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DOUGLAS EMMETT INC (DEI) Stock Fundamental Analysis

NYSE:DEI - New York Stock Exchange, Inc. - US25960P1093 - REIT - Currency: USD

16.11  -0.41 (-2.48%)

After market: 16.11 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to DEI. DEI was compared to 129 industry peers in the Diversified REITs industry. DEI scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. DEI has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year DEI was profitable.
In the past year DEI had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: DEI reported negative net income in multiple years.
Of the past 5 years DEI 4 years had a positive operating cash flow.
DEI Yearly Net Income VS EBIT VS OCF VS FCFDEI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -500M -1B

1.2 Ratios

Looking at the Return On Assets, with a value of -0.18%, DEI is doing worse than 64.29% of the companies in the same industry.
DEI's Return On Equity of -0.83% is on the low side compared to the rest of the industry. DEI is outperformed by 64.29% of its industry peers.
DEI's Return On Invested Capital of 1.62% is on the low side compared to the rest of the industry. DEI is outperformed by 76.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DEI is in line with the industry average of 3.11%.
Industry RankSector Rank
ROA -0.18%
ROE -0.83%
ROIC 1.62%
ROA(3y)0.41%
ROA(5y)1.13%
ROE(3y)1.48%
ROE(5y)3.97%
ROIC(3y)1.66%
ROIC(5y)1.7%
DEI Yearly ROA, ROE, ROICDEI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10

1.3 Margins

DEI has a Operating Margin (18.95%) which is comparable to the rest of the industry.
DEI's Operating Margin has declined in the last couple of years.
The Gross Margin of DEI (64.92%) is worse than 62.70% of its industry peers.
In the last couple of years the Gross Margin of DEI has remained more or less at the same level.
Industry RankSector Rank
OM 18.95%
PM (TTM) N/A
GM 64.92%
OM growth 3Y-6.76%
OM growth 5Y-12.5%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.6%
GM growth 5Y-1.05%
DEI Yearly Profit, Operating, Gross MarginsDEI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60

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5

2. Health

2.1 Basic Checks

DEI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
DEI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DEI Yearly Shares OutstandingDEI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
DEI Yearly Total Debt VS Total AssetsDEI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

DEI has an Altman-Z score of 0.26. This is a bad value and indicates that DEI is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.26, DEI is not doing good in the industry: 69.84% of the companies in the same industry are doing better.
DEI has a debt to FCF ratio of 24.39. This is a negative value and a sign of low solvency as DEI would need 24.39 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 24.39, DEI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
A Debt/Equity ratio of 2.64 is on the high side and indicates that DEI has dependencies on debt financing.
The Debt to Equity ratio of DEI (2.64) is worse than 81.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.64
Debt/FCF 24.39
Altman-Z 0.26
ROIC/WACC0.27
WACC6.12%
DEI Yearly LT Debt VS Equity VS FCFDEI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B

2.3 Liquidity

A Current Ratio of 3.10 indicates that DEI has no problem at all paying its short term obligations.
DEI has a Current ratio of 3.10. This is amongst the best in the industry. DEI outperforms 86.51% of its industry peers.
A Quick Ratio of 3.10 indicates that DEI has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.10, DEI belongs to the best of the industry, outperforming 86.51% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.1
Quick Ratio 3.1
DEI Yearly Current Assets VS Current LiabilitesDEI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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2

3. Growth

3.1 Past

DEI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 150.00%, which is quite impressive.
Measured over the past years, DEI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -42.57% on average per year.
EPS 1Y (TTM)150%
EPS 3Y-20.63%
EPS 5Y-42.57%
EPS Q2Q%95.83%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-5.52%

3.2 Future

DEI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -78.12% yearly.
The Revenue is expected to grow by 3.71% on average over the next years.
EPS Next Y-208.77%
EPS Next 2Y-68.19%
EPS Next 3Y-78.12%
EPS Next 5YN/A
Revenue Next Year-0.53%
Revenue Next 2Y0.63%
Revenue Next 3Y3.71%
Revenue Next 5YN/A

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.
DEI Yearly Revenue VS EstimatesDEI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
DEI Yearly EPS VS EstimatesDEI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1 1.5 2

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 123.92, DEI can be considered very expensive at the moment.
DEI's Price/Earnings ratio is a bit more expensive when compared to the industry. DEI is more expensive than 65.87% of the companies in the same industry.
DEI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.63.
The Forward Price/Earnings Ratio is negative for DEI. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 123.92
Fwd PE N/A
DEI Price Earnings VS Forward Price EarningsDEI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 100 -100

4.2 Price Multiples

63.49% of the companies in the same industry are more expensive than DEI, based on the Enterprise Value to EBITDA ratio.
86.51% of the companies in the same industry are more expensive than DEI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.93
EV/EBITDA 12.87
DEI Per share dataDEI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

DEI's earnings are expected to decrease with -78.12% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-68.19%
EPS Next 3Y-78.12%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.44%, DEI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 18.48, DEI has a dividend in line with its industry peers.
DEI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
Industry RankSector Rank
Dividend Yield 4.44%

5.2 History

The dividend of DEI decreases each year by -5.39%.
DEI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-5.39%
Div Incr Years0
Div Non Decr Years0
DEI Yearly Dividends per shareDEI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

The earnings of DEI are negative and hence is the payout ratio. DEI will probably not be able to sustain this dividend level.
The Dividend Rate of DEI has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-728.74%
EPS Next 2Y-68.19%
EPS Next 3Y-78.12%
DEI Yearly Income VS Free CF VS DividendDEI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -500M -1B

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DOUGLAS EMMETT INC

NYSE:DEI (2/21/2025, 8:13:37 PM)

After market: 16.11 0 (0%)

16.11

-0.41 (-2.48%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-04 2025-02-04/amc
Earnings (Next)05-05 2025-05-05/amc
Inst Owners109.17%
Inst Owner Change-2.28%
Ins Owners4.44%
Ins Owner Change0%
Market Cap2.70B
Analysts67.06
Price Target18.7 (16.08%)
Short Float %12.98%
Short Ratio11.71
Dividend
Industry RankSector Rank
Dividend Yield 4.44%
Yearly Dividend0.76
Dividend Growth(5Y)-5.39%
DP-728.74%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)275.83%
Min EPS beat(2)154.63%
Max EPS beat(2)397.03%
EPS beat(4)3
Avg EPS beat(4)134.76%
Min EPS beat(4)-150.13%
Max EPS beat(4)397.03%
EPS beat(8)5
Avg EPS beat(8)50.6%
EPS beat(12)7
Avg EPS beat(12)29.4%
EPS beat(16)10
Avg EPS beat(16)56.14%
Revenue beat(2)1
Avg Revenue beat(2)0.07%
Min Revenue beat(2)-1.59%
Max Revenue beat(2)1.73%
Revenue beat(4)3
Avg Revenue beat(4)0.84%
Min Revenue beat(4)-1.59%
Max Revenue beat(4)1.73%
Revenue beat(8)4
Avg Revenue beat(8)-0.05%
Revenue beat(12)6
Avg Revenue beat(12)-0.04%
Revenue beat(16)8
Avg Revenue beat(16)0.19%
PT rev (1m)-0.09%
PT rev (3m)21.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.24%
EPS NY rev (1m)12.5%
EPS NY rev (3m)63.64%
Revenue NQ rev (1m)2.06%
Revenue NQ rev (3m)2.06%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)0.64%
Valuation
Industry RankSector Rank
PE 123.92
Fwd PE N/A
P/S 2.7
P/FCF 11.93
P/OCF 6.28
P/B 1.29
P/tB 1.29
EV/EBITDA 12.87
EPS(TTM)0.13
EY0.81%
EPS(NY)-0.14
Fwd EYN/A
FCF(TTM)1.35
FCFY8.38%
OCF(TTM)2.56
OCFY15.92%
SpS5.98
BVpS12.48
TBVpS12.45
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.18%
ROE -0.83%
ROCE 2.05%
ROIC 1.62%
ROICexc 1.72%
ROICexgc 1.74%
OM 18.95%
PM (TTM) N/A
GM 64.92%
FCFM 22.59%
ROA(3y)0.41%
ROA(5y)1.13%
ROE(3y)1.48%
ROE(5y)3.97%
ROIC(3y)1.66%
ROIC(5y)1.7%
ROICexc(3y)1.73%
ROICexc(5y)1.75%
ROICexgc(3y)1.76%
ROICexgc(5y)1.77%
ROCE(3y)2.1%
ROCE(5y)2.15%
ROICexcg growth 3Y-2.08%
ROICexcg growth 5Y-11.86%
ROICexc growth 3Y-2.71%
ROICexc growth 5Y-12.01%
OM growth 3Y-6.76%
OM growth 5Y-12.5%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.6%
GM growth 5Y-1.05%
F-Score5
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 2.64
Debt/FCF 24.39
Debt/EBITDA 9.17
Cap/Depr 49.39%
Cap/Sales 20.32%
Interest Coverage 0.88
Cash Conversion 71.41%
Profit Quality N/A
Current Ratio 3.1
Quick Ratio 3.1
Altman-Z 0.26
F-Score5
WACC6.12%
ROIC/WACC0.27
Cap/Depr(3y)93.87%
Cap/Depr(5y)105.54%
Cap/Sales(3y)37.25%
Cap/Sales(5y)41.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)150%
EPS 3Y-20.63%
EPS 5Y-42.57%
EPS Q2Q%95.83%
EPS Next Y-208.77%
EPS Next 2Y-68.19%
EPS Next 3Y-78.12%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-5.52%
Revenue Next Year-0.53%
Revenue Next 2Y0.63%
Revenue Next 3Y3.71%
Revenue Next 5YN/A
EBIT growth 1Y3.83%
EBIT growth 3Y-2.46%
EBIT growth 5Y-9.9%
EBIT Next Year297.02%
EBIT Next 3Y58.32%
EBIT Next 5Y44.2%
FCF growth 1Y419.65%
FCF growth 3Y16.99%
FCF growth 5Y1.14%
OCF growth 1Y-12.21%
OCF growth 3Y0.53%
OCF growth 5Y-0.28%