CBL & ASSOCIATES PROPERTIES (CBL) Stock Fundamental Analysis
USA - NYSE:CBL - US1248308785 - REIT
32.45 USD
+0.07 (+0.22%)
32.45 USD
0 (0%)
Overall CBL gets a fundamental rating of 4 out of 10. We evaluated CBL against 128 industry peers in the Diversified REITs industry. CBL has a medium profitability rating, but doesn't score so well on its financial health evaluation. CBL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CBL was profitable.
In the past year CBL had a positive cash flow from operations.
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 better Return On Assets (2.47%) than 70.31% of its industry peers.
CBL's Return On Equity of 22.21% is amongst the best of the industry. CBL outperforms 95.31% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.71%, CBL belongs to the top of the industry, outperforming 92.97% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CBL is in line with the industry average of 3.04%.
The 3 year average ROIC (3.30%) for CBL is below the current ROIC(4.71%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.47% | ||
| ROE | 22.21% | ||
| ROIC | 4.71% |
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 11.91% is fine compared to the rest of the industry. CBL outperforms 61.72% of its industry peers.
The Operating Margin of CBL (23.92%) is comparable to the rest of the industry.
CBL's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 64.18%, CBL is not doing good in the industry: 60.94% of the companies in the same industry are doing better.
CBL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.92% | ||
| PM (TTM) | 11.91% | ||
| GM | 64.18% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CBL is destroying value.
The number of shares outstanding for CBL has been reduced compared to 1 year ago.
CBL has less shares outstanding than it did 5 years ago.
CBL has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.39, we must say that CBL is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CBL (0.39) is comparable to the rest of the industry.
The Debt to FCF ratio of CBL is 14.21, which is on the high side as it means it would take CBL, 14.21 years of fcf income to pay off all of its debts.
CBL's Debt to FCF ratio of 14.21 is amongst the best of the industry. CBL outperforms 84.38% of its industry peers.
A Debt/Equity ratio of 7.39 is on the high side and indicates that CBL has dependencies on debt financing.
CBL has a worse Debt to Equity ratio (7.39) than 85.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.39 | ||
| Debt/FCF | 14.21 | ||
| Altman-Z | 0.39 |
ROIC/WACC0.6
WACC7.81%
2.3 Liquidity
CBL has a Current Ratio of 0.74. This is a bad value and indicates that CBL is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CBL (0.74) is worse than 64.84% of its industry peers.
A Quick Ratio of 0.74 indicates that CBL may have some problems paying its short term obligations.
With a Quick ratio value of 0.74, CBL is not doing good in the industry: 61.72% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 129.75% over the past year.
Looking at the last year, CBL shows a small growth in Revenue. The Revenue has grown by 2.19% in the last year.
CBL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -7.68% yearly.
EPS 1Y (TTM)129.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-41.97%
Revenue 1Y (TTM)2.19%
Revenue growth 3Y-3.68%
Revenue growth 5Y-7.68%
Sales Q2Q%8.67%
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
A Price/Earnings ratio of 15.45 indicates a correct valuation of CBL.
Based on the Price/Earnings ratio, CBL is valued cheaply inside the industry as 91.41% of the companies are valued more expensively.
CBL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.45 | ||
| 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 78.13% of the companies listed in the same industry.
CBL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CBL is cheaper than 97.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.67 | ||
| EV/EBITDA | 10.94 |
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
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.56%, CBL is a good candidate for dividend investing.
CBL's Dividend Yield is comparable with the industry average which is at 6.49.
Compared to an average S&P500 Dividend Yield of 2.44, CBL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
5.2 History
The dividend of CBL is nicely growing with an annual growth rate of 8.62%!
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
5.3 Sustainability
CBL pays out 115.63% of its income as dividend. This is not a sustainable payout ratio.
DP115.63%
EPS Next 2YN/A
EPS Next 3YN/A
32.45
+0.07 (+0.22%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners77.03%
Inst Owner Change-1.61%
Ins Owners11.72%
Ins Owner Change-1.27%
Market Cap1.00B
Revenue(TTM)539.45M
Net Income(TTM)64.27M
Analysts80
Price Target36.72 (13.16%)
Short Float %3.51%
Short Ratio8.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
Yearly Dividend1.61
Dividend Growth(5Y)8.62%
DP115.63%
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 | 15.45 | ||
| Fwd PE | N/A | ||
| P/S | 1.86 | ||
| P/FCF | 6.67 | ||
| P/OCF | 4.84 | ||
| P/B | 3.47 | ||
| P/tB | 7.13 | ||
| EV/EBITDA | 10.94 |
EPS(TTM)2.1
EY6.47%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)4.87
FCFY15%
OCF(TTM)6.7
OCFY20.64%
SpS17.44
BVpS9.36
TBVpS4.55
PEG (NY)N/A
PEG (5Y)N/A
Graham Number21.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.47% | ||
| ROE | 22.21% | ||
| ROCE | 5.34% | ||
| ROIC | 4.71% | ||
| ROICexc | 4.91% | ||
| ROICexgc | 5.63% | ||
| OM | 23.92% | ||
| PM (TTM) | 11.91% | ||
| GM | 64.18% | ||
| FCFM | 27.9% |
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 Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.39 | ||
| Debt/FCF | 14.21 | ||
| Debt/EBITDA | 7.69 | ||
| Cap/Depr | 38% | ||
| Cap/Sales | 10.51% | ||
| Interest Coverage | 0.99 | ||
| Cash Conversion | 74.48% | ||
| Profit Quality | 234.23% | ||
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 0.39 |
F-Score5
WACC7.81%
ROIC/WACC0.6
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)129.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-41.97%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.19%
Revenue growth 3Y-3.68%
Revenue growth 5Y-7.68%
Sales Q2Q%8.67%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y4.65%
EBIT growth 3Y1.12%
EBIT growth 5Y-9.34%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-3.94%
FCF growth 3Y7.81%
FCF growth 5Y3.53%
OCF growth 1Y1.42%
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 4 / 10 to CBL.
What is the valuation status for CBL stock?
ChartMill assigns a valuation rating of 4 / 10 to CBL & ASSOCIATES PROPERTIES (CBL). This can be considered as Fairly Valued.
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 dividend sustainability for CBL stock?
The dividend rating of CBL & ASSOCIATES PROPERTIES (CBL) is 5 / 10 and the dividend payout ratio is 115.63%.