Global Partners stock: fair value
GLPThe fair value of Global Partners under our model is $42.26, the price is 3% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $30.19 and expensive above $70.44 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $4.53 (cash-flow model) and $80.00 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $41.91, at 7.8% it would be $42.80.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14.6).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 0.8 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $4.53 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.8%) |
|---|---|---|---|---|
| 2026 | $11.7M | extrapolated at −17.5% | 0.9189 | $10.75M |
| 2027 | $10.4M | extrapolated at −11.1% | 0.8443 | $8.78M |
| 2028 | $9.71M | extrapolated at −6.6% | 0.7758 | $7.53M |
| 2029 | $9.37M | extrapolated at −3.5% | 0.7129 | $6.68M |
| 2030 | $9.25M | extrapolated at −1.3% | 0.6550 | $6.06M |
| 2031 | $9.27M | extrapolated at 0.2% | 0.6019 | $5.58M |
| 2032 | $9.39M | extrapolated at 1.3% | 0.5530 | $5.19M |
| 2033 | $9.59M | extrapolated at 2.1% | 0.5082 | $4.87M |
| 2034 | $9.84M | extrapolated at 2.6% | 0.4669 | $4.59M |
| 2035 | $10.13M | extrapolated at 3.0% | 0.4291 | $4.35M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $64.38M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (8.8% − 3.8%) | $210.33M |
| Present value of terminal value (× 0.4291) | $90.25M |
| Equity value (sum plus present value of terminal value) | $154.63M |
| Shares (diluted) | 34.13M |
| Value per share (equity value divided by shares) | $4.53 |
| Earnings per share, last twelve months | $5.50 |
| × 14.6 (industry P/E) | $80.00 |
| Fair value (average of both parts) | $42.26 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 1 May 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.