GLADSTONE LAND CORP (LAND) Stock Fundamental Analysis
USA - NASDAQ:LAND - US3765491010 - REIT
9.99 USD
+0.17 (+1.73%)
9.99 USD
0 (0%)
LAND gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. LAND has a bad profitability rating. Also its financial health evaluation is rather negative. LAND is valued expensive and it does not seem to be growing. Finally LAND also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year LAND has reported negative net income.
In the past year LAND had a positive cash flow from operations.
In the past 5 years LAND always reported negative net income.
Each year in the past 5 years LAND had a positive operating cash flow.
1.2 Ratios
LAND has a worse Return On Assets (-1.15%) than 73.33% of its industry peers.
LAND has a worse Return On Equity (-2.14%) than 63.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.01%, LAND is doing worse than 76.67% of the companies in the same industry.
LAND had an Average Return On Invested Capital over the past 3 years of 1.93%. This is below the industry average of 4.78%.
| 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.
LAND's Operating Margin has declined in the last couple of years.
LAND's Gross Margin of 79.97% is amongst the best of the industry. LAND outperforms 83.33% of its industry peers.
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 | 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.
LAND has more shares outstanding than it did 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 0.25. This is a bad value and indicates that LAND is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.25, LAND is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
LAND has a debt to FCF ratio of 819.08. This is a negative value and a sign of low solvency as LAND would need 819.08 years to pay back of all of its debts.
LAND has a Debt to FCF ratio of 819.08. This is in the lower half of the industry: LAND underperforms 63.33% of its industry peers.
LAND has a Debt/Equity ratio of 0.82. This is a neutral value indicating LAND is somewhat dependend on debt financing.
LAND's Debt to Equity ratio of 0.82 is fine compared to the rest 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 | 0.25 |
ROIC/WACC0.15
WACC6.77%
2.3 Liquidity
A Current Ratio of 0.89 indicates that LAND may have some problems paying its short term obligations.
LAND's Current ratio of 0.89 is fine compared to the rest of the industry. LAND outperforms 66.67% of its industry peers.
A Quick Ratio of 0.89 indicates that LAND may have some problems paying its short term obligations.
With a decent Quick ratio value of 0.89, LAND is doing good in 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
LAND shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -51.37%.
The Revenue for LAND has decreased by -23.25% in the past year. This is quite bad
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)-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.
Based on estimates for the next years, LAND will show a small growth in Revenue. The Revenue will grow by 6.70% on average per year.
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
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for LAND. In the last year negative earnings were reported.
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
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LAND is on the same level as its industry peers.
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 | 547.63 | ||
| EV/EBITDA | 18.03 |
4.3 Compensation for Growth
LAND's earnings are expected to decrease with -23.00% in the coming years. This may justify a cheaper valuation.
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 7.52%, which is a nice return.
LAND's Dividend Yield is rather good when compared to the industry average which is at 6.24. LAND pays more dividend than 83.33% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, LAND pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.52% |
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
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%
9.99
+0.17 (+1.73%)
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 Change-1.54%
Ins Owners6.97%
Ins Owner Change0%
Market Cap361.44M
Revenue(TTM)67.98M
Net Income(TTM)-14.15M
Analysts76.92
Price Target10.71 (7.21%)
Short Float %6.58%
Short Ratio5.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.52% |
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)0%
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 | 5.32 | ||
| P/FCF | 547.63 | ||
| P/OCF | 45.4 | ||
| P/B | 0.55 | ||
| P/tB | 0.55 | ||
| EV/EBITDA | 18.03 |
EPS(TTM)-0.39
EYN/A
EPS(NY)-0.55
Fwd EYN/A
FCF(TTM)0.02
FCFY0.18%
OCF(TTM)0.22
OCFY2.2%
SpS1.88
BVpS18.29
TBVpS18.19
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 | 0.25 |
F-Score4
WACC6.77%
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%.