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MGM Growth Properties LLC (MGP) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:MGP - US55303A1051 - REIT

41.64
+1.26 (+3.12%)
Last: 4/28/2022, 8:13:32 PM
41.73
+0.09 (+0.22%)
After Hours: 4/28/2022, 8:13:32 PM
Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to MGP. MGP was compared to 128 industry peers in the Diversified REITs industry. MGP has a bad profitability rating. Also its financial health evaluation is rather negative. MGP is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

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 2015 2016 2017 2018 2019 2020 2021 0 200M -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 2015 2016 2017 2018 2019 2020 2021 2 4 6

1.3 Margins

MGP does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
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 2015 2016 2017 2018 2019 2020 2021 20 40 60

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2. Health

2.1 Basic Checks

The number of shares outstanding for MGP has been increased compared to 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 2015 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 2015 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 2015 2016 2017 2018 2019 2020 2021 0 2B 4B 6B

2.3 Liquidity

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

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4

3. Growth

3.1 Past

MGP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.73%.
Measured over the past years, MGP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.92% on average per year.
MGP shows a small growth in Revenue. In the last year, the Revenue has grown by 1.60%.
The Revenue has been growing by 10.84% on average over the past years. This is quite good.
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

Based on estimates for the next years, MGP will show a small growth in Earnings Per Share. The EPS will grow by 1.78% on average per year.
The Revenue is expected to grow by 2.72% on average over the next years.
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. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 30.62, MGP can be considered very expensive at the moment.
When comparing the Price/Earnings ratio of MGP to the average of the S&P500 Index (26.54), we can say MGP is valued inline with the index average.
The Price/Forward Earnings ratio is 29.33, which means the current valuation is very expensive for MGP.
MGP is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.78, 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. Dividend

5.1 Amount

MGP has a Yearly Dividend Yield of 5.09%, which is a nice return.
MGP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
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.
The dividend of MGP is growing, but the earnings are growing slower. 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 2015 2016 2017 2018 2019 2020 2021 0 200M 400M 600M
MGP Dividend Payout.MGP Dividend Payout, showing the Payout Ratio.MGP Dividend Payout.PayoutRetained Earnings

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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 2022-04-21/bmo
Earnings (Next)08-04 2022-08-04
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 FAQ

What is the fundamental rating for MGP stock?

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


What is the valuation status for MGP stock?

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 is the valuation of MGM Growth Properties LLC based on its PE and PB ratios?

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


Can you provide the financial health for MGP stock?

The financial health rating of MGM Growth Properties LLC (MGP) is 1 / 10.