Company Valuation: Gaming and Leisure Properties, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,973 13,414 13,177 13,215 12,648 12,230 - -
Change - 12.04% -1.77% 0.28% -4.29% -3.31% - -
Enterprise Value (EV) 1 17,854 19,357 19,175 20,549 19,688 20,203 20,438 20,532
Change - 8.42% -0.94% 7.16% -4.19% 2.61% 1.16% 0.46%
P/E 21.5x 19.3x 17.8x 16.8x 15.1x 13.3x 12.9x 12.4x
PBR 3.84x 3.59x 3.31x 3.19x 2.81x 2.5x 2.5x 2.38x
PEG - 1x 6.87x 4.65x 5.42x 1.3x 4.49x 3.16x
Capitalization / Revenue 9.84x 10.2x 9.15x 8.63x 7.93x 7.08x 6.67x 6.45x
EV / Revenue 14.7x 14.8x 13.3x 13.4x 12.3x 11.7x 11.1x 10.8x
EV / EBITDA 16.3x 15.8x 14.7x 15x 13.4x 12.5x 11.9x 11.4x
EV / EBIT 21.2x 18.8x 17.9x 18.2x 16.4x 14.9x 14.3x 13.7x
EV / FCF 22.6x 21.6x 19.9x 19.9x 23.9x 17.1x 16.2x -
FCF Yield 4.42% 4.63% 5.02% 5.03% 4.19% 5.86% 6.18% -
Dividend per Share 2 2.66 2.805 3.15 3.04 3.1 3.199 3.277 3.397
Rate of return 5.47% 5.38% 6.38% 6.31% 6.94% 7.41% 7.59% 7.87%
EPS 2 2.26 2.7 2.77 2.87 2.95 3.249 3.342 3.474
Distribution rate 118% 104% 114% 106% 105% 98.5% 98% 97.8%
Net sales 1 1,216 1,312 1,440 1,532 1,595 1,727 1,834 1,897
EBITDA 1 1,097 1,222 1,307 1,374 1,467 1,615 1,719 1,794
EBIT 1 841.8 1,030 1,069 1,131 1,201 1,356 1,433 1,499
Net income 1 534 684.7 734.3 784.6 825.1 945.8 998.2 1,057
Net Debt 1 5,881 5,943 5,998 7,334 7,041 7,974 8,209 8,302
Reference price 2 48.66 52.09 49.35 48.16 44.69 43.18 43.18 43.18
Nbr of stocks (in thousands) 246,051 257,517 267,016 274,392 283,008 283,222 - -
Announcement Date 24/02/22 23/02/23 27/02/24 20/02/25 19/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.85x10.81x13.09x7% 28.42B
17.24x3.18x10.82x6.2% 15.88B
31.6x4.06x13.02x3.85% 7.84B
24.08x3.75x11.91x5.79% 3.91B
16.7x13.87x16.84x6.54% 2.89B
32.43x2.61x10.86x7.12% 2.85B
18.24x7.58x18.02x6.74% 2.7B
21.64x2.99x11.57x3.14% 2.43B
Average 21.35x 6.11x 13.26x 5.8% 8.37B
Weighted average by Cap. 16.58x 7.17x 12.68x 6.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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