COPT DEFENSE PROPERTIES (CDP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CDP - US22002T1088 - REIT
28.65 USD
-0.18 (-0.62%)
28.65 USD
0 (0%)
CDP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. CDP has an excellent profitability rating, but there are concerns on its financial health. CDP is quite expensive at the moment. It does show a decent growth rate. CDP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CDP had positive earnings in the past year.
CDP had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CDP had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.43%, CDP is in the better half of the industry, outperforming 76.56% of the companies in the same industry.
With an excellent Return On Equity value of 9.91%, CDP belongs to the best of the industry, outperforming 83.59% of the companies in the same industry.
With an excellent Return On Invested Capital value of 4.36%, CDP belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
CDP had an Average Return On Invested Capital over the past 3 years of 3.83%. This is in line with the industry average of 3.05%.
The last Return On Invested Capital (4.36%) for CDP is above the 3 year average (3.83%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.43% | ||
| ROE | 9.91% | ||
| ROIC | 4.36% |
ROA(3y)1.85%
ROA(5y)1.94%
ROE(3y)4.83%
ROE(5y)5%
ROIC(3y)3.83%
ROIC(5y)3.63%
1.3 Margins
The Profit Margin of CDP (19.91%) is better than 67.97% of its industry peers.
CDP's Profit Margin has declined in the last couple of years.
CDP has a Operating Margin of 30.18%. This is in the better half of the industry: CDP outperforms 62.50% of its industry peers.
CDP's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 58.91%, CDP is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of CDP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.18% | ||
| PM (TTM) | 19.91% | ||
| GM | 58.91% |
OM growth 3Y3.71%
OM growth 5Y2.69%
PM growth 3Y17.12%
PM growth 5Y-10.08%
GM growth 3Y1.98%
GM growth 5Y1.51%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CDP is destroying value.
CDP has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CDP has been increased compared to 5 years ago.
The debt/assets ratio for CDP has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.66, we must say that CDP is in the distress zone and has some risk of bankruptcy.
CDP has a Altman-Z score (0.66) which is in line with its industry peers.
A Debt/Equity ratio of 1.62 is on the high side and indicates that CDP has dependencies on debt financing.
CDP has a Debt to Equity ratio of 1.62. This is in the lower half of the industry: CDP underperforms 63.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.66 |
ROIC/WACC0.71
WACC6.11%
2.3 Liquidity
CDP has a Current Ratio of 0.25. This is a bad value and indicates that CDP is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.25, CDP is not doing good in the industry: 89.06% of the companies in the same industry are doing better.
A Quick Ratio of 0.25 indicates that CDP may have some problems paying its short term obligations.
CDP has a Quick ratio of 0.25. This is amonst the worse of the industry: CDP underperforms 88.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.25 | ||
| Quick Ratio | 0.25 |
3. Growth
3.1 Past
CDP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.15%.
Measured over the past years, CDP shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.38% on average per year.
The Revenue has been growing slightly by 0.06% in the past year.
Measured over the past years, CDP shows a small growth in Revenue. The Revenue has been growing by 4.25% on average per year.
EPS 1Y (TTM)6.15%
EPS 3Y21.84%
EPS 5Y-6.38%
EPS Q2Q%6.25%
Revenue 1Y (TTM)0.06%
Revenue growth 3Y4.27%
Revenue growth 5Y4.25%
Sales Q2Q%9.41%
3.2 Future
CDP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.13% yearly.
The Revenue is expected to grow by 4.96% on average over the next years.
EPS Next Y9.76%
EPS Next 2Y4.41%
EPS Next 3Y5.13%
EPS Next 5YN/A
Revenue Next Year9.49%
Revenue Next 2Y6.96%
Revenue Next 3Y6.16%
Revenue Next 5Y4.96%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.04 indicates a rather expensive valuation of CDP.
Based on the Price/Earnings ratio, CDP is valued a bit cheaper than the industry average as 77.34% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.38, CDP is valued at the same level.
The Price/Forward Earnings ratio is 21.37, which indicates a rather expensive current valuation of CDP.
Based on the Price/Forward Earnings ratio, CDP is valued cheaper than 91.41% of the companies in the same industry.
CDP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.04 | ||
| Fwd PE | 21.37 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CDP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.26
PEG (5Y)N/A
EPS Next 2Y4.41%
EPS Next 3Y5.13%
5. Dividend
5.1 Amount
CDP has a Yearly Dividend Yield of 4.23%, which is a nice return.
CDP's Dividend Yield is slightly below the industry average, which is at 6.34.
CDP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
5.2 History
The dividend of CDP has a limited annual growth rate of 1.18%.
CDP has been paying a dividend for at least 10 years, so it has a reliable track record.
CDP has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.18%
Div Incr Years2
Div Non Decr Years12
5.3 Sustainability
CDP pays out 22.27% of its income as dividend. This is a sustainable payout ratio.
CDP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP22.27%
EPS Next 2Y4.41%
EPS Next 3Y5.13%
28.65
-0.18 (-0.62%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners111.85%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner Change-1.73%
Market Cap3.24B
Revenue(TTM)750.00M
Net Income(TTM)149.32M
Analysts78.33
Price Target33.15 (15.71%)
Short Float %4.61%
Short Ratio6.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
Yearly Dividend1.17
Dividend Growth(5Y)1.18%
DP22.27%
Div Incr Years2
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.98%
Min EPS beat(2)-1.95%
Max EPS beat(2)-0.01%
EPS beat(4)0
Avg EPS beat(4)-4.36%
Min EPS beat(4)-7.92%
Max EPS beat(4)-0.01%
EPS beat(8)1
Avg EPS beat(8)-3.08%
EPS beat(12)3
Avg EPS beat(12)-51.56%
EPS beat(16)4
Avg EPS beat(16)-37.46%
Revenue beat(2)0
Avg Revenue beat(2)-3.05%
Min Revenue beat(2)-5.81%
Max Revenue beat(2)-0.28%
Revenue beat(4)2
Avg Revenue beat(4)1.22%
Min Revenue beat(4)-5.81%
Max Revenue beat(4)5.5%
Revenue beat(8)3
Avg Revenue beat(8)1.25%
Revenue beat(12)7
Avg Revenue beat(12)3.66%
Revenue beat(16)11
Avg Revenue beat(16)9.47%
PT rev (1m)-0.66%
PT rev (3m)1.04%
EPS NQ rev (1m)4.76%
EPS NQ rev (3m)4.76%
EPS NY rev (1m)2.3%
EPS NY rev (3m)4.02%
Revenue NQ rev (1m)-0.45%
Revenue NQ rev (3m)-1.16%
Revenue NY rev (1m)-0.75%
Revenue NY rev (3m)-0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.04 | ||
| Fwd PE | 21.37 | ||
| P/S | 4.32 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.15 | ||
| P/tB | 2.15 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.3
EY4.54%
EPS(NY)1.34
Fwd EY4.68%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS6.62
BVpS13.31
TBVpS13.31
PEG (NY)2.26
PEG (5Y)N/A
Graham Number19.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.43% | ||
| ROE | 9.91% | ||
| ROCE | 5.52% | ||
| ROIC | 4.36% | ||
| ROICexc | 4.39% | ||
| ROICexgc | 4.46% | ||
| OM | 30.18% | ||
| PM (TTM) | 19.91% | ||
| GM | 58.91% | ||
| FCFM | N/A |
ROA(3y)1.85%
ROA(5y)1.94%
ROE(3y)4.83%
ROE(5y)5%
ROIC(3y)3.83%
ROIC(5y)3.63%
ROICexc(3y)3.9%
ROICexc(5y)3.67%
ROICexgc(3y)3.97%
ROICexgc(5y)3.75%
ROCE(3y)4.85%
ROCE(5y)4.59%
ROICexgc growth 3Y7.88%
ROICexgc growth 5Y4.93%
ROICexc growth 3Y8.15%
ROICexc growth 5Y5.04%
OM growth 3Y3.71%
OM growth 5Y2.69%
PM growth 3Y17.12%
PM growth 5Y-10.08%
GM growth 3Y1.98%
GM growth 5Y1.51%
F-ScoreN/A
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.25 | ||
| Quick Ratio | 0.25 | ||
| Altman-Z | 0.66 |
F-ScoreN/A
WACC6.11%
ROIC/WACC0.71
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)44.53%
Cap/Sales(5y)50.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.15%
EPS 3Y21.84%
EPS 5Y-6.38%
EPS Q2Q%6.25%
EPS Next Y9.76%
EPS Next 2Y4.41%
EPS Next 3Y5.13%
EPS Next 5YN/A
Revenue 1Y (TTM)0.06%
Revenue growth 3Y4.27%
Revenue growth 5Y4.25%
Sales Q2Q%9.41%
Revenue Next Year9.49%
Revenue Next 2Y6.96%
Revenue Next 3Y6.16%
Revenue Next 5Y4.96%
EBIT growth 1Y8.33%
EBIT growth 3Y8.14%
EBIT growth 5Y7.06%
EBIT Next Year83.6%
EBIT Next 3Y26.39%
EBIT Next 5Y19.3%
FCF growth 1Y208.01%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y19.79%
OCF growth 3Y9.93%
OCF growth 5Y7.68%
COPT DEFENSE PROPERTIES / CDP FAQ
What is the fundamental rating for CDP stock?
ChartMill assigns a fundamental rating of 4 / 10 to CDP.
What is the valuation status of COPT DEFENSE PROPERTIES (CDP) stock?
ChartMill assigns a valuation rating of 2 / 10 to COPT DEFENSE PROPERTIES (CDP). This can be considered as Overvalued.
Can you provide the profitability details for COPT DEFENSE PROPERTIES?
COPT DEFENSE PROPERTIES (CDP) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for CDP stock?
The Price/Earnings (PE) ratio for COPT DEFENSE PROPERTIES (CDP) is 22.04 and the Price/Book (PB) ratio is 2.15.
Can you provide the financial health for CDP stock?
The financial health rating of COPT DEFENSE PROPERTIES (CDP) is 1 / 10.