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Gladstone Land Corp
NASDAQ:LAND

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Gladstone Land Corp Logo
Gladstone Land Corp
NASDAQ:LAND
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Price: 13.34 USD 3.25% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

LAND's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. [ Read More ]

The intrinsic value of one LAND stock under the Base Case scenario is 36.1 USD. Compared to the current market price of 13.34 USD, Gladstone Land Corp is Undervalued by 63%.

Key Points:
LAND Intrinsic Value
Base Case
36.1 USD
Undervaluation 63%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Gladstone Land Corp

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Run backtest to discover the historical profit from buying and selling LAND stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

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Fundamental Analysis

Company's Q4 Financial Performance Declines
2023-Q4 Earnings Call

Company's Q4 Financial Performance Declines

In the fourth quarter, the company raised about $556,000 from Series E preferred stock sales. Net income was $1.8 million, while net loss to shareholders was $4.3 million. Annual net income reached $14.6 million, with a net loss to common shareholders of $9.9 million. Adjusted Funds From Operations (AFFO) declined QoQ to $5.4 million and YoY to $20.3 million. Dividends increased by $0.002 per share QoQ, and net asset value per share decreased to $19.06.

Financials

Balance Sheet Decomposition
Gladstone Land Corp

Current Assets 18.6m
Cash & Short-Term Investments 18.6m
Non-Current Assets 1.4B
Long-Term Investments 5.8m
PP&E 1.2B
Intangibles 8.3m
Other Non-Current Assets 112.6m
Current Liabilities 14.7m
Accounts Payable 10.3m
Accrued Liabilities 568k
Other Current Liabilities 3.9m
Non-Current Liabilities 653m
Long-Term Debt 633.6m
Other Non-Current Liabilities 19.3m
Efficiency

Earnings Waterfall
Gladstone Land Corp

Revenue
90.4m USD
Cost of Revenue
-12.7m USD
Gross Profit
77.7m USD
Operating Expenses
-44.1m USD
Operating Income
33.6m USD
Other Expenses
-43.5m USD
Net Income
-9.9m USD

Free Cash Flow Analysis
Gladstone Land Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

LAND Profitability Score
Profitability Due Diligence

Gladstone Land Corp's profitability score is 45/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
45/100
Profitability
Score

Gladstone Land Corp's profitability score is 45/100. The higher the profitability score, the more profitable the company is.

LAND Solvency Score
Solvency Due Diligence

Gladstone Land Corp's solvency score is 28/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Positive Net Debt
28/100
Solvency
Score

Gladstone Land Corp's solvency score is 28/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

LAND Price Targets Summary
Gladstone Land Corp

Wall Street analysts forecast LAND stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for LAND is 18.19 USD with a low forecast of 16.16 USD and a high forecast of 21 USD.

Lowest
Price Target
16.16 USD
21% Upside
Average
Price Target
18.19 USD
36% Upside
Highest
Price Target
21 USD
57% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

LAND Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

LAND Price
Gladstone Land Corp

1M 1M
+3%
6M 6M
-6%
1Y 1Y
-16%
3Y 3Y
-20%
5Y 5Y
+20%
10Y 10Y
+33%
Annual Price Range
13.34
52w Low
12.8336
52w High
17.37
Price Metrics
Average Annual Return 29.54%
Standard Deviation of Annual Returns 78.83%
Max Drawdown -68%
Shares Statistics
Market Capitalization 478.1m USD
Shares Outstanding 35 840 000
Percentage of Shares Shorted 1.66%

LAND Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Gladstone Land Corp Logo
Gladstone Land Corp

Country

United States of America

Industry

Real Estate

Market Cap

478.1m USD

Dividend Yield

4.27%

Description

Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. The company is headquartered in Mc Lean, Virginia and currently employs 69 full-time employees. The company went IPO on 2013-01-29. The firm is engaged in the business of owning and leasing farmland. The company owns approximately 164 farms comprised of over 112,542 acres across 15 states in the United States, as well as several farm-related facilities. The firm's farms are located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards. The company also owns several farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The firm is managed by its external adviser, Gladstone Management Corporation.

Contact

VIRGINIA
MC LEAN
1521 Westbranch Dr Ste 100
+17032875800.0
https://www.gladstonefarms.com/

IPO

2013-01-29

Employees

69

Officers

Founder, Chairman, CEO & President
Mr. David John Gladstone
CFO & Assistant Treasurer
Mr. Lewis Parrish CPA
Chief Operating Officer
Mr. Terry Lee Brubaker
Investor Relations Specialist
Ms. Karin McLaughlin
Chief Compliance Officer
Mr. John Anthony Dellafiora Jr., CPA
General Counsel & Secretary
Mr. Michael Bernard LiCalsi Esq., J.D.
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Executive Vice President of West Coast Operations
Mr. William Reiman
Chief Valuation Officer
Ms. Jennifer A. Smith
Head of Resource Management & Director
Ms. Paula Novara
Treasurer
Mr. Jay Beckhorn
Show Less

See Also

Discover More
What is the Intrinsic Value of one LAND stock?

The intrinsic value of one LAND stock under the Base Case scenario is 36.1 USD.

Is LAND stock undervalued or overvalued?

Compared to the current market price of 13.34 USD, Gladstone Land Corp is Undervalued by 63%.