SL GREEN REALTY CORP (SLG) Stock Fundamental Analysis
NYSE:SLG - New York Stock Exchange, Inc. - US78440X8873 - REIT - Currency: USD
Taking everything into account, SLG scores 2 out of 10 in our fundamental rating. SLG was compared to 130 industry peers in the Diversified REITs industry. Both the profitability and financial health of SLG have multiple concerns. SLG has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year SLG has reported negative net income.
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
SLG's Return On Assets of 0.05% is on the low side compared to the rest of the industry. SLG is outperformed by 60.00% of its industry peers.
The Return On Equity of SLG (0.12%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 1.16%, SLG is not doing good in the industry: 83.08% 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 3.19%.
The last Return On Invested Capital (1.16%) for SLG is above the 3 year average (1.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.05% | ||
| ROE | 0.12% | ||
| ROIC | 1.16% |
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 has a Profit Margin of 0.58%. This is comparable to the rest of the industry: SLG outperforms 42.31% of its industry peers.
SLG's Profit Margin has declined in the last couple of years.
SLG's Operating Margin of 15.63% is on the low side compared to the rest of the industry. SLG is outperformed by 63.85% of its industry peers.
In the last couple of years the Operating Margin of SLG has declined.
SLG's Gross Margin of 48.70% is on the low side compared to the rest of the industry. SLG is outperformed by 77.69% of its industry peers.
SLG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.63% | ||
| PM (TTM) | 0.58% | ||
| GM | 48.7% |
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.
The number of shares outstanding for SLG has been increased compared to 1 year ago.
The number of shares outstanding for SLG has been reduced compared to 5 years ago.
The debt/assets ratio for SLG has been reduced compared to a year ago.
2.2 Solvency
SLG has an Altman-Z score of 0.37. 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 0.37, SLG is in line with its industry, outperforming 42.31% of the companies in the same industry.
SLG has a Debt/Equity ratio of 0.90. This is a neutral value indicating SLG is somewhat dependend on debt financing.
SLG's Debt to Equity ratio of 0.90 is fine compared to the rest of the industry. SLG outperforms 64.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.37 |
ROIC/WACC0.16
WACC7.25%
2.3 Liquidity
A Current Ratio of 0.51 indicates that SLG may have some problems paying its short term obligations.
SLG's Current ratio of 0.51 is on the low side compared to the rest of the industry. SLG is outperformed by 76.15% of its industry peers.
A Quick Ratio of 0.51 indicates that SLG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.51, SLG is doing worse than 75.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
SLG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 89.01%, which is quite impressive.
The earnings per share for SLG have been decreasing by -52.38% on average. This is quite bad
Looking at the last year, SLG shows a decrease in Revenue. The Revenue has decreased by -3.00% 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)89.01%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%-250%
Revenue 1Y (TTM)-3%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%2.13%
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 -86.11% yearly.
Based on estimates for the next years, SLG will show a small growth in Revenue. The Revenue will grow by 1.04% on average per year.
EPS Next Y-2051.82%
EPS Next 2Y-359.78%
EPS Next 3Y-165.71%
EPS Next 5Y-86.11%
Revenue Next Year10.79%
Revenue Next 2Y6.75%
Revenue Next 3Y4.92%
Revenue Next 5Y1.04%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
SLG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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 rather expensive valuation: SLG more expensive than 84.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.68 |
4.3 Compensation for Growth
SLG's earnings are expected to decrease with -165.71% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-359.78%
EPS Next 3Y-165.71%
5. Dividend
5.1 Amount
SLG has a Yearly Dividend Yield of 6.15%, which is a nice return.
SLG's Dividend Yield is comparable with the industry average which is at 16.87.
SLG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.15% |
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 4236.65% 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.
DP4236.65%
EPS Next 2Y-359.78%
EPS Next 3Y-165.71%
NYSE:SLG (4/23/2025, 11:16:10 AM)
54.995
+1.99 (+3.76%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners93.29%
Inst Owner Change0.22%
Ins Owners0.07%
Ins Owner Change2.74%
Market Cap3.90B
Analysts67.62
Price Target70 (27.28%)
Short Float %8.4%
Short Ratio7.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.15% |
Yearly Dividend3.22
Dividend Growth(5Y)-3.64%
DP4236.65%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)102.88%
Min EPS beat(2)58.08%
Max EPS beat(2)147.67%
EPS beat(4)4
Avg EPS beat(4)72.84%
Min EPS beat(4)16.48%
Max EPS beat(4)147.67%
EPS beat(8)4
Avg EPS beat(8)4.31%
EPS beat(12)6
Avg EPS beat(12)-906.26%
EPS beat(16)9
Avg EPS beat(16)161.91%
Revenue beat(2)1
Avg Revenue beat(2)31.79%
Min Revenue beat(2)-3.02%
Max Revenue beat(2)66.61%
Revenue beat(4)2
Avg Revenue beat(4)16.72%
Min Revenue beat(4)-3.02%
Max Revenue beat(4)66.61%
Revenue beat(8)3
Avg Revenue beat(8)5.05%
Revenue beat(12)7
Avg Revenue beat(12)10.52%
Revenue beat(16)11
Avg Revenue beat(16)11.78%
PT rev (1m)-3.09%
PT rev (3m)-4.6%
EPS NQ rev (1m)2.72%
EPS NQ rev (3m)32.71%
EPS NY rev (1m)39.84%
EPS NY rev (3m)13.44%
Revenue NQ rev (1m)0.55%
Revenue NQ rev (3m)1.45%
Revenue NY rev (1m)0.91%
Revenue NY rev (3m)6.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.41 | ||
| P/FCF | N/A | ||
| P/OCF | 30.13 | ||
| P/B | 0.94 | ||
| P/tB | 0.98 | ||
| EV/EBITDA | 20.68 |
EPS(TTM)-0.42
EYN/A
EPS(NY)-1.53
Fwd EYN/A
FCF(TTM)-1.16
FCFYN/A
OCF(TTM)1.83
OCFY3.32%
SpS12.48
BVpS58.41
TBVpS55.86
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.05% | ||
| ROE | 0.12% | ||
| ROCE | 1.47% | ||
| ROIC | 1.16% | ||
| ROICexc | 1.18% | ||
| ROICexgc | 1.27% | ||
| OM | 15.63% | ||
| PM (TTM) | 0.58% | ||
| GM | 48.7% | ||
| 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-Score7
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 10.53 | ||
| Cap/Depr | 98.98% | ||
| Cap/Sales | 23.91% | ||
| Interest Coverage | 0.69 | ||
| Cash Conversion | 36.75% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 0.37 |
F-Score7
WACC7.25%
ROIC/WACC0.16
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)89.01%
EPS 3Y-77.07%
EPS 5Y-52.38%
EPS Q2Q%-250%
EPS Next Y-2051.82%
EPS Next 2Y-359.78%
EPS Next 3Y-165.71%
EPS Next 5Y-86.11%
Revenue 1Y (TTM)-3%
Revenue growth 3Y1.64%
Revenue growth 5Y-6.48%
Sales Q2Q%2.13%
Revenue Next Year10.79%
Revenue Next 2Y6.75%
Revenue Next 3Y4.92%
Revenue Next 5Y1.04%
EBIT growth 1Y102.8%
EBIT growth 3Y-8.17%
EBIT growth 5Y-19.36%
EBIT Next Year91.29%
EBIT Next 3Y21.06%
EBIT Next 5Y-8.92%
FCF growth 1Y-172.79%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-43.53%
OCF growth 3Y-20.3%
OCF growth 5Y-19.21%