SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SLG - US78440X8873 - REIT
42.59 USD
-1.1 (-2.52%)
42.59 USD
0 (0%)
SLG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. Both the profitability and financial health of SLG have multiple concerns. 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.
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 60.16% of its industry peers.
SLG has a Return On Equity of 0.00%. This is in the lower half of the industry: SLG underperforms 60.16% of its industry peers.
The Return On Invested Capital of SLG (1.55%) is worse than 76.56% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SLG is below the industry average of 3.05%.
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 60.16% 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 in line with its industry peers.
SLG's Operating Margin has declined in the last couple of years.
The Gross Margin of SLG (48.48%) is worse than 78.13% 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SLG is destroying value.
SLG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SLG has less shares outstanding
The debt/assets ratio for SLG is higher compared to a year ago.
2.2 Solvency
SLG has an Altman-Z score of 0.27. This is a bad value and indicates that SLG is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of SLG (0.27) is worse than 64.06% 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.
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 | 0.27 |
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.
The Current ratio of SLG (0.58) is worse than 78.91% of its industry peers.
A Quick Ratio of 0.58 indicates that SLG may have some problems paying its short term obligations.
With a Quick ratio value of 0.58, SLG is not doing good in the industry: 78.91% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
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.
SLG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -52.38% yearly.
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
SLG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.34% yearly.
EPS Next Y-996.37%
EPS Next 2Y-363.06%
EPS Next 3Y-202.77%
EPS Next 5Y-95.78%
Revenue Next Year5.87%
Revenue Next 2Y7.89%
Revenue Next 3Y7.34%
Revenue Next 5Y6.34%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.87 |
4.3 Compensation for Growth
A cheap valuation may be justified as SLG's earnings are expected to decrease with -202.77% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-363.06%
EPS Next 3Y-202.77%
5. Dividend
5.1 Amount
SLG has a Yearly Dividend Yield of 7.07%, which is a nice return.
In the last 3 months the price of SLG has falen by -31.30%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
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 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.07% |
5.2 History
The dividend of SLG decreases each year by -3.64%.
SLG has been paying a dividend for at least 10 years, so it has 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-363.06%
EPS Next 3Y-202.77%
42.59
-1.1 (-2.52%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners92.56%
Inst Owner Change-0.13%
Ins Owners0.07%
Ins Owner Change-1.63%
Market Cap3.03B
Revenue(TTM)972.46M
Net Income(TTM)73.00K
Analysts71.82
Price Target62.79 (47.43%)
Short Float %11.1%
Short Ratio7.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.07% |
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)-2.46%
PT rev (3m)-3.54%
EPS NQ rev (1m)-20.59%
EPS NQ rev (3m)-206.95%
EPS NY rev (1m)0%
EPS NY rev (3m)34.38%
Revenue NQ rev (1m)-2.65%
Revenue NQ rev (3m)0.32%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)-2.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 3.11 | ||
| P/FCF | N/A | ||
| P/OCF | 26.87 | ||
| P/B | 0.76 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 17.87 |
EPS(TTM)-0.15
EYN/A
EPS(NY)-1.56
Fwd EYN/A
FCF(TTM)-3.24
FCFYN/A
OCF(TTM)1.59
OCFY3.72%
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 | 0.27 |
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-363.06%
EPS Next 3Y-202.77%
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 Year5.87%
Revenue Next 2Y7.89%
Revenue Next 3Y7.34%
Revenue Next 5Y6.34%
EBIT growth 1Y106.86%
EBIT growth 3Y-8.17%
EBIT growth 5Y-19.36%
EBIT Next Year58.7%
EBIT Next 3Y18.16%
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 2 / 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.