LTC PROPERTIES INC (LTC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LTC - US5021751020 - REIT
35 USD
+0.35 (+1.01%)
35.27 USD
+0.27 (+0.77%)
Taking everything into account, LTC scores 4 out of 10 in our fundamental rating. LTC was compared to 127 industry peers in the Diversified REITs industry. There are concerns on the financial health of LTC while its profitability can be described as average. LTC has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
LTC had positive earnings in the past year.
In the past year LTC had a positive cash flow from operations.
LTC had positive earnings in each of the past 5 years.
Each year in the past 5 years LTC had a positive operating cash flow.
1.2 Ratios
LTC has a Return On Assets (1.62%) which is comparable to the rest of the industry.
The Return On Equity of LTC (3.47%) is comparable to the rest of the industry.
The Return On Invested Capital of LTC (3.24%) is better than 62.20% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LTC is above the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 3.47% | ||
| ROIC | 3.24% |
ROA(3y)5.29%
ROA(5y)5.21%
ROE(3y)10.51%
ROE(5y)10.28%
ROIC(3y)5.29%
ROIC(5y)4.97%
1.3 Margins
LTC has a better Profit Margin (14.37%) than 61.42% of its industry peers.
In the last couple of years the Profit Margin of LTC has remained more or less at the same level.
LTC has a better Operating Margin (35.30%) than 72.44% of its industry peers.
In the last couple of years the Operating Margin of LTC has remained more or less at the same level.
LTC has a better Gross Margin (83.40%) than 84.25% of its industry peers.
In the last couple of years the Gross Margin of LTC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.3% | ||
| PM (TTM) | 14.37% | ||
| GM | 83.4% |
OM growth 3Y7.44%
OM growth 5Y1.11%
PM growth 3Y6.47%
PM growth 5Y-0.08%
GM growth 3Y1.37%
GM growth 5Y0.63%
2. Health
2.1 Basic Checks
LTC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
LTC has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, LTC has more shares outstanding
Compared to 1 year ago, LTC has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.04, we must say that LTC is in the distress zone and has some risk of bankruptcy.
LTC's Altman-Z score of 1.04 is fine compared to the rest of the industry. LTC outperforms 77.95% of its industry peers.
A Debt/Equity ratio of 0.99 indicates that LTC is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.99, LTC is doing good in the industry, outperforming 61.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.04 |
ROIC/WACC0.44
WACC7.28%
2.3 Liquidity
A Current Ratio of 1.11 indicates that LTC should not have too much problems paying its short term obligations.
LTC has a Current ratio of 1.11. This is comparable to the rest of the industry: LTC outperforms 54.33% of its industry peers.
A Quick Ratio of 1.11 indicates that LTC should not have too much problems paying its short term obligations.
LTC has a Quick ratio of 1.11. This is comparable to the rest of the industry: LTC outperforms 55.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
LTC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -60.09%.
The Earnings Per Share has been decreasing by -0.48% on average over the past years.
Looking at the last year, LTC shows a very negative growth in Revenue. The Revenue has decreased by -10.70% in the last year.
Measured over the past years, LTC shows a small growth in Revenue. The Revenue has been growing by 2.52% on average per year.
EPS 1Y (TTM)-60.09%
EPS 3Y13.29%
EPS 5Y-0.48%
EPS Q2Q%-166.67%
Revenue 1Y (TTM)-10.7%
Revenue growth 3Y10.55%
Revenue growth 5Y2.52%
Sales Q2Q%11.66%
3.2 Future
The Earnings Per Share is expected to decrease by -2.52% on average over the next years.
The Revenue is expected to decrease by -3.86% on average over the next years.
EPS Next Y-7.18%
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
EPS Next 5YN/A
Revenue Next Year-26.03%
Revenue Next 2Y-4.81%
Revenue Next 3Y-3.86%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 37.63, which means the current valuation is very expensive for LTC.
LTC's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.87. LTC is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 17.73, which indicates a rather expensive current valuation of LTC.
Based on the Price/Forward Earnings ratio, LTC is valued cheaper than 95.28% of the companies in the same industry.
LTC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.63 | ||
| Fwd PE | 17.73 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LTC is valued more expensive than 85.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 22.03 |
4.3 Compensation for Growth
LTC has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as LTC's earnings are expected to decrease with -2.52% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
5. Dividend
5.1 Amount
LTC has a Yearly Dividend Yield of 6.63%, which is a nice return.
LTC's Dividend Yield is a higher than the industry average which is at 6.83.
LTC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.63% |
5.2 History
The dividend of LTC decreases each year by -0.14%.
LTC has paid a dividend for at least 10 years, which is a reliable track record.
LTC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.14%
Div Incr Years0
Div Non Decr Years22
5.3 Sustainability
LTC pays out 318.68% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of LTC has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP318.68%
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
35
+0.35 (+1.01%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners81.57%
Inst Owner Change0%
Ins Owners2.02%
Ins Owner Change0.43%
Market Cap1.67B
Revenue(TTM)231.14M
Net Income(TTM)33.22M
Analysts68.33
Price Target38.91 (11.17%)
Short Float %4.38%
Short Ratio5.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.63% |
Yearly Dividend2.27
Dividend Growth(5Y)-0.14%
DP318.68%
Div Incr Years0
Div Non Decr Years22
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-139.19%
Min EPS beat(2)-242.37%
Max EPS beat(2)-36.01%
EPS beat(4)0
Avg EPS beat(4)-75.57%
Min EPS beat(4)-242.37%
Max EPS beat(4)-2.72%
EPS beat(8)3
Avg EPS beat(8)-29.31%
EPS beat(12)5
Avg EPS beat(12)-18.76%
EPS beat(16)6
Avg EPS beat(16)-1.52%
Revenue beat(2)2
Avg Revenue beat(2)78.78%
Min Revenue beat(2)71.75%
Max Revenue beat(2)85.81%
Revenue beat(4)4
Avg Revenue beat(4)56.47%
Min Revenue beat(4)25.77%
Max Revenue beat(4)85.81%
Revenue beat(8)8
Avg Revenue beat(8)33.9%
Revenue beat(12)12
Avg Revenue beat(12)28.79%
Revenue beat(16)16
Avg Revenue beat(16)30.47%
PT rev (1m)0.38%
PT rev (3m)0.82%
EPS NQ rev (1m)15.19%
EPS NQ rev (3m)163.67%
EPS NY rev (1m)0%
EPS NY rev (3m)0.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.63 | ||
| Fwd PE | 17.73 | ||
| P/S | 7.21 | ||
| P/FCF | N/A | ||
| P/OCF | 12.69 | ||
| P/B | 1.74 | ||
| P/tB | 1.75 | ||
| EV/EBITDA | 22.03 |
EPS(TTM)0.93
EY2.66%
EPS(NY)1.97
Fwd EY5.64%
FCF(TTM)-3.09
FCFYN/A
OCF(TTM)2.76
OCFY7.88%
SpS4.85
BVpS20.12
TBVpS19.98
PEG (NY)N/A
PEG (5Y)N/A
Graham Number20.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 3.47% | ||
| ROCE | 4.1% | ||
| ROIC | 3.24% | ||
| ROICexc | 3.27% | ||
| ROICexgc | 3.28% | ||
| OM | 35.3% | ||
| PM (TTM) | 14.37% | ||
| GM | 83.4% | ||
| FCFM | N/A |
ROA(3y)5.29%
ROA(5y)5.21%
ROE(3y)10.51%
ROE(5y)10.28%
ROIC(3y)5.29%
ROIC(5y)4.97%
ROICexc(3y)5.33%
ROICexc(5y)5%
ROICexgc(3y)5.34%
ROICexgc(5y)5.01%
ROCE(3y)6.69%
ROCE(5y)6.29%
ROICexgc growth 3Y12.51%
ROICexgc growth 5Y0.5%
ROICexc growth 3Y12.36%
ROICexc growth 5Y0.41%
OM growth 3Y7.44%
OM growth 5Y1.11%
PM growth 3Y6.47%
PM growth 5Y-0.08%
GM growth 3Y1.37%
GM growth 5Y0.63%
F-Score3
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.02 | ||
| Cap/Depr | 771.36% | ||
| Cap/Sales | 120.54% | ||
| Interest Coverage | 2.6 | ||
| Cash Conversion | 111.58% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 1.04 |
F-Score3
WACC7.28%
ROIC/WACC0.44
Cap/Depr(3y)114.57%
Cap/Depr(5y)91.06%
Cap/Sales(3y)22.84%
Cap/Sales(5y)19.19%
Profit Quality(3y)75.06%
Profit Quality(5y)92.31%
High Growth Momentum
Growth
EPS 1Y (TTM)-60.09%
EPS 3Y13.29%
EPS 5Y-0.48%
EPS Q2Q%-166.67%
EPS Next Y-7.18%
EPS Next 2Y-1.88%
EPS Next 3Y-2.52%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.7%
Revenue growth 3Y10.55%
Revenue growth 5Y2.52%
Sales Q2Q%11.66%
Revenue Next Year-26.03%
Revenue Next 2Y-4.81%
Revenue Next 3Y-3.86%
Revenue Next 5YN/A
EBIT growth 1Y-48.86%
EBIT growth 3Y18.78%
EBIT growth 5Y3.65%
EBIT Next Year79.44%
EBIT Next 3Y28.02%
EBIT Next 5Y21.85%
FCF growth 1Y-351.76%
FCF growth 3Y9.4%
FCF growth 5Y22.26%
OCF growth 1Y17.57%
OCF growth 3Y11.13%
OCF growth 5Y0.43%
LTC PROPERTIES INC / LTC FAQ
Can you provide the ChartMill fundamental rating for LTC PROPERTIES INC?
ChartMill assigns a fundamental rating of 4 / 10 to LTC.
What is the valuation status of LTC PROPERTIES INC (LTC) stock?
ChartMill assigns a valuation rating of 2 / 10 to LTC PROPERTIES INC (LTC). This can be considered as Overvalued.
What is the profitability of LTC stock?
LTC PROPERTIES INC (LTC) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for LTC stock?
The Price/Earnings (PE) ratio for LTC PROPERTIES INC (LTC) is 37.63 and the Price/Book (PB) ratio is 1.74.
How financially healthy is LTC PROPERTIES INC?
The financial health rating of LTC PROPERTIES INC (LTC) is 3 / 10.