CBL & ASSOCIATES PROPERTIES (CBL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CBL - US1248308785 - REIT
37.35 USD
+0.59 (+1.61%)
37.35 USD
0 (0%)
CBL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 127 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 is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CBL had positive earnings in the past year.
CBL had a positive operating cash flow in the past year.
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.
1.2 Ratios
CBL has a better Return On Assets (4.49%) than 88.98% 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 95.28% of the companies in the same industry.
CBL has a better Return On Invested Capital (4.51%) than 87.40% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CBL 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 Rank | Sector 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%
1.3 Margins
CBL's Profit Margin of 22.16% is fine compared to the rest of the industry. CBL outperforms 70.08% of its industry peers.
With a Operating Margin value of 23.27%, CBL perfoms like the industry average, outperforming 51.97% of the companies in the same industry.
CBL's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 64.30%, CBL is not doing good in the industry: 61.42% 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 | 23.27% | ||
| 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CBL is destroying value.
CBL has less shares outstanding than it did 1 year ago.
CBL has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CBL is higher compared to a year ago.
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.
With a Altman-Z score value of 0.42, CBL perfoms like the industry average, outperforming 44.88% of the companies in the same industry.
CBL has a Debt/Equity ratio of 6.21. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of CBL (6.21) is worse than 85.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.21 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.42 |
ROIC/WACC0.58
WACC7.81%
2.3 Liquidity
A Current Ratio of 0.44 indicates that CBL may have some problems paying its short term obligations.
The Current ratio of CBL (0.44) is worse than 82.68% 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.
Looking at the Quick ratio, with a value of 0.44, CBL is doing worse than 81.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 287.60% over the past year.
Looking at the last year, CBL shows a small growth in Revenue. The Revenue has grown by 5.74% in the last year.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.43, the valuation of CBL can be described as very reasonable.
CBL's Price/Earnings ratio is rather cheap when compared to the industry. CBL is cheaper than 93.70% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.84. CBL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| 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 76.38% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.47 |
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
CBL has a Yearly Dividend Yield of 4.85%, which is a nice return.
CBL's Dividend Yield is comparable with the industry average which is at 6.43.
CBL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.85% |
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
5.3 Sustainability
CBL pays out 61.69% of its income as dividend. This is not a sustainable payout ratio.
DP61.69%
EPS Next 2YN/A
EPS Next 3YN/A
37.35
+0.59 (+1.61%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners78.28%
Inst Owner Change-1.65%
Ins Owners11.81%
Ins Owner Change-2.55%
Market Cap1.15B
Revenue(TTM)553.64M
Net Income(TTM)122.67M
Analysts80
Price Target45.9 (22.89%)
Short Float %3.71%
Short Ratio7.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.85% |
Yearly Dividend1.61
Dividend Growth(5Y)8.62%
DP61.69%
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)25%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | N/A | ||
| P/S | 2.07 | ||
| P/FCF | N/A | ||
| P/OCF | 5.31 | ||
| P/B | 3.26 | ||
| P/tB | 5.99 | ||
| EV/EBITDA | 11.47 |
EPS(TTM)3.96
EY10.6%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.58
FCFYN/A
OCF(TTM)7.03
OCFY18.83%
SpS18.05
BVpS11.46
TBVpS6.23
PEG (NY)N/A
PEG (5Y)N/A
Graham Number31.95
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC7.81%
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.
What is the valuation status for CBL stock?
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 dividend sustainability for CBL stock?
The dividend rating of CBL & ASSOCIATES PROPERTIES (CBL) is 5 / 10 and the dividend payout ratio is 61.69%.