GETTY REALTY CORP (GTY)
US3742971092 - REIT
Taking everything into account, GTY scores 5 out of 10 in our fundamental rating. GTY was compared to 131 industry peers in the Diversified REITs industry. While GTY belongs to the best of the industry regarding profitability, there are some minor 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
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
GTY has a better Return On Assets (3.86%) than 85.94% of its industry peers.
GTY has a Return On Equity of 7.42%. This is amongst the best in the industry. GTY outperforms 82.81% of its industry peers.
The Return On Invested Capital of GTY (4.45%) is better than 90.63% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GTY is in line with the industry average of 2.90%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.86% | ||
| ROE | 7.42% | ||
| ROIC | 4.45% |
ROA(3y)4.95%
ROA(5y)4.58%
ROE(3y)10.04%
ROE(5y)9.29%
ROIC(3y)4.85%
ROIC(5y)4.91%
1.3 Margins
With an excellent Profit Margin value of 37.89%, GTY belongs to the best of the industry, outperforming 89.06% of the companies in the same industry.
In the last couple of years the Profit Margin of GTY has grown nicely.
With an excellent Operating Margin value of 52.73%, GTY belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
GTY's Operating Margin has improved in the last couple of years.
GTY has a better Gross Margin (86.16%) than 88.28% of its industry peers.
In the last couple of years the Gross Margin of GTY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.73% | ||
| PM (TTM) | 37.89% | ||
| GM | 86.16% |
OM growth 3Y8.37%
OM growth 5Y4.23%
PM growth 3Y15.32%
PM growth 5Y6.49%
GM growth 3Y3.55%
GM growth 5Y1.99%
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.
GTY has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, GTY has more shares outstanding
Compared to 1 year ago, GTY has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.41, we must say that GTY is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.41, GTY belongs to the best of the industry, outperforming 88.28% of the companies in the same industry.
GTY has a Debt/Equity ratio of 0.81. This is a neutral value indicating GTY is somewhat dependend on debt financing.
The Debt to Equity ratio of GTY (0.81) is better than 70.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.41 |
ROIC/WACC0.59
WACC7.6%
2.3 Liquidity
A Current Ratio of 2.16 indicates that GTY has no problem at all paying its short term obligations.
GTY's Current ratio of 2.16 is fine compared to the rest of the industry. GTY outperforms 78.13% of its industry peers.
GTY has a Quick Ratio of 2.12. This indicates that GTY is financially healthy and has no problem in meeting its short term obligations.
GTY has a better Quick ratio (2.12) than 78.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 2.12 |
3. Growth
3.1 Past
The earnings per share for GTY have decreased strongly by -15.48% in the last year.
GTY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.88% yearly.
The Revenue has grown by 11.98% in the past year. This is quite good.
Measured over the past years, GTY shows a small growth in Revenue. The Revenue has been growing by 6.62% on average per year.
EPS 1Y (TTM)-15.48%
EPS 3Y16.26%
EPS 5Y7.88%
EPS growth Q2Q14.81%
Revenue 1Y (TTM)11.98%
Revenue growth 3Y5.58%
Revenue growth 5Y6.62%
Revenue growth Q2Q20.24%
3.2 Future
Based on estimates for the next years, GTY will show a very negative growth in Earnings Per Share. The EPS will decrease by -10.22% on average per year.
The Revenue is expected to grow by 8.75% on average over the next years. This is quite good.
EPS Next Y-35.19%
EPS Next 2Y-16.53%
EPS Next 3Y-10.22%
EPS Next 5YN/A
Revenue Next Year8.78%
Revenue Next 2Y8.78%
Revenue Next 3Y8.75%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.54, GTY is valued on the expensive side.
Based on the Price/Earnings ratio, GTY is valued a bit cheaper than 75.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of GTY to the average of the S&P500 Index (24.81), we can say GTY is valued inline with the index average.
The Price/Forward Earnings ratio is 23.48, which indicates a rather expensive current valuation of GTY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GTY indicates a rather cheap valuation: GTY is cheaper than 83.59% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 19.91, GTY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.54 | ||
| Fwd PE | 23.48 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GTY indicates a slightly more expensive valuation: GTY is more expensive than 67.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.97 |
4.3 Compensation for Growth
GTY has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as GTY's earnings are expected to decrease with -10.22% in the coming years.
PEG (NY)N/A
PEG (5Y)2.74
EPS Next 2Y-16.53%
EPS Next 3Y-10.22%
5. Dividend
5.1 Amount
GTY has a Yearly Dividend Yield of 6.12%, which is a nice return.
GTY's Dividend Yield is comparable with the industry average which is at 6.40.
Compared to an average S&P500 Dividend Yield of 2.59, GTY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.12% |
5.2 History
The dividend of GTY is nicely growing with an annual growth rate of 9.58%!
GTY has been paying a dividend for at least 10 years, so it has a reliable track record.
GTY has decreased its dividend recently.
Dividend Growth(5Y)9.58%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
GTY pays out 121.35% of its income as dividend. This is not a sustainable payout ratio.
GTY's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP121.35%
EPS Next 2Y-16.53%
EPS Next 3Y-10.22%
GETTY REALTY CORP
NYSE:GTY (12/6/2023, 10:41:13 AM)
30.59
+0.07 (+0.23%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.61B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.12% |
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
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)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
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 | 21.54 | ||
| Fwd PE | 23.48 | ||
| 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)N/A
PEG (5Y)2.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.86% | ||
| ROE | 7.42% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 52.73% | ||
| PM (TTM) | 37.89% | ||
| GM | 86.16% | ||
| 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 Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.16 | ||
| Quick Ratio | 2.12 | ||
| 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)-15.48%
EPS 3Y16.26%
EPS 5Y
EPS growth Q2Q
EPS Next Y-35.19%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)11.98%
Revenue growth 3Y5.58%
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