GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - NYSE:GLP - US37946R1095
45.79 USD
-0.18 (-0.39%)
45.79 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to GLP. GLP was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. While GLP is still in line with the averages on profitability rating, there are concerns on its financial health. GLP is not valued too expensively and it also shows a decent growth rate. GLP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
GLP had positive earnings in the past year.
GLP had a positive operating cash flow in the past year.
In the past 5 years GLP has always been profitable.
Each year in the past 5 years GLP had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.35%, GLP is in line with its industry, outperforming 44.55% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.99%, GLP is in the better half of the industry, outperforming 70.14% of the companies in the same industry.
GLP's Return On Invested Capital of 7.14% is fine compared to the rest of the industry. GLP outperforms 63.51% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLP is significantly below the industry average of 21.54%.
| 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: 65.40% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of GLP has grown nicely.
The Operating Margin of GLP (1.40%) is worse than 72.51% of its industry peers.
GLP's Operating Margin has improved in the last couple of years.
The Gross Margin of GLP (6.07%) is worse than 73.46% of its industry peers.
GLP's Gross Margin has improved in the last couple of years.
| 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
GLP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for GLP has been reduced compared to 1 year ago.
GLP has less shares outstanding than it did 5 years ago.
GLP has a worse debt/assets ratio than last year.
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 58.29% 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 83.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | N/A |
ROIC/WACC0.86
WACC8.27%
2.3 Liquidity
A Current Ratio of 1.18 indicates that GLP should not have too much problems paying its short term obligations.
The Current ratio of GLP (1.18) is comparable to the rest of the industry.
A Quick Ratio of 0.70 indicates that GLP may have some problems paying its short term obligations.
GLP's Quick ratio of 0.70 is on the low side compared to the rest of the industry. GLP is outperformed by 67.77% of its industry peers.
| 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
GLP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.29% yearly.
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
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 17.02, which indicates a rather expensive current valuation of GLP.
The rest of the industry has a similar Price/Earnings ratio as GLP.
GLP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.91.
A Price/Forward Earnings ratio of 13.07 indicates a correct valuation of GLP.
GLP's Price/Forward Earnings is on the same level as the industry average.
GLP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.02 | ||
| Fwd PE | 13.07 |
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 cheaply inside the industry as 86.73% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.21 | ||
| EV/EBITDA | 8.23 |
4.3 Compensation for Growth
The 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)0.83
PEG (5Y)1.04
EPS Next 2Y18.64%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
GLP has a Yearly Dividend Yield of 9.14%, which is a nice return.
Compared to an average industry Dividend Yield of 6.30, GLP pays a better dividend. On top of this GLP pays more dividend than 85.31% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, GLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.14% |
5.2 History
On average, the dividend of GLP grows each year by 9.73%, which is quite nice.
GLP has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.73%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GLP pays out 137.85% of its income as dividend. This is not a sustainable payout ratio.
GLP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP137.85%
EPS Next 2Y18.64%
EPS Next 3Y14.29%
45.79
-0.18 (-0.39%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners47.65%
Inst Owner Change-17.52%
Ins Owners5.19%
Ins Owner Change1.57%
Market Cap1.56B
Revenue(TTM)17.83B
Net Income(TTM)89.12M
Analysts46.67
Price Target54.06 (18.06%)
Short Float %1.73%
Short Ratio7.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.14% |
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)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)28.24%
EPS NY rev (1m)0%
EPS NY rev (3m)4.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.02 | ||
| Fwd PE | 13.07 | ||
| P/S | 0.09 | ||
| P/FCF | 6.21 | ||
| P/OCF | 4.39 | ||
| P/B | 2.27 | ||
| P/tB | 6.27 | ||
| EV/EBITDA | 8.23 |
EPS(TTM)2.69
EY5.87%
EPS(NY)3.5
Fwd EY7.65%
FCF(TTM)7.37
FCFY16.1%
OCF(TTM)10.43
OCFY22.78%
SpS524.34
BVpS20.19
TBVpS7.31
PEG (NY)0.83
PEG (5Y)1.04
Graham Number34.95
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%
ROICexgc growth 3Y5.86%
ROICexgc 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
WACC8.27%
ROIC/WACC0.86
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 Year72.72%
EBIT Next 3Y22.92%
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%
GLOBAL PARTNERS LP / GLP FAQ
Can you provide the ChartMill fundamental rating for GLOBAL PARTNERS LP?
ChartMill assigns a fundamental rating of 4 / 10 to GLP.
What is the valuation status for GLP stock?
ChartMill assigns a valuation rating of 5 / 10 to GLOBAL PARTNERS LP (GLP). This can be considered as Fairly Valued.
Can you provide the profitability details for GLOBAL PARTNERS LP?
GLOBAL PARTNERS LP (GLP) has a profitability rating of 5 / 10.
What is the financial health of GLOBAL PARTNERS LP (GLP) stock?
The financial health rating of GLOBAL PARTNERS LP (GLP) is 2 / 10.
What is the expected EPS growth for GLOBAL PARTNERS LP (GLP) stock?
The Earnings per Share (EPS) of GLOBAL PARTNERS LP (GLP) is expected to grow by 20.47% in the next year.