GLOBAL PARTNERS LP (GLP)
US37946R1095
Taking everything into account, GLP scores 4 out of 10 in our fundamental rating. GLP was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. GLP may be in some trouble as it scores bad on both profitability and health. GLP has a correct valuation and a medium growth rate.
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.
GLP had positive earnings in each of the past 5 years.
GLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLP has a worse Return On Assets (3.72%) than 65.42% of its industry peers.
GLP has a Return On Equity (15.99%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 7.74%, GLP is in line with its industry, outperforming 44.86% 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 44.55%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 15.99% | ||
| ROIC | 7.74% |
ROA(3y)5.36%
ROA(5y)4.16%
ROE(3y)22.59%
ROE(5y)18.57%
ROIC(3y)9.03%
ROIC(5y)7.98%
1.3 Margins
The Profit Margin of GLP (0.78%) is worse than 77.57% of its industry peers.
GLP's Profit Margin has been stable in the last couple of years.
The Operating Margin of GLP (1.46%) is worse than 82.71% of its industry peers.
GLP's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 5.90%, GLP is not doing good in the industry: 81.31% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of GLP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.46% | ||
| PM (TTM) | 0.78% | ||
| GM | 5.9% |
OM growth 3Y-14.4%
OM growth 5Y-1.52%
PM growth 3Y-11.75%
PM growth 5Y-0.32%
GM growth 3Y-12%
GM growth 5Y2.85%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GLP is still creating some value.
The number of shares outstanding for GLP remains at a similar level compared to 1 year ago.
Compared to 5 years ago, GLP has more 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 3.02. This is a good value and a sign of high solvency as GLP would need 3.02 years to pay back of all of its debts.
GLP has a better Debt to FCF ratio (3.02) than 68.22% of its industry peers.
GLP has a Debt/Equity ratio of 1.58. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.58, GLP is doing worse than 79.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.58 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | N/A |
ROIC/WACC1.09
WACC7.11%
2.3 Liquidity
A Current Ratio of 1.12 indicates that GLP should not have too much problems paying its short term obligations.
GLP has a Current ratio of 1.12. This is comparable to the rest of the industry: GLP outperforms 44.39% of its industry peers.
GLP has a Quick Ratio of 1.12. 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 0.71, GLP is doing worse than 73.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.12 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
The earnings per share for GLP have decreased strongly by -62.51% in the last year.
The Earnings Per Share has been growing by 21.33% on average over the past years. This is a very strong growth
Looking at the last year, GLP shows a very negative growth in Revenue. The Revenue has decreased by -12.64% in the last year.
The Revenue has been growing slightly by 5.41% on average over the past years.
EPS 1Y (TTM)-62.51%
EPS 3Y10.46%
EPS 5Y21.33%
EPS growth Q2Q-8.44%
Revenue 1Y (TTM)-12.64%
Revenue growth 3Y25.61%
Revenue growth 5Y5.41%
Revenue growth Q2Q-0.4%
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 9.58% yearly.
The Revenue is expected to grow by 25.95% on average over the next years. This is a very strong growth
EPS Next Y4.76%
EPS Next 2Y9.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year41.45%
Revenue Next 2Y25.95%
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 decreasing.
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 12.70, which indicates a correct valuation of GLP.
The rest of the industry has a similar Price/Earnings ratio as GLP.
The average S&P500 Price/Earnings ratio is at 28.28. GLP is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 12.12, which indicates a correct valuation of GLP.
The rest of the industry has a similar Price/Forward Earnings ratio as GLP.
GLP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.7 | ||
| Fwd PE | 12.12 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GLP is on the same level as its industry peers.
90.65% of the companies in the same industry are more expensive than GLP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.83 | ||
| EV/EBITDA | 8.2 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.67
PEG (5Y)0.6
EPS Next 2Y9.58%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.96%, GLP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.85, GLP pays a bit more dividend than its industry peers.
GLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.96% |
5.2 History
On average, the dividend of GLP grows each year by 16.87%, which is quite nice.
GLP has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of GLP decreased recently.
Dividend Growth(5Y)16.87%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
GLP pays out 113.04% of its income as dividend. This is not a sustainable payout ratio.
GLP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP113.04%
EPS Next 2Y9.58%
EPS Next 3YN/A
GLOBAL PARTNERS LP
NYSE:GLP (5/3/2024, 7:04:01 PM)
After market: 47.75 0 (0%)47.75
+0.09 (+0.19%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.62B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.96% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 12.7 | ||
| Fwd PE | 12.12 | ||
| 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)2.67
PEG (5Y)0.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 15.99% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 1.46% | ||
| PM (TTM) | 0.78% | ||
| GM | 5.9% | ||
| 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 Turnover4.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.58 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.12 | ||
| Quick Ratio | 0.71 | ||
| 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)-62.51%
EPS 3Y10.46%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.76%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-12.64%
Revenue growth 3Y25.61%
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