LTC Properties Inc.
Find Ratings ReportsLTC PROPERTIES INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector.
During the same period, stockholders' equity ("net worth") has increased by 6.38% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 50.57 | 48.22 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 27.9 | 27.01 |
Net Income ($mil) | 28.23 | 17.94 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 20.29 | 10.38 |
Total Assets ($mil) | 1855.1 | 1656.1 |
Total Debt ($mil) | 891.32 | 767.85 |
Equity ($mil) | 881.28 | 828.37 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 68.14 | 69.44 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 55.17 | 56.01 |
Sales Turnover | 0.11 | 0.11 |
Return on Assets | 4.83 | 6.03 |
Return on Equity | 10.18 | 12.07 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.5 | 0.48 |
Interest Expense | 12.42 | 8.83 |
Interest Coverage | 2.25 | 3.06 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 43.02 | 41.26 |
Div / share | 0.57 | 0.57 |
EPS | 0.67 | 0.44 |
Book value / share | 20.48 | 20.08 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 295629.0 | 239278.0 |
HOLD. LTC PROPERTIES INC's P/E ratio indicates a significant discount compared to an average of 49.19 for the Real Estate subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.56 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.43. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, LTC PROPERTIES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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LTC 14.83 | Peers 49.19 | LTC 13.20 | Peers 18.58 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. LTC is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. LTC is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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LTC 16.82 | Peers 40.04 | LTC NM | Peers 5.86 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. LTC is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. LTC's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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LTC 1.56 | Peers 6.43 | LTC -12.91 | Peers -7.55 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. LTC is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, LTC is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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LTC 6.99 | Peers 7.79 | LTC 11.93 | Peers 11.68 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. LTC is trading at a discount to its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. LTC is keeping pace with its peers on the basis of sales growth. |
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