EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis
USA - NYSE:ELS - US29472R1086 - REIT
60.84 USD
+0.16 (+0.26%)
60.84 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. While showing a medium growth rate, ELS is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year ELS was profitable.
ELS had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 6.43%, ELS belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
ELS has a better Return On Equity (21.24%) than 100.00% of its industry peers.
ELS's Return On Invested Capital of 7.37% 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 2.61%.
The 3 year average ROIC (6.66%) for ELS is below the current ROIC(7.37%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.43% | ||
| ROE | 21.24% | ||
| ROIC | 7.37% |
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
The Profit Margin of ELS (24.25%) is better than 75.00% of its industry peers.
In the last couple of years the Profit Margin of ELS has declined.
ELS's Operating Margin of 33.47% is amongst the best of 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.
The Gross Margin of ELS (52.77%) 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.47% | ||
| PM (TTM) | 24.25% | ||
| GM | 52.77% |
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
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.
The number of shares outstanding for ELS has been increased compared to 5 years ago.
ELS has a better debt/assets ratio than last year.
2.2 Solvency
ELS has an Altman-Z score of 2.21. 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 2.21, ELS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
ELS has a debt to FCF ratio of 9.29. This is a negative value and a sign of low solvency as ELS would need 9.29 years to pay back of all of its debts.
The Debt to FCF ratio of ELS (9.29) is better than 90.00% of its industry peers.
A Debt/Equity ratio of 1.88 is on the high side and indicates that ELS has dependencies on debt financing.
With a Debt to Equity ratio value of 1.88, ELS is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 9.29 | ||
| Altman-Z | 2.21 |
ROIC/WACC0.98
WACC7.53%
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.
Looking at the Current ratio, with a value of 0.03, ELS is doing worse than 90.00% of the companies in the same industry.
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: 85.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.03 | ||
| Quick Ratio | 0.03 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.03% over the past year.
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 1.10%.
The Revenue has been growing by 8.11% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to grow by 6.62% on average over the next years.
Based on estimates for the next years, ELS will show a small growth in Revenue. The Revenue will grow by 4.16% on average per year.
EPS Next Y0.29%
EPS Next 2Y3.76%
EPS Next 3Y5.1%
EPS Next 5Y6.62%
Revenue Next Year1.31%
Revenue Next 2Y2.61%
Revenue Next 3Y3.51%
Revenue Next 5Y4.16%
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 accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
ELS is valuated quite expensively with a Price/Earnings ratio of 31.04.
Based on the Price/Earnings ratio, ELS is valued a bit cheaper than 65.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.13, ELS is valued at the same level.
A Price/Forward Earnings ratio of 28.98 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.
ELS's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.04 | ||
| Fwd PE | 28.98 |
4.2 Price Multiples
80.00% 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 the industry average as 70.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.73 | ||
| EV/EBITDA | 20.86 |
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)107.85
PEG (5Y)6.51
EPS Next 2Y3.76%
EPS Next 3Y5.1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.39%, ELS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.38, 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 2.39, ELS pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
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
5.3 Sustainability
ELS pays out 104.85% 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.
DP104.85%
EPS Next 2Y3.76%
EPS Next 3Y5.1%
60.84
+0.16 (+0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.05%
Inst Owner Change1.78%
Ins Owners0.69%
Ins Owner Change-0.4%
Market Cap11.79B
Revenue(TTM)1.52B
Net Income(TTM)367.70M
Analysts80
Price Target71.56 (17.62%)
Short Float %3.41%
Short Ratio3.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
Yearly Dividend1.95
Dividend Growth(5Y)8.99%
DP104.85%
Div Incr Years20
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.56%
Min EPS beat(2)-6.67%
Max EPS beat(2)1.56%
EPS beat(4)2
Avg EPS beat(4)-1.06%
Min EPS beat(4)-6.67%
Max EPS beat(4)2.52%
EPS beat(8)5
Avg EPS beat(8)5.29%
EPS beat(12)6
Avg EPS beat(12)4%
EPS beat(16)9
Avg EPS beat(16)4.65%
Revenue beat(2)0
Avg Revenue beat(2)-3.07%
Min Revenue beat(2)-3.82%
Max Revenue beat(2)-2.33%
Revenue beat(4)0
Avg Revenue beat(4)-3.01%
Min Revenue beat(4)-4.16%
Max Revenue beat(4)-1.71%
Revenue beat(8)3
Avg Revenue beat(8)-1.32%
Revenue beat(12)4
Avg Revenue beat(12)-0.5%
Revenue beat(16)8
Avg Revenue beat(16)10%
PT rev (1m)-0.53%
PT rev (3m)-3.81%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)-0.46%
EPS NY rev (1m)-0.56%
EPS NY rev (3m)-1.71%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)3.01%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.04 | ||
| Fwd PE | 28.98 | ||
| P/S | 7.78 | ||
| P/FCF | 33.73 | ||
| P/OCF | 20.34 | ||
| P/B | 6.81 | ||
| P/tB | 6.81 | ||
| EV/EBITDA | 20.86 |
EPS(TTM)1.96
EY3.22%
EPS(NY)2.1
Fwd EY3.45%
FCF(TTM)1.8
FCFY2.96%
OCF(TTM)2.99
OCFY4.92%
SpS7.82
BVpS8.93
TBVpS8.93
PEG (NY)107.85
PEG (5Y)6.51
Graham Number19.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.43% | ||
| ROE | 21.24% | ||
| ROCE | 9.33% | ||
| ROIC | 7.37% | ||
| ROICexc | 7.42% | ||
| ROICexgc | 7.6% | ||
| OM | 33.47% | ||
| PM (TTM) | 24.25% | ||
| GM | 52.77% | ||
| FCFM | 23.05% |
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 Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 9.29 | ||
| Debt/EBITDA | 4.52 | ||
| Cap/Depr | 109.38% | ||
| Cap/Sales | 15.17% | ||
| Interest Coverage | 3.8 | ||
| Cash Conversion | 80.75% | ||
| Profit Quality | 95.05% | ||
| Current Ratio | 0.03 | ||
| Quick Ratio | 0.03 | ||
| Altman-Z | 2.21 |
F-Score6
WACC7.53%
ROIC/WACC0.98
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 Y0.29%
EPS Next 2Y3.76%
EPS Next 3Y5.1%
EPS Next 5Y6.62%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y4.98%
Revenue growth 5Y8.11%
Sales Q2Q%1.63%
Revenue Next Year1.31%
Revenue Next 2Y2.61%
Revenue Next 3Y3.51%
Revenue Next 5Y4.16%
EBIT growth 1Y8.1%
EBIT growth 3Y9.27%
EBIT growth 5Y8.4%
EBIT Next Year47.62%
EBIT Next 3Y17.5%
EBIT Next 5Y12.78%
FCF growth 1Y161.49%
FCF growth 3YN/A
FCF growth 5Y412.66%
OCF growth 1Y13.25%
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 31.04 and the Price/Book (PB) ratio is 6.81.
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 104.85%.