Financials iStar Inc.

Equities

STAR

US45031U1016

Diversified REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
18.21 USD -0.98% Intraday chart for iStar Inc. -3.96% -61.81%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 770.7 623.4 902.1 1,099 1,795 661.5
Enterprise Value (EV) 1 3,698 3,329 4,206 4,549 4,050 919.4
P/E ratio 7.26 x -9.62 x 3.89 x -17 x 17 x 1.55 x
Yield - 1.96% 2.69% 2.9% 1.88% 4.91%
Capitalization / Revenue 1.35 x 0.79 x 1.82 x 2.01 x 4.66 x 3.32 x
EV / Revenue 6.5 x 4.2 x 8.51 x 8.33 x 10.5 x 4.61 x
EV / EBITDA 24.8 x 17.8 x 24.2 x 24.7 x 46.1 x 100 x
EV / FCF 16.4 x 25.8 x -12.4 x 52.5 x -142 x 0.72 x
FCF Yield 6.1% 3.88% -8.09% 1.91% -0.7% 138%
Price to Book 0.88 x 0.72 x 1.09 x 1.26 x 2.09 x 0.47 x
Nbr of stocks (in thousands) 10,912 10,878 9,947 11,836 11,116 13,872
Reference price 2 70.62 57.31 90.69 92.81 161.4 47.69
Announcement Date 2/26/18 2/26/19 2/24/20 2/23/21 2/25/22 2/22/23
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 568.8 793.1 494.4 546.2 385 199.3
EBITDA 1 149.3 186.8 173.5 184.4 87.81 9.194
EBIT 1 98.2 129.8 115.9 127.4 28.22 3.624
Operating Margin 17.26% 16.37% 23.44% 23.32% 7.33% 1.82%
Earnings before Tax (EBT) 1 50.9 -17.51 334.8 -30.62 16.46 -196.7
Net income 1 175.7 -32.26 324 -42.44 132.5 421.3
Net margin 30.89% -4.07% 65.54% -7.77% 34.41% 211.35%
EPS 2 9.733 -5.956 23.29 -5.445 9.483 30.77
Free Cash Flow 1 225.6 129.2 -340.2 86.7 -28.47 1,272
FCF margin 39.66% 16.29% -68.81% 15.87% -7.4% 638.01%
FCF Conversion (EBITDA) 151.08% 69.16% - 47.03% - 13,832.38%
FCF Conversion (Net income) 128.42% - - - - 301.87%
Dividend per Share - 1.125 2.438 2.688 3.031 2.344
Announcement Date 2/26/18 2/26/19 2/24/20 2/23/21 2/25/22 2/22/23
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 2,927 2,706 3,304 3,450 2,256 258
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 19.6 x 14.48 x 19.04 x 18.72 x 25.69 x 28.05 x
Free Cash Flow 1 226 129 -340 86.7 -28.5 1,272
ROE (net income / shareholders' equity) 5.24% -1.85% 29% -2.68% 1.56% -15.8%
ROA (Net income/ Total Assets) 1.28% 1.67% 1.43% 1.6% 0.36% 0.06%
Assets 1 13,678 -1,937 22,592 -2,652 36,446 753,646
Book Value Per Share 2 80.60 79.20 83.60 73.60 77.30 102.0
Cash Flow per Share 2 60.20 85.50 24.70 8.330 30.80 104.0
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/26/18 2/26/19 2/24/20 2/23/21 2/25/22 2/22/23
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA