EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis
USA - NYSE:ELS - US29472R1086 - REIT
62.01 USD
-1.23 (-1.94%)
ELS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. While ELS belongs to the best of the industry regarding profitability, there are concerns on its financial health. ELS is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ELS had positive earnings in the past year.
ELS had a positive operating cash flow in the past year.
In the past 5 years ELS has always been profitable.
ELS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of ELS (6.43%) is better than 95.00% of its industry peers.
With an excellent Return On Equity value of 21.24%, ELS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
ELS has a Return On Invested Capital of 7.37%. This is amongst the best in the industry. ELS outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ELS is above the industry average of 2.59%.
The last Return On Invested Capital (7.37%) for ELS is above the 3 year average (6.66%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.43% | ||
| ROE | 21.24% | ||
| ROIC | 7.37% |
ROA(3y)5.76%
ROA(5y)5.48%
ROE(3y)20.92%
ROE(5y)19.96%
ROIC(3y)6.66%
ROIC(5y)6.48%
1.3 Margins
ELS has a better Profit Margin (24.25%) than 75.00% of its industry peers.
ELS's Profit Margin has declined in the last couple of years.
ELS's Operating Margin of 33.47% is amongst the best of the industry. ELS outperforms 100.00% of its industry peers.
ELS's Operating Margin has been stable in the last couple of years.
ELS's Gross Margin of 52.77% is on the low side compared to the rest of the industry. ELS is outperformed by 85.00% of its industry peers.
In the last couple of years the Gross Margin of ELS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.47% | ||
| PM (TTM) | 24.25% | ||
| GM | 52.77% |
OM growth 3Y4.08%
OM growth 5Y0.27%
PM growth 3Y6.52%
PM growth 5Y-2.3%
GM growth 3Y1.58%
GM growth 5Y-0.14%
2. Health
2.1 Basic Checks
ELS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ELS has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ELS has more shares outstanding
ELS has a better debt/assets ratio than last year.
2.2 Solvency
ELS has an Altman-Z score of 2.29. This is not the best score and indicates that ELS is in the grey zone with still only limited risk for bankruptcy at the moment.
ELS has a better Altman-Z score (2.29) than 100.00% of its industry peers.
The Debt to FCF ratio of ELS is 9.29, which is on the high side as it means it would take ELS, 9.29 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 9.29, ELS belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
A Debt/Equity ratio of 1.88 is on the high side and indicates that ELS has dependencies on debt financing.
With a Debt to Equity ratio value of 1.88, ELS is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 9.29 | ||
| Altman-Z | 2.29 |
ROIC/WACC0.98
WACC7.53%
2.3 Liquidity
A Current Ratio of 0.03 indicates that ELS may have some problems paying its short term obligations.
With a Current ratio value of 0.03, ELS is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
ELS has a Quick Ratio of 0.03. This is a bad value and indicates that ELS is not financially healthy enough and could expect problems in meeting its short term obligations.
ELS has a Quick ratio of 0.03. This is amonst the worse of the industry: ELS underperforms 85.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.03 | ||
| Quick Ratio | 0.03 |
3. Growth
3.1 Past
ELS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.52%.
Measured over the past 5 years, ELS shows a small growth in Earnings Per Share. The EPS has been growing by 4.77% on average per year.
Looking at the last year, ELS shows a small growth in Revenue. The Revenue has grown by 0.59% in the last year.
ELS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.11% yearly.
EPS 1Y (TTM)-0.52%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%-7.14%
Revenue 1Y (TTM)0.59%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%-0.83%
3.2 Future
Based on estimates for the next years, ELS will show a small growth in Earnings Per Share. The EPS will grow by 6.62% on average per year.
Based on estimates for the next years, ELS will show a small growth in Revenue. The Revenue will grow by 4.16% on average per year.
EPS Next Y0.85%
EPS Next 2Y3.69%
EPS Next 3Y5.17%
EPS Next 5Y6.62%
Revenue Next Year1.57%
Revenue Next 2Y2.61%
Revenue Next 3Y3.61%
Revenue Next 5Y4.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 32.64, the valuation of ELS can be described as expensive.
ELS's Price/Earnings ratio is a bit cheaper when compared to the industry. ELS is cheaper than 65.00% of the companies in the same industry.
ELS is valuated rather expensively when we compare the Price/Earnings ratio to 27.02, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 29.58 indicates a quite expensive valuation of ELS.
ELS's Price/Forward Earnings ratio is rather cheap when compared to the industry. ELS is cheaper than 100.00% of the companies in the same industry.
ELS is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.64 | ||
| Fwd PE | 29.58 |
4.2 Price Multiples
ELS's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. ELS is more expensive than 80.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ELS indicates a somewhat cheap valuation: ELS is cheaper than 70.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.38 | ||
| EV/EBITDA | 21.55 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ELS does not grow enough to justify the current Price/Earnings ratio.
ELS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)38.31
PEG (5Y)6.85
EPS Next 2Y3.69%
EPS Next 3Y5.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.28%, ELS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.43, ELS's dividend is way lower than its industry peers. On top of this 90.00% of the companies listed in the same industry pay a better dividend than ELS!
Compared to an average S&P500 Dividend Yield of 2.44, ELS pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.28% |
5.2 History
The dividend of ELS is nicely growing with an annual growth rate of 8.99%!
ELS has been paying a dividend for at least 10 years, so it has a reliable track record.
ELS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.99%
Div Incr Years20
Div Non Decr Years20
5.3 Sustainability
104.85% of the earnings are spent on dividend by ELS. This is not a sustainable payout ratio.
The dividend of ELS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP104.85%
EPS Next 2Y3.69%
EPS Next 3Y5.17%
NYSE:ELS (10/13/2025, 1:03:06 PM)
62.01
-1.23 (-1.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.05%
Inst Owner Change0%
Ins Owners0.69%
Ins Owner Change0.26%
Market Cap12.02B
Analysts80
Price Target71.94 (16.01%)
Short Float %2.58%
Short Ratio2.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.28% |
Yearly Dividend1.95
Dividend Growth(5Y)8.99%
DP104.85%
Div Incr Years20
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.56%
Min EPS beat(2)-6.67%
Max EPS beat(2)1.56%
EPS beat(4)2
Avg EPS beat(4)-1.06%
Min EPS beat(4)-6.67%
Max EPS beat(4)2.52%
EPS beat(8)5
Avg EPS beat(8)5.29%
EPS beat(12)6
Avg EPS beat(12)4%
EPS beat(16)9
Avg EPS beat(16)4.65%
Revenue beat(2)0
Avg Revenue beat(2)-3.07%
Min Revenue beat(2)-3.82%
Max Revenue beat(2)-2.33%
Revenue beat(4)0
Avg Revenue beat(4)-3.01%
Min Revenue beat(4)-4.16%
Max Revenue beat(4)-1.71%
Revenue beat(8)3
Avg Revenue beat(8)-1.32%
Revenue beat(12)4
Avg Revenue beat(12)-0.5%
Revenue beat(16)8
Avg Revenue beat(16)10%
PT rev (1m)-0.97%
PT rev (3m)-3.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.52%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-1.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.64 | ||
| Fwd PE | 29.58 | ||
| P/S | 7.93 | ||
| P/FCF | 34.38 | ||
| P/OCF | 20.74 | ||
| P/B | 6.94 | ||
| P/tB | 6.94 | ||
| EV/EBITDA | 21.55 |
EPS(TTM)1.9
EY3.06%
EPS(NY)2.1
Fwd EY3.38%
FCF(TTM)1.8
FCFY2.91%
OCF(TTM)2.99
OCFY4.82%
SpS7.82
BVpS8.93
TBVpS8.93
PEG (NY)38.31
PEG (5Y)6.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.43% | ||
| ROE | 21.24% | ||
| ROCE | 9.33% | ||
| ROIC | 7.37% | ||
| ROICexc | 7.42% | ||
| ROICexgc | 7.6% | ||
| OM | 33.47% | ||
| PM (TTM) | 24.25% | ||
| GM | 52.77% | ||
| FCFM | 23.05% |
ROA(3y)5.76%
ROA(5y)5.48%
ROE(3y)20.92%
ROE(5y)19.96%
ROIC(3y)6.66%
ROIC(5y)6.48%
ROICexc(3y)6.69%
ROICexc(5y)6.52%
ROICexgc(3y)6.86%
ROICexgc(5y)6.66%
ROCE(3y)8.44%
ROCE(5y)8.2%
ROICexcg growth 3Y6.59%
ROICexcg growth 5Y2.32%
ROICexc growth 3Y6.52%
ROICexc growth 5Y2.03%
OM growth 3Y4.08%
OM growth 5Y0.27%
PM growth 3Y6.52%
PM growth 5Y-2.3%
GM growth 3Y1.58%
GM growth 5Y-0.14%
F-Score6
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 9.29 | ||
| Debt/EBITDA | 4.52 | ||
| Cap/Depr | 109.38% | ||
| Cap/Sales | 15.17% | ||
| Interest Coverage | 3.8 | ||
| Cash Conversion | 80.75% | ||
| Profit Quality | 95.05% | ||
| Current Ratio | 0.03 | ||
| Quick Ratio | 0.03 | ||
| Altman-Z | 2.29 |
F-Score6
WACC7.53%
ROIC/WACC0.98
Cap/Depr(3y)153.33%
Cap/Depr(5y)227.34%
Cap/Sales(3y)21.7%
Cap/Sales(5y)32.72%
Profit Quality(3y)65.81%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.52%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%-7.14%
EPS Next Y0.85%
EPS Next 2Y3.69%
EPS Next 3Y5.17%
EPS Next 5Y6.62%
Revenue 1Y (TTM)0.59%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%-0.83%
Revenue Next Year1.57%
Revenue Next 2Y2.61%
Revenue Next 3Y3.61%
Revenue Next 5Y4.16%
EBIT growth 1Y8.1%
EBIT growth 3Y9.27%
EBIT growth 5Y8.4%
EBIT Next Year47.62%
EBIT Next 3Y17.5%
EBIT Next 5Y12.78%
FCF growth 1Y161.49%
FCF growth 3YN/A
FCF growth 5Y412.66%
OCF growth 1Y13.25%
OCF growth 3Y5.44%
OCF growth 5Y6.11%