LTC PROPERTIES INC (LTC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LTC - US5021751020 - REIT
35.96 USD
-0.01 (-0.03%)
35.96 USD
0 (0%)
Overall LTC gets a fundamental rating of 4 out of 10. We evaluated LTC against 128 industry peers in the Diversified REITs industry. LTC scores excellent on profitability, but there are concerns on its financial health. LTC has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year LTC was profitable.
LTC had a positive operating cash flow in the past year.
Each year in the past 5 years LTC has been profitable.
LTC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.62%, LTC is in the better half of the industry, outperforming 60.94% of the companies in the same industry.
Looking at the Return On Equity, with a value of 3.47%, LTC is in the better half of the industry, outperforming 60.94% of the companies in the same industry.
LTC has a Return On Invested Capital of 3.24%. This is in the better half of the industry: LTC outperforms 62.50% of its industry peers.
LTC had an Average Return On Invested Capital over the past 3 years of 5.29%. This 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
With a decent Profit Margin value of 14.37%, LTC is doing good in the industry, outperforming 65.63% of the companies in the same industry.
LTC's Profit Margin has been stable in the last couple of years.
LTC has a Operating Margin of 35.30%. This is in the better half of the industry: LTC outperforms 72.66% of its industry peers.
LTC's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 83.40%, LTC belongs to the top of the industry, outperforming 83.59% of the companies in the same industry.
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
LTC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.03, we must say that LTC is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of LTC (1.03) is better than 77.34% of its industry peers.
LTC has a Debt/Equity ratio of 0.99. This is a neutral value indicating LTC is somewhat dependend on debt financing.
The Debt to Equity ratio of LTC (0.99) is better than 61.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.03 |
ROIC/WACC0.45
WACC7.19%
2.3 Liquidity
LTC has a Current Ratio of 1.11. This is a normal value and indicates that LTC is financially healthy and should not expect problems in meeting its short term obligations.
LTC has a Current ratio (1.11) which is in line with its industry peers.
A Quick Ratio of 1.11 indicates that LTC should not have too much problems paying its short term obligations.
LTC's Quick ratio of 1.11 is in line compared to the rest of the industry. LTC outperforms 55.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for LTC have decreased strongly by -60.09% in the last year.
Measured over the past years, LTC shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.48% on average per year.
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.
Based on estimates for the next years, LTC will show a decrease in Revenue. The Revenue will decrease by -3.86% on average per year.
EPS Next Y-21.54%
EPS Next 2Y-1.63%
EPS Next 3Y-2.52%
EPS Next 5YN/A
Revenue Next Year-26.69%
Revenue Next 2Y-8.98%
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.
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
Based on the Price/Earnings ratio of 38.67, the valuation of LTC can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of LTC is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 25.65. LTC is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 18.13, the valuation of LTC can be described as rather expensive.
96.09% of the companies in the same industry are more expensive than LTC, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.45, LTC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.67 | ||
| Fwd PE | 18.13 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LTC indicates a rather expensive valuation: LTC more expensive than 85.94% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.95 |
4.3 Compensation for Growth
The decent profitability rating of LTC 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-1.63%
EPS Next 3Y-2.52%
5. Dividend
5.1 Amount
LTC has a Yearly Dividend Yield of 6.38%, which is a nice return.
Compared to an average industry Dividend Yield of 6.59, LTC pays a bit more dividend than its industry peers.
LTC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.38% |
5.2 History
The dividend of LTC decreases each year by -0.14%.
LTC has been paying a dividend for at least 10 years, so it has 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
318.68% of the earnings are spent on dividend by LTC. This is not a sustainable payout ratio.
LTC's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP318.68%
EPS Next 2Y-1.63%
EPS Next 3Y-2.52%
35.96
-0.01 (-0.03%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners79.46%
Inst Owner Change5.63%
Ins Owners2.07%
Ins Owner Change2.66%
Market Cap1.66B
Revenue(TTM)231.14M
Net Income(TTM)33.22M
Analysts68.33
Price Target38.76 (7.79%)
Short Float %4.17%
Short Ratio4.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.38% |
Yearly Dividend2.27
Dividend Growth(5Y)-0.14%
DP318.68%
Div Incr Years0
Div Non Decr Years22
Ex-Date
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)7
Avg Revenue beat(8)31.69%
Revenue beat(12)11
Avg Revenue beat(12)26.66%
Revenue beat(16)15
Avg Revenue beat(16)28.87%
PT rev (1m)0.44%
PT rev (3m)0.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.39%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-31.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-36.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.67 | ||
| Fwd PE | 18.13 | ||
| P/S | 7.17 | ||
| P/FCF | N/A | ||
| P/OCF | 12.61 | ||
| P/B | 1.73 | ||
| P/tB | 1.74 | ||
| EV/EBITDA | 21.95 |
EPS(TTM)0.93
EY2.59%
EPS(NY)1.98
Fwd EY5.52%
FCF(TTM)-3.2
FCFYN/A
OCF(TTM)2.85
OCFY7.93%
SpS5.02
BVpS20.79
TBVpS20.65
PEG (NY)N/A
PEG (5Y)N/A
Graham Number20.86
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 | 1.03 |
F-Score3
WACC7.19%
ROIC/WACC0.45
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-21.54%
EPS Next 2Y-1.63%
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-26.69%
Revenue Next 2Y-8.98%
Revenue Next 3Y-3.86%
Revenue Next 5YN/A
EBIT growth 1Y-48.86%
EBIT growth 3Y18.78%
EBIT growth 5Y3.65%
EBIT Next Year74.89%
EBIT Next 3Y24.15%
EBIT Next 5Y17.8%
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.
Can you provide the valuation status for LTC PROPERTIES INC?
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 7 / 10.
What is the expected EPS growth for LTC PROPERTIES INC (LTC) stock?
The Earnings per Share (EPS) of LTC PROPERTIES INC (LTC) is expected to decline by -21.54% in the next year.
How sustainable is the dividend of LTC PROPERTIES INC (LTC) stock?
The dividend rating of LTC PROPERTIES INC (LTC) is 6 / 10 and the dividend payout ratio is 318.68%.