EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis
USA - NYSE:ELS - US29472R1086 - REIT
60.65 USD
+0.25 (+0.41%)
60.65 USD
0 (0%)
Overall ELS gets a fundamental rating of 5 out of 10. We evaluated ELS against 20 industry peers in the Residential REITs industry. While ELS has a great profitability rating, there are quite some 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.
Each year in the past 5 years ELS has 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 90.00% of its industry peers.
ELS's Return On Equity of 21.24% is amongst the best of the industry. ELS outperforms 100.00% of its industry peers.
The Return On Invested Capital of ELS (7.37%) is better than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ELS is above the industry average of 2.61%.
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.
The Operating Margin of ELS (33.47%) is better than 100.00% of its industry peers.
ELS's Operating Margin has been stable in the last couple of years.
ELS has a Gross Margin of 52.77%. This is amonst the worse of the industry: ELS underperforms 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELS is destroying value.
Compared to 1 year ago, ELS has more shares outstanding
The number of shares outstanding for ELS has been increased compared to 5 years ago.
The debt/assets ratio for ELS has been reduced compared to a year ago.
2.2 Solvency
ELS has an Altman-Z score of 2.21. 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 (2.21) 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.
ELS has a Debt/Equity ratio of 1.88. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of ELS (1.88) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 9.29 | ||
| Altman-Z | 2.21 |
ROIC/WACC0.98
WACC7.55%
2.3 Liquidity
A Current Ratio of 0.03 indicates that ELS may have some problems paying its short term obligations.
ELS has a worse Current ratio (0.03) than 90.00% of its industry peers.
A Quick Ratio of 0.03 indicates that ELS may have some problems paying its short term obligations.
The Quick ratio of ELS (0.03) is worse than 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 small growth in Earnings Per Share. In the last year, the EPS has grown by 1.03%.
The Earnings Per Share has been growing slightly by 4.77% on average over the past years.
ELS shows a small growth in Revenue. In the last year, the Revenue has grown by 1.10%.
Measured over the past years, ELS shows a quite strong growth in Revenue. The Revenue has been growing by 8.11% on average per year.
EPS 1Y (TTM)1.03%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%13.64%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%1.63%
3.2 Future
The Earnings Per Share is expected to grow by 6.62% on average over the next years.
ELS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.16% yearly.
EPS Next Y0.29%
EPS Next 2Y3.76%
EPS Next 3Y5.1%
EPS Next 5Y6.62%
Revenue Next Year1.31%
Revenue Next 2Y2.61%
Revenue Next 3Y3.51%
Revenue Next 5Y4.16%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 30.94, the valuation of ELS can be described as expensive.
Based on the Price/Earnings ratio, ELS is valued a bit cheaper than the industry average as 65.00% of the companies are valued more expensively.
ELS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 28.89, ELS can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, ELS is valued cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.27. ELS is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.94 | ||
| Fwd PE | 28.89 |
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.
Based on the Price/Free Cash Flow ratio, ELS is valued a bit cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.63 | ||
| EV/EBITDA | 20.79 |
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)107.51
PEG (5Y)6.49
EPS Next 2Y3.76%
EPS Next 3Y5.1%
5. Dividend
5.1 Amount
ELS has a Yearly Dividend Yield of 3.39%.
Compared to an average industry Dividend Yield of 7.39, ELS's dividend is way lower than its industry peers. On top of this 85.00% of the companies listed in the same industry pay a better dividend than ELS!
ELS's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
5.2 History
The dividend of ELS is nicely growing with an annual growth rate of 8.99%!
ELS has paid a dividend for at least 10 years, which is a reliable track record.
ELS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.99%
Div Incr Years20
Div Non Decr Years20
5.3 Sustainability
ELS pays out 104.85% of its income as dividend. 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 2Y3.76%
EPS Next 3Y5.1%
60.65
+0.25 (+0.41%)
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 Change1.78%
Ins Owners0.69%
Ins Owner Change-0.4%
Market Cap11.75B
Revenue(TTM)1.52B
Net Income(TTM)367.70M
Analysts80
Price Target71.56 (17.99%)
Short Float %3.41%
Short Ratio3.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
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)-0.53%
PT rev (3m)-3.81%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)-0.46%
EPS NY rev (1m)-0.56%
EPS NY rev (3m)-1.71%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)3.01%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.94 | ||
| Fwd PE | 28.89 | ||
| P/S | 7.75 | ||
| P/FCF | 33.63 | ||
| P/OCF | 20.28 | ||
| P/B | 6.79 | ||
| P/tB | 6.79 | ||
| EV/EBITDA | 20.79 |
EPS(TTM)1.96
EY3.23%
EPS(NY)2.1
Fwd EY3.46%
FCF(TTM)1.8
FCFY2.97%
OCF(TTM)2.99
OCFY4.93%
SpS7.82
BVpS8.93
TBVpS8.93
PEG (NY)107.51
PEG (5Y)6.49
Graham Number19.85
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%
ROICexgc growth 3Y6.59%
ROICexgc 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 | 2.21 |
F-Score6
WACC7.55%
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)1.03%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%13.64%
EPS Next Y0.29%
EPS Next 2Y3.76%
EPS Next 3Y5.1%
EPS Next 5Y6.62%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%1.63%
Revenue Next Year1.31%
Revenue Next 2Y2.61%
Revenue Next 3Y3.51%
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%
EQUITY LIFESTYLE PROPERTIES / ELS FAQ
What is the fundamental rating for ELS stock?
ChartMill assigns a fundamental rating of 5 / 10 to ELS.
What is the valuation status for ELS stock?
ChartMill assigns a valuation rating of 3 / 10 to EQUITY LIFESTYLE PROPERTIES (ELS). This can be considered as Overvalued.
What is the profitability of ELS stock?
EQUITY LIFESTYLE PROPERTIES (ELS) has a profitability rating of 7 / 10.
What is the valuation of EQUITY LIFESTYLE PROPERTIES based on its PE and PB ratios?
The Price/Earnings (PE) ratio for EQUITY LIFESTYLE PROPERTIES (ELS) is 30.94 and the Price/Book (PB) ratio is 6.79.
Is the dividend of EQUITY LIFESTYLE PROPERTIES sustainable?
The dividend rating of EQUITY LIFESTYLE PROPERTIES (ELS) is 5 / 10 and the dividend payout ratio is 104.85%.