GLP Valuation

Global Partners LP

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50.850

-0.25(-0.489%)1D

Overview
Forecast
Valuation
Earnings

GLP Relative Valuation

GLP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, GLP is overvalued; if below, it's undervalued.

Historical Valuation

Global Partners LP (GLP) is now in the Fair zone, suggesting that its current forward PE ratio of 15.16 is considered Fairly compared with the five-year average of 13.34. The fair price of Global Partners LP (GLP) is between 32.66 to 64.70 according to relative valuation methord.

Relative Value

Fair Zone

32.66-64.70

Current Price：51.10

Fair

15.16

Trailing

Forward

8.84

EV/EBITDA

Global Partners LP. (GLP) has a current EV/EBITDA of 8.84. The 5-year average EV/EBITDA is 8.69. The thresholds are as follows: Strongly Undervalued below 6.07, Undervalued between 6.07 and 7.38, Fairly Valued between 10.00 and 7.38, Overvalued between 10.00 and 11.31, and Strongly Overvalued above 11.31. The current Forward EV/EBITDA of 8.84 falls within the Historic Trend Line -Fairly Valued range.

13.28

EV/EBIT

Global Partners LP. (GLP) has a current EV/EBIT of 13.28. The 5-year average EV/EBIT is 12.85. The thresholds are as follows: Strongly Undervalued below 7.12, Undervalued between 7.12 and 9.98, Fairly Valued between 15.71 and 9.98, Overvalued between 15.71 and 18.58, and Strongly Overvalued above 18.58. The current Forward EV/EBIT of 13.28 falls within the Historic Trend Line -Fairly Valued range.

0.06

Global Partners LP. (GLP) has a current PS of 0.06. The 5-year average PS is 0.06. The thresholds are as follows: Strongly Undervalued below 0.04, Undervalued between 0.04 and 0.05, Fairly Valued between 0.07 and 0.05, Overvalued between 0.07 and 0.08, and Strongly Overvalued above 0.08. The current Forward PS of 0.06 falls within the Historic Trend Line -Fairly Valued range.

6.33

P/OCF

Global Partners LP. (GLP) has a current P/OCF of 6.33. The 5-year average P/OCF is 16.20. The thresholds are as follows: Strongly Undervalued below -85.71, Undervalued between -85.71 and -34.75, Fairly Valued between 67.16 and -34.75, Overvalued between 67.16 and 118.12, and Strongly Overvalued above 118.12. The current Forward P/OCF of 6.33 falls within the Historic Trend Line -Fairly Valued range.

15.02

P/FCF

Global Partners LP. (GLP) has a current P/FCF of 15.02. The 5-year average P/FCF is 18.67. The thresholds are as follows: Strongly Undervalued below -25.53, Undervalued between -25.53 and -3.43, Fairly Valued between 40.77 and -3.43, Overvalued between 40.77 and 62.87, and Strongly Overvalued above 62.87. The current Forward P/FCF of 15.02 falls within the Historic Trend Line -Fairly Valued range.

Global Partners LP (GLP) has a current Price-to-Book (P/B) ratio of 2.84. Compared to its 3-year average P/B ratio of 2.22 , the current P/B ratio is approximately 28.01% higher. Relative to its 5-year average P/B ratio of 2.07, the current P/B ratio is about 36.71% higher. Global Partners LP (GLP) has a Forward Free Cash Flow (FCF) yield of approximately 14.45%. Compared to its 3-year average FCF yield of 6.85%, the current FCF yield is approximately 110.94% lower. Relative to its 5-year average FCF yield of 10.05% , the current FCF yield is about 43.73% lower.

2.84

P/B

Median3y

2.22

Median5y

2.07

14.46

FCF Yield

Median3y

6.85

Median5y

10.05

Performance Decomposition

Market capitalization of GLP increased by 12.89% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 12.55 to 19.65.

The secondary factor is the Revenue Growth, contributed 4.93%to the performance.

Overall, the performance of GLP in the past 1 year is driven by P/E Change. Which is more unsustainable.

4.93%

4.41B → 4.63B

Revenue Growth

-48.57%

1.05 → 0.54

Margin Expansion

56.53%

12.55 → 19.65

P/E Change

12.89%