EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis
USA - NYSE:ELS - US29472R1086 - REIT
61.89 USD
+0.53 (+0.86%)
61.89 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. ELS has an excellent profitability rating, but there are concerns on its financial health. ELS is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ELS had positive earnings in the past year.
ELS had a positive operating cash flow in the past year.
Each year in the past 5 years ELS has been profitable.
In the past 5 years ELS always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 6.65%, ELS belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
The Return On Equity of ELS (21.79%) is better than 95.00% of its industry peers.
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 last Return On Invested Capital (7.50%) for ELS is above the 3 year average (6.66%), which is a sign of increasing profitability.
| 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's Profit Margin of 25.09% is fine compared to the rest of the industry. ELS outperforms 75.00% of its industry peers.
In the last couple of years the Profit Margin of ELS has declined.
ELS has a Operating Margin of 33.91%. This is amongst the best in the industry. ELS outperforms 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.
ELS has a worse Gross Margin (52.99%) than 85.00% of its industry peers.
ELS's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELS is destroying value.
The number of shares outstanding for ELS has been increased compared to 1 year ago.
ELS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ELS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.23 indicates that ELS is not a great score, but indicates only limited risk for bankruptcy at the moment.
ELS has a Altman-Z score of 2.23. This is amongst the best in the industry. ELS outperforms 100.00% of its industry peers.
ELS has a debt to FCF ratio of 9.81. This is a negative value and a sign of low solvency as ELS would need 9.81 years to pay back of all of its debts.
ELS's Debt to FCF ratio of 9.81 is amongst the best of the industry. ELS outperforms 90.00% of its industry peers.
ELS has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
ELS has a worse Debt to Equity ratio (1.87) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | 9.81 | ||
| Altman-Z | 2.23 |
ROIC/WACC0.99
WACC7.57%
2.3 Liquidity
ELS has a Current 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.
Looking at the Current ratio, with a value of 0.04, ELS is doing worse than 90.00% of the companies in the same industry.
A Quick Ratio of 0.04 indicates that ELS may have some problems paying its short term obligations.
ELS's Quick ratio of 0.04 is on the low side compared to the rest of the industry. ELS is outperformed by 85.00% of its industry peers.
| 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%.
ELS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.77% yearly.
Looking at the last year, ELS shows a small growth in Revenue. The Revenue has grown by 1.10% in the last year.
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.
Based on estimates for the next years, ELS will show a small growth in Revenue. The Revenue will grow by 3.96% on average per year.
EPS Next Y4.63%
EPS Next 2Y3.67%
EPS Next 3Y4.64%
EPS Next 5Y5.39%
Revenue Next Year1.17%
Revenue Next 2Y2.83%
Revenue Next 3Y2.69%
Revenue Next 5Y3.96%
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 stable.
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
ELS is valuated quite expensively with a Price/Earnings ratio of 31.58.
ELS's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.07, ELS is valued a bit more expensive.
The Price/Forward Earnings ratio is 29.53, which means the current valuation is very expensive for ELS.
95.00% of the companies in the same industry are more expensive than ELS, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ELS to the average of the S&P500 Index (34.08), we can say ELS is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.58 | ||
| Fwd PE | 29.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELS is valued more expensive than 85.00% of the companies in the same industry.
ELS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ELS is cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.9 | ||
| EV/EBITDA | 20.79 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of ELS may justify a higher PE ratio.
PEG (NY)6.83
PEG (5Y)6.63
EPS Next 2Y3.67%
EPS Next 3Y4.64%
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 7.21, ELS's dividend is way lower than its industry peers. On top of this 85.00% of the companies listed in the same industry pay a better dividend than ELS!
Compared to an average S&P500 Dividend Yield of 2.44, ELS pays a bit more dividend than the S&P500 average.
| 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 been paying a dividend for at least 10 years, so it has a reliable track record.
ELS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.99%
Div Incr Years20
Div Non Decr Years20
5.3 Sustainability
103.47% of the earnings are spent on dividend by ELS. 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 2Y3.67%
EPS Next 3Y4.64%
61.89
+0.53 (+0.86%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.05%
Inst Owner Change6.77%
Ins Owners0.69%
Ins Owner Change0%
Market Cap11.99B
Revenue(TTM)1.52B
Net Income(TTM)382.00M
Analysts80
Price Target71.56 (15.62%)
Short Float %4.08%
Short Ratio3.88
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)-0.53%
PT rev (3m)-1.49%
EPS NQ rev (1m)-1.5%
EPS NQ rev (3m)-2.68%
EPS NY rev (1m)3.74%
EPS NY rev (3m)2.54%
Revenue NQ rev (1m)-1.26%
Revenue NQ rev (3m)-1.45%
Revenue NY rev (1m)-0.39%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.58 | ||
| Fwd PE | 29.53 | ||
| P/S | 7.88 | ||
| P/FCF | 35.9 | ||
| P/OCF | 20.79 | ||
| P/B | 6.84 | ||
| P/tB | 6.84 | ||
| EV/EBITDA | 20.79 |
EPS(TTM)1.96
EY3.17%
EPS(NY)2.1
Fwd EY3.39%
FCF(TTM)1.72
FCFY2.79%
OCF(TTM)2.98
OCFY4.81%
SpS7.86
BVpS9.05
TBVpS9.05
PEG (NY)6.83
PEG (5Y)6.63
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
WACC7.57%
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 Y4.63%
EPS Next 2Y3.67%
EPS Next 3Y4.64%
EPS Next 5Y5.39%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%1.63%
Revenue Next Year1.17%
Revenue Next 2Y2.83%
Revenue Next 3Y2.69%
Revenue Next 5Y3.96%
EBIT growth 1Y8.7%
EBIT growth 3Y9.27%
EBIT growth 5Y8.4%
EBIT Next Year47.62%
EBIT Next 3Y17.5%
EBIT Next 5Y12.54%
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 31.58 and the Price/Book (PB) ratio is 6.84.
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%.