CBL & ASSOCIATES PROPERTIES (CBL) Stock Fundamental Analysis
USA - NYSE:CBL - US1248308785 - REIT
30.35 USD
-1.25 (-3.96%)
30.35 USD
0 (0%)
Overall CBL gets a fundamental rating of 4 out of 10. We evaluated CBL against 130 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 valuation in line with the averages, but on the other hand it scores bad on growth.
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.
The reported net income has been mixed in the past 5 years: CBL reported negative net income in multiple 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 (2.47%) than 70.00% of its industry peers.
With an excellent Return On Equity value of 22.21%, CBL belongs to the best of the industry, outperforming 95.38% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.71%, CBL belongs to the top of the industry, outperforming 87.69% 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 3.05%.
The last Return On Invested Capital (4.71%) for CBL is above the 3 year average (3.30%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 11.91%, CBL is in the better half of the industry, outperforming 63.08% of the companies in the same industry.
CBL has a Operating Margin (23.92%) which is comparable to the rest of the industry.
CBL's Operating Margin has declined in the last couple of years.
CBL's Gross Margin of 64.18% is on the low side compared to the rest of the industry. CBL is outperformed by 60.00% of its industry peers.
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
CBL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CBL has less shares outstanding
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
CBL has an Altman-Z score of 0.37. 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 (0.37) is worse than 60.00% of its industry peers.
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 84.62% 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 Debt to Equity ratio of 7.39. This is amonst the worse of the industry: CBL underperforms 89.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.39 | ||
| Debt/FCF | 14.21 | ||
| Altman-Z | 0.37 |
ROIC/WACC0.58
WACC8.13%
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.
CBL has a worse Current ratio (0.74) than 61.54% of its industry peers.
A Quick Ratio of 0.74 indicates that CBL may have some problems paying its short term obligations.
CBL has a worse Quick ratio (0.74) than 60.00% of its industry peers.
| 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.
CBL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.19%.
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)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 14.45 indicates a correct valuation of CBL.
CBL's Price/Earnings ratio is rather cheap when compared to the industry. CBL is cheaper than 92.31% of the companies in the same industry.
CBL is valuated rather cheaply when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.45 | ||
| Fwd PE | N/A |
4.2 Price Multiples
80.77% of the companies in the same industry are more expensive than CBL, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBL indicates a rather cheap valuation: CBL is cheaper than 97.69% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.24 | ||
| EV/EBITDA | 10.71 |
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 5.70%, CBL is a good candidate for dividend investing.
CBL's Dividend Yield is comparable with the industry average which is at 6.58.
CBL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.7% |
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
30.35
-1.25 (-3.96%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners77.11%
Inst Owner Change0.15%
Ins Owners11.74%
Ins Owner Change-0.32%
Market Cap938.73M
Analysts80
Price Target36.72 (20.99%)
Short Float %4.98%
Short Ratio10.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.7% |
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 | 14.45 | ||
| Fwd PE | N/A | ||
| P/S | 1.74 | ||
| P/FCF | 6.24 | ||
| P/OCF | 4.53 | ||
| P/B | 3.24 | ||
| P/tB | 6.67 | ||
| EV/EBITDA | 10.71 |
EPS(TTM)2.1
EY6.92%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)4.87
FCFY16.04%
OCF(TTM)6.7
OCFY22.07%
SpS17.44
BVpS9.36
TBVpS4.55
PEG (NY)N/A
PEG (5Y)N/A
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%
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 Turnover0.21
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 | 0.37 |
F-Score5
WACC8.13%
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)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%