ORION OFFICE REIT INC (ONL)
US68629Y1038 - REIT
We assign a fundamental rating of 3 out of 10 to ONL. ONL was compared to 129 industry peers in the Diversified REITs industry. The financial health of ONL is average, but there are quite some concerns on its profitability. ONL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ONL was profitable.
In the past year ONL had a positive cash flow from operations.
In the past 5 years ONL reported 4 times negative net income.
ONL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ONL has a Return On Assets of -6.31%. This is amonst the worse of the industry: ONL underperforms 90.48% of its industry peers.
ONL has a Return On Equity of -10.79%. This is amonst the worse of the industry: ONL underperforms 82.54% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
ONL has a Gross Margin of 62.91%. This is in the lower half of the industry: ONL underperforms 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
ONL does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for ONL has been reduced compared to 1 year ago.
Compared to 1 year ago, ONL has an improved debt to assets ratio.
2.2 Solvency
ONL has an Altman-Z score of -0.13. This is a bad value and indicates that ONL is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.13, ONL is doing worse than 81.75% of the companies in the same industry.
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.
ONL's Debt to FCF ratio of 70.73 is in line compared to the rest of the industry. ONL outperforms 52.38% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that ONL is somewhat dependend on debt financing.
ONL's Debt to Equity ratio of 0.60 is amongst the best of the industry. ONL outperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 70.73 | ||
| Altman-Z | -0.13 |
ROIC/WACCN/A
WACC5.97%
2.3 Liquidity
ONL has a Current Ratio of 1.08. This is a normal value and indicates that ONL is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.08, ONL perfoms like the industry average, outperforming 42.06% of the companies in the same industry.
ONL has a Quick Ratio of 1.08. This is a normal value and indicates that ONL is financially healthy and should not expect problems in meeting its short term obligations.
ONL has a Quick ratio of 1.08. This is comparable to the rest of the industry: ONL outperforms 46.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
ONL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.96%.
Looking at the last year, ONL shows a very negative growth in Revenue. The Revenue has decreased by -15.61% in the last year.
The Revenue has been growing by 28.85% on average over the past years. This is a very strong growth!
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.
4. Valuation
4.1 Price/Earnings Ratio
ONL is valuated cheaply with a Price/Earnings ratio of 3.34.
Based on the Price/Earnings ratio, ONL is valued cheaper than 96.83% of the companies in the same industry.
ONL is valuated cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.34 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ONL indicates a somewhat cheap valuation: ONL is cheaper than 72.22% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ONL indicates a somewhat cheap valuation: ONL is cheaper than 63.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.44 | ||
| EV/EBITDA | 12.07 |
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
ONL has a Yearly Dividend Yield of 10.81%, which is a nice return.
ONL's Dividend Yield is rather good when compared to the industry average which is at 15.48. ONL pays more dividend than 91.27% of the companies in the same industry.
ONL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.81% |
5.2 History
ONL has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
The earnings of ONL are negative and hence is the payout ratio. ONL will probably not be able to sustain this dividend level.
DP-25.85%
EPS Next 2YN/A
EPS Next 3YN/A
ORION OFFICE REIT INC
NYSE:ONL (1/3/2025, 8:04:01 PM)
After market: 3.84 0 (0%)3.84
+0.14 (+3.78%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners63.75%
Inst Owner Change-5.73%
Ins Owners9.56%
Ins Owner Change-2.1%
Market Cap214.85M
Analysts45
Price Target8.16 (112.5%)
Short Float %0.91%
Short Ratio1.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.81% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.34 | ||
| Fwd PE | N/A | ||
| P/S | 1.27 | ||
| P/FCF | 31.44 | ||
| P/OCF | 3.51 | ||
| P/B | 0.27 | ||
| P/tB | 0.31 | ||
| EV/EBITDA | 12.07 |
EPS(TTM)1.15
EY29.95%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.12
FCFY3.18%
OCF(TTM)1.09
OCFY28.51%
SpS3.03
BVpS14.32
TBVpS12.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | -0.13 |
F-Score3
WACC5.97%
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%