SL GREEN REALTY CORP (SLG)
US78440X8873 - REIT
Overall SLG gets a fundamental rating of 2 out of 10. We evaluated SLG against 130 industry peers in the Diversified REITs industry. Both the profitability and financial health of SLG have multiple concerns. SLG has a expensive valuation and it also scores bad on growth.
1. Profitability
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.
SLG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -1.57%, SLG is not doing good in the industry: 76.56% of the companies in the same industry are doing better.
SLG's Return On Equity of -4.32% is on the low side compared to the rest of the industry. SLG is outperformed by 74.22% of its industry peers.
SLG has a Return On Invested Capital of 0.82%. This is amonst the worse of the industry: SLG underperforms 87.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SLG is in line with the industry average of 3.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.57% | ||
| ROE | -4.32% | ||
| ROIC | 0.82% |
ROA(3y)-0.99%
ROA(5y)0.41%
ROE(3y)-2.67%
ROE(5y)0.68%
ROIC(3y)1.11%
ROIC(5y)1.52%
1.3 Margins
Looking at the Operating Margin, with a value of 10.22%, SLG is doing worse than 80.47% of the companies in the same industry.
In the last couple of years the Operating Margin of SLG has declined.
SLG's Gross Margin of 43.21% is on the low side compared to the rest of the industry. SLG is outperformed by 83.59% of its industry peers.
SLG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.22% | ||
| PM (TTM) | N/A | ||
| GM | 43.21% |
OM growth 3Y-29.3%
OM growth 5Y-25.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.92%
GM growth 5Y-5.56%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SLG is destroying value.
The number of shares outstanding for SLG has been increased compared to 1 year ago.
Compared to 5 years ago, SLG has less shares outstanding
The debt/assets ratio for SLG has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.46, we must say that SLG is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SLG (0.46) is comparable to the rest of the industry.
SLG has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
SLG has a Debt to Equity ratio of 1.05. This is comparable to the rest of the industry: SLG outperforms 55.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.46 |
ROIC/WACC0.12
WACC6.66%
2.3 Liquidity
A Current Ratio of 0.50 indicates that SLG may have some problems paying its short term obligations.
SLG's Current ratio of 0.50 is on the low side compared to the rest of the industry. SLG is outperformed by 86.72% of its industry peers.
A Quick Ratio of 0.50 indicates that SLG may have some problems paying its short term obligations.
With a Quick ratio value of 0.50, SLG is not doing good in the industry: 82.81% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.12% over the past year.
The Revenue has grown by 11.09% in the past year. This is quite good.
The Revenue has been decreasing by -5.73% on average over the past years.
EPS 1Y (TTM)22.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.74%
Revenue 1Y (TTM)11.09%
Revenue growth 3Y-4.61%
Revenue growth 5Y-5.73%
Sales Q2Q%-7.53%
3.2 Future
Based on estimates for the next years, SLG will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.10% on average per year.
Based on estimates for the next years, SLG will show a decrease in Revenue. The Revenue will decrease by -5.11% on average per year.
EPS Next Y91.47%
EPS Next 2Y26.97%
EPS Next 3Y17.54%
EPS Next 5Y10.1%
Revenue Next Year-25.43%
Revenue Next 2Y-11.39%
Revenue Next 3Y-6.05%
Revenue Next 5Y-5.11%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SLG is valued expensively inside the industry as 93.75% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 28.23 |
4.3 Compensation for Growth
SLG's earnings are expected to grow with 17.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.97%
EPS Next 3Y17.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.63%, SLG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 16.05, SLG has a dividend in line with its industry peers.
SLG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.63% |
5.2 History
The dividend of SLG decreases each year by -0.47%.
SLG has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-0.47%
Div Incr Years0
Div Non Decr Years0
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.
DP-137.45%
EPS Next 2Y26.97%
EPS Next 3Y17.54%
SL GREEN REALTY CORP
NYSE:SLG (12/26/2024, 7:00:00 PM)
After market: 68.07 0 (0%)68.07
-0.23 (-0.34%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.44%
Inst Owner Change-4.33%
Ins Owners0.07%
Ins Owner Change-0.32%
Market Cap4.88B
Analysts65.45
Price Target71.15 (4.52%)
Short Float %10.14%
Short Ratio8.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.63% |
Dividend Growth(5Y)-0.47%
DP-137.45%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)63.61%
Min EPS beat(2)58.08%
Max EPS beat(2)69.14%
EPS beat(4)3
Avg EPS beat(4)-7.73%
Min EPS beat(4)-174.61%
Max EPS beat(4)69.14%
EPS beat(8)3
Avg EPS beat(8)-1276.65%
EPS beat(12)5
Avg EPS beat(12)-953.23%
EPS beat(16)9
Avg EPS beat(16)226.18%
Revenue beat(2)1
Avg Revenue beat(2)1.53%
Min Revenue beat(2)-3.02%
Max Revenue beat(2)6.08%
Revenue beat(4)1
Avg Revenue beat(4)-1.72%
Min Revenue beat(4)-7.13%
Max Revenue beat(4)6.08%
Revenue beat(8)3
Avg Revenue beat(8)-1.86%
Revenue beat(12)7
Avg Revenue beat(12)7.18%
Revenue beat(16)11
Avg Revenue beat(16)8.85%
PT rev (1m)8.98%
PT rev (3m)29.02%
EPS NQ rev (1m)8.09%
EPS NQ rev (3m)-36.17%
EPS NY rev (1m)33.47%
EPS NY rev (3m)39.85%
Revenue NQ rev (1m)-0.66%
Revenue NQ rev (3m)7.49%
Revenue NY rev (1m)-4.8%
Revenue NY rev (3m)1.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 5.22 | ||
| P/FCF | N/A | ||
| P/OCF | 40.82 | ||
| P/B | 1.31 | ||
| P/tB | 1.34 | ||
| EV/EBITDA | 28.23 |
EPS(TTM)-2.5
EYN/A
EPS(NY)-1.8
Fwd EYN/A
FCF(TTM)-1.52
FCFYN/A
OCF(TTM)1.67
OCFY2.45%
SpS13.05
BVpS51.9
TBVpS50.79
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.57% | ||
| ROE | -4.32% | ||
| ROCE | 1.04% | ||
| ROIC | 0.82% | ||
| ROICexc | 0.84% | ||
| ROICexgc | 0.89% | ||
| OM | 10.22% | ||
| PM (TTM) | N/A | ||
| GM | 43.21% | ||
| FCFM | N/A |
ROA(3y)-0.99%
ROA(5y)0.41%
ROE(3y)-2.67%
ROE(5y)0.68%
ROIC(3y)1.11%
ROIC(5y)1.52%
ROICexc(3y)1.14%
ROICexc(5y)1.55%
ROICexgc(3y)1.18%
ROICexgc(5y)1.61%
ROCE(3y)1.41%
ROCE(5y)1.92%
ROICexcg growth 3Y-26.13%
ROICexcg growth 5Y-23.44%
ROICexc growth 3Y-26.35%
ROICexc growth 5Y-23.85%
OM growth 3Y-29.3%
OM growth 5Y-25.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.92%
GM growth 5Y-5.56%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 12.83 | ||
| Cap/Depr | 108.57% | ||
| Cap/Sales | 24.39% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 39.09% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z | 0.46 |
F-Score6
WACC6.66%
ROIC/WACC0.12
Cap/Depr(3y)154.9%
Cap/Depr(5y)162.74%
Cap/Sales(3y)40.7%
Cap/Sales(5y)43.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.74%
EPS Next Y91.47%
EPS Next 2Y26.97%
EPS Next 3Y17.54%
EPS Next 5Y10.1%
Revenue 1Y (TTM)11.09%
Revenue growth 3Y-4.61%
Revenue growth 5Y-5.73%
Sales Q2Q%-7.53%
Revenue Next Year-25.43%
Revenue Next 2Y-11.39%
Revenue Next 3Y-6.05%
Revenue Next 5Y-5.11%
EBIT growth 1Y1.57%
EBIT growth 3Y-32.56%
EBIT growth 5Y-29.72%
EBIT Next Year413.34%
EBIT Next 3Y74.89%
EBIT Next 5Y11.76%
FCF growth 1Y-178.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-61.98%
OCF growth 3Y-25.46%
OCF growth 5Y-12.27%