EQUITY LIFESTYLE PROPERTIES (ELS)
US29472R1086 - REIT
Overall ELS gets a fundamental rating of 4 out of 10. We evaluated ELS against 21 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.
In the past year ELS had a positive cash flow from operations.
In the past 5 years ELS has always been profitable.
ELS 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 6.07%, ELS belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
With an excellent Return On Equity value of 23.59%, ELS belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
ELS's Return On Invested Capital of 6.73% 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 2.57%.
The last Return On Invested Capital (6.73%) for ELS is above the 3 year average (6.22%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.07% | ||
| ROE | 23.59% | ||
| ROIC | 6.73% |
ROA(3y)5.24%
ROA(5y)5.52%
ROE(3y)20.08%
ROE(5y)20.21%
ROIC(3y)6.22%
ROIC(5y)6.35%
1.3 Margins
The Profit Margin of ELS (22.82%) is better than 61.90% of its industry peers.
ELS's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 30.48%, ELS belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
In the last couple of years the Operating Margin of ELS has declined.
ELS's Gross Margin of 50.88% is on the low side compared to the rest of the industry. ELS is outperformed by 85.71% 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 | 30.48% | ||
| PM (TTM) | 22.82% | ||
| GM | 50.88% |
OM growth 3Y-1.9%
OM growth 5Y-1.56%
PM growth 3Y0.35%
PM growth 5Y-0.53%
GM growth 3Y-0.76%
GM growth 5Y-0.61%
2. Health
2.1 Basic Checks
ELS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ELS has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ELS has more shares outstanding
The debt/assets ratio for ELS is higher compared to a year ago.
2.2 Solvency
ELS has an Altman-Z score of 2.16. 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.
ELS has a better Altman-Z score (2.16) than 95.24% of its industry peers.
ELS has a debt to FCF ratio of 12.58. This is a negative value and a sign of low solvency as ELS would need 12.58 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 12.58, ELS is doing good in the industry, outperforming 76.19% of the companies in the same industry.
ELS has a Debt/Equity ratio of 2.40. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of ELS (2.40) is worse than 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.4 | ||
| Debt/FCF | 12.58 | ||
| Altman-Z | 2.16 |
ROIC/WACC0.87
WACC7.71%
2.3 Liquidity
A Current Ratio of 0.05 indicates that ELS may have some problems paying its short term obligations.
ELS has a worse Current ratio (0.05) than 85.71% of its industry peers.
A Quick Ratio of 0.05 indicates that ELS may have some problems paying its short term obligations.
The Quick ratio of ELS (0.05) is worse than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.39% over the past year.
The Earnings Per Share has been growing slightly by 7.39% on average over the past years.
Looking at the last year, ELS shows a small growth in Revenue. The Revenue has grown by 3.40% in the last year.
The Revenue has been growing by 8.70% on average over the past years. This is quite good.
EPS 1Y (TTM)20.39%
EPS 3Y10.06%
EPS 5Y7.39%
EPS growth Q2Q34.09%
Revenue 1Y (TTM)3.4%
Revenue growth 3Y10.84%
Revenue growth 5Y8.7%
Revenue growth Q2Q5.09%
3.2 Future
Based on estimates for the next years, ELS will show a small growth in Earnings Per Share. The EPS will grow by 6.51% on average per year.
The Revenue is expected to grow by 4.58% on average over the next years.
EPS Next Y4.38%
EPS Next 2Y5.58%
EPS Next 3Y6.2%
EPS Next 5Y6.51%
Revenue Next Year5.86%
Revenue Next 2Y4.86%
Revenue Next 3Y3.41%
Revenue Next 5Y4.58%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ELS is valuated quite expensively with a Price/Earnings ratio of 35.34.
Based on the Price/Earnings ratio, ELS is valued a bit cheaper than 66.67% of the companies in the same industry.
ELS is valuated rather expensively when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 34.54, ELS can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, ELS is valued cheaply inside the industry as 90.48% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.15, ELS is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.34 | ||
| Fwd PE | 34.54 |
4.2 Price Multiples
80.95% of the companies in the same industry are cheaper than ELS, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ELS indicates a somewhat cheap valuation: ELS is cheaper than 61.90% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.64 | ||
| EV/EBITDA | 23.31 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ELS does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of ELS may justify a higher PE ratio.
PEG (NY)8.07
PEG (5Y)4.78
EPS Next 2Y5.58%
EPS Next 3Y6.2%
5. Dividend
5.1 Amount
ELS has a Yearly Dividend Yield of 3.01%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 3.01, ELS pays less dividend than the industry average, which is at 4.24. 80.95% of the companies listed in the same industry pay a better dividend than ELS!
ELS's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.01% |
5.2 History
On average, the dividend of ELS grows each year by 10.13%, which is quite nice.
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)10.13%
Div Incr Years18
Div Non Decr Years18
5.3 Sustainability
102.41% of the earnings are spent on dividend by ELS. This is not a sustainable payout ratio.
The dividend of ELS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP102.41%
EPS Next 2Y5.58%
EPS Next 3Y6.2%
EQUITY LIFESTYLE PROPERTIES
NYSE:ELS (5/17/2024, 7:04:00 PM)
After market: 64.68 0 (0%)64.68
+1.21 (+1.91%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap12.06B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.01% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.34 | ||
| Fwd PE | 34.54 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)8.07
PEG (5Y)4.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.07% | ||
| ROE | 23.59% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 30.48% | ||
| PM (TTM) | 22.82% | ||
| GM | 50.88% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.4 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)20.39%
EPS 3Y10.06%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.38%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.4%
Revenue growth 3Y10.84%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y