GETTY REALTY CORP (GTY) Stock Fundamental Analysis
NYSE:GTY - New York Stock Exchange, Inc. - US3742971092 - REIT - Currency: USD
GTY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. While GTY has a great profitability rating, there are quite some concerns on its financial health. GTY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GTY was profitable.
GTY had a positive operating cash flow in the past year.
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
The Return On Assets of GTY (3.47%) is better than 82.95% of its industry peers.
Looking at the Return On Equity, with a value of 7.11%, GTY belongs to the top of the industry, outperforming 82.17% of the companies in the same industry.
With an excellent Return On Invested Capital value of 4.51%, GTY belongs to the best of the industry, outperforming 83.72% of the companies in the same industry.
GTY had an Average Return On Invested Capital over the past 3 years of 4.76%. This is in line with the industry average of 3.17%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.47% | ||
| ROE | 7.11% | ||
| ROIC | 4.51% |
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
The Profit Margin of GTY (33.65%) is better than 87.60% of its industry peers.
In the last couple of years the Profit Margin of GTY has remained more or less at the same level.
The Operating Margin of GTY (52.95%) is better than 93.80% of its industry peers.
GTY's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 92.41%, GTY belongs to the top of the industry, outperforming 93.80% of the companies in the same industry.
GTY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.95% | ||
| PM (TTM) | 33.65% | ||
| GM | 92.41% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GTY is destroying value.
GTY has more shares outstanding than it did 1 year ago.
The number of shares outstanding for GTY has been increased compared to 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 82.17% of its industry peers.
A Debt/Equity ratio of 0.94 indicates that GTY is somewhat dependend on debt financing.
GTY has a better Debt to Equity ratio (0.94) than 61.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.11 |
ROIC/WACC0.63
WACC7.1%
2.3 Liquidity
GTY has a Current Ratio of 0.86. This is a bad value and indicates that GTY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GTY (0.86) is comparable to the rest of the industry.
GTY has a Quick Ratio of 0.86. 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's Quick ratio of 0.86 is in line compared to the rest of the industry. GTY outperforms 48.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 32.48% over the past year.
GTY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.15% yearly.
Looking at the last year, GTY shows a quite strong growth in Revenue. The Revenue has grown by 9.44% in the last year.
GTY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.65% yearly.
EPS 1Y (TTM)32.48%
EPS 3Y-2.51%
EPS 5Y1.15%
EPS Q2Q%96.67%
Revenue 1Y (TTM)9.44%
Revenue growth 3Y9.39%
Revenue growth 5Y7.65%
Sales Q2Q%5.6%
3.2 Future
The Earnings Per Share is expected to grow by 2.67% on average over the next years.
The Revenue is expected to grow by 7.18% on average over the next years.
EPS Next Y2.34%
EPS Next 2Y4.28%
EPS Next 3Y2.67%
EPS Next 5YN/A
Revenue Next Year10.35%
Revenue Next 2Y9.13%
Revenue Next 3Y7.18%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.23, the valuation of GTY can be described as rather expensive.
76.74% of the companies in the same industry are more expensive than GTY, based on the Price/Earnings ratio.
GTY is valuated rather cheaply when we compare the Price/Earnings ratio to 23.99, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 20.62, GTY is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GTY indicates a rather cheap valuation: GTY is cheaper than 88.37% of the companies listed in the same industry.
GTY's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.23 | ||
| Fwd PE | 20.62 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GTY.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.11 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GTY does not grow enough to justify the current Price/Earnings ratio.
GTY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)7.8
PEG (5Y)15.86
EPS Next 2Y4.28%
EPS Next 3Y2.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.68%, GTY is a good candidate for dividend investing.
GTY's Dividend Yield is comparable with the industry average which is at 6.67.
GTY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.68% |
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 its dividend in the last 3 years.
Dividend Growth(5Y)5.87%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
146.43% of the earnings are spent on dividend by GTY. This is not a sustainable payout ratio.
GTY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP146.43%
EPS Next 2Y4.28%
EPS Next 3Y2.67%
28.26
+0.07 (+0.25%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners89.58%
Inst Owner Change-0.28%
Ins Owners7.66%
Ins Owner Change1.24%
Market Cap1.57B
Analysts73.33
Price Target34 (20.31%)
Short Float %9.24%
Short Ratio11.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.68% |
Yearly Dividend1.84
Dividend Growth(5Y)5.87%
DP146.43%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.16%
Min EPS beat(2)-12.35%
Max EPS beat(2)20.67%
EPS beat(4)2
Avg EPS beat(4)3.35%
Min EPS beat(4)-12.35%
Max EPS beat(4)20.67%
EPS beat(8)2
Avg EPS beat(8)-0.87%
EPS beat(12)5
Avg EPS beat(12)23.43%
EPS beat(16)7
Avg EPS beat(16)21.55%
Revenue beat(2)2
Avg Revenue beat(2)2.89%
Min Revenue beat(2)2.62%
Max Revenue beat(2)3.15%
Revenue beat(4)4
Avg Revenue beat(4)3%
Min Revenue beat(4)1.36%
Max Revenue beat(4)4.87%
Revenue beat(8)6
Avg Revenue beat(8)2.73%
Revenue beat(12)9
Avg Revenue beat(12)1.79%
Revenue beat(16)10
Avg Revenue beat(16)1.3%
PT rev (1m)-1.38%
PT rev (3m)-1.38%
EPS NQ rev (1m)-9.09%
EPS NQ rev (3m)-9.09%
EPS NY rev (1m)-1.03%
EPS NY rev (3m)-1.42%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)1.21%
Revenue NY rev (1m)0.68%
Revenue NY rev (3m)1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.23 | ||
| Fwd PE | 20.62 | ||
| P/S | 7.7 | ||
| P/FCF | N/A | ||
| P/OCF | 12.01 | ||
| P/B | 1.63 | ||
| P/tB | 1.63 | ||
| EV/EBITDA | 15.11 |
EPS(TTM)1.55
EY5.48%
EPS(NY)1.37
Fwd EY4.85%
FCF(TTM)-2.91
FCFYN/A
OCF(TTM)2.35
OCFY8.33%
SpS3.67
BVpS17.35
TBVpS17.35
PEG (NY)7.8
PEG (5Y)15.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.47% | ||
| ROE | 7.11% | ||
| ROCE | 5.7% | ||
| ROIC | 4.51% | ||
| ROICexc | 4.53% | ||
| ROICexgc | 4.53% | ||
| OM | 52.95% | ||
| PM (TTM) | 33.65% | ||
| GM | 92.41% | ||
| 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 | 5.56 | ||
| Cap/Depr | 531.13% | ||
| Cap/Sales | 143.59% | ||
| Interest Coverage | 2.82 | ||
| Cash Conversion | 80.22% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 1.11 |
F-Score6
WACC7.1%
ROIC/WACC0.63
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)32.48%
EPS 3Y-2.51%
EPS 5Y1.15%
EPS Q2Q%96.67%
EPS Next Y2.34%
EPS Next 2Y4.28%
EPS Next 3Y2.67%
EPS Next 5YN/A
Revenue 1Y (TTM)9.44%
Revenue growth 3Y9.39%
Revenue growth 5Y7.65%
Sales Q2Q%5.6%
Revenue Next Year10.35%
Revenue Next 2Y9.13%
Revenue Next 3Y7.18%
Revenue Next 5YN/A
EBIT growth 1Y17.34%
EBIT growth 3Y13.27%
EBIT growth 5Y9.09%
EBIT Next Year67.12%
EBIT Next 3Y22.55%
EBIT Next 5YN/A
FCF growth 1Y-12.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y23.94%
OCF growth 3Y14.55%
OCF growth 5Y11.2%