EMPIRE STATE REALTY OP LP-ES (ESBA) Stock Fundamental Analysis
USA - NYSEARCA:ESBA - US2921021000
7.52 USD
+0.41 (+5.77%)
Overall ESBA gets a fundamental rating of 4 out of 10. We evaluated ESBA against 128 industry peers in the Diversified REITs industry. ESBA has only an average score on both its financial health and profitability. ESBA does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
ESBA had positive earnings in the past year.
In the past year ESBA had a positive cash flow from operations.
In multiple years ESBA reported negative net income over the last 5 years.
ESBA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ESBA's Return On Assets of 1.90% is fine compared to the rest of the industry. ESBA outperforms 64.84% of its industry peers.
With an excellent Return On Equity value of 10.98%, ESBA belongs to the best of the industry, outperforming 91.41% of the companies in the same industry.
ESBA has a Return On Invested Capital (2.83%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for ESBA is in line with the industry average of 3.04%.
The 3 year average ROIC (2.32%) for ESBA is below the current ROIC(2.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 10.98% | ||
| ROIC | 2.83% |
ROA(3y)1.01%
ROA(5y)0.92%
ROE(3y)5.78%
ROE(5y)5.14%
ROIC(3y)2.32%
ROIC(5y)2.29%
1.3 Margins
With a Profit Margin value of 10.84%, ESBA perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
In the last couple of years the Profit Margin of ESBA has declined.
With a Operating Margin value of 19.84%, ESBA perfoms like the industry average, outperforming 46.88% of the companies in the same industry.
In the last couple of years the Operating Margin of ESBA has declined.
Looking at the Gross Margin, with a value of 54.16%, ESBA is doing worse than 75.78% of the companies in the same industry.
ESBA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.84% | ||
| PM (TTM) | 10.84% | ||
| GM | 54.16% |
OM growth 3Y23.05%
OM growth 5Y-5.33%
PM growth 3YN/A
PM growth 5Y-7.53%
GM growth 3Y1.23%
GM growth 5Y-0.78%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ESBA is destroying value.
Compared to 1 year ago, ESBA has less shares outstanding
The number of shares outstanding for ESBA has been reduced compared to 5 years ago.
ESBA has a better debt/assets ratio than last year.
2.2 Solvency
ESBA has a debt to FCF ratio of 24.05. This is a negative value and a sign of low solvency as ESBA would need 24.05 years to pay back of all of its debts.
ESBA has a better Debt to FCF ratio (24.05) than 75.78% of its industry peers.
A Debt/Equity ratio of 3.07 is on the high side and indicates that ESBA has dependencies on debt financing.
ESBA has a worse Debt to Equity ratio (3.07) than 79.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 24.05 | ||
| Altman-Z | N/A |
ROIC/WACC0.48
WACC5.93%
2.3 Liquidity
ESBA has a Current Ratio of 5.01. This indicates that ESBA is financially healthy and has no problem in meeting its short term obligations.
ESBA's Current ratio of 5.01 is amongst the best of the industry. ESBA outperforms 93.75% of its industry peers.
A Quick Ratio of 5.01 indicates that ESBA has no problem at all paying its short term obligations.
ESBA has a better Quick ratio (5.01) than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.01 | ||
| Quick Ratio | 5.01 |
3. Growth
3.1 Past
ESBA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.45%, which is quite impressive.
Measured over the past years, ESBA shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.00% on average per year.
Looking at the last year, ESBA shows a small growth in Revenue. The Revenue has grown by 1.72% in the last year.
ESBA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.22% yearly.
EPS 1Y (TTM)37.45%
EPS 3YN/A
EPS 5Y-5%
EPS Q2Q%-28.05%
Revenue 1Y (TTM)1.72%
Revenue growth 3Y6.68%
Revenue growth 5Y0.22%
Sales Q2Q%6.4%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 25.07, which means the current valuation is very expensive for ESBA.
Compared to the rest of the industry, the Price/Earnings ratio of ESBA indicates a somewhat cheap valuation: ESBA is cheaper than 79.69% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.35. ESBA is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.07 | ||
| Fwd PE | N/A |
4.2 Price Multiples
96.09% of the companies in the same industry are more expensive than ESBA, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ESBA is valued cheaply inside the industry as 96.09% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.71 | ||
| EV/EBITDA | 7.91 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.35%, ESBA has a reasonable but not impressive dividend return.
With a Dividend Yield of 1.35, ESBA pays less dividend than the industry average, which is at 6.29. 90.63% of the companies listed in the same industry pay a better dividend than ESBA!
With a Dividend Yield of 1.35, ESBA pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
5.2 History
ESBA has paid a dividend for at least 10 years, which is a reliable track record.
ESBA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
51.56% of the earnings are spent on dividend by ESBA. This is a bit on the high side, but may be sustainable.
DP51.56%
EPS Next 2YN/A
EPS Next 3YN/A
NYSEARCA:ESBA (11/11/2025, 8:04:00 PM)
7.52
+0.41 (+5.77%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner Change-1.75%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap811.40M
Revenue(TTM)739.57M
Net Income(TTM)80.14M
Analysts0
Price TargetN/A
Short Float %0.02%
Short Ratio0.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
Yearly Dividend0.38
Dividend Growth(5Y)N/A
DP51.56%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.07 | ||
| Fwd PE | N/A | ||
| P/S | 1.1 | ||
| P/FCF | 8.71 | ||
| P/OCF | 3.49 | ||
| P/B | 1.11 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.91 |
EPS(TTM)0.3
EY3.99%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.86
FCFY11.48%
OCF(TTM)2.15
OCFY28.65%
SpS6.85
BVpS6.77
TBVpS-0.77
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 10.98% | ||
| ROCE | 3.59% | ||
| ROIC | 2.83% | ||
| ROICexc | 3.1% | ||
| ROICexgc | 3.95% | ||
| OM | 19.84% | ||
| PM (TTM) | 10.84% | ||
| GM | 54.16% | ||
| FCFM | 12.6% |
ROA(3y)1.01%
ROA(5y)0.92%
ROE(3y)5.78%
ROE(5y)5.14%
ROIC(3y)2.32%
ROIC(5y)2.29%
ROICexc(3y)2.53%
ROICexc(5y)2.5%
ROICexgc(3y)3.23%
ROICexgc(5y)3.23%
ROCE(3y)2.94%
ROCE(5y)2.9%
ROICexgc growth 3Y27.14%
ROICexgc growth 5Y-4.6%
ROICexc growth 3Y28.34%
ROICexc growth 5Y-4.52%
OM growth 3Y23.05%
OM growth 5Y-5.33%
PM growth 3YN/A
PM growth 5Y-7.53%
GM growth 3Y1.23%
GM growth 5Y-0.78%
F-Score8
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 24.05 | ||
| Debt/EBITDA | 6.66 | ||
| Cap/Depr | 73.36% | ||
| Cap/Sales | 18.84% | ||
| Interest Coverage | 1.59 | ||
| Cash Conversion | 69.07% | ||
| Profit Quality | 116.25% | ||
| Current Ratio | 5.01 | ||
| Quick Ratio | 5.01 | ||
| Altman-Z | N/A |
F-Score8
WACC5.93%
ROIC/WACC0.48
Cap/Depr(3y)59.56%
Cap/Depr(5y)78.28%
Cap/Sales(3y)17.15%
Cap/Sales(5y)21.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.45%
EPS 3YN/A
EPS 5Y-5%
EPS Q2Q%-28.05%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.72%
Revenue growth 3Y6.68%
Revenue growth 5Y0.22%
Sales Q2Q%6.4%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y15.49%
EBIT growth 3Y31.26%
EBIT growth 5Y-5.13%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.73%
FCF growth 3Y33.48%
FCF growth 5Y20.95%
OCF growth 1Y10.1%
OCF growth 3Y8.45%
OCF growth 5Y-3.58%
EMPIRE STATE REALTY OP LP-ES / ESBA FAQ
What is the fundamental rating for ESBA stock?
ChartMill assigns a fundamental rating of 4 / 10 to ESBA.
What is the valuation status of EMPIRE STATE REALTY OP LP-ES (ESBA) stock?
ChartMill assigns a valuation rating of 3 / 10 to EMPIRE STATE REALTY OP LP-ES (ESBA). This can be considered as Overvalued.
How profitable is EMPIRE STATE REALTY OP LP-ES (ESBA) stock?
EMPIRE STATE REALTY OP LP-ES (ESBA) has a profitability rating of 5 / 10.
What is the financial health of EMPIRE STATE REALTY OP LP-ES (ESBA) stock?
The financial health rating of EMPIRE STATE REALTY OP LP-ES (ESBA) is 5 / 10.
Is the dividend of EMPIRE STATE REALTY OP LP-ES sustainable?
The dividend rating of EMPIRE STATE REALTY OP LP-ES (ESBA) is 3 / 10 and the dividend payout ratio is 51.56%.