SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
USA - NYSE:SLG - US78440X8873 - REIT
44.67 USD
-3.3 (-6.88%)
44.64 USD
-0.03 (-0.07%)
SLG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. SLG may be in some trouble as it scores bad on both profitability and health. 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.
In the past year SLG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: SLG reported negative net income in multiple years.
SLG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SLG has a Return On Assets (0.00%) which is in line with its industry peers.
The Return On Equity of SLG (0.00%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 1.55%, SLG is not doing good in the industry: 76.56% of the companies in the same industry are doing better.
SLG had an Average Return On Invested Capital over the past 3 years of 1.02%. This is below the industry average of 3.04%.
The last Return On Invested Capital (1.55%) for SLG is above the 3 year average (1.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0% | ||
| ROE | 0% | ||
| ROIC | 1.55% |
ROA(3y)-2.28%
ROA(5y)0.02%
ROE(3y)-5.53%
ROE(5y)-0.18%
ROIC(3y)1.02%
ROIC(5y)1.22%
1.3 Margins
SLG has a Profit Margin of 0.01%. This is comparable to the rest of the industry: SLG outperforms 41.41% of its industry peers.
SLG's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 20.35%, SLG is in line with its industry, outperforming 47.66% of the companies in the same industry.
SLG's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 48.48%, SLG is not doing good in the industry: 78.91% of the companies in the same industry are doing better.
SLG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.35% | ||
| PM (TTM) | 0.01% | ||
| GM | 48.48% |
OM growth 3Y-9.66%
OM growth 5Y-13.77%
PM growth 3Y-77.51%
PM growth 5Y-51%
GM growth 3Y-6.16%
GM growth 5Y-5.02%
2. Health
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.
The number of shares outstanding for SLG has been increased compared to 1 year ago.
SLG has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SLG has a worse debt to assets ratio.
2.2 Solvency
SLG has an Altman-Z score of 0.30. This is a bad value and indicates that SLG is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.30, SLG is not doing good in the industry: 60.94% of the companies in the same industry are doing better.
SLG has a Debt/Equity ratio of 1.29. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.29, SLG is in line with its industry, outperforming 49.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.29 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.3 |
ROIC/WACC0.23
WACC6.62%
2.3 Liquidity
SLG has a Current Ratio of 0.58. 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 (0.58) than 78.91% of its industry peers.
SLG has a Quick Ratio of 0.58. 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 Quick ratio (0.58) than 78.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 94.00% over the past year.
Measured over the past years, SLG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -52.38% on average per year.
The Revenue has been growing slightly by 3.87% in the past year.
The Revenue has been decreasing by -6.48% on average over the past years.
EPS 1Y (TTM)94%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%247.62%
Revenue 1Y (TTM)3.87%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%7.2%
3.2 Future
The Earnings Per Share is expected to decrease by -95.78% on average over the next years. This is quite bad
Based on estimates for the next years, SLG will show a small growth in Revenue. The Revenue will grow by 6.34% on average per year.
EPS Next Y-996.37%
EPS Next 2Y-345.27%
EPS Next 3Y-177.93%
EPS Next 5Y-95.78%
Revenue Next Year5.75%
Revenue Next 2Y7.75%
Revenue Next 3Y7.27%
Revenue Next 5Y6.34%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SLG indicates a rather expensive valuation: SLG more expensive than 82.03% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.73 |
4.3 Compensation for Growth
A cheap valuation may be justified as SLG's earnings are expected to decrease with -177.93% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-345.27%
EPS Next 3Y-177.93%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.39%, SLG is a good candidate for dividend investing.
In the last 3 months the price of SLG has falen by -21.36%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 6.49, 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.39% |
5.2 History
The dividend of SLG decreases each year by -3.64%.
SLG has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-3.64%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
324682.19% of the earnings are spent on dividend by SLG. This is not a sustainable payout ratio.
SLG's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP324682.19%
EPS Next 2Y-345.27%
EPS Next 3Y-177.93%
44.67
-3.3 (-6.88%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners93.05%
Inst Owner Change-0.11%
Ins Owners0.07%
Ins Owner Change-4.22%
Market Cap3.17B
Revenue(TTM)972.46M
Net Income(TTM)73.00K
Analysts71.82
Price Target64.37 (44.1%)
Short Float %8.88%
Short Ratio6.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.39% |
Yearly Dividend3.22
Dividend Growth(5Y)-3.64%
DP324682.19%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)50.27%
Min EPS beat(2)-143.33%
Max EPS beat(2)243.88%
EPS beat(4)3
Avg EPS beat(4)70.46%
Min EPS beat(4)-143.33%
Max EPS beat(4)243.88%
EPS beat(8)6
Avg EPS beat(8)31.37%
EPS beat(12)6
Avg EPS beat(12)-827.61%
EPS beat(16)8
Avg EPS beat(16)-697.31%
Revenue beat(2)0
Avg Revenue beat(2)-6.92%
Min Revenue beat(2)-6.96%
Max Revenue beat(2)-6.88%
Revenue beat(4)1
Avg Revenue beat(4)11.52%
Min Revenue beat(4)-6.96%
Max Revenue beat(4)66.61%
Revenue beat(8)2
Avg Revenue beat(8)4.9%
Revenue beat(12)4
Avg Revenue beat(12)2.6%
Revenue beat(16)8
Avg Revenue beat(16)8.26%
PT rev (1m)-1.58%
PT rev (3m)-1.1%
EPS NQ rev (1m)-188.69%
EPS NQ rev (3m)-206.25%
EPS NY rev (1m)20.45%
EPS NY rev (3m)31.07%
Revenue NQ rev (1m)2.03%
Revenue NQ rev (3m)3.12%
Revenue NY rev (1m)-1.1%
Revenue NY rev (3m)-2.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 3.26 | ||
| P/FCF | N/A | ||
| P/OCF | 28.18 | ||
| P/B | 0.8 | ||
| P/tB | 0.84 | ||
| EV/EBITDA | 18.73 |
EPS(TTM)-0.15
EYN/A
EPS(NY)-1.43
Fwd EYN/A
FCF(TTM)-3.24
FCFYN/A
OCF(TTM)1.59
OCFY3.55%
SpS13.69
BVpS55.86
TBVpS52.94
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0% | ||
| ROE | 0% | ||
| ROCE | 1.96% | ||
| ROIC | 1.55% | ||
| ROICexc | 1.58% | ||
| ROICexgc | 1.68% | ||
| OM | 20.35% | ||
| PM (TTM) | 0.01% | ||
| GM | 48.48% | ||
| FCFM | N/A |
ROA(3y)-2.28%
ROA(5y)0.02%
ROE(3y)-5.53%
ROE(5y)-0.18%
ROIC(3y)1.02%
ROIC(5y)1.22%
ROICexc(3y)1.04%
ROICexc(5y)1.25%
ROICexgc(3y)1.1%
ROICexgc(5y)1.31%
ROCE(3y)1.29%
ROCE(5y)1.54%
ROICexgc growth 3Y-5.93%
ROICexgc growth 5Y-14.54%
ROICexc growth 3Y-7.19%
ROICexc growth 5Y-15.22%
OM growth 3Y-9.66%
OM growth 5Y-13.77%
PM growth 3Y-77.51%
PM growth 5Y-51%
GM growth 3Y-6.16%
GM growth 5Y-5.02%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.29 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 11.51 | ||
| Cap/Depr | 138% | ||
| Cap/Sales | 35.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 25.24% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 | ||
| Altman-Z | 0.3 |
F-Score6
WACC6.62%
ROIC/WACC0.23
Cap/Depr(3y)121.42%
Cap/Depr(5y)146.22%
Cap/Sales(3y)30.68%
Cap/Sales(5y)39.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)94%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%247.62%
EPS Next Y-996.37%
EPS Next 2Y-345.27%
EPS Next 3Y-177.93%
EPS Next 5Y-95.78%
Revenue 1Y (TTM)3.87%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%7.2%
Revenue Next Year5.75%
Revenue Next 2Y7.75%
Revenue Next 3Y7.27%
Revenue Next 5Y6.34%
EBIT growth 1Y106.86%
EBIT growth 3Y-8.17%
EBIT growth 5Y-19.36%
EBIT Next Year84.71%
EBIT Next 3Y18.53%
EBIT Next 5Y-5.08%
FCF growth 1Y-149.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-45.82%
OCF growth 3Y-20.3%
OCF growth 5Y-19.21%
SL GREEN REALTY CORP / SLG FAQ
What is the ChartMill fundamental rating of SL GREEN REALTY CORP (SLG) stock?
ChartMill assigns a fundamental rating of 2 / 10 to SLG.
Can you provide the valuation status for SL GREEN REALTY CORP?
ChartMill assigns a valuation rating of 0 / 10 to SL GREEN REALTY CORP (SLG). This can be considered as Overvalued.
What is the profitability of SLG stock?
SL GREEN REALTY CORP (SLG) has a profitability rating of 3 / 10.
Can you provide the financial health for SLG stock?
The financial health rating of SL GREEN REALTY CORP (SLG) is 1 / 10.
What is the earnings growth outlook for SL GREEN REALTY CORP?
The Earnings per Share (EPS) of SL GREEN REALTY CORP (SLG) is expected to decline by -996.37% in the next year.