EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis
NYSE:ELS - New York Stock Exchange, Inc. - US29472R1086 - REIT - Currency: USD
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 not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ELS was profitable.
In the past year ELS had a positive cash flow from operations.
ELS had positive earnings in each of the past 5 years.
Each year in the past 5 years ELS had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 6.50%, ELS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
ELS has a Return On Equity of 21.08%. This is amongst the best in the industry. ELS outperforms 100.00% of its industry peers.
ELS's Return On Invested Capital of 7.27% is amongst the best of the industry. ELS outperforms 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ELS is above the industry average of 2.75%.
The 3 year average ROIC (6.66%) for ELS is below the current ROIC(7.27%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.5% | ||
| ROE | 21.08% | ||
| ROIC | 7.27% |
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 (24.18%) than 85.00% of its industry peers.
In the last couple of years the Profit Margin of ELS has declined.
ELS has a Operating Margin of 32.61%. 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's Gross Margin of 52.22% is on the low side compared to the rest of the industry. ELS is outperformed by 85.00% of its industry peers.
ELS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.61% | ||
| PM (TTM) | 24.18% | ||
| GM | 52.22% |
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.
Compared to 1 year ago, ELS has more shares outstanding
The number of shares outstanding for ELS has been increased compared to 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 2.37. 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 2.37 is amongst the best of the industry. ELS outperforms 100.00% of its industry peers.
ELS has a debt to FCF ratio of 9.05. This is a negative value and a sign of low solvency as ELS would need 9.05 years to pay back of all of its debts.
ELS has a Debt to FCF ratio of 9.05. This is amongst the best in the industry. ELS outperforms 100.00% of its industry peers.
ELS has a Debt/Equity ratio of 1.84. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of ELS (1.84) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.84 | ||
| Debt/FCF | 9.05 | ||
| Altman-Z | 2.37 |
ROIC/WACC0.94
WACC7.77%
2.3 Liquidity
ELS has a Current Ratio of 0.02. 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 0.02 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 0.02. 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 Quick ratio, with a value of 0.02, ELS is doing worse than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 |
3. Growth
3.1 Past
ELS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.07%, which is quite good.
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.
ELS shows a small growth in Revenue. In the last year, the Revenue has grown by 2.51%.
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)16.07%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%2.04%
Revenue 1Y (TTM)2.51%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%3.24%
3.2 Future
The Earnings Per Share is expected to grow by 5.72% 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 4.31% yearly.
EPS Next Y1.91%
EPS Next 2Y4.79%
EPS Next 3Y6.1%
EPS Next 5Y5.72%
Revenue Next Year3.33%
Revenue Next 2Y3.62%
Revenue Next 3Y4.59%
Revenue Next 5Y4.31%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
The Price/Earnings ratio is 32.80, which means the current valuation is very expensive for ELS.
Based on the Price/Earnings ratio, ELS is valued cheaper than 85.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.29. ELS is around the same levels.
A Price/Forward Earnings ratio of 32.19 indicates a quite expensive valuation of ELS.
Based on the Price/Forward Earnings ratio, ELS is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ELS to the average of the S&P500 Index (21.32), we can say ELS is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.8 | ||
| Fwd PE | 32.19 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELS is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
70.00% of the companies in the same industry are more expensive than ELS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.52 | ||
| EV/EBITDA | 22.24 |
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 excellent profitability rating of ELS may justify a higher PE ratio.
PEG (NY)17.21
PEG (5Y)6.88
EPS Next 2Y4.79%
EPS Next 3Y6.1%
5. Dividend
5.1 Amount
ELS has a Yearly Dividend Yield of 3.15%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 3.15, ELS pays less dividend than the industry average, which is at 4.58. 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 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
5.2 History
On average, the dividend of ELS grows each year by 8.99%, which is quite nice.
ELS has paid a dividend for at least 10 years, which is 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 100.20% 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.
DP100.2%
EPS Next 2Y4.79%
EPS Next 3Y6.1%
NYSE:ELS (4/21/2025, 1:56:07 PM)
63.96
-1.36 (-2.08%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.37%
Inst Owner Change0.07%
Ins Owners0.63%
Ins Owner Change1.93%
Market Cap12.23B
Analysts76.47
Price Target75.68 (18.32%)
Short Float %2%
Short Ratio2.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
Yearly Dividend1.95
Dividend Growth(5Y)8.99%
DP100.2%
Div Incr Years20
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.45%
Min EPS beat(2)-1.63%
Max EPS beat(2)2.52%
EPS beat(4)3
Avg EPS beat(4)9.23%
Min EPS beat(4)-1.63%
Max EPS beat(4)19.22%
EPS beat(8)4
Avg EPS beat(8)3.5%
EPS beat(12)6
Avg EPS beat(12)5.33%
EPS beat(16)9
Avg EPS beat(16)5.39%
Revenue beat(2)0
Avg Revenue beat(2)-2.94%
Min Revenue beat(2)-4.16%
Max Revenue beat(2)-1.71%
Revenue beat(4)2
Avg Revenue beat(4)-0.94%
Min Revenue beat(4)-4.16%
Max Revenue beat(4)1.55%
Revenue beat(8)3
Avg Revenue beat(8)-1.01%
Revenue beat(12)6
Avg Revenue beat(12)2.1%
Revenue beat(16)10
Avg Revenue beat(16)20.04%
PT rev (1m)0.31%
PT rev (3m)1.09%
EPS NQ rev (1m)0.13%
EPS NQ rev (3m)4.85%
EPS NY rev (1m)0.77%
EPS NY rev (3m)0.38%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)4.1%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-2.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.8 | ||
| Fwd PE | 32.19 | ||
| P/S | 8.05 | ||
| P/FCF | 34.52 | ||
| P/OCF | 20.49 | ||
| P/B | 7.02 | ||
| P/tB | 7.25 | ||
| EV/EBITDA | 22.24 |
EPS(TTM)1.95
EY3.05%
EPS(NY)1.99
Fwd EY3.11%
FCF(TTM)1.85
FCFY2.9%
OCF(TTM)3.12
OCFY4.88%
SpS7.94
BVpS9.11
TBVpS8.82
PEG (NY)17.21
PEG (5Y)6.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.5% | ||
| ROE | 21.08% | ||
| ROCE | 9.2% | ||
| ROIC | 7.27% | ||
| ROICexc | 7.3% | ||
| ROICexgc | 7.48% | ||
| OM | 32.61% | ||
| PM (TTM) | 24.18% | ||
| GM | 52.22% | ||
| FCFM | 23.33% |
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%
ROICexcg growth 3Y6.59%
ROICexcg 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-Score8
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.84 | ||
| Debt/FCF | 9.05 | ||
| Debt/EBITDA | 4.55 | ||
| Cap/Depr | 115.86% | ||
| Cap/Sales | 15.98% | ||
| Interest Coverage | 3.54 | ||
| Cash Conversion | 84.71% | ||
| Profit Quality | 96.49% | ||
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 | ||
| Altman-Z | 2.37 |
F-Score8
WACC7.77%
ROIC/WACC0.94
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)16.07%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%2.04%
EPS Next Y1.91%
EPS Next 2Y4.79%
EPS Next 3Y6.1%
EPS Next 5Y5.72%
Revenue 1Y (TTM)2.51%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%3.24%
Revenue Next Year3.33%
Revenue Next 2Y3.62%
Revenue Next 3Y4.59%
Revenue Next 5Y4.31%
EBIT growth 1Y11.43%
EBIT growth 3Y9.27%
EBIT growth 5Y8.4%
EBIT Next Year47.78%
EBIT Next 3Y17.63%
EBIT Next 5Y12.41%
FCF growth 1Y59.8%
FCF growth 3YN/A
FCF growth 5Y412.66%
OCF growth 1Y8.89%
OCF growth 3Y5.44%
OCF growth 5Y6.11%