SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
USA - NYSE:SLG - US78440X8873 - REIT
63.03 USD
+1.31 (+2.12%)
63.03 USD
0 (0%)
Overall SLG gets a fundamental rating of 2 out of 10. We evaluated SLG against 130 industry peers in the Diversified REITs industry. SLG has a bad profitability rating. Also its financial health evaluation is rather negative. 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.
In multiple years SLG reported negative net income over the last 5 years.
Each year in the past 5 years SLG had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -0.34%, SLG is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
With a Return On Equity value of -0.95%, SLG is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
The Return On Invested Capital of SLG (1.74%) is worse than 70.77% of its industry peers.
SLG had an Average Return On Invested Capital over the past 3 years of 1.02%. This is below the industry average of 3.05%.
The 3 year average ROIC (1.02%) for SLG is below the current ROIC(1.74%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.34% | ||
| ROE | -0.95% | ||
| ROIC | 1.74% |
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's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 23.43%, SLG perfoms like the industry average, outperforming 53.08% of the companies in the same industry.
In the last couple of years the Operating Margin of SLG has declined.
Looking at the Gross Margin, with a value of 49.32%, SLG is doing worse than 78.46% of the companies in the same industry.
In the last couple of years the Gross Margin of SLG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.43% | ||
| PM (TTM) | N/A | ||
| GM | 49.32% |
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.
Compared to 1 year ago, SLG has more shares outstanding
Compared to 5 years ago, SLG has less shares outstanding
SLG has a better debt/assets ratio than last year.
2.2 Solvency
SLG has an Altman-Z score of 0.38. This is a bad value and indicates that SLG is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.38, SLG is in line with its industry, outperforming 40.77% of the companies in the same industry.
A Debt/Equity ratio of 0.97 indicates that SLG is somewhat dependend on debt financing.
SLG has a better Debt to Equity ratio (0.97) than 63.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.38 |
ROIC/WACC0.24
WACC7.09%
2.3 Liquidity
A Current Ratio of 0.49 indicates that SLG may have some problems paying its short term obligations.
The Current ratio of SLG (0.49) is worse than 80.77% of its industry peers.
SLG has a Quick Ratio of 0.49. 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's Quick ratio of 0.49 is on the low side compared to the rest of the industry. SLG is outperformed by 77.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 74.91% over the past year.
SLG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -52.38% yearly.
Looking at the last year, SLG shows a quite strong growth in Revenue. The Revenue has grown by 8.82% in the last year.
SLG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.48% yearly.
EPS 1Y (TTM)74.91%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%-625%
Revenue 1Y (TTM)8.82%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%-2.06%
3.2 Future
SLG is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -79.31% yearly.
SLG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.34% yearly.
EPS Next Y-1466.02%
EPS Next 2Y-306.12%
EPS Next 3Y-173.57%
EPS Next 5Y-79.31%
Revenue Next Year8.53%
Revenue Next 2Y5.43%
Revenue Next 3Y5.18%
Revenue Next 5Y4.34%
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.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SLG. No positive earnings are expected for the next year.
| 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 slightly more expensive valuation: SLG is more expensive than 73.85% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.4 |
4.3 Compensation for Growth
SLG's earnings are expected to decrease with -173.57% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-306.12%
EPS Next 3Y-173.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.88%, SLG is a good candidate for dividend investing.
SLG's Dividend Yield is comparable with the industry average which is at 6.66.
Compared to an average S&P500 Dividend Yield of 2.38, SLG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
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
SLG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
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-607.32%
EPS Next 2Y-306.12%
EPS Next 3Y-173.57%
63.03
+1.31 (+2.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners90.18%
Inst Owner Change1.08%
Ins Owners0.07%
Ins Owner Change-1.63%
Market Cap4.48B
Analysts68.57
Price Target65.41 (3.78%)
Short Float %9.25%
Short Ratio6.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
Yearly Dividend3.22
Dividend Growth(5Y)-3.64%
DP-607.32%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-54.85%
Min EPS beat(2)-143.33%
Max EPS beat(2)33.62%
EPS beat(4)3
Avg EPS beat(4)24.01%
Min EPS beat(4)-143.33%
Max EPS beat(4)147.67%
EPS beat(8)5
Avg EPS beat(8)-2.12%
EPS beat(12)6
Avg EPS beat(12)-844.92%
EPS beat(16)8
Avg EPS beat(16)-401.32%
Revenue beat(2)0
Avg Revenue beat(2)-6.79%
Min Revenue beat(2)-6.88%
Max Revenue beat(2)-6.71%
Revenue beat(4)1
Avg Revenue beat(4)12.5%
Min Revenue beat(4)-6.88%
Max Revenue beat(4)66.61%
Revenue beat(8)2
Avg Revenue beat(8)3.49%
Revenue beat(12)5
Avg Revenue beat(12)5.99%
Revenue beat(16)9
Avg Revenue beat(16)9.09%
PT rev (1m)0.49%
PT rev (3m)1.58%
EPS NQ rev (1m)15.79%
EPS NQ rev (3m)-1.59%
EPS NY rev (1m)-5.05%
EPS NY rev (3m)28.03%
Revenue NQ rev (1m)2.08%
Revenue NQ rev (3m)3.02%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.68 | ||
| P/FCF | N/A | ||
| P/OCF | 32.89 | ||
| P/B | 1.12 | ||
| P/tB | 1.18 | ||
| EV/EBITDA | 17.4 |
EPS(TTM)-0.67
EYN/A
EPS(NY)-1.16
Fwd EYN/A
FCF(TTM)-3.04
FCFYN/A
OCF(TTM)1.92
OCFY3.04%
SpS13.48
BVpS56.13
TBVpS53.45
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.34% | ||
| ROE | -0.95% | ||
| ROCE | 2.2% | ||
| ROIC | 1.74% | ||
| ROICexc | 1.77% | ||
| ROICexgc | 1.87% | ||
| OM | 23.43% | ||
| PM (TTM) | N/A | ||
| GM | 49.32% | ||
| 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%
ROICexcg growth 3Y-5.93%
ROICexcg 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-Score5
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.32 | ||
| Cap/Depr | 147.96% | ||
| Cap/Sales | 36.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 29.43% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 0.38 |
F-Score5
WACC7.09%
ROIC/WACC0.24
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)74.91%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%-625%
EPS Next Y-1466.02%
EPS Next 2Y-306.12%
EPS Next 3Y-173.57%
EPS Next 5Y-79.31%
Revenue 1Y (TTM)8.82%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%-2.06%
Revenue Next Year8.53%
Revenue Next 2Y5.43%
Revenue Next 3Y5.18%
Revenue Next 5Y4.34%
EBIT growth 1Y198.78%
EBIT growth 3Y-8.17%
EBIT growth 5Y-19.36%
EBIT Next Year51.95%
EBIT Next 3Y16.52%
EBIT Next 5Y-5.62%
FCF growth 1Y-23.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-31.16%
OCF growth 3Y-20.3%
OCF growth 5Y-19.21%