CBL & ASSOCIATES PROPERTIES (CBL) Fundamental Analysis & Valuation

NYSE:CBL • US1248308785

Current stock price

37.84 USD
+0.92 (+2.49%)
At close:
38.17 USD
+0.33 (+0.87%)
After Hours:

This CBL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. CBL Profitability Analysis

1.1 Basic Checks

  • In the past year CBL was profitable.
  • In the past year CBL had a positive cash flow from operations.
  • In multiple years CBL reported negative net income over the last 5 years.
  • Of the past 5 years CBL 4 years had a positive operating cash flow.
CBL Yearly Net Income VS EBIT VS OCF VS FCFCBL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M -600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.49%, CBL belongs to the top of the industry, outperforming 88.62% of the companies in the same industry.
  • The Return On Equity of CBL (34.90%) is better than 95.12% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.04%, CBL is in the better half of the industry, outperforming 78.86% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CBL is in line with the industry average of 3.11%.
  • The 3 year average ROIC (3.90%) for CBL is below the current ROIC(4.04%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.49%
ROE 34.9%
ROIC 4.04%
ROA(3y)2.41%
ROA(5y)-3.49%
ROE(3y)18.39%
ROE(5y)-25.56%
ROIC(3y)3.9%
ROIC(5y)3.38%
CBL Yearly ROA, ROE, ROICCBL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100 -150

1.3 Margins

  • With a decent Profit Margin value of 22.16%, CBL is doing good in the industry, outperforming 72.36% of the companies in the same industry.
  • CBL has a Operating Margin (23.27%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of CBL has declined.
  • CBL's Gross Margin of 64.30% is on the low side compared to the rest of the industry. CBL is outperformed by 61.79% of its industry peers.
  • In the last couple of years the Gross Margin of CBL has remained more or less at the same level.
Industry RankSector Rank
OM 23.27%
PM (TTM) 22.16%
GM 64.3%
OM growth 3Y41.82%
OM growth 5Y-1.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.65%
GM growth 5Y-0.82%
CBL Yearly Profit, Operating, Gross MarginsCBL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. CBL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CBL is destroying value.
  • Compared to 1 year ago, CBL has less shares outstanding
  • Compared to 5 years ago, CBL has less shares outstanding
  • CBL has a better debt/assets ratio than last year.
CBL Yearly Shares OutstandingCBL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
CBL Yearly Total Debt VS Total AssetsCBL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • CBL has an Altman-Z score of 0.42. This is a bad value and indicates that CBL is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of CBL (0.42) is comparable to the rest of the industry.
  • CBL has a Debt/Equity ratio of 6.21. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 6.21, CBL is not doing good in the industry: 85.37% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 6.21
Debt/FCF N/A
Altman-Z 0.42
ROIC/WACC0.52
WACC7.74%
CBL Yearly LT Debt VS Equity VS FCFCBL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • CBL has a Current Ratio of 0.44. 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 Current ratio of 0.44 is on the low side compared to the rest of the industry. CBL is outperformed by 77.24% of its industry peers.
  • CBL has a Quick Ratio of 0.44. 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 has a Quick ratio of 0.44. This is in the lower half of the industry: CBL underperforms 76.42% of its industry peers.
Industry RankSector Rank
Current Ratio 0.44
Quick Ratio 0.44
CBL Yearly Current Assets VS Current LiabilitesCBL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. CBL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 126.08% over the past year.
  • Looking at the last year, CBL shows a quite strong growth in Revenue. The Revenue has grown by 12.18% in the last year.
  • CBL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.09% yearly.
EPS 1Y (TTM)126.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25.4%
Revenue 1Y (TTM)12.18%
Revenue growth 3Y0.9%
Revenue growth 5Y0.09%
Sales Q2Q%18.78%

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.
CBL Yearly Revenue VS EstimatesCBL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
CBL Yearly EPS VS EstimatesCBL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2024 0 0.5 -0.5 1

More info and screens

Find the best growth stocksShow best growing peers

3

4. CBL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.86, the valuation of CBL can be described as reasonable.
  • CBL's Price/Earnings ratio is rather cheap when compared to the industry. CBL is cheaper than 95.12% of the companies in the same industry.
  • CBL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.96.
Industry RankSector Rank
PE 8.86
Fwd PE N/A
CBL Price Earnings VS Forward Price EarningsCBL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • CBL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CBL is cheaper than 76.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.47
CBL Per share dataCBL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. CBL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.85%, CBL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 7.30, CBL has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, CBL pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.85%

5.2 History

  • On average, the dividend of CBL grows each year by 8.62%, which is quite nice.
  • CBL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of CBL decreased recently.
Dividend Growth(5Y)8.62%
Div Incr Years1
Div Non Decr Years1
CBL Yearly Dividends per shareCBL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 61.69% of the earnings are spent on dividend by CBL. This is not a sustainable payout ratio.
DP61.69%
EPS Next 2YN/A
EPS Next 3YN/A
CBL Yearly Income VS Free CF VS DividendCBL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M
CBL Dividend Payout.CBL Dividend Payout, showing the Payout Ratio.CBL Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

CBL Fundamentals: All Metrics, Ratios and Statistics

CBL & ASSOCIATES PROPERTIES

NYSE:CBL (3/16/2026, 8:11:36 PM)

After market: 38.17 +0.33 (+0.87%)

37.84

+0.92 (+2.49%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-18
Earnings (Next)05-04
Inst Owners79.75%
Inst Owner Change0.38%
Ins Owners13.59%
Ins Owner Change21.86%
Market Cap1.15B
Revenue(TTM)578.37M
Net Income(TTM)122.67M
Analysts84
Price Target45.9 (21.3%)
Short Float %3.64%
Short Ratio6.21
Dividend
Industry RankSector Rank
Dividend Yield 4.85%
Yearly Dividend1.61
Dividend Growth(5Y)8.62%
DP61.69%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-17
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 RankSector Rank
PE 8.86
Fwd PE N/A
P/S 2.07
P/FCF N/A
P/OCF 5.32
P/B 3.26
P/tB 6
EV/EBITDA 11.47
EPS(TTM)4.27
EY11.28%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.59
FCFYN/A
OCF(TTM)7.11
OCFY18.8%
SpS18.26
BVpS11.59
TBVpS6.31
PEG (NY)N/A
PEG (5Y)N/A
Graham Number33.37
Profitability
Industry RankSector Rank
ROA 4.49%
ROE 34.9%
ROCE 5.11%
ROIC 4.04%
ROICexc 4.12%
ROICexgc 4.69%
OM 23.27%
PM (TTM) 22.16%
GM 64.3%
FCFM N/A
ROA(3y)2.41%
ROA(5y)-3.49%
ROE(3y)18.39%
ROE(5y)-25.56%
ROIC(3y)3.9%
ROIC(5y)3.38%
ROICexc(3y)3.96%
ROICexc(5y)3.47%
ROICexgc(3y)4.55%
ROICexgc(5y)4.16%
ROCE(3y)4.94%
ROCE(5y)4.27%
ROICexgc growth 3Y37.62%
ROICexgc growth 5Y11.36%
ROICexc growth 3Y41.94%
ROICexc growth 5Y9.22%
OM growth 3Y41.82%
OM growth 5Y-1.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.65%
GM growth 5Y-0.82%
F-Score8
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 6.21
Debt/FCF N/A
Debt/EBITDA 7.64
Cap/Depr 149.1%
Cap/Sales 42.2%
Interest Coverage 0.98
Cash Conversion 75.55%
Profit Quality N/A
Current Ratio 0.44
Quick Ratio 0.44
Altman-Z 0.42
F-Score8
WACC7.74%
ROIC/WACC0.52
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)126.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25.4%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.18%
Revenue growth 3Y0.9%
Revenue growth 5Y0.09%
Sales Q2Q%18.78%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1.12%
EBIT growth 3Y43.1%
EBIT growth 5Y-1.66%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-110.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.06%
OCF growth 3YN/A
OCF growth 5YN/A

CBL & ASSOCIATES PROPERTIES / CBL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for CBL & ASSOCIATES PROPERTIES?

ChartMill assigns a fundamental rating of 3 / 10 to CBL.


Can you provide the valuation status for CBL & ASSOCIATES PROPERTIES?

ChartMill assigns a valuation rating of 3 / 10 to CBL & ASSOCIATES PROPERTIES (CBL). This can be considered as Overvalued.


Can you provide the profitability details for CBL & ASSOCIATES PROPERTIES?

CBL & ASSOCIATES PROPERTIES (CBL) has a profitability rating of 5 / 10.


Can you provide the financial health for CBL stock?

The financial health rating of CBL & ASSOCIATES PROPERTIES (CBL) is 2 / 10.


Is the dividend of CBL & ASSOCIATES PROPERTIES sustainable?

The dividend rating of CBL & ASSOCIATES PROPERTIES (CBL) is 5 / 10 and the dividend payout ratio is 61.69%.