CyrusOne
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
Rewards
Risk Analysis
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
| CONE | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.3% | 2.4% | 1.3% |
| 30 Day | 10.1% | 4.8% | 5.3% |
| 90 Day | 0.3% | 13.5% | 8.9% |
| 1 Year | 8.3%5.3% | 31.4%26.1% | 56.6%53.9% |
| 3 Year | 55.2%41.3% | 46.3%28.7% | 64.4%53.6% |
| 5 Year | 98.2%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
1 month ago | Simply Wall St
Should We Be Cautious About CyrusOne Inc.'s (NASDAQ:CONE) ROE Of 1.6%?2 months ago | Simply Wall St
Did You Participate In Any Of CyrusOne's (NASDAQ:CONE) Fantastic 156% Return ?4 months ago | Simply Wall St
How Much Are CyrusOne Inc. (NASDAQ:CONE) Insiders Taking Off The Table?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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/17 23:08 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.