Overall SLG gets a fundamental rating of 2 out of 10. We evaluated SLG against 125 industry peers in the Diversified REITs industry. SLG may be in some trouble as it scores bad on both profitability and health. SLG does not seem to be growing, but still is valued expensively.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year SLG has reported negative net income.
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.
Each year in the past 5 years SLG had a positive operating cash flow.

1.2 Ratios

The Return On Assets of SLG (0.00%) is worse than 60.00% of its industry peers.
Looking at the Return On Equity, with a value of 0.00%, SLG is doing worse than 60.00% of the companies in the same industry.
SLG's Return On Invested Capital of 1.55% is on the low side compared to the rest of the industry. SLG is outperformed by 76.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SLG is below the industry average of 3.07%.
The 3 year average ROIC (1.02%) for SLG is below the current ROIC(1.55%), indicating increased profibility in the last year.

		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

Looking at the Profit Margin, with a value of 0.01%, SLG is doing worse than 60.00% of the companies in the same industry.
In the last couple of years the Profit Margin of SLG has declined.
SLG has a Operating Margin (20.35%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SLG has declined.
SLG has a worse Gross Margin (48.48%) than 76.80% of its industry peers.
In the last couple of years the Gross Margin of SLG has declined.

		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%

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ROA

ROE

ROIC

Operating and Profit Margin

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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.
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

Based on the Altman-Z score of 0.29, we must say that SLG is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SLG (0.29) is worse than 64.00% of its industry peers.
A Debt/Equity ratio of 1.29 is on the high side and indicates that SLG has dependencies on debt financing.
SLG's Debt to Equity ratio of 1.29 is in line compared to the rest of the industry. SLG outperforms 50.40% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.29
Debt/FCF	N/A
Altman-Z	0.29

ROIC/WACC0.23

WACC6.74%

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's Current ratio of 0.58 is on the low side compared to the rest of the industry. SLG is outperformed by 77.60% of its industry peers.
A Quick Ratio of 0.58 indicates that SLG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.58, SLG is doing worse than 77.60% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	0.58
Quick Ratio	0.58

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

SLG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 94.00%, which is quite impressive.
The earnings per share for SLG have been decreasing by -52.38% on average. This is quite bad
The Revenue has been growing slightly by 3.87% in the past year.
SLG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.48% yearly.

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

SLG is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -95.78% yearly.
SLG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.76% yearly.

EPS Next Y-1116.31%

EPS Next 2Y-378.88%

EPS Next 3Y-204.6%

EPS Next 5Y-95.78%

Revenue Next Year5.98%

Revenue Next 2Y6.57%

Revenue Next 3Y4.25%

Revenue Next 5Y4.76%

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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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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 a bit more expensive than 78.40% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	18.5

4.3 Compensation for Growth

SLG's earnings are expected to decrease with -204.60% in the coming years. This may justify a cheaper valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y-378.88%

EPS Next 3Y-204.6%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.12%, SLG is a good candidate for dividend investing.
SLG's Dividend Yield is a higher than the industry average which is at 6.59.
SLG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.

		Industry Rank	Sector Rank
Dividend Yield	7.12%

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 pays out 324682.19% of its income as dividend. 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-378.88%

EPS Next 3Y-204.6%

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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.

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.

Can you provide the profitability details for SL GREEN REALTY CORP?

SL GREEN REALTY CORP (SLG) has a profitability rating of 2 / 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 -1116.31% in the next year.

Is the dividend of SL GREEN REALTY CORP sustainable?

The dividend rating of SL GREEN REALTY CORP (SLG) is 5 / 10 and the dividend payout ratio is 324682.19%.