COUSINS PROPERTIES INC (CUZ)
US2227955026 - REIT
Overall CUZ gets a fundamental rating of 4 out of 10. We evaluated CUZ against 126 industry peers in the Diversified REITs industry. There are concerns on the financial health of CUZ while its profitability can be described as average. CUZ is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CUZ had positive earnings in the past year.
In the past year CUZ had a positive cash flow from operations.
Each year in the past 5 years CUZ has been profitable.
CUZ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CUZ has a Return On Assets (1.09%) which is comparable to the rest of the industry.
CUZ's Return On Equity of 1.83% is in line compared to the rest of the industry. CUZ outperforms 53.66% of its industry peers.
CUZ has a worse Return On Invested Capital (2.15%) than 60.16% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CUZ is in line with the industry average of 2.95%.
The last Return On Invested Capital (2.15%) for CUZ is above the 3 year average (2.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.09% | ||
| ROE | 1.83% | ||
| ROIC | 2.15% |
ROA(3y)2.37%
ROA(5y)2.51%
ROE(3y)3.85%
ROE(5y)4.06%
ROIC(3y)2.02%
ROIC(5y)1.93%
1.3 Margins
CUZ's Profit Margin of 10.33% is fine compared to the rest of the industry. CUZ outperforms 60.16% of its industry peers.
CUZ's Profit Margin has declined in the last couple of years.
CUZ's Operating Margin of 23.23% is in line compared to the rest of the industry. CUZ outperforms 56.10% of its industry peers.
In the last couple of years the Operating Margin of CUZ has remained more or less at the same level.
CUZ has a Gross Margin of 66.55%. This is comparable to the rest of the industry: CUZ outperforms 46.34% of its industry peers.
CUZ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.23% | ||
| PM (TTM) | 10.33% | ||
| GM | 66.55% |
OM growth 3Y0.34%
OM growth 5Y1.45%
PM growth 3Y-31.43%
PM growth 5Y-9.12%
GM growth 3Y0.36%
GM growth 5Y0.4%
2. Health
2.1 Basic Checks
CUZ has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CUZ has more shares outstanding than it did 1 year ago.
CUZ has more shares outstanding than it did 5 years ago.
CUZ has a worse debt/assets ratio than last year.
2.2 Solvency
CUZ has an Altman-Z score of 0.57. This is a bad value and indicates that CUZ is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.57, CUZ is in line with its industry, outperforming 51.22% of the companies in the same industry.
CUZ has a debt to FCF ratio of 27.66. This is a negative value and a sign of low solvency as CUZ would need 27.66 years to pay back of all of its debts.
CUZ's Debt to FCF ratio of 27.66 is in line compared to the rest of the industry. CUZ outperforms 56.91% of its industry peers.
A Debt/Equity ratio of 0.45 indicates that CUZ is not too dependend on debt financing.
CUZ has a Debt to Equity ratio of 0.45. This is amongst the best in the industry. CUZ outperforms 92.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 27.66 | ||
| Altman-Z | 0.57 |
ROIC/WACC0.29
WACC7.31%
2.3 Liquidity
A Current Ratio of 0.30 indicates that CUZ may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.30, CUZ is doing worse than 92.68% of the companies in the same industry.
CUZ has a Quick Ratio of 0.30. This is a bad value and indicates that CUZ is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.30, CUZ is not doing good in the industry: 91.87% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
The earnings per share for CUZ have decreased strongly by -50.45% in the last year.
CUZ shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.26% yearly.
Looking at the last year, CUZ shows a small growth in Revenue. The Revenue has grown by 5.32% in the last year.
Measured over the past years, CUZ shows a quite strong growth in Revenue. The Revenue has been growing by 11.06% on average per year.
EPS 1Y (TTM)-50.45%
EPS 3Y-10.61%
EPS 5Y-6.26%
EPS growth Q2Q-25%
Revenue 1Y (TTM)5.32%
Revenue growth 3Y2.74%
Revenue growth 5Y11.06%
Revenue growth Q2Q1.25%
3.2 Future
CUZ is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.08% yearly.
The Revenue is expected to grow by 2.87% on average over the next years.
EPS Next Y-10.48%
EPS Next 2Y0.95%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue Next Year0.48%
Revenue Next 2Y1.48%
Revenue Next 3Y2.87%
Revenue Next 5YN/A
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.
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
CUZ is valuated quite expensively with a Price/Earnings ratio of 41.89.
Compared to the rest of the industry, the Price/Earnings ratio of CUZ is on the same level as its industry peers.
When comparing the Price/Earnings ratio of CUZ to the average of the S&P500 Index (25.20), we can say CUZ is valued expensively.
With a Price/Forward Earnings ratio of 46.79, CUZ can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CUZ is on the same level as its industry peers.
CUZ's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.89 | ||
| Fwd PE | 46.79 |
4.2 Price Multiples
74.80% of the companies in the same industry are more expensive than CUZ, based on the Enterprise Value to EBITDA ratio.
CUZ's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.44 | ||
| EV/EBITDA | 11.9 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.95%
EPS Next 3Y6.08%
5. Dividend
5.1 Amount
CUZ has a Yearly Dividend Yield of 5.54%, which is a nice return.
CUZ's Dividend Yield is comparable with the industry average which is at 6.12.
Compared to an average S&P500 Dividend Yield of 2.44, CUZ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
5.2 History
The dividend of CUZ has a limited annual growth rate of 4.66%.
CUZ has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CUZ decreased in the last 3 years.
Dividend Growth(5Y)4.66%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
CUZ pays out 234.26% of its income as dividend. This is not a sustainable payout ratio.
CUZ's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP234.26%
EPS Next 2Y0.95%
EPS Next 3Y6.08%
COUSINS PROPERTIES INC
NYSE:CUZ (4/25/2024, 7:04:00 PM)
After market: 23.04 0 (0%)23.04
-0.08 (-0.35%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.50B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.89 | ||
| Fwd PE | 46.79 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.09% | ||
| ROE | 1.83% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 23.23% | ||
| PM (TTM) | 10.33% | ||
| GM | 66.55% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-50.45%
EPS 3Y-10.61%
EPS 5Y
EPS growth Q2Q
EPS Next Y-10.48%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.32%
Revenue growth 3Y2.74%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y