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EQR : NYSE : Financial
$63.36 up 0.36 | 0.57%
Today's Range: 62.84 - 63.77
Avg. Daily Volume: 2195300.0
01/20/17 - 4:01 PM ET

Financial Analysis


EQUITY RESIDENTIAL's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.46% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)617.83695.5
EBITDA ($mil)0.00.0
EBIT ($mil)221.13256.81
Net Income ($mil)208.32196.69


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)580.5891.44
Total Assets ($mil)21297.7423008.8
Total Debt ($mil)8498.7910803.32
Equity ($mil)10115.5110478.53


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin37.839.11
EBITDA Margin0.00.0
Operating Margin35.7936.92
Sales Turnover0.120.12
Return on Assets19.813.83
Return on Equity41.678.39
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.460.51
Interest Expense101.77129.29
Interest Coverage2.171.99


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)365.66364.14
Div / share3.50.55
EPS0.560.53
Book value / share27.6628.78
Institutional Own % n/a n/a
Avg Daily Volume2206545.02595827.0

Valuation


BUY. EQUITY RESIDENTIAL's P/E ratio indicates a significant discount compared to an average of 57.44 for the Equity Real Estate Investment Trusts REITs industry and a significant discount compared to the S&P 500 average of 25.49. For additional comparison, its price-to-book ratio of 2.32 indicates a discount versus the S&P 500 average of 2.84 and a discount versus the industry average of 3.61. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, EQUITY RESIDENTIAL proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
EQR 5.59 Peers 57.44   EQR 21.09 Peers 20.23

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

EQR is trading at a significant discount to its peers.

 

Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

EQR is trading at a valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
EQR 50.88 Peers 54.31   EQR 0.01 Peers 3.95

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

EQR is trading at a significant discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

EQR trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
EQR 2.32 Peers 3.61   EQR 379.49 Peers 62.62

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

EQR is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

EQR is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
EQR 9.04 Peers 7.87   EQR -4.88 Peers 16.29

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

EQR is trading at a premium to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

EQR significantly trails its peers on the basis of sales growth

 

 

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