COUSINS PROPERTIES INC (CUZ)
US2227955026 - REIT
Overall CUZ gets a fundamental rating of 3 out of 10. We evaluated CUZ against 130 industry peers in the Diversified REITs industry. While CUZ is still in line with the averages on profitability rating, there are concerns on its financial health. CUZ does not seem to be growing, but still is valued expensively.
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.
In the past 5 years CUZ has always been profitable.
In the past 5 years CUZ always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CUZ (0.77%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 1.33%, CUZ is in line with its industry, outperforming 51.97% of the companies in the same industry.
CUZ has a worse Return On Invested Capital (1.82%) than 72.44% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CUZ is in line with the industry average of 3.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 1.33% | ||
| ROIC | 1.82% |
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 has a Profit Margin (7.25%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CUZ has declined.
Looking at the Operating Margin, with a value of 20.86%, CUZ is in line with its industry, outperforming 47.24% of the companies in the same industry.
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 (66.70%) which is comparable to the rest of the industry.
CUZ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.86% | ||
| PM (TTM) | 7.25% | ||
| GM | 66.7% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CUZ is destroying value.
CUZ has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CUZ has been increased compared to 5 years ago.
The debt/assets ratio for CUZ is higher compared to a year ago.
2.2 Solvency
CUZ has an Altman-Z score of 0.81. This is a bad value and indicates that CUZ is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of CUZ (0.81) is better than 60.63% of its industry peers.
The Debt to FCF ratio of CUZ is 49.65, which is on the high side as it means it would take CUZ, 49.65 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 49.65, CUZ is in line with its industry, outperforming 55.91% of the companies in the same industry.
CUZ has a Debt/Equity ratio of 0.58. This is a neutral value indicating CUZ is somewhat dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.58, CUZ belongs to the best of the industry, outperforming 84.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 49.65 | ||
| Altman-Z | 0.81 |
ROIC/WACC0.26
WACC6.89%
2.3 Liquidity
CUZ has a Current Ratio of 0.90. This is a bad value and indicates that CUZ is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.90, CUZ is doing worse than 66.14% of the companies in the same industry.
CUZ has a Quick Ratio of 0.90. This is a bad value and indicates that CUZ is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CUZ (0.90) is worse than 66.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
CUZ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -60.61%.
Measured over the past years, CUZ shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.26% on average per year.
The Revenue has been growing slightly by 2.67% in the past year.
CUZ shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.06% yearly.
EPS 1Y (TTM)-60.61%
EPS 3Y-10.61%
EPS 5Y-6.26%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)2.67%
Revenue growth 3Y2.74%
Revenue growth 5Y11.06%
Sales Q2Q%3.69%
3.2 Future
CUZ is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -15.81% yearly.
CUZ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.25% yearly.
EPS Next Y-49.19%
EPS Next 2Y-37.41%
EPS Next 3Y-15.81%
EPS Next 5YN/A
Revenue Next Year5.33%
Revenue Next 2Y3.61%
Revenue Next 3Y3.85%
Revenue Next 5Y3.25%
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
With a Price/Earnings ratio of 79.05, CUZ can be considered very expensive at the moment.
CUZ's Price/Earnings ratio is in line with the industry average.
CUZ's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 31.61.
The Price/Forward Earnings ratio is 143.09, which means the current valuation is very expensive for CUZ.
The rest of the industry has a similar Price/Forward Earnings ratio as CUZ.
CUZ is valuated expensively when we compare the Price/Forward Earnings ratio to 22.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 79.05 | ||
| Fwd PE | 143.09 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CUZ is valued a bit cheaper than the industry average as 61.42% of the companies are valued more expensively.
CUZ's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 90.04 | ||
| EV/EBITDA | 14.05 |
4.3 Compensation for Growth
A cheap valuation may be justified as CUZ's earnings are expected to decrease with -15.81% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-37.41%
EPS Next 3Y-15.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.36%, CUZ is a good candidate for dividend investing.
CUZ's Dividend Yield is comparable with the industry average which is at 5.89.
CUZ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
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 329.19% of its income as dividend. This is not a sustainable payout ratio.
CUZ's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP329.19%
EPS Next 2Y-37.41%
EPS Next 3Y-15.81%
COUSINS PROPERTIES INC
NYSE:CUZ (10/15/2024, 8:22:14 PM)
After market: 30.83 0 (0%)30.83
+0.58 (+1.92%)
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
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Ins Owner Change
Market Cap4.69B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 79.05 | ||
| Fwd PE | 143.09 | ||
| 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 | 0.77% | ||
| ROE | 1.33% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 20.86% | ||
| PM (TTM) | 7.25% | ||
| GM | 66.7% | ||
| 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 | 0.58 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-60.61%
EPS 3Y-10.61%
EPS 5Y
EPS Q2Q%
EPS Next Y-49.19%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.67%
Revenue growth 3Y2.74%
Revenue growth 5Y
Sales 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
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FCF growth 3Y
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OCF growth 3Y
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