EMPIRE STATE REALTY OP LP-ES (ESBA) Stock Fundamental Analysis
USA - NYSEARCA:ESBA - US2921021000
7.45 USD
+0.39 (+5.52%)
We assign a fundamental rating of 4 out of 10 to ESBA. ESBA was compared to 127 industry peers in the Diversified REITs industry. ESBA has only an average score on both its financial health and profitability. ESBA has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year ESBA was profitable.
ESBA had a positive operating cash flow in the past year.
In multiple years ESBA reported negative net income over the last 5 years.
ESBA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.90%, ESBA is in the better half of the industry, outperforming 62.99% of the companies in the same industry.
ESBA has a Return On Equity of 10.98%. This is amongst the best in the industry. ESBA outperforms 92.13% of its industry peers.
ESBA's Return On Invested Capital of 2.83% is in line compared to the rest of the industry. ESBA outperforms 54.33% of its industry peers.
ESBA had an Average Return On Invested Capital over the past 3 years of 2.32%. This is in line with the industry average of 3.07%.
The 3 year average ROIC (2.32%) for ESBA is below the current ROIC(2.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 10.98% | ||
| ROIC | 2.83% |
ROA(3y)1.01%
ROA(5y)0.92%
ROE(3y)5.78%
ROE(5y)5.14%
ROIC(3y)2.32%
ROIC(5y)2.29%
1.3 Margins
With a decent Profit Margin value of 10.84%, ESBA is doing good in the industry, outperforming 60.63% of the companies in the same industry.
In the last couple of years the Profit Margin of ESBA has declined.
With a Operating Margin value of 19.84%, ESBA perfoms like the industry average, outperforming 47.24% of the companies in the same industry.
ESBA's Operating Margin has declined in the last couple of years.
ESBA's Gross Margin of 54.16% is on the low side compared to the rest of the industry. ESBA is outperformed by 74.80% of its industry peers.
ESBA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.84% | ||
| PM (TTM) | 10.84% | ||
| GM | 54.16% |
OM growth 3Y23.05%
OM growth 5Y-5.33%
PM growth 3YN/A
PM growth 5Y-7.53%
GM growth 3Y1.23%
GM growth 5Y-0.78%
2. Health
2.1 Basic Checks
ESBA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ESBA has been reduced compared to 1 year ago.
The number of shares outstanding for ESBA has been reduced compared to 5 years ago.
The debt/assets ratio for ESBA has been reduced compared to a year ago.
2.2 Solvency
ESBA has a debt to FCF ratio of 24.05. This is a negative value and a sign of low solvency as ESBA would need 24.05 years to pay back of all of its debts.
ESBA's Debt to FCF ratio of 24.05 is fine compared to the rest of the industry. ESBA outperforms 72.44% of its industry peers.
ESBA has a Debt/Equity ratio of 3.07. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 3.07, ESBA is doing worse than 80.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 24.05 | ||
| Altman-Z | N/A |
ROIC/WACC0.48
WACC5.92%
2.3 Liquidity
A Current Ratio of 5.01 indicates that ESBA has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.01, ESBA belongs to the top of the industry, outperforming 96.85% of the companies in the same industry.
A Quick Ratio of 5.01 indicates that ESBA has no problem at all paying its short term obligations.
ESBA has a Quick ratio of 5.01. This is amongst the best in the industry. ESBA outperforms 96.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.01 | ||
| Quick Ratio | 5.01 |
3. Growth
3.1 Past
ESBA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.45%, which is quite impressive.
The Earnings Per Share has been decreasing by -5.00% on average over the past years.
The Revenue has been growing slightly by 1.72% in the past year.
The Revenue has been growing slightly by 0.22% on average over the past years.
EPS 1Y (TTM)37.45%
EPS 3YN/A
EPS 5Y-5%
EPS Q2Q%-28.05%
Revenue 1Y (TTM)1.72%
Revenue growth 3Y6.68%
Revenue growth 5Y0.22%
Sales Q2Q%6.4%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 24.83, the valuation of ESBA can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ESBA indicates a somewhat cheap valuation: ESBA is cheaper than 72.44% of the companies listed in the same industry.
ESBA is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.83 | ||
| Fwd PE | N/A |
4.2 Price Multiples
95.28% of the companies in the same industry are more expensive than ESBA, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ESBA indicates a rather cheap valuation: ESBA is cheaper than 94.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.63 | ||
| EV/EBITDA | 7.89 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.35%, ESBA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.31, ESBA's dividend is way lower than its industry peers. On top of this 89.76% of the companies listed in the same industry pay a better dividend than ESBA!
Compared to an average S&P500 Dividend Yield of 2.37, ESBA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
5.2 History
ESBA has paid a dividend for at least 10 years, which is a reliable track record.
ESBA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
51.56% of the earnings are spent on dividend by ESBA. This is a bit on the high side, but may be sustainable.
DP51.56%
EPS Next 2YN/A
EPS Next 3YN/A
NYSEARCA:ESBA (11/7/2025, 8:04:00 PM)
7.45
+0.39 (+5.52%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner Change-1.76%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap803.85M
Revenue(TTM)739.57M
Net Income(TTM)80.14M
Analysts0
Price TargetN/A
Short Float %0.02%
Short Ratio0.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
Yearly Dividend0.38
Dividend Growth(5Y)N/A
DP51.56%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.83 | ||
| Fwd PE | N/A | ||
| P/S | 1.09 | ||
| P/FCF | 8.63 | ||
| P/OCF | 3.46 | ||
| P/B | 1.1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.89 |
EPS(TTM)0.3
EY4.03%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.86
FCFY11.59%
OCF(TTM)2.15
OCFY28.92%
SpS6.85
BVpS6.77
TBVpS-0.77
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 10.98% | ||
| ROCE | 3.59% | ||
| ROIC | 2.83% | ||
| ROICexc | 3.1% | ||
| ROICexgc | 3.95% | ||
| OM | 19.84% | ||
| PM (TTM) | 10.84% | ||
| GM | 54.16% | ||
| FCFM | 12.6% |
ROA(3y)1.01%
ROA(5y)0.92%
ROE(3y)5.78%
ROE(5y)5.14%
ROIC(3y)2.32%
ROIC(5y)2.29%
ROICexc(3y)2.53%
ROICexc(5y)2.5%
ROICexgc(3y)3.23%
ROICexgc(5y)3.23%
ROCE(3y)2.94%
ROCE(5y)2.9%
ROICexgc growth 3Y27.14%
ROICexgc growth 5Y-4.6%
ROICexc growth 3Y28.34%
ROICexc growth 5Y-4.52%
OM growth 3Y23.05%
OM growth 5Y-5.33%
PM growth 3YN/A
PM growth 5Y-7.53%
GM growth 3Y1.23%
GM growth 5Y-0.78%
F-Score8
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 24.05 | ||
| Debt/EBITDA | 6.66 | ||
| Cap/Depr | 73.36% | ||
| Cap/Sales | 18.84% | ||
| Interest Coverage | 1.59 | ||
| Cash Conversion | 69.07% | ||
| Profit Quality | 116.25% | ||
| Current Ratio | 5.01 | ||
| Quick Ratio | 5.01 | ||
| Altman-Z | N/A |
F-Score8
WACC5.92%
ROIC/WACC0.48
Cap/Depr(3y)59.56%
Cap/Depr(5y)78.28%
Cap/Sales(3y)17.15%
Cap/Sales(5y)21.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.45%
EPS 3YN/A
EPS 5Y-5%
EPS Q2Q%-28.05%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.72%
Revenue growth 3Y6.68%
Revenue growth 5Y0.22%
Sales Q2Q%6.4%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y15.49%
EBIT growth 3Y31.26%
EBIT growth 5Y-5.13%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.73%
FCF growth 3Y33.48%
FCF growth 5Y20.95%
OCF growth 1Y10.1%
OCF growth 3Y8.45%
OCF growth 5Y-3.58%
EMPIRE STATE REALTY OP LP-ES / ESBA FAQ
What is the fundamental rating for ESBA stock?
ChartMill assigns a fundamental rating of 4 / 10 to ESBA.
What is the valuation status of EMPIRE STATE REALTY OP LP-ES (ESBA) stock?
ChartMill assigns a valuation rating of 3 / 10 to EMPIRE STATE REALTY OP LP-ES (ESBA). This can be considered as Overvalued.
How profitable is EMPIRE STATE REALTY OP LP-ES (ESBA) stock?
EMPIRE STATE REALTY OP LP-ES (ESBA) has a profitability rating of 5 / 10.
What is the financial health of EMPIRE STATE REALTY OP LP-ES (ESBA) stock?
The financial health rating of EMPIRE STATE REALTY OP LP-ES (ESBA) is 5 / 10.
Is the dividend of EMPIRE STATE REALTY OP LP-ES sustainable?
The dividend rating of EMPIRE STATE REALTY OP LP-ES (ESBA) is 3 / 10 and the dividend payout ratio is 51.56%.