EMPIRE STATE REALTY TRUST-A (ESRT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ESRT - US2921041065 - REIT
6.46 USD
-0.05 (-0.77%)
6.49 USD
+0.03 (+0.46%)
We assign a fundamental rating of 4 out of 10 to ESRT. ESRT was compared to 127 industry peers in the Diversified REITs industry. ESRT has only an average score on both its financial health and profitability. ESRT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year ESRT was profitable.
ESRT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ESRT reported negative net income in multiple years.
ESRT 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 0.85%, ESRT is in line with its industry, outperforming 51.18% of the companies in the same industry.
ESRT has a Return On Equity (3.25%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 2.87%, ESRT is in line with its industry, outperforming 54.33% of the companies in the same industry.
ESRT had an Average Return On Invested Capital over the past 3 years of 2.75%. This is in line with the industry average of 3.06%.
The 3 year average ROIC (2.75%) for ESRT is below the current ROIC(2.87%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 3.25% | ||
| ROIC | 2.87% |
ROA(3y)1.03%
ROA(5y)0.49%
ROE(3y)4.33%
ROE(5y)2.08%
ROIC(3y)2.75%
ROIC(5y)2.24%
1.3 Margins
ESRT has a Profit Margin (4.55%) which is comparable to the rest of the industry.
ESRT's Profit Margin has declined in the last couple of years.
ESRT has a Operating Margin (18.68%) which is in line with its industry peers.
ESRT's Operating Margin has been stable in the last couple of years.
ESRT has a worse Gross Margin (54.04%) than 74.80% of its industry peers.
In the last couple of years the Gross Margin of ESRT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.68% | ||
| PM (TTM) | 4.55% | ||
| GM | 54.04% |
OM growth 3Y14.11%
OM growth 5Y-0.46%
PM growth 3YN/A
PM growth 5Y-1.77%
GM growth 3Y-0.96%
GM growth 5Y-0.19%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ESRT is destroying value.
The number of shares outstanding for ESRT has been increased compared to 1 year ago.
ESRT has less shares outstanding than it did 5 years ago.
ESRT has a worse debt/assets ratio than last year.
2.2 Solvency
ESRT has an Altman-Z score of 0.58. This is a bad value and indicates that ESRT is not financially healthy and even has some risk of bankruptcy.
ESRT has a Altman-Z score (0.58) which is in line with its industry peers.
ESRT has a Debt/Equity ratio of 1.92. This is a high value indicating a heavy dependency on external financing.
ESRT has a Debt to Equity ratio of 1.92. This is in the lower half of the industry: ESRT underperforms 68.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.58 |
ROIC/WACC0.48
WACC5.99%
2.3 Liquidity
A Current Ratio of 2.59 indicates that ESRT has no problem at all paying its short term obligations.
ESRT has a better Current ratio (2.59) than 88.98% of its industry peers.
ESRT has a Quick Ratio of 2.59. This indicates that ESRT is financially healthy and has no problem in meeting its short term obligations.
ESRT has a Quick ratio of 2.59. This is amongst the best in the industry. ESRT outperforms 88.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.59 | ||
| Quick Ratio | 2.59 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 37.50% over the past year.
ESRT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.83% yearly.
ESRT shows a small growth in Revenue. In the last year, the Revenue has grown by 0.45%.
ESRT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.98% yearly.
EPS 1Y (TTM)37.5%
EPS 3YN/A
EPS 5Y-8.83%
EPS Q2Q%187.5%
Revenue 1Y (TTM)0.45%
Revenue growth 3Y7.16%
Revenue growth 5Y0.98%
Sales Q2Q%-20.64%
3.2 Future
Based on estimates for the next years, ESRT will show a very negative growth in Earnings Per Share. The EPS will decrease by -37.27% on average per year.
The Revenue is expected to grow by 1.75% on average over the next years.
EPS Next Y-88.67%
EPS Next 2Y-68.83%
EPS Next 3Y-56.74%
EPS Next 5Y-37.27%
Revenue Next Year0.75%
Revenue Next 2Y1.81%
Revenue Next 3Y1.71%
Revenue Next 5Y1.75%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
ESRT is valuated cheaply with a Price/Earnings ratio of 7.34.
ESRT's Price/Earnings ratio is rather cheap when compared to the industry. ESRT is cheaper than 95.28% of the companies in the same industry.
When comparing the Price/Earnings ratio of ESRT to the average of the S&P500 Index (26.92), we can say ESRT is valued rather cheaply.
A Price/Forward Earnings ratio of 105.56 indicates a quite expensive valuation of ESRT.
ESRT's Price/Forward Earnings ratio is in line with the industry average.
ESRT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.34 | ||
| Fwd PE | 105.56 |
4.2 Price Multiples
90.55% of the companies in the same industry are more expensive than ESRT, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.02 |
4.3 Compensation for Growth
ESRT's earnings are expected to decrease with -56.74% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-68.83%
EPS Next 3Y-56.74%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.15%, ESRT has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.43, ESRT's dividend is way lower than its industry peers. On top of this 87.40% of the companies listed in the same industry pay a better dividend than ESRT!
Compared to an average S&P500 Dividend Yield of 2.00, ESRT has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.15% |
5.2 History
The dividend of ESRT decreases each year by -17.38%.
ESRT has been paying a dividend for at least 10 years, so it has a reliable track record.
ESRT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-17.38%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
79.65% of the earnings are spent on dividend by ESRT. This is not a sustainable payout ratio.
The Dividend Rate of ESRT has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP79.65%
EPS Next 2Y-68.83%
EPS Next 3Y-56.74%
6.46
-0.05 (-0.77%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.65%
Inst Owner Change3.69%
Ins Owners0.08%
Ins Owner Change0%
Market Cap1.10B
Revenue(TTM)766.65M
Net Income(TTM)34.89M
Analysts75
Price Target8.73 (35.14%)
Short Float %3.47%
Short Ratio3.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.15% |
Yearly Dividend0.17
Dividend Growth(5Y)-17.38%
DP79.65%
Div Incr Years0
Div Non Decr Years3
Ex-Date
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)-3.39%
PT rev (3m)-3.39%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.34 | ||
| Fwd PE | 105.56 | ||
| P/S | 1.43 | ||
| P/FCF | N/A | ||
| P/OCF | 4.15 | ||
| P/B | 1.02 | ||
| P/tB | 4.01 | ||
| EV/EBITDA | 9.02 |
EPS(TTM)0.88
EY13.62%
EPS(NY)0.06
Fwd EY0.95%
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)1.56
OCFY24.12%
SpS4.5
BVpS6.31
TBVpS1.61
PEG (NY)N/A
PEG (5Y)N/A
Graham Number11.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 3.25% | ||
| ROCE | 3.64% | ||
| ROIC | 2.87% | ||
| ROICexc | 2.99% | ||
| ROICexgc | 3.79% | ||
| OM | 18.68% | ||
| PM (TTM) | 4.55% | ||
| GM | 54.04% | ||
| FCFM | N/A |
ROA(3y)1.03%
ROA(5y)0.49%
ROE(3y)4.33%
ROE(5y)2.08%
ROIC(3y)2.75%
ROIC(5y)2.24%
ROICexc(3y)2.99%
ROICexc(5y)2.46%
ROICexgc(3y)3.81%
ROICexgc(5y)3.15%
ROCE(3y)3.48%
ROCE(5y)2.83%
ROICexgc growth 3Y18.9%
ROICexgc growth 5Y-2.68%
ROICexc growth 3Y19.87%
ROICexc growth 5Y-1.77%
OM growth 3Y14.11%
OM growth 5Y-0.46%
PM growth 3YN/A
PM growth 5Y-1.77%
GM growth 3Y-0.96%
GM growth 5Y-0.19%
F-Score6
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.18 | ||
| Cap/Depr | 140.72% | ||
| Cap/Sales | 34.79% | ||
| Interest Coverage | 1.49 | ||
| Cash Conversion | 79.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.59 | ||
| Quick Ratio | 2.59 | ||
| Altman-Z | 0.58 |
F-Score6
WACC5.99%
ROIC/WACC0.48
Cap/Depr(3y)133.09%
Cap/Depr(5y)115.91%
Cap/Sales(3y)34.64%
Cap/Sales(5y)32.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.5%
EPS 3YN/A
EPS 5Y-8.83%
EPS Q2Q%187.5%
EPS Next Y-88.67%
EPS Next 2Y-68.83%
EPS Next 3Y-56.74%
EPS Next 5Y-37.27%
Revenue 1Y (TTM)0.45%
Revenue growth 3Y7.16%
Revenue growth 5Y0.98%
Sales Q2Q%-20.64%
Revenue Next Year0.75%
Revenue Next 2Y1.81%
Revenue Next 3Y1.71%
Revenue Next 5Y1.75%
EBIT growth 1Y-8.53%
EBIT growth 3Y22.28%
EBIT growth 5Y0.51%
EBIT Next Year124.48%
EBIT Next 3Y34.61%
EBIT Next 5Y20.13%
FCF growth 1Y96.73%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.72%
OCF growth 3Y7.08%
OCF growth 5Y2.32%
EMPIRE STATE REALTY TRUST-A / ESRT FAQ
Can you provide the ChartMill fundamental rating for EMPIRE STATE REALTY TRUST-A?
ChartMill assigns a fundamental rating of 4 / 10 to ESRT.
What is the valuation status of EMPIRE STATE REALTY TRUST-A (ESRT) stock?
ChartMill assigns a valuation rating of 4 / 10 to EMPIRE STATE REALTY TRUST-A (ESRT). This can be considered as Fairly Valued.
How profitable is EMPIRE STATE REALTY TRUST-A (ESRT) stock?
EMPIRE STATE REALTY TRUST-A (ESRT) has a profitability rating of 4 / 10.
How financially healthy is EMPIRE STATE REALTY TRUST-A?
The financial health rating of EMPIRE STATE REALTY TRUST-A (ESRT) is 4 / 10.
What is the expected EPS growth for EMPIRE STATE REALTY TRUST-A (ESRT) stock?
The Earnings per Share (EPS) of EMPIRE STATE REALTY TRUST-A (ESRT) is expected to decline by -88.67% in the next year.