CBL & ASSOCIATES PROPERTIES (CBL) Stock Fundamental Analysis
NYSE:CBL - New York Stock Exchange, Inc. - US1248308785 - REIT - Currency: USD
We assign a fundamental rating of 4 out of 10 to CBL. CBL was compared to 129 industry peers in the Diversified REITs industry. While CBL is still in line with the averages on profitability rating, there are concerns on its financial health. CBL is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CBL was profitable.
CBL had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CBL reported negative net income in multiple years.
CBL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CBL has a Return On Assets of 2.52%. This is in the better half of the industry: CBL outperforms 72.09% of its industry peers.
The Return On Equity of CBL (22.43%) is better than 95.35% of its industry peers.
CBL has a better Return On Invested Capital (4.53%) than 84.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CBL is in line with the industry average of 3.15%.
The 3 year average ROIC (3.30%) for CBL is below the current ROIC(4.53%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.52% | ||
| ROE | 22.43% | ||
| ROIC | 4.53% |
ROA(3y)-0.42%
ROA(5y)-5.97%
ROE(3y)-2.15%
ROE(5y)-45.2%
ROIC(3y)3.3%
ROIC(5y)3.42%
1.3 Margins
CBL's Profit Margin of 12.53% is fine compared to the rest of the industry. CBL outperforms 64.34% of its industry peers.
Looking at the Operating Margin, with a value of 23.69%, CBL is in line with its industry, outperforming 53.49% of the companies in the same industry.
CBL's Operating Margin has declined in the last couple of years.
CBL has a Gross Margin of 64.56%. This is in the lower half of the industry: CBL underperforms 61.24% of its industry peers.
CBL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.69% | ||
| PM (TTM) | 12.53% | ||
| GM | 64.56% |
OM growth 3Y4.98%
OM growth 5Y-1.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.65%
GM growth 5Y-1.16%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CBL is destroying value.
Compared to 1 year ago, CBL has less shares outstanding
Compared to 5 years ago, CBL has less shares outstanding
The debt/assets ratio for CBL is higher compared to a year ago.
2.2 Solvency
CBL has an Altman-Z score of 0.28. This is a bad value and indicates that CBL is not financially healthy and even has some risk of bankruptcy.
CBL's Altman-Z score of 0.28 is on the low side compared to the rest of the industry. CBL is outperformed by 63.57% of its industry peers.
The Debt to FCF ratio of CBL is 13.92, which is on the high side as it means it would take CBL, 13.92 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 13.92, CBL belongs to the best of the industry, outperforming 86.82% of the companies in the same industry.
CBL has a Debt/Equity ratio of 7.29. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 7.29, CBL is doing worse than 86.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.29 | ||
| Debt/FCF | 13.92 | ||
| Altman-Z | 0.28 |
ROIC/WACC0.54
WACC8.43%
2.3 Liquidity
CBL has a Current Ratio of 0.37. This is a bad value and indicates that CBL is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.37, CBL is not doing good in the industry: 82.95% of the companies in the same industry are doing better.
CBL has a Quick Ratio of 0.37. This is a bad value and indicates that CBL is not financially healthy enough and could expect problems in meeting its short term obligations.
CBL's Quick ratio of 0.37 is on the low side compared to the rest of the industry. CBL is outperformed by 82.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.37 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
CBL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 2020.37%, which is quite impressive.
Looking at the last year, CBL shows a small growth in Revenue. The Revenue has grown by 0.02% in the last year.
The Revenue has been decreasing by -7.68% on average over the past years.
EPS 1Y (TTM)2020.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4151.52%
Revenue 1Y (TTM)0.02%
Revenue growth 3Y-3.68%
Revenue growth 5Y-7.68%
Sales Q2Q%9.8%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.50, the valuation of CBL can be described as reasonable.
Based on the Price/Earnings ratio, CBL is valued cheaply inside the industry as 92.25% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.32, CBL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.5 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CBL indicates a somewhat cheap valuation: CBL is cheaper than 79.07% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBL indicates a rather cheap valuation: CBL is cheaper than 97.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.98 | ||
| EV/EBITDA | 10.53 |
4.3 Compensation for Growth
CBL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.39%, CBL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.77, CBL has a dividend in line with its industry peers.
CBL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.39% |
5.2 History
The dividend of CBL is nicely growing with an annual growth rate of 8.62%!
CBL has paid a dividend for at least 10 years, which is a reliable track record.
CBL has decreased its dividend recently.
Dividend Growth(5Y)8.62%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CBL pays out 112.73% of its income as dividend. This is not a sustainable payout ratio.
DP112.73%
EPS Next 2YN/A
EPS Next 3YN/A
NYSE:CBL (6/16/2025, 11:40:57 AM)
24.84
+0.43 (+1.76%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners77.05%
Inst Owner Change0.29%
Ins Owners11.74%
Ins Owner Change5.4%
Market Cap768.55M
Analysts80
Price Target36.72 (47.83%)
Short Float %4.46%
Short Ratio8.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.39% |
Yearly Dividend1.61
Dividend Growth(5Y)8.62%
DP112.73%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.5 | ||
| Fwd PE | N/A | ||
| P/S | 1.46 | ||
| P/FCF | 4.98 | ||
| P/OCF | 3.78 | ||
| P/B | 2.61 | ||
| P/tB | 6.04 | ||
| EV/EBITDA | 10.53 |
EPS(TTM)2.16
EY8.7%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)4.99
FCFY20.1%
OCF(TTM)6.57
OCFY26.43%
SpS17.07
BVpS9.54
TBVpS4.11
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.52% | ||
| ROE | 22.43% | ||
| ROCE | 5.14% | ||
| ROIC | 4.53% | ||
| ROICexc | 4.59% | ||
| ROICexgc | 5.3% | ||
| OM | 23.69% | ||
| PM (TTM) | 12.53% | ||
| GM | 64.56% | ||
| FCFM | 29.24% |
ROA(3y)-0.42%
ROA(5y)-5.97%
ROE(3y)-2.15%
ROE(5y)-45.2%
ROIC(3y)3.3%
ROIC(5y)3.42%
ROICexc(3y)3.35%
ROICexc(5y)3.52%
ROICexgc(3y)3.94%
ROICexgc(5y)4.18%
ROCE(3y)3.74%
ROCE(5y)3.88%
ROICexcg growth 3Y-2.18%
ROICexcg growth 5Y4.08%
ROICexc growth 3Y2.55%
ROICexc growth 5Y1.48%
OM growth 3Y4.98%
OM growth 5Y-1.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.65%
GM growth 5Y-1.16%
F-Score5
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.29 | ||
| Debt/FCF | 13.92 | ||
| Debt/EBITDA | 7.87 | ||
| Cap/Depr | 32.89% | ||
| Cap/Sales | 9.22% | ||
| Interest Coverage | 0.95 | ||
| Cash Conversion | 74.35% | ||
| Profit Quality | 233.36% | ||
| Current Ratio | 0.37 | ||
| Quick Ratio | 0.37 | ||
| Altman-Z | 0.28 |
F-Score5
WACC8.43%
ROIC/WACC0.54
Cap/Depr(3y)21.91%
Cap/Depr(5y)21.16%
Cap/Sales(3y)7.66%
Cap/Sales(5y)7.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2020.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4151.52%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.02%
Revenue growth 3Y-3.68%
Revenue growth 5Y-7.68%
Sales Q2Q%9.8%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y15.64%
EBIT growth 3Y1.12%
EBIT growth 5Y-9.34%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y0.75%
FCF growth 3Y7.81%
FCF growth 5Y3.53%
OCF growth 1Y2.09%
OCF growth 3Y7.21%
OCF growth 5Y-5.85%