SL GREEN REALTY CORP (SLG) Fundamental Analysis & Valuation

NYSE:SLG • US78440X8873

Current stock price

36.06 USD
-0.62 (-1.69%)
At close:
36.06 USD
0 (0%)
After Hours:

This SLG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. SLG Profitability Analysis

1.1 Basic Checks

  • SLG had negative earnings in the past year.
  • SLG had a positive operating cash flow in the past year.
  • In multiple years SLG reported negative net income over the last 5 years.
  • In the past 5 years SLG always reported a positive cash flow from operatings.
SLG Yearly Net Income VS EBIT VS OCF VS FCFSLG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M

1.2 Ratios

  • SLG has a worse Return On Assets (-1.03%) than 67.21% of its industry peers.
  • SLG has a Return On Equity of -2.94%. This is in the lower half of the industry: SLG underperforms 64.75% of its industry peers.
  • With a Return On Invested Capital value of 1.49%, SLG is not doing good in the industry: 73.77% of the companies in the same industry are doing better.
  • SLG had an Average Return On Invested Capital over the past 3 years of 1.10%. This is below the industry average of 3.11%.
  • The last Return On Invested Capital (1.49%) for SLG is above the 3 year average (1.10%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -1.03%
ROE -2.94%
ROIC 1.49%
ROA(3y)-2.36%
ROA(5y)-0.79%
ROE(3y)-5.85%
ROE(5y)-2.17%
ROIC(3y)1.1%
ROIC(5y)1.2%
SLG Yearly ROA, ROE, ROICSLG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 -10

1.3 Margins

  • SLG has a Operating Margin (18.97%) which is comparable to the rest of the industry.
  • SLG's Operating Margin has declined in the last couple of years.
  • SLG's Gross Margin of 47.64% is on the low side compared to the rest of the industry. SLG is outperformed by 79.51% of its industry peers.
  • SLG's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 18.97%
PM (TTM) N/A
GM 47.64%
OM growth 3Y-0.68%
OM growth 5Y-2.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.56%
GM growth 5Y-5.46%
SLG Yearly Profit, Operating, Gross MarginsSLG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60 -60

0

2. SLG Health Analysis

2.1 Basic Checks

  • SLG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • SLG has about the same amout of shares outstanding than it did 1 year ago.
  • SLG has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for SLG is higher compared to a year ago.
SLG Yearly Shares OutstandingSLG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
SLG Yearly Total Debt VS Total AssetsSLG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • Based on the Altman-Z score of 0.21, we must say that SLG is in the distress zone and has some risk of bankruptcy.
  • SLG has a Altman-Z score of 0.21. This is in the lower half of the industry: SLG underperforms 60.66% of its industry peers.
  • A Debt/Equity ratio of 1.33 is on the high side and indicates that SLG has dependencies on debt financing.
  • SLG has a Debt to Equity ratio (1.33) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Altman-Z 0.21
ROIC/WACC0.24
WACC6.3%
SLG Yearly LT Debt VS Equity VS FCFSLG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • SLG has a Current Ratio of 0.47. This is a bad value and indicates that SLG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SLG has a worse Current ratio (0.47) than 75.41% of its industry peers.
  • A Quick Ratio of 0.47 indicates that SLG may have some problems paying its short term obligations.
  • SLG has a Quick ratio of 0.47. This is in the lower half of the industry: SLG underperforms 75.41% of its industry peers.
Industry RankSector Rank
Current Ratio 0.47
Quick Ratio 0.47
SLG Yearly Current Assets VS Current LiabilitesSLG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2

3. SLG Growth Analysis

3.1 Past

  • The earnings per share for SLG have decreased strongly by -2100.00% in the last year.
  • Looking at the last year, SLG shows a quite strong growth in Revenue. The Revenue has grown by 13.18% in the last year.
  • Measured over the past years, SLG shows a decrease in Revenue. The Revenue has been decreasing by -0.96% on average per year.
EPS 1Y (TTM)-2100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1115.38%
Revenue 1Y (TTM)13.18%
Revenue growth 3Y2.94%
Revenue growth 5Y-0.96%
Sales Q2Q%-35%

3.2 Future

  • The Earnings Per Share is expected to decrease by -4.56% on average over the next years.
  • SLG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.99% yearly.
EPS Next Y-60.34%
EPS Next 2Y-21.93%
EPS Next 3Y-12.07%
EPS Next 5Y-4.56%
Revenue Next Year12.13%
Revenue Next 2Y3.62%
Revenue Next 3Y4.51%
Revenue Next 5Y2.99%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SLG Yearly Revenue VS EstimatesSLG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B
SLG Yearly EPS VS EstimatesSLG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 5 -5

0

4. SLG Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for SLG. In the last year negative earnings were reported.
  • Also next year SLG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SLG Price Earnings VS Forward Price EarningsSLG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60

4.2 Price Multiples

  • SLG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SLG is more expensive than 66.39% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 16.71
SLG Per share dataSLG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

  • A cheap valuation may be justified as SLG's earnings are expected to decrease with -12.07% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.93%
EPS Next 3Y-12.07%

5

5. SLG Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.99%, SLG is a good candidate for dividend investing.
  • The stock price of SLG dropped by -23.21% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 8.03, SLG pays a bit more dividend than its industry peers.
  • SLG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 6.99%

5.2 History

  • The dividend of SLG decreases each year by -3.27%.
  • SLG has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-3.27%
Div Incr Years0
Div Non Decr Years0
SLG Yearly Dividends per shareSLG Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • The earnings of SLG are negative and hence is the payout ratio. SLG will probably not be able to sustain this dividend level.
  • The Dividend Rate of SLG has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-213.58%
EPS Next 2Y-21.93%
EPS Next 3Y-12.07%
SLG Yearly Income VS Free CF VS DividendSLG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M

SLG Fundamentals: All Metrics, Ratios and Statistics

SL GREEN REALTY CORP

NYSE:SLG (4/2/2026, 8:04:00 PM)

After market: 36.06 0 (0%)

36.06

-0.62 (-1.69%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)01-28
Earnings (Next)04-15
Inst Owners96.47%
Inst Owner Change0%
Ins Owners0.08%
Ins Owner Change-5.14%
Market Cap2.56B
Revenue(TTM)1.00B
Net Income(TTM)-113.60M
Analysts73.33
Price Target49.09 (36.13%)
Short Float %15.48%
Short Ratio7.55
Dividend
Industry RankSector Rank
Dividend Yield 6.99%
Yearly Dividend3.41
Dividend Growth(5Y)-3.27%
DP-213.58%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)41.24%
Min EPS beat(2)-161.39%
Max EPS beat(2)243.88%
EPS beat(4)2
Avg EPS beat(4)-6.8%
Min EPS beat(4)-161.39%
Max EPS beat(4)243.88%
EPS beat(8)6
Avg EPS beat(8)33.02%
EPS beat(12)6
Avg EPS beat(12)0.61%
EPS beat(16)8
Avg EPS beat(16)-681.4%
Revenue beat(2)1
Avg Revenue beat(2)-2.43%
Min Revenue beat(2)-6.96%
Max Revenue beat(2)2.09%
Revenue beat(4)1
Avg Revenue beat(4)-4.61%
Min Revenue beat(4)-6.96%
Max Revenue beat(4)2.09%
Revenue beat(8)3
Avg Revenue beat(8)6.05%
Revenue beat(12)4
Avg Revenue beat(12)1.83%
Revenue beat(16)8
Avg Revenue beat(16)6.74%
PT rev (1m)-5.27%
PT rev (3m)-13.38%
EPS NQ rev (1m)6.15%
EPS NQ rev (3m)-87.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-53.2%
Revenue NQ rev (1m)2.61%
Revenue NQ rev (3m)4.7%
Revenue NY rev (1m)1.65%
Revenue NY rev (3m)3.82%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.55
P/FCF N/A
P/OCF 30.89
P/B 0.66
P/tB 0.69
EV/EBITDA 16.71
EPS(TTM)-1.6
EYN/A
EPS(NY)-2.57
Fwd EYN/A
FCF(TTM)-6.26
FCFYN/A
OCF(TTM)1.17
OCFY3.24%
SpS14.12
BVpS54.49
TBVpS52.5
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -1.03%
ROE -2.94%
ROCE 1.89%
ROIC 1.49%
ROICexc 1.52%
ROICexgc 1.61%
OM 18.97%
PM (TTM) N/A
GM 47.64%
FCFM N/A
ROA(3y)-2.36%
ROA(5y)-0.79%
ROE(3y)-5.85%
ROE(5y)-2.17%
ROIC(3y)1.1%
ROIC(5y)1.2%
ROICexc(3y)1.12%
ROICexc(5y)1.22%
ROICexgc(3y)1.19%
ROICexgc(5y)1.29%
ROCE(3y)1.39%
ROCE(5y)1.52%
ROICexgc growth 3Y6.27%
ROICexgc growth 5Y-1.2%
ROICexc growth 3Y5.95%
ROICexc growth 5Y-1.54%
OM growth 3Y-0.68%
OM growth 5Y-2.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.56%
GM growth 5Y-5.46%
F-Score4
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Debt/EBITDA 11.4
Cap/Depr 200.66%
Cap/Sales 52.57%
Interest Coverage 0.86
Cash Conversion 18.3%
Profit Quality N/A
Current Ratio 0.47
Quick Ratio 0.47
Altman-Z 0.21
F-Score4
WACC6.3%
ROIC/WACC0.24
Cap/Depr(3y)133.74%
Cap/Depr(5y)152.87%
Cap/Sales(3y)34.96%
Cap/Sales(5y)39.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1115.38%
EPS Next Y-60.34%
EPS Next 2Y-21.93%
EPS Next 3Y-12.07%
EPS Next 5Y-4.56%
Revenue 1Y (TTM)13.18%
Revenue growth 3Y2.94%
Revenue growth 5Y-0.96%
Sales Q2Q%-35%
Revenue Next Year12.13%
Revenue Next 2Y3.62%
Revenue Next 3Y4.51%
Revenue Next 5Y2.99%
EBIT growth 1Y37.29%
EBIT growth 3Y2.24%
EBIT growth 5Y-3.12%
EBIT Next Year100.77%
EBIT Next 3Y-7.27%
EBIT Next 5Y-0.85%
FCF growth 1Y-440.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-36.03%
OCF growth 3Y-33.04%
OCF growth 5Y-31.61%

SL GREEN REALTY CORP / SLG Fundamental Analysis FAQ

What is the ChartMill fundamental rating of SL GREEN REALTY CORP (SLG) stock?

ChartMill assigns a fundamental rating of 1 / 10 to SLG.


What is the valuation status of SL GREEN REALTY CORP (SLG) stock?

ChartMill assigns a valuation rating of 0 / 10 to SL GREEN REALTY CORP (SLG). This can be considered as Overvalued.


How profitable is SL GREEN REALTY CORP (SLG) stock?

SL GREEN REALTY CORP (SLG) has a profitability rating of 2 / 10.


What is the financial health of SL GREEN REALTY CORP (SLG) stock?

The financial health rating of SL GREEN REALTY CORP (SLG) is 0 / 10.