DB:6CL

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Colony Capital, Inc. (NYSE: CLNY) is a global investment firm focused on building, financing, and owning digital infrastructure assets serving the world’s leading technology and telecommunications companies.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Colony Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6CL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

40.0%

6CL

5.1%

DE REITs

6.8%

DE Market


1 Year Return

-44.8%

6CL

15.5%

DE REITs

5.6%

DE Market

Return vs Industry: 6CL underperformed the German REITs industry which returned 13.1% over the past year.

Return vs Market: 6CL underperformed the German Market which returned 4.4% over the past year.


Shareholder returns

6CLIndustryMarket
7 Day40.0%5.1%6.8%
30 Day38.5%7.3%14.0%
90 Day-27.6%-7.4%7.5%
1 Year-38.2%-44.8%16.0%15.5%7.4%5.6%
3 Yearn/a2.5%-10.5%0.3%-7.3%
5 Yearn/a12.1%-10.7%12.4%-2.0%

Price Volatility Vs. Market

How volatile is Colony Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Colony Capital undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6CL (€2.52) is trading below our estimate of fair value (€5.08)

Significantly Below Fair Value: 6CL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6CL is unprofitable, so we can't compare its PE Ratio to the REITs industry average.

PE vs Market: 6CL is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6CL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6CL is good value based on its PB Ratio (0.4x) compared to the DE REITs industry average (1.5x).


Next Steps

Future Growth

How is Colony Capital forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

74.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6CL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 6CL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 6CL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 6CL's revenue (0.5% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: 6CL's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 6CL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Colony Capital performed over the past 5 years?

-80.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6CL is currently unprofitable.

Growing Profit Margin: 6CL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 6CL is unprofitable, and losses have increased over the past 5 years at a rate of -80.1% per year.

Accelerating Growth: Unable to compare 6CL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6CL is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (25.3%).


Return on Equity

High ROE: 6CL has a negative Return on Equity (-23.81%), as it is currently unprofitable.


Next Steps

Financial Health

How is Colony Capital's financial position?


Financial Position Analysis

Short Term Liabilities: 6CL's short term assets ($3.4B) exceed its short term liabilities ($912.2M).

Long Term Liabilities: 6CL's short term assets ($3.4B) do not cover its long term liabilities ($9.9B).


Debt to Equity History and Analysis

Debt Level: 6CL's debt to equity ratio (112.3%) is considered high.

Reducing Debt: 6CL's debt to equity ratio has increased from 104.2% to 112.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 6CL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 6CL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.5% per year.


Next Steps

Dividend

What is Colony Capital's current dividend yield, its reliability and sustainability?

2.43%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6CL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6CL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 6CL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6CL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 6CL is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6CL's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Tom Barrack (71yo)

1.58yrs

Tenure

US$15,956,955

Compensation

Mr. Thomas Joseph Barrack Jr., also known as Tom, has been the Chief Executive Officer at Colony Capital, LLC. He has been the Chief Executive Officer and President of Harveys Casino Resorts, Inc. since Ja ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD15.96M) is above average for companies of similar size in the German market ($USD1.54M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Barrack
Founder1.58yrsUS$15.96m1.48% $20.2m
Mark Hedstrom
Executive VP1.42yrsUS$5.20m0.14% $2.0m
Ronald Sanders
Executive VP10.75yrsUS$4.59m0.16% $2.2m
Neale Redington
MD & Chief Accounting Officerno datano data0.085% $1.2m
Brian Lee
MD & Head of Corporate Financeno datano datano data
Jonathan Lang
MD & Chief Information Officer2.25yrsno datano data
Donna Hansen
MD, Chief Administrative Officer & Global Head of Taxno datano datano data
Severin White
MD & Head of Public Investor Relations0.25yrno datano data
Karren Fink
MD & Global Head of Human Resources2.25yrsno datano data
David Palamé
MD & Deputy General Counsel13.42yrsno datano data

2.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 6CL's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Barrack
Founder1.58yrsUS$15.96m1.48% $20.2m
Nancy Curtin
Lead Independent Director3.42yrsUS$366.10k0.0046% $62.8k
Douglas Crocker
Independent Non-Executive Director3.42yrsUS$414.13k0.0084% $115.6k
Craig Hatkoff
Independent Non-Executive Director1.33yrsUS$378.97k0.030% $405.3k
George Parker
Independent Director10.75yrsUS$281.28k0.040% $546.1k
John Steffens
Independent Non-Executive Director11.42yrsUS$292.73k0.013% $175.5k
Raymond Mikulich
Independent Non-Executive Director1.33yrsUS$406.38k0.010% $142.2k
Jon Fosheim
Independent Non-Executive Director3.42yrsUS$276.28k0.0012% $17.0k
John Somers
Independent Non-Executive Directorno dataUS$276.28k0.0095% $130.8k
Charles Schoenherr
Independent Non-Executive Director3.42yrsUS$261.28k0.0097% $132.6k

3.4yrs

Average Tenure

70yo

Average Age

Experienced Board: 6CL's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.


Top Shareholders

Company Information

Colony Capital, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Colony Capital, Inc.
  • Ticker: 6CL
  • Exchange: DB
  • Founded: 2009
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: US$1.552b
  • Market Cap: US$1.260b
  • Listing Market Cap: US$1.371b
  • Shares outstanding: 535.04m
  • Website: https://www.clny.com

Number of Employees


Location

  • Colony Capital, Inc.
  • 515 South Flower Street
  • 44th Floor
  • Los Angeles
  • California
  • 90071
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLNY.PRHNYSE (New York Stock Exchange)7.125% PFD SER HUSUSDJan 2017
CLNYNYSE (New York Stock Exchange)YesNew Class A Common StockUSUSDJan 2017
6CLDB (Deutsche Boerse AG)YesNew Class A Common StockDEEURJan 2017
0YY7LSE (London Stock Exchange)YesNew Class A Common StockGBUSDJan 2017
CLNY.PRGNYSE (New York Stock Exchange)7.5% CUM PFD GUSUSDJan 2017
CLNY.PRINYSE (New York Stock Exchange)7.15% CUM PFD IUSUSDMay 2017
CLNY.PRJNYSE (New York Stock Exchange)7.125% CUM PFD JUSUSDSep 2017

Biography

Colony Capital, Inc. (NYSE: CLNY) is a global investment firm focused on building, financing, and owning digital infrastructure assets serving the world’s leading technology and telecommunications companies. The Company has assets under management of approximately $50 billion composed of $38 billion of capital managed on behalf of third-party institutional and retail investors and $12 billion of investment interests on its own balance sheet. The Company’s owns and operates an investment management business with $20 billion in digital real estate investments and $18 billion in traditional commercial real estate debt and equity investments. With respect to investment interests on its balance sheet, the Company owns (a) a controlling 20% interest in DataBank, a leading provider of enterprise-class data center, cloud, and connectivity services (b) a 71% interest in 357 healthcare properties, (c) a 94% interest in 157 hospitality properties, (d) approximately 48 million shares of Colony Credit Real Estate, Inc. (NYSE: CLNC) and (e) interests in various other equity and debt investments including general partnership interests in funds management by the Company, commercial real estate equity and debt investments and other real estate-related securities. The Company is headquartered in Los Angeles with key offices in Boca Raton, New York, Paris and London, and has over 400 employees across 21 locations in 12 countries. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 00:24
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.