SL GREEN REALTY CORP (SLG)
US78440X8873 - REIT
SLG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. SLG may be in some trouble as it scores bad on both profitability and health. SLG is valued expensive and it does not seem to be growing.
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
SLG's Return On Assets of -1.79% is on the low side compared to the rest of the industry. SLG is outperformed by 77.17% of its industry peers.
Looking at the Return On Equity, with a value of -4.44%, SLG is doing worse than 74.02% of the companies in the same industry.
SLG has a Return On Invested Capital of 0.70%. This is amonst the worse of the industry: SLG underperforms 88.19% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SLG is in line with the industry average of 3.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.79% | ||
| ROE | -4.44% | ||
| ROIC | 0.7% |
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
With a Operating Margin value of 8.53%, SLG is not doing good in the industry: 85.04% of the companies in the same industry are doing better.
SLG's Operating Margin has declined in the last couple of years.
The Gross Margin of SLG (43.52%) is worse than 83.46% of its industry peers.
In the last couple of years the Gross Margin of SLG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.53% | ||
| PM (TTM) | N/A | ||
| GM | 43.52% |
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.
Compared to 1 year ago, SLG has more shares outstanding
The number of shares outstanding for SLG has been reduced compared to 5 years ago.
SLG has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.56, we must say that SLG is in the distress zone and has some risk of bankruptcy.
SLG's Altman-Z score of 0.56 is in line compared to the rest of the industry. SLG outperforms 44.88% of its industry peers.
SLG has a Debt/Equity ratio of 0.97. This is a neutral value indicating SLG is somewhat dependend on debt financing.
SLG has a better Debt to Equity ratio (0.97) than 60.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.56 |
ROIC/WACC0.11
WACC6.63%
2.3 Liquidity
SLG has a Current Ratio of 0.52. 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 Current ratio of 0.52. This is amonst the worse of the industry: SLG underperforms 84.25% of its industry peers.
SLG has a Quick Ratio of 0.52. This is a bad value and indicates that SLG is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.50, SLG is doing worse than 84.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.12% over the past year.
Looking at the last year, SLG shows a decrease in Revenue. The Revenue has decreased by -0.62% in the last year.
SLG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.73% yearly.
EPS 1Y (TTM)22.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.74%
Revenue 1Y (TTM)-0.62%
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 9.98% on average per year.
The Revenue is expected to decrease by -6.87% on average over the next years.
EPS Next Y87.18%
EPS Next 2Y22.96%
EPS Next 3Y15.62%
EPS Next 5Y9.98%
Revenue Next Year-21.68%
Revenue Next 2Y-9.2%
Revenue Next 3Y-4.77%
Revenue Next 5Y-6.87%
3.3 Evolution
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SLG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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 more expensive than 95.28% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 30.73 |
4.3 Compensation for Growth
SLG's earnings are expected to grow with 15.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y22.96%
EPS Next 3Y15.62%
5. Dividend
5.1 Amount
SLG has a Yearly Dividend Yield of 3.94%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.55, 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 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
5.2 History
The dividend of SLG decreases each year by -0.47%.
SLG has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.47%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SLG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-130.97%
EPS Next 2Y22.96%
EPS Next 3Y15.62%
SL GREEN REALTY CORP
NYSE:SLG (11/22/2024, 1:04:02 PM)
79.735
+0.58 (+0.74%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.20B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.79% | ||
| ROE | -4.44% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.53% | ||
| PM (TTM) | N/A | ||
| GM | 43.52% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)22.12%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y87.18%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.62%
Revenue growth 3Y-4.61%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y