COPT DEFENSE PROPERTIES (CDP) Stock Fundamental Analysis
USA - NYSE:CDP - US22002T1088 - REIT
30.45 USD
-0.13 (-0.43%)
30.45 USD
0 (0%)
Taking everything into account, CDP scores 4 out of 10 in our fundamental rating. CDP was compared to 130 industry peers in the Diversified REITs industry. CDP has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, CDP is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
CDP had positive earnings in the past year.
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
The Return On Assets of CDP (3.35%) is better than 79.23% of its industry peers.
Looking at the Return On Equity, with a value of 9.60%, CDP belongs to the top of the industry, outperforming 86.92% of the companies in the same industry.
CDP has a Return On Invested Capital of 4.34%. This is in the better half of the industry: CDP outperforms 79.23% 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 3.05%.
The last Return On Invested Capital (4.34%) for CDP is above the 3 year average (3.83%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 9.6% | ||
| ROIC | 4.34% |
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 19.15%, CDP is in the better half of the industry, outperforming 70.77% 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 (29.72%) is better than 61.54% of its industry peers.
CDP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 58.00%, CDP is doing worse than 70.77% of the companies in the same industry.
CDP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.72% | ||
| PM (TTM) | 19.15% | ||
| GM | 58% |
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.
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.
CDP has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.71, we must say that CDP is in the distress zone and has some risk of bankruptcy.
CDP has a better Altman-Z score (0.71) than 63.85% of its industry peers.
CDP has a Debt/Equity ratio of 1.63. This is a high value indicating a heavy dependency on external financing.
CDP's Debt to Equity ratio of 1.63 is on the low side compared to the rest of the industry. CDP is outperformed by 63.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.71 |
ROIC/WACC0.68
WACC6.34%
2.3 Liquidity
CDP has a Current Ratio of 0.29. This is a bad value and indicates that CDP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CDP (0.29) is worse than 87.69% of its industry peers.
A Quick Ratio of 0.29 indicates that CDP may have some problems paying its short term obligations.
CDP has a Quick ratio of 0.29. This is amonst the worse of the industry: CDP underperforms 86.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 222.60% over the past year.
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.
Looking at the last year, CDP shows a small growth in Revenue. The Revenue has grown by 2.95% in the last year.
CDP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.25% yearly.
EPS 1Y (TTM)222.6%
EPS 3Y21.84%
EPS 5Y-6.38%
EPS Q2Q%9.68%
Revenue 1Y (TTM)2.95%
Revenue growth 3Y4.27%
Revenue growth 5Y4.25%
Sales Q2Q%6.21%
3.2 Future
CDP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.50% yearly.
The Revenue is expected to grow by 4.96% on average over the next years.
EPS Next Y5.52%
EPS Next 2Y3.12%
EPS Next 3Y5.5%
EPS Next 5YN/A
Revenue Next Year9.63%
Revenue Next 2Y7.52%
Revenue Next 3Y5.74%
Revenue Next 5Y4.96%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.79, CDP is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of CDP indicates a somewhat cheap valuation: CDP is cheaper than 80.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of CDP to the average of the S&P500 Index (27.20), we can say CDP is valued inline with the index average.
With a Price/Forward Earnings ratio of 23.28, CDP is valued on the expensive side.
88.46% of the companies in the same industry are more expensive than CDP, based on the Price/Forward Earnings ratio.
CDP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.79 | ||
| Fwd PE | 23.28 |
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)4.31
PEG (5Y)N/A
EPS Next 2Y3.12%
EPS Next 3Y5.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.99%, CDP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.66, CDP is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, CDP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.18%
Div Incr Years2
Div Non Decr Years12
5.3 Sustainability
46.27% of the earnings are spent on dividend by CDP. This is a bit on the high side, but may be sustainable.
CDP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP46.27%
EPS Next 2Y3.12%
EPS Next 3Y5.5%
30.45
-0.13 (-0.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners109.94%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner Change2.44%
Market Cap3.44B
Analysts78.18
Price Target32.81 (7.75%)
Short Float %4.03%
Short Ratio5.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
Yearly Dividend1.17
Dividend Growth(5Y)1.18%
DP46.27%
Div Incr Years2
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.78%
Min EPS beat(2)-7.56%
Max EPS beat(2)-0.01%
EPS beat(4)1
Avg EPS beat(4)-3.73%
Min EPS beat(4)-7.92%
Max EPS beat(4)0.58%
EPS beat(8)1
Avg EPS beat(8)-103.44%
EPS beat(12)3
Avg EPS beat(12)-51.78%
EPS beat(16)4
Avg EPS beat(16)-37.59%
Revenue beat(2)1
Avg Revenue beat(2)-0.16%
Min Revenue beat(2)-5.81%
Max Revenue beat(2)5.5%
Revenue beat(4)2
Avg Revenue beat(4)1.21%
Min Revenue beat(4)-5.81%
Max Revenue beat(4)5.5%
Revenue beat(8)4
Avg Revenue beat(8)2.21%
Revenue beat(12)8
Avg Revenue beat(12)5.77%
Revenue beat(16)12
Avg Revenue beat(16)10.28%
PT rev (1m)0%
PT rev (3m)1.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.02%
EPS NY rev (1m)-2.16%
EPS NY rev (3m)-0.64%
Revenue NQ rev (1m)-0.53%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)-3.94%
Revenue NY rev (3m)0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.79 | ||
| Fwd PE | 23.28 | ||
| P/S | 4.58 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.3 | ||
| P/tB | 2.3 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.28
EY4.2%
EPS(NY)1.31
Fwd EY4.3%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS6.65
BVpS13.26
TBVpS13.26
PEG (NY)4.31
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 9.6% | ||
| ROCE | 5.49% | ||
| ROIC | 4.34% | ||
| ROICexc | 4.36% | ||
| ROICexgc | 4.44% | ||
| OM | 29.72% | ||
| PM (TTM) | 19.15% | ||
| GM | 58% | ||
| 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%
ROICexcg growth 3Y7.88%
ROICexcg 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 Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| 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 | 0.29 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | 0.71 |
F-ScoreN/A
WACC6.34%
ROIC/WACC0.68
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)222.6%
EPS 3Y21.84%
EPS 5Y-6.38%
EPS Q2Q%9.68%
EPS Next Y5.52%
EPS Next 2Y3.12%
EPS Next 3Y5.5%
EPS Next 5YN/A
Revenue 1Y (TTM)2.95%
Revenue growth 3Y4.27%
Revenue growth 5Y4.25%
Sales Q2Q%6.21%
Revenue Next Year9.63%
Revenue Next 2Y7.52%
Revenue Next 3Y5.74%
Revenue Next 5Y4.96%
EBIT growth 1Y10.66%
EBIT growth 3Y8.14%
EBIT growth 5Y7.06%
EBIT Next Year83.72%
EBIT Next 3Y26.44%
EBIT Next 5Y20.44%
FCF growth 1Y208.01%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y19.79%
OCF growth 3Y9.93%
OCF growth 5Y7.68%