Logo image of ELS

EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis

NYSE:ELS - New York Stock Exchange, Inc. - US29472R1086 - REIT - Currency: USD

61.1  -0.81 (-1.31%)

After market: 61.1 0 (0%)

Fundamental Rating

5

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 scores excellent on profitability, but there are concerns on its financial health. ELS has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

Quickly go to:

7

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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

ELS has a better Return On Assets (6.49%) than 100.00% of its industry peers.
ELS has a Return On Equity of 20.93%. This is amongst the best in the industry. ELS outperforms 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 7.40%, ELS belongs to the best 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 2.62%.
The 3 year average ROIC (6.66%) for ELS is below the current ROIC(7.40%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.49%
ROE 20.93%
ROIC 7.4%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

Looking at the Profit Margin, with a value of 24.12%, ELS is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Profit Margin of ELS has declined.
With an excellent Operating Margin value of 33.08%, 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 52.43%. 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 RankSector Rank
OM 33.08%
PM (TTM) 24.12%
GM 52.43%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

More info and screens

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 more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ELS has more shares outstanding
The debt/assets ratio for ELS has been reduced compared to a year ago.
ELS Yearly Shares OutstandingELS Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

An Altman-Z score of 2.28 indicates that ELS is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.28, 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 8.86, which is on the high side as it means it would take ELS, 8.86 years of fcf income to pay off all of its debts.
ELS has a better Debt to FCF ratio (8.86) than 100.00% of its industry peers.
A Debt/Equity ratio of 1.81 is on the high side and indicates that ELS has dependencies on debt financing.
ELS has a Debt to Equity ratio of 1.81. This is in the lower half of the industry: ELS underperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 8.86
Altman-Z 2.28
ROIC/WACC0.95
WACC7.78%
ELS Yearly LT Debt VS Equity VS FCFELS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

ELS has a Current Ratio of 0.10. 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 Current ratio, with a value of 0.10, ELS is doing worse than 80.00% of the companies in the same industry.
A Quick Ratio of 0.10 indicates that ELS may have some problems paying its short term obligations.
With a Quick ratio value of 0.10, ELS is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.1
Quick Ratio 0.1
ELS Yearly Current Assets VS Current LiabilitesELS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

More info and screens

4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 5.46% over the past year.
ELS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.77% yearly.
Looking at the last year, ELS shows a small growth in Revenue. The Revenue has grown by 1.42% 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)5.46%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%-3.39%
Revenue 1Y (TTM)1.42%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%0.19%

3.2 Future

The Earnings Per Share is expected to grow by 6.62% on average over the next years.
The Revenue is expected to grow by 4.02% on average over the next years.
EPS Next Y2.04%
EPS Next 2Y4.79%
EPS Next 3Y5.81%
EPS Next 5Y6.62%
Revenue Next Year1.76%
Revenue Next 2Y2.96%
Revenue Next 3Y3.87%
Revenue Next 5Y4.02%

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.
ELS Yearly Revenue VS EstimatesELS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B 2B
ELS Yearly EPS VS EstimatesELS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1 2 3

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 31.66 indicates a quite expensive valuation of ELS.
ELS's Price/Earnings ratio is rather cheap when compared to the industry. ELS is cheaper than 85.00% of the companies in the same industry.
ELS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 28.54 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.33, ELS is valued at the same level.
Industry RankSector Rank
PE 31.66
Fwd PE 28.54
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 a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
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 RankSector Rank
P/FCF 32.61
EV/EBITDA 21.03
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 decent profitability rating of ELS may justify a higher PE ratio.
PEG (NY)15.55
PEG (5Y)6.64
EPS Next 2Y4.79%
EPS Next 3Y5.81%

More info and screens

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.33%, ELS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.70, ELS's dividend is way lower than its industry peers. On top of this 80.00% of the companies listed in the same industry pay a better dividend than ELS!
Compared to an average S&P500 Dividend Yield of 2.35, ELS pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.33%

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
ELS Yearly Dividends per shareELS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

ELS pays out 102.60% 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.
DP102.6%
EPS Next 2Y4.79%
EPS Next 3Y5.81%
ELS Yearly Income VS Free CF VS DividendELS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 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

More info and screens

EQUITY LIFESTYLE PROPERTIES

NYSE:ELS (7/15/2025, 7:35:39 PM)

After market: 61.1 0 (0%)

61.1

-0.81 (-1.31%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)04-21 2025-04-21/amc
Earnings (Next)07-21 2025-07-21/amc
Inst Owners98.66%
Inst Owner Change0.02%
Ins Owners0.7%
Ins Owner Change2.32%
Market Cap11.68B
Analysts77.89
Price Target74.77 (22.37%)
Short Float %1.97%
Short Ratio2.83
Dividend
Industry RankSector Rank
Dividend Yield 3.33%
Yearly Dividend1.95
Dividend Growth(5Y)8.99%
DP102.6%
Div Incr Years20
Div Non Decr Years20
Ex-Date06-27 2025-06-27 (0.515)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.04%
Min EPS beat(2)1.56%
Max EPS beat(2)2.52%
EPS beat(4)3
Avg EPS beat(4)4.82%
Min EPS beat(4)-1.63%
Max EPS beat(4)16.81%
EPS beat(8)5
Avg EPS beat(8)5.56%
EPS beat(12)6
Avg EPS beat(12)4.15%
EPS beat(16)10
Avg EPS beat(16)5.89%
Revenue beat(2)0
Avg Revenue beat(2)-2.76%
Min Revenue beat(2)-3.82%
Max Revenue beat(2)-1.71%
Revenue beat(4)1
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-4.16%
Max Revenue beat(4)0.57%
Revenue beat(8)3
Avg Revenue beat(8)-1.36%
Revenue beat(12)5
Avg Revenue beat(12)0.51%
Revenue beat(16)9
Avg Revenue beat(16)16.71%
PT rev (1m)0%
PT rev (3m)-1.2%
EPS NQ rev (1m)-0.57%
EPS NQ rev (3m)-0.57%
EPS NY rev (1m)-0.13%
EPS NY rev (3m)0.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.06%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)-1.52%
Valuation
Industry RankSector Rank
PE 31.66
Fwd PE 28.54
P/S 7.69
P/FCF 32.61
P/OCF 19.75
P/B 6.68
P/tB 6.68
EV/EBITDA 21.03
EPS(TTM)1.93
EY3.16%
EPS(NY)2.14
Fwd EY3.5%
FCF(TTM)1.87
FCFY3.07%
OCF(TTM)3.09
OCFY5.06%
SpS7.94
BVpS9.15
TBVpS9.15
PEG (NY)15.55
PEG (5Y)6.64
Profitability
Industry RankSector Rank
ROA 6.49%
ROE 20.93%
ROCE 9.36%
ROIC 7.4%
ROICexc 7.46%
ROICexgc 7.61%
OM 33.08%
PM (TTM) 24.12%
GM 52.43%
FCFM 23.59%
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 RankSector Rank
Debt/Equity 1.81
Debt/FCF 8.86
Debt/EBITDA 4.46
Cap/Depr 111.46%
Cap/Sales 15.35%
Interest Coverage 3.64
Cash Conversion 83.11%
Profit Quality 97.81%
Current Ratio 0.1
Quick Ratio 0.1
Altman-Z 2.28
F-Score8
WACC7.78%
ROIC/WACC0.95
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)5.46%
EPS 3Y11.41%
EPS 5Y4.77%
EPS Q2Q%-3.39%
EPS Next Y2.04%
EPS Next 2Y4.79%
EPS Next 3Y5.81%
EPS Next 5Y6.62%
Revenue 1Y (TTM)1.42%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%0.19%
Revenue Next Year1.76%
Revenue Next 2Y2.96%
Revenue Next 3Y3.87%
Revenue Next 5Y4.02%
EBIT growth 1Y10.09%
EBIT growth 3Y9.27%
EBIT growth 5Y8.4%
EBIT Next Year47.58%
EBIT Next 3Y17.46%
EBIT Next 5Y12.5%
FCF growth 1Y267.65%
FCF growth 3YN/A
FCF growth 5Y412.66%
OCF growth 1Y-4.07%
OCF growth 3Y5.44%
OCF growth 5Y6.11%