ONE LIBERTY PROPERTIES INC (OLP)
US6824061039 - REIT
We assign a fundamental rating of 5 out of 10 to OLP. OLP was compared to 127 industry peers in the Diversified REITs industry. While OLP has a great profitability rating, there are some minor concerns on its financial health. OLP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
OLP had positive earnings in the past year.
In the past year OLP had a positive cash flow from operations.
OLP had positive earnings in each of the past 5 years.
OLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 3.72%, OLP belongs to the best of the industry, outperforming 85.60% of the companies in the same industry.
With an excellent Return On Equity value of 9.23%, OLP belongs to the best of the industry, outperforming 86.40% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.57%, OLP is in the better half of the industry, outperforming 72.80% 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 2.97%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 9.23% | ||
| ROIC | 3.57% |
ROA(3y)4.64%
ROA(5y)3.89%
ROE(3y)11.47%
ROE(5y)9.84%
ROIC(3y)3.64%
ROIC(5y)3.6%
1.3 Margins
Looking at the Profit Margin, with a value of 31.25%, OLP belongs to the top of the industry, outperforming 84.00% of the companies in the same industry.
In the last couple of years the Profit Margin of OLP has grown nicely.
OLP has a better Operating Margin (36.74%) than 82.40% of its industry peers.
In the last couple of years the Operating Margin of OLP has remained more or less at the same level.
With an excellent Gross Margin value of 82.15%, OLP belongs to the best of the industry, outperforming 82.40% of the companies in the same industry.
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 | 36.74% | ||
| PM (TTM) | 31.25% | ||
| GM | 82.15% |
OM growth 3Y-1.32%
OM growth 5Y-1.32%
PM growth 3Y-0.71%
PM growth 5Y4.87%
GM growth 3Y-0.59%
GM growth 5Y-0.74%
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.
Compared to 1 year ago, OLP has about the same amount of shares outstanding.
Compared to 5 years ago, OLP has more shares outstanding
The debt/assets ratio for OLP is higher compared to a year ago.
2.2 Solvency
OLP has an Altman-Z score of 0.89. This is a bad value and indicates that OLP is not financially healthy and even has some risk of bankruptcy.
OLP has a Altman-Z score of 0.89. This is in the better half of the industry: OLP outperforms 68.80% of its industry peers.
The Debt to FCF ratio of OLP is 13.09, which is on the high side as it means it would take OLP, 13.09 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of OLP (13.09) is better than 80.00% of its industry peers.
OLP has a Debt/Equity ratio of 1.36. This is a high value indicating a heavy dependency on external financing.
OLP's Debt to Equity ratio of 1.36 is in line compared to the rest of the industry. OLP outperforms 40.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 13.09 | ||
| Altman-Z | 0.89 |
ROIC/WACC0.5
WACC7.12%
2.3 Liquidity
A Current Ratio of 1.70 indicates that OLP should not have too much problems paying its short term obligations.
OLP has a better Current ratio (1.70) than 64.80% of its industry peers.
A Quick Ratio of 1.70 indicates that OLP should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.70, OLP is in the better half of the industry, outperforming 68.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
OLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -43.28%.
The Earnings Per Share has been growing by 9.25% on average over the past years. This is quite good.
OLP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.33%.
OLP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.97% yearly.
EPS 1Y (TTM)-43.28%
EPS 3Y31.3%
EPS 5Y9.25%
EPS growth Q2Q69.05%
Revenue 1Y (TTM)-20.33%
Revenue growth 3Y2.86%
Revenue growth 5Y3.97%
Revenue growth Q2Q-17.95%
3.2 Future
Based on estimates for the next years, OLP will show a very negative growth in Earnings Per Share. The EPS will decrease by -34.65% on average per year.
Based on estimates for the next years, OLP will show a small growth in Revenue. The Revenue will grow by 2.81% on average per year.
EPS Next Y-58.89%
EPS Next 2Y-47.17%
EPS Next 3Y-34.65%
EPS Next 5YN/A
Revenue Next Year5.44%
Revenue Next 2Y2.09%
Revenue Next 3Y2.24%
Revenue Next 5Y2.81%
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
A Price/Earnings ratio of 12.16 indicates a correct valuation of OLP.
OLP's Price/Earnings ratio is rather cheap when compared to the industry. OLP is cheaper than 91.20% of the companies in the same industry.
OLP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.15.
A Price/Forward Earnings ratio of 43.56 indicates a quite expensive valuation of OLP.
OLP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. OLP is cheaper than 60.80% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.20. OLP is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.16 | ||
| Fwd PE | 43.56 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of OLP indicates a somewhat cheap valuation: OLP is cheaper than 78.40% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.09 | ||
| EV/EBITDA | 15.5 |
4.3 Compensation for Growth
OLP has an outstanding profitability rating, which may justify a higher PE ratio.
OLP's earnings are expected to decrease with -34.65% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.31
EPS Next 2Y-47.17%
EPS Next 3Y-34.65%
5. Dividend
5.1 Amount
OLP has a Yearly Dividend Yield of 7.48%, which is a nice return.
Compared to an average industry Dividend Yield of 5.70, OLP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, OLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.48% |
5.2 History
The dividend of OLP has a limited annual growth rate of 0.15%.
OLP has paid a dividend for at least 10 years, which is a reliable track record.
OLP has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.15%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
134.63% of the earnings are spent on dividend by OLP. This is not a sustainable payout ratio.
OLP's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP134.63%
EPS Next 2Y-47.17%
EPS Next 3Y-34.65%
ONE LIBERTY PROPERTIES INC
NYSE:OLP (5/17/2024, 6:00:00 PM)
After market: 24.2 0 (0%)24.2
+0.26 (+1.09%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap514.25M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.48% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.16 | ||
| Fwd PE | 43.56 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 9.23% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 36.74% | ||
| PM (TTM) | 31.25% | ||
| GM | 82.15% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-43.28%
EPS 3Y31.3%
EPS 5Y
EPS growth Q2Q
EPS Next Y-58.89%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-20.33%
Revenue growth 3Y2.86%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y