Gaming and Leisure Properties, Inc. (GLPI) vs Lamar Advertising Company (LAMR)

Gaming and Leisure Properties, Inc. and Lamar Advertising Company are both Reit Specialty companies. Lamar Advertising Company is the larger, with a market value of $16.0B against $11.5B — 1.4× the size. Gaming and Leisure Properties, Inc. trades at the lower P/E: 12.1× against 27.8×. Gaming and Leisure Properties, Inc. grew revenue faster over the last twelve months: 7.33% against 5.12%. Gaming and Leisure Properties, Inc. has the higher net margin (55.2% vs 24.4%) and the lower return on invested capital (6.28% vs 10.6%). Both pay a dividend; Gaming and Leisure Properties, Inc. yields more (8.11% vs 3.08%). Across the 23 metrics below, Lamar Advertising Company leads on 12 and Gaming and Leisure Properties, Inc. on 11.

Valuation

Metric GLPI LAMR Reit Specialty median
P/E 12.06 27.75 27.75
P/S 6.78 6.76 6.76
P/B 2.14 15.48 1.96
Price to free cash flow 21.83 19.83 19.50
EV/EBITDA 11.89 17.39 17.39
EV/Sales 11.49 8.22 8.49
Earnings yield 8.29% 3.60% 2.53%
Free cash flow yield 4.58% 5.04% 4.58%

Profitability

Metric GLPI LAMR Reit Specialty median
Gross margin 100.00% 67.60% 67.60%
Operating margin 79.10% 32.11% 20.70%
Net margin 55.24% 24.35% 16.51%
Free cash flow margin 31.05% 34.06% 30.71%
Return on equity 18.14% 55.42% 4.02%
Return on assets 6.96% 8.31% 3.23%
Return on invested capital 6.28% 10.57% 4.15%

Growth

Metric GLPI LAMR Reit Specialty median
Revenue growth (TTM) 7.33% 5.12% 5.31%
EPS growth (last fiscal year) 2.79% 63.92% 26.78%
Revenue growth, 5-year CAGR 6.70% 7.63% 6.70%
Net income growth, 5-year CAGR 10.29% 19.28% 0.00%

Health

Metric GLPI LAMR Reit Specialty median
Debt to equity 1.52 3.40 0.57
Current ratio 5.38 0.59 0.67
Net debt to EBITDA 4.70 3.04 4.47

Dividend

Metric GLPI LAMR Reit Specialty median
Dividend yield 8.11% 3.08% 3.79%
Payout ratio 0.98 0.86 1.21

Size

Metric GLPI LAMR Reit Specialty median
Market cap 11.47b 15.97b 6.03b

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