio of 1.76. 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 1.76. This is in the better half of the industry: LTC outperforms 75.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.76 |
3. Growth
3.1 Past
The earnings per share for LTC have decreased by -8.14% in the last year.
The Earnings Per Share has been decreasing by -0.48% on average over the past years.
LTC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.75%.
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)-8.14%
EPS 3Y13.29%
EPS 5Y-0.48%
EPS Q2Q%20.45%
Revenue 1Y (TTM)-13.75%
Revenue growth 3Y10.55%
Revenue growth 5Y2.52%
Sales Q2Q%20.2%
3.2 Future
The Earnings Per Share is expected to decrease by -2.23% on average over the next years.
The Revenue is expected to decrease by -8.81% on average over the next years.
EPS Next Y-6.27%
EPS Next 2Y-2.29%
EPS Next 3Y-2.23%
EPS Next 5YN/A
Revenue Next Year-20.97%
Revenue Next 2Y-11.51%
Revenue Next 3Y-8.81%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
A Price/Earnings ratio of 17.64 indicates a rather expensive valuation of LTC.
Compared to the rest of the industry, the Price/Earnings ratio of LTC indicates a rather cheap valuation: LTC is cheaper than 89.23% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.38. LTC is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 18.29, LTC is valued on the expensive side.
Based on the Price/Forward Earnings ratio, LTC is valued cheaply inside the industry as 94.62% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, LTC is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.64 | ||
| Fwd PE | 18.29 |
4.2 Price Multiples
LTC's Enterprise Value to EBITDA is on the same level as the industry average.
85.38% of the companies in the same industry are more expensive than LTC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.43 | ||
| EV/EBITDA | 14.35 |
4.3 Compensation for Growth
The excellent profitability rating of LTC may justify a higher PE ratio.
A cheap valuation may be justified as LTC's earnings are expected to decrease with -2.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.29%
EPS Next 3Y-2.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.36%, LTC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.66, LTC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, LTC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.36% |
5.2 History
The dividend of LTC decreases each year by -0.14%.
LTC has been paying a dividend for at least 10 years, so it has 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
126.84% 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.
DP126.84%
EPS Next 2Y-2.29%
EPS Next 3Y-2.23%
35.81
-0.04 (-0.11%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners78.09%
Inst Owner Change3.18%
Ins Owners2.08%
Ins Owner Change2.23%
Market Cap1.65B
Analysts51.43
Price Target38.59 (7.76%)
Short Float %4.93%
Short Ratio6.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.36% |
Yearly Dividend2.27
Dividend Growth(5Y)-0.14%
DP126.84%
Div Incr Years0
Div Non Decr Years22
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-19.36%
Min EPS beat(2)-36.01%
Max EPS beat(2)-2.72%
EPS beat(4)1
Avg EPS beat(4)-8.68%
Min EPS beat(4)-36.01%
Max EPS beat(4)25.18%
EPS beat(8)4
Avg EPS beat(8)3.06%
EPS beat(12)5
Avg EPS beat(12)-0.45%
EPS beat(16)6
Avg EPS beat(16)11.71%
Revenue beat(2)2
Avg Revenue beat(2)57.15%
Min Revenue beat(2)42.56%
Max Revenue beat(2)71.75%
Revenue beat(4)4
Avg Revenue beat(4)39.26%
Min Revenue beat(4)16.95%
Max Revenue beat(4)71.75%
Revenue beat(8)7
Avg Revenue beat(8)21.18%
Revenue beat(12)11
Avg Revenue beat(12)22.65%
Revenue beat(16)15
Avg Revenue beat(16)24.08%
PT rev (1m)2.71%
PT rev (3m)2.25%
EPS NQ rev (1m)1.69%
EPS NQ rev (3m)3.97%
EPS NY rev (1m)-12.8%
EPS NY rev (3m)0.04%
Revenue NQ rev (1m)-22.22%
Revenue NQ rev (3m)-2.24%
Revenue NY rev (1m)2.29%
Revenue NY rev (3m)2.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.64 | ||
| Fwd PE | 18.29 | ||
| P/S | 7.58 | ||
| P/FCF | 14.43 | ||
| P/OCF | 13 | ||
| P/B | 1.72 | ||
| P/tB | 1.74 | ||
| EV/EBITDA | 14.35 |
EPS(TTM)2.03
EY5.67%
EPS(NY)1.96
Fwd EY5.47%
FCF(TTM)2.48
FCFY6.93%
OCF(TTM)2.75
OCFY7.69%
SpS4.72
BVpS20.78
TBVpS20.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 8.62% | ||
| ROCE | 7.29% | ||
| ROIC | 5.76% | ||
| ROICexc | 5.79% | ||
| ROICexgc | 5.81% | ||
| OM | 58.34% | ||
| PM (TTM) | 37.92% | ||
| GM | 90.07% | ||
| FCFM | 52.53% |
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%
ROICexcg growth 3Y12.51%
ROICexcg 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-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.09 | ||
| Debt/EBITDA | 4.27 | ||
| Cap/Depr | 34.64% | ||
| Cap/Sales | 5.76% | ||
| Interest Coverage | 3.61 | ||
| Cash Conversion | 77.76% | ||
| Profit Quality | 138.52% | ||
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.76 | ||
| Altman-Z | 1.45 |
F-Score4
WACC7.24%
ROIC/WACC0.8
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)-8.14%
EPS 3Y13.29%
EPS 5Y-0.48%
EPS Q2Q%20.45%
EPS Next Y-6.27%
EPS Next 2Y-2.29%
EPS Next 3Y-2.23%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.75%
Revenue growth 3Y10.55%
Revenue growth 5Y2.52%
Sales Q2Q%20.2%
Revenue Next Year-20.97%
Revenue Next 2Y-11.51%
Revenue Next 3Y-8.81%
Revenue Next 5YN/A
EBIT growth 1Y-17.2%
EBIT growth 3Y18.78%
EBIT growth 5Y3.65%
EBIT Next Year72.76%
EBIT Next 3Y22.1%
EBIT Next 5Y17.8%
FCF growth 1Y126.39%
FCF growth 3Y9.4%
FCF growth 5Y22.26%
OCF growth 1Y22.33%
OCF growth 3Y11.13%
OCF growth 5Y0.43%