NasdaqGS:CONE

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Executive Summary

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. More Details


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CONE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CONE's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.8%

CONE

0.07%

US REITs

2.8%

US Market


1 Year Return

12.3%

CONE

-8.6%

US REITs

20.9%

US Market

Return vs Industry: CONE exceeded the US REITs industry which returned -8.6% over the past year.

Return vs Market: CONE underperformed the US Market which returned 20.9% over the past year.


Shareholder returns

CONEIndustryMarket
7 Day-1.8%0.07%2.8%
30 Day-1.5%9.6%11.1%
90 Day-16.2%2.1%6.5%
1 Year15.9%12.3%-4.8%-8.6%23.6%20.9%
3 Year25.7%14.3%17.8%3.8%47.3%37.6%
5 Year126.0%92.5%47.6%17.9%94.3%72.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

41.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CONE ($69.97) is trading below our estimate of fair value ($118.9)

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


Price To Earnings Ratio

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

PE vs Market: CONE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CONE is overvalued based on its PB Ratio (3.2x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

How is CyrusOne forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

41.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CONE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: CONE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CONE's is expected to become profitable in the next 3 years.

Revenue vs Market: CONE's revenue (9.6% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: CONE's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CONE's Return on Equity is forecast to be low in 3 years time (4.1%).


Next Steps

Past Performance

How has CyrusOne performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CONE is currently unprofitable.

Growing Profit Margin: CONE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CONE is unprofitable, but has reduced losses over the past 5 years at a rate of 7.5% per year.

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

Earnings vs Industry: CONE is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (2%).


Return on Equity

High ROE: CONE has a negative Return on Equity (-1.14%), as it is currently unprofitable.


Next Steps

Financial Health

How is CyrusOne's financial position?


Financial Position Analysis

Short Term Liabilities: CONE's short term assets ($485.4M) exceed its short term liabilities ($216.5M).

Long Term Liabilities: CONE's short term assets ($485.4M) do not cover its long term liabilities ($3.9B).


Debt to Equity History and Analysis

Debt Level: CONE's debt to equity ratio (124.2%) is considered high.

Reducing Debt: CONE's debt to equity ratio has increased from 116.9% to 124.2% 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 CONE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CONE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.1% per year.


Next Steps

Dividend

What is CyrusOne current dividend yield, its reliability and sustainability?

2.92%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: CONE's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: CONE's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (4.08%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CONE has been paying a dividend for less than 10 years.

Growing Dividend: CONE's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.3%), CONE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CONE's dividends in 3 years are forecast to be well covered by earnings (48.4% payout ratio).


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Bruce Duncan (68 yo)

0.33

Tenure

Mr. Bruce W. Duncan serves as Senior Advisor at KKR & Co. Inc. He had been Director of Marriott International, Inc., since September 23, 2016 until July 22, 2020. Mr. Duncan serves as President, Chief Exec...


Leadership Team

NamePositionTenureCompensationOwnership
Robert Jackson
Executive VP5.25yrsUS$1.66m0.013%
$ 1.1m
Diane Morefield
Consultant0.083yrUS$2.33m0.023%
$ 2.0m
Bruce Duncan
President0.33yrno data0.071%
$ 6.0m
Katherine Motlagh
Executive VP & CFO0.083yrno data0.015%
$ 1.2m
John Hatem
Executive Vice President & COO0.083yrno datano data
Mark Skomal
Senior VP & Chief Accounting Officer2.17yrsno data0.0013%
$ 105.3k
Bill Williams
Chief Information Officer1.33yrsno datano data
Michael Schafer
Vice Presidentno datano datano data
Brent Behrman
Executive Vice President of Sales0.25yrno datano data
Jonathan Schildkraut
Executive VP & Chief Strategy Officer3.58yrsno datano data
Matthew Pullen
Executive VP & MD of Europe2.25yrsno datano data
Brian Doricko
Vice President for Strategic Accounts2.58yrsno datano data

1.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: CONE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Bruce Duncan
President0.33yrno data0.071%
$ 6.0m
William Sullivan
Independent Director7.83yrsUS$225.01k0.028%
$ 2.3m
T. Nielsen
Independent Director7.83yrsUS$220.01k0.022%
$ 1.8m
Alex Shumate
Non-Executive Chairman & Lead Independent Director6.42yrsUS$307.51k0.027%
$ 2.3m
John Gamble
Independent Director6.5yrsUS$210.01k0.019%
$ 1.6m
Lynn Wentworth
Independent Director6.5yrsUS$242.51k0.019%
$ 1.6m
Michael Klayko
Independent Director4.5yrsUS$232.51k0.0075%
$ 628.6k
David Ferdman
Independent Director7.83yrsUS$207.51k0.079%
$ 6.6m

6.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: CONE's board of directors are considered experienced (6.5 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 6.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: CyrusOne Inc.
  • Ticker: CONE
  • Exchange: NasdaqGS
  • Founded: 2012
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: US$8.426b
  • Shares outstanding: 120.42m
  • Website: https://www.cyrusone.com

Number of Employees


Location

  • CyrusOne Inc.
  • 2850 N Harwood
  • St., Suite 2200
  • Dallas
  • Texas
  • 75201
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CONENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 2013
RCYDB (Deutsche Boerse AG)YesCommon StockDEEURJan 2013

Biography

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 23:37
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
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.