Financials Gaming and Leisure Properties, Inc.

Equities

GLPI

US36467J1088

Specialized REITs

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
42.46 USD -2.23% Intraday chart for Gaming and Leisure Properties, Inc. -0.79% -13.96%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,243 9,748 11,973 13,414 13,177 11,528 - -
Enterprise Value (EV) 1 14,954 15,016 17,854 19,357 19,175 17,742 17,476 17,354
P/E ratio 35.2 x 18.4 x 21.5 x 19.3 x 17.8 x 15.1 x 14.3 x 14.6 x
Yield 4.3% 5.9% 5.47% 5.38% 6.38% 7.16% 7.3% 7.55%
Capitalization / Revenue 8.01 x 8.45 x 9.84 x 10.2 x 9.15 x 7.6 x 7.54 x 7.37 x
EV / Revenue 13 x 13 x 14.7 x 14.8 x 13.3 x 11.7 x 11.4 x 11.1 x
EV / EBITDA 14.4 x 14.5 x 16.3 x 15.8 x 14.7 x 13 x 12.4 x 12 x
EV / FCF 20 x 35.9 x 22.6 x 21.6 x 19.9 x 16.5 x 16.2 x -
FCF Yield 5% 2.79% 4.42% 4.63% 5.02% 6.05% 6.19% -
Price to Book 6.59 x 3.68 x 3.84 x 3.59 x 3.31 x 2.6 x 2.52 x 2.51 x
Nbr of stocks (in thousands) 214,693 229,906 246,051 257,517 267,016 271,501 - -
Reference price 2 43.05 42.40 48.66 52.09 49.35 42.46 42.46 42.46
Announcement Date 2/20/20 2/18/21 2/24/22 2/23/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,153 1,153 1,216 1,312 1,440 1,516 1,529 1,563
EBITDA 1 1,040 1,035 1,097 1,222 1,307 1,369 1,409 1,452
EBIT 1 730.4 767.9 841.8 1,030 1,069 1,098 1,125 1,152
Operating Margin 63.32% 66.59% 69.2% 78.52% 74.2% 72.43% 73.56% 73.68%
Earnings before Tax (EBT) 1 395.6 509.6 562.4 720.3 757.4 816.3 862.3 968
Net income 1 390.9 505.7 534 684.7 734.3 769.4 811.6 818
Net margin 33.89% 43.85% 43.91% 52.2% 50.98% 50.75% 53.07% 52.33%
EPS 2 1.223 2.300 2.260 2.700 2.770 2.820 2.975 2.899
Free Cash Flow 1 747.3 418.6 789.9 896.3 962 1,073 1,082 -
FCF margin 64.79% 36.3% 64.94% 68.33% 66.79% 70.75% 70.75% -
FCF Conversion (EBITDA) 71.84% 40.43% 72.03% 73.36% 73.6% 78.34% 76.82% -
FCF Conversion (Net income) 191.18% 82.77% 147.9% 130.91% 131.01% 139.41% 133.32% -
Dividend per Share 2 1.851 2.500 2.660 2.805 3.150 3.038 3.101 3.206
Announcement Date 2/20/20 2/18/21 2/24/22 2/23/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 298.3 315 326.5 333.8 336.4 355.2 356.6 359.6 369 376 377.8 379.3 381.1 378.8 380.8
EBITDA 1 277.2 293.3 307.6 308.8 312 323.1 325.5 327.1 331.4 333.4 343.1 343.7 347 348.5 351.9
EBIT 1 204.4 199.8 237.1 317.6 275.5 266.8 238.3 268.3 295.3 257.6 277.1 277.7 279.5 271.3 273.8
Operating Margin 68.53% 63.43% 72.61% 95.13% 81.89% 75.12% 66.82% 74.62% 80.01% 68.52% 73.36% 73.21% 73.32% 71.61% 71.9%
Earnings before Tax (EBT) 1 136.2 121.9 156.8 241.5 200.2 189.2 160.2 189.8 218.2 180.2 198.5 200.7 204.1 198.4 202.5
Net income 1 119.6 119.3 151.3 220 194.1 183.4 155.6 184 211.3 174.5 195.9 197.8 200.6 199.4 203.5
Net margin 40.09% 37.87% 46.34% 65.89% 57.71% 51.62% 43.64% 51.18% 57.26% 46.4% 51.84% 52.15% 52.63% 52.63% 53.45%
EPS 2 0.5000 0.4800 0.6100 0.8500 0.7500 0.7000 0.5900 0.7000 0.7800 0.6400 0.7233 0.7267 0.7400 0.7287 0.7390
Dividend per Share 2 0.6700 0.6900 0.7050 0.7050 0.7050 0.9700 0.7200 0.7300 0.7300 - 0.7596 0.7606 0.7606 0.7683 0.7780
Announcement Date 2/24/22 4/28/22 7/28/22 10/27/22 2/23/23 4/27/23 7/27/23 10/26/23 2/27/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,711 5,268 5,881 5,943 5,998 6,214 5,948 5,826
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.49 x 5.088 x 5.363 x 4.865 x 4.589 x 4.539 x 4.222 x 4.012 x
Free Cash Flow 1 747 419 790 896 962 1,073 1,082 -
ROE (net income / shareholders' equity) 18% 21.3% 18.2% 19.7% 18.5% 18.4% 18.3% 17.8%
ROA (Net income/ Total Assets) 4.6% 5.79% 5.41% 6.33% 6.46% 7.34% 7.69% -
Assets 1 8,507 8,734 9,862 10,810 11,369 10,482 10,548 -
Book Value Per Share 2 6.530 11.50 12.70 14.50 14.90 16.30 16.80 16.90
Cash Flow per Share 2 2.350 1.950 3.400 3.620 3.700 3.490 3.900 -
Capex 1 3.02 3.6 13.9 23.9 47.4 0.4 0.3 0.87
Capex / Sales 0.26% 0.31% 1.14% 1.82% 3.29% 0.03% 0.02% 0.06%
Announcement Date 2/20/20 2/18/21 2/24/22 2/23/23 2/27/24 - - -
1USD in Million2USD
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
42.46 USD
Average target price
52.64 USD
Spread / Average Target
+23.97%
Consensus
  1. Stock Market
  2. Equities
  3. GLPI Stock
  4. Financials Gaming and Leisure Properties, Inc.