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Market Cap

US$8.6b

Last Updated

2021/04/17 23:08 UTC

Data Sources

Company Financials +

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

Reasonable growth potential second-rate dividend payer.


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

4.3%

CONE

2.4%

US REITs

1.3%

US Market


1 Year Return

5.3%

CONE

26.1%

US REITs

53.9%

US Market

Return vs Industry: CONE underperformed the US REITs industry which returned 26.1% over the past year.

Return vs Market: CONE underperformed the US Market which returned 53.9% over the past year.


Shareholder returns

CONEIndustryMarket
7 Day4.3%2.4%1.3%
30 Day10.1%4.8%5.3%
90 Day0.3%13.5%8.9%
1 Year8.3%5.3%31.4%26.1%56.6%53.9%
3 Year55.2%41.3%46.3%28.7%64.4%53.6%
5 Year98.2%69.4%53.3%22.4%120.4%95.7%

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?

47.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CONE ($72.57) is trading below our estimate of fair value ($137.14)

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 (208.1x) compared to the US REITs industry average (47.1x).

PE vs Market: CONE is poor value based on its PE Ratio (208.1x) compared to the US market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: CONE is poor value based on its PEG Ratio (7.5x)


Price to Book Ratio

PB vs Industry: CONE is overvalued based on its PB Ratio (3.4x) compared to the US REITs industry average (1.8x).


Future Growth

How is CyrusOne forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

27.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CONE's forecast earnings growth (27.9% per year) is above the savings rate (2%).

Earnings vs Market: CONE's earnings (27.9% per year) are forecast to grow faster than the US market (18% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CONE's revenue (9.3% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: CONE's revenue (9.3% 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 (3.2%).


Past Performance

How has CyrusOne performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CONE has a large one-off gain of $68.2M impacting its December 31 2020 financial results.

Growing Profit Margin: CONE's current net profit margins (4%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: CONE has become profitable over the past 5 years, growing earnings by 10.4% per year.

Accelerating Growth: CONE's earnings growth over the past year (2.6%) is below its 5-year average (10.4% per year).

Earnings vs Industry: CONE earnings growth over the past year (2.6%) exceeded the REITs industry -4.4%.


Return on Equity

High ROE: CONE's Return on Equity (1.6%) is considered low.


Financial Health

How is CyrusOne's financial position?


Financial Position Analysis

Short Term Liabilities: CONE's short term assets ($626.2M) exceed its short term liabilities ($246.6M).

Long Term Liabilities: CONE's short term assets ($626.2M) do not cover its long term liabilities ($4.1B).


Debt to Equity History and Analysis

Debt Level: CONE's debt to equity ratio (135.6%) is considered high.

Reducing Debt: CONE's debt to equity ratio has increased from 120.6% to 135.6% over the past 5 years.

Debt Coverage: CONE's debt is not well covered by operating cash flow (13.2%).

Interest Coverage: CONE's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

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

2.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CONE's dividend (2.81%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: CONE's dividend (2.81%) is low compared to the top 25% of dividend payers in the US market (3.46%).


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 reasonably low payout ratio (47.9%), 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 covered by earnings (51.2% payout ratio).


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Bruce Duncan (68 yo)

0.75

Tenure

US$1,080,342

Compensation

Mr. Bruce W. Duncan serves as Senior Advisor at KKR & Co. Inc. since 2018 and previously served as senior advisor from July 2008 to January 2009. He had been Director of Marriott International, Inc., since...


CEO Compensation Analysis

Compensation vs Market: Bruce's total compensation ($USD1.08M) is below average for companies of similar size in the US market ($USD6.51M).

Compensation vs Earnings: Insufficient data to compare Bruce's compensation with company performance.


Leadership Team

Experienced Management: CONE's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: CONE's board of directors are considered experienced (6.9 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 4.9%.


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$8.617b
  • Shares outstanding: 120.69m
  • Website: https://www.cyrusone.com

Number of Employees


Location

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

Listings


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 Analysis2021/04/17 23:08
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.