CULLEN/FROST BANKERS INC (CFR) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:CFR • US2298991090

137.82 USD
-0.95 (-0.68%)
At close: Jan 30, 2026
137.82 USD
0 (0%)
After Hours: 1/30/2026, 8:04:00 PM
Fundamental Rating

2

Overall CFR gets a fundamental rating of 2 out of 10. We evaluated CFR against 383 industry peers in the Banks industry. CFR may be in some trouble as it scores bad on both profitability and health. CFR has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • CFR had positive earnings in the past year.
  • CFR had a positive operating cash flow in the past year.
  • CFR had positive earnings in 4 of the past 5 years.
  • CFR had a positive operating cash flow in 4 of the past 5 years.
CFR Yearly Net Income VS EBIT VS OCF VS FCFCFR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

  • CFR has a Return On Assets of 1.19%. This is in the better half of the industry: CFR outperforms 75.46% of its industry peers.
  • CFR has a Return On Equity of 14.00%. This is amongst the best in the industry. CFR outperforms 91.38% of its industry peers.
Industry RankSector Rank
ROA 1.19%
ROE 14%
ROIC N/A
ROA(3y)1.1%
ROA(5y)0.98%
ROE(3y)16.15%
ROE(5y)13.13%
ROIC(3y)N/A
ROIC(5y)N/A
CFR Yearly ROA, ROE, ROICCFR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 28.50%, CFR is doing good in the industry, outperforming 72.06% of the companies in the same industry.
  • CFR's Profit Margin has declined in the last couple of years.
  • CFR does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 28.5%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-4.3%
PM growth 5Y-2.65%
GM growth 3YN/A
GM growth 5YN/A
CFR Yearly Profit, Operating, Gross MarginsCFR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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0

2. Health

2.1 Basic Checks

  • CFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for CFR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
CFR Yearly Shares OutstandingCFR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
CFR Yearly Total Debt VS Total AssetsCFR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

  • CFR has a debt to FCF ratio of 305.69. This is a negative value and a sign of low solvency as CFR would need 305.69 years to pay back of all of its debts.
  • The Debt to FCF ratio of CFR (305.69) is worse than 86.42% of its industry peers.
  • A Debt/Equity ratio of 1.08 is on the high side and indicates that CFR has dependencies on debt financing.
  • CFR has a Debt to Equity ratio of 1.08. This is amonst the worse of the industry: CFR underperforms 84.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.08
Debt/FCF 305.69
Altman-Z N/A
ROIC/WACCN/A
WACC10.98%
CFR Yearly LT Debt VS Equity VS FCFCFR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CFR Yearly Current Assets VS Current LiabilitesCFR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 11.95% over the past year.
  • CFR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.26% yearly.
EPS 1Y (TTM)11.95%
EPS 3Y4.07%
EPS 5Y14.26%
EPS Q2Q%8.9%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%8.41%

3.2 Future

  • Based on estimates for the next years, CFR will show a small growth in Earnings Per Share. The EPS will grow by 3.98% on average per year.
  • The Revenue is expected to grow by 2.89% on average over the next years.
EPS Next Y-0.07%
EPS Next 2Y1.18%
EPS Next 3Y0.1%
EPS Next 5Y3.98%
Revenue Next Year4.38%
Revenue Next 2Y4.46%
Revenue Next 3Y1.82%
Revenue Next 5Y2.89%

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 decreasing.
CFR Yearly Revenue VS EstimatesCFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
CFR Yearly EPS VS EstimatesCFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.88, the valuation of CFR can be described as correct.
  • Based on the Price/Earnings ratio, CFR is valued a bit more expensive than the industry average as 61.36% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 28.32, CFR is valued rather cheaply.
  • A Price/Forward Earnings ratio of 13.89 indicates a correct valuation of CFR.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CFR indicates a slightly more expensive valuation: CFR is more expensive than 70.50% of the companies listed in the same industry.
  • CFR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.88
Fwd PE 13.89
CFR Price Earnings VS Forward Price EarningsCFR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, CFR is valued more expensive than 84.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 559.04
EV/EBITDA N/A
CFR Per share dataCFR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.97
EPS Next 2Y1.18%
EPS Next 3Y0.1%

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6

5. Dividend

5.1 Amount

  • CFR has a Yearly Dividend Yield of 2.88%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.67, CFR has a dividend in line with its industry peers.
  • CFR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 2.88%

5.2 History

  • The dividend of CFR has a limited annual growth rate of 5.72%.
  • CFR has been paying a dividend for at least 10 years, so it has a reliable track record.
  • CFR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.72%
Div Incr Years31
Div Non Decr Years31
CFR Yearly Dividends per shareCFR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • CFR pays out 41.55% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • CFR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP41.55%
EPS Next 2Y1.18%
EPS Next 3Y0.1%
CFR Yearly Income VS Free CF VS DividendCFR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
CFR Dividend Payout.CFR Dividend Payout, showing the Payout Ratio.CFR Dividend Payout.PayoutRetained Earnings

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CULLEN/FROST BANKERS INC / CFR FAQ

What is the ChartMill fundamental rating of CULLEN/FROST BANKERS INC (CFR) stock?

ChartMill assigns a fundamental rating of 2 / 10 to CFR.


What is the valuation status for CFR stock?

ChartMill assigns a valuation rating of 2 / 10 to CULLEN/FROST BANKERS INC (CFR). This can be considered as Overvalued.


What is the profitability of CFR stock?

CULLEN/FROST BANKERS INC (CFR) has a profitability rating of 3 / 10.


What is the financial health of CULLEN/FROST BANKERS INC (CFR) stock?

The financial health rating of CULLEN/FROST BANKERS INC (CFR) is 0 / 10.


How sustainable is the dividend of CULLEN/FROST BANKERS INC (CFR) stock?

The dividend rating of CULLEN/FROST BANKERS INC (CFR) is 6 / 10 and the dividend payout ratio is 41.55%.