GAMING AND LEISURE PROPERTIE (GLPI) Stock Fundamental Analysis
NASDAQ:GLPI - US36467J1088 - REIT
48.15 USD
+0.76 (+1.6%)
48.15 USD
0 (0%)
GLPI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. While GLPI belongs to the best of the industry regarding profitability, there are concerns on its financial health. GLPI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
GLPI had positive earnings in the past year.
GLPI had a positive operating cash flow in the past year.
GLPI had positive earnings in each of the past 5 years.
Each year in the past 5 years GLPI had a positive operating cash flow.
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 has a better Return On Equity (15.76%) than 83.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.00%, GLPI belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GLPI is above the industry average of 5.15%.
| 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
The Profit Margin of GLPI (45.87%) is better than 90.00% of its industry peers.
GLPI's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 68.79%, 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 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GLPI is destroying value.
GLPI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, GLPI has more shares outstanding
The debt/assets ratio for GLPI is higher compared to a year ago.
2.2 Solvency
GLPI has an Altman-Z score of 1.22. This is a bad value and indicates that GLPI is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GLPI (1.22) is comparable to the rest of the 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.
GLPI has a Debt to FCF ratio (17.47) which is comparable to the rest of the industry.
GLPI has a Debt/Equity ratio of 1.53. This is a high value indicating a heavy dependency on external financing.
GLPI has a Debt to Equity ratio (1.53) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.22 |
ROIC/WACC0.93
WACC7.54%
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.
Looking at the Current ratio, with a value of 1.74, GLPI is in the better half of 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.
With a decent Quick ratio value of 1.74, GLPI is doing good in the industry, outperforming 73.33% of the companies in the same industry.
| 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.
The Revenue has been growing slightly by 5.38% in the past 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.
The Revenue is expected to grow by 10.66% on average over the next years. This is quite good.
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 5Y10.66%
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 18.52, which indicates a rather expensive current valuation of GLPI.
Based on the Price/Earnings ratio, GLPI is valued cheaper than 86.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.24. GLPI is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 15.15, GLPI is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLPI indicates a rather cheap valuation: GLPI is cheaper than 93.33% of the companies listed in the same industry.
GLPI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.52 | ||
| Fwd PE | 15.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLPI is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GLPI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.23 | ||
| EV/EBITDA | 14.74 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
GLPI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)9.13
PEG (5Y)1.88
EPS Next 2Y5.24%
EPS Next 3Y3.64%
5. Dividend
5.1 Amount
GLPI has a Yearly Dividend Yield of 6.80%, which is a nice return.
Compared to an average industry Dividend Yield of 6.03, GLPI pays a better dividend. On top of this GLPI pays more dividend than 93.33% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, GLPI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.8% |
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.
The dividend of GLPI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP118.06%
EPS Next 2Y5.24%
EPS Next 3Y3.64%
48.15
+0.76 (+1.6%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners93.34%
Inst Owner Change-3.2%
Ins Owners2.45%
Ins Owner Change-0.07%
Market Cap13.63B
Analysts75.17
Price Target55.34 (14.93%)
Short Float %1.98%
Short Ratio3.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.8% |
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)-2.37%
Min Revenue beat(2)-2.47%
Max Revenue beat(2)-2.28%
Revenue beat(4)0
Avg Revenue beat(4)-2.27%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)-1.89%
Revenue beat(8)2
Avg Revenue beat(8)-1.22%
Revenue beat(12)4
Avg Revenue beat(12)-0.92%
Revenue beat(16)5
Avg Revenue beat(16)-0.84%
PT rev (1m)-1.16%
PT rev (3m)-1.71%
EPS NQ rev (1m)-6.48%
EPS NQ rev (3m)-6.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.78%
Revenue NQ rev (1m)-0.53%
Revenue NQ rev (3m)-1.64%
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-0.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.52 | ||
| Fwd PE | 15.15 | ||
| P/S | 8.71 | ||
| P/FCF | 34.23 | ||
| P/OCF | 12.29 | ||
| P/B | 2.99 | ||
| P/tB | 2.99 | ||
| EV/EBITDA | 14.74 |
EPS(TTM)2.6
EY5.4%
EPS(NY)3.18
Fwd EY6.6%
FCF(TTM)1.41
FCFY2.92%
OCF(TTM)3.92
OCFY8.14%
SpS5.53
BVpS16.09
TBVpS16.09
PEG (NY)9.13
PEG (5Y)1.88
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 | 1.22 |
F-Score5
WACC7.54%
ROIC/WACC0.93
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 5Y10.66%
EBIT growth 1Y-3.22%
EBIT growth 3Y11.18%
EBIT growth 5Y9.45%
EBIT Next Year29%
EBIT Next 3Y12.92%
EBIT Next 5Y17.02%
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%