CBL & ASSOCIATES PROPERTIES (CBL) Fundamental Analysis & Valuation

NYSE:CBL • US1248308785

Current stock price

45.31 USD
+0.17 (+0.38%)
Last:

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

6

1. CBL Profitability Analysis

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.
  • CBL had a positive operating cash flow in each of the past 5 years.
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

  • CBL's Return On Assets of 4.88% is amongst the best of the industry. CBL outperforms 91.74% of its industry peers.
  • CBL has a better Return On Equity (35.55%) than 97.52% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.35%, CBL belongs to the top of the industry, outperforming 84.30% 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 last Return On Invested Capital (4.35%) for CBL is above the 3 year average (3.90%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.88%
ROE 35.55%
ROIC 4.35%
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

  • CBL has a better Profit Margin (23.05%) than 75.21% of its industry peers.
  • The Operating Margin of CBL (24.17%) is comparable to the rest of the industry.
  • CBL's Operating Margin has declined in the last couple of years.
  • CBL has a Gross Margin of 64.67%. This is in the lower half of the industry: CBL underperforms 60.33% of its industry peers.
  • CBL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 24.17%
PM (TTM) 23.05%
GM 64.67%
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

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3

2. CBL Health Analysis

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.
  • The number of shares outstanding for CBL has been reduced compared to 1 year ago.
  • Compared to 5 years ago, CBL has less shares outstanding
  • Compared to 1 year ago, CBL has an improved debt to assets ratio.
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

  • Based on the Altman-Z score of 0.53, we must say that CBL is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.53, CBL perfoms like the industry average, outperforming 52.89% of the companies in the same industry.
  • CBL has a debt to FCF ratio of 182.16. This is a negative value and a sign of low solvency as CBL would need 182.16 years to pay back of all of its debts.
  • CBL's Debt to FCF ratio of 182.16 is fine compared to the rest of the industry. CBL outperforms 61.16% of its industry peers.
  • CBL has a Debt/Equity ratio of 5.79. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 5.79, CBL is not doing good in the industry: 85.95% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 5.79
Debt/FCF 182.16
Altman-Z 0.53
ROIC/WACC0.6
WACC7.25%
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 0.47. 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 (0.47) is worse than 77.69% of its industry peers.
  • A Quick Ratio of 0.47 indicates that CBL may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.47, CBL is doing worse than 76.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.47
Quick Ratio 0.47
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

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

3

3. CBL Growth Analysis

3.1 Past

  • CBL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 126.80%, which is quite impressive.
  • The Revenue has grown by 12.18% in the past year. This is quite good.
  • CBL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.09% yearly.
EPS 1Y (TTM)126.8%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26.51%
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

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4

4. CBL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.56, the valuation of CBL can be described as reasonable.
  • 95.87% of the companies in the same industry are more expensive than CBL, based on the Price/Earnings ratio.
  • CBL is valuated cheaply when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.56
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 76.03% of the companies in the same industry.
  • 61.98% of the companies in the same industry are more expensive than CBL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 117.79
EV/EBITDA 11.57
CBL Per share dataCBL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 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

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

5

5. CBL Dividend Analysis

5.1 Amount

  • CBL has a Yearly Dividend Yield of 4.00%. Purely for dividend investing, there may be better candidates out there.
  • CBL's Dividend Yield is slightly below the industry average, which is at 7.43.
  • CBL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4%

5.2 History

  • On average, the dividend of CBL grows each year by 49.03%, which is quite nice.
  • CBL has paid a dividend for at least 10 years, which is a reliable track record.
  • CBL has decreased its dividend in the last 3 years.
Dividend Growth(5Y)49.03%
Div Incr Years2
Div Non Decr Years2
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

  • CBL pays out 57.84% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP57.84%
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

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CBL Fundamentals: All Metrics, Ratios and Statistics

CBL & ASSOCIATES PROPERTIES

NYSE:CBL (4/28/2026, 11:37:29 AM)

45.31

+0.17 (+0.38%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-18
Earnings (Next)05-13
Inst Owners78.3%
Inst Owner Change-0.02%
Ins Owners13.31%
Ins Owner Change22.04%
Market Cap1.40B
Revenue(TTM)578.37M
Net Income(TTM)133.29M
Analysts84
Price Target45.9 (1.3%)
Short Float %3.59%
Short Ratio5.61
Dividend
Industry RankSector Rank
Dividend Yield 4%
Yearly Dividend2.53
Dividend Growth(5Y)49.03%
DP57.84%
Div Incr Years2
Div Non Decr Years2
Ex-Date04-10
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 10.56
Fwd PE N/A
P/S 2.43
P/FCF 117.79
P/OCF 5.62
P/B 3.74
P/tB 6.08
EV/EBITDA 11.57
EPS(TTM)4.29
EY9.47%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.38
FCFY0.85%
OCF(TTM)8.06
OCFY17.79%
SpS18.67
BVpS12.1
TBVpS7.45
PEG (NY)N/A
PEG (5Y)N/A
Graham Number34.1789 (-24.57%)
Profitability
Industry RankSector Rank
ROA 4.88%
ROE 35.55%
ROCE 5.51%
ROIC 4.35%
ROICexc 4.43%
ROICexgc 4.97%
OM 24.17%
PM (TTM) 23.05%
GM 64.67%
FCFM 2.06%
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 Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 5.79
Debt/FCF 182.16
Debt/EBITDA 7.12
Cap/Depr 143.96%
Cap/Sales 41.11%
Interest Coverage 1.03
Cash Conversion 81.88%
Profit Quality 8.94%
Current Ratio 0.47
Quick Ratio 0.47
Altman-Z 0.53
F-Score8
WACC7.25%
ROIC/WACC0.6
Cap/Depr(3y)64.07%
Cap/Depr(5y)44.97%
Cap/Sales(3y)18.71%
Cap/Sales(5y)13.91%
Profit Quality(3y)961.76%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)126.8%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26.51%
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 1Y5.61%
EBIT growth 3Y43.1%
EBIT growth 5Y-1.66%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-92.82%
FCF growth 3Y-58.22%
FCF growth 5Y-31.65%
OCF growth 1Y23.47%
OCF growth 3Y6.24%
OCF growth 5Y13.36%

CBL & ASSOCIATES PROPERTIES / CBL Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to CBL.


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

ChartMill assigns a valuation rating of 4 / 10 to CBL & ASSOCIATES PROPERTIES (CBL). This can be considered as Fairly Valued.


What is the profitability of CBL stock?

CBL & ASSOCIATES PROPERTIES (CBL) has a profitability rating of 6 / 10.


What are the PE and PB ratios of CBL & ASSOCIATES PROPERTIES (CBL) stock?

The Price/Earnings (PE) ratio for CBL & ASSOCIATES PROPERTIES (CBL) is 10.56 and the Price/Book (PB) ratio is 3.74.