SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
USA - NYSE:SLG - US78440X8873 - REIT
55.17 USD
-1.69 (-2.97%)
55.17 USD
0 (0%)
Taking everything into account, SLG scores 2 out of 10 in our fundamental rating. SLG was compared to 130 industry peers in the Diversified REITs industry. Both the profitability and financial health of SLG have multiple concerns. SLG is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year SLG has reported negative net income.
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
SLG's Return On Assets of -0.34% is on the low side compared to the rest of the industry. SLG is outperformed by 60.00% of its industry peers.
The Return On Equity of SLG (-0.95%) is worse than 60.00% of its industry peers.
SLG has a worse Return On Invested Capital (1.74%) than 70.77% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SLG is below the industry average of 3.02%.
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 of 23.43%. This is comparable to the rest of the industry: SLG outperforms 53.08% of its industry peers.
SLG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 49.32%, SLG is doing worse than 78.46% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SLG is destroying value.
SLG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SLG has less shares outstanding
The debt/assets ratio for SLG has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.34, we must say that SLG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.34, SLG is not doing good in the industry: 60.77% of the companies in the same industry are doing better.
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 63.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.34 |
ROIC/WACC0.25
WACC6.81%
2.3 Liquidity
A Current Ratio of 0.49 indicates that SLG may have some problems paying its short term obligations.
SLG has a worse Current ratio (0.49) than 80.77% of its industry peers.
A Quick Ratio of 0.49 indicates that SLG may have some problems paying its short term obligations.
SLG's Quick ratio of 0.49 is on the low side compared to the rest of the industry. SLG is outperformed by 77.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 74.91% over the past year.
Measured over the past years, SLG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -52.38% on average per year.
SLG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.82%.
The Revenue has been decreasing by -6.48% on average over the past years.
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.
The Revenue is expected to grow by 4.34% on average over the next years.
EPS Next Y-1226.78%
EPS Next 2Y-280.36%
EPS Next 3Y-173.57%
EPS Next 5Y-79.31%
Revenue Next Year6.92%
Revenue Next 2Y5.43%
Revenue Next 3Y5.18%
Revenue Next 5Y4.34%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
66.92% 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 | 16.4 |
4.3 Compensation for Growth
SLG's earnings are expected to decrease with -173.57% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-280.36%
EPS Next 3Y-173.57%
5. Dividend
5.1 Amount
SLG has a Yearly Dividend Yield of 5.43%, which is a nice return.
SLG's Dividend Yield is comparable with the industry average which is at 7.00.
Compared to an average S&P500 Dividend Yield of 2.43, SLG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
5.2 History
The dividend of SLG decreases each year by -3.64%.
SLG has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-3.64%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SLG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
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-280.36%
EPS Next 3Y-173.57%
55.17
-1.69 (-2.97%)
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 Change0%
Ins Owners0.07%
Ins Owner Change-1.63%
Market Cap3.92B
Analysts70.48
Price Target65.41 (18.56%)
Short Float %9.58%
Short Ratio7.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
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)0.49%
PT rev (3m)0.79%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.52%
EPS NY rev (1m)17.51%
EPS NY rev (3m)13.35%
Revenue NQ rev (1m)-2.41%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)-1.48%
Revenue NY rev (3m)-2.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.09 | ||
| P/FCF | N/A | ||
| P/OCF | 28.79 | ||
| P/B | 0.98 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 16.4 |
EPS(TTM)-0.67
EYN/A
EPS(NY)-1
Fwd EYN/A
FCF(TTM)-3.04
FCFYN/A
OCF(TTM)1.92
OCFY3.47%
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 | 0.34 |
F-Score5
WACC6.81%
ROIC/WACC0.25
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-1226.78%
EPS Next 2Y-280.36%
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 Year6.92%
Revenue Next 2Y5.43%
Revenue Next 3Y5.18%
Revenue Next 5Y4.34%
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-5.62%
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%