SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
USA - NYSE:SLG - US78440X8873 - REIT
50.27 USD
-0.58 (-1.14%)
50.27 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 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.
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.
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
Looking at the Return On Assets, with a value of -0.34%, SLG is doing worse than 60.63% of the companies in the same industry.
The Return On Equity of SLG (-0.95%) is worse than 60.63% of its industry peers.
With a Return On Invested Capital value of 1.74%, SLG is not doing good in the industry: 70.08% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for SLG is below the industry average of 3.07%.
The 3 year average ROIC (1.02%) for SLG is below the current ROIC(1.74%), 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
In the last couple of years the Profit Margin of SLG has declined.
SLG's Operating Margin of 23.43% is in line compared to the rest of the industry. SLG outperforms 52.76% of its industry peers.
In the last couple of years the Operating Margin of SLG has declined.
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.
Compared to 1 year ago, SLG has more shares outstanding
SLG has less shares outstanding than it did 5 years ago.
The debt/assets ratio for SLG has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.32, we must say that SLG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.32, SLG is not doing good in the industry: 62.99% of the companies in the same industry are doing better.
SLG has a Debt/Equity ratio of 0.97. This is a neutral value indicating 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 62.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.32 |
ROIC/WACC0.25
WACC6.85%
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 81.10% of its industry peers.
A Quick Ratio of 0.49 indicates that SLG may have some problems paying its short term obligations.
SLG has a worse Quick ratio (0.49) than 78.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
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 decreased by -3.00% 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%
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 -79.31% on average over the next years. This is quite bad
The Revenue is expected to grow by 4.34% on average over the next years.
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.
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 is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.74 |
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
With a Yearly Dividend Yield of 6.01%, SLG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.24, SLG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, SLG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.01% |
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
The earnings of SLG are negative and hence is the payout ratio. SLG will probably not be able to sustain this dividend level.
SLG's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-607.32%
EPS Next 2Y-290.27%
EPS Next 3Y-157.37%
50.27
-0.58 (-1.14%)
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-0.65%
Ins Owners0.07%
Ins Owner Change-1.63%
Market Cap3.57B
Revenue(TTM)886.27M
Net Income(TTM)-37996000
Analysts70.48
Price Target64.37 (28.05%)
Short Float %8.88%
Short Ratio6.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.01% |
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)-1.58%
PT rev (3m)-1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.79%
EPS NY rev (1m)8.96%
EPS NY rev (3m)21.12%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)-1.07%
Revenue NY rev (3m)-2.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 3.73 | ||
| P/FCF | N/A | ||
| P/OCF | 26.24 | ||
| P/B | 0.9 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 15.74 |
EPS(TTM)-0.15
EYN/A
EPS(NY)-1.06
Fwd EYN/A
FCF(TTM)-3.04
FCFYN/A
OCF(TTM)1.92
OCFY3.81%
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 | 0.32 |
F-Score5
WACC6.85%
ROIC/WACC0.25
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%
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 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 -1125.78% in the next year.