MGM Growth Properties LLC (MGP) Fundamental Analysis & Valuation

NYSE:MGP • US55303A1051

Current stock price

41.64
+1.26 (+3.12%)
At close:
41.73
+0.09 (+0.22%)
After Hours:

This MGP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

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1. MGP Profitability Analysis

1.1 Basic Checks

  • MGP had positive earnings in the past year.
MGP Yearly Net Income VS EBIT VS OCF VS FCFMGP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 200M 400M 600M

1.2 Ratios

Industry RankSector Rank
ROA 2.08%
ROE 6.8%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MGP Yearly ROA, ROE, ROICMGP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2 4 6

1.3 Margins

  • The Operating Margin and Gross Margin are not available for MGP so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 27.27%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MGP Yearly Profit, Operating, Gross MarginsMGP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 20 40 60

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2. MGP Health Analysis

2.1 Basic Checks

  • MGP has more shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, MGP has a worse debt to assets ratio.
MGP Yearly Shares OutstandingMGP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 50M 100M 150M
MGP Yearly Total Debt VS Total AssetsMGP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2B 4B 6B 8B 10B

2.2 Solvency

  • MGP has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACCN/A
MGP Yearly LT Debt VS Equity VS FCFMGP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 1B 2B 3B 4B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

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4

3. MGP Growth Analysis

3.1 Past

  • The earnings per share for MGP have decreased by -0.73% in the last year.
  • The Earnings Per Share has been growing by 18.92% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 1.60% in the past year.
  • MGP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.84% yearly.
EPS 1Y (TTM)-0.73%
EPS 3Y13.51%
EPS 5Y18.92%
EPS Q2Q%0%
Revenue 1Y (TTM)1.6%
Revenue growth 3Y-3.47%
Revenue growth 5Y10.84%
Sales Q2Q%3.93%

3.2 Future

  • MGP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.78% yearly.
  • MGP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.72% yearly.
EPS Next Y11.4%
EPS Next 2Y2.17%
EPS Next 3Y1.74%
EPS Next 5Y1.78%
Revenue Next Year5.61%
Revenue Next 2Y2.96%
Revenue Next 3Y2.63%
Revenue Next 5Y2.72%

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.
MGP Yearly Revenue VS EstimatesMGP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
MGP Yearly EPS VS EstimatesMGP Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

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4. MGP Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 30.62 indicates a quite expensive valuation of MGP.
  • The average S&P500 Price/Earnings ratio is at 24.89. MGP is valued slightly more expensive when compared to this.
  • MGP is valuated quite expensively with a Price/Forward Earnings ratio of 29.33.
  • MGP is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 30.62
Fwd PE 29.33
MGP Price Earnings VS Forward Price EarningsMGP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.29
MGP Per share dataMGP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MGP does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.69
PEG (5Y)1.62
EPS Next 2Y2.17%
EPS Next 3Y1.74%

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4

5. MGP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.09%, MGP is a good candidate for dividend investing.
  • MGP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 5.09%

5.2 History

  • The dividend of MGP has a limited annual growth rate of 5.80%.
  • MGP has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)5.8%
Div Incr YearsN/A
Div Non Decr YearsN/A
MGP Yearly Dividends per shareMGP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 0.5 1 1.5 2

5.3 Sustainability

  • MGP pays out 255.04% of its income as dividend. This is not a sustainable payout ratio.
  • MGP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP255.04%
EPS Next 2Y2.17%
EPS Next 3Y1.74%
MGP Yearly Income VS Free CF VS DividendMGP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 200M 400M 600M
MGP Dividend Payout.MGP Dividend Payout, showing the Payout Ratio.MGP Dividend Payout.PayoutRetained Earnings

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MGP Fundamentals: All Metrics, Ratios and Statistics

MGM Growth Properties LLC

NYSE:MGP (4/28/2022, 8:13:32 PM)

After market: 41.73 +0.09 (+0.22%)

41.64

+1.26 (+3.12%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-21
Earnings (Next)08-04
Inst Owners0.31%
Inst Owner Change0%
Ins Owners0.05%
Ins Owner Change0%
Market Cap6.53B
Revenue(TTM)789.66M
Net Income(TTM)215.33M
Analysts69.09
Price Target42.02 (0.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.09%
Yearly Dividend2.06
Dividend Growth(5Y)5.8%
DP255.04%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 30.62
Fwd PE 29.33
P/S 8.27
P/FCF N/A
P/OCF N/A
P/B 2.06
P/tB N/A
EV/EBITDA 14.29
EPS(TTM)1.36
EY3.27%
EPS(NY)1.42
Fwd EY3.41%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS5.04
BVpS20.2
TBVpSN/A
PEG (NY)2.69
PEG (5Y)1.62
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 2.08%
ROE 6.8%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.27%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y0%
ROICexgc growth 5Y0%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.73%
EPS 3Y13.51%
EPS 5Y18.92%
EPS Q2Q%0%
EPS Next Y11.4%
EPS Next 2Y2.17%
EPS Next 3Y1.74%
EPS Next 5Y1.78%
Revenue 1Y (TTM)1.6%
Revenue growth 3Y-3.47%
Revenue growth 5Y10.84%
Sales Q2Q%3.93%
Revenue Next Year5.61%
Revenue Next 2Y2.96%
Revenue Next 3Y2.63%
Revenue Next 5Y2.72%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

MGM Growth Properties LLC / MGP Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MGM Growth Properties LLC?

ChartMill assigns a fundamental rating of 3 / 10 to MGP.


Can you provide the valuation status for MGM Growth Properties LLC?

ChartMill assigns a valuation rating of 3 / 10 to MGM Growth Properties LLC (MGP). This can be considered as Overvalued.


What is the profitability of MGP stock?

MGM Growth Properties LLC (MGP) has a profitability rating of 4 / 10.


What are the PE and PB ratios of MGM Growth Properties LLC (MGP) stock?

The Price/Earnings (PE) ratio for MGM Growth Properties LLC (MGP) is 30.62 and the Price/Book (PB) ratio is 2.06.


How sustainable is the dividend of MGM Growth Properties LLC (MGP) stock?

The dividend rating of MGM Growth Properties LLC (MGP) is 6 / 10 and the dividend payout ratio is 255.04%.