GLADSTONE LAND CORP - LAND 6 PERP (LANDP) Stock Fundamental Analysis
NASDAQ:LANDP - Nasdaq - US3765494089 - Currency: USD
Overall LANDP gets a fundamental rating of 3 out of 10. We evaluated LANDP against 30 industry peers in the Specialized REITs industry. The financial health of LANDP is average, but there are quite some concerns on its profitability. LANDP has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
LANDP had negative earnings in the past year.
LANDP had a positive operating cash flow in the past year.
LANDP had negative earnings in each of the past 5 years.
In the past 5 years LANDP always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.69%, LANDP is doing worse than 76.67% of the companies in the same industry.
The Return On Equity of LANDP (-1.28%) is worse than 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.74%, LANDP 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 LANDP 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
LANDP has a Operating Margin of 34.03%. This is comparable to the rest of the industry: LANDP outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of LANDP has declined.
With an excellent Gross Margin value of 83.18%, LANDP belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
LANDP'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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LANDP is destroying value.
The number of shares outstanding for LANDP has been increased compared to 1 year ago.
The number of shares outstanding for LANDP has been increased compared to 5 years ago.
Compared to 1 year ago, LANDP has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.68, we must say that LANDP is in the distress zone and has some risk of bankruptcy.
LANDP's Altman-Z score of 0.68 is on the low side compared to the rest of the industry. LANDP is outperformed by 66.67% of its industry peers.
LANDP has a debt to FCF ratio of 22.28. This is a negative value and a sign of low solvency as LANDP would need 22.28 years to pay back of all of its debts.
LANDP has a Debt to FCF ratio (22.28) which is in line with its industry peers.
LANDP has a Debt/Equity ratio of 0.81. This is a neutral value indicating LANDP is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.81, LANDP is doing good in the industry, outperforming 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 22.28 | ||
| Altman-Z | 0.68 |
ROIC/WACC0.24
WACC7.2%
2.3 Liquidity
LANDP has a Current Ratio of 2.25. This indicates that LANDP is financially healthy and has no problem in meeting its short term obligations.
LANDP's Current ratio of 2.25 is amongst the best of the industry. LANDP outperforms 83.33% of its industry peers.
A Quick Ratio of 2.25 indicates that LANDP has no problem at all paying its short term obligations.
LANDP has a better Quick ratio (2.25) than 83.33% 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 LANDP have decreased strongly by -505.00% in the last year.
LANDP shows a decrease in Revenue. In the last year, the revenue decreased by -8.58%.
Measured over the past years, LANDP shows a quite strong growth in Revenue. The Revenue has been growing by 15.93% on average per year.
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
The Earnings Per Share is expected to decrease by -13.64% on average over the next years. This is quite bad
Based on estimates for the next years, LANDP will show a small growth in Revenue. The Revenue will grow by 6.70% on average per year.
EPS Next Y15%
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue Next Year-5.57%
Revenue Next 2Y-0.18%
Revenue Next 3Y1.08%
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
LANDP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year LANDP 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 LANDP is on the same level as its industry peers.
LANDP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.93 | ||
| EV/EBITDA | 19.46 |
4.3 Compensation for Growth
LANDP's earnings are expected to decrease with -13.64% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
5. Dividend
5.1 Amount
LANDP has a Yearly Dividend Yield of 5.68%, which is a nice return.
Compared to an average industry Dividend Yield of 5.59, LANDP pays a bit more dividend than its industry peers.
LANDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
5.2 History
The dividend of LANDP is nicely growing with an annual growth rate of 11.11%!
LANDP has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)11.11%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
The earnings of LANDP are negative and hence is the payout ratio. LANDP will probably not be able to sustain this dividend level.
DP-503.5%
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
GLADSTONE LAND CORP - LAND 6 PERP
NASDAQ:LANDP (6/2/2025, 8:15:54 PM)
19.36
-0.05 (-0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners48.43%
Inst Owner ChangeN/A
Ins Owners6.99%
Ins Owner ChangeN/A
Market Cap700.44M
Analysts76.92
Price Target27.6 (42.56%)
Short Float %0.01%
Short Ratio0.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-503.5%
Div Incr Years1
Div Non Decr Years1
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)3.8%
PT rev (3m)-7.81%
EPS NQ rev (1m)-15.42%
EPS NQ rev (3m)4.53%
EPS NY rev (1m)25.2%
EPS NY rev (3m)44.12%
Revenue NQ rev (1m)-9.52%
Revenue NQ rev (3m)-15.13%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)-9.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 8.57 | ||
| P/FCF | 27.93 | ||
| P/OCF | 22.89 | ||
| P/B | 1.02 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 19.46 |
EPS(TTM)-0.24
EYN/A
EPS(NY)-0.38
Fwd EYN/A
FCF(TTM)0.69
FCFY3.58%
OCF(TTM)0.85
OCFY4.37%
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 | 0.68 |
F-Score4
WACC7.2%
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 Y15%
EPS Next 2Y-15.85%
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-5.57%
Revenue Next 2Y-0.18%
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%