CBL & ASSOCIATES PROPERTIES (CBL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CBL - US1248308785 - REIT
37.26 USD
-0.56 (-1.48%)
37.26 USD
0 (0%)
Overall CBL gets a fundamental rating of 3 out of 10. We evaluated CBL 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
In the past year CBL was profitable.
CBL had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 4.49%, CBL belongs to the top of the industry, outperforming 88.98% of the companies in the same industry.
CBL's Return On Equity of 34.90% is amongst the best of the industry. CBL outperforms 95.28% of its industry peers.
The Return On Invested Capital of CBL (4.51%) is better 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 last Return On Invested Capital (4.51%) for CBL is above the 3 year average (3.30%), which is a sign of increasing profitability.
| 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
With a decent Profit Margin value of 22.16%, CBL is doing good in the industry, outperforming 70.08% of the companies in the same industry.
CBL has a Operating Margin of 23.27%. This is comparable to the rest of the industry: CBL outperforms 51.97% of its industry peers.
CBL's Operating Margin has declined in the last couple of years.
The Gross Margin of CBL (64.30%) is worse than 61.42% 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 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
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
The debt/assets ratio for CBL is higher compared to a year ago.
2.2 Solvency
CBL has an Altman-Z score of 0.42. 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 (0.42) is comparable to the rest of the industry.
CBL has a Debt/Equity ratio of 6.21. This is a high value indicating a heavy dependency on external financing.
CBL has a Debt to Equity ratio of 6.21. This is amonst the worse of the industry: CBL underperforms 84.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.21 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.42 |
ROIC/WACC0.58
WACC7.79%
2.3 Liquidity
A Current Ratio of 0.44 indicates that CBL may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.44, CBL is doing worse than 81.89% of the companies in the same industry.
A Quick Ratio of 0.44 indicates that CBL may have some problems paying its short term obligations.
With a Quick ratio value of 0.44, CBL is not doing good in the industry: 81.10% of the companies in the same industry are doing better.
| 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.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.41, which indicates a very decent valuation of CBL.
93.70% of the companies in the same industry are more expensive than CBL, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.92, CBL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.41 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBL is valued a bit cheaper than 75.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.52 |
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 4.86%, which is a nice return.
Compared to an average industry Dividend Yield of 6.83, CBL has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, CBL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.86% |
5.2 History
On average, the dividend of CBL grows each year by 8.62%, which is quite nice.
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
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
37.26
-0.56 (-1.48%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners78.2%
Inst Owner Change0%
Ins Owners11.72%
Ins Owner Change-2.58%
Market Cap1.14B
Revenue(TTM)553.64M
Net Income(TTM)122.67M
Analysts80
Price Target45.9 (23.19%)
Short Float %3.71%
Short Ratio7.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.86% |
Yearly Dividend1.61
Dividend Growth(5Y)8.62%
DP61.69%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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 | 9.41 | ||
| Fwd PE | N/A | ||
| P/S | 2.06 | ||
| P/FCF | N/A | ||
| P/OCF | 5.3 | ||
| P/B | 3.25 | ||
| P/tB | 5.98 | ||
| EV/EBITDA | 11.52 |
EPS(TTM)3.96
EY10.63%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.58
FCFYN/A
OCF(TTM)7.03
OCFY18.87%
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
WACC7.79%
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%.