Essex Property Trust Stock Fundamentals
| ESS Stock | USD 246.92 0.29 0.12% |
Essex Property Trust fundamentals help investors to digest information that contributes to Essex Property's financial success or failures. It also enables traders to predict the movement of Essex Stock. The fundamental analysis module provides a way to measure Essex Property's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Essex Property stock.
At this time, Essex Property's Net Income Applicable To Common Shares is comparatively stable compared to the past year. Preferred Stock And Other Adjustments is likely to gain to about 4 M in 2024, despite the fact that Selling And Marketing Expenses is likely to grow to (3.6 M). Essex | Select Account or Indicator |
Essex Property Trust Company Operating Margin Analysis
Essex Property's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Essex Property Operating Margin | 0.27 % |
Most of Essex Property's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Essex Property Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Essex Operating Margin Historical Pattern
Today, most investors in Essex Property Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Essex Property's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's operating margin growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Essex Property operating margin as a starting point in their analysis.
Essex Property Operating Margin |
| Timeline |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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Essex Pretax Profit Margin
Pretax Profit Margin |
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Based on the recorded statements, Essex Property Trust has an Operating Margin of 0.2693%. This is 99.34% lower than that of the Diversified REITs sector and significantly higher than that of the Real Estate industry. The operating margin for all United States stocks is 104.89% lower than that of the firm.
Essex Property Trust Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Essex Property's current stock value. Our valuation model uses many indicators to compare Essex Property value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Essex Property competition to find correlations between indicators driving Essex Property's intrinsic value. More Info.Essex Property Trust is rated # 2 in return on equity category among related companies. It is rated # 2 in return on asset category among related companies reporting about 0.36 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Essex Property Trust is roughly 2.75 . At this time, Essex Property's Return On Equity is comparatively stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Essex Property by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Essex Property's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Essex Property's earnings, one of the primary drivers of an investment's value.Essex Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Essex Property's direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Essex Property could also be used in its relative valuation, which is a method of valuing Essex Property by comparing valuation metrics of similar companies.Essex Property is currently under evaluation in operating margin category among related companies.
Essex Property Current Valuation Drivers
We derive many important indicators used in calculating different scores of Essex Property from analyzing Essex Property's financial statements. These drivers represent accounts that assess Essex Property's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Essex Property's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 19.8B | 15.5B | 22.9B | 13.8B | 15.9B | 16.7B | |
| Enterprise Value | 25.6B | 21.8B | 29.2B | 19.8B | 21.8B | 22.9B |
Essex Property ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Essex Property's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Essex Property's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Essex Fundamentals
| Return On Equity | 0.0746 | ||||
| Return On Asset | 0.0271 | ||||
| Profit Margin | 0.24 % | ||||
| Operating Margin | 0.27 % | ||||
| Current Valuation | 21.93 B | ||||
| Shares Outstanding | 64.21 M | ||||
| Shares Owned By Insiders | 1.15 % | ||||
| Shares Owned By Institutions | 98.55 % | ||||
| Number Of Shares Shorted | 1.52 M | ||||
| Price To Earning | 33.11 X | ||||
| Price To Book | 2.83 X | ||||
| Price To Sales | 9.47 X | ||||
| Revenue | 1.67 B | ||||
| Gross Profit | 1.12 B | ||||
| EBITDA | 1.08 B | ||||
| Net Income | 405.82 M | ||||
| Cash And Equivalents | 42.68 M | ||||
| Cash Per Share | 0.83 X | ||||
| Total Debt | 6.27 B | ||||
| Debt To Equity | 1.05 % | ||||
| Current Ratio | 4.10 X | ||||
| Book Value Per Share | 84.46 X | ||||
| Cash Flow From Operations | 980.06 M | ||||
| Short Ratio | 4.78 X | ||||
| Earnings Per Share | 6.32 X | ||||
| Price To Earnings To Growth | 7.76 X | ||||
| Target Price | 247.17 | ||||
| Number Of Employees | 1.75 K | ||||
| Beta | 0.82 | ||||
| Market Capitalization | 16.41 B | ||||
| Total Asset | 12.36 B | ||||
| Retained Earnings | (1.27 B) | ||||
| Working Capital | 310 M | ||||
| Current Asset | 279.82 M | ||||
| Current Liabilities | 272.63 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 2.92 % | ||||
| Net Asset | 12.36 B | ||||
| Last Dividend Paid | 9.24 |
About Essex Property Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Essex Property Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Essex Property using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Essex Property Trust based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 176.4 M | 185.2 M | |
| Total Revenue | 1.7 B | 1.8 B | |
| Cost Of Revenue | 1 B | 1.1 B | |
| Stock Based Compensation To Revenue | 0 | 0.01 | |
| Sales General And Administrative To Revenue | 0.04 | 0.07 | |
| Research And Ddevelopement To Revenue | 0.00 | 0.00 | |
| Capex To Revenue | (0.08) | (0.09) | |
| Revenue Per Share | 25.98 | 27.28 | |
| Ebit Per Revenue | 0.32 | 0.47 |
Pair Trading with Essex Property
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Essex Property position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Essex Property will appreciate offsetting losses from the drop in the long position's value.Moving together with Essex Stock
| 0.73 | PK | Park Hotels Resorts Earnings Call This Week | PairCorr |
Moving against Essex Stock
| 0.53 | COLD | Americold Realty Trust Financial Report 2nd of May 2024 | PairCorr |
| 0.52 | NLOP | Net Lease Office Symbol Change | PairCorr |
| 0.43 | KW | Kennedy Wilson Holdings Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Essex Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essex Property when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Essex Property - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Essex Property Trust to buy it.
The correlation of Essex Property is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Essex Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essex Property Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Essex Property can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Essex Property Piotroski F Score and Essex Property Altman Z Score analysis. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Essex Stock analysis
When running Essex Property's price analysis, check to measure Essex Property's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Essex Property is operating at the current time. Most of Essex Property's value examination focuses on studying past and present price action to predict the probability of Essex Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essex Property's price. Additionally, you may evaluate how the addition of Essex Property to your portfolios can decrease your overall portfolio volatility.
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Is Essex Property's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Essex Property. If investors know Essex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Essex Property listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Dividend Share 9.24 | Earnings Share 6.32 | Revenue Per Share 26.146 | Quarterly Revenue Growth (0.04) |
The market value of Essex Property Trust is measured differently than its book value, which is the value of Essex that is recorded on the company's balance sheet. Investors also form their own opinion of Essex Property's value that differs from its market value or its book value, called intrinsic value, which is Essex Property's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Essex Property's market value can be influenced by many factors that don't directly affect Essex Property's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Essex Property's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essex Property is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essex Property's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.