GAMING AND LEISURE PROPERTIE (GLPI) Stock Fundamental Analysis
USA - NASDAQ:GLPI - US36467J1088 - REIT
44.63 USD
-0.28 (-0.62%)
44.63 USD
0 (0%)
Overall GLPI gets a fundamental rating of 5 out of 10. We evaluated GLPI against 29 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GLPI was profitable.
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 79.31% of its industry peers.
GLPI's Return On Equity of 15.76% is amongst the best of the industry. GLPI outperforms 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 better Profit Margin (45.87%) than 89.66% of its industry peers.
In the last couple of years the Profit Margin of GLPI has grown nicely.
GLPI's Operating Margin of 68.79% is amongst the best of the industry. GLPI outperforms 93.10% of its industry peers.
GLPI's Operating Margin has improved in the last couple of years.
GLPI has a better Gross Margin (96.71%) than 93.10% of its industry peers.
GLPI's Gross Margin has improved in the last couple of years.
| 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.
GLPI has more shares outstanding than it did 5 years ago.
GLPI has a worse debt/assets ratio than last year.
2.2 Solvency
GLPI has an Altman-Z score of 1.16. This is a bad value and indicates that GLPI is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.16, GLPI perfoms like the industry average, outperforming 58.62% 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.
The Debt to FCF ratio of GLPI (17.47) 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.
With a Debt to Equity ratio value of 1.53, GLPI perfoms like the industry average, outperforming 41.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.16 |
ROIC/WACC0.94
WACC7.47%
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.
GLPI has a Current ratio of 1.74. This is in the better half of the industry: GLPI outperforms 72.41% of its industry peers.
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's Quick ratio of 1.74 is fine compared to the rest of the industry. GLPI outperforms 72.41% 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.
GLPI shows a small growth in Revenue. In the last year, the Revenue has grown by 5.38%.
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 3.38% yearly.
The Revenue is expected to grow by 10.66% on average over the next years. This is quite good.
EPS Next Y-7.18%
EPS Next 2Y2.58%
EPS Next 3Y3.38%
EPS Next 5YN/A
Revenue Next Year3.71%
Revenue Next 2Y3.58%
Revenue Next 3Y3.92%
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
Based on the Price/Earnings ratio of 17.17, the valuation of GLPI can be described as rather expensive.
Based on the Price/Earnings ratio, GLPI is valued cheaper than 89.66% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.02, GLPI is valued a bit cheaper.
The Price/Forward Earnings ratio is 14.78, which indicates a correct valuation of GLPI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLPI indicates a rather cheap valuation: GLPI is cheaper than 93.10% of the companies listed in the same industry.
GLPI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.17 | ||
| Fwd PE | 14.78 |
4.2 Price Multiples
79.31% of the companies in the same industry are more expensive than GLPI, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as GLPI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.73 | ||
| EV/EBITDA | 14.22 |
4.3 Compensation for Growth
GLPI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.74
EPS Next 2Y2.58%
EPS Next 3Y3.38%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.70%, GLPI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.05, GLPI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, GLPI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.7% |
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%
44.63
-0.28 (-0.62%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners91.58%
Inst Owner Change0%
Ins Owners2.45%
Ins Owner Change-0.09%
Market Cap12.63B
Analysts75.17
Price Target54.95 (23.12%)
Short Float %1.64%
Short Ratio2.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.7% |
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)0.1%
PT rev (3m)-1.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.59%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.22%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)-0.26%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)-0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.17 | ||
| Fwd PE | 14.78 | ||
| P/S | 8.07 | ||
| P/FCF | 31.73 | ||
| P/OCF | 11.39 | ||
| P/B | 2.77 | ||
| P/tB | 2.77 | ||
| EV/EBITDA | 14.22 |
EPS(TTM)2.6
EY5.83%
EPS(NY)3.02
Fwd EY6.77%
FCF(TTM)1.41
FCFY3.15%
OCF(TTM)3.92
OCFY8.78%
SpS5.53
BVpS16.09
TBVpS16.09
PEG (NY)N/A
PEG (5Y)1.74
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 | 1.16 |
F-Score5
WACC7.47%
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 Year3.71%
Revenue Next 2Y3.58%
Revenue Next 3Y3.92%
Revenue Next 5Y10.66%
EBIT growth 1Y-3.22%
EBIT growth 3Y11.18%
EBIT growth 5Y9.45%
EBIT Next Year29.35%
EBIT Next 3Y13.21%
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%