GLADSTONE LAND CORP - LAND 6 PERP (LANDP) Stock Fundamental Analysis
NASDAQ:LANDP - Nasdaq - US3765494089 - Currency: USD
We assign a fundamental rating of 3 out of 10 to LANDP. LANDP was compared to 30 industry peers in the Specialized REITs industry. Both the profitability and financial health of LANDP have multiple concerns. LANDP is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
LANDP had negative earnings in the past year.
In the past year LANDP had a positive cash flow from operations.
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 -0.80%, LANDP is doing worse than 76.67% of the companies in the same industry.
LANDP's Return On Equity of -1.52% 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 Return On Invested Capital of 1.92%. This is in the lower half of the industry: LANDP underperforms 76.67% of its industry peers.
LANDP had an Average Return On Invested Capital over the past 3 years of 1.93%. This is below the industry average of 5.35%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.8% | ||
| ROE | -1.52% | ||
| ROIC | 1.92% |
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 36.83%, LANDP is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Operating Margin of LANDP has declined.
LANDP has a better Gross Margin (84.04%) than 83.33% of its industry peers.
LANDP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.83% | ||
| PM (TTM) | N/A | ||
| GM | 84.04% |
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 LANDP is destroying value.
The number of shares outstanding for LANDP has been increased compared to 1 year ago.
Compared to 5 years ago, LANDP has more shares outstanding
LANDP has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.66, we must say that LANDP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of LANDP (0.66) is worse than 66.67% of its industry peers.
LANDP has a debt to FCF ratio of 24.12. This is a negative value and a sign of low solvency as LANDP would need 24.12 years to pay back of all of its debts.
LANDP has a Debt to FCF ratio (24.12) which is in line with its industry peers.
LANDP has a Debt/Equity ratio of 0.85. This is a neutral value indicating LANDP is somewhat dependend on debt financing.
LANDP has a Debt to Equity ratio of 0.85. This is in the better half of the industry: LANDP outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 24.12 | ||
| Altman-Z | 0.66 |
ROIC/WACC0.27
WACC7.21%
2.3 Liquidity
A Current Ratio of 0.84 indicates that LANDP may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.84, LANDP is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
LANDP has a Quick Ratio of 0.84. This is a bad value and indicates that LANDP is not financially healthy enough and could expect problems in meeting its short term obligations.
LANDP's Quick ratio of 0.84 is fine compared to the rest of the industry. LANDP outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
LANDP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.56%.
Looking at the last year, LANDP shows a decrease in Revenue. The Revenue has decreased by -5.73% in the last year.
LANDP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.93% yearly.
EPS 1Y (TTM)-5.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25%
Revenue 1Y (TTM)-5.73%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-13.72%
3.2 Future
The Earnings Per Share is expected to grow by 7.68% on average over the next years.
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 Y-13.63%
EPS Next 2Y-7.43%
EPS Next 3Y7.68%
EPS Next 5YN/A
Revenue Next Year-4.92%
Revenue Next 2Y-0.83%
Revenue Next 3Y2.42%
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 LANDP. In the last year negative earnings were reported.
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
The rest of the industry has a similar Enterprise Value to EBITDA ratio as LANDP.
The rest of the industry has a similar Price/Free Cash Flow ratio as LANDP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.01 | ||
| EV/EBITDA | 19.57 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.43%
EPS Next 3Y7.68%
5. Dividend
5.1 Amount
LANDP has a Yearly Dividend Yield of 5.69%, which is a nice return.
Compared to an average industry Dividend Yield of 5.72, LANDP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, LANDP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.69% |
5.2 History
The dividend of LANDP is nicely growing with an annual growth rate of 11.11%!
LANDP has been paying a dividend for less than 5 years, so it still needs to build a track record.
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.
The dividend of LANDP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-424.13%
EPS Next 2Y-7.43%
EPS Next 3Y7.68%
GLADSTONE LAND CORP - LAND 6 PERP
NASDAQ:LANDP (5/2/2025, 8:06:22 PM)
20.2
+0.2 (+1%)
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 Cap730.84M
Analysts76.92
Price Target26.59 (31.63%)
Short Float %0.02%
Short Ratio0.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.69% |
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-424.13%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-36.69%
Min EPS beat(2)-50.83%
Max EPS beat(2)-22.55%
EPS beat(4)1
Avg EPS beat(4)43.68%
Min EPS beat(4)-51.14%
Max EPS beat(4)299.25%
EPS beat(8)3
Avg EPS beat(8)26.62%
EPS beat(12)3
Avg EPS beat(12)-0.46%
EPS beat(16)5
Avg EPS beat(16)-6.89%
Revenue beat(2)2
Avg Revenue beat(2)1.8%
Min Revenue beat(2)1.13%
Max Revenue beat(2)2.47%
Revenue beat(4)3
Avg Revenue beat(4)-0.93%
Min Revenue beat(4)-10.99%
Max Revenue beat(4)3.68%
Revenue beat(8)4
Avg Revenue beat(8)-0.99%
Revenue beat(12)5
Avg Revenue beat(12)-0.82%
Revenue beat(16)8
Avg Revenue beat(16)0.44%
PT rev (1m)9.52%
PT rev (3m)-11.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)65.79%
EPS NY rev (1m)0%
EPS NY rev (3m)25.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 8.58 | ||
| P/FCF | 30.01 | ||
| P/OCF | 24.73 | ||
| P/B | 1.06 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | 19.57 |
EPS(TTM)-0.29
EYN/A
EPS(NY)-0.32
Fwd EYN/A
FCF(TTM)0.67
FCFY3.33%
OCF(TTM)0.82
OCFY4.04%
SpS2.36
BVpS18.99
TBVpS18.88
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.8% | ||
| ROE | -1.52% | ||
| ROCE | 2.43% | ||
| ROIC | 1.92% | ||
| ROICexc | 1.95% | ||
| ROICexgc | 2.09% | ||
| OM | 36.83% | ||
| PM (TTM) | N/A | ||
| GM | 84.04% | ||
| FCFM | 28.58% |
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 | 0.85 | ||
| Debt/FCF | 24.12 | ||
| Debt/EBITDA | 8.84 | ||
| Cap/Depr | 14.83% | ||
| Cap/Sales | 6.1% | ||
| Interest Coverage | 1.29 | ||
| Cash Conversion | 44.47% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 0.66 |
F-Score4
WACC7.21%
ROIC/WACC0.27
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)-5.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25%
EPS Next Y-13.63%
EPS Next 2Y-7.43%
EPS Next 3Y7.68%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.73%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-13.72%
Revenue Next Year-4.92%
Revenue Next 2Y-0.83%
Revenue Next 3Y2.42%
Revenue Next 5Y6.7%
EBIT growth 1Y-6.69%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year122.25%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-10.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-26.28%
OCF growth 3Y-3%
OCF growth 5Y6.7%