9.13 USD
-0.09 (-0.98%)
9.13 USD
0 (0%)
Taking everything into account, LAND scores 2 out of 10 in our fundamental rating. LAND was compared to 30 industry peers in the Specialized REITs industry. Both the profitability and financial health of LAND have multiple concerns. LAND is valued expensive and it does not seem to be growing. 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.
LAND had negative earnings in each of the past 5 years.
LAND had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.15%, LAND is doing worse than 73.33% of the companies in the same industry.
The Return On Equity of LAND (-2.14%) is worse than 63.33% of its industry peers.
LAND's Return On Invested Capital of 1.01% is on the low side compared to the rest of the industry. LAND is outperformed by 76.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LAND is below the industry average of 4.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.15% | ||
| ROE | -2.14% | ||
| ROIC | 1.01% |
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's Operating Margin of 22.88% is in line compared to the rest of the industry. LAND outperforms 43.33% of its industry peers.
In the last couple of years the Operating Margin of LAND has declined.
With an excellent Gross Margin value of 79.97%, LAND belongs to the best of the industry, outperforming 83.33% 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 | 22.88% | ||
| PM (TTM) | N/A | ||
| GM | 79.97% |
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.
The number of shares outstanding for LAND has been increased compared to 1 year ago.
Compared to 5 years ago, LAND has more shares outstanding
LAND has a better debt/assets ratio than last year.
2.2 Solvency
LAND has an Altman-Z score of 0.23. This is a bad value and indicates that LAND is not financially healthy and even has some risk of bankruptcy.
LAND has a Altman-Z score of 0.23. This is amonst the worse of the industry: LAND underperforms 83.33% of its industry peers.
The Debt to FCF ratio of LAND is 819.08, which is on the high side as it means it would take LAND, 819.08 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 819.08, LAND is doing worse than 63.33% of the companies in the same industry.
A Debt/Equity ratio of 0.82 indicates that LAND is somewhat dependend on debt financing.
LAND has a Debt to Equity ratio of 0.82. This is in the better half of the industry: LAND outperforms 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 819.08 | ||
| Altman-Z | 0.23 |
ROIC/WACC0.15
WACC6.76%
2.3 Liquidity
LAND has a Current Ratio of 0.89. This is a bad value and indicates that LAND is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.89, LAND is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
A Quick Ratio of 0.89 indicates that LAND may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.89, LAND is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
The earnings per share for LAND have decreased strongly by -51.37% in the last year.
LAND shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -23.25%.
Measured over the past years, LAND shows a quite strong growth in Revenue. The Revenue has been growing by 15.93% on average per year.
EPS 1Y (TTM)-51.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%32.5%
Revenue 1Y (TTM)-23.25%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-21.2%
3.2 Future
Based on estimates for the next years, LAND will show a very negative growth in Earnings Per Share. The EPS will decrease by -23.00% on average per year.
LAND is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.70% yearly.
EPS Next Y-30.63%
EPS Next 2Y-39.02%
EPS Next 3Y-23%
EPS Next 5YN/A
Revenue Next Year-15.72%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.21%
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.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for LAND. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
LAND's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, LAND is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 515.57 | ||
| EV/EBITDA | 17.67 |
4.3 Compensation for Growth
A cheap valuation may be justified as LAND's earnings are expected to decrease with -23.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-39.02%
EPS Next 3Y-23%
5. Dividend
5.1 Amount
LAND has a Yearly Dividend Yield of 6.07%, which is a nice return.
Compared to an average industry Dividend Yield of 6.05, LAND pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, LAND pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.07% |
5.2 History
The dividend of LAND is nicely growing with an annual growth rate of 11.11%!
LAND has paid a dividend for at least 10 years, which is a reliable track record.
LAND has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.11%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
The earnings of LAND are negative and hence is the payout ratio. LAND will probably not be able to sustain this dividend level.
DP-312.9%
EPS Next 2Y-39.02%
EPS Next 3Y-23%
9.13
-0.09 (-0.98%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners45.43%
Inst Owner Change2.07%
Ins Owners6.77%
Ins Owner Change0%
Market Cap340.28M
Revenue(TTM)67.98M
Net Income(TTM)-14.15M
Analysts73.85
Price Target11.05 (21.03%)
Short Float %6.05%
Short Ratio5.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.07% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-312.9%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.62%
Min EPS beat(2)-71.29%
Max EPS beat(2)60.04%
EPS beat(4)2
Avg EPS beat(4)111.58%
Min EPS beat(4)-71.29%
Max EPS beat(4)480.09%
EPS beat(8)3
Avg EPS beat(8)70.32%
EPS beat(12)5
Avg EPS beat(12)48.07%
EPS beat(16)6
Avg EPS beat(16)29.08%
Revenue beat(2)1
Avg Revenue beat(2)-3.62%
Min Revenue beat(2)-22.85%
Max Revenue beat(2)15.61%
Revenue beat(4)3
Avg Revenue beat(4)-1.52%
Min Revenue beat(4)-22.85%
Max Revenue beat(4)15.61%
Revenue beat(8)5
Avg Revenue beat(8)-1.49%
Revenue beat(12)6
Avg Revenue beat(12)-1.34%
Revenue beat(16)8
Avg Revenue beat(16)-0.47%
PT rev (1m)2.38%
PT rev (3m)2.38%
EPS NQ rev (1m)500%
EPS NQ rev (3m)1000%
EPS NY rev (1m)0%
EPS NY rev (3m)-39.05%
Revenue NQ rev (1m)20.15%
Revenue NQ rev (3m)20.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 5.01 | ||
| P/FCF | 515.57 | ||
| P/OCF | 42.74 | ||
| P/B | 0.51 | ||
| P/tB | 0.52 | ||
| EV/EBITDA | 17.67 |
EPS(TTM)-0.39
EYN/A
EPS(NY)-0.55
Fwd EYN/A
FCF(TTM)0.02
FCFY0.19%
OCF(TTM)0.21
OCFY2.34%
SpS1.82
BVpS17.76
TBVpS17.66
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.15% | ||
| ROE | -2.14% | ||
| ROCE | 1.28% | ||
| ROIC | 1.01% | ||
| ROICexc | 1.02% | ||
| ROICexgc | 1.06% | ||
| OM | 22.88% | ||
| PM (TTM) | N/A | ||
| GM | 79.97% | ||
| FCFM | 0.97% |
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%
ROICexgc growth 3Y1.97%
ROICexgc 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 | 0.82 | ||
| Debt/FCF | 819.08 | ||
| Debt/EBITDA | 10.94 | ||
| Cap/Depr | 21.57% | ||
| Cap/Sales | 10.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 16.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 0.23 |
F-Score4
WACC6.76%
ROIC/WACC0.15
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)-51.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%32.5%
EPS Next Y-30.63%
EPS Next 2Y-39.02%
EPS Next 3Y-23%
EPS Next 5YN/A
Revenue 1Y (TTM)-23.25%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-21.2%
Revenue Next Year-15.72%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.21%
Revenue Next 5Y6.7%
EBIT growth 1Y-52.78%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year92.85%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-97.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-81.65%
OCF growth 3Y-3%
OCF growth 5Y6.7%
GLADSTONE LAND CORP / LAND FAQ
What is the fundamental rating for LAND stock?
ChartMill assigns a fundamental rating of 2 / 10 to LAND.
Can you provide the valuation status for GLADSTONE LAND CORP?
ChartMill assigns a valuation rating of 0 / 10 to GLADSTONE LAND CORP (LAND). This can be considered as Overvalued.
What is the profitability of LAND stock?
GLADSTONE LAND CORP (LAND) has a profitability rating of 2 / 10.
How financially healthy is GLADSTONE LAND CORP?
The financial health rating of GLADSTONE LAND CORP (LAND) is 2 / 10.
How sustainable is the dividend of GLADSTONE LAND CORP (LAND) stock?
The dividend rating of GLADSTONE LAND CORP (LAND) is 7 / 10 and the dividend payout ratio is -312.9%.