GLADSTONE LAND CORP (LAND) Stock Fundamental Analysis
USA - NASDAQ:LAND - US3765491010 - REIT
9.06 USD
+0.09 (+1%)
9.06 USD
0 (0%)
LAND gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals 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 does not seem to be growing, but still is valued expensively. 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.
LAND had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of LAND (-1.27%) is worse than 73.33% of its industry peers.
Looking at the Return On Equity, with a value of -2.39%, 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 1.26%, LAND is doing worse than 76.67% 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 4.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.27% | ||
| ROE | -2.39% | ||
| ROIC | 1.26% |
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
Looking at the Operating Margin, with a value of 27.11%, LAND is in line with its industry, outperforming 50.00% of the companies in the same industry.
LAND's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 81.19%, LAND belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
In the last couple of years the Gross Margin of LAND has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.11% | ||
| PM (TTM) | N/A | ||
| GM | 81.19% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LAND is destroying value.
The number of shares outstanding for LAND has been increased compared to 1 year ago.
LAND has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, LAND has an improved debt to assets ratio.
2.2 Solvency
LAND has an Altman-Z score of 0.25. This is a bad value and indicates that LAND is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of LAND (0.25) is worse than 83.33% of its industry peers.
The Debt to FCF ratio of LAND is 49.97, which is on the high side as it means it would take LAND, 49.97 years of fcf income to pay off all of its debts.
LAND has a Debt to FCF ratio of 49.97. This is comparable to the rest of the industry: LAND outperforms 43.33% of its industry peers.
A Debt/Equity ratio of 0.83 indicates that LAND is somewhat dependend on debt financing.
The Debt to Equity ratio of LAND (0.83) is better than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 49.97 | ||
| Altman-Z | 0.25 |
ROIC/WACC0.19
WACC6.74%
2.3 Liquidity
A Current Ratio of 1.79 indicates that LAND should not have too much problems paying its short term obligations.
The Current ratio of LAND (1.79) is better than 86.67% of its industry peers.
A Quick Ratio of 1.79 indicates that LAND should not have too much problems paying its short term obligations.
LAND has a better Quick ratio (1.79) than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
LAND shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -150.29%.
Looking at the last year, LAND shows a very negative growth in Revenue. The Revenue has decreased by -18.72% 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)-150.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105.41%
Revenue 1Y (TTM)-18.72%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-42.26%
3.2 Future
LAND is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.00% yearly.
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
Based on the Enterprise Value to EBITDA ratio, LAND is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LAND is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.44 | ||
| EV/EBITDA | 15.82 |
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 6.24%, which is a nice return.
Compared to an average industry Dividend Yield of 5.98, LAND pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, LAND pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.24% |
5.2 History
On average, the dividend of LAND grows each year by 11.11%, which is quite nice.
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
LAND has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-276.17%
EPS Next 2Y-39.02%
EPS Next 3Y-23%
9.06
+0.09 (+1%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners45.28%
Inst Owner Change0.2%
Ins Owners6.97%
Ins Owner Change0%
Market Cap327.79M
Revenue(TTM)72.77M
Net Income(TTM)-16024000
Analysts76.92
Price Target10.71 (18.21%)
Short Float %6.58%
Short Ratio5.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.24% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-276.17%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)204.4%
Min EPS beat(2)-71.29%
Max EPS beat(2)480.09%
EPS beat(4)1
Avg EPS beat(4)83.86%
Min EPS beat(4)-71.29%
Max EPS beat(4)480.09%
EPS beat(8)3
Avg EPS beat(8)64.81%
EPS beat(12)4
Avg EPS beat(12)38.91%
EPS beat(16)6
Avg EPS beat(16)26.86%
Revenue beat(2)1
Avg Revenue beat(2)-11.41%
Min Revenue beat(2)-22.85%
Max Revenue beat(2)0.02%
Revenue beat(4)3
Avg Revenue beat(4)-4.81%
Min Revenue beat(4)-22.85%
Max Revenue beat(4)2.47%
Revenue beat(8)5
Avg Revenue beat(8)-2.84%
Revenue beat(12)6
Avg Revenue beat(12)-1.96%
Revenue beat(16)8
Avg Revenue beat(16)-0.99%
PT rev (1m)8.25%
PT rev (3m)-8.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-125.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-165.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-23.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.5 | ||
| P/FCF | 29.44 | ||
| P/OCF | 17.59 | ||
| P/B | 0.49 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | 15.82 |
EPS(TTM)-0.44
EYN/A
EPS(NY)-0.55
Fwd EYN/A
FCF(TTM)0.31
FCFY3.4%
OCF(TTM)0.51
OCFY5.68%
SpS2.01
BVpS18.52
TBVpS18.42
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.27% | ||
| ROE | -2.39% | ||
| ROCE | 1.59% | ||
| ROIC | 1.26% | ||
| ROICexc | 1.29% | ||
| ROICexgc | 1.33% | ||
| OM | 27.11% | ||
| PM (TTM) | N/A | ||
| GM | 81.19% | ||
| FCFM | 15.3% |
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-Score3
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 49.97 | ||
| Debt/EBITDA | 10.31 | ||
| Cap/Depr | 21.88% | ||
| Cap/Sales | 10.3% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 34.51% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.79 | ||
| Altman-Z | 0.25 |
F-Score3
WACC6.74%
ROIC/WACC0.19
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)-150.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105.41%
EPS Next Y-30.63%
EPS Next 2Y-39.02%
EPS Next 3Y-23%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.72%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-42.26%
Revenue Next Year-15.72%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.21%
Revenue Next 5Y6.7%
EBIT growth 1Y-40.9%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year92.85%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y273.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-60.37%
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 3 / 10 to LAND.
Can you provide the valuation status for GLADSTONE LAND CORP?
ChartMill assigns a valuation rating of 1 / 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 4 / 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 -276.17%.