CBL & ASSOCIATES PROPERTIES (CBL) Stock Fundamental Analysis

NYSE:CBL • US1248308785

38.22 USD
+0.8 (+2.14%)
At close: Feb 20, 2026
38.22 USD
0 (0%)
After Hours: 2/20/2026, 4:15:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

CBL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 123 industry peers in the Diversified REITs industry. There are concerns on the financial health of CBL while its profitability can be described as average. CBL has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • CBL had positive earnings in the past year.
  • 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.
  • Each year in the past 5 years CBL 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 0 200M -200M 400M -400M -600M

1.2 Ratios

  • CBL's Return On Assets of 4.49% is amongst the best of the industry. CBL outperforms 90.24% of its industry peers.
  • Looking at the Return On Equity, with a value of 34.90%, CBL belongs to the top of the industry, outperforming 95.94% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.51%, CBL belongs to the top of the industry, outperforming 86.18% of the companies in the same industry.
  • CBL had an Average Return On Invested Capital over the past 3 years of 3.30%. This is in line with the industry average of 3.06%.
  • The 3 year average ROIC (3.30%) for CBL is below the current ROIC(4.51%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.49%
ROE 34.9%
ROIC 4.51%
ROA(3y)-0.42%
ROA(5y)-5.97%
ROE(3y)-2.15%
ROE(5y)-45.2%
ROIC(3y)3.3%
ROIC(5y)3.42%
CBL Yearly ROA, ROE, ROICCBL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

  • CBL has a Profit Margin of 22.16%. This is in the better half of the industry: CBL outperforms 73.17% of its industry peers.
  • 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 has a Gross Margin of 64.30%. This is in the lower half of the industry: CBL underperforms 60.98% 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 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%
CBL Yearly Profit, Operating, Gross MarginsCBL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

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
  • The number of shares outstanding for CBL has been reduced compared to 5 years ago.
  • CBL has a worse debt/assets ratio than last year.
CBL Yearly Shares OutstandingCBL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.42, we must say that CBL is in the distress zone and has some risk of bankruptcy.
  • CBL has a Altman-Z score (0.42) which is in line with its industry peers.
  • CBL has a Debt/Equity ratio of 6.21. This is a high value indicating a heavy dependency on external financing.
  • CBL's Debt to Equity ratio of 6.21 is on the low side compared to the rest of the industry. CBL is outperformed by 84.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 6.21
Debt/FCF N/A
Altman-Z 0.42
ROIC/WACC0.58
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 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 82.11% of its industry peers.
  • A Quick Ratio of 0.44 indicates that CBL may have some problems paying its short term obligations.
  • The Quick ratio of CBL (0.44) is worse than 81.30% 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 50M 100M 150M 200M 250M

More info and screens

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

1

3. Growth

3.1 Past

  • CBL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 287.60%, which is quite impressive.
  • CBL shows a small growth in Revenue. In the last year, the Revenue has grown by 5.74%.
  • Measured over the past years, CBL shows a decrease in Revenue. The Revenue has been decreasing by -7.68% on average per year.
EPS 1Y (TTM)287.6%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%359.83%
Revenue 1Y (TTM)5.74%
Revenue growth 3Y-3.68%
Revenue growth 5Y-7.68%
Sales Q2Q%11.34%

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 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. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 9.65, which indicates a very decent valuation of CBL.
  • Based on the Price/Earnings ratio, CBL is valued cheaply inside the industry as 93.50% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.09, CBL is valued rather cheaply.
Industry RankSector Rank
PE 9.65
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

  • 79.67% of the companies in the same industry are more expensive than CBL, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.48
CBL Per share dataCBL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The decent profitability rating of CBL may justify a higher PE ratio.
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. Dividend

5.1 Amount

  • CBL has a Yearly Dividend Yield of 4.81%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.78, 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 1.85.
Industry RankSector Rank
Dividend Yield 4.81%

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.
  • 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 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 & ASSOCIATES PROPERTIES

NYSE:CBL (2/20/2026, 4:15:00 PM)

After market: 38.22 0 (0%)

38.22

+0.8 (+2.14%)

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 Owners78.2%
Inst Owner Change1.99%
Ins Owners11.72%
Ins Owner Change22.24%
Market Cap1.17B
Revenue(TTM)553.64M
Net Income(TTM)122.67M
Analysts84
Price Target45.9 (20.09%)
Short Float %4.07%
Short Ratio6.72
Dividend
Industry RankSector Rank
Dividend Yield 4.81%
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)25%
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 9.65
Fwd PE N/A
P/S 2.12
P/FCF N/A
P/OCF 5.44
P/B 3.34
P/tB 6.13
EV/EBITDA 11.48
EPS(TTM)3.96
EY10.36%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.58
FCFYN/A
OCF(TTM)7.03
OCFY18.4%
SpS18.05
BVpS11.46
TBVpS6.23
PEG (NY)N/A
PEG (5Y)N/A
Graham Number31.95
Profitability
Industry RankSector Rank
ROA 4.49%
ROE 34.9%
ROCE 5.11%
ROIC 4.51%
ROICexc 4.6%
ROICexgc 5.24%
OM 23.27%
PM (TTM) 22.16%
GM 64.3%
FCFM N/A
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%
ROICexgc growth 3Y-2.18%
ROICexgc 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 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-Score5
WACC7.74%
ROIC/WACC0.58
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)287.6%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%359.83%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.74%
Revenue growth 3Y-3.68%
Revenue growth 5Y-7.68%
Sales Q2Q%11.34%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1.12%
EBIT growth 3Y1.12%
EBIT growth 5Y-9.34%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-112.05%
FCF growth 3Y7.81%
FCF growth 5Y3.53%
OCF growth 1Y14.38%
OCF growth 3Y7.21%
OCF growth 5Y-5.85%

CBL & ASSOCIATES PROPERTIES / CBL 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 6 / 10.


Can you provide the financial health for CBL stock?

The financial health rating of CBL & ASSOCIATES PROPERTIES (CBL) is 1 / 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%.