9.09 USD
+0.2 (+2.25%)
9.09 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. LAND has a bad profitability rating. Also its financial health evaluation is rather negative. LAND does not seem to be growing, but still is valued expensively. 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.
LAND had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of LAND (-1.15%) is worse than 73.33% of its industry peers.
The Return On Equity of LAND (-2.14%) is worse than 63.33% of its industry peers.
The Return On Invested Capital of LAND (1.01%) is worse than 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 4.78%.
| 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
The Operating Margin of LAND (22.88%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of LAND has declined.
LAND has a Gross Margin of 79.97%. This is amongst the best in 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
LAND has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 0.22. This is a bad value and indicates that LAND is not financially healthy and even has some risk of bankruptcy.
LAND's Altman-Z score of 0.22 is on the low side compared to the rest of the industry. LAND is outperformed by 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.
LAND has a Debt/Equity ratio of 0.82. This is a neutral value indicating LAND is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.82, LAND is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 819.08 | ||
| Altman-Z | 0.22 |
ROIC/WACC0.15
WACC6.77%
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.
LAND has a Current ratio of 0.89. This is in the better half 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 -52.16%.
LAND shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -23.25%.
The Revenue has been growing by 15.93% on average over the past years. This is quite good.
EPS 1Y (TTM)-52.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%31.25%
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 -13.64% on average per year.
The Revenue is expected to grow by 6.70% on average over the next years.
EPS Next Y80.91%
EPS Next 2Y-20.64%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue Next Year-6.12%
Revenue Next 2Y-0.55%
Revenue Next 3Y0.17%
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 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 513.31 | ||
| EV/EBITDA | 17.42 |
4.3 Compensation for Growth
A cheap valuation may be justified as LAND's earnings are expected to decrease with -13.64% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-20.64%
EPS Next 3Y-13.64%
5. Dividend
5.1 Amount
LAND has a Yearly Dividend Yield of 6.31%, which is a nice return.
Compared to an average industry Dividend Yield of 5.73, LAND pays a bit more dividend than its industry peers.
LAND's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.31% |
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 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-20.64%
EPS Next 3Y-13.64%
9.09
+0.2 (+2.25%)
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 Cap338.78M
Revenue(TTM)67.98M
Net Income(TTM)-14.15M
Analysts73.85
Price Target11.05 (21.56%)
Short Float %5.44%
Short Ratio4.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.31% |
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)-5.99%
Min EPS beat(2)-71.29%
Max EPS beat(2)59.3%
EPS beat(4)2
Avg EPS beat(4)111.39%
Min EPS beat(4)-71.29%
Max EPS beat(4)480.09%
EPS beat(8)3
Avg EPS beat(8)70.23%
EPS beat(12)5
Avg EPS beat(12)48.01%
EPS beat(16)6
Avg EPS beat(16)29.03%
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)0.77%
PT rev (3m)11.68%
EPS NQ rev (1m)3.71%
EPS NQ rev (3m)522.23%
EPS NY rev (1m)85.39%
EPS NY rev (3m)85.39%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)20.15%
Revenue NY rev (1m)11.39%
Revenue NY rev (3m)11.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.98 | ||
| P/FCF | 513.31 | ||
| P/OCF | 42.55 | ||
| P/B | 0.51 | ||
| P/tB | 0.51 | ||
| EV/EBITDA | 17.42 |
EPS(TTM)-0.39
EYN/A
EPS(NY)-0.41
Fwd EYN/A
FCF(TTM)0.02
FCFY0.19%
OCF(TTM)0.21
OCFY2.35%
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 | 0.22 |
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)-52.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%31.25%
EPS Next Y80.91%
EPS Next 2Y-20.64%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-23.25%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-21.2%
Revenue Next Year-6.12%
Revenue Next 2Y-0.55%
Revenue Next 3Y0.17%
Revenue Next 5Y6.7%
EBIT growth 1Y-52.78%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year100.14%
EBIT Next 3Y31.82%
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%.