CAMDEN PROPERTY TRUST (CPT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CPT - US1331311027 - REIT
109.26 USD
+0.69 (+0.64%)
109.26 USD
0 (0%)
CPT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. There are concerns on the financial health of CPT while its profitability can be described as average. CPT does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year CPT was profitable.
CPT had a positive operating cash flow in the past year.
Each year in the past 5 years CPT has been profitable.
CPT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.97%, CPT is in line with its industry, outperforming 55.00% of the companies in the same industry.
With a Return On Equity value of 5.92%, CPT perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
With a Return On Invested Capital value of 2.64%, CPT perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CPT is in line with the industry average of 2.59%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 5.92% | ||
| ROIC | 2.64% |
ROA(3y)4.38%
ROA(5y)3.73%
ROE(3y)8.22%
ROE(5y)7.1%
ROIC(3y)2.74%
ROIC(5y)2.62%
1.3 Margins
CPT's Profit Margin of 17.11% is in line compared to the rest of the industry. CPT outperforms 50.00% of its industry peers.
In the last couple of years the Profit Margin of CPT has declined.
The Operating Margin of CPT (18.25%) is comparable to the rest of the industry.
CPT's Operating Margin has declined in the last couple of years.
The Gross Margin of CPT (61.28%) is better than 75.00% of its industry peers.
In the last couple of years the Gross Margin of CPT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.25% | ||
| PM (TTM) | 17.11% | ||
| GM | 61.28% |
OM growth 3Y-0.89%
OM growth 5Y-4.58%
PM growth 3Y-26.44%
PM growth 5Y-13.1%
GM growth 3Y0.19%
GM growth 5Y-0.06%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CPT is destroying value.
The number of shares outstanding for CPT has been reduced compared to 1 year ago.
Compared to 5 years ago, CPT has more shares outstanding
CPT has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.61, we must say that CPT is in the distress zone and has some risk of bankruptcy.
CPT's Altman-Z score of 1.61 is fine compared to the rest of the industry. CPT outperforms 75.00% of its industry peers.
CPT has a debt to FCF ratio of 9.72. This is a negative value and a sign of low solvency as CPT would need 9.72 years to pay back of all of its debts.
CPT's Debt to FCF ratio of 9.72 is amongst the best of the industry. CPT outperforms 95.00% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that CPT is somewhat dependend on debt financing.
CPT has a better Debt to Equity ratio (0.82) than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 9.72 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.36
WACC7.38%
2.3 Liquidity
CPT has a Current Ratio of 0.07. This is a bad value and indicates that CPT is not financially healthy enough and could expect problems in meeting its short term obligations.
CPT has a worse Current ratio (0.07) than 80.00% of its industry peers.
A Quick Ratio of 0.07 indicates that CPT may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.07, CPT is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
CPT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -42.37%.
The Earnings Per Share has been growing slightly by 0.43% on average over the past years.
CPT shows a small growth in Revenue. In the last year, the Revenue has grown by 1.55%.
The Revenue has been growing by 8.46% on average over the past years. This is quite good.
EPS 1Y (TTM)-42.37%
EPS 3Y13.97%
EPS 5Y0.43%
EPS Q2Q%194.12%
Revenue 1Y (TTM)1.55%
Revenue growth 3Y10.52%
Revenue growth 5Y8.46%
Sales Q2Q%2.18%
3.2 Future
The Earnings Per Share is expected to decrease by -4.95% on average over the next years.
CPT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.51% yearly.
EPS Next Y32.16%
EPS Next 2Y-18.68%
EPS Next 3Y-4.95%
EPS Next 5YN/A
Revenue Next Year2.12%
Revenue Next 2Y1.94%
Revenue Next 3Y2.64%
Revenue Next 5Y4.51%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
CPT is valuated quite expensively with a Price/Earnings ratio of 53.56.
CPT's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of CPT to the average of the S&P500 Index (26.92), we can say CPT is valued expensively.
With a Price/Forward Earnings ratio of 87.88, CPT can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CPT is on the same level as its industry peers.
CPT is valuated expensively when we compare the Price/Forward Earnings ratio to 23.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.56 | ||
| Fwd PE | 87.88 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CPT indicates a somewhat cheap valuation: CPT is cheaper than 75.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CPT indicates a rather cheap valuation: CPT is cheaper than 85.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.22 | ||
| EV/EBITDA | 17.18 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A cheap valuation may be justified as CPT's earnings are expected to decrease with -4.95% in the coming years.
PEG (NY)1.67
PEG (5Y)124.25
EPS Next 2Y-18.68%
EPS Next 3Y-4.95%
5. Dividend
5.1 Amount
CPT has a Yearly Dividend Yield of 3.87%. Purely for dividend investing, there may be better candidates out there.
CPT's Dividend Yield is slightly below the industry average, which is at 11.48.
CPT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
5.2 History
The dividend of CPT has a limited annual growth rate of 4.99%.
CPT has paid a dividend for at least 10 years, which is a reliable track record.
CPT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.99%
Div Incr Years7
Div Non Decr Years14
5.3 Sustainability
170.91% of the earnings are spent on dividend by CPT. This is not a sustainable payout ratio.
The Dividend Rate of CPT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP170.91%
EPS Next 2Y-18.68%
EPS Next 3Y-4.95%
109.26
+0.69 (+0.64%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.14%
Inst Owner Change2.23%
Ins Owners1.25%
Ins Owner Change-0.14%
Market Cap11.63B
Revenue(TTM)1.57B
Net Income(TTM)268.55M
Analysts72.67
Price Target118.25 (8.23%)
Short Float %2.74%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
Yearly Dividend4.15
Dividend Growth(5Y)4.99%
DP170.91%
Div Incr Years7
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)121.26%
Min EPS beat(2)-0.59%
Max EPS beat(2)243.11%
EPS beat(4)2
Avg EPS beat(4)58.98%
Min EPS beat(4)-12.31%
Max EPS beat(4)243.11%
EPS beat(8)4
Avg EPS beat(8)90.86%
EPS beat(12)8
Avg EPS beat(12)76.46%
EPS beat(16)9
Avg EPS beat(16)99.25%
Revenue beat(2)0
Avg Revenue beat(2)-1.09%
Min Revenue beat(2)-1.74%
Max Revenue beat(2)-0.45%
Revenue beat(4)0
Avg Revenue beat(4)-0.97%
Min Revenue beat(4)-1.74%
Max Revenue beat(4)-0.45%
Revenue beat(8)0
Avg Revenue beat(8)-1.04%
Revenue beat(12)0
Avg Revenue beat(12)-0.97%
Revenue beat(16)2
Avg Revenue beat(16)5.1%
PT rev (1m)-1.2%
PT rev (3m)-5.95%
EPS NQ rev (1m)3.32%
EPS NQ rev (3m)10.94%
EPS NY rev (1m)47.18%
EPS NY rev (3m)62.3%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)-0.88%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.56 | ||
| Fwd PE | 87.88 | ||
| P/S | 7.41 | ||
| P/FCF | 30.22 | ||
| P/OCF | 14.86 | ||
| P/B | 2.56 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | 17.18 |
EPS(TTM)2.04
EY1.87%
EPS(NY)1.24
Fwd EY1.14%
FCF(TTM)3.62
FCFY3.31%
OCF(TTM)7.35
OCFY6.73%
SpS14.75
BVpS42.63
TBVpS42.63
PEG (NY)1.67
PEG (5Y)124.25
Graham Number44.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 5.92% | ||
| ROCE | 3.34% | ||
| ROIC | 2.64% | ||
| ROICexc | 2.65% | ||
| ROICexgc | 2.73% | ||
| OM | 18.25% | ||
| PM (TTM) | 17.11% | ||
| GM | 61.28% | ||
| FCFM | 24.51% |
ROA(3y)4.38%
ROA(5y)3.73%
ROE(3y)8.22%
ROE(5y)7.1%
ROIC(3y)2.74%
ROIC(5y)2.62%
ROICexc(3y)2.77%
ROICexc(5y)2.72%
ROICexgc(3y)2.85%
ROICexgc(5y)2.8%
ROCE(3y)3.46%
ROCE(5y)3.32%
ROICexgc growth 3Y0.86%
ROICexgc growth 5Y-2.21%
ROICexc growth 3Y1.1%
ROICexc growth 5Y-2.02%
OM growth 3Y-0.89%
OM growth 5Y-4.58%
PM growth 3Y-26.44%
PM growth 5Y-13.1%
GM growth 3Y0.19%
GM growth 5Y-0.06%
F-Score5
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 9.72 | ||
| Debt/EBITDA | 4.19 | ||
| Cap/Depr | 65.56% | ||
| Cap/Sales | 25.33% | ||
| Interest Coverage | 2.06 | ||
| Cash Conversion | 87.62% | ||
| Profit Quality | 143.24% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 1.61 |
F-Score5
WACC7.38%
ROIC/WACC0.36
Cap/Depr(3y)72.34%
Cap/Depr(5y)87.06%
Cap/Sales(3y)27.91%
Cap/Sales(5y)32.43%
Profit Quality(3y)124.82%
Profit Quality(5y)99.59%
High Growth Momentum
Growth
EPS 1Y (TTM)-42.37%
EPS 3Y13.97%
EPS 5Y0.43%
EPS Q2Q%194.12%
EPS Next Y32.16%
EPS Next 2Y-18.68%
EPS Next 3Y-4.95%
EPS Next 5YN/A
Revenue 1Y (TTM)1.55%
Revenue growth 3Y10.52%
Revenue growth 5Y8.46%
Sales Q2Q%2.18%
Revenue Next Year2.12%
Revenue Next 2Y1.94%
Revenue Next 3Y2.64%
Revenue Next 5Y4.51%
EBIT growth 1Y-5.72%
EBIT growth 3Y9.54%
EBIT growth 5Y3.5%
EBIT Next Year209.22%
EBIT Next 3Y47.78%
EBIT Next 5Y37.45%
FCF growth 1Y3.98%
FCF growth 3Y36.84%
FCF growth 5Y20.83%
OCF growth 1Y1.43%
OCF growth 3Y10.3%
OCF growth 5Y6.88%
CAMDEN PROPERTY TRUST / CPT FAQ
What is the fundamental rating for CPT stock?
ChartMill assigns a fundamental rating of 3 / 10 to CPT.
Can you provide the valuation status for CAMDEN PROPERTY TRUST?
ChartMill assigns a valuation rating of 3 / 10 to CAMDEN PROPERTY TRUST (CPT). This can be considered as Overvalued.
Can you provide the profitability details for CAMDEN PROPERTY TRUST?
CAMDEN PROPERTY TRUST (CPT) has a profitability rating of 4 / 10.
Can you provide the financial health for CPT stock?
The financial health rating of CAMDEN PROPERTY TRUST (CPT) is 3 / 10.
What is the earnings growth outlook for CAMDEN PROPERTY TRUST?
The Earnings per Share (EPS) of CAMDEN PROPERTY TRUST (CPT) is expected to grow by 32.16% in the next year.