Equity Residential

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EQR : NYSE : Finance
$57.97 up 0.06 | 0.1%
Today's Range: 57.62 - 58.59
Avg. Daily Volume: 1925500.0
02/16/18 - 4:01 PM ET

Financial Analysis


EQUITY RESIDENTIAL's gross profit margin for the fourth quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line.

During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.

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Income Statement Q4 FY17 Q4 FY16
Net Sales ($mil)629.92604.83
EBITDA ($mil)0.00.0
EBIT ($mil)213.98223.41
Net Income ($mil)125.44277.25


Balance Sheet Q4 FY17 Q4 FY16
Cash & Equiv. ($mil)50.65142.14
Total Assets ($mil)20570.620704.15
Total Debt ($mil)8957.298987.26
Equity ($mil)10242.4610229.08


Profitability Q4 FY17 Q4 FY16
Gross Profit Margin35.8538.66
EBITDA Margin0.00.0
Operating Margin33.9736.94
Sales Turnover0.120.12
Return on Assets2.9320.73
Return on Equity5.8641.92
Debt Q4 FY17 Q4 FY16
Current Ratio0.00.0
Debt/Capital0.470.47
Interest Expense100.53105.97
Interest Coverage2.132.11


Share Data Q4 FY17 Q4 FY16
Shares outstanding (mil)368.02365.87
Div / share0.50.5
EPS0.340.75
Book value / share27.8327.96
Institutional Own % n/a n/a
Avg Daily Volume1994803.01491413.0

Valuation


HOLD. The current P/E ratio indicates a significant discount compared to an average of 49.89 for the Equity Real Estate Investment Trusts REITs industry and a significant premium compared to the S&P 500 average of 25.51. For additional comparison, its price-to-book ratio of 2.08 indicates a discount versus the S&P 500 average of 3.26 and a discount versus the industry average of 3.36. 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 35.53 Peers 49.89   EQR NA Peers 18.05

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.

 

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

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
EQR 41.36 Peers 54.05   EQR NM Peers 104.45

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 discount to its peers.

 

Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
EQR 2.08 Peers 3.36   EQR -86.03 Peers 34.62

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.

 

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

However, EQR is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
EQR 8.61 Peers 7.52   EQR -0.77 Peers 10.54

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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