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 12,539 - -
Change - 12.04% -1.77% 0.28% -4.29% -0.86% - -
Enterprise Value (EV) 1 17,854 19,357 19,175 20,549 19,688 20,576 20,814 20,957
Change - 8.42% -0.94% 7.16% -4.19% 4.51% 1.16% 0.69%
P/E 21.5x 19.3x 17.8x 16.8x 15.1x 13.4x 13x 12.4x
PBR 3.84x 3.59x 3.31x 3.19x 2.81x 2.51x 2.46x 2.41x
PEG - 1x 6.87x 4.65x 5.42x 1.43x 4.31x 2.77x
Capitalization / Revenue 9.84x 10.2x 9.15x 8.63x 7.93x 7.28x 6.85x 6.58x
EV / Revenue 14.7x 14.8x 13.3x 13.4x 12.3x 11.9x 11.4x 11x
EV / EBITDA 16.3x 15.8x 14.7x 15x 13.4x 12.7x 12.1x 11.7x
EV / EBIT 21.2x 18.8x 17.9x 18.2x 16.4x 15.2x 14.5x 14x
EV / FCF 22.6x 21.6x 19.9x 19.9x 23.9x 17.4x 16.4x -
FCF Yield 4.42% 4.63% 5.02% 5.03% 4.19% 5.75% 6.09% -
Dividend per Share 2 2.66 2.805 3.15 3.04 3.1 3.234 3.327 3.44
Rate of return 5.47% 5.38% 6.38% 6.31% 6.94% 7.5% 7.72% 7.98%
EPS 2 2.26 2.7 2.77 2.87 2.95 3.226 3.323 3.472
Distribution rate 118% 104% 114% 106% 105% 100% 100% 99.1%
Net sales 1 1,216 1,312 1,440 1,532 1,595 1,723 1,830 1,905
EBITDA 1 1,097 1,222 1,307 1,374 1,467 1,621 1,726 1,796
EBIT 1 841.8 1,030 1,069 1,131 1,201 1,350 1,433 1,500
Net income 1 534 684.7 734.3 784.6 825.1 947.4 997.9 1,056
Net Debt 1 5,881 5,943 5,998 7,334 7,041 8,037 8,276 8,419
Reference price 2 48.66 52.09 49.35 48.16 44.69 43.10 43.10 43.10
Nbr of stocks (in thousands) 246,051 257,517 267,016 274,392 283,008 290,920 - -
Announcement Date 2/24/22 2/23/23 2/27/24 2/20/25 2/19/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.22x11.86x12.61x7.58% 12.4B
9.43x10.74x12.43x7.01% 28.61B
16.46x3.12x10.57x6.8% 15.27B
29.52x4.01x12.75x3.96% 7.61B
22x3.55x11.13x6.17% 3.68B
17.01x9.85x13.68x6.93% 3.01B
33.43x2.61x10.63x7.06% 2.89B
17.6x7.59x17.65x7.09% 2.59B
18.74x3.01x10.97x3.27% 2.46B
Average 19.71x 6.26x 12.49x 6.21% 8.72B
Weighted average by Cap. 15.67x 7.77x 12.17x 6.61%

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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