NYSE:CLNY

Stock Analysis Report

Executive Summary

Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $53 billion, which includes approximately $14 billion of assets under management from Digital Bridge, a leading global investment manager of digital infrastructure assets including cell towers, small cells, fiber and data centers.

Snowflake

Fundamentals

Second-rate dividend payer and slightly overvalued.


Similar Companies

Share Price & News

How has Colony Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CLNY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.2%

CLNY

1.5%

US REITs

0.7%

US Market


1 Year Return

-19.6%

CLNY

14.3%

US REITs

12.9%

US Market

Return vs Industry: CLNY underperformed the US REITs industry which returned 14.3% over the past year.

Return vs Market: CLNY underperformed the US Market which returned 12.9% over the past year.


Shareholder returns

CLNYIndustryMarket
7 Day-3.2%1.5%0.7%
30 Day-14.0%-1.9%4.4%
90 Day8.8%1.3%7.0%
1 Year-12.5%-19.6%19.1%14.3%15.4%12.9%
3 Yearn/a41.3%23.7%49.1%39.5%
5 Yearn/a57.6%24.8%62.7%44.7%

Price Volatility Vs. Market

How volatile is Colony Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Colony Capital undervalued compared to its fair value and its price relative to the market?

30.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLNY ($4.84) is trading below our estimate of fair value ($7)

Significantly Below Fair Value: CLNY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CLNY is unprofitable, so we can't compare its PE Ratio to the REITs industry average.

PE vs Market: CLNY is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CLNY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CLNY is good value based on its PB Ratio (0.6x) compared to the US REITs industry average (2x).


Next Steps

Future Growth

How is Colony Capital forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

57.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLNY is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CLNY is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CLNY is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CLNY's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: CLNY's revenue is forecast to decline over the next 3 years (-0.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CLNY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Colony Capital performed over the past 5 years?

-78.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLNY has large one-off items impacting its financial results.

Growing Profit Margin: CLNY's current net profit margins (-60%) are lower than last year (-24.6%).


Past Earnings Growth Analysis

Earnings Trend: CLNY is unprofitable, and losses have increased over the past 5 years at a rate of -78.4% per year.

Accelerating Growth: Unable to compare CLNY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CLNY is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (8.7%).


Return on Equity

High ROE: CLNY has a negative Return on Equity (-15.49%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Colony Capital's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CLNY has a high level of physical assets or inventory.

Debt Coverage by Assets: CLNY's debt is not covered by short term assets (assets are 0.8x debt).


Financial Institutions Analysis

Asset Level: CLNY's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CLNY has a sufficient allowance for bad loans.

Low Risk Liabilities: CLNY reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CLNY has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CLNY has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CLNY has an appropriate level of bad loans.


Next Steps

Dividend

What is Colony Capital's current dividend yield, its reliability and sustainability?

9.09%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Colony Capital before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company9.1%marketbottom25%1.4%markettop25%3.6%industryaverage3.7%forecastin3Years7.7%

Current dividend yield vs market & industry

Notable Dividend: CLNY's dividend (9.09%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: CLNY's dividend (9.09%) is in the top 25% of dividend payers in the US market (3.65%)


Stability and Growth of Payments

Stable Dividend: CLNY has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CLNY has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: CLNY is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CLNY's dividends in 3 years are forecast to be thoroughly covered by earnings (0.1% payout ratio).


Next Steps

Management

What is the CEO of Colony Capital's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Tom Barrack (72yo)

1yrs

Tenure

US$8,525,666

Compensation

Mr. Thomas Joseph Barrack Jr., also known as Tom, has been the Chief Executive Officer at Colony Capital, LLC. He has been the Chief Executive Officer and President of Harveys Casino Resorts, Inc. since Ja ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD8.53M) is above average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.7yrs

Average Tenure

52yo

Average Age

Experienced Management: CLNY's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

2.8yrs

Average Tenure

70.5yo

Average Age

Experienced Board: CLNY's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: CLNY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$101,59330 Aug 19
Craig Hatkoff
EntityIndividual
Shares23,000
Max PriceUS$4.42
SellUS$90,00207 Dec 18
Neale Redington
EntityIndividual
Role
Chief Accounting Officer
MD & Chief Accounting Officer
Shares15,000
Max PriceUS$6.01

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Tom Barrack (72yo)

    Founder

    • Tenure: 1yrs
    • Compensation: US$8.53m
  • Mark Hedstrom (60yo)

    Executive VP

    • Tenure: 0.8yrs
    • Compensation: US$3.09m
  • Kevin Traenkle (49yo)

    Executive VP & Chief Investment Officer

    • Tenure: 10.4yrs
    • Compensation: US$3.34m
  • Jonathan Lang (51yo)

    MD & Chief Information Officer

    • Tenure: 1.7yrs
  • Ron Sanders (55yo)

    Executive VP

    • Tenure: 10.2yrs
    • Compensation: US$2.68m
  • Darren Tangen (48yo)

    President

    • Tenure: 1yrs
    • Compensation: US$8.64m
  • Neale Redington (52yo)

    MD & Chief Accounting Officer

    • Tenure: 0yrs
  • Brian Lee

    MD & Head of Corporate Finance

    • Tenure: 0yrs
  • Donna Hansen

    MD, Chief Administrative Officer & Global Head of Tax

    • Tenure: 0yrs
  • Karren Fink

    MD & Global Head of Human Resources

    • Tenure: 1.7yrs

Board Members

  • Nancy Curtin (61yo)

    Lead Director

    • Tenure: 2.8yrs
    • Compensation: US$276.94k
  • Doug Crocker (79yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$251.94k
  • Tom Barrack (72yo)

    Founder

    • Tenure: 1yrs
    • Compensation: US$8.53m
  • George Parker (80yo)

    Independent Director

    • Tenure: 10.2yrs
    • Compensation: US$271.94k
  • Launny Steffens (78yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$266.94k
  • Ray Mikulich (66yo)

    Independent Director

    • Tenure: 0.8yrs
  • Jon Fosheim (69yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$266.94k
  • John Somers (75yo)

    Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: US$266.94k
  • Charles Schoenherr (59yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$251.94k
  • Justin Metz (45yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$251.94k

Company Information

Colony Capital, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Colony Capital, Inc.
  • Ticker: CLNY
  • Exchange: NYSE
  • Founded: 2009
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: US$2.615b
  • Market Cap: US$2.361b
  • Shares outstanding: 540.35m
  • Website: https://www.clny.com

Number of Employees


Location

  • Colony Capital, Inc.
  • 515 South Flower Street
  • 44th Floor
  • Los Angeles
  • California
  • 90071
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLNY.PRHNYSE (New York Stock Exchange)7.125% PFD SER HUSUSDJan 2017
CLNY.PRENYSE (New York Stock Exchange)PFD SER E 8.75%USUSDJan 2017
CLNY.PRBNYSE (New York Stock Exchange)PFD B 8.25%USUSDJan 2017
CLNYNYSE (New York Stock Exchange)YesNew Class A Common StockUSUSDJan 2017
6CLDB (Deutsche Boerse AG)YesNew Class A Common StockDEEURJan 2017
0YY7LSE (London Stock Exchange)YesNew Class A Common StockGBUSDJan 2017
CLNY.PRGNYSE (New York Stock Exchange)7.5% CUM PFD GUSUSDJan 2017
CLNY.PRINYSE (New York Stock Exchange)7.15% CUM PFD IUSUSDMay 2017
CLNY.PRJNYSE (New York Stock Exchange)7.125% CUM PFD JUSUSDSep 2017

Biography

Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $53 billion, which includes approximately $14 billion of assets under management from Digita ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 00:44
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.