LTC PROPERTIES INC (LTC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LTC - US5021751020 - REIT
34.17 USD
-0.08 (-0.23%)
34.17 USD
0 (0%)
Overall LTC gets a fundamental rating of 4 out of 10. We evaluated LTC against 128 industry peers in the Diversified REITs industry. While LTC is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
LTC had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 1.62%, LTC is in line with its industry, outperforming 57.81% of the companies in the same industry.
LTC has a Return On Equity of 3.47%. This is comparable to the rest of the industry: LTC outperforms 57.81% of its industry peers.
LTC has a Return On Invested Capital of 3.24%. This is in the better half of the industry: LTC outperforms 62.50% 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 3.05%.
| 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 61.72% of its industry peers.
LTC's Profit Margin has been stable in the last couple of years.
The Operating Margin of LTC (35.30%) is better than 72.66% of its industry peers.
LTC's Operating Margin has been stable in the last couple of years.
LTC's Gross Margin of 83.40% is amongst the best of the industry. LTC outperforms 84.38% of its industry peers.
In the last couple of years the Gross Margin of LTC has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LTC 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.
The debt/assets ratio for LTC has been reduced compared to a year ago.
2.2 Solvency
LTC has an Altman-Z score of 1.02. 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 77.34% of the companies in the same industry.
LTC has a Debt/Equity ratio of 0.99. This is a neutral value indicating LTC is somewhat dependend on debt financing.
LTC has a Debt to Equity ratio of 0.99. This is in the better half of the industry: LTC outperforms 61.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.02 |
ROIC/WACC0.45
WACC7.23%
2.3 Liquidity
A Current Ratio of 1.11 indicates that LTC should not have too much problems paying its short term obligations.
LTC has a Current ratio (1.11) which is in line with its industry peers.
A Quick Ratio of 1.11 indicates that LTC should not have too much problems paying its short term obligations.
LTC has a Quick ratio (1.11) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for LTC have decreased strongly by -60.09% in the last year.
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
The Revenue has been growing slightly by 2.52% on average over the past years.
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
Based on estimates for the next years, LTC will show a decrease in Earnings Per Share. The EPS will decrease by -2.52% on average per year.
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.
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
The Price/Earnings ratio is 36.74, which means the current valuation is very expensive for LTC.
LTC's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of LTC to the average of the S&P500 Index (26.59), we can say LTC is valued slightly more expensively.
A Price/Forward Earnings ratio of 17.31 indicates a rather expensive valuation of LTC.
Based on the Price/Forward Earnings ratio, LTC is valued cheaper than 95.31% of the companies in the same industry.
LTC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.74 | ||
| Fwd PE | 17.31 |
4.2 Price Multiples
85.16% 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 | 21.73 |
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
LTC has a Yearly Dividend Yield of 6.63%, which is a nice return.
Compared to an average industry Dividend Yield of 6.33, LTC pays a bit more dividend than its industry peers.
LTC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.63% |
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%
34.17
-0.08 (-0.23%)
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 Change1.3%
Market Cap1.63B
Revenue(TTM)231.14M
Net Income(TTM)33.22M
Analysts68.33
Price TargetN/A
Short Float %4.71%
Short Ratio5.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.63% |
Yearly Dividend2.27
Dividend Growth(5Y)-0.14%
DP318.68%
Div Incr Years0
Div Non Decr Years22
Ex-Date
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)7
Avg Revenue beat(8)31.69%
Revenue beat(12)11
Avg Revenue beat(12)26.66%
Revenue beat(16)15
Avg Revenue beat(16)28.87%
PT rev (1m)0%
PT rev (3m)0.82%
EPS NQ rev (1m)127.13%
EPS NQ rev (3m)128.91%
EPS NY rev (1m)18.3%
EPS NY rev (3m)-0.97%
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 | 36.74 | ||
| Fwd PE | 17.31 | ||
| P/S | 7.04 | ||
| P/FCF | N/A | ||
| P/OCF | 12.39 | ||
| P/B | 1.7 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | 21.73 |
EPS(TTM)0.93
EY2.72%
EPS(NY)1.97
Fwd EY5.78%
FCF(TTM)-3.09
FCFYN/A
OCF(TTM)2.76
OCFY8.07%
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
WACC7.23%
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 Year77.85%
EBIT Next 3Y26.99%
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.
Can you provide the valuation status for LTC PROPERTIES INC?
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.
What is the expected EPS growth for LTC PROPERTIES INC (LTC) stock?
The Earnings per Share (EPS) of LTC PROPERTIES INC (LTC) is expected to decline by -7.18% in the next year.
How sustainable is the dividend of LTC PROPERTIES INC (LTC) stock?
The dividend rating of LTC PROPERTIES INC (LTC) is 6 / 10 and the dividend payout ratio is 318.68%.