GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
NYSE:GLP - US37946R1095
53.11 USD
+0.11 (+0.21%)
53.11 USD
0 (0%)
GLP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of GLP while its profitability can be described as average. GLP has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year GLP was profitable.
GLP had a positive operating cash flow in the past year.
Each year in the past 5 years GLP has been profitable.
GLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 2.35%, GLP perfoms like the industry average, outperforming 44.29% of the companies in the same industry.
GLP's Return On Equity of 12.99% is fine compared to the rest of the industry. GLP outperforms 69.05% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.14%, GLP is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GLP is significantly below the industry average of 23.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 12.99% | ||
| ROIC | 7.14% |
ROA(3y)5.56%
ROA(5y)4.4%
ROE(3y)23.6%
ROE(5y)19.66%
ROIC(3y)9.44%
ROIC(5y)8.29%
1.3 Margins
With a Profit Margin value of 0.50%, GLP is not doing good in the industry: 65.71% of the companies in the same industry are doing better.
GLP's Profit Margin has improved in the last couple of years.
GLP has a worse Operating Margin (1.40%) than 73.33% of its industry peers.
In the last couple of years the Operating Margin of GLP has grown nicely.
Looking at the Gross Margin, with a value of 6.07%, GLP is doing worse than 73.81% of the companies in the same industry.
In the last couple of years the Gross Margin of GLP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.4% | ||
| PM (TTM) | 0.5% | ||
| GM | 6.07% |
OM growth 3Y9.6%
OM growth 5Y5.99%
PM growth 3Y12.39%
PM growth 5Y17.64%
GM growth 3Y4.33%
GM growth 5Y3.99%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GLP is creating some value.
The number of shares outstanding for GLP has been reduced compared to 1 year ago.
Compared to 5 years ago, GLP has less shares outstanding
The debt/assets ratio for GLP is higher compared to a year ago.
2.2 Solvency
GLP has a debt to FCF ratio of 6.74. This is a slightly negative value and a sign of low solvency as GLP would need 6.74 years to pay back of all of its debts.
GLP has a Debt to FCF ratio of 6.74. This is comparable to the rest of the industry: GLP outperforms 57.62% of its industry peers.
A Debt/Equity ratio of 2.32 is on the high side and indicates that GLP has dependencies on debt financing.
The Debt to Equity ratio of GLP (2.32) is worse than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | N/A |
ROIC/WACC0.79
WACC9.09%
2.3 Liquidity
A Current Ratio of 1.18 indicates that GLP should not have too much problems paying its short term obligations.
GLP's Current ratio of 1.18 is in line compared to the rest of the industry. GLP outperforms 51.43% of its industry peers.
GLP has a Quick Ratio of 1.18. This is a bad value and indicates that GLP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.70, GLP is doing worse than 69.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The earnings per share for GLP have decreased by -4.27% in the last year.
Measured over the past years, GLP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.31% on average per year.
The Revenue has been growing slightly by 3.74% in the past year.
GLP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.58% yearly.
EPS 1Y (TTM)-4.27%
EPS 3Y23.25%
EPS 5Y16.31%
EPS Q2Q%-45.3%
Revenue 1Y (TTM)3.74%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%4.93%
3.2 Future
Based on estimates for the next years, GLP will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.29% on average per year.
The Revenue is expected to grow by 19.98% on average over the next years. This is quite good.
EPS Next Y20.47%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue Next Year24.85%
Revenue Next 2Y26.55%
Revenue Next 3Y19.98%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 19.74, which indicates a rather expensive current valuation of GLP.
Compared to the rest of the industry, the Price/Earnings ratio of GLP is on the same level as its industry peers.
GLP is valuated rather cheaply when we compare the Price/Earnings ratio to 27.08, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 15.15, which indicates a correct valuation of GLP.
The rest of the industry has a similar Price/Forward Earnings ratio as GLP.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.72, GLP is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.74 | ||
| Fwd PE | 15.15 |
4.2 Price Multiples
GLP's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, GLP is valued cheaper than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.2 | ||
| EV/EBITDA | 8.85 |
4.3 Compensation for Growth
GLP'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 GLP's earnings are expected to grow with 14.29% in the coming years.
PEG (NY)0.96
PEG (5Y)1.21
EPS Next 2Y18.64%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
GLP has a Yearly Dividend Yield of 5.66%, which is a nice return.
GLP's Dividend Yield is a higher than the industry average which is at 6.11.
GLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.66% |
5.2 History
The dividend of GLP is nicely growing with an annual growth rate of 9.73%!
GLP has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)9.73%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
137.85% of the earnings are spent on dividend by GLP. This is not a sustainable payout ratio.
The dividend of GLP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP137.85%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
53.11
+0.11 (+0.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners47.57%
Inst Owner Change16.22%
Ins Owners4.54%
Ins Owner Change1.3%
Market Cap1.81B
Analysts46.67
Price Target54.06 (1.79%)
Short Float %1.87%
Short Ratio10.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.66% |
Yearly Dividend3.6
Dividend Growth(5Y)9.73%
DP137.85%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)646.87%
Min EPS beat(2)5.61%
Max EPS beat(2)1288.12%
EPS beat(4)3
Avg EPS beat(4)345.51%
Min EPS beat(4)-26.22%
Max EPS beat(4)1288.12%
EPS beat(8)4
Avg EPS beat(8)115.56%
EPS beat(12)7
Avg EPS beat(12)87.79%
EPS beat(16)11
Avg EPS beat(16)139.88%
Revenue beat(2)0
Avg Revenue beat(2)-21.42%
Min Revenue beat(2)-23.46%
Max Revenue beat(2)-19.38%
Revenue beat(4)0
Avg Revenue beat(4)-24.23%
Min Revenue beat(4)-28.57%
Max Revenue beat(4)-19.38%
Revenue beat(8)0
Avg Revenue beat(8)-17.71%
Revenue beat(12)1
Avg Revenue beat(12)-12.55%
Revenue beat(16)4
Avg Revenue beat(16)-7.54%
PT rev (1m)0%
PT rev (3m)-5.36%
EPS NQ rev (1m)28.24%
EPS NQ rev (3m)-4.39%
EPS NY rev (1m)4.58%
EPS NY rev (3m)4.58%
Revenue NQ rev (1m)11.63%
Revenue NQ rev (3m)11.72%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.74 | ||
| Fwd PE | 15.15 | ||
| P/S | 0.1 | ||
| P/FCF | 7.2 | ||
| P/OCF | 5.09 | ||
| P/B | 2.63 | ||
| P/tB | 7.27 | ||
| EV/EBITDA | 8.85 |
EPS(TTM)2.69
EY5.06%
EPS(NY)3.5
Fwd EY6.6%
FCF(TTM)7.37
FCFY13.88%
OCF(TTM)10.43
OCFY19.64%
SpS524.34
BVpS20.19
TBVpS7.31
PEG (NY)0.96
PEG (5Y)1.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 12.99% | ||
| ROCE | 9.04% | ||
| ROIC | 7.14% | ||
| ROICexc | 7.18% | ||
| ROICexgc | 8.55% | ||
| OM | 1.4% | ||
| PM (TTM) | 0.5% | ||
| GM | 6.07% | ||
| FCFM | 1.41% |
ROA(3y)5.56%
ROA(5y)4.4%
ROE(3y)23.6%
ROE(5y)19.66%
ROIC(3y)9.44%
ROIC(5y)8.29%
ROICexc(3y)9.47%
ROICexc(5y)8.32%
ROICexgc(3y)11.69%
ROICexgc(5y)10.23%
ROCE(3y)11.94%
ROCE(5y)10.49%
ROICexcg growth 3Y5.86%
ROICexcg growth 5Y4.63%
ROICexc growth 3Y6.72%
ROICexc growth 5Y5.22%
OM growth 3Y9.6%
OM growth 5Y5.99%
PM growth 3Y12.39%
PM growth 5Y17.64%
GM growth 3Y4.33%
GM growth 5Y3.99%
F-Score7
Asset Turnover4.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 6.74 | ||
| Debt/EBITDA | 4.05 | ||
| Cap/Depr | 72.26% | ||
| Cap/Sales | 0.58% | ||
| Interest Coverage | 1.92 | ||
| Cash Conversion | 90.2% | ||
| Profit Quality | 281.27% | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | N/A |
F-Score7
WACC9.09%
ROIC/WACC0.79
Cap/Depr(3y)85.52%
Cap/Depr(5y)86.46%
Cap/Sales(3y)0.57%
Cap/Sales(5y)0.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.27%
EPS 3Y23.25%
EPS 5Y16.31%
EPS Q2Q%-45.3%
EPS Next Y20.47%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue 1Y (TTM)3.74%
Revenue growth 3Y9.01%
Revenue growth 5Y5.58%
Sales Q2Q%4.93%
Revenue Next Year24.85%
Revenue Next 2Y26.55%
Revenue Next 3Y19.98%
Revenue Next 5YN/A
EBIT growth 1Y6.01%
EBIT growth 3Y19.48%
EBIT growth 5Y11.91%
EBIT Next Year71.37%
EBIT Next 3Y21.09%
EBIT Next 5YN/A
FCF growth 1Y4.88%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.11%
OCF growth 3Y-14.3%
OCF growth 5Y-19.66%