SL Green Realty Corp
Find Ratings ReportsSL GREEN REALTY CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the subsector, the net income growth did not.
During the same period, stockholders' equity ("net worth") has decreased by 17.00% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 180.53 | 198.35 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | -24.47 | 6.12 |
Net Income ($mil) | -151.88 | -60.54 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 335.52 | 384.05 |
Total Assets ($mil) | 9531.18 | 12355.79 |
Total Debt ($mil) | 4423.97 | 6511.34 |
Equity ($mil) | 3952.82 | 4762.98 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 9.86 | 15.34 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | -13.56 | 3.08 |
Sales Turnover | 0.09 | 0.06 |
Return on Assets | -5.92 | -0.63 |
Return on Equity | -14.66 | -1.95 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.53 | 0.58 |
Interest Expense | 47.82 | 66.19 |
Interest Coverage | -0.51 | 0.09 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 64.73 | 64.38 |
Div / share | 0.79 | 0.89 |
EPS | -2.45 | -1.01 |
Book value / share | 61.07 | 73.98 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1340604.0 | 1885718.0 |
HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.81 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.43. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. After reviewing these and other key valuation criteria, SL GREEN REALTY CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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SLG NM | Peers 49.19 | SLG 13.92 | Peers 18.58 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. SLG's P/E is negative making this valuation measure meaningless. |
Discount. 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. SLG is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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SLG NM | Peers 40.04 | SLG NA | Peers 5.86 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. SLG's ratio is negative making this valuation measure meaningless. |
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. Ratio not available. |
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Price/Book |
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Earnings Growth |
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SLG 0.81 | Peers 6.43 | SLG -510.06 | Peers -7.55 | |||||||||||||||||||||
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. SLG 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, SLG is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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SLG 3.80 | Peers 7.79 | SLG 9.15 | Peers 11.68 | |||||||||||||||||||||
Discount. 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. SLG is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. SLG trails its peers on the basis of sales growth. |
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