GAMING AND LEISURE PROPERTIE (GLPI) Stock Fundamental Analysis
USA - NASDAQ:GLPI - US36467J1088 - REIT
47.38 USD
+0.2 (+0.42%)
47.43 USD
+0.05 (+0.11%)
GLPI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 29 industry peers in the Specialized REITs industry. GLPI has an excellent profitability rating, but there are concerns on its financial health. GLPI has a correct valuation and a medium growth rate.
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.
In the past 5 years GLPI has always been profitable.
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 79.31% of its industry peers.
The Return On Equity of GLPI (15.76%) is better than 86.21% of its industry peers.
GLPI's Return On Invested Capital of 7.00% is amongst the best of the industry. GLPI outperforms 86.21% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GLPI is above the industry average of 4.79%.
| 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
GLPI has a Profit Margin of 45.87%. This is amongst the best in the industry. GLPI outperforms 89.66% of its industry peers.
GLPI's Profit Margin has improved in the last couple of years.
GLPI has a better Operating Margin (68.79%) than 93.10% of its industry peers.
GLPI's Operating Margin has improved in the last couple of years.
GLPI's Gross Margin of 96.71% is amongst the best of the industry. GLPI outperforms 93.10% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLPI is destroying value.
The number of shares outstanding for GLPI has been increased compared to 1 year ago.
The number of shares outstanding for GLPI has been increased compared to 5 years ago.
GLPI has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.21, we must say that GLPI is in the distress zone and has some risk of bankruptcy.
GLPI has a Altman-Z score (1.21) which 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 of 17.47. This is comparable to the rest of the industry: GLPI outperforms 48.28% of its industry peers.
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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.21 |
ROIC/WACC0.94
WACC7.43%
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 72.41% 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 72.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
The earnings per share for GLPI have decreased strongly by -10.03% in the last year.
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.
GLPI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.83% yearly.
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
Based on estimates for the next years, GLPI will show a small growth in Earnings Per Share. The EPS will grow by 3.38% on average per year.
GLPI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.66% yearly.
EPS Next Y-7.18%
EPS Next 2Y2.58%
EPS Next 3Y3.38%
EPS Next 5YN/A
Revenue Next Year3.65%
Revenue Next 2Y3.49%
Revenue Next 3Y3.72%
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
A Price/Earnings ratio of 18.22 indicates a rather expensive valuation of GLPI.
89.66% of the companies in the same industry are more expensive than GLPI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.20, GLPI is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.69, which indicates a correct valuation of GLPI.
Based on the Price/Forward Earnings ratio, GLPI is valued cheaper than 93.10% of the companies in the same industry.
GLPI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.22 | ||
| Fwd PE | 15.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLPI is valued a bit cheaper than the industry average as 79.31% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as GLPI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.68 | ||
| EV/EBITDA | 14.7 |
4.3 Compensation for Growth
The excellent profitability rating of GLPI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.85
EPS Next 2Y2.58%
EPS Next 3Y3.38%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.44%, GLPI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.99, GLPI pays a better dividend. On top of this GLPI pays more dividend than 82.76% of the companies listed in the same industry.
GLPI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.44% |
5.2 History
The dividend of GLPI has a limited annual growth rate of 2.94%.
GLPI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)2.94%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GLPI pays out 118.06% of its income as dividend. This is not a sustainable payout ratio.
GLPI's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP118.06%
EPS Next 2Y2.58%
EPS Next 3Y3.38%
47.38
+0.2 (+0.42%)
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-0.09%
Market Cap13.41B
Analysts75.17
Price Target54.95 (15.98%)
Short Float %1.68%
Short Ratio2.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.44% |
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)-0.7%
PT rev (3m)-2.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.59%
EPS NY rev (1m)-9.03%
EPS NY rev (3m)-7.35%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.28%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.22 | ||
| Fwd PE | 15.69 | ||
| P/S | 8.57 | ||
| P/FCF | 33.68 | ||
| P/OCF | 12.09 | ||
| P/B | 2.94 | ||
| P/tB | 2.94 | ||
| EV/EBITDA | 14.7 |
EPS(TTM)2.6
EY5.49%
EPS(NY)3.02
Fwd EY6.37%
FCF(TTM)1.41
FCFY2.97%
OCF(TTM)3.92
OCFY8.27%
SpS5.53
BVpS16.09
TBVpS16.09
PEG (NY)N/A
PEG (5Y)1.85
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 | 1.21 |
F-Score5
WACC7.43%
ROIC/WACC0.94
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 Y-7.18%
EPS Next 2Y2.58%
EPS Next 3Y3.38%
EPS Next 5YN/A
Revenue 1Y (TTM)5.38%
Revenue growth 3Y7.98%
Revenue growth 5Y5.83%
Sales Q2Q%3.74%
Revenue Next Year3.65%
Revenue Next 2Y3.49%
Revenue Next 3Y3.72%
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%