GAMING AND LEISURE PROPERTIE (GLPI)
US36467J1088 - REIT
Overall GLPI gets a fundamental rating of 5 out of 10. We evaluated GLPI against 28 industry peers in the Specialized REITs industry. GLPI scores excellent on profitability, but there are concerns on its financial health. GLPI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
GLPI had positive earnings in the past year.
In the past year GLPI had a positive cash flow from operations.
In the past 5 years GLPI has always been profitable.
GLPI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.15%, GLPI belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
GLPI has a Return On Equity of 17.56%. This is amongst the best in the industry. GLPI outperforms 82.14% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.27%, GLPI belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GLPI is in line with the industry average of 5.04%.
The last Return On Invested Capital (7.27%) for GLPI is above the 3 year average (6.91%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.15% | ||
| ROE | 17.56% | ||
| ROIC | 7.27% |
ROA(3y)5.82%
ROA(5y)5.54%
ROE(3y)17.51%
ROE(5y)18.04%
ROIC(3y)6.91%
ROIC(5y)6.92%
1.3 Margins
The Profit Margin of GLPI (49.61%) is better than 96.43% of its industry peers.
In the last couple of years the Profit Margin of GLPI has grown nicely.
With an excellent Operating Margin value of 72.36%, GLPI belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
GLPI's Operating Margin has improved in the last couple of years.
GLPI has a Gross Margin of 96.72%. This is amongst the best in the industry. GLPI outperforms 92.86% of its industry peers.
In the last couple of years the Gross Margin of GLPI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.36% | ||
| PM (TTM) | 49.61% | ||
| GM | 96.72% |
OM growth 3Y3.32%
OM growth 5Y3.66%
PM growth 3Y5.17%
PM growth 5Y9.67%
GM growth 3Y1.46%
GM growth 5Y3.17%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLPI is destroying value.
Compared to 1 year ago, GLPI has more shares outstanding
Compared to 5 years ago, GLPI has more shares outstanding
Compared to 1 year ago, GLPI has about the same debt to assets ratio.
2.2 Solvency
GLPI has an Altman-Z score of 1.10. This is a bad value and indicates that GLPI is not financially healthy and even has some risk of bankruptcy.
GLPI's Altman-Z score of 1.10 is fine compared to the rest of the industry. GLPI outperforms 60.71% of its industry peers.
The Debt to FCF ratio of GLPI is 7.13, which is on the high side as it means it would take GLPI, 7.13 years of fcf income to pay off all of its debts.
GLPI has a better Debt to FCF ratio (7.13) than 78.57% of its industry peers.
A Debt/Equity ratio of 1.62 is on the high side and indicates that GLPI has dependencies on debt financing.
The Debt to Equity ratio of GLPI (1.62) is worse than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | 7.13 | ||
| Altman-Z | 1.1 |
ROIC/WACC0.88
WACC8.26%
2.3 Liquidity
GLPI has a Current Ratio of 0.73. This is a bad value and indicates that GLPI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GLPI (0.73) is comparable to the rest of the industry.
A Quick Ratio of 0.73 indicates that GLPI may have some problems paying its short term obligations.
GLPI has a Quick ratio (0.73) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
GLPI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.93%, which is quite good.
GLPI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.21% yearly.
Looking at the last year, GLPI shows a quite strong growth in Revenue. The Revenue has grown by 8.08% in the last year.
GLPI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.41% yearly.
EPS 1Y (TTM)9.93%
EPS 3Y7.14%
EPS 5Y9.21%
EPS growth Q2Q31.43%
Revenue 1Y (TTM)8.08%
Revenue growth 3Y7.69%
Revenue growth 5Y6.41%
Revenue growth Q2Q5.85%
3.2 Future
The Earnings Per Share is expected to grow by 7.06% on average over the next years.
GLPI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.47% yearly.
EPS Next Y6.05%
EPS Next 2Y4.65%
EPS Next 3Y7.06%
EPS Next 5YN/A
Revenue Next Year4.18%
Revenue Next 2Y2.57%
Revenue Next 3Y2.47%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.42, GLPI is valued correctly.
92.86% of the companies in the same industry are more expensive than GLPI, based on the Price/Earnings ratio.
GLPI is valuated rather cheaply when we compare the Price/Earnings ratio to 24.55, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.22, which indicates a correct valuation of GLPI.
Based on the Price/Forward Earnings ratio, GLPI is valued cheaper than 89.29% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.92. GLPI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 14.22 |
4.2 Price Multiples
82.14% of the companies in the same industry are more expensive than GLPI, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GLPI indicates a rather cheap valuation: GLPI is cheaper than 89.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.49 | ||
| EV/EBITDA | 13.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of GLPI may justify a higher PE ratio.
PEG (NY)2.39
PEG (5Y)1.57
EPS Next 2Y4.65%
EPS Next 3Y7.06%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.11%, GLPI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.94, GLPI pays a better dividend. On top of this GLPI pays more dividend than 89.29% 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.11% |
5.2 History
The dividend of GLPI has a limited annual growth rate of 4.86%.
GLPI has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of GLPI decreased recently.
Dividend Growth(5Y)4.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
108.39% 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.
DP108.39%
EPS Next 2Y4.65%
EPS Next 3Y7.06%
GAMING AND LEISURE PROPERTIE
NASDAQ:GLPI (5/1/2024, 7:00:01 PM)
After market: 43.13 0 (0%)43.13
+0.4 (+0.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.71B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.11% |
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)
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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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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
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 | 14.42 | ||
| Fwd PE | 14.22 | ||
| 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)2.39
PEG (5Y)1.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.15% | ||
| ROE | 17.56% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 72.36% | ||
| PM (TTM) | 49.61% | ||
| GM | 96.72% | ||
| 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 Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 | ||
| 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)9.93%
EPS 3Y7.14%
EPS 5Y
EPS growth Q2Q
EPS Next Y6.05%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)8.08%
Revenue growth 3Y7.69%
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