ONE LIBERTY PROPERTIES INC (OLP) Stock Fundamental Analysis
NYSE:OLP - New York Stock Exchange, Inc. - US6824061039 - REIT - Currency: USD
We assign a fundamental rating of 4 out of 10 to OLP. OLP was compared to 129 industry peers in the Diversified REITs industry. While OLP has a great profitability rating, there are quite some concerns on its financial health. OLP has a expensive valuation and it also scores bad on growth.
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.
Each year in the past 5 years OLP has been profitable.
In the past 5 years OLP always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of OLP (3.46%) is better than 83.72% of its industry peers.
OLP has a Return On Equity of 9.27%. This is amongst the best in the industry. OLP outperforms 85.27% of its industry peers.
OLP's Return On Invested Capital of 3.34% is fine compared to the rest of the industry. OLP outperforms 64.34% of its industry peers.
OLP had an Average Return On Invested Capital over the past 3 years of 3.67%. This is in line with the industry average of 3.16%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.46% | ||
| ROE | 9.27% | ||
| ROIC | 3.34% |
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 better Profit Margin (30.53%) than 86.82% of its industry peers.
OLP's Profit Margin has improved in the last couple of years.
OLP's Operating Margin of 36.15% is fine compared to the rest of the industry. OLP outperforms 79.84% of its industry peers.
In the last couple of years the Operating Margin of OLP has declined.
With an excellent Gross Margin value of 80.63%, OLP belongs to the best of the industry, outperforming 81.40% of the companies in the same industry.
OLP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.15% | ||
| PM (TTM) | 30.53% | ||
| GM | 80.63% |
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.
Compared to 1 year ago, OLP has more shares outstanding
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 0.77. This is a bad value and indicates that OLP is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of OLP (0.77) is better than 64.34% of its industry peers.
A Debt/Equity ratio of 1.55 is on the high side and indicates that OLP has dependencies on debt financing.
The Debt to Equity ratio of OLP (1.55) is worse than 64.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.77 |
ROIC/WACC0.47
WACC7.03%
2.3 Liquidity
A Current Ratio of 1.07 indicates that OLP should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.07, OLP is in line with its industry, outperforming 57.36% of the companies in the same industry.
A Quick Ratio of 1.07 indicates that OLP should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.07, OLP is in line with its industry, outperforming 58.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
OLP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.31%.
The Earnings Per Share has been growing by 9.80% on average over the past years. This is quite good.
OLP shows a small growth in Revenue. In the last year, the Revenue has grown by 1.82%.
Measured over the past years, OLP shows a small growth in Revenue. The Revenue has been growing by 1.34% on average per year.
EPS 1Y (TTM)-1.31%
EPS 3Y-8.8%
EPS 5Y9.8%
EPS Q2Q%-22.25%
Revenue 1Y (TTM)1.82%
Revenue growth 3Y3.06%
Revenue growth 5Y1.34%
Sales Q2Q%6.49%
3.2 Future
The Earnings Per Share is expected to decrease by -38.16% on average over the next years. This is quite bad
The Revenue is expected to grow by 2.74% on average over the next years.
EPS Next Y-55.99%
EPS Next 2Y-38.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.04%
Revenue Next 2Y8.32%
Revenue Next 3Y3.24%
Revenue Next 5Y2.74%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.04, the valuation of OLP can be described as rather expensive.
81.40% of the companies in the same industry are more expensive than OLP, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 24.85. OLP is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 44.57 indicates a quite expensive valuation of OLP.
Based on the Price/Forward Earnings ratio, OLP is valued a bit cheaper than 62.02% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of OLP to the average of the S&P500 Index (20.89), we can say OLP is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.04 | ||
| Fwd PE | 44.57 |
4.2 Price Multiples
72.87% of the companies in the same industry are cheaper than OLP, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.9 |
4.3 Compensation for Growth
OLP has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as OLP's earnings are expected to decrease with -38.16% in the coming years.
PEG (NY)N/A
PEG (5Y)1.74
EPS Next 2Y-38.16%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.48%, OLP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.64, OLP pays a bit more dividend than its industry peers.
OLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.48% |
5.2 History
The dividend of OLP has a limited annual growth rate of 0.12%.
OLP has paid a dividend for at least 10 years, which is a reliable track record.
As OLP did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)0.12%
Div Incr Years0
Div Non Decr Years8
5.3 Sustainability
137.49% of the earnings are spent on dividend by OLP. 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.
DP137.49%
EPS Next 2Y-38.16%
EPS Next 3YN/A
23.86
-0.18 (-0.75%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners47.73%
Inst Owner Change-0.41%
Ins Owners13.55%
Ins Owner Change2.01%
Market Cap515.14M
Analysts76.67
Price Target30.09 (26.11%)
Short Float %0.47%
Short Ratio1.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.48% |
Yearly Dividend1.88
Dividend Growth(5Y)0.12%
DP137.49%
Div Incr Years0
Div Non Decr Years8
Ex-Date
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)1
Avg Revenue beat(2)0.28%
Min Revenue beat(2)-2.69%
Max Revenue beat(2)3.24%
Revenue beat(4)2
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-4%
Max Revenue beat(4)3.24%
Revenue beat(8)4
Avg Revenue beat(8)-0.74%
Revenue beat(12)6
Avg Revenue beat(12)10.15%
Revenue beat(16)9
Avg Revenue beat(16)14.02%
PT rev (1m)0%
PT rev (3m)3.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)12.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.32%
Revenue NY rev (1m)-1.26%
Revenue NY rev (3m)7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.04 | ||
| Fwd PE | 44.57 | ||
| P/S | 5.6 | ||
| P/FCF | N/A | ||
| P/OCF | 12.52 | ||
| P/B | 1.7 | ||
| P/tB | 1.82 | ||
| EV/EBITDA | 16.9 |
EPS(TTM)1.4
EY5.87%
EPS(NY)0.54
Fwd EY2.24%
FCF(TTM)-4.49
FCFYN/A
OCF(TTM)1.91
OCFY7.99%
SpS4.26
BVpS14.04
TBVpS13.11
PEG (NY)N/A
PEG (5Y)1.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.46% | ||
| ROE | 9.27% | ||
| ROCE | 4.22% | ||
| ROIC | 3.34% | ||
| ROICexc | 3.37% | ||
| ROICexgc | 3.46% | ||
| OM | 36.15% | ||
| PM (TTM) | 30.53% | ||
| GM | 80.63% | ||
| 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-Score3
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.11 | ||
| Cap/Depr | 556.74% | ||
| Cap/Sales | 150.11% | ||
| Interest Coverage | 1.68 | ||
| Cash Conversion | 70.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 0.77 |
F-Score3
WACC7.03%
ROIC/WACC0.47
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)-1.31%
EPS 3Y-8.8%
EPS 5Y9.8%
EPS Q2Q%-22.25%
EPS Next Y-55.99%
EPS Next 2Y-38.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.82%
Revenue growth 3Y3.06%
Revenue growth 5Y1.34%
Sales Q2Q%6.49%
Revenue Next Year12.04%
Revenue Next 2Y8.32%
Revenue Next 3Y3.24%
Revenue Next 5Y2.74%
EBIT growth 1Y0.97%
EBIT growth 3Y1.54%
EBIT growth 5Y-1.65%
EBIT Next Year92.98%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2866.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-17.83%
OCF growth 3Y-7%
OCF growth 5Y1.52%