LTC PROPERTIES INC (LTC) Stock Fundamental Analysis
USA - NYSE:LTC - US5021751020 - REIT
35.88 USD
+0.36 (+1.01%)
36.15 USD
+0.27 (+0.75%)
LTC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 128 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.
Each year in the past 5 years LTC has been profitable.
In the past 5 years LTC always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of LTC (4.60%) is better than 92.13% of its industry peers.
With an excellent Return On Equity value of 8.62%, LTC belongs to the best of the industry, outperforming 82.68% of the companies in the same industry.
The Return On Invested Capital of LTC (5.76%) is better than 97.64% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LTC is above the industry average of 3.09%.
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 better Profit Margin (37.92%) than 90.55% of its industry peers.
LTC's Profit Margin has been stable in the last couple of years.
LTC's Operating Margin of 58.34% is amongst the best of the industry. LTC outperforms 96.06% of its industry peers.
LTC's Operating Margin has been stable in the last couple of years.
LTC has a Gross Margin of 90.07%. This is amongst the best in the industry. LTC outperforms 92.91% 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 | 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.
Compared to 1 year ago, LTC has more shares outstanding
The number of shares outstanding for LTC has been increased compared to 5 years ago.
LTC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.45, we must say that LTC is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of LTC (1.45) is better than 90.55% 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.
Looking at the Debt to FCF ratio, with a value of 6.09, LTC belongs to the top of the industry, outperforming 96.06% of the companies in the same industry.
LTC has a Debt/Equity ratio of 0.73. This is a neutral value indicating LTC is somewhat dependend on debt financing.
LTC has a Debt to Equity ratio of 0.73. This is in the better half of the industry: LTC outperforms 76.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.09 | ||
| Altman-Z | 1.45 |
ROIC/WACC0.8
WACC7.22%
2.3 Liquidity
A Current Ratio of 1.76 indicates that LTC should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.76, LTC is in the better half of the industry, outperforming 77.17% of the companies in the same industry.
A Quick Ratio of 1.76 indicates that LTC should not have too much problems paying its short term obligations.
The Quick ratio of LTC (1.76) is better than 77.17% 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 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 has been growing slightly by 6.39% in the past year.
LTC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.52% yearly.
EPS 1Y (TTM)-60.09%
EPS 3Y13.29%
EPS 5Y-0.48%
EPS Q2Q%-166.67%
Revenue 1Y (TTM)6.39%
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-21.54%
EPS Next 2Y-1.63%
EPS Next 3Y-2.52%
EPS Next 5YN/A
Revenue Next Year-26.69%
Revenue Next 2Y-8.98%
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
Based on the Price/Earnings ratio of 38.58, the valuation of LTC can be described as expensive.
LTC's Price/Earnings is on the same level as the industry average.
LTC's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.06.
The Price/Forward Earnings ratio is 18.09, which indicates a rather expensive current valuation of LTC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LTC indicates a rather cheap valuation: LTC is cheaper than 96.06% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.73, LTC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.58 | ||
| Fwd PE | 18.09 |
4.2 Price Multiples
LTC's Enterprise Value to EBITDA is on the same level as the industry average.
LTC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LTC is cheaper than 83.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.46 | ||
| EV/EBITDA | 14.35 |
4.3 Compensation for Growth
LTC has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as LTC's earnings are expected to decrease with -2.52% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.63%
EPS Next 3Y-2.52%
5. Dividend
5.1 Amount
LTC has a Yearly Dividend Yield of 6.42%, which is a nice return.
LTC's Dividend Yield is a higher than the industry average which is at 6.31.
Compared to an average S&P500 Dividend Yield of 2.37, LTC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.42% |
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
LTC pays out 126.84% of its income as dividend. This is not a sustainable payout ratio.
LTC's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP126.84%
EPS Next 2Y-1.63%
EPS Next 3Y-2.52%
35.88
+0.36 (+1.01%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners79.46%
Inst Owner Change-0.14%
Ins Owners2.07%
Ins Owner Change2.23%
Market Cap1.65B
Revenue(TTM)209.85M
Net Income(TTM)82.53M
Analysts68.33
Price Target38.91 (8.44%)
Short Float %4.93%
Short Ratio6.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.42% |
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)0.82%
PT rev (3m)3.56%
EPS NQ rev (1m)-0.65%
EPS NQ rev (3m)-30.45%
EPS NY rev (1m)-15.07%
EPS NY rev (3m)-27.01%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)-4.32%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-5.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.58 | ||
| Fwd PE | 18.09 | ||
| P/S | 7.6 | ||
| P/FCF | 14.46 | ||
| P/OCF | 13.03 | ||
| P/B | 1.73 | ||
| P/tB | 1.74 | ||
| EV/EBITDA | 14.35 |
EPS(TTM)0.93
EY2.59%
EPS(NY)1.98
Fwd EY5.53%
FCF(TTM)2.48
FCFY6.92%
OCF(TTM)2.75
OCFY7.67%
SpS4.72
BVpS20.78
TBVpS20.63
PEG (NY)N/A
PEG (5Y)N/A
Graham Number20.85
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%
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-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
WACC7.22%
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)-60.09%
EPS 3Y13.29%
EPS 5Y-0.48%
EPS Q2Q%-166.67%
EPS Next Y-21.54%
EPS Next 2Y-1.63%
EPS Next 3Y-2.52%
EPS Next 5YN/A
Revenue 1Y (TTM)6.39%
Revenue growth 3Y10.55%
Revenue growth 5Y2.52%
Sales Q2Q%11.66%
Revenue Next Year-26.69%
Revenue Next 2Y-8.98%
Revenue Next 3Y-3.86%
Revenue Next 5YN/A
EBIT growth 1Y-17.2%
EBIT growth 3Y18.78%
EBIT growth 5Y3.65%
EBIT Next Year74.89%
EBIT Next 3Y24.15%
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%
LTC PROPERTIES INC / LTC FAQ
Can you provide the ChartMill fundamental rating for LTC PROPERTIES INC?
ChartMill assigns a fundamental rating of 5 / 10 to LTC.
Can you provide the valuation status for LTC PROPERTIES INC?
ChartMill assigns a valuation rating of 5 / 10 to LTC PROPERTIES INC (LTC). This can be considered as Fairly Valued.
What is the profitability of LTC stock?
LTC PROPERTIES INC (LTC) has a profitability rating of 9 / 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 -21.54% 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 126.84%.