SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
USA - NYSE:SLG - US78440X8873 - REIT
53.08 USD
+0.48 (+0.91%)
53.08 USD
0 (0%)
Taking everything into account, SLG scores 2 out of 10 in our fundamental rating. SLG was compared to 127 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.
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 has a worse Return On Assets (-0.34%) than 61.42% of its industry peers.
Looking at the Return On Equity, with a value of -0.95%, SLG is doing worse than 61.42% of the companies in the same industry.
SLG has a worse Return On Invested Capital (1.74%) than 71.65% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SLG is below the industry average of 3.04%.
The last Return On Invested Capital (1.74%) for SLG is above the 3 year average (1.02%), which is a sign of increasing profitability.
| 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.
Looking at the Operating Margin, with a value of 23.43%, SLG is in line with its industry, outperforming 52.76% of the companies in the same industry.
SLG's Operating Margin has declined in the last couple of years.
The Gross Margin of SLG (49.32%) is worse than 77.95% of its industry peers.
SLG's Gross Margin has declined in the last couple of years.
| 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
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
SLG has a better debt/assets ratio than last year.
2.2 Solvency
SLG has an Altman-Z score of 0.33. 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 0.33, SLG is doing worse than 63.78% of the companies in the same industry.
A Debt/Equity ratio of 0.97 indicates that SLG is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.97, SLG is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.33 |
ROIC/WACC0.26
WACC6.77%
2.3 Liquidity
SLG has a Current 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.
The Current ratio of SLG (0.49) is worse than 80.31% 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 has a Quick ratio of 0.49. This is in the lower half of the industry: SLG underperforms 77.17% 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 94.00% 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.
The Revenue has decreased by -3.00% 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%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%7.2%
3.2 Future
Based on estimates for the next years, SLG will show a very negative growth in Earnings Per Share. The EPS will decrease by -79.31% on average per year.
Based on estimates for the next years, SLG will show a small growth in Revenue. The Revenue will grow by 4.34% on average per year.
EPS Next Y-1125.78%
EPS Next 2Y-290.27%
EPS Next 3Y-157.37%
EPS Next 5Y-79.31%
Revenue Next Year5.78%
Revenue Next 2Y5.99%
Revenue Next 3Y5.44%
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.
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 62.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16 |
4.3 Compensation for Growth
A cheap valuation may be justified as SLG's earnings are expected to decrease with -157.38% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-290.27%
EPS Next 3Y-157.37%
5. Dividend
5.1 Amount
SLG has a Yearly Dividend Yield of 5.98%, which is a nice return.
Compared to an average industry Dividend Yield of 6.23, 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 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.98% |
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
The earnings of SLG are negative and hence is the payout ratio. SLG will probably not be able to sustain this dividend level.
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-290.27%
EPS Next 3Y-157.37%
53.08
+0.48 (+0.91%)
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-0.01%
Ins Owners0.07%
Ins Owner Change-1.63%
Market Cap3.77B
Revenue(TTM)886.27M
Net Income(TTM)-37996000
Analysts70.48
Price Target65.41 (23.23%)
Short Float %9.58%
Short Ratio7.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.98% |
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%
PT rev (3m)0.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.52%
EPS NY rev (1m)17.51%
EPS NY rev (3m)13.35%
Revenue NQ rev (1m)-2.19%
Revenue NQ rev (3m)0.59%
Revenue NY rev (1m)-1.48%
Revenue NY rev (3m)-2.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 3.94 | ||
| P/FCF | N/A | ||
| P/OCF | 27.7 | ||
| P/B | 0.95 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | 16 |
EPS(TTM)-0.15
EYN/A
EPS(NY)-1.06
Fwd EYN/A
FCF(TTM)-3.04
FCFYN/A
OCF(TTM)1.92
OCFY3.61%
SpS13.48
BVpS56.13
TBVpS53.44
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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%
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-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 | 0.33 |
F-Score5
WACC6.77%
ROIC/WACC0.26
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-1125.78%
EPS Next 2Y-290.27%
EPS Next 3Y-157.37%
EPS Next 5Y-79.31%
Revenue 1Y (TTM)-3%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%7.2%
Revenue Next Year5.78%
Revenue Next 2Y5.99%
Revenue Next 3Y5.44%
Revenue Next 5Y4.34%
EBIT growth 1Y198.78%
EBIT growth 3Y-8.17%
EBIT growth 5Y-19.36%
EBIT Next Year84.71%
EBIT Next 3Y18.53%
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%