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ORION OFFICE REIT INC (ONL) Stock Fundamental Analysis

NYSE:ONL - New York Stock Exchange, Inc. - US68629Y1038 - REIT - Currency: USD

4.03  -0.09 (-2.18%)

After market: 4.03 0 (0%)

Fundamental Rating

3

Overall ONL gets a fundamental rating of 3 out of 10. We evaluated ONL against 128 industry peers in the Diversified REITs industry. ONL scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. ONL has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year ONL was profitable.
ONL had a positive operating cash flow in the past year.
In the past 5 years ONL reported 4 times negative net income.
Each year in the past 5 years ONL had a positive operating cash flow.
ONL Yearly Net Income VS EBIT VS OCF VS FCFONL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

1.2 Ratios

ONL's Return On Assets of -6.31% is on the low side compared to the rest of the industry. ONL is outperformed by 89.68% of its industry peers.
The Return On Equity of ONL (-10.79%) is worse than 80.16% of its industry peers.
Industry RankSector Rank
ROA -6.31%
ROE -10.79%
ROIC N/A
ROA(3y)-4.31%
ROA(5y)-2.14%
ROE(3y)-6.95%
ROE(5y)-3.64%
ROIC(3y)N/A
ROIC(5y)N/A
ONL Yearly ROA, ROE, ROICONL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 2 -2 -4 -6 -8 -10

1.3 Margins

The Gross Margin of ONL (62.91%) is worse than 66.67% of its industry peers.
In the last couple of years the Gross Margin of ONL has declined.
The Profit Margin and Operating Margin are not available for ONL so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 62.91%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.32%
GM growth 5Y-5.28%
ONL Yearly Profit, Operating, Gross MarginsONL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 50 -50

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4

2. Health

2.1 Basic Checks

ONL does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, ONL has less shares outstanding
ONL has a better debt/assets ratio than last year.
ONL Yearly Shares OutstandingONL Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
ONL Yearly Total Debt VS Total AssetsONL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of -0.12, we must say that ONL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.12, ONL is not doing good in the industry: 81.75% of the companies in the same industry are doing better.
The Debt to FCF ratio of ONL is 70.73, which is on the high side as it means it would take ONL, 70.73 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 70.73, ONL is in line with its industry, outperforming 53.97% of the companies in the same industry.
ONL has a Debt/Equity ratio of 0.60. This is a neutral value indicating ONL is somewhat dependend on debt financing.
ONL has a Debt to Equity ratio of 0.60. This is amongst the best in the industry. ONL outperforms 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 70.73
Altman-Z -0.12
ROIC/WACCN/A
WACC6.85%
ONL Yearly LT Debt VS Equity VS FCFONL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 1.08 indicates that ONL should not have too much problems paying its short term obligations.
ONL's Current ratio of 1.08 is in line compared to the rest of the industry. ONL outperforms 46.03% of its industry peers.
A Quick Ratio of 1.08 indicates that ONL should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.08, ONL perfoms like the industry average, outperforming 50.79% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.08
Quick Ratio 1.08
ONL Yearly Current Assets VS Current LiabilitesONL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 10M 20M 30M 40M

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2

3. Growth

3.1 Past

The earnings per share for ONL have decreased strongly by -45.96% in the last year.
Looking at the last year, ONL shows a very negative growth in Revenue. The Revenue has decreased by -15.61% in the last year.
ONL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.85% yearly.
EPS 1Y (TTM)-45.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-51.16%
Revenue 1Y (TTM)-15.61%
Revenue growth 3Y53.7%
Revenue growth 5Y28.85%
Sales Q2Q%-20.17%

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.
ONL Yearly Revenue VS EstimatesONL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
ONL Yearly EPS VS EstimatesONL Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 -0.5 -1 -1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 3.50, the valuation of ONL can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of ONL indicates a rather cheap valuation: ONL is cheaper than 96.83% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ONL to the average of the S&P500 Index (29.62), we can say ONL is valued rather cheaply.
Industry RankSector Rank
PE 3.5
Fwd PE N/A
ONL Price Earnings VS Forward Price EarningsONL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ONL is valued a bit cheaper than the industry average as 69.05% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ONL is valued a bit cheaper than the industry average as 61.90% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 32.99
EV/EBITDA 12.26
ONL Per share dataONL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

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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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 9.71%, ONL is a good candidate for dividend investing.
ONL's Dividend Yield is rather good when compared to the industry average which is at 18.31. ONL pays more dividend than 87.30% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, ONL pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.71%

5.2 History

ONL has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
ONL Yearly Dividends per shareONL Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 0 0 0 0 0

5.3 Sustainability

ONL has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-25.85%
EPS Next 2YN/A
EPS Next 3YN/A
ONL Yearly Income VS Free CF VS DividendONL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

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ORION OFFICE REIT INC

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

After market: 4.03 0 (0%)

4.03

-0.09 (-2.18%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)03-05 2025-03-05
Inst Owners59.73%
Inst Owner Change-81.28%
Ins Owners8.23%
Ins Owner Change-0.23%
Market Cap225.48M
Analysts45
Price TargetN/A
Short Float %1.03%
Short Ratio1.68
Dividend
Industry RankSector Rank
Dividend Yield 9.71%
Yearly Dividend0.4
Dividend Growth(5Y)N/A
DP-25.85%
Div Incr Years0
Div Non Decr Years2
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 3.5
Fwd PE N/A
P/S 1.33
P/FCF 32.99
P/OCF 3.68
P/B 0.28
P/tB 0.32
EV/EBITDA 12.26
EPS(TTM)1.15
EY28.54%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.12
FCFY3.03%
OCF(TTM)1.09
OCFY27.16%
SpS3.03
BVpS14.32
TBVpS12.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -6.31%
ROE -10.79%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 62.91%
FCFM 4.03%
ROA(3y)-4.31%
ROA(5y)-2.14%
ROE(3y)-6.95%
ROE(5y)-3.64%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.32%
GM growth 5Y-5.28%
F-Score3
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 70.73
Debt/EBITDA 8.56
Cap/Depr 49.9%
Cap/Sales 32.11%
Interest Coverage N/A
Cash Conversion 108.47%
Profit Quality N/A
Current Ratio 1.08
Quick Ratio 1.08
Altman-Z -0.12
F-Score3
WACC6.85%
ROIC/WACCN/A
Cap/Depr(3y)16.81%
Cap/Depr(5y)10.84%
Cap/Sales(3y)9.58%
Cap/Sales(5y)6.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-45.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-51.16%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.61%
Revenue growth 3Y53.7%
Revenue growth 5Y28.85%
Sales Q2Q%-20.17%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-69.92%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-92.84%
FCF growth 3Y17.79%
FCF growth 5Y11.52%
OCF growth 1Y-45.56%
OCF growth 3Y28.18%
OCF growth 5Y16.23%