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NET LEASE OFFICE PROPERTY (NLOP) Stock Fundamental Analysis

NYSE:NLOP - New York Stock Exchange, Inc. - US64110Y1082 - REIT - Currency: USD

31.8  -0.83 (-2.54%)

After market: 31.8 0 (0%)

Fundamental Rating

3

Overall NLOP gets a fundamental rating of 3 out of 10. We evaluated NLOP against 129 industry peers in the Diversified REITs industry. NLOP has a medium profitability rating, but doesn't score so well on its financial health evaluation. NLOP does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

NLOP had negative earnings in the past year.
In the past year NLOP had a positive cash flow from operations.
Of the past 5 years NLOP 4 years were profitable.
NLOP had a positive operating cash flow in each of the past 5 years.
NLOP Yearly Net Income VS EBIT VS OCF VS FCFNLOP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 50M -50M -100M

1.2 Ratios

The Return On Assets of NLOP (-21.50%) is worse than 97.62% of its industry peers.
NLOP's Return On Equity of -31.80% is on the low side compared to the rest of the industry. NLOP is outperformed by 92.86% of its industry peers.
The Return On Invested Capital of NLOP (3.23%) is better than 62.70% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NLOP is in line with the industry average of 3.11%.
The last Return On Invested Capital (3.23%) for NLOP is above the 3 year average (2.70%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -21.5%
ROE -31.8%
ROIC 3.23%
ROA(3y)-2.97%
ROA(5y)N/A
ROE(3y)-5.97%
ROE(5y)N/A
ROIC(3y)2.7%
ROIC(5y)N/A
NLOP Yearly ROA, ROE, ROICNLOP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 -5 -10 -15

1.3 Margins

NLOP's Operating Margin of 22.23% is in line compared to the rest of the industry. NLOP outperforms 51.59% of its industry peers.
In the last couple of years the Operating Margin of NLOP has declined.
Looking at the Gross Margin, with a value of 73.19%, NLOP is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
NLOP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 22.23%
PM (TTM) N/A
GM 73.19%
OM growth 3Y-12.68%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.81%
GM growth 5YN/A
NLOP Yearly Profit, Operating, Gross MarginsNLOP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 50 -50

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3

2. Health

2.1 Basic Checks

NLOP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NLOP remains at a similar level compared to 1 year ago.
NLOP has a worse debt/assets ratio than last year.
NLOP Yearly Shares OutstandingNLOP Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 5M 10M
NLOP Yearly Total Debt VS Total AssetsNLOP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 0.96, we must say that NLOP is in the distress zone and has some risk of bankruptcy.
NLOP has a better Altman-Z score (0.96) than 71.43% of its industry peers.
The Debt to FCF ratio of NLOP is 4.55, which is a neutral value as it means it would take NLOP, 4.55 years of fcf income to pay off all of its debts.
NLOP has a better Debt to FCF ratio (4.55) than 98.41% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that NLOP is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.38, NLOP belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 4.55
Altman-Z 0.96
ROIC/WACC0.46
WACC7.06%
NLOP Yearly LT Debt VS Equity VS FCFNLOP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

NLOP has a Current Ratio of 0.82. This is a bad value and indicates that NLOP is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.82, NLOP is not doing good in the industry: 63.49% of the companies in the same industry are doing better.
A Quick Ratio of 0.82 indicates that NLOP may have some problems paying its short term obligations.
NLOP's Quick ratio of 0.82 is on the low side compared to the rest of the industry. NLOP is outperformed by 60.32% of its industry peers.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.82
NLOP Yearly Current Assets VS Current LiabilitesNLOP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 20M 40M 60M

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1

3. Growth

3.1 Past

NLOP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -933.74%.
The Revenue has grown by 12.01% in the past year. This is quite good.
Measured over the past years, NLOP shows a small growth in Revenue. The Revenue has been growing by 6.51% on average per year.
EPS 1Y (TTM)-933.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1534.42%
Revenue 1Y (TTM)12.01%
Revenue growth 3Y6.51%
Revenue growth 5YN/A
Sales Q2Q%-26.98%

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.
NLOP Yearly Revenue VS EstimatesNLOP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 50M 100M 150M
NLOP Yearly EPS VS EstimatesNLOP Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NLOP. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NLOP Price Earnings VS Forward Price EarningsNLOP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NLOP indicates a rather cheap valuation: NLOP is cheaper than 99.21% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NLOP indicates a rather cheap valuation: NLOP is cheaper than 92.86% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.93
EV/EBITDA 5.12
NLOP Per share dataNLOP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

NLOP does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NET LEASE OFFICE PROPERTY

NYSE:NLOP (2/21/2025, 8:04:01 PM)

After market: 31.8 0 (0%)

31.8

-0.83 (-2.54%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners69.49%
Inst Owner Change3%
Ins Owners0.53%
Ins Owner Change0.38%
Market Cap470.32M
Analysts82.86
Price Target46.92 (47.55%)
Short Float %4.24%
Short Ratio4.4
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend23.54
Dividend Growth(5Y)N/A
DP-174.43%
Div Incr Years0
Div Non Decr Years0
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)0%
PT rev (3m)0%
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 RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.92
P/FCF 8.93
P/OCF 6.87
P/B 0.76
P/tB 0.76
EV/EBITDA 5.12
EPS(TTM)-13.46
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)3.56
FCFY11.19%
OCF(TTM)4.63
OCFY14.56%
SpS10.88
BVpS42.05
TBVpS42.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -21.5%
ROE -31.8%
ROCE 4.08%
ROIC 3.23%
ROICexc 3.36%
ROICexgc 3.49%
OM 22.23%
PM (TTM) N/A
GM 73.19%
FCFM 32.71%
ROA(3y)-2.97%
ROA(5y)N/A
ROE(3y)-5.97%
ROE(5y)N/A
ROIC(3y)2.7%
ROIC(5y)N/A
ROICexc(3y)2.71%
ROICexc(5y)N/A
ROICexgc(3y)2.93%
ROICexgc(5y)N/A
ROCE(3y)3.41%
ROCE(5y)N/A
ROICexcg growth 3Y0.68%
ROICexcg growth 5YN/A
ROICexc growth 3Y1.8%
ROICexc growth 5YN/A
OM growth 3Y-12.68%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.81%
GM growth 5YN/A
F-Score4
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 4.55
Debt/EBITDA 1.79
Cap/Depr 16.15%
Cap/Sales 9.84%
Interest Coverage 250
Cash Conversion 51.16%
Profit Quality N/A
Current Ratio 0.82
Quick Ratio 0.82
Altman-Z 0.96
F-Score4
WACC7.06%
ROIC/WACC0.46
Cap/Depr(3y)20.21%
Cap/Depr(5y)31.76%
Cap/Sales(3y)8.55%
Cap/Sales(5y)13.2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-933.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1534.42%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.01%
Revenue growth 3Y6.51%
Revenue growth 5YN/A
Sales Q2Q%-26.98%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-7.04%
EBIT growth 3Y-6.99%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2.07%
FCF growth 3Y-4.73%
FCF growth 5YN/A
OCF growth 1Y-15.8%
OCF growth 3Y-1.23%
OCF growth 5YN/A