EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ELS - US29472R1086 - REIT
61.69 USD
-0.38 (-0.61%)
61.69 USD
0 (0%)
ELS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. While ELS belongs to the best of the industry regarding profitability, 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
In the past year ELS was profitable.
ELS had a positive operating cash flow in the past year.
ELS had positive earnings in each of the past 5 years.
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.
ELS has a better Return On Equity (21.79%) 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 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 better Profit Margin (25.09%) than 75.00% of its industry peers.
ELS's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 33.91%, ELS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
ELS's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 52.99%, ELS is doing worse than 85.00% of the companies in the same industry.
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.
The number of shares outstanding for ELS has been increased compared to 1 year ago.
Compared to 5 years ago, ELS has more shares outstanding
Compared to 1 year ago, ELS has an improved debt to assets ratio.
2.2 Solvency
ELS has an Altman-Z score of 2.25. 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 (2.25) 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.
With an excellent Debt to FCF ratio value of 9.81, ELS belongs to the best 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.
The Debt to Equity ratio of ELS (1.87) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | 9.81 | ||
| Altman-Z | 2.25 |
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.
ELS's Current ratio of 0.04 is on the low side compared to the rest of the industry. ELS is outperformed by 90.00% of its industry peers.
A Quick Ratio of 0.04 indicates that ELS may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.04, ELS is doing worse than 85.00% of the companies in the same industry.
| 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.
The Revenue has been growing slightly by 1.10% in the past year.
The Revenue has been growing by 8.11% on average over the past years. This is quite good.
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.
ELS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.91% yearly.
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 5Y3.91%
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.
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 31.47.
The rest of the industry has a similar Price/Earnings ratio as ELS.
Compared to an average S&P500 Price/Earnings ratio of 26.46, ELS is valued at the same level.
With a Price/Forward Earnings ratio of 29.44, ELS can be considered very expensive at the moment.
95.00% of the companies in the same industry are more expensive than ELS, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.10. ELS is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.47 | ||
| Fwd PE | 29.44 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELS indicates a rather expensive valuation: ELS more expensive than 85.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ELS indicates a somewhat cheap valuation: ELS is cheaper than 70.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.79 | ||
| EV/EBITDA | 20.98 |
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.
ELS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)6.8
PEG (5Y)6.6
EPS Next 2Y3.67%
EPS Next 3Y4.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.32%, ELS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.23, 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!
ELS's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
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 2Y3.67%
EPS Next 3Y4.64%
61.69
-0.38 (-0.61%)
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 Change6.83%
Ins Owners0.67%
Ins Owner Change0%
Market Cap11.96B
Revenue(TTM)1.52B
Net Income(TTM)382.00M
Analysts80
Price Target71.43 (15.79%)
Short Float %3.86%
Short Ratio3.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
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)-1.67%
EPS NQ rev (1m)-0.88%
EPS NQ rev (3m)-2.68%
EPS NY rev (1m)4.33%
EPS NY rev (3m)3.59%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-1.45%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.47 | ||
| Fwd PE | 29.44 | ||
| P/S | 7.85 | ||
| P/FCF | 35.79 | ||
| P/OCF | 20.72 | ||
| P/B | 6.82 | ||
| P/tB | 6.82 | ||
| EV/EBITDA | 20.98 |
EPS(TTM)1.96
EY3.18%
EPS(NY)2.1
Fwd EY3.4%
FCF(TTM)1.72
FCFY2.79%
OCF(TTM)2.98
OCFY4.83%
SpS7.85
BVpS9.05
TBVpS9.05
PEG (NY)6.8
PEG (5Y)6.6
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 | 2.25 |
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 5Y3.91%
EBIT growth 1Y8.7%
EBIT growth 3Y9.27%
EBIT growth 5Y8.4%
EBIT Next Year47.62%
EBIT Next 3Y17.5%
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 31.47 and the Price/Book (PB) ratio is 6.82.
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%.