LTC PROPERTIES INC (LTC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LTC - US5021751020 - REIT
34.37 USD
-0.46 (-1.32%)
34.58 USD
+0.21 (+0.61%)
Overall LTC gets a fundamental rating of 4 out of 10. We evaluated LTC against 128 industry peers in the Diversified REITs industry. There are concerns on the financial health of LTC while its profitability can be described as average. LTC has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
LTC had positive earnings in the past year.
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
With a Return On Assets value of 1.62%, LTC perfoms like the industry average, outperforming 57.81% of the companies in the same industry.
LTC has a Return On Equity (3.47%) which is comparable to the rest of the industry.
LTC has a better Return On Invested Capital (3.24%) than 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
The Profit Margin of LTC (14.37%) is better than 61.72% of its industry peers.
LTC's Profit Margin has been stable in the last couple of years.
LTC's Operating Margin of 35.30% is fine compared to the rest of the industry. LTC outperforms 72.66% of its industry peers.
LTC's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 83.40%, LTC belongs to the best of the industry, outperforming 84.38% 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
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.
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 1.03. 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 1.03. This is in the better half of the industry: LTC outperforms 78.13% of its industry peers.
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 61.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.03 |
ROIC/WACC0.45
WACC7.22%
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 in line with its industry peers.
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.
With a Quick ratio value of 1.11, LTC perfoms like the industry average, outperforming 53.91% of the companies in the same industry.
| 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%.
LTC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.48% yearly.
Looking at the last year, LTC shows a very negative growth in Revenue. The Revenue has decreased by -10.70% in the last 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)-10.7%
Revenue growth 3Y10.55%
Revenue growth 5Y2.52%
Sales Q2Q%11.66%
3.2 Future
LTC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.52% yearly.
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
Based on the Price/Earnings ratio of 36.96, the valuation of LTC can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of LTC is on the same level as its industry peers.
When comparing the Price/Earnings ratio of LTC to the average of the S&P500 Index (26.76), we can say LTC is valued slightly more expensively.
The Price/Forward Earnings ratio is 17.42, which indicates a rather expensive current valuation of LTC.
Based on the Price/Forward Earnings ratio, LTC is valued cheaply inside the industry as 95.31% of the companies are valued more expensively.
LTC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.96, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.96 | ||
| Fwd PE | 17.42 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LTC indicates a rather expensive valuation: LTC more expensive than 86.72% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.96 |
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 6.44%, LTC is a good candidate for dividend investing.
LTC's Dividend Yield is a higher than the industry average which is at 6.59.
LTC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.44% |
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
318.68% of the earnings are spent on dividend by LTC. 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.
DP318.68%
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
34.37
-0.46 (-1.32%)
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 Cap1.64B
Revenue(TTM)231.14M
Net Income(TTM)33.22M
Analysts68.33
Price Target38.91 (13.21%)
Short Float %4.14%
Short Ratio4.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.44% |
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)1.26%
EPS NQ rev (1m)127.13%
EPS NQ rev (3m)128.02%
EPS NY rev (1m)18.3%
EPS NY rev (3m)-0.97%
Revenue NQ rev (1m)4.16%
Revenue NQ rev (3m)-28.69%
Revenue NY rev (1m)0.9%
Revenue NY rev (3m)-36.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.96 | ||
| 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 | 21.96 |
EPS(TTM)0.93
EY2.71%
EPS(NY)1.97
Fwd EY5.74%
FCF(TTM)-3.09
FCFYN/A
OCF(TTM)2.76
OCFY8.03%
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 | 1.03 |
F-Score3
WACC7.22%
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%.