GETTY REALTY CORP (GTY) Stock Fundamental Analysis
NYSE:GTY - New York Stock Exchange, Inc. - US3742971092 - REIT - Currency: USD
Overall GTY gets a fundamental rating of 5 out of 10. We evaluated GTY against 130 industry peers in the Diversified REITs industry. GTY scores excellent on profitability, 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.
Each year in the past 5 years GTY has been profitable.
GTY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GTY has a better Return On Assets (3.15%) than 76.92% of its industry peers.
GTY has a better Return On Equity (6.47%) than 75.38% of its industry peers.
With an excellent Return On Invested Capital value of 4.35%, GTY belongs to the best of the industry, outperforming 83.08% 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 3.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.15% | ||
| ROE | 6.47% | ||
| ROIC | 4.35% |
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
With an excellent Profit Margin value of 30.25%, GTY belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
In the last couple of years the Profit Margin of GTY has remained more or less at the same level.
GTY has a Operating Margin of 50.55%. This is amongst the best in the industry. GTY outperforms 91.54% 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 91.52%, GTY belongs to the top of the industry, outperforming 94.62% of the companies in the same industry.
GTY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.55% | ||
| PM (TTM) | 30.25% | ||
| GM | 91.52% |
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
GTY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for GTY has been increased compared to 1 year ago.
The number of shares outstanding for GTY has been increased compared to 5 years ago.
GTY has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.09, we must say that GTY is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of GTY (1.09) is better than 78.46% of its industry peers.
A Debt/Equity ratio of 0.94 indicates that GTY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.94, GTY is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.09 |
ROIC/WACC0.61
WACC7.14%
2.3 Liquidity
A Current Ratio of 0.86 indicates that GTY may have some problems paying its short term obligations.
GTY has a Current ratio of 0.86. This is comparable to the rest of the industry: GTY outperforms 45.38% of its industry peers.
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 has a Quick ratio (0.86) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
GTY shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.96%.
Measured over the past 5 years, GTY shows a small growth in Earnings Per Share. The EPS has been growing by 1.15% on average per year.
GTY shows a small growth in Revenue. In the last year, the Revenue has grown by 6.61%.
GTY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.65% yearly.
EPS 1Y (TTM)-4.96%
EPS 3Y-2.51%
EPS 5Y1.15%
EPS Q2Q%-20%
Revenue 1Y (TTM)6.61%
Revenue growth 3Y9.39%
Revenue growth 5Y7.65%
Sales Q2Q%6.65%
3.2 Future
GTY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.55% yearly.
GTY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.47% yearly.
EPS Next Y-4.88%
EPS Next 2Y1.42%
EPS Next 3Y3.55%
EPS Next 5YN/A
Revenue Next Year7.49%
Revenue Next 2Y7.26%
Revenue Next 3Y6.47%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 24.51, 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 74.62% of the companies in the same industry.
When comparing the Price/Earnings ratio of GTY to the average of the S&P500 Index (26.87), we can say GTY is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 21.75, the valuation of GTY can be described as rather expensive.
GTY's Price/Forward Earnings ratio is rather cheap when compared to the industry. GTY is cheaper than 90.00% of the companies in the same industry.
GTY is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 35.34, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.51 | ||
| Fwd PE | 21.75 |
4.2 Price Multiples
GTY's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.09 |
4.3 Compensation for Growth
GTY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)21.32
EPS Next 2Y1.42%
EPS Next 3Y3.55%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.62%, GTY is a good candidate for dividend investing.
GTY's Dividend Yield is a higher than the industry average which is at 6.35.
GTY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.62% |
5.2 History
The dividend of GTY has a limited annual growth rate of 5.87%.
GTY has been paying a dividend for at least 10 years, so it has 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
163.35% of the earnings are spent on dividend by GTY. This is not a sustainable payout ratio.
The dividend of GTY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP163.35%
EPS Next 2Y1.42%
EPS Next 3Y3.55%
28.19
+0.1 (+0.36%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners88.17%
Inst Owner Change-1.3%
Ins Owners7.44%
Ins Owner Change3.73%
Market Cap1.60B
Analysts73.33
Price Target32.47 (15.18%)
Short Float %5.58%
Short Ratio7.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.62% |
Yearly Dividend1.84
Dividend Growth(5Y)5.87%
DP163.35%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.7%
Min EPS beat(2)-19.9%
Max EPS beat(2)-17.49%
EPS beat(4)1
Avg EPS beat(4)-7.27%
Min EPS beat(4)-19.9%
Max EPS beat(4)20.67%
EPS beat(8)2
Avg EPS beat(8)-3.65%
EPS beat(12)3
Avg EPS beat(12)4.29%
EPS beat(16)6
Avg EPS beat(16)17.3%
Revenue beat(2)1
Avg Revenue beat(2)-0.33%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)1.19%
Revenue beat(4)3
Avg Revenue beat(4)1.28%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)3.15%
Revenue beat(8)6
Avg Revenue beat(8)2.63%
Revenue beat(12)9
Avg Revenue beat(12)2.03%
Revenue beat(16)11
Avg Revenue beat(16)1.28%
PT rev (1m)-0.52%
PT rev (3m)-3.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.05%
Revenue NQ rev (1m)0.63%
Revenue NQ rev (3m)-2.3%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)-0.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.51 | ||
| Fwd PE | 21.75 | ||
| P/S | 7.59 | ||
| P/FCF | N/A | ||
| P/OCF | 11.88 | ||
| P/B | 1.62 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 15.09 |
EPS(TTM)1.15
EY4.08%
EPS(NY)1.3
Fwd EY4.6%
FCF(TTM)-1.64
FCFYN/A
OCF(TTM)2.37
OCFY8.41%
SpS3.71
BVpS17.36
TBVpS17.36
PEG (NY)N/A
PEG (5Y)21.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.15% | ||
| ROE | 6.47% | ||
| ROCE | 5.51% | ||
| ROIC | 4.35% | ||
| ROICexc | 4.37% | ||
| ROICexgc | 4.37% | ||
| OM | 50.55% | ||
| PM (TTM) | 30.25% | ||
| GM | 91.52% | ||
| 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-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.56 | ||
| Cap/Depr | 379.35% | ||
| Cap/Sales | 108.2% | ||
| Interest Coverage | 2.66 | ||
| Cash Conversion | 80.81% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 1.09 |
F-Score5
WACC7.14%
ROIC/WACC0.61
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)-4.96%
EPS 3Y-2.51%
EPS 5Y1.15%
EPS Q2Q%-20%
EPS Next Y-4.88%
EPS Next 2Y1.42%
EPS Next 3Y3.55%
EPS Next 5YN/A
Revenue 1Y (TTM)6.61%
Revenue growth 3Y9.39%
Revenue growth 5Y7.65%
Sales Q2Q%6.65%
Revenue Next Year7.49%
Revenue Next 2Y7.26%
Revenue Next 3Y6.47%
Revenue Next 5YN/A
EBIT growth 1Y5.95%
EBIT growth 3Y13.27%
EBIT growth 5Y9.09%
EBIT Next Year63.04%
EBIT Next 3Y23.27%
EBIT Next 5YN/A
FCF growth 1Y-59.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y36.68%
OCF growth 3Y14.55%
OCF growth 5Y11.2%