COPT DEFENSE PROPERTIES (CDP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CDP - US22002T1088 - REIT
30.73 USD
+0.08 (+0.26%)
30.73 USD
0 (0%)
Overall CDP gets a fundamental rating of 4 out of 10. We evaluated CDP against 128 industry peers in the Diversified REITs industry. CDP scores excellent on profitability, but there are concerns on its financial health. While showing a medium growth rate, CDP is valued expensive at the moment. Finally CDP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CDP was profitable.
Of the past 5 years CDP 4 years were profitable.
Each year in the past 5 years CDP had a positive operating cash flow.
1.2 Ratios
CDP has a better Return On Assets (3.43%) than 80.47% of its industry peers.
The Return On Equity of CDP (9.91%) is better than 86.72% of its industry peers.
CDP's Return On Invested Capital of 4.36% is amongst the best of the industry. CDP outperforms 81.25% of its industry peers.
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 3.06%.
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
Looking at the Profit Margin, with a value of 19.91%, CDP is in the better half of the industry, outperforming 71.88% of the companies in the same industry.
In the last couple of years the Profit Margin of CDP has declined.
The Operating Margin of CDP (30.18%) is better than 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.
CDP's Gross Margin has improved in the last couple of years.
| 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
CDP 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, CDP has about the same amount of shares outstanding.
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 0.70, we must say that CDP is in the distress zone and has some risk of bankruptcy.
CDP has a Altman-Z score of 0.70. This is in the better half of the industry: CDP outperforms 60.94% of its industry peers.
CDP has a Debt/Equity ratio of 1.62. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.62, CDP is doing worse than 63.28% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.7 |
ROIC/WACC0.71
WACC6.12%
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.
CDP's Current ratio of 0.25 is on the low side compared to the rest of the industry. CDP is outperformed by 89.06% of its industry peers.
CDP has a Quick 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.
Looking at the Quick ratio, with a value of 0.25, CDP is doing worse than 88.28% of the companies in the same industry.
| 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%.
The Earnings Per Share has been decreasing by -6.38% on average over the past years.
The Revenue has been growing slightly by 0.06% in the past year.
The Revenue has been growing slightly by 4.25% on average over the past years.
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
The Earnings Per Share is expected to grow by 6.47% on average over the next years.
CDP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.96% yearly.
EPS Next Y7.3%
EPS Next 2Y4.9%
EPS Next 3Y6.47%
EPS Next 5YN/A
Revenue Next Year10.33%
Revenue Next 2Y7.85%
Revenue Next 3Y6.34%
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
With a Price/Earnings ratio of 23.64, CDP is valued on the expensive side.
CDP's Price/Earnings ratio is rather cheap when compared to the industry. CDP is cheaper than 80.47% of the companies in the same industry.
CDP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 22.71 indicates a rather expensive valuation of CDP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CDP indicates a rather cheap valuation: CDP is cheaper than 92.19% of the companies listed in the same industry.
CDP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.64 | ||
| Fwd PE | 22.71 |
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.
The decent profitability rating of CDP may justify a higher PE ratio.
PEG (NY)3.24
PEG (5Y)N/A
EPS Next 2Y4.9%
EPS Next 3Y6.47%
5. Dividend
5.1 Amount
CDP has a Yearly Dividend Yield of 4.12%, which is a nice return.
Compared to an average industry Dividend Yield of 6.59, CDP is paying slightly less dividend.
CDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
5.2 History
The dividend of CDP has a limited annual growth rate of 1.18%.
CDP has paid a dividend for at least 10 years, which is 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.
The dividend of CDP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP22.27%
EPS Next 2Y4.9%
EPS Next 3Y6.47%
30.73
+0.08 (+0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.1%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner Change-1.65%
Market Cap3.47B
Revenue(TTM)750.00M
Net Income(TTM)149.32M
Analysts78.33
Price Target33.51 (9.05%)
Short Float %4.54%
Short Ratio6.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
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)2.15%
PT rev (3m)2.15%
EPS NQ rev (1m)-3.57%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)1.69%
Revenue NQ rev (1m)-0.71%
Revenue NQ rev (3m)-0.98%
Revenue NY rev (1m)0.64%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.64 | ||
| Fwd PE | 22.71 | ||
| P/S | 4.63 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.3 | ||
| P/tB | 2.3 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.3
EY4.23%
EPS(NY)1.35
Fwd EY4.4%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS6.64
BVpS13.34
TBVpS13.34
PEG (NY)3.24
PEG (5Y)N/A
Graham Number19.76
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 | 0.7 |
F-ScoreN/A
WACC6.12%
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 Y7.3%
EPS Next 2Y4.9%
EPS Next 3Y6.47%
EPS Next 5YN/A
Revenue 1Y (TTM)0.06%
Revenue growth 3Y4.27%
Revenue growth 5Y4.25%
Sales Q2Q%9.41%
Revenue Next Year10.33%
Revenue Next 2Y7.85%
Revenue Next 3Y6.34%
Revenue Next 5Y4.96%
EBIT growth 1Y8.33%
EBIT growth 3Y8.14%
EBIT growth 5Y7.06%
EBIT Next Year82.9%
EBIT Next 3Y26.66%
EBIT Next 5Y19.97%
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 3 / 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 23.64 and the Price/Book (PB) ratio is 2.3.
Can you provide the financial health for CDP stock?
The financial health rating of COPT DEFENSE PROPERTIES (CDP) is 1 / 10.