ONE LIBERTY PROPERTIES INC (OLP) Stock Fundamental Analysis
NYSE:OLP - US6824061039 - REIT
23.22 USD
+0.42 (+1.84%)
23.22 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
OLP has a better Return On Assets (3.39%) than 79.84% of its industry peers.
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.
The Return On Invested Capital of OLP (3.49%) is better than 65.89% of its industry peers.
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
The Profit Margin of OLP (28.46%) is better than 83.72% of its industry peers.
In the last couple of years the Profit Margin of OLP has grown nicely.
Looking at the Operating Margin, with a value of 35.93%, OLP is in the better half of the industry, outperforming 74.42% of the companies in the same industry.
In the last couple of years the Operating Margin of OLP has declined.
Looking at the Gross Margin, with a value of 80.21%, OLP belongs to the top of the industry, outperforming 80.62% 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 | 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), OLP is destroying value.
OLP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, OLP has more shares outstanding
OLP has about the same debt/assets ratio as last year.
2.2 Solvency
Based on the Altman-Z score of 0.78, we must say that OLP is in the distress zone and has some risk of bankruptcy.
OLP's Altman-Z score of 0.78 is fine compared to the rest of the industry. OLP outperforms 65.89% of its industry peers.
OLP has a Debt/Equity ratio of 1.50. This is a high value indicating a heavy dependency on external financing.
OLP has a Debt to Equity ratio of 1.50. This is comparable to the rest of the industry: OLP outperforms 40.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.78 |
ROIC/WACC0.52
WACC6.77%
2.3 Liquidity
A Current Ratio of 1.47 indicates that OLP should not have too much problems paying its short term obligations.
OLP's Current ratio of 1.47 is fine compared to the rest of the industry. OLP outperforms 64.34% of its industry peers.
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.
The Quick ratio of OLP (1.47) is better than 65.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
OLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.76%.
The Earnings Per Share has been growing by 9.80% on average over the past years. This is quite good.
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.
The Revenue is expected to grow by 4.16% on average over the next years.
EPS Next Y-55.99%
EPS Next 2Y-38.16%
EPS Next 3YN/A
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 18.00, the valuation of OLP can be described as rather expensive.
Based on the Price/Earnings ratio, OLP is valued cheaply inside the industry as 89.15% of the companies are valued more expensively.
OLP is valuated rather cheaply when we compare the Price/Earnings ratio to 27.44, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 43.38, OLP can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OLP indicates a somewhat cheap valuation: OLP is cheaper than 63.57% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.87. OLP is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18 | ||
| Fwd PE | 43.38 |
4.2 Price Multiples
OLP's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.54 |
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)1.84
EPS Next 2Y-38.16%
EPS Next 3YN/A
5. Dividend
5.1 Amount
OLP has a Yearly Dividend Yield of 7.64%, which is a nice return.
OLP's Dividend Yield is a higher than the industry average which is at 6.63.
OLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.64% |
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-38.16%
EPS Next 3YN/A
23.22
+0.42 (+1.84%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners46.9%
Inst Owner Change2.77%
Ins Owners12.73%
Ins Owner Change-0.07%
Market Cap501.55M
Analysts76.67
Price Target27.54 (18.6%)
Short Float %0.9%
Short Ratio2.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.64% |
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)-6.9%
PT rev (3m)-6.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.07%
Revenue NQ rev (3m)6.32%
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18 | ||
| Fwd PE | 43.38 | ||
| P/S | 5.29 | ||
| P/FCF | N/A | ||
| P/OCF | 11.46 | ||
| P/B | 1.65 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | 15.54 |
EPS(TTM)1.29
EY5.56%
EPS(NY)0.54
Fwd EY2.31%
FCF(TTM)-3.81
FCFYN/A
OCF(TTM)2.03
OCFY8.73%
SpS4.39
BVpS14.05
TBVpS13.17
PEG (NY)N/A
PEG (5Y)1.84
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 | 0.78 |
F-Score4
WACC6.77%
ROIC/WACC0.52
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-55.99%
EPS Next 2Y-38.16%
EPS Next 3YN/A
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 Year90.34%
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%