EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ELS - US29472R1086 - REIT
60.41 USD
-1.28 (-2.07%)
60.41 USD
0 (0%)
Taking everything into account, ELS scores 5 out of 10 in our fundamental rating. 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
In the past year ELS was profitable.
ELS had a positive operating cash flow in the past year.
Each year in the past 5 years ELS has 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.
ELS's Return On Equity of 21.79% is amongst the best of the industry. ELS outperforms 95.00% of its industry peers.
ELS has a better Return On Invested Capital (7.50%) than 100.00% of its industry peers.
ELS had an Average Return On Invested Capital over the past 3 years of 6.66%. This 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'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.
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.
In the last couple of years the Operating Margin of ELS has remained more or less at the same level.
ELS has a Gross Margin of 52.99%. This is amonst the worse of the industry: ELS underperforms 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
ELS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ELS has more shares outstanding than it did 1 year ago.
ELS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ELS has been reduced compared to a year ago.
2.2 Solvency
ELS has an Altman-Z score of 2.20. 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.
Looking at the Altman-Z score, with a value of 2.20, ELS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
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.
The Debt to FCF ratio of ELS (9.81) is better than 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's Debt to Equity ratio of 1.87 is on the low side compared to the rest of the industry. ELS is outperformed by 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | 9.81 | ||
| Altman-Z | 2.2 |
ROIC/WACC0.99
WACC7.55%
2.3 Liquidity
A Current Ratio of 0.04 indicates that ELS may have some problems paying 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.
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.
ELS has a Quick ratio of 0.04. This is amonst the worse of the industry: ELS underperforms 85.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.03% over the past year.
The Earnings Per Share has been growing slightly by 4.77% on average over the past years.
Looking at the last year, ELS shows a small growth in Revenue. The Revenue has grown by 1.10% in the last year.
ELS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.11% yearly.
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
Based on estimates for the next years, ELS will show a small growth in Earnings Per Share. The EPS will grow by 5.39% on average per year.
Based on estimates for the next years, ELS will show a small growth in Revenue. The Revenue will grow by 3.91% on average per year.
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
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.
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
The Price/Earnings ratio is 30.82, which means the current valuation is very expensive for ELS.
ELS's Price/Earnings ratio is in line with the industry average.
ELS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 29.00 indicates a quite expensive valuation of ELS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ELS indicates a rather cheap valuation: ELS is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.56. ELS is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.82 | ||
| Fwd PE | 29 |
4.2 Price Multiples
85.00% of the companies in the same industry are cheaper than ELS, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ELS is valued a bit cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.05 | ||
| EV/EBITDA | 20.54 |
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)8.8
PEG (5Y)6.47
EPS Next 2Y3.35%
EPS Next 3Y4.57%
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 7.26, 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 2.31, ELS pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
5.2 History
On average, the dividend of ELS grows each year by 8.99%, which is quite nice.
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
ELS pays out 103.47% of its income as dividend. 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.
DP103.47%
EPS Next 2Y3.35%
EPS Next 3Y4.57%
60.41
-1.28 (-2.07%)
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 Cap11.71B
Revenue(TTM)1.52B
Net Income(TTM)382.00M
Analysts80
Price Target71.43 (18.24%)
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)-0.34%
EPS NQ rev (3m)-2.96%
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)-0.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.82 | ||
| Fwd PE | 29 | ||
| P/S | 7.69 | ||
| P/FCF | 35.05 | ||
| P/OCF | 20.29 | ||
| P/B | 6.68 | ||
| P/tB | 6.68 | ||
| EV/EBITDA | 20.54 |
EPS(TTM)1.96
EY3.24%
EPS(NY)2.08
Fwd EY3.45%
FCF(TTM)1.72
FCFY2.85%
OCF(TTM)2.98
OCFY4.93%
SpS7.85
BVpS9.05
TBVpS9.05
PEG (NY)8.8
PEG (5Y)6.47
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 | 2.2 |
F-Score6
WACC7.55%
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 30.82 and the Price/Book (PB) ratio is 6.68.
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%.