GLADSTONE LAND CORP - LAND 5 01/31/26 (LANDM) Stock Fundamental Analysis
NASDAQ:LANDM - Nasdaq - US3765495078 - Currency: USD
We assign a fundamental rating of 3 out of 10 to LANDM. LANDM was compared to 30 industry peers in the Specialized REITs industry. While LANDM seems to be doing ok healthwise, there are quite some concerns on its profitability. LANDM does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year LANDM has reported negative net income.
LANDM had a positive operating cash flow in the past year.
In the past 5 years LANDM always reported negative net income.
LANDM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LANDM's Return On Assets of -0.69% is on the low side compared to the rest of the industry. LANDM is outperformed by 83.33% of its industry peers.
LANDM has a Return On Equity of -1.28%. This is in the lower half of the industry: LANDM underperforms 73.33% of its industry peers.
LANDM has a Return On Invested Capital of 1.74%. This is amonst the worse of the industry: LANDM underperforms 83.33% of its industry peers.
LANDM had an Average Return On Invested Capital over the past 3 years of 1.93%. This 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
The Operating Margin of LANDM (34.03%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of LANDM has declined.
The Gross Margin of LANDM (83.18%) is better than 76.67% of its industry peers.
LANDM'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
LANDM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
LANDM has more shares outstanding than it did 1 year ago.
The number of shares outstanding for LANDM has been increased compared to 5 years ago.
LANDM has a better debt/assets ratio than last year.
2.2 Solvency
LANDM has an Altman-Z score of 0.88. This is a bad value and indicates that LANDM is not financially healthy and even has some risk of bankruptcy.
LANDM's Altman-Z score of 0.88 is in line compared to the rest of the industry. LANDM outperforms 46.67% of its industry peers.
The Debt to FCF ratio of LANDM is 22.28, which is on the high side as it means it would take LANDM, 22.28 years of fcf income to pay off all of its debts.
LANDM's Debt to FCF ratio of 22.28 is on the low side compared to the rest of the industry. LANDM is outperformed by 63.33% of its industry peers.
LANDM has a Debt/Equity ratio of 0.81. This is a neutral value indicating LANDM is somewhat dependend on debt financing.
LANDM's Debt to Equity ratio of 0.81 is fine compared to the rest of the industry. LANDM outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 22.28 | ||
| Altman-Z | 0.88 |
ROIC/WACC0.24
WACC7.3%
2.3 Liquidity
A Current Ratio of 2.25 indicates that LANDM has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.25, LANDM is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
A Quick Ratio of 2.25 indicates that LANDM has no problem at all paying its short term obligations.
LANDM has a Quick ratio of 2.25. This is in the better half of the industry: LANDM outperforms 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.25 | ||
| Quick Ratio | 2.25 |
3. Growth
3.1 Past
The earnings per share for LANDM have decreased strongly by -505.00% in the last year.
Looking at the last year, LANDM shows a decrease in Revenue. The Revenue has decreased by -8.58% in the last year.
LANDM 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
LANDM is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.64% yearly.
The Revenue is expected to grow by 6.70% on average over the next years.
EPS Next Y50.79%
EPS Next 2Y-32.43%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue Next Year-6.23%
Revenue Next 2Y0.62%
Revenue Next 3Y1.08%
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 LANDM. In the last year negative earnings were reported.
Also next year LANDM 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, LANDM is valued a bit more expensive than 76.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, LANDM is valued a bit more expensive than the industry average as 63.33% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.59 | ||
| EV/EBITDA | 22.53 |
4.3 Compensation for Growth
A cheap valuation may be justified as LANDM's earnings are expected to decrease with -13.64% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-32.43%
EPS Next 3Y-13.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.55%, LANDM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.88, LANDM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, LANDM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
5.2 History
On average, the dividend of LANDM grows each year by 11.11%, which is quite nice.
LANDM has been paying a dividend for over 5 years, so it has already some track record.
LANDM has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)11.11%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
The earnings of LANDM are negative and hence is the payout ratio. LANDM will probably not be able to sustain this dividend level.
DP-503.5%
EPS Next 2Y-32.43%
EPS Next 3Y-13.64%
GLADSTONE LAND CORP - LAND 5 01/31/26
NASDAQ:LANDM (6/20/2025, 8:00:02 PM)
24.67
-0.07 (-0.3%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners46.06%
Inst Owner ChangeN/A
Ins Owners6.97%
Ins Owner ChangeN/A
Market Cap892.56M
Analysts76.92
Price Target28.56 (15.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-503.5%
Div Incr Years0
Div Non Decr Years3
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)-14.23%
PT rev (3m)0.55%
EPS NQ rev (1m)-12.5%
EPS NQ rev (3m)-23.11%
EPS NY rev (1m)42.11%
EPS NY rev (3m)67.65%
Revenue NQ rev (1m)0.55%
Revenue NQ rev (3m)-8.9%
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-2.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 10.92 | ||
| P/FCF | 35.59 | ||
| P/OCF | 29.17 | ||
| P/B | 1.29 | ||
| P/tB | 1.3 | ||
| EV/EBITDA | 22.53 |
EPS(TTM)-0.24
EYN/A
EPS(NY)-0.5
Fwd EYN/A
FCF(TTM)0.69
FCFY2.81%
OCF(TTM)0.85
OCFY3.43%
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 | 0.88 |
F-Score4
WACC7.3%
ROIC/WACC0.24
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 Y50.79%
EPS Next 2Y-32.43%
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-6.23%
Revenue Next 2Y0.62%
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%