GLADSTONE CAPITAL CORP (GLAD)
US3765358789 - Common Stock
Taking everything into account, GLAD scores 5 out of 10 in our fundamental rating. GLAD was compared to 212 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 is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year GLAD was profitable.
In the past year GLAD has reported a negative cash flow from operations.
GLAD had positive earnings in 4 of the past 5 years.
In the past 5 years GLAD reported 4 times negative operating cash flow.
1.2 Ratios
GLAD has a better Return On Assets (7.43%) than 80.38% of its industry peers.
The Return On Equity of GLAD (13.63%) is better than 70.81% of its industry peers.
GLAD's Return On Invested Capital of 4.61% is in line compared to the rest of the industry. GLAD outperforms 55.98% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GLAD is significantly below the industry average of 10.87%.
The 3 year average ROIC (4.04%) for GLAD is below the current ROIC(4.61%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.43% | ||
| ROE | 13.63% | ||
| ROIC | 4.61% |
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
GLAD's Profit Margin of 63.05% is amongst the best of the industry. GLAD outperforms 92.82% of its industry peers.
GLAD's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 48.95%, GLAD belongs to the top of the industry, outperforming 81.34% of the companies in the same industry.
GLAD's Operating Margin has declined in the last couple of years.
GLAD has a worse Gross Margin (36.57%) than 70.81% of its industry peers.
In the last couple of years the Gross Margin of GLAD has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 48.95% | ||
| PM (TTM) | 63.05% | ||
| GM | 36.57% |
OM growth 3Y-3.3%
OM growth 5Y-3.76%
PM growth 3YN/A
PM growth 5Y3.83%
GM growth 3Y3.51%
GM growth 5Y-3.09%
2. Health
2.1 Basic Checks
The number of shares outstanding for GLAD has been increased compared to 1 year ago.
Compared to 5 years ago, GLAD has more shares outstanding
The debt/assets ratio for GLAD has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.01, we must say that GLAD is in the distress zone and has some risk of bankruptcy.
GLAD has a Altman-Z score (1.01) which is in line with its industry peers.
GLAD has a Debt/Equity ratio of 0.81. This is a neutral value indicating GLAD is somewhat dependend on debt financing.
GLAD has a Debt to Equity ratio of 0.81. This is comparable to the rest of the industry: GLAD outperforms 59.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.01 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.32 indicates that GLAD should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.32, GLAD is in line with its industry, outperforming 56.46% of the companies in the same industry.
A Quick Ratio of 1.32 indicates that GLAD should not have too much problems paying its short term obligations.
The Quick ratio of GLAD (1.32) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
GLAD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 115.22%, which is quite impressive.
Measured over the past years, GLAD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.73% on average per year.
Looking at the last year, GLAD shows a very strong growth in Revenue. The Revenue has grown by 36.35%.
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)115.22%
EPS 3Y27.26%
EPS 5Y14.73%
EPS growth Q2Q116%
Revenue 1Y (TTM)36.35%
Revenue growth 3Y21.69%
Revenue growth 5Y13.65%
Revenue growth Q2Q20.38%
3.2 Future
GLAD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.77% yearly.
The Revenue is expected to grow by 8.43% on average over the next years. This is quite good.
EPS Next Y32.56%
EPS Next 2Y14.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.73%
Revenue Next 2Y8.43%
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 stable.
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
The Price/Earnings ratio is 10.96, which indicates a very decent valuation of GLAD.
65.07% of the companies in the same industry are more expensive than GLAD, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of GLAD to the average of the S&P500 Index (27.73), we can say GLAD is valued rather cheaply.
GLAD is valuated reasonably with a Price/Forward Earnings ratio of 9.75.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLAD indicates a somewhat cheap valuation: GLAD is cheaper than 68.42% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of GLAD to the average of the S&P500 Index (20.41), we can say GLAD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.96 | ||
| Fwd PE | 9.75 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| 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.
A more expensive valuation may be justified as GLAD's earnings are expected to grow with 14.77% in the coming years.
PEG (NY)0.34
PEG (5Y)0.74
EPS Next 2Y14.77%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GLAD has a Yearly Dividend Yield of 9.24%, which is a nice return.
GLAD's Dividend Yield is a higher than the industry average which is at 7.28.
Compared to an average S&P500 Dividend Yield of 2.41, GLAD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.24% |
5.2 History
The dividend of GLAD has a limited annual growth rate of 1.67%.
GLAD has been paying a dividend for at least 10 years, so it has a reliable track record.
GLAD has decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.67%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
68.07% of the earnings are spent on dividend by GLAD. This is not a sustainable payout ratio.
GLAD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP68.07%
EPS Next 2Y14.77%
EPS Next 3YN/A
GLADSTONE CAPITAL CORP
NASDAQ:GLAD (5/6/2024, 3:17:36 PM)
After market: 21.71 0 (0%)21.71
+0.28 (+1.31%)
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 Cap472.19M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.24% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.96 | ||
| Fwd PE | 9.75 | ||
| 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)0.34
PEG (5Y)0.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.43% | ||
| ROE | 13.63% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 48.95% | ||
| PM (TTM) | 63.05% | ||
| GM | 36.57% | ||
| 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 | 0.81 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 | ||
| 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)
Growth
EPS 1Y (TTM)115.22%
EPS 3Y27.26%
EPS 5Y
EPS growth Q2Q
EPS Next Y32.56%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)36.35%
Revenue growth 3Y21.69%
Revenue growth 5Y
Revenue growth 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