COPT DEFENSE PROPERTIES (CDP) Stock Fundamental Analysis
NYSE:CDP - US22002T1088 - REIT
28.57 USD
-0.16 (-0.56%)
28.57 USD
0 (0%)
Overall CDP gets a fundamental rating of 4 out of 10. We evaluated CDP against 129 industry peers in the Diversified REITs industry. There are concerns on the financial health of CDP while its profitability can be described as average. While showing a medium growth rate, CDP is valued expensive at the moment. CDP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CDP had positive earnings in the past year.
Of the past 5 years CDP 4 years were profitable.
CDP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CDP has a Return On Assets of 3.35%. This is in the better half of the industry: CDP outperforms 79.07% of its industry peers.
With an excellent Return On Equity value of 9.60%, CDP belongs to the best of the industry, outperforming 86.82% of the companies in the same industry.
CDP has a better Return On Invested Capital (4.34%) than 79.07% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CDP is in line with the industry average of 3.06%.
The 3 year average ROIC (3.83%) for CDP is below the current ROIC(4.34%), indicating increased profibility in the last year.
| 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
CDP's Profit Margin of 19.15% is fine compared to the rest of the industry. CDP outperforms 70.54% of its industry peers.
In the last couple of years the Profit Margin of CDP has declined.
With a decent Operating Margin value of 29.72%, CDP is doing good in the industry, outperforming 62.02% of the companies in the same industry.
CDP's Operating Margin has improved in the last couple of years.
CDP has a worse Gross Margin (58.00%) than 70.54% of its industry peers.
In the last couple of years the Gross Margin of CDP has grown nicely.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CDP is destroying value.
Compared to 1 year ago, CDP has about the same amount of shares outstanding.
Compared to 5 years ago, CDP has more shares outstanding
Compared to 1 year ago, CDP has an improved debt to assets ratio.
2.2 Solvency
CDP has an Altman-Z score of 0.67. This is a bad value and indicates that CDP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.67, CDP is in the better half of the industry, outperforming 61.24% of the companies in the same industry.
CDP has a Debt/Equity ratio of 1.63. This is a high value indicating a heavy dependency on external financing.
CDP has a Debt to Equity ratio of 1.63. This is in the lower half of the industry: CDP underperforms 64.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.67 |
ROIC/WACC0.68
WACC6.42%
2.3 Liquidity
A Current Ratio of 0.29 indicates that CDP may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.29, CDP is doing worse than 86.82% of the companies in the same industry.
A Quick Ratio of 0.29 indicates that CDP may have some problems paying its short term obligations.
CDP's Quick ratio of 0.29 is on the low side compared to the rest of the industry. CDP is outperformed by 86.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
CDP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 222.60%, which is quite impressive.
CDP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.38% yearly.
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 4.80% on average over the next years.
EPS Next Y5.52%
EPS Next 2Y3.12%
EPS Next 3Y5.5%
EPS Next 5YN/A
Revenue Next Year10.33%
Revenue Next 2Y7.4%
Revenue Next 3Y5.74%
Revenue Next 5Y4.8%
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
CDP is valuated rather expensively with a Price/Earnings ratio of 22.32.
Based on the Price/Earnings ratio, CDP is valued cheaper than 81.40% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.08, CDP is valued at the same level.
A Price/Forward Earnings ratio of 21.84 indicates a rather expensive valuation of CDP.
91.47% of the companies in the same industry are more expensive than CDP, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.67. CDP is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.32 | ||
| Fwd PE | 21.84 |
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)4.05
PEG (5Y)N/A
EPS Next 2Y3.12%
EPS Next 3Y5.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.29%, CDP is a good candidate for dividend investing.
CDP's Dividend Yield is slightly below the industry average, which is at 6.31.
CDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.29% |
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 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%
28.57
-0.16 (-0.56%)
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 Change3.44%
Market Cap3.23B
Analysts78.18
Price Target32.81 (14.84%)
Short Float %4.1%
Short Ratio5.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.29% |
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)-2.53%
EPS NQ rev (1m)-1.98%
EPS NQ rev (3m)3.13%
EPS NY rev (1m)-2.16%
EPS NY rev (3m)-0.64%
Revenue NQ rev (1m)-3.59%
Revenue NQ rev (3m)3.17%
Revenue NY rev (1m)-3.32%
Revenue NY rev (3m)0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.32 | ||
| Fwd PE | 21.84 | ||
| P/S | 4.3 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.15 | ||
| P/tB | 2.15 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.28
EY4.48%
EPS(NY)1.31
Fwd EY4.58%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS6.65
BVpS13.26
TBVpS13.26
PEG (NY)4.05
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 | 0.67 |
F-ScoreN/A
WACC6.42%
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 Year10.33%
Revenue Next 2Y7.4%
Revenue Next 3Y5.74%
Revenue Next 5Y4.8%
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%