SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
NYSE:SLG - US78440X8873 - REIT
56.89 USD
+0.01 (+0.02%)
56.89 USD
0 (0%)
Taking everything into account, SLG scores 2 out of 10 in our fundamental rating. SLG was compared to 129 industry peers in the Diversified REITs industry. SLG may be in some trouble as it scores bad on both profitability and health. SLG does not seem to be growing, but still is valued expensively.
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.
The reported net income has been mixed in the past 5 years: SLG reported negative net income in multiple years.
SLG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SLG (-0.34%) is worse than 60.47% of its industry peers.
Looking at the Return On Equity, with a value of -0.95%, SLG is doing worse than 60.47% of the companies in the same industry.
SLG's Return On Invested Capital of 1.74% is on the low side compared to the rest of the industry. SLG is outperformed by 70.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SLG is below the industry average of 3.06%.
The last Return On Invested Capital (1.74%) for SLG is above the 3 year average (1.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.34% | ||
| ROE | -0.95% | ||
| ROIC | 1.74% |
ROA(3y)-2.28%
ROA(5y)0.02%
ROE(3y)-5.53%
ROE(5y)-0.18%
ROIC(3y)1.02%
ROIC(5y)1.22%
1.3 Margins
SLG's Profit Margin has declined in the last couple of years.
SLG has a Operating Margin of 23.43%. This is comparable to the rest of the industry: SLG outperforms 53.49% of its industry peers.
In the last couple of years the Operating Margin of SLG has declined.
SLG has a worse Gross Margin (49.32%) than 78.29% of its industry peers.
In the last couple of years the Gross Margin of SLG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.43% | ||
| PM (TTM) | N/A | ||
| GM | 49.32% |
OM growth 3Y-9.66%
OM growth 5Y-13.77%
PM growth 3Y-77.51%
PM growth 5Y-51%
GM growth 3Y-6.16%
GM growth 5Y-5.02%
2. Health
2.1 Basic Checks
SLG 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 SLG has been increased compared to 1 year ago.
Compared to 5 years ago, SLG has less shares outstanding
SLG has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.35, we must say that SLG is in the distress zone and has some risk of bankruptcy.
SLG has a worse Altman-Z score (0.35) than 61.24% of its industry peers.
SLG has a Debt/Equity ratio of 0.97. This is a neutral value indicating SLG is somewhat dependend on debt financing.
The Debt to Equity ratio of SLG (0.97) is better than 62.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.35 |
ROIC/WACC0.24
WACC7.17%
2.3 Liquidity
SLG has a Current Ratio of 0.49. This is a bad value and indicates that SLG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.49, SLG is not doing good in the industry: 80.62% of the companies in the same industry are doing better.
SLG has a Quick Ratio of 0.49. This is a bad value and indicates that SLG is not financially healthy enough and could expect problems in meeting its short term obligations.
SLG has a Quick ratio of 0.49. This is in the lower half of the industry: SLG underperforms 77.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
SLG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 74.91%, which is quite impressive.
SLG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -52.38% yearly.
SLG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.82%.
SLG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.48% yearly.
EPS 1Y (TTM)74.91%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%-625%
Revenue 1Y (TTM)8.82%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%-2.06%
3.2 Future
Based on estimates for the next years, SLG will show a very negative growth in Earnings Per Share. The EPS will decrease by -79.31% on average per year.
SLG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.34% yearly.
EPS Next Y-1466.02%
EPS Next 2Y-306.12%
EPS Next 3Y-173.57%
EPS Next 5Y-79.31%
Revenue Next Year8.89%
Revenue Next 2Y5.35%
Revenue Next 3Y5.18%
Revenue Next 5Y4.34%
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
SLG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SLG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
68.99% of the companies in the same industry are cheaper than SLG, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.66 |
4.3 Compensation for Growth
A cheap valuation may be justified as SLG's earnings are expected to decrease with -173.57% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-306.12%
EPS Next 3Y-173.57%
5. Dividend
5.1 Amount
SLG has a Yearly Dividend Yield of 5.64%, which is a nice return.
Compared to an average industry Dividend Yield of 6.31, SLG has a dividend in line with its industry peers.
SLG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.64% |
5.2 History
The dividend of SLG decreases each year by -3.64%.
SLG has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-3.64%
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.
The Dividend Rate of SLG has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-607.32%
EPS Next 2Y-306.12%
EPS Next 3Y-173.57%
56.89
+0.01 (+0.02%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners90.18%
Inst Owner Change1.08%
Ins Owners0.07%
Ins Owner Change-1.18%
Market Cap4.04B
Analysts68.57
Price Target65.09 (14.41%)
Short Float %9.39%
Short Ratio6.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.64% |
Yearly Dividend3.22
Dividend Growth(5Y)-3.64%
DP-607.32%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-54.85%
Min EPS beat(2)-143.33%
Max EPS beat(2)33.62%
EPS beat(4)3
Avg EPS beat(4)24.01%
Min EPS beat(4)-143.33%
Max EPS beat(4)147.67%
EPS beat(8)5
Avg EPS beat(8)-2.12%
EPS beat(12)6
Avg EPS beat(12)-844.92%
EPS beat(16)8
Avg EPS beat(16)-401.32%
Revenue beat(2)0
Avg Revenue beat(2)-6.79%
Min Revenue beat(2)-6.88%
Max Revenue beat(2)-6.71%
Revenue beat(4)1
Avg Revenue beat(4)12.5%
Min Revenue beat(4)-6.88%
Max Revenue beat(4)66.61%
Revenue beat(8)2
Avg Revenue beat(8)3.49%
Revenue beat(12)5
Avg Revenue beat(12)5.99%
Revenue beat(16)9
Avg Revenue beat(16)9.09%
PT rev (1m)0.1%
PT rev (3m)0.99%
EPS NQ rev (1m)-16.92%
EPS NQ rev (3m)64.32%
EPS NY rev (1m)-5.05%
EPS NY rev (3m)28.03%
Revenue NQ rev (1m)0.51%
Revenue NQ rev (3m)3.65%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)1.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.22 | ||
| P/FCF | N/A | ||
| P/OCF | 29.69 | ||
| P/B | 1.01 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 16.66 |
EPS(TTM)-0.67
EYN/A
EPS(NY)-1.16
Fwd EYN/A
FCF(TTM)-3.04
FCFYN/A
OCF(TTM)1.92
OCFY3.37%
SpS13.48
BVpS56.13
TBVpS53.45
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.34% | ||
| ROE | -0.95% | ||
| ROCE | 2.2% | ||
| ROIC | 1.74% | ||
| ROICexc | 1.77% | ||
| ROICexgc | 1.87% | ||
| OM | 23.43% | ||
| PM (TTM) | N/A | ||
| GM | 49.32% | ||
| FCFM | N/A |
ROA(3y)-2.28%
ROA(5y)0.02%
ROE(3y)-5.53%
ROE(5y)-0.18%
ROIC(3y)1.02%
ROIC(5y)1.22%
ROICexc(3y)1.04%
ROICexc(5y)1.25%
ROICexgc(3y)1.1%
ROICexgc(5y)1.31%
ROCE(3y)1.29%
ROCE(5y)1.54%
ROICexcg growth 3Y-5.93%
ROICexcg growth 5Y-14.54%
ROICexc growth 3Y-7.19%
ROICexc growth 5Y-15.22%
OM growth 3Y-9.66%
OM growth 5Y-13.77%
PM growth 3Y-77.51%
PM growth 5Y-51%
GM growth 3Y-6.16%
GM growth 5Y-5.02%
F-Score5
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.32 | ||
| Cap/Depr | 147.96% | ||
| Cap/Sales | 36.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 29.43% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 0.35 |
F-Score5
WACC7.17%
ROIC/WACC0.24
Cap/Depr(3y)121.42%
Cap/Depr(5y)146.22%
Cap/Sales(3y)30.68%
Cap/Sales(5y)39.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)74.91%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%-625%
EPS Next Y-1466.02%
EPS Next 2Y-306.12%
EPS Next 3Y-173.57%
EPS Next 5Y-79.31%
Revenue 1Y (TTM)8.82%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%-2.06%
Revenue Next Year8.89%
Revenue Next 2Y5.35%
Revenue Next 3Y5.18%
Revenue Next 5Y4.34%
EBIT growth 1Y198.78%
EBIT growth 3Y-8.17%
EBIT growth 5Y-19.36%
EBIT Next Year51.95%
EBIT Next 3Y16.52%
EBIT Next 5Y-5.62%
FCF growth 1Y-23.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-31.16%
OCF growth 3Y-20.3%
OCF growth 5Y-19.21%