GAMING AND LEISURE PROPERTIE (GLPI) Stock Fundamental Analysis
NASDAQ:GLPI - Nasdaq - US36467J1088 - REIT - Currency: USD
We assign a fundamental rating of 5 out of 10 to GLPI. GLPI was compared to 30 industry peers in the Specialized REITs industry. GLPI has an excellent profitability rating, but there are concerns on its financial health. GLPI has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year GLPI was profitable.
In the past year GLPI had a positive cash flow from operations.
GLPI had positive earnings in each of the past 5 years.
GLPI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLPI's Return On Assets of 5.75% is fine compared to the rest of the industry. GLPI outperforms 80.00% of its industry peers.
GLPI's Return On Equity of 15.76% is amongst the best of the industry. GLPI outperforms 83.33% of its industry peers.
The Return On Invested Capital of GLPI (7.00%) is better than 83.33% of its industry peers.
GLPI had an Average Return On Invested Capital over the past 3 years of 7.16%. This is in line with the industry average of 5.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.75% | ||
| ROE | 15.76% | ||
| ROIC | 7% |
ROA(3y)6.16%
ROA(5y)5.81%
ROE(3y)18.04%
ROE(5y)17.95%
ROIC(3y)7.16%
ROIC(5y)6.94%
1.3 Margins
With an excellent Profit Margin value of 45.87%, GLPI belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
In the last couple of years the Profit Margin of GLPI has grown nicely.
Looking at the Operating Margin, with a value of 68.79%, GLPI belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
In the last couple of years the Operating Margin of GLPI has grown nicely.
GLPI has a Gross Margin of 96.71%. This is amongst the best in the industry. GLPI outperforms 93.33% of its industry peers.
In the last couple of years the Gross Margin of GLPI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 68.79% | ||
| PM (TTM) | 45.87% | ||
| GM | 96.71% |
OM growth 3Y2.96%
OM growth 5Y3.42%
PM growth 3Y5.28%
PM growth 5Y8.64%
GM growth 3Y1.53%
GM growth 5Y1.52%
2. Health
2.1 Basic Checks
GLPI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
GLPI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, GLPI has more shares outstanding
GLPI has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.19, we must say that GLPI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.19, GLPI is in line with its industry, outperforming 56.67% of the companies in the same industry.
The Debt to FCF ratio of GLPI is 17.47, which is on the high side as it means it would take GLPI, 17.47 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 17.47, GLPI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
A Debt/Equity ratio of 1.53 is on the high side and indicates that GLPI has dependencies on debt financing.
The Debt to Equity ratio of GLPI (1.53) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.19 |
ROIC/WACC1
WACC6.99%
2.3 Liquidity
GLPI has a Current Ratio of 1.74. This is a normal value and indicates that GLPI is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.74, GLPI is doing good in the industry, outperforming 73.33% of the companies in the same industry.
GLPI has a Quick Ratio of 1.74. This is a normal value and indicates that GLPI is financially healthy and should not expect problems in meeting its short term obligations.
GLPI has a better Quick ratio (1.74) than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
GLPI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.03%.
Measured over the past years, GLPI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.87% on average per year.
Looking at the last year, GLPI shows a small growth in Revenue. The Revenue has grown by 5.38% in the last year.
The Revenue has been growing slightly by 5.83% on average over the past years.
EPS 1Y (TTM)-10.03%
EPS 3Y8.36%
EPS 5Y9.87%
EPS Q2Q%-29.87%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y7.98%
Revenue growth 5Y5.83%
Sales Q2Q%3.74%
3.2 Future
GLPI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.64% yearly.
GLPI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.50% yearly.
EPS Next Y2.03%
EPS Next 2Y5.24%
EPS Next 3Y3.64%
EPS Next 5YN/A
Revenue Next Year3.14%
Revenue Next 2Y3.34%
Revenue Next 3Y3.5%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
GLPI is valuated rather expensively with a Price/Earnings ratio of 17.75.
GLPI's Price/Earnings ratio is rather cheap when compared to the industry. GLPI is cheaper than 90.00% of the companies in the same industry.
GLPI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.82.
The Price/Forward Earnings ratio is 14.52, which indicates a correct valuation of GLPI.
93.33% of the companies in the same industry are more expensive than GLPI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of GLPI to the average of the S&P500 Index (36.21), we can say GLPI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.75 | ||
| Fwd PE | 14.52 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLPI is valued a bit cheaper than 73.33% of the companies in the same industry.
60.00% of the companies in the same industry are cheaper than GLPI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.81 | ||
| EV/EBITDA | 14.48 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GLPI does not grow enough to justify the current Price/Earnings ratio.
GLPI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)8.75
PEG (5Y)1.8
EPS Next 2Y5.24%
EPS Next 3Y3.64%
5. Dividend
5.1 Amount
GLPI has a Yearly Dividend Yield of 6.85%, which is a nice return.
Compared to an average industry Dividend Yield of 5.91, GLPI pays a better dividend. On top of this GLPI pays more dividend than 86.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, GLPI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.85% |
5.2 History
The dividend of GLPI has a limited annual growth rate of 2.94%.
GLPI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.94%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
118.06% of the earnings are spent on dividend by GLPI. This is not a sustainable payout ratio.
GLPI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP118.06%
EPS Next 2Y5.24%
EPS Next 3Y3.64%
46.15
+0.57 (+1.25%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.71%
Inst Owner Change0.51%
Ins Owners2.52%
Ins Owner Change0%
Market Cap13.06B
Analysts77.33
Price Target56.03 (21.41%)
Short Float %1.88%
Short Ratio3.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.85% |
Yearly Dividend3.05
Dividend Growth(5Y)2.94%
DP118.06%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-24.75%
Min EPS beat(2)-29.51%
Max EPS beat(2)-19.99%
EPS beat(4)1
Avg EPS beat(4)-14.17%
Min EPS beat(4)-29.51%
Max EPS beat(4)5.2%
EPS beat(8)3
Avg EPS beat(8)-6.91%
EPS beat(12)5
Avg EPS beat(12)-4.57%
EPS beat(16)6
Avg EPS beat(16)-5.77%
Revenue beat(2)0
Avg Revenue beat(2)-1.92%
Min Revenue beat(2)-2.28%
Max Revenue beat(2)-1.56%
Revenue beat(4)0
Avg Revenue beat(4)-2.04%
Min Revenue beat(4)-2.42%
Max Revenue beat(4)-1.56%
Revenue beat(8)2
Avg Revenue beat(8)-1.1%
Revenue beat(12)4
Avg Revenue beat(12)-0.84%
Revenue beat(16)5
Avg Revenue beat(16)-0.79%
PT rev (1m)0.08%
PT rev (3m)-1.02%
EPS NQ rev (1m)-1.85%
EPS NQ rev (3m)-2.18%
EPS NY rev (1m)-0.21%
EPS NY rev (3m)-4.78%
Revenue NQ rev (1m)-1.16%
Revenue NQ rev (3m)-2.27%
Revenue NY rev (1m)-0.74%
Revenue NY rev (3m)-1.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.75 | ||
| Fwd PE | 14.52 | ||
| P/S | 8.35 | ||
| P/FCF | 32.81 | ||
| P/OCF | 11.78 | ||
| P/B | 2.87 | ||
| P/tB | 2.87 | ||
| EV/EBITDA | 14.48 |
EPS(TTM)2.6
EY5.63%
EPS(NY)3.18
Fwd EY6.89%
FCF(TTM)1.41
FCFY3.05%
OCF(TTM)3.92
OCFY8.49%
SpS5.53
BVpS16.09
TBVpS16.09
PEG (NY)8.75
PEG (5Y)1.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.75% | ||
| ROE | 15.76% | ||
| ROCE | 8.87% | ||
| ROIC | 7% | ||
| ROICexc | 7.37% | ||
| ROICexgc | 7.42% | ||
| OM | 68.79% | ||
| PM (TTM) | 45.87% | ||
| GM | 96.71% | ||
| FCFM | 25.44% |
ROA(3y)6.16%
ROA(5y)5.81%
ROE(3y)18.04%
ROE(5y)17.95%
ROIC(3y)7.16%
ROIC(5y)6.94%
ROICexc(3y)7.46%
ROICexc(5y)7.29%
ROICexgc(3y)7.54%
ROICexgc(5y)7.35%
ROCE(3y)9.06%
ROCE(5y)8.78%
ROICexcg growth 3Y2.65%
ROICexcg growth 5Y0.82%
ROICexc growth 3Y2.62%
ROICexc growth 5Y0.86%
OM growth 3Y2.96%
OM growth 5Y3.42%
PM growth 3Y5.28%
PM growth 5Y8.64%
GM growth 3Y1.53%
GM growth 5Y1.52%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 17.47 | ||
| Debt/EBITDA | 5.19 | ||
| Cap/Depr | 269.38% | ||
| Cap/Sales | 45.4% | ||
| Interest Coverage | 3.04 | ||
| Cash Conversion | 82.71% | ||
| Profit Quality | 55.46% | ||
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.74 | ||
| Altman-Z | 1.19 |
F-Score5
WACC6.99%
ROIC/WACC1
Cap/Depr(3y)204.2%
Cap/Depr(5y)165.96%
Cap/Sales(3y)36.14%
Cap/Sales(5y)30.13%
Profit Quality(3y)65.92%
Profit Quality(5y)67.32%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.03%
EPS 3Y8.36%
EPS 5Y9.87%
EPS Q2Q%-29.87%
EPS Next Y2.03%
EPS Next 2Y5.24%
EPS Next 3Y3.64%
EPS Next 5YN/A
Revenue 1Y (TTM)5.38%
Revenue growth 3Y7.98%
Revenue growth 5Y5.83%
Sales Q2Q%3.74%
Revenue Next Year3.14%
Revenue Next 2Y3.34%
Revenue Next 3Y3.5%
Revenue Next 5YN/A
EBIT growth 1Y-3.22%
EBIT growth 3Y11.18%
EBIT growth 5Y9.45%
EBIT Next Year30.39%
EBIT Next 3Y13.12%
EBIT Next 5YN/A
FCF growth 1Y35.1%
FCF growth 3Y6.77%
FCF growth 5Y-12.1%
OCF growth 1Y16.13%
OCF growth 3Y9.11%
OCF growth 5Y7.41%