GLOBAL PARTNERS LP (GLP) Stock Fundamental Analysis
USA - NYSE:GLP - US37946R1095
45.79 USD
-0.18 (-0.39%)
45.79 USD
0 (0%)
Overall GLP gets a fundamental rating of 4 out of 10. We evaluated GLP against 209 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 decent growth rate and is not valued too expensively. Finally GLP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
GLP had positive earnings in the past year.
In the past year GLP had a positive cash flow from operations.
In the past 5 years GLP has always been profitable.
GLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLP has a Return On Assets (2.35%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 12.99%, GLP is in the better half of the industry, outperforming 70.33% of the companies in the same industry.
The Return On Invested Capital of GLP (7.14%) is better than 63.64% of its industry peers.
GLP had an Average Return On Invested Capital over the past 3 years of 9.44%. This is significantly below the industry average of 21.70%.
| 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: 65.55% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of GLP has grown nicely.
GLP's Operating Margin of 1.40% is on the low side compared to the rest of the industry. GLP is outperformed by 72.25% of its industry peers.
GLP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 6.07%, GLP is doing worse than 73.21% 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.
GLP has less shares outstanding than it did 1 year ago.
GLP has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, GLP has a worse debt to assets ratio.
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.
Looking at the Debt to FCF ratio, with a value of 6.74, GLP is in line with its industry, outperforming 57.89% of the companies in the same industry.
A Debt/Equity ratio of 2.32 is on the high side and indicates that GLP has dependencies on debt financing.
GLP has a worse Debt to Equity ratio (2.32) than 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.32 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | N/A |
ROIC/WACC0.86
WACC8.28%
2.3 Liquidity
A Current Ratio of 1.18 indicates that GLP should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.18, GLP is in line with its industry, outperforming 51.20% of the companies in the same industry.
A Quick Ratio of 0.70 indicates that GLP may have some problems paying its short term obligations.
GLP has a Quick ratio of 0.70. This is in the lower half of the industry: GLP underperforms 67.46% 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.
Looking at the last year, GLP shows a small growth in Revenue. The Revenue has grown by 3.74% in the last year.
Measured over the past years, GLP shows a small growth in Revenue. The Revenue has been growing by 5.58% on average per year.
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.
GLP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.98% yearly.
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.
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
GLP is valuated rather expensively with a Price/Earnings ratio of 17.02.
The rest of the industry has a similar Price/Earnings ratio as GLP.
GLP is valuated rather cheaply when we compare the Price/Earnings ratio to 26.89, which is the current average of the S&P500 Index.
GLP is valuated correctly with a Price/Forward Earnings ratio of 13.07.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLP is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.99, GLP is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.02 | ||
| Fwd PE | 13.07 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GLP.
Based on the Price/Free Cash Flow ratio, GLP is valued cheaply inside the industry as 86.12% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.21 | ||
| EV/EBITDA | 8.22 |
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.
GLP's earnings are expected to grow with 14.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.83
PEG (5Y)1.04
EPS Next 2Y18.64%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.12%, GLP is a good candidate for dividend investing.
GLP's Dividend Yield is rather good when compared to the industry average which is at 6.15. GLP pays more dividend than 86.12% of the companies in the same industry.
GLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.12% |
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
GLP pays out 137.85% of its income as dividend. 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%
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 %1.7%
Short Ratio6.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.12% |
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 | 8.22 |
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
WACC8.28%
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.