SL GREEN REALTY CORP (SLG)
US78440X8873 - REIT
Taking everything into account, SLG scores 2 out of 10 in our fundamental rating. SLG was compared to 126 industry peers in the Diversified REITs industry. SLG has a bad profitability rating. Also its financial health evaluation is rather negative. SLG is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
SLG had negative earnings in the past year.
SLG had a positive operating cash flow in the past year.
In multiple years SLG reported negative net income over the last 5 years.
SLG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SLG (-6.11%) is worse than 95.93% of its industry peers.
SLG has a Return On Equity of -14.73%. This is amonst the worse of the industry: SLG underperforms 90.24% of its industry peers.
SLG has a worse Return On Invested Capital (0.64%) than 86.99% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SLG is in line with the industry average of 2.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.11% | ||
| ROE | -14.73% | ||
| ROIC | 0.64% |
ROA(3y)-0.99%
ROA(5y)0.41%
ROE(3y)-2.67%
ROE(5y)0.68%
ROIC(3y)1.11%
ROIC(5y)1.52%
1.3 Margins
SLG's Operating Margin of 7.48% is on the low side compared to the rest of the industry. SLG is outperformed by 85.37% of its industry peers.
SLG's Operating Margin has declined in the last couple of years.
SLG's Gross Margin of 47.67% is on the low side compared to the rest of the industry. SLG is outperformed by 83.74% of its industry peers.
In the last couple of years the Gross Margin of SLG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.48% | ||
| PM (TTM) | N/A | ||
| GM | 47.67% |
OM growth 3Y-29.3%
OM growth 5Y-25.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.92%
GM growth 5Y-5.56%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SLG is destroying value.
SLG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for SLG has been reduced compared to 5 years ago.
Compared to 1 year ago, SLG has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.39, we must say that SLG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.39, SLG is not doing good in the industry: 61.79% of the companies in the same industry are doing better.
SLG has a Debt/Equity ratio of 0.91. This is a neutral value indicating SLG is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.91, SLG is doing good in the industry, outperforming 60.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.39 |
ROIC/WACC0.09
WACC7.31%
2.3 Liquidity
A Current Ratio of 0.50 indicates that SLG may have some problems paying its short term obligations.
SLG has a worse Current ratio (0.50) than 84.55% of its industry peers.
A Quick Ratio of 0.50 indicates that SLG may have some problems paying its short term obligations.
With a Quick ratio value of 0.50, SLG is not doing good in the industry: 81.30% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
The earnings per share for SLG have decreased strongly by -212.08% in the last year.
SLG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.52%.
Measured over the past years, SLG shows a decrease in Revenue. The Revenue has been decreasing by -5.73% on average per year.
EPS 1Y (TTM)-212.08%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-142.57%
Revenue 1Y (TTM)10.52%
Revenue growth 3Y-4.61%
Revenue growth 5Y-5.73%
Revenue growth Q2Q31.55%
3.2 Future
The Earnings Per Share is expected to grow by 12.29% on average over the next years. This is quite good.
The Revenue is expected to decrease by -2.84% on average over the next years.
EPS Next Y72.56%
EPS Next 2Y27.84%
EPS Next 3Y20.21%
EPS Next 5Y12.29%
Revenue Next Year-11.95%
Revenue Next 2Y-6%
Revenue Next 3Y-2.84%
Revenue Next 5YN/A
3.3 Evolution
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
The Price/Earnings Ratio is negative for SLG. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SLG. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
SLG's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. SLG is more expensive than 86.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.85 |
4.3 Compensation for Growth
A more expensive valuation may be justified as SLG's earnings are expected to grow with 20.21% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.84%
EPS Next 3Y20.21%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.72%, SLG is a good candidate for dividend investing.
SLG's Dividend Yield is comparable with the industry average which is at 6.12.
SLG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.72% |
5.2 History
The dividend of SLG decreases each year by -0.47%.
SLG has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-0.47%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of SLG are negative and hence is the payout ratio. SLG will probably not be able to sustain this dividend level.
DP-39.67%
EPS Next 2Y27.84%
EPS Next 3Y20.21%
SL GREEN REALTY CORP
NYSE:SLG (4/25/2024, 5:40:00 PM)
After market: 50.87 -0.01 (-0.02%)50.88
-1.28 (-2.45%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.30B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.72% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.11% | ||
| ROE | -14.73% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.48% | ||
| PM (TTM) | N/A | ||
| GM | 47.67% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-212.08%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y72.56%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.52%
Revenue growth 3Y-4.61%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y