GLADSTONE CAPITAL CORP (GLAD)
US3765358789 - Common Stock
Overall GLAD gets a fundamental rating of 5 out of 10. We evaluated GLAD against 219 industry peers in the Capital Markets industry. GLAD has a medium profitability rating, but doesn't score so well on its financial health evaluation. GLAD has a decent growth rate and is not valued too expensively. GLAD also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
GLAD had positive earnings in the past year.
GLAD had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 9.78%, GLAD belongs to the top of the industry, outperforming 86.98% of the companies in the same industry.
Looking at the Return On Equity, with a value of 17.04%, GLAD belongs to the top of the industry, outperforming 81.86% of the companies in the same industry.
GLAD has a Return On Invested Capital (4.76%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for GLAD is significantly below the industry average of 17.77%.
The 3 year average ROIC (4.04%) for GLAD is below the current ROIC(4.76%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 17.04% | ||
| ROIC | 4.76% |
ROA(3y)7.94%
ROA(5y)5.62%
ROE(3y)14.41%
ROE(5y)9.81%
ROIC(3y)4.04%
ROIC(5y)4.33%
1.3 Margins
The Profit Margin of GLAD (78.41%) is better than 95.81% of its industry peers.
In the last couple of years the Profit Margin of GLAD has grown nicely.
GLAD's Operating Margin of 47.68% is amongst the best of the industry. GLAD outperforms 81.86% of its industry peers.
In the last couple of years the Operating Margin of GLAD has declined.
The Gross Margin of GLAD (37.75%) is worse than 68.84% of its industry peers.
GLAD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 47.68% | ||
| PM (TTM) | 78.41% | ||
| GM | 37.75% |
OM growth 3Y-3.3%
OM growth 5Y-3.75%
PM growth 3YN/A
PM growth 5Y3.83%
GM growth 3Y3.51%
GM growth 5Y-3.09%
2. Health
2.1 Basic Checks
Compared to 1 year ago, GLAD has more shares outstanding
The number of shares outstanding for GLAD has been increased compared to 5 years ago.
Compared to 1 year ago, GLAD has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.23, we must say that GLAD is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.23, GLAD perfoms like the industry average, outperforming 55.81% of the companies in the same industry.
GLAD has a debt to FCF ratio of 10.05. This is a negative value and a sign of low solvency as GLAD would need 10.05 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.05, GLAD is in line with its industry, outperforming 52.56% of the companies in the same industry.
A Debt/Equity ratio of 0.72 indicates that GLAD is somewhat dependend on debt financing.
GLAD has a better Debt to Equity ratio (0.72) than 63.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.05 | ||
| Altman-Z | 1.23 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.21 indicates that GLAD should not have too much problems paying its short term obligations.
GLAD has a Current ratio (1.21) which is comparable to the rest of the industry.
GLAD has a Quick Ratio of 1.21. This is a normal value and indicates that GLAD is financially healthy and should not expect problems in meeting its short term obligations.
GLAD's Quick ratio of 1.21 is in line compared to the rest of the industry. GLAD outperforms 55.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 60.74% over the past year.
GLAD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.73% yearly.
Looking at the last year, GLAD shows a very strong growth in Revenue. The Revenue has grown by 22.95%.
GLAD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.65% yearly.
EPS 1Y (TTM)60.74%
EPS 3Y27.26%
EPS 5Y14.73%
EPS Q2Q%-8.06%
Revenue 1Y (TTM)22.95%
Revenue growth 3Y21.69%
Revenue growth 5Y13.65%
Sales Q2Q%12.56%
3.2 Future
Based on estimates for the next years, GLAD will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.40% on average per year.
Based on estimates for the next years, GLAD will show a small growth in Revenue. The Revenue will grow by 7.80% on average per year.
EPS Next Y28.86%
EPS Next 2Y13.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.85%
Revenue Next 2Y7.8%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
GLAD is valuated reasonably with a Price/Earnings ratio of 11.36.
Based on the Price/Earnings ratio, GLAD is valued a bit cheaper than 66.05% of the companies in the same industry.
GLAD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 31.46.
Based on the Price/Forward Earnings ratio of 11.35, the valuation of GLAD can be described as reasonable.
Based on the Price/Forward Earnings ratio, GLAD is valued a bit cheaper than 61.86% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.63. GLAD is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.36 | ||
| Fwd PE | 11.35 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GLAD is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.86 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
GLAD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GLAD has a very decent profitability rating, which may justify a higher PE ratio.
GLAD's earnings are expected to grow with 13.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.39
PEG (5Y)0.77
EPS Next 2Y13.4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GLAD has a Yearly Dividend Yield of 7.92%, which is a nice return.
GLAD's Dividend Yield is a higher than the industry average which is at 8.55.
Compared to an average S&P500 Dividend Yield of 2.18, GLAD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.92% |
5.2 History
The dividend of GLAD has a limited annual growth rate of 1.64%.
GLAD has paid a dividend for at least 10 years, which is a reliable track record.
GLAD has decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.64%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
56.70% of the earnings are spent on dividend by GLAD. This is a bit on the high side, but may be sustainable.
GLAD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP56.7%
EPS Next 2Y13.4%
EPS Next 3YN/A
GLADSTONE CAPITAL CORP
NASDAQ:GLAD (10/22/2024, 1:28:02 PM)
24.6562
-0.61 (-2.43%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap536.27M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.92% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.36 | ||
| Fwd PE | 11.35 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.39
PEG (5Y)0.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 17.04% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 47.68% | ||
| PM (TTM) | 78.41% | ||
| GM | 37.75% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)60.74%
EPS 3Y27.26%
EPS 5Y
EPS Q2Q%
EPS Next Y28.86%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)22.95%
Revenue growth 3Y21.69%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y