CyrusOne (NASDAQ: CONE) is a real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties.
Proven track record with moderate growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CONE exceeded the US REITs industry which returned -26.6% over the past year.
Return vs Market: CONE exceeded the US Market which returned -15.1% over the past year.
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
2 weeks ago | Simply Wall StWith A 1.7% Return On Equity, Is CyrusOne Inc. (NASDAQ:CONE) A Quality Stock?
1 month ago | Simply Wall StCyrusOne Inc. (NASDAQ:CONE) Insiders Have Been Selling
2 months ago | Simply Wall StDid You Miss CyrusOne's (NASDAQ:CONE) Impressive 118% Share Price Gain?
Is CyrusOne undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CONE ($61.85) is trading below our estimate of fair value ($133.67)
Significantly Below Fair Value: CONE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CONE is poor value based on its PE Ratio (170.4x) compared to the REITs industry average (22.7x).
PE vs Market: CONE is poor value based on its PE Ratio (170.4x) compared to the US market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: CONE is poor value based on its PEG Ratio (10.4x)
Price to Book Ratio
PB vs Industry: CONE is overvalued based on its PB Ratio (2.9x) compared to the US REITs industry average (1.2x).
How is CyrusOne forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CONE's forecast earnings growth (16.3% per year) is above the savings rate (1.7%).
Earnings vs Market: CONE's earnings (16.3% per year) are forecast to grow faster than the US market (13.4% per year).
High Growth Earnings: CONE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CONE's revenue (8.3% per year) is forecast to grow faster than the US market (7.1% per year).
High Growth Revenue: CONE's revenue (8.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CONE is forecast to be unprofitable in 3 years.
How has CyrusOne performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CONE has a large one-off gain of $51.0M impacting its December 31 2019 financial results.
Growing Profit Margin: CONE's current net profit margins (4.1%) are higher than last year (0.01%).
Past Earnings Growth Analysis
Earnings Trend: CONE has become profitable over the past 5 years, growing earnings by 18.5% per year.
Accelerating Growth: CONE's earnings growth over the past year (40600%) exceeds its 5-year average (18.5% per year).
Earnings vs Industry: CONE earnings growth over the past year (40600%) exceeded the REITs industry 4.3%.
Return on Equity
High ROE: CONE's Return on Equity (1.7%) is considered low.
How is CyrusOne's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CONE has a high level of physical assets or inventory.
Debt Coverage by Assets: CONE's debt is not covered by short term assets (assets are 0.1x debt).
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: CONE is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: CONE is profitable, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: CONE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CONE has a sufficient allowance for bad loans.
Low Risk Liabilities: CONE reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CONE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CONE has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CONE has an appropriate level of bad loans.
What is CyrusOne's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CONE's dividend (3.23%) is higher than the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: CONE's dividend (3.23%) is low compared to the top 25% of dividend payers in the US market (5.71%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.7%), CONE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CONE's dividends in 3 years are forecast to be thoroughly covered by earnings (0.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tesh Durvasula (52yo)
Mr. Venkatesh S. Durvasula, also known as Tesh, serves as Chief Commercial Officer of CyrusOne GP. Mr. Durvasula served as the Executive Vice President and President, Europe at CyrusOne Inc. since December ...
CEO Compensation Analysis
Compensation vs Market: Tesh's total compensation ($USD3.19M) is below average for companies of similar size in the US market ($USD7.63M).
Compensation vs Earnings: Tesh's compensation has increased by more than 20% in the past year.
|Interim President & CEO||0.17yr||US$3.19m||0.094% $6.7m|
|Executive VP & CFO||3.42yrs||US$2.33m||0.037% $2.6m|
|Executive VP & Chief Technology Officer||8.5yrs||US$2.59m||0.029% $2.1m|
|Executive VP||4.67yrs||US$1.66m||0.025% $1.8m|
|Senior VP & Chief Accounting Officer||1.58yrs||no data||0.00014% $10.0k|
|Chief Information Officer||0.75yr||no data||no data|
|Vice President||no data||no data||no data|
|Executive VP & Chief People Officer||4.08yrs||no data||no data|
|Executive VP & Chief Commercial Officer||3.5yrs||no data||no data|
|Executive VP & Chief Strategy Officer||3yrs||no data||no data|
Experienced Management: CONE's management team is considered experienced (3.4 years average tenure).
|Independent Director||7.25yrs||US$225.01k||0.027% $1.9m|
|Independent Director||7.25yrs||US$220.01k||0.021% $1.5m|
|Non-Executive Chairman & Lead Independent Director||5.83yrs||US$307.51k||0.026% $1.9m|
|Independent Director||5.92yrs||US$210.01k||0.018% $1.3m|
|Independent Director||5.92yrs||US$242.51k||0.018% $1.3m|
|Independent Director||3.92yrs||US$232.51k||0.011% $759.6k|
|Independent Director||7.25yrs||US$207.51k||0.080% $5.7m|
Experienced Board: CONE's board of directors are considered experienced (5.9 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.3%.
CyrusOne Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CyrusOne Inc.
- Ticker: CONE
- Exchange: NasdaqGS
- Founded: 2012
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$7.112b
- Shares outstanding: 115.00m
- Website: https://www.cyrusone.com
Number of Employees
- CyrusOne Inc.
- 2850 N Harwood
- St., Suite 2200
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CONE||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 2013|
|RCY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 2013|
|RCY||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Jan 2013|
CyrusOne (NASDAQ: CONE) is a real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 200 Fortune 1000 companies. With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its nearly 50 data centers worldwide.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 08:19|
|End of Day Share Price||2020/04/03 00:00|
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.