GLADSTONE CAPITAL CORP (GLAD) Stock Fundamental Analysis
USA - NASDAQ:GLAD - US3765358789 - Common Stock
23.62 USD
+0.05 (+0.21%)
23.809 USD
+0.19 (+0.8%)
Taking everything into account, GLAD scores 5 out of 10 in our fundamental rating. GLAD was compared to 236 industry peers in the Capital Markets industry. GLAD has only an average score on both its financial health and profitability. GLAD has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
GLAD had positive earnings in the past year.
In the past year GLAD had a positive cash flow from operations.
GLAD had positive earnings in 4 of the past 5 years.
GLAD had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of GLAD (9.62%) is better than 88.24% of its industry peers.
GLAD has a Return On Equity of 15.35%. This is in the better half of the industry: GLAD outperforms 79.83% of its industry peers.
The Return On Invested Capital of GLAD (4.58%) is better than 60.92% of its industry peers.
GLAD had an Average Return On Invested Capital over the past 3 years of 4.32%. This is below the industry average of 7.59%.
The 3 year average ROIC (4.32%) for GLAD is below the current ROIC(4.58%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.62% | ||
| ROE | 15.35% | ||
| ROIC | 4.58% |
ROA(3y)6.86%
ROA(5y)7.01%
ROE(3y)12.16%
ROE(5y)12.43%
ROIC(3y)4.32%
ROIC(5y)4.2%
1.3 Margins
Looking at the Profit Margin, with a value of 84.41%, GLAD belongs to the top of the industry, outperforming 97.90% of the companies in the same industry.
In the last couple of years the Profit Margin of GLAD has grown nicely.
Looking at the Operating Margin, with a value of 50.30%, GLAD belongs to the top of the industry, outperforming 84.87% of the companies in the same industry.
GLAD's Operating Margin has declined in the last couple of years.
The Gross Margin of GLAD (35.03%) is worse than 68.49% of its industry peers.
In the last couple of years the Gross Margin of GLAD has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.3% | ||
| PM (TTM) | 84.41% | ||
| GM | 35.03% |
OM growth 3Y-0.61%
OM growth 5Y-2.94%
PM growth 3Y-14.54%
PM growth 5Y19.76%
GM growth 3Y2.59%
GM growth 5Y-1.67%
2. Health
2.1 Basic Checks
GLAD has more shares outstanding than it did 1 year ago.
GLAD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GLAD has been reduced compared to a year ago.
2.2 Solvency
GLAD has an Altman-Z score of 1.41. This is a bad value and indicates that GLAD is not financially healthy and even has some risk of bankruptcy.
GLAD has a Altman-Z score of 1.41. This is in the better half of the industry: GLAD outperforms 63.45% of its industry peers.
The Debt to FCF ratio of GLAD is 3.30, which is a good value as it means it would take GLAD, 3.30 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.30, GLAD is in the better half of the industry, outperforming 78.15% of the companies in the same industry.
GLAD has a Debt/Equity ratio of 0.58. This is a neutral value indicating GLAD is somewhat dependend on debt financing.
GLAD's Debt to Equity ratio of 0.58 is fine compared to the rest of the industry. GLAD outperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 3.3 | ||
| Altman-Z | 1.41 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.73 indicates that GLAD has no problem at all paying its short term obligations.
GLAD's Current ratio of 2.73 is fine compared to the rest of the industry. GLAD outperforms 79.41% of its industry peers.
GLAD has a Quick Ratio of 2.73. This indicates that GLAD is financially healthy and has no problem in meeting its short term obligations.
GLAD's Quick ratio of 2.73 is fine compared to the rest of the industry. GLAD outperforms 79.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.73 | ||
| Quick Ratio | 2.73 |
3. Growth
3.1 Past
GLAD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.83%.
GLAD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.66% yearly.
The Revenue has decreased by -8.03% in the past year.
GLAD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.07% yearly.
EPS 1Y (TTM)-7.83%
EPS 3Y9.66%
EPS 5Y4.66%
EPS Q2Q%-12.28%
Revenue 1Y (TTM)-8.03%
Revenue growth 3Y21.56%
Revenue growth 5Y14.07%
Sales Q2Q%-29.73%
3.2 Future
The Earnings Per Share is expected to decrease by -1.50% on average over the next years.
Based on estimates for the next years, GLAD will show a small growth in Revenue. The Revenue will grow by 3.40% on average per year.
EPS Next Y-3.45%
EPS Next 2Y-1.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-8.75%
Revenue Next 2Y3.4%
Revenue Next 3YN/A
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 11.81 indicates a reasonable valuation of GLAD.
Compared to the rest of the industry, the Price/Earnings ratio of GLAD indicates a somewhat cheap valuation: GLAD is cheaper than 65.55% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.38, GLAD is valued rather cheaply.
GLAD is valuated reasonably with a Price/Forward Earnings ratio of 11.54.
Based on the Price/Forward Earnings ratio, GLAD is valued a bit cheaper than 64.71% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, GLAD is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 11.54 |
4.2 Price Multiples
81.09% of the companies in the same industry are more expensive than GLAD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.17 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of GLAD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.53
EPS Next 2Y-1.5%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.40%, GLAD is a good candidate for dividend investing.
GLAD's Dividend Yield is a higher than the industry average which is at 8.21.
Compared to an average S&P500 Dividend Yield of 2.38, GLAD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.4% |
5.2 History
The dividend of GLAD has a limited annual growth rate of 3.26%.
GLAD has been paying a dividend for at least 10 years, so it has a reliable track record.
GLAD has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.26%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
70.53% of the earnings are spent on dividend by GLAD. This is not a sustainable payout ratio.
GLAD's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP70.53%
EPS Next 2Y-1.5%
EPS Next 3YN/A
23.62
+0.05 (+0.21%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners11.01%
Inst Owner Change-7.05%
Ins Owners3.55%
Ins Owner Change-0.02%
Market Cap527.43M
Analysts73.85
Price Target27.12 (14.82%)
Short Float %1.38%
Short Ratio2.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.4% |
Yearly Dividend1.96
Dividend Growth(5Y)3.26%
DP70.53%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.61%
Min EPS beat(2)-3.25%
Max EPS beat(2)-1.96%
EPS beat(4)0
Avg EPS beat(4)-6.31%
Min EPS beat(4)-12.52%
Max EPS beat(4)-1.96%
EPS beat(8)1
Avg EPS beat(8)-5.54%
EPS beat(12)4
Avg EPS beat(12)-2.04%
EPS beat(16)6
Avg EPS beat(16)1.82%
Revenue beat(2)0
Avg Revenue beat(2)-12.46%
Min Revenue beat(2)-17.95%
Max Revenue beat(2)-6.97%
Revenue beat(4)0
Avg Revenue beat(4)-9.87%
Min Revenue beat(4)-17.95%
Max Revenue beat(4)-2.8%
Revenue beat(8)2
Avg Revenue beat(8)-4.29%
Revenue beat(12)5
Avg Revenue beat(12)-2.04%
Revenue beat(16)8
Avg Revenue beat(16)-0.4%
PT rev (1m)0.69%
PT rev (3m)3.04%
EPS NQ rev (1m)0.57%
EPS NQ rev (3m)0.24%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.65%
Revenue NQ rev (1m)1.02%
Revenue NQ rev (3m)0.95%
Revenue NY rev (1m)0.35%
Revenue NY rev (3m)0.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 11.54 | ||
| P/S | 5.93 | ||
| P/FCF | 6.17 | ||
| P/OCF | 6.17 | ||
| P/B | 1.08 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | N/A |
EPS(TTM)2
EY8.47%
EPS(NY)2.05
Fwd EY8.67%
FCF(TTM)3.83
FCFY16.2%
OCF(TTM)3.83
OCFY16.2%
SpS3.98
BVpS21.9
TBVpS21.9
PEG (NY)N/A
PEG (5Y)2.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.62% | ||
| ROE | 15.35% | ||
| ROCE | 5.79% | ||
| ROIC | 4.58% | ||
| ROICexc | 4.67% | ||
| ROICexgc | 4.69% | ||
| OM | 50.3% | ||
| PM (TTM) | 84.41% | ||
| GM | 35.03% | ||
| FCFM | 96.12% |
ROA(3y)6.86%
ROA(5y)7.01%
ROE(3y)12.16%
ROE(5y)12.43%
ROIC(3y)4.32%
ROIC(5y)4.2%
ROICexc(3y)4.34%
ROICexc(5y)4.21%
ROICexgc(3y)4.35%
ROICexgc(5y)4.23%
ROCE(3y)5.47%
ROCE(5y)5.32%
ROICexcg growth 3Y7.33%
ROICexcg growth 5Y-3.27%
ROICexc growth 3Y7.25%
ROICexc growth 5Y-3.32%
OM growth 3Y-0.61%
OM growth 5Y-2.94%
PM growth 3Y-14.54%
PM growth 5Y19.76%
GM growth 3Y2.59%
GM growth 5Y-1.67%
F-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 3.3 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.26 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 113.88% | ||
| Current Ratio | 2.73 | ||
| Quick Ratio | 2.73 | ||
| Altman-Z | 1.41 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.83%
EPS 3Y9.66%
EPS 5Y4.66%
EPS Q2Q%-12.28%
EPS Next Y-3.45%
EPS Next 2Y-1.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-8.03%
Revenue growth 3Y21.56%
Revenue growth 5Y14.07%
Sales Q2Q%-29.73%
Revenue Next Year-8.75%
Revenue Next 2Y3.4%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-2.98%
EBIT growth 3Y20.81%
EBIT growth 5Y10.72%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y193.36%
FCF growth 3YN/A
FCF growth 5Y-18.93%
OCF growth 1Y193.36%
OCF growth 3YN/A
OCF growth 5Y-18.93%