GLADSTONE LAND CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.68 USD | +0.32% |
|
-0.08% | -12.25% |
| Feb. 21 | Transcript : Gladstone Land Corporation, Q4 2023 Earnings Call, Feb 21, 2024 | |
| Feb. 20 | Gladstone Land Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 271.5 | 352.9 | 1,155 | 636.8 | 517.9 | 454.4 | - | - |
| Enterprise Value (EV) 1 | 768.1 | 996.3 | 1,865 | 636.8 | 517.9 | 454.4 | 454.4 | 454.4 |
| P/E ratio | -99.8 x | -73.2 x | -116 x | -42.4 x | -52.4 x | -40 x | -41.3 x | -63.4 x |
| Yield | 4.12% | 3.67% | 1.6% | 2.98% | 3.83% | 4.41% | 4.42% | 4.5% |
| Capitalization / Revenue | 6.67 x | 6.19 x | 15.3 x | 7.14 x | 5.73 x | 4.9 x | 4.62 x | 4.05 x |
| EV / Revenue | 6.67 x | 6.19 x | 15.3 x | 7.14 x | 5.73 x | 4.9 x | 4.62 x | 4.05 x |
| EV / EBITDA | 8.46 x | 7.96 x | 19.6 x | 9.19 x | 7.33 x | 5.95 x | 5.78 x | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.98 x | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 20,937 | 24,102 | 34,210 | 34,704 | 35,838 | 35,838 | - | - |
| Reference price 2 | 12.97 | 14.64 | 33.76 | 18.35 | 14.45 | 12.68 | 12.68 | 12.68 |
| Announcement Date | 2/19/20 | 2/24/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 40.69 | 57.03 | 75.32 | 89.24 | 90.4 | 92.73 | 98.42 | 112.1 |
| EBITDA 1 | 32.1 | 44.31 | 58.89 | 69.29 | 70.64 | 76.37 | 78.69 | - |
| EBIT 1 | 19.31 | 27.65 | 31.7 | 33.92 | 33.48 | 37.19 | - | - |
| Operating Margin | 47.44% | 48.48% | 42.09% | 38.01% | 37.04% | 40.1% | - | - |
| Earnings before Tax (EBT) | 3.595 | 8.968 | - | - | - | - | - | - |
| Net income 1 | -2.499 | -4.396 | -8.763 | -15 | -9.852 | -11.49 | -11.42 | -8.354 |
| Net margin | -6.14% | -7.71% | -11.63% | -16.81% | -10.9% | -12.39% | -11.6% | -7.45% |
| EPS 2 | -0.1300 | -0.2000 | -0.2900 | -0.4330 | -0.2760 | -0.3167 | -0.3067 | -0.2000 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.5343 | 0.5372 | 0.5408 | 0.5460 | 0.5535 | 0.5590 | 0.5607 | 0.5700 |
| Announcement Date | 2/19/20 | 2/24/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 19.59 | 22.8 | 19.94 | 20.29 | 24.21 | 24.79 | 21.2 | 21.21 | 23.53 | 24.45 | 22.31 | 22.27 | 23.98 | 24.49 | 23.69 |
| EBITDA 1 | 15.33 | 17.7 | 14.92 | 16.52 | 18.79 | 19.05 | 19.18 | 16.87 | - | 18.57 | 18.22 | 17.86 | 19.32 | 20.17 | 20.59 |
| EBIT 1 | 8.384 | 9.795 | 6.579 | 8.133 | 9.643 | 9.567 | 7.445 | 7.827 | 9.398 | 8.814 | 8.866 | 9.075 | 9.675 | 9.575 | - |
| Operating Margin | 42.8% | 42.96% | 32.99% | 40.08% | 39.83% | 38.59% | 35.11% | 36.9% | 39.93% | 36.05% | 39.75% | 40.74% | 40.35% | 39.1% | - |
| Earnings before Tax (EBT) | - | - | 2.898 | 1.673 | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | -1.639 | -1.444 | -2.737 | -3.873 | -3.594 | -4.806 | -4.32 | 1.727 | -2.964 | -4.295 | -3.523 | -3.801 | -2.424 | -1.97 | -3.39 |
| Net margin | -8.37% | -6.33% | -13.72% | -19.09% | -14.85% | -19.39% | -20.38% | 8.14% | -12.59% | -17.57% | -15.79% | -17.07% | -10.11% | -8.04% | -14.31% |
| EPS 2 | -0.0500 | -0.0400 | -0.0800 | -0.1100 | -0.1000 | -0.1380 | -0.1200 | 0.0480 | -0.0830 | -0.1200 | -0.1000 | -0.1050 | -0.0700 | -0.0525 | -0.0900 |
| Dividend per Share 2 | 0.1353 | 0.1360 | 0.1359 | 0.1362 | 0.1368 | 0.1370 | 0.1377 | 0.1380 | 0.1386 | 0.1395 | 0.1397 | 0.1397 | 0.1397 | 0.1397 | 0.1400 |
| Announcement Date | 11/9/21 | 2/22/22 | 5/10/22 | 8/9/22 | 11/8/22 | 2/21/23 | 5/8/23 | 8/7/23 | 11/7/23 | 2/20/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 497 | 643 | 710 | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 15.47 x | 14.52 x | 12.06 x | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | 13.20 | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | 12.3 | 16.5 | 6.12 | 20.1 | - | - | - | - |
| Capex / Sales | 30.2% | 28.95% | 8.13% | 22.55% | - | - | - | - |
| Announcement Date | 2/19/20 | 2/24/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
12.68
USD
Average target price
17.4
USD
Spread / Average Target
+37.22%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.25% | 454M | |
| -20.47% | 80.17B | |
| -9.16% | 69.43B | |
| +6.13% | 44.6B | |
| -18.76% | 40.66B | |
| +10.77% | 22.72B | |
| -22.65% | 21.2B | |
| +7.61% | 11.69B | |
| +12.68% | 2.61B | |
| -12.82% | 2.15B |
- Stock Market
- Equities
- LAND Stock
- Financials Gladstone Land Corporation
