EMPIRE STATE REALTY OP LP-ES (ESBA) Stock Fundamental Analysis
USA - NYSEARCA:ESBA - US2921021000
6.3529 USD
-0.29 (-4.32%)
Taking everything into account, ESBA scores 4 out of 10 in our fundamental rating. ESBA was compared to 128 industry peers in the Diversified REITs industry. ESBA has only an average score on both its financial health and profitability. ESBA is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ESBA was profitable.
ESBA had a positive operating cash flow in the past year.
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 has a Return On Assets of 1.90%. This is in the better half of the industry: ESBA outperforms 64.06% of its industry peers.
Looking at the Return On Equity, with a value of 10.98%, ESBA belongs to the top of the industry, outperforming 91.41% of the companies in the same industry.
ESBA has a Return On Invested Capital (2.83%) which is in line with its industry peers.
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 last Return On Invested Capital (2.83%) for ESBA is above the 3 year average (2.32%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 10.84%, ESBA is in line with its industry, outperforming 59.38% of the companies in the same industry.
In the last couple of years the Profit Margin of ESBA has declined.
The Operating Margin of ESBA (19.84%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ESBA has declined.
ESBA has a Gross Margin of 54.16%. This is in the lower half of the industry: ESBA underperforms 75.00% of its industry peers.
In the last couple of years the Gross Margin of ESBA has remained more or less at the same level.
| 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.
The number of shares outstanding for ESBA has been reduced compared to 1 year ago.
The number of shares outstanding for ESBA has been reduced compared to 5 years ago.
The debt/assets ratio for ESBA has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of ESBA is 24.05, which is on the high side as it means it would take ESBA, 24.05 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 24.05, ESBA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
ESBA has a Debt/Equity ratio of 3.07. This is a high value indicating a heavy dependency on external financing.
ESBA has a Debt to Equity ratio of 3.07. This is in the lower half of the industry: ESBA underperforms 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
WACC5.87%
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.
Looking at the Current ratio, with a value of 5.01, ESBA belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
A Quick Ratio of 5.01 indicates that ESBA has no problem at all paying its short term obligations.
The Quick ratio of ESBA (5.01) is better than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.01 | ||
| Quick Ratio | 5.01 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 37.45% over the past year.
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.
The Revenue has been growing slightly by 1.72% in the past year.
The Revenue has been growing slightly by 0.22% on average over the past years.
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
Based on the Price/Earnings ratio of 21.18, the valuation of ESBA can be described as rather expensive.
81.25% of the companies in the same industry are more expensive than ESBA, based on the Price/Earnings ratio.
ESBA is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.07, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.18 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ESBA is valued cheaply inside the industry as 96.88% of the companies are valued more expensively.
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 | 7.36 | ||
| EV/EBITDA | 7.75 |
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
ESBA has a Yearly Dividend Yield of 1.35%.
Compared to an average industry Dividend Yield of 6.50, ESBA's dividend is way lower than its industry peers. On top of this 90.63% of the companies listed in the same industry pay a better dividend than ESBA!
Compared to an average S&P500 Dividend Yield of 2.44, ESBA's dividend is way lower than the S&P500 average.
| 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 (11/21/2025, 10:05:52 AM)
6.3529
-0.29 (-4.32%)
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-1.48%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap685.47M
Revenue(TTM)739.57M
Net Income(TTM)80.14M
Analysts0
Price TargetN/A
Short Float %0.02%
Short Ratio0.5
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 | 21.18 | ||
| Fwd PE | N/A | ||
| P/S | 0.93 | ||
| P/FCF | 7.36 | ||
| P/OCF | 2.95 | ||
| P/B | 0.94 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.75 |
EPS(TTM)0.3
EY4.72%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.86
FCFY13.59%
OCF(TTM)2.15
OCFY33.92%
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
WACC5.87%
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 4 / 10 to EMPIRE STATE REALTY OP LP-ES (ESBA). This can be considered as Fairly Valued.
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%.