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
Reasonable growth potential second-rate dividend payer.
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.
7 Day Return
1 Year Return
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.
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 StShould We Be Cautious About CyrusOne Inc.'s (NASDAQ:CONE) ROE Of 1.6%?
2 months ago | Simply Wall StDid You Participate In Any Of CyrusOne's (NASDAQ:CONE) Fantastic 156% Return ?
4 months ago | Simply Wall StHow Much Are CyrusOne Inc. (NASDAQ:CONE) Insiders Taking Off The Table?
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 ($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).
How is CyrusOne forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
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%).
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 $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.
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 ($4.1B).
Debt to Equity History and Analysis
Debt Level: CONE's debt to equity ratio (135.6%) is considered high.
Reducing Debt: CONE's debt to equity ratio has increased from 120.6% to 135.6% over the past 5 years.
Debt Coverage: CONE's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: CONE's interest payments on its debt are not well covered by EBIT (1x coverage).
What is CyrusOne current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CONE's dividend (2.81%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: CONE's dividend (2.81%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CONE has been paying a dividend for less than 10 years.
Growing Dividend: CONE's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.9%), CONE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CONE's dividends in 3 years are forecast to be covered by earnings (51.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruce Duncan (68 yo)
Mr. Bruce W. Duncan serves as Senior Advisor at KKR & Co. Inc. since 2018 and previously served as senior advisor from July 2008 to January 2009. He had been Director of Marriott International, Inc., since...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($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.
Experienced Management: CONE's management team is considered experienced (2.2 years average tenure).
Experienced Board: CONE's board of directors are considered experienced (6.9 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 4.9%.
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$8.617b
- Shares outstanding: 120.69m
- Website: https://www.cyrusone.com
Number of Employees
- CyrusOne Inc.
- 2850 N Harwood
- St., Suite 2200
- United States
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|
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.