LTC PROPERTIES INC (LTC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LTC - US5021751020 - REIT
34.69 USD
+0.32 (+0.93%)
34.69 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to LTC. LTC was compared to 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
LTC had positive earnings in the past year.
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
LTC's Return On Assets of 1.62% is in line compared to the rest of the industry. LTC outperforms 57.81% of its industry peers.
Looking at the Return On Equity, with a value of 3.47%, LTC is in line with its industry, outperforming 57.81% of the companies in the same industry.
The Return On Invested Capital of LTC (3.24%) is better 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
Looking at the Profit Margin, with a value of 14.37%, LTC is in the better half of the industry, outperforming 61.72% of the companies in the same industry.
In the last couple of years the Profit Margin of LTC has remained more or less at the same level.
With a decent Operating Margin value of 35.30%, LTC is doing good in the industry, outperforming 72.66% of the companies in the same industry.
LTC's Operating Margin has been stable in the last couple of years.
LTC has a Gross Margin of 83.40%. This is amongst the best in 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LTC is destroying value.
Compared to 1 year ago, LTC has more shares outstanding
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.
LTC has a better Altman-Z score (1.02) than 77.34% of its industry peers.
A Debt/Equity ratio of 0.99 indicates that LTC is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.99, LTC is doing good in the industry, outperforming 61.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.02 |
ROIC/WACC0.45
WACC7.27%
2.3 Liquidity
A Current Ratio of 1.11 indicates that LTC should not have too much problems paying its short term obligations.
With a Current ratio value of 1.11, LTC perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
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 in line with 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%.
LTC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.48% yearly.
LTC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.70%.
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
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.
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
LTC is valuated quite expensively with a Price/Earnings ratio of 37.30.
LTC's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.54, LTC is valued a bit more expensive.
Based on the Price/Forward Earnings ratio of 17.58, the valuation of LTC can be described as rather expensive.
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 23.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.3 | ||
| Fwd PE | 17.58 |
4.2 Price Multiples
LTC's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. LTC is more expensive than 86.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.77 |
4.3 Compensation for Growth
The decent profitability rating of LTC 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.
Compared to an average industry Dividend Yield of 6.59, LTC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, LTC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.44% |
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.
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%
34.69
+0.32 (+0.93%)
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 Cap1.65B
Revenue(TTM)231.14M
Net Income(TTM)33.22M
Analysts68.33
Price Target38.91 (12.16%)
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 | 37.3 | ||
| Fwd PE | 17.58 | ||
| P/S | 7.15 | ||
| P/FCF | N/A | ||
| P/OCF | 12.58 | ||
| P/B | 1.72 | ||
| P/tB | 1.74 | ||
| EV/EBITDA | 21.77 |
EPS(TTM)0.93
EY2.68%
EPS(NY)1.97
Fwd EY5.69%
FCF(TTM)-3.09
FCFYN/A
OCF(TTM)2.76
OCFY7.95%
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
WACC7.27%
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%.