EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:ELS • US29472R1086

63.2 USD
+0.03 (+0.05%)
At close: Feb 2, 2026
63.2 USD
0 (0%)
After Hours: 2/2/2026, 8:04:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ELS. ELS was compared to 20 industry peers in the Residential REITs industry. ELS scores excellent on profitability, but there are concerns on its financial health. ELS is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

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.
  • ELS had positive earnings in 4 of the past 5 years.
  • ELS had a positive operating cash flow in 4 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 0 200M -200M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.65%, ELS belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • The Return On Equity of ELS (21.79%) is better 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.
  • Measured over the past 3 years, the Average Return On Invested Capital 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 RankSector 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%
ELS Yearly ROA, ROE, ROICELS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • With a decent Profit Margin value of 25.09%, ELS is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • ELS's Profit Margin has declined in the last couple of years.
  • The Operating Margin of ELS (33.91%) is better than 100.00% of its industry peers.
  • ELS's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of ELS (52.99%) is worse than 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 RankSector 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%
ELS Yearly Profit, Operating, Gross MarginsELS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELS is destroying value.
  • ELS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
ELS Yearly Shares OutstandingELS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 1B 2B 3B 4B 5B

2.2 Solvency

  • ELS has an Altman-Z score of 2.28. 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 Altman-Z score of 2.28. This is amongst the best in the industry. ELS outperforms 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.
  • ELS's Debt to FCF ratio of 9.81 is amongst the best of the industry. ELS outperforms 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 has a Debt to Equity ratio of 1.87. This is in the lower half of the industry: ELS underperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF 9.81
Altman-Z 2.28
ROIC/WACC0.98
WACC7.69%
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 0 1B 2B 3B

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 has a worse Current ratio (0.04) than 90.00% of its industry peers.
  • A Quick Ratio of 0.04 indicates that ELS may have some problems paying its short term obligations.
  • ELS's Quick ratio of 0.04 is on the low side compared to the rest of the industry. ELS is outperformed by 85.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
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 50M 100M 150M 200M 250M

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3

3. Growth

3.1 Past

  • ELS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.38%, which is quite good.
  • Measured over the past years, ELS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.30% on average per year.
EPS 1Y (TTM)15.38%
EPS 3Y13.72%
EPS 5Y12.3%
EPS Q2Q%58%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%0.42%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.69% 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 4.39% yearly.
EPS Next Y-7.93%
EPS Next 2Y-0.43%
EPS Next 3Y1.8%
EPS Next 5Y3.69%
Revenue Next Year4.26%
Revenue Next 2Y3.74%
Revenue Next 3Y4.51%
Revenue Next 5Y4.39%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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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4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 28.09, ELS can be considered very expensive at the moment.
  • 70.00% of the companies in the same industry are more expensive than ELS, based on the Price/Earnings ratio.
  • ELS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 30.51, the valuation of ELS can be described as expensive.
  • 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 (25.64), we can say ELS is valued inline with the index average.
Industry RankSector Rank
PE 28.09
Fwd PE 30.51
ELS Price Earnings VS Forward Price EarningsELS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ELS is valued more expensive than 85.00% of the companies in the same industry.
  • 70.00% 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 36.66
EV/EBITDA 21.27
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 decent profitability rating of ELS may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.28
EPS Next 2Y-0.43%
EPS Next 3Y1.8%

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5

5. Dividend

5.1 Amount

  • ELS has a Yearly Dividend Yield of 3.26%.
  • Compared to an average industry Dividend Yield of 41.00, 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!
  • ELS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 3.26%

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 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
ELS Yearly Dividends per shareELS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

  • 103.47% of the earnings are spent on dividend by ELS. 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 2Y-0.43%
EPS Next 3Y1.8%
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 0 200M -200M
ELS Dividend Payout.ELS Dividend Payout, showing the Payout Ratio.ELS Dividend Payout.PayoutRetained Earnings

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EQUITY LIFESTYLE PROPERTIES / ELS FAQ

What is the fundamental rating for ELS stock?

ChartMill assigns a fundamental rating of 4 / 10 to ELS.


Can you provide the valuation status for EQUITY LIFESTYLE PROPERTIES?

ChartMill assigns a valuation rating of 4 / 10 to EQUITY LIFESTYLE PROPERTIES (ELS). This can be considered as Fairly Valued.


What is the profitability of ELS stock?

EQUITY LIFESTYLE PROPERTIES (ELS) has a profitability rating of 7 / 10.


What are the PE and PB ratios of EQUITY LIFESTYLE PROPERTIES (ELS) stock?

The Price/Earnings (PE) ratio for EQUITY LIFESTYLE PROPERTIES (ELS) is 28.09 and the Price/Book (PB) ratio is 6.99.


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 103.47%.