EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ELS - US29472R1086 - REIT
61.79 USD
+0.38 (+0.62%)
61.79 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to ELS. ELS was compared to 20 industry peers in the Residential REITs industry. While ELS has a great profitability rating, there are quite some concerns on its financial health. ELS is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ELS had positive earnings in the past year.
In the past year ELS had a positive cash flow from operations.
In the past 5 years ELS has always been profitable.
Each year in the past 5 years ELS had a positive operating cash flow.
1.2 Ratios
ELS has a better Return On Assets (6.65%) than 90.00% of its industry peers.
Looking at the Return On Equity, with a value of 21.79%, ELS belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
ELS's Return On Invested Capital of 7.50% is amongst the best of the industry. ELS outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ELS is above the industry average of 2.59%.
The 3 year average ROIC (6.66%) for ELS is below the current ROIC(7.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.65% | ||
| ROE | 21.79% | ||
| ROIC | 7.5% |
ROA(3y)5.76%
ROA(5y)5.48%
ROE(3y)20.92%
ROE(5y)19.96%
ROIC(3y)6.66%
ROIC(5y)6.48%
1.3 Margins
ELS has a Profit Margin of 25.09%. This is in the better half of the industry: ELS outperforms 75.00% of its industry peers.
ELS's Profit Margin has declined in the last couple of years.
The Operating Margin of ELS (33.91%) is better than 100.00% of its industry peers.
In the last couple of years the Operating Margin of ELS has remained more or less at the same level.
The Gross Margin of ELS (52.99%) is worse than 85.00% of its industry peers.
In the last couple of years the Gross Margin of ELS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.91% | ||
| PM (TTM) | 25.09% | ||
| GM | 52.99% |
OM growth 3Y4.08%
OM growth 5Y0.27%
PM growth 3Y6.52%
PM growth 5Y-2.3%
GM growth 3Y1.58%
GM growth 5Y-0.14%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELS is destroying value.
Compared to 1 year ago, ELS has more shares outstanding
Compared to 5 years ago, ELS has more shares outstanding
ELS has a better debt/assets ratio than last year.
2.2 Solvency
ELS has an Altman-Z score of 2.23. This is not the best score and indicates that ELS is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of ELS (2.23) is better than 100.00% of its industry peers.
The Debt to FCF ratio of ELS is 9.81, which is on the high side as it means it would take ELS, 9.81 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.81, ELS belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
ELS has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.87, ELS is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | 9.81 | ||
| Altman-Z | 2.23 |
ROIC/WACC0.99
WACC7.61%
2.3 Liquidity
A Current Ratio of 0.04 indicates that ELS may have some problems paying its short term obligations.
With a Current ratio value of 0.04, ELS is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
ELS has a Quick Ratio of 0.04. This is a bad value and indicates that ELS is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.04, ELS is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 |
3. Growth
3.1 Past
ELS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.03%.
Measured over the past 5 years, ELS shows a small growth in Earnings Per Share. The EPS has been growing by 4.77% on average per year.
ELS shows a small growth in Revenue. In the last year, the Revenue has grown by 1.10%.
Measured over the past years, ELS shows a quite strong growth in Revenue. The Revenue has been growing by 8.11% on average per year.
EPS 1Y (TTM)1.03%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%13.64%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%1.63%
3.2 Future
The Earnings Per Share is expected to grow by 5.39% on average over the next years.
The Revenue is expected to grow by 3.91% on average over the next years.
EPS Next Y3.5%
EPS Next 2Y3.35%
EPS Next 3Y4.57%
EPS Next 5Y5.39%
Revenue Next Year1.04%
Revenue Next 2Y2.77%
Revenue Next 3Y2.88%
Revenue Next 5Y3.91%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 31.53, ELS can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as ELS.
ELS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.59.
Based on the Price/Forward Earnings ratio of 29.67, the valuation of ELS can be described as expensive.
Based on the Price/Forward Earnings ratio, ELS is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ELS to the average of the S&P500 Index (24.03), we can say ELS is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.53 | ||
| Fwd PE | 29.67 |
4.2 Price Multiples
ELS's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. ELS is more expensive than 85.00% of the companies in the same industry.
70.00% of the companies in the same industry are more expensive than ELS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.85 | ||
| EV/EBITDA | 20.81 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ELS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)9
PEG (5Y)6.61
EPS Next 2Y3.35%
EPS Next 3Y4.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.34%, ELS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 11.45, ELS's dividend is way lower than its industry peers. On top of this 90.00% of the companies listed in the same industry pay a better dividend than ELS!
Compared to an average S&P500 Dividend Yield of 1.87, ELS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
5.2 History
The dividend of ELS is nicely growing with an annual growth rate of 8.99%!
ELS has paid a dividend for at least 10 years, which is a reliable track record.
ELS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.99%
Div Incr Years20
Div Non Decr Years20
5.3 Sustainability
ELS pays out 103.47% of its income as dividend. This is not a sustainable payout ratio.
ELS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP103.47%
EPS Next 2Y3.35%
EPS Next 3Y4.57%
61.79
+0.38 (+0.62%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners105.79%
Inst Owner Change6.86%
Ins Owners0.67%
Ins Owner Change0%
Market Cap11.98B
Revenue(TTM)1.52B
Net Income(TTM)382.00M
Analysts80
Price TargetN/A
Short Float %4.4%
Short Ratio4.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
Yearly Dividend1.95
Dividend Growth(5Y)8.99%
DP103.47%
Div Incr Years20
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.14%
Min EPS beat(2)-6.67%
Max EPS beat(2)6.95%
EPS beat(4)3
Avg EPS beat(4)1.09%
Min EPS beat(4)-6.67%
Max EPS beat(4)6.95%
EPS beat(8)6
Avg EPS beat(8)6.34%
EPS beat(12)7
Avg EPS beat(12)4.88%
EPS beat(16)9
Avg EPS beat(16)4.61%
Revenue beat(2)0
Avg Revenue beat(2)-1.67%
Min Revenue beat(2)-2.33%
Max Revenue beat(2)-1.01%
Revenue beat(4)0
Avg Revenue beat(4)-2.22%
Min Revenue beat(4)-3.82%
Max Revenue beat(4)-1.01%
Revenue beat(8)3
Avg Revenue beat(8)-1.35%
Revenue beat(12)3
Avg Revenue beat(12)-1.3%
Revenue beat(16)7
Avg Revenue beat(16)2.06%
PT rev (1m)-0.18%
PT rev (3m)-0.71%
EPS NQ rev (1m)-0.34%
EPS NQ rev (3m)-1.83%
EPS NY rev (1m)-1.07%
EPS NY rev (3m)2.48%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)-1.47%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.53 | ||
| Fwd PE | 29.67 | ||
| P/S | 7.87 | ||
| P/FCF | 35.85 | ||
| P/OCF | 20.76 | ||
| P/B | 6.83 | ||
| P/tB | 6.83 | ||
| EV/EBITDA | 20.81 |
EPS(TTM)1.96
EY3.17%
EPS(NY)2.08
Fwd EY3.37%
FCF(TTM)1.72
FCFY2.79%
OCF(TTM)2.98
OCFY4.82%
SpS7.85
BVpS9.05
TBVpS9.05
PEG (NY)9
PEG (5Y)6.61
Graham Number19.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.65% | ||
| ROE | 21.79% | ||
| ROCE | 9.5% | ||
| ROIC | 7.5% | ||
| ROICexc | 7.56% | ||
| ROICexgc | 7.73% | ||
| OM | 33.91% | ||
| PM (TTM) | 25.09% | ||
| GM | 52.99% | ||
| FCFM | 21.95% |
ROA(3y)5.76%
ROA(5y)5.48%
ROE(3y)20.92%
ROE(5y)19.96%
ROIC(3y)6.66%
ROIC(5y)6.48%
ROICexc(3y)6.69%
ROICexc(5y)6.52%
ROICexgc(3y)6.86%
ROICexgc(5y)6.66%
ROCE(3y)8.44%
ROCE(5y)8.2%
ROICexgc growth 3Y6.59%
ROICexgc growth 5Y2.32%
ROICexc growth 3Y6.52%
ROICexc growth 5Y2.03%
OM growth 3Y4.08%
OM growth 5Y0.27%
PM growth 3Y6.52%
PM growth 5Y-2.3%
GM growth 3Y1.58%
GM growth 5Y-0.14%
F-Score6
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | 9.81 | ||
| Debt/EBITDA | 4.5 | ||
| Cap/Depr | 114.86% | ||
| Cap/Sales | 15.96% | ||
| Interest Coverage | 3.97 | ||
| Cash Conversion | 79.29% | ||
| Profit Quality | 87.46% | ||
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 | ||
| Altman-Z | 2.23 |
F-Score6
WACC7.61%
ROIC/WACC0.99
Cap/Depr(3y)153.33%
Cap/Depr(5y)227.34%
Cap/Sales(3y)21.7%
Cap/Sales(5y)32.72%
Profit Quality(3y)65.81%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.03%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%13.64%
EPS Next Y3.5%
EPS Next 2Y3.35%
EPS Next 3Y4.57%
EPS Next 5Y5.39%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%1.63%
Revenue Next Year1.04%
Revenue Next 2Y2.77%
Revenue Next 3Y2.88%
Revenue Next 5Y3.91%
EBIT growth 1Y8.7%
EBIT growth 3Y9.27%
EBIT growth 5Y8.4%
EBIT Next Year47.29%
EBIT Next 3Y17.19%
EBIT Next 5Y12.48%
FCF growth 1Y102.82%
FCF growth 3YN/A
FCF growth 5Y412.66%
OCF growth 1Y8.83%
OCF growth 3Y5.44%
OCF growth 5Y6.11%
EQUITY LIFESTYLE PROPERTIES / ELS FAQ
What is the fundamental rating for ELS stock?
ChartMill assigns a fundamental rating of 5 / 10 to ELS.
What is the valuation status for ELS stock?
ChartMill assigns a valuation rating of 3 / 10 to EQUITY LIFESTYLE PROPERTIES (ELS). This can be considered as Overvalued.
What is the profitability of ELS stock?
EQUITY LIFESTYLE PROPERTIES (ELS) has a profitability rating of 7 / 10.
What is the valuation of EQUITY LIFESTYLE PROPERTIES based on its PE and PB ratios?
The Price/Earnings (PE) ratio for EQUITY LIFESTYLE PROPERTIES (ELS) is 31.53 and the Price/Book (PB) ratio is 6.83.
Is the dividend of EQUITY LIFESTYLE PROPERTIES sustainable?
The dividend rating of EQUITY LIFESTYLE PROPERTIES (ELS) is 5 / 10 and the dividend payout ratio is 103.47%.