SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
USA - NYSE:SLG - US78440X8873 - REIT
48.38 USD
-1.45 (-2.91%)
48.4 USD
+0.02 (+0.04%)
We assign a fundamental rating of 2 out of 10 to SLG. SLG was compared to 128 industry peers in the Diversified REITs industry. SLG has a bad profitability rating. Also its financial health evaluation is rather negative. 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.
In the past year SLG had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of -0.34%, SLG is in line with its industry, outperforming 40.63% of the companies in the same industry.
SLG has a Return On Equity (-0.95%) which is comparable to the rest of the industry.
SLG has a Return On Invested Capital of 1.74%. This is in the lower half of the industry: SLG underperforms 70.31% of its industry peers.
SLG had an Average Return On Invested Capital over the past 3 years of 1.02%. This is below the industry average of 3.04%.
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
In the last couple of years the Profit Margin of SLG has declined.
SLG has a Operating Margin (23.43%) which is in line with its industry peers.
In the last couple of years the Operating Margin of SLG has declined.
SLG's Gross Margin of 49.32% is on the low side compared to the rest of the industry. SLG is outperformed by 78.13% of its industry peers.
SLG's Gross Margin has declined in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SLG is destroying value.
Compared to 1 year ago, SLG has more shares outstanding
The number of shares outstanding for SLG has been reduced compared to 5 years ago.
The debt/assets ratio for SLG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.30, we must say that SLG is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SLG (0.30) is worse than 60.94% of its industry peers.
SLG has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.32, SLG is in line with its industry, outperforming 49.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.3 |
ROIC/WACC0.26
WACC6.63%
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.
The Current ratio of SLG (0.49) is worse than 80.47% of its industry peers.
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.
The Quick ratio of SLG (0.49) is worse than 80.47% 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 94.00%, which is quite impressive.
The earnings per share for SLG have been decreasing by -52.38% on average. This is quite bad
SLG shows a decrease in Revenue. In the last year, the revenue decreased by -3.00%.
SLG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.48% yearly.
EPS 1Y (TTM)94%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%247.62%
Revenue 1Y (TTM)-3%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%7.2%
3.2 Future
The Earnings Per Share is expected to decrease by -95.78% on average over the next years. This is quite bad
SLG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.34% yearly.
EPS Next Y-996.37%
EPS Next 2Y-345.27%
EPS Next 3Y-177.93%
EPS Next 5Y-95.78%
Revenue Next Year5.75%
Revenue Next 2Y7.75%
Revenue Next 3Y7.27%
Revenue Next 5Y6.34%
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
SLG's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. SLG is more expensive than 82.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.45 |
4.3 Compensation for Growth
A cheap valuation may be justified as SLG's earnings are expected to decrease with -177.93% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-345.27%
EPS Next 3Y-177.93%
5. Dividend
5.1 Amount
SLG has a Yearly Dividend Yield of 6.15%, which is a nice return.
SLG's Dividend Yield is a higher than the industry average which is at 6.30.
SLG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.15% |
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-345.27%
EPS Next 3Y-177.93%
48.38
-1.45 (-2.91%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners93.05%
Inst Owner Change-0.65%
Ins Owners0.07%
Ins Owner Change-1.63%
Market Cap3.44B
Revenue(TTM)886.27M
Net Income(TTM)-38.00M
Analysts71.82
Price Target64.37 (33.05%)
Short Float %8.88%
Short Ratio6.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.15% |
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)-1.58%
PT rev (3m)-1.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.79%
EPS NY rev (1m)20.45%
EPS NY rev (3m)31.07%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)-1.1%
Revenue NY rev (3m)-2.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 3.59 | ||
| P/FCF | N/A | ||
| P/OCF | 25.25 | ||
| P/B | 0.86 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 18.45 |
EPS(TTM)-0.15
EYN/A
EPS(NY)-1.43
Fwd EYN/A
FCF(TTM)-3.04
FCFYN/A
OCF(TTM)1.92
OCFY3.96%
SpS13.48
BVpS56.13
TBVpS53.44
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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%
ROICexgc growth 3Y-5.93%
ROICexgc 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-Score4
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 11.42 | ||
| 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 | 0.3 |
F-Score4
WACC6.63%
ROIC/WACC0.26
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)94%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%247.62%
EPS Next Y-996.37%
EPS Next 2Y-345.27%
EPS Next 3Y-177.93%
EPS Next 5Y-95.78%
Revenue 1Y (TTM)-3%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%7.2%
Revenue Next Year5.75%
Revenue Next 2Y7.75%
Revenue Next 3Y7.27%
Revenue Next 5Y6.34%
EBIT growth 1Y198.78%
EBIT growth 3Y-8.17%
EBIT growth 5Y-19.36%
EBIT Next Year84.71%
EBIT Next 3Y18.53%
EBIT Next 5Y-5.08%
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%
SL GREEN REALTY CORP / SLG FAQ
What is the ChartMill fundamental rating of SL GREEN REALTY CORP (SLG) stock?
ChartMill assigns a fundamental rating of 2 / 10 to SLG.
Can you provide the valuation status for SL GREEN REALTY CORP?
ChartMill assigns a valuation rating of 0 / 10 to SL GREEN REALTY CORP (SLG). This can be considered as Overvalued.
What is the profitability of SLG stock?
SL GREEN REALTY CORP (SLG) has a profitability rating of 3 / 10.
Can you provide the financial health for SLG stock?
The financial health rating of SL GREEN REALTY CORP (SLG) is 1 / 10.
What is the earnings growth outlook for SL GREEN REALTY CORP?
The Earnings per Share (EPS) of SL GREEN REALTY CORP (SLG) is expected to decline by -996.37% in the next year.