CyrusOne (NASDAQ: CONE) is a real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. 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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CONE exceeded the US REITs industry which returned -13.7% over the past year.
Return vs Market: CONE underperformed the US Market which returned 12.8% 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
3 weeks ago | Simply Wall StShould CyrusOne Inc. (NASDAQ:CONE) Focus On Improving This Fundamental Metric?
4 months ago | Simply Wall StTrade Alert: The Executive VP & CFO Of CyrusOne Inc. (NASDAQ:CONE), Diane Morefield, Has Sold Some Shares Recently
4 months ago | Simply Wall StCyrusOne Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
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 ($72.59) is trading below our estimate of fair value ($134.23)
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 (425.5x) compared to the US REITs industry average (33.7x).
PE vs Market: CONE is poor value based on its PE Ratio (425.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: CONE is poor value based on its PEG Ratio (16.9x)
Price to Book Ratio
PB vs Industry: CONE is overvalued based on its PB Ratio (3.4x) compared to the US REITs industry average (1.5x).
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 (25.2% per year) is above the savings rate (2.2%).
Earnings vs Market: CONE's earnings (25.2% per year) are forecast to grow faster than the US market (23.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CONE's revenue (9.8% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: CONE's revenue (9.8% 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 (4.4%).
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 $12.0M impacting its June 30 2020 financial results.
Growing Profit Margin: CONE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CONE has become profitable over the past 5 years, growing earnings by 14.1% per year.
Accelerating Growth: CONE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CONE has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (3.3%).
Return on Equity
High ROE: CONE's Return on Equity (0.8%) is considered low.
How is CyrusOne's financial position?
Financial Position Analysis
Short Term Liabilities: CONE's short term assets ($402.3M) exceed its short term liabilities ($200.9M).
Long Term Liabilities: CONE's short term assets ($402.3M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: CONE's debt to equity ratio (129%) is considered high.
Reducing Debt: CONE's debt to equity ratio has increased from 85% to 129% over the past 5 years.
Debt Coverage: CONE's debt is not well covered by operating cash flow (13%).
Interest Coverage: CONE's interest payments on its debt are not well covered by EBIT (1.3x coverage).
What is CyrusOne current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CONE's dividend (2.81%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: CONE's dividend (2.81%) is low compared to the top 25% of dividend payers in the US market (4.7%).
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 (50.6%), 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 covered by earnings (51.4% 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. He had been Director of Marriott International, Inc., since September 23, 2016 until July 22, 2020. Mr. Duncan serves as President, Chief Exec ...
|Executive VP & CFO||3.83yrs||US$2.33m||0.024% |
|Executive VP||5.08yrs||US$1.66m||0.014% |
|President||0.17yr||no data||0.073% |
|Senior VP & Chief Accounting Officer||2yrs||no data||0.00014% |
|Chief Information Officer||1.17yrs||no data||no data|
|Vice President||no data||no data||no data|
|Executive Vice President of Sales||0.083yr||no data||no data|
|Executive VP & Chief Strategy Officer||3.42yrs||no data||no data|
|Executive VP & MD of Europe||2.08yrs||no data||no data|
|Vice President for Strategic Accounts||2.42yrs||no data||no data|
Experienced Management: CONE's management team is considered experienced (2.1 years average tenure).
|President||0.17yr||no data||0.073% |
|Independent Director||7.67yrs||US$225.01k||0.029% |
|Independent Director||7.67yrs||US$220.01k||0.022% |
|Non-Executive Chairman & Lead Independent Director||6.25yrs||US$307.51k||0.028% |
|Independent Director||6.33yrs||US$210.01k||0.020% |
|Independent Director||6.33yrs||US$242.51k||0.019% |
|Independent Director||4.33yrs||US$232.51k||0.0077% |
|Independent Director||7.67yrs||US$207.51k||0.081% |
Experienced Board: CONE's board of directors are considered experienced (6.3 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 3.3%.
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$8.484b
- Shares outstanding: 116.87m
- 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|
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/21 05:31|
|End of Day Share Price||2020/09/18 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.