Equity Commonwealth (EQC) Files 10-K for the Fiscal Year Ended on December 31, 2018
- By insider
Equity Commonwealth (EQC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Equity Commonwealth is an internally managed and self-advised real estate investment trust. The company is engaged in the ownership and operation of office and industrial buildings throughout the United States. Equity Commonwealth has a market cap of $3.96 billion; its shares were traded at around $32.63 with a P/E ratio of 17.83 and P/S ratio of 18.00.
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The intrinsic value of EQC
For the last quarter Equity Commonwealth reported a revenue of $42.9 million, compared with the revenue of $71.62 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $197.0 million, a decrease of 42.1% from the previous year. For the last five years Equity Commonwealth had an average revenue decline of 26.3% a year.
The reported diluted earnings per share was $2.15 for the year, an increase of 1164.7% from previous year. The Equity Commonwealth had a decent operating margin of 11.99%, compared with the operating margin of 17.82% a year before. The 10-year historical median operating margin of Equity Commonwealth is 25.71%. The profitability rank of the company is 5 (out of 10).
At the end of the fiscal year, Equity Commonwealth has the cash and cash equivalents of $2.4 billion, compared with $2.4 billion in the previous year. The long term debt was $275.0 million, compared with $848.6 million in the previous year. The company's operating income of cannot cover its interest payment during the last fiscal year. Equity Commonwealth has a financial strength rank of 7 (out of 10).
At the current stock price of $32.63, Equity Commonwealth is traded at 634.9% premium to its historical median P/S valuation band of $4.44. The P/S ratio of the stock is 18.00, while the historical median P/S ratio is 2.45. The stock gained 23.05% during the past 12 months.
For the complete 20-year historical financial data of EQC, click here.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 5 Warning Signs with EQC. Click here to check it out.
The intrinsic value of EQC
