EQUITY LIFESTYLE PROPERTIES (ELS) Fundamental Analysis & Valuation

NYSE:ELS • US29472R1086

Current stock price

63.99 USD
+0.73 (+1.15%)
At close:
63.99 USD
0 (0%)
After Hours:

This ELS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. ELS Profitability Analysis

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.
  • ELS had a positive operating cash flow in each of the past 5 years.
ELS Yearly Net Income VS EBIT VS OCF VS FCFELS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • ELS's Return On Assets of 6.73% is amongst the best of the industry. ELS outperforms 90.00% of its industry peers.
  • With an excellent Return On Equity value of 22.01%, ELS belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 7.34%, ELS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ELS is above the industry average of 2.73%.
  • The last Return On Invested Capital (7.34%) for ELS is above the 3 year average (7.05%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.73%
ROE 22.01%
ROIC 7.34%
ROA(3y)6.27%
ROA(5y)5.79%
ROE(3y)21.69%
ROE(5y)20.66%
ROIC(3y)7.05%
ROIC(5y)6.65%
ELS Yearly ROA, ROE, ROICELS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • ELS has a better Profit Margin (25.38%) than 70.00% of its industry peers.
  • ELS's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 33.44%, ELS belongs to the best 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.
  • ELS has a Gross Margin of 52.73%. This is amonst the worse of the industry: ELS underperforms 90.00% of its industry peers.
  • ELS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 33.44%
PM (TTM) 25.38%
GM 52.73%
OM growth 3Y5.6%
OM growth 5Y1.02%
PM growth 3Y8.66%
PM growth 5Y3.87%
GM growth 3Y2.32%
GM growth 5Y0.37%
ELS Yearly Profit, Operating, Gross MarginsELS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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3

2. ELS Health Analysis

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.
  • ELS has a worse debt/assets ratio than last year.
ELS Yearly Shares OutstandingELS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
ELS Yearly Total Debt VS Total AssetsELS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • ELS has an Altman-Z score of 2.31. 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's Altman-Z score of 2.31 is amongst the best of the industry. ELS outperforms 100.00% of its industry peers.
  • ELS has a debt to FCF ratio of 9.94. This is a negative value and a sign of low solvency as ELS would need 9.94 years to pay back of all of its debts.
  • The Debt to FCF ratio of ELS (9.94) is better than 100.00% of its industry peers.
  • A Debt/Equity ratio of 1.89 is on the high side and indicates that ELS has dependencies on debt financing.
  • ELS has a worse Debt to Equity ratio (1.89) than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.89
Debt/FCF 9.94
Altman-Z 2.31
ROIC/WACC0.94
WACC7.77%
ELS Yearly LT Debt VS Equity VS FCFELS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • ELS has a Current Ratio of 0.03. 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 0.03 is on the low side compared to the rest of the industry. ELS is outperformed by 90.00% of its industry peers.
  • ELS has a Quick Ratio of 0.03. 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 0.03, ELS is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.03
Quick Ratio 0.03
ELS Yearly Current Assets VS Current LiabilitesELS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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3

3. ELS Growth Analysis

3.1 Past

  • ELS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.54%.
  • ELS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.46% yearly.
  • Looking at the last year, ELS shows a small growth in Revenue. The Revenue has grown by 0.31% in the last year.
  • ELS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.96% yearly.
EPS 1Y (TTM)1.54%
EPS 3Y8.97%
EPS 5Y9.46%
EPS Q2Q%4%
Revenue 1Y (TTM)0.31%
Revenue growth 3Y1.91%
Revenue growth 5Y6.96%
Sales Q2Q%0.41%

3.2 Future

  • ELS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.97% yearly.
  • Based on estimates for the next years, ELS will show a small growth in Revenue. The Revenue will grow by 4.22% on average per year.
EPS Next Y2.87%
EPS Next 2Y5.6%
EPS Next 3Y6.9%
EPS Next 5Y5.97%
Revenue Next Year3.23%
Revenue Next 2Y3.96%
Revenue Next 3Y-2.65%
Revenue Next 5Y4.22%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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.
ELS Yearly Revenue VS EstimatesELS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
ELS Yearly EPS VS EstimatesELS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3

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3

4. ELS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 32.32, which means the current valuation is very expensive for ELS.
  • Based on the Price/Earnings ratio, ELS is valued a bit cheaper than 65.00% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of ELS to the average of the S&P500 Index (26.17), we can say ELS is valued slightly more expensively.
  • Based on the Price/Forward Earnings ratio of 31.42, the valuation of ELS can be described as expensive.
  • ELS's Price/Forward Earnings ratio is rather cheap when compared to the industry. ELS is cheaper than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.05, ELS is valued a bit more expensive.
Industry RankSector Rank
PE 32.32
Fwd PE 31.42
ELS Price Earnings VS Forward Price EarningsELS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ELS is valued expensively inside the industry as 85.00% of the companies are valued cheaper.
  • 80.00% of the companies in the same industry are more expensive than ELS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 37.15
EV/EBITDA 21.73
ELS Per share dataELS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

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 excellent profitability rating of ELS may justify a higher PE ratio.
PEG (NY)11.26
PEG (5Y)3.42
EPS Next 2Y5.6%
EPS Next 3Y6.9%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. ELS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.49%, ELS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 46.12, 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 1.89, ELS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.49%

5.2 History

  • The dividend of ELS is nicely growing with an annual growth rate of 8.33%!
  • ELS has been paying a dividend for at least 10 years, so it has 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)8.33%
Div Incr Years21
Div Non Decr Years21
ELS Yearly Dividends per shareELS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • ELS pays out 104.79% 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.
DP104.79%
EPS Next 2Y5.6%
EPS Next 3Y6.9%
ELS Yearly Income VS Free CF VS DividendELS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M
ELS Dividend Payout.ELS Dividend Payout, showing the Payout Ratio.ELS Dividend Payout.PayoutRetained Earnings

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ELS Fundamentals: All Metrics, Ratios and Statistics

EQUITY LIFESTYLE PROPERTIES

NYSE:ELS (4/2/2026, 8:21:01 PM)

After market: 63.99 0 (0%)

63.99

+0.73 (+1.15%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)01-28
Earnings (Next)04-20
Inst Owners112.23%
Inst Owner Change0%
Ins Owners0.7%
Ins Owner Change2.83%
Market Cap12.41B
Revenue(TTM)1.52B
Net Income(TTM)386.49M
Analysts80
Price Target70.69 (10.47%)
Short Float %3.17%
Short Ratio3.01
Dividend
Industry RankSector Rank
Dividend Yield 3.49%
Yearly Dividend2.1
Dividend Growth(5Y)8.33%
DP104.79%
Div Incr Years21
Div Non Decr Years21
Ex-Date03-27
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.45%
Min EPS beat(2)1.95%
Max EPS beat(2)6.95%
EPS beat(4)3
Avg EPS beat(4)0.95%
Min EPS beat(4)-6.67%
Max EPS beat(4)6.95%
EPS beat(8)6
Avg EPS beat(8)5.09%
EPS beat(12)7
Avg EPS beat(12)2.65%
EPS beat(16)9
Avg EPS beat(16)4.23%
Revenue beat(2)0
Avg Revenue beat(2)-2.81%
Min Revenue beat(2)-4.61%
Max Revenue beat(2)-1.01%
Revenue beat(4)0
Avg Revenue beat(4)-2.94%
Min Revenue beat(4)-4.61%
Max Revenue beat(4)-1.01%
Revenue beat(8)1
Avg Revenue beat(8)-2.28%
Revenue beat(12)2
Avg Revenue beat(12)-1.88%
Revenue beat(16)5
Avg Revenue beat(16)0.67%
PT rev (1m)0.19%
PT rev (3m)-1.31%
EPS NQ rev (1m)0.24%
EPS NQ rev (3m)0.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.94%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-0.93%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)-1.11%
Valuation
Industry RankSector Rank
PE 32.32
Fwd PE 31.42
P/S 8.15
P/FCF 37.15
P/OCF 21.73
P/B 7.07
P/tB 7.3
EV/EBITDA 21.73
EPS(TTM)1.98
EY3.09%
EPS(NY)2.04
Fwd EY3.18%
FCF(TTM)1.72
FCFY2.69%
OCF(TTM)2.95
OCFY4.6%
SpS7.85
BVpS9.06
TBVpS8.77
PEG (NY)11.26
PEG (5Y)3.42
Graham Number20.09
Profitability
Industry RankSector Rank
ROA 6.73%
ROE 22.01%
ROCE 9.29%
ROIC 7.34%
ROICexc 7.38%
ROICexgc 7.54%
OM 33.44%
PM (TTM) 25.38%
GM 52.73%
FCFM 21.94%
ROA(3y)6.27%
ROA(5y)5.79%
ROE(3y)21.69%
ROE(5y)20.66%
ROIC(3y)7.05%
ROIC(5y)6.65%
ROICexc(3y)7.09%
ROICexc(5y)6.7%
ROICexgc(3y)7.25%
ROICexgc(5y)6.86%
ROCE(3y)8.93%
ROCE(5y)8.42%
ROICexgc growth 3Y5.81%
ROICexgc growth 5Y2.87%
ROICexc growth 3Y6.09%
ROICexc growth 5Y2.63%
OM growth 3Y5.6%
OM growth 5Y1.02%
PM growth 3Y8.66%
PM growth 5Y3.87%
GM growth 3Y2.32%
GM growth 5Y0.37%
F-Score6
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 1.89
Debt/FCF 9.94
Debt/EBITDA 4.6
Cap/Depr 110.92%
Cap/Sales 15.57%
Interest Coverage 3.92
Cash Conversion 79.01%
Profit Quality 86.43%
Current Ratio 0.03
Quick Ratio 0.03
Altman-Z 2.31
F-Score6
WACC7.77%
ROIC/WACC0.94
Cap/Depr(3y)127.63%
Cap/Depr(5y)191.72%
Cap/Sales(3y)17.87%
Cap/Sales(5y)27.45%
Profit Quality(3y)84.48%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.54%
EPS 3Y8.97%
EPS 5Y9.46%
EPS Q2Q%4%
EPS Next Y2.87%
EPS Next 2Y5.6%
EPS Next 3Y6.9%
EPS Next 5Y5.97%
Revenue 1Y (TTM)0.31%
Revenue growth 3Y1.91%
Revenue growth 5Y6.96%
Sales Q2Q%0.41%
Revenue Next Year3.23%
Revenue Next 2Y3.96%
Revenue Next 3Y-2.65%
Revenue Next 5Y4.22%
EBIT growth 1Y2.85%
EBIT growth 3Y7.62%
EBIT growth 5Y8.06%
EBIT Next Year46.82%
EBIT Next 3Y17.23%
EBIT Next 5Y12.28%
FCF growth 1Y-5.66%
FCF growth 3Y56.88%
FCF growth 5Y100.15%
OCF growth 1Y-4.29%
OCF growth 3Y6.28%
OCF growth 5Y4.13%

EQUITY LIFESTYLE PROPERTIES / ELS Fundamental Analysis FAQ

What is the fundamental rating for ELS stock?

ChartMill assigns a fundamental rating of 5 / 10 to ELS.


What is the valuation status of EQUITY LIFESTYLE PROPERTIES (ELS) stock?

ChartMill assigns a valuation rating of 3 / 10 to EQUITY LIFESTYLE PROPERTIES (ELS). This can be considered as Overvalued.


How profitable is EQUITY LIFESTYLE PROPERTIES (ELS) stock?

EQUITY LIFESTYLE PROPERTIES (ELS) has a profitability rating of 8 / 10.


Can you provide the financial health for ELS stock?

The financial health rating of EQUITY LIFESTYLE PROPERTIES (ELS) is 3 / 10.


How sustainable is the dividend of EQUITY LIFESTYLE PROPERTIES (ELS) stock?

The dividend rating of EQUITY LIFESTYLE PROPERTIES (ELS) is 5 / 10 and the dividend payout ratio is 104.79%.