ONE LIBERTY PROPERTIES INC (OLP) Stock Fundamental Analysis
USA - NYSE:OLP - US6824061039 - REIT
22.14 USD
+0.02 (+0.09%)
22.14 USD
0 (0%)
Taking everything into account, OLP scores 4 out of 10 in our fundamental rating. OLP was compared to 129 industry peers in the Diversified REITs industry. OLP scores excellent on profitability, but there are concerns on its financial health. OLP does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year OLP was profitable.
In the past year OLP had a positive cash flow from operations.
Each year in the past 5 years OLP has been profitable.
OLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 3.39%, OLP is doing good in the industry, outperforming 79.84% of the companies in the same industry.
With an excellent Return On Equity value of 8.89%, OLP belongs to the best of the industry, outperforming 84.50% of the companies in the same industry.
With a decent Return On Invested Capital value of 3.49%, OLP is doing good in the industry, outperforming 65.89% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for OLP is in line with the industry average of 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.39% | ||
| ROE | 8.89% | ||
| ROIC | 3.49% |
ROA(3y)4.24%
ROA(5y)4.21%
ROE(3y)10.53%
ROE(5y)10.58%
ROIC(3y)3.67%
ROIC(5y)3.55%
1.3 Margins
OLP has a Profit Margin of 28.46%. This is amongst the best in the industry. OLP outperforms 83.72% of its industry peers.
In the last couple of years the Profit Margin of OLP has grown nicely.
The Operating Margin of OLP (35.93%) is better than 74.42% of its industry peers.
OLP's Operating Margin has declined in the last couple of years.
The Gross Margin of OLP (80.21%) is better than 80.62% of its industry peers.
In the last couple of years the Gross Margin of OLP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.93% | ||
| PM (TTM) | 28.46% | ||
| GM | 80.21% |
OM growth 3Y-1.48%
OM growth 5Y-2.95%
PM growth 3Y-10.85%
PM growth 5Y10.17%
GM growth 3Y-1.18%
GM growth 5Y-0.69%
2. Health
2.1 Basic Checks
OLP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for OLP has been increased compared to 1 year ago.
Compared to 5 years ago, OLP has more shares outstanding
The debt/assets ratio for OLP has remained at the same level compared to a year ago.
2.2 Solvency
OLP has an Altman-Z score of 0.76. This is a bad value and indicates that OLP is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.76, OLP is doing good in the industry, outperforming 65.12% of the companies in the same industry.
OLP has a Debt/Equity ratio of 1.50. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of OLP (1.50) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.76 |
ROIC/WACC0.51
WACC6.79%
2.3 Liquidity
A Current Ratio of 1.47 indicates that OLP should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.47, OLP is in the better half of the industry, outperforming 64.34% of the companies in the same industry.
OLP has a Quick Ratio of 1.47. This is a normal value and indicates that OLP is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.47, OLP is in the better half of the industry, outperforming 65.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The earnings per share for OLP have decreased strongly by -14.76% in the last year.
OLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.80% yearly.
The Revenue has been growing slightly by 5.57% in the past year.
The Revenue has been growing slightly by 1.34% on average over the past years.
EPS 1Y (TTM)-14.76%
EPS 3Y-8.8%
EPS 5Y9.8%
EPS Q2Q%-13.33%
Revenue 1Y (TTM)5.57%
Revenue growth 3Y3.06%
Revenue growth 5Y1.34%
Sales Q2Q%12.59%
3.2 Future
Based on estimates for the next years, OLP will show a decrease in Earnings Per Share. The EPS will decrease by -6.70% on average per year.
OLP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.16% yearly.
EPS Next Y-35.79%
EPS Next 2Y-30.48%
EPS Next 3Y-17.09%
EPS Next 5Y-6.7%
Revenue Next Year11.25%
Revenue Next 2Y7.89%
Revenue Next 3Y3.24%
Revenue Next 5Y4.16%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.16, the valuation of OLP can be described as rather expensive.
Based on the Price/Earnings ratio, OLP is valued cheaply inside the industry as 89.92% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.79. OLP is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 32.72 indicates a quite expensive valuation of OLP.
Based on the Price/Forward Earnings ratio, OLP is valued a bit cheaper than 75.19% of the companies in the same industry.
OLP is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.16 | ||
| Fwd PE | 32.72 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of OLP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.31 |
4.3 Compensation for Growth
OLP has a very decent profitability rating, which may justify a higher PE ratio.
OLP's earnings are expected to decrease with -17.09% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.75
EPS Next 2Y-30.48%
EPS Next 3Y-17.09%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.17%, OLP is a good candidate for dividend investing.
OLP's Dividend Yield is rather good when compared to the industry average which is at 6.41. OLP pays more dividend than 82.95% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, OLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.17% |
5.2 History
The dividend of OLP has a limited annual growth rate of 0.12%.
OLP has been paying a dividend for at least 10 years, so it has a reliable track record.
OLP has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)0.12%
Div Incr Years0
Div Non Decr Years9
5.3 Sustainability
OLP pays out 143.79% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of OLP has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP143.79%
EPS Next 2Y-30.48%
EPS Next 3Y-17.09%
22.14
+0.02 (+0.09%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners47.95%
Inst Owner Change2.77%
Ins Owners12.78%
Ins Owner Change-0.1%
Market Cap478.22M
Analysts76.67
Price Target27.54 (24.39%)
Short Float %0.83%
Short Ratio2.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.17% |
Yearly Dividend1.88
Dividend Growth(5Y)0.12%
DP143.79%
Div Incr Years0
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)84.81%
Min EPS beat(2)-6.2%
Max EPS beat(2)175.81%
EPS beat(4)3
Avg EPS beat(4)119.7%
Min EPS beat(4)-6.2%
Max EPS beat(4)246.54%
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)0
Avg Revenue beat(2)-2.94%
Min Revenue beat(2)-3.19%
Max Revenue beat(2)-2.69%
Revenue beat(4)2
Avg Revenue beat(4)-0.48%
Min Revenue beat(4)-3.19%
Max Revenue beat(4)3.24%
Revenue beat(8)4
Avg Revenue beat(8)-0.69%
Revenue beat(12)5
Avg Revenue beat(12)1.46%
Revenue beat(16)8
Avg Revenue beat(16)7.59%
PT rev (1m)0%
PT rev (3m)-6.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)45.9%
EPS NY rev (3m)45.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.16 | ||
| Fwd PE | 32.72 | ||
| P/S | 5.05 | ||
| P/FCF | N/A | ||
| P/OCF | 10.93 | ||
| P/B | 1.58 | ||
| P/tB | 1.68 | ||
| EV/EBITDA | 15.31 |
EPS(TTM)1.29
EY5.83%
EPS(NY)0.68
Fwd EY3.06%
FCF(TTM)-3.81
FCFYN/A
OCF(TTM)2.03
OCFY9.15%
SpS4.39
BVpS14.05
TBVpS13.17
PEG (NY)N/A
PEG (5Y)1.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.39% | ||
| ROE | 8.89% | ||
| ROCE | 4.42% | ||
| ROIC | 3.49% | ||
| ROICexc | 3.58% | ||
| ROICexgc | 3.67% | ||
| OM | 35.93% | ||
| PM (TTM) | 28.46% | ||
| GM | 80.21% | ||
| FCFM | N/A |
ROA(3y)4.24%
ROA(5y)4.21%
ROE(3y)10.53%
ROE(5y)10.58%
ROIC(3y)3.67%
ROIC(5y)3.55%
ROICexc(3y)3.8%
ROICexc(5y)3.66%
ROICexgc(3y)3.88%
ROICexgc(5y)3.75%
ROCE(3y)4.64%
ROCE(5y)4.5%
ROICexcg growth 3Y1.67%
ROICexcg growth 5Y-0.78%
ROICexc growth 3Y2.01%
ROICexc growth 5Y-0.46%
OM growth 3Y-1.48%
OM growth 5Y-2.95%
PM growth 3Y-10.85%
PM growth 5Y10.17%
GM growth 3Y-1.18%
GM growth 5Y-0.69%
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.62 | ||
| Cap/Depr | 491.3% | ||
| Cap/Sales | 133.1% | ||
| Interest Coverage | 1.64 | ||
| Cash Conversion | 73.26% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 0.76 |
F-Score4
WACC6.79%
ROIC/WACC0.51
Cap/Depr(3y)163.84%
Cap/Depr(5y)149.12%
Cap/Sales(3y)43.24%
Cap/Sales(5y)40.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.76%
EPS 3Y-8.8%
EPS 5Y9.8%
EPS Q2Q%-13.33%
EPS Next Y-35.79%
EPS Next 2Y-30.48%
EPS Next 3Y-17.09%
EPS Next 5Y-6.7%
Revenue 1Y (TTM)5.57%
Revenue growth 3Y3.06%
Revenue growth 5Y1.34%
Sales Q2Q%12.59%
Revenue Next Year11.25%
Revenue Next 2Y7.89%
Revenue Next 3Y3.24%
Revenue Next 5Y4.16%
EBIT growth 1Y3.52%
EBIT growth 3Y1.54%
EBIT growth 5Y-1.65%
EBIT Next Year92.58%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-384.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-3.48%
OCF growth 3Y-7%
OCF growth 5Y1.52%