GETTY REALTY CORP (GTY) Stock Fundamental Analysis
NYSE:GTY - New York Stock Exchange, Inc. - US3742971092 - REIT - Currency: USD
We assign a fundamental rating of 5 out of 10 to GTY. GTY was compared to 130 industry peers in the Diversified REITs industry. GTY has an excellent profitability rating, but there are concerns on its financial health. While showing a medium growth rate, GTY is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
GTY had positive earnings in the past year.
In the past year GTY had a positive cash flow from operations.
GTY had positive earnings in each of the past 5 years.
Each year in the past 5 years GTY had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 3.37%, GTY belongs to the best of the industry, outperforming 82.31% of the companies in the same industry.
GTY has a Return On Equity of 6.91%. This is in the better half of the industry: GTY outperforms 80.00% of its industry peers.
GTY has a better Return On Invested Capital (4.56%) than 85.38% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GTY is in line with the industry average of 3.16%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 6.91% | ||
| ROIC | 4.56% |
ROA(3y)4.09%
ROA(5y)4.3%
ROE(3y)8.25%
ROE(5y)8.66%
ROIC(3y)4.76%
ROIC(5y)4.65%
1.3 Margins
GTY has a better Profit Margin (32.10%) than 88.46% of its industry peers.
GTY's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 52.71%, GTY belongs to the top of the industry, outperforming 93.08% of the companies in the same industry.
In the last couple of years the Operating Margin of GTY has remained more or less at the same level.
Looking at the Gross Margin, with a value of 93.30%, GTY belongs to the top of the industry, outperforming 95.38% of the companies in the same industry.
In the last couple of years the Gross Margin of GTY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.71% | ||
| PM (TTM) | 32.1% | ||
| GM | 93.3% |
OM growth 3Y3.55%
OM growth 5Y1.34%
PM growth 3Y-5.21%
PM growth 5Y-0.56%
GM growth 3Y3.43%
GM growth 5Y3.36%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GTY is destroying value.
GTY has more shares outstanding than it did 1 year ago.
GTY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GTY is higher compared to a year ago.
2.2 Solvency
GTY has an Altman-Z score of 1.11. This is a bad value and indicates that GTY is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GTY (1.11) is better than 78.46% of its industry peers.
GTY has a Debt/Equity ratio of 0.94. This is a neutral value indicating GTY is somewhat dependend on debt financing.
The Debt to Equity ratio of GTY (0.94) is better than 62.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.11 |
ROIC/WACC0.55
WACC8.34%
2.3 Liquidity
A Current Ratio of 0.88 indicates that GTY may have some problems paying its short term obligations.
With a Current ratio value of 0.88, GTY perfoms like the industry average, outperforming 46.92% of the companies in the same industry.
GTY has a Quick Ratio of 0.88. This is a bad value and indicates that GTY is not financially healthy enough and could expect problems in meeting its short term obligations.
GTY has a Quick ratio (0.88) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
GTY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.42%.
The Earnings Per Share has been growing slightly by 1.15% on average over the past years.
The Revenue has been growing slightly by 7.79% in the past year.
Measured over the past years, GTY shows a small growth in Revenue. The Revenue has been growing by 7.65% on average per year.
EPS 1Y (TTM)3.42%
EPS 3Y-2.51%
EPS 5Y1.15%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)7.79%
Revenue growth 3Y9.39%
Revenue growth 5Y7.65%
Sales Q2Q%6.86%
3.2 Future
The Earnings Per Share is expected to grow by 5.86% on average over the next years.
The Revenue is expected to grow by 6.91% on average over the next years.
EPS Next Y-0.34%
EPS Next 2Y3.77%
EPS Next 3Y5.86%
EPS Next 5YN/A
Revenue Next Year7.5%
Revenue Next 2Y7.36%
Revenue Next 3Y6.91%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.10, which indicates a rather expensive current valuation of GTY.
GTY's Price/Earnings ratio is a bit cheaper when compared to the industry. GTY is cheaper than 78.46% of the companies in the same industry.
GTY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.45.
GTY is valuated rather expensively with a Price/Forward Earnings ratio of 20.60.
GTY's Price/Forward Earnings ratio is rather cheap when compared to the industry. GTY is cheaper than 90.77% of the companies in the same industry.
GTY's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.1 | ||
| Fwd PE | 20.6 |
4.2 Price Multiples
GTY's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.63 |
4.3 Compensation for Growth
GTY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)20.09
EPS Next 2Y3.77%
EPS Next 3Y5.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.72%, GTY is a good candidate for dividend investing.
GTY's Dividend Yield is a higher than the industry average which is at 6.64.
GTY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.72% |
5.2 History
The dividend of GTY has a limited annual growth rate of 5.87%.
GTY has paid a dividend for at least 10 years, which is a reliable track record.
GTY has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.87%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
GTY pays out 153.53% of its income as dividend. This is not a sustainable payout ratio.
GTY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP153.53%
EPS Next 2Y3.77%
EPS Next 3Y5.86%
27.95
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners89.72%
Inst Owner Change2.57%
Ins Owners7.59%
Ins Owner Change3.73%
Market Cap1.55B
Analysts73.33
Price Target32.64 (16.78%)
Short Float %7.87%
Short Ratio11.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.72% |
Yearly Dividend1.84
Dividend Growth(5Y)5.87%
DP153.53%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.59%
Min EPS beat(2)-17.49%
Max EPS beat(2)20.67%
EPS beat(4)1
Avg EPS beat(4)-2.54%
Min EPS beat(4)-17.49%
Max EPS beat(4)20.67%
EPS beat(8)2
Avg EPS beat(8)-2.93%
EPS beat(12)4
Avg EPS beat(12)17.93%
EPS beat(16)6
Avg EPS beat(16)18.17%
Revenue beat(2)1
Avg Revenue beat(2)0.65%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)3.15%
Revenue beat(4)3
Avg Revenue beat(4)1.32%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)3.15%
Revenue beat(8)6
Avg Revenue beat(8)2.6%
Revenue beat(12)9
Avg Revenue beat(12)1.95%
Revenue beat(16)10
Avg Revenue beat(16)1.19%
PT rev (1m)-2.54%
PT rev (3m)-5.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.05%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.62%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)-2.15%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-2.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.1 | ||
| Fwd PE | 20.6 | ||
| P/S | 7.49 | ||
| P/FCF | N/A | ||
| P/OCF | 11.99 | ||
| P/B | 1.61 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | 14.63 |
EPS(TTM)1.21
EY4.33%
EPS(NY)1.36
Fwd EY4.85%
FCF(TTM)-1.57
FCFYN/A
OCF(TTM)2.33
OCFY8.34%
SpS3.73
BVpS17.34
TBVpS17.34
PEG (NY)N/A
PEG (5Y)20.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 6.91% | ||
| ROCE | 5.77% | ||
| ROIC | 4.56% | ||
| ROICexc | 4.58% | ||
| ROICexgc | 4.58% | ||
| OM | 52.71% | ||
| PM (TTM) | 32.1% | ||
| GM | 93.3% | ||
| FCFM | N/A |
ROA(3y)4.09%
ROA(5y)4.3%
ROE(3y)8.25%
ROE(5y)8.66%
ROIC(3y)4.76%
ROIC(5y)4.65%
ROICexc(3y)4.78%
ROICexc(5y)4.72%
ROICexgc(3y)4.78%
ROICexgc(5y)4.72%
ROCE(3y)6.02%
ROCE(5y)5.88%
ROICexcg growth 3Y1.55%
ROICexcg growth 5Y-2.13%
ROICexc growth 3Y1.55%
ROICexc growth 5Y-2.13%
OM growth 3Y3.55%
OM growth 5Y1.34%
PM growth 3Y-5.21%
PM growth 5Y-0.56%
GM growth 3Y3.43%
GM growth 5Y3.36%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.41 | ||
| Cap/Depr | 370.31% | ||
| Cap/Sales | 104.55% | ||
| Interest Coverage | 2.84 | ||
| Cash Conversion | 77.22% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 1.11 |
F-Score6
WACC8.34%
ROIC/WACC0.55
Cap/Depr(3y)474.81%
Cap/Depr(5y)494.33%
Cap/Sales(3y)120.12%
Cap/Sales(5y)117.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.42%
EPS 3Y-2.51%
EPS 5Y1.15%
EPS Q2Q%-16.67%
EPS Next Y-0.34%
EPS Next 2Y3.77%
EPS Next 3Y5.86%
EPS Next 5YN/A
Revenue 1Y (TTM)7.79%
Revenue growth 3Y9.39%
Revenue growth 5Y7.65%
Sales Q2Q%6.86%
Revenue Next Year7.5%
Revenue Next 2Y7.36%
Revenue Next 3Y6.91%
Revenue Next 5YN/A
EBIT growth 1Y12.99%
EBIT growth 3Y13.27%
EBIT growth 5Y9.09%
EBIT Next Year63.64%
EBIT Next 3Y23.37%
EBIT Next 5YN/A
FCF growth 1Y-3.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y36.49%
OCF growth 3Y14.55%
OCF growth 5Y11.2%