GLADSTONE LAND CORP (LAND) Stock Fundamental Analysis
NASDAQ:LAND - Nasdaq - US3765491010 - REIT - Currency: USD
Overall LAND gets a fundamental rating of 3 out of 10. We evaluated LAND against 30 industry peers in the Specialized REITs industry. The financial health of LAND is average, but there are quite some concerns on its profitability. LAND has a expensive valuation and it also scores bad on growth. Finally LAND also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
LAND had negative earnings in the past year.
In the past year LAND had a positive cash flow from operations.
In the past 5 years LAND always reported negative net income.
In the past 5 years LAND always reported a positive cash flow from operatings.
1.2 Ratios
LAND's Return On Assets of -0.69% is on the low side compared to the rest of the industry. LAND is outperformed by 73.33% of its industry peers.
Looking at the Return On Equity, with a value of -1.28%, LAND is doing worse than 63.33% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.74%, LAND is doing worse than 73.33% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for LAND is below the industry average of 5.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.69% | ||
| ROE | -1.28% | ||
| ROIC | 1.74% |
ROA(3y)-0.85%
ROA(5y)-0.72%
ROE(3y)-1.65%
ROE(5y)-1.52%
ROIC(3y)1.93%
ROIC(5y)1.95%
1.3 Margins
LAND has a Operating Margin (34.03%) which is comparable to the rest of the industry.
LAND's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 83.18%, LAND belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
LAND's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.03% | ||
| PM (TTM) | N/A | ||
| GM | 83.18% |
OM growth 3Y-4.35%
OM growth 5Y-4.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.65%
GM growth 5Y-0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LAND is destroying value.
LAND has more shares outstanding than it did 1 year ago.
The number of shares outstanding for LAND has been increased compared to 5 years ago.
The debt/assets ratio for LAND has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.33, we must say that LAND is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of LAND (0.33) is worse than 80.00% of its industry peers.
The Debt to FCF ratio of LAND is 22.28, which is on the high side as it means it would take LAND, 22.28 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 22.28, LAND perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
A Debt/Equity ratio of 0.81 indicates that LAND is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.81, LAND is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 22.28 | ||
| Altman-Z | 0.33 |
ROIC/WACC0.22
WACC7.83%
2.3 Liquidity
LAND has a Current Ratio of 2.25. This indicates that LAND is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.25, LAND belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
LAND has a Quick Ratio of 2.25. This indicates that LAND is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of LAND (2.25) is better than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.25 | ||
| Quick Ratio | 2.25 |
3. Growth
3.1 Past
LAND shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -505.00%.
Looking at the last year, LAND shows a decrease in Revenue. The Revenue has decreased by -8.58% in the last year.
LAND shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.93% yearly.
EPS 1Y (TTM)-505%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)-8.58%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-17.03%
3.2 Future
The Earnings Per Share is expected to decrease by -13.64% on average over the next years. This is quite bad
The Revenue is expected to grow by 6.70% on average over the next years.
EPS Next Y15%
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue Next Year-5.57%
Revenue Next 2Y-0.18%
Revenue Next 3Y1.08%
Revenue Next 5Y6.7%
3.3 Evolution
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
LAND reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year LAND is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LAND is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, LAND is valued cheaply inside the industry as 93.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.07 | ||
| EV/EBITDA | 13.84 |
4.3 Compensation for Growth
LAND's earnings are expected to decrease with -13.64% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
5. Dividend
5.1 Amount
LAND has a Yearly Dividend Yield of 5.68%, which is a nice return.
LAND's Dividend Yield is a higher than the industry average which is at 5.59.
LAND's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
5.2 History
On average, the dividend of LAND grows each year by 11.11%, which is quite nice.
LAND has been paying a dividend for at least 10 years, so it has a reliable track record.
LAND has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.11%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
LAND has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-503.5%
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
NASDAQ:LAND (6/6/2025, 12:47:13 PM)
9.75
+0.1 (+1.04%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners48.43%
Inst Owner Change-5.13%
Ins Owners6.99%
Ins Owner Change0%
Market Cap352.75M
Analysts76.92
Price Target13.01 (33.44%)
Short Float %3.23%
Short Ratio3.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-503.5%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)228.77%
Min EPS beat(2)-22.55%
Max EPS beat(2)480.09%
EPS beat(4)1
Avg EPS beat(4)88.89%
Min EPS beat(4)-51.14%
Max EPS beat(4)480.09%
EPS beat(8)4
Avg EPS beat(8)90.85%
EPS beat(12)4
Avg EPS beat(12)44.73%
EPS beat(16)6
Avg EPS beat(16)26.67%
Revenue beat(2)2
Avg Revenue beat(2)0.58%
Min Revenue beat(2)0.02%
Max Revenue beat(2)1.13%
Revenue beat(4)4
Avg Revenue beat(4)1.83%
Min Revenue beat(4)0.02%
Max Revenue beat(4)3.68%
Revenue beat(8)5
Avg Revenue beat(8)-0.39%
Revenue beat(12)6
Avg Revenue beat(12)-0.35%
Revenue beat(16)8
Avg Revenue beat(16)0.34%
PT rev (1m)0%
PT rev (3m)-11.05%
EPS NQ rev (1m)-15.42%
EPS NQ rev (3m)-10.47%
EPS NY rev (1m)25.2%
EPS NY rev (3m)44.12%
Revenue NQ rev (1m)-9.52%
Revenue NQ rev (3m)-10.79%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)-9.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.31 | ||
| P/FCF | 14.07 | ||
| P/OCF | 11.53 | ||
| P/B | 0.51 | ||
| P/tB | 0.51 | ||
| EV/EBITDA | 13.84 |
EPS(TTM)-0.24
EYN/A
EPS(NY)-0.38
Fwd EYN/A
FCF(TTM)0.69
FCFY7.11%
OCF(TTM)0.85
OCFY8.67%
SpS2.26
BVpS19.07
TBVpS18.96
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.69% | ||
| ROE | -1.28% | ||
| ROCE | 2.2% | ||
| ROIC | 1.74% | ||
| ROICexc | 1.8% | ||
| ROICexgc | 1.93% | ||
| OM | 34.03% | ||
| PM (TTM) | N/A | ||
| GM | 83.18% | ||
| FCFM | 30.67% |
ROA(3y)-0.85%
ROA(5y)-0.72%
ROE(3y)-1.65%
ROE(5y)-1.52%
ROIC(3y)1.93%
ROIC(5y)1.95%
ROICexc(3y)1.98%
ROICexc(5y)1.98%
ROICexgc(3y)2.09%
ROICexgc(5y)2.07%
ROCE(3y)2.44%
ROCE(5y)2.47%
ROICexcg growth 3Y1.97%
ROICexcg growth 5Y1.31%
ROICexc growth 3Y0.88%
ROICexc growth 5Y0.2%
OM growth 3Y-4.35%
OM growth 5Y-4.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.65%
GM growth 5Y-0.26%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 22.28 | ||
| Debt/EBITDA | 8.94 | ||
| Cap/Depr | 15.9% | ||
| Cap/Sales | 6.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 48.94% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.25 | ||
| Quick Ratio | 2.25 | ||
| Altman-Z | 0.33 |
F-Score4
WACC7.83%
ROIC/WACC0.22
Cap/Depr(3y)93.88%
Cap/Depr(5y)598.97%
Cap/Sales(3y)37.45%
Cap/Sales(5y)195.81%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-505%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y15%
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.58%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-17.03%
Revenue Next Year-5.57%
Revenue Next 2Y-0.18%
Revenue Next 3Y1.08%
Revenue Next 5Y6.7%
EBIT growth 1Y-16.76%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year119.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y161.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-25.29%
OCF growth 3Y-3%
OCF growth 5Y6.7%