COUSINS PROPERTIES INC (CUZ) Stock Fundamental Analysis
NYSE:CUZ - US2227955026 - REIT
29.47 USD
+0.26 (+0.89%)
29.47 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to CUZ. CUZ was compared to 129 industry peers in the Diversified REITs industry. Both the profitability and the financial health of CUZ get a neutral evaluation. Nothing too spectacular is happening here. 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.
In the past 5 years CUZ always reported a positive cash flow from operatings.
1.2 Ratios
CUZ has a Return On Assets of 0.67%. This is comparable to the rest of the industry: CUZ outperforms 51.16% of its industry peers.
CUZ has a Return On Equity (1.26%) which is comparable to the rest of the industry.
The Return On Invested Capital of CUZ (1.88%) is worse than 66.67% 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 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 1.26% | ||
| ROIC | 1.88% |
ROA(3y)1.27%
ROA(5y)2.19%
ROE(3y)2.13%
ROE(5y)3.56%
ROIC(3y)1.96%
ROIC(5y)1.98%
1.3 Margins
With a Profit Margin value of 6.51%, CUZ perfoms like the industry average, outperforming 55.04% of the companies in the same industry.
CUZ's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 22.39%, CUZ perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
CUZ's Operating Margin has been stable in the last couple of years.
CUZ has a Gross Margin (68.44%) which is in line with its industry peers.
In the last couple of years the Gross Margin of CUZ has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.39% | ||
| PM (TTM) | 6.51% | ||
| GM | 68.44% |
OM growth 3Y-4.46%
OM growth 5Y-0.64%
PM growth 3Y-47.42%
PM growth 5Y-25.18%
GM growth 3Y0.83%
GM growth 5Y0.28%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CUZ is destroying value.
The number of shares outstanding for CUZ has been increased compared to 1 year ago.
Compared to 5 years ago, CUZ has more shares outstanding
CUZ has a worse debt/assets ratio than last year.
2.2 Solvency
CUZ has an Altman-Z score of 0.71. This is a bad value and indicates that CUZ is not financially healthy and even has some risk of bankruptcy.
CUZ's Altman-Z score of 0.71 is fine compared to the rest of the industry. CUZ outperforms 62.02% of its industry peers.
CUZ has a Debt/Equity ratio of 0.73. This is a neutral value indicating CUZ is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.73, CUZ is in the better half of the industry, outperforming 75.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.71 |
ROIC/WACC0.28
WACC6.7%
2.3 Liquidity
CUZ has a Current Ratio of 2.11. This indicates that CUZ is financially healthy and has no problem in meeting its short term obligations.
CUZ has a better Current ratio (2.11) than 82.95% of its industry peers.
A Quick Ratio of 2.11 indicates that CUZ has no problem at all paying its short term obligations.
CUZ has a better Quick ratio (2.11) than 82.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.11 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
CUZ shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.13%.
The earnings per share for CUZ have been decreasing by -23.78% on average. This is quite bad
CUZ shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.07%.
Measured over the past years, CUZ shows a small growth in Revenue. The Revenue has been growing by 5.44% on average per year.
EPS 1Y (TTM)-5.13%
EPS 3Y-45.66%
EPS 5Y-23.78%
EPS Q2Q%80%
Revenue 1Y (TTM)13.07%
Revenue growth 3Y4.3%
Revenue growth 5Y5.44%
Sales Q2Q%12.41%
3.2 Future
Based on estimates for the next years, CUZ will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.85% on average per year.
The Revenue is expected to grow by 3.35% on average over the next years.
EPS Next Y1%
EPS Next 2Y3.25%
EPS Next 3Y14.85%
EPS Next 5YN/A
Revenue Next Year13.96%
Revenue Next 2Y8.53%
Revenue Next 3Y8.08%
Revenue Next 5Y3.35%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 79.65 indicates a quite expensive valuation of CUZ.
CUZ's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of CUZ to the average of the S&P500 Index (27.06), we can say CUZ is valued expensively.
Based on the Price/Forward Earnings ratio of 92.14, the valuation of CUZ can be described as expensive.
CUZ's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.69. CUZ is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 79.65 | ||
| Fwd PE | 92.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CUZ is valued a bit cheaper than 65.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.5 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CUZ does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as CUZ's earnings are expected to grow with 14.85% in the coming years.
PEG (NY)79.65
PEG (5Y)N/A
EPS Next 2Y3.25%
EPS Next 3Y14.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.38%, CUZ is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.60, CUZ has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, CUZ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.38% |
5.2 History
The dividend of CUZ has a limited annual growth rate of 1.52%.
CUZ has been paying a dividend for at least 10 years, so it has a reliable track record.
CUZ has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.52%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
CUZ pays out 341.57% 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.
DP341.57%
EPS Next 2Y3.25%
EPS Next 3Y14.85%
29.47
+0.26 (+0.89%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners106.26%
Inst Owner Change2.54%
Ins Owners0.73%
Ins Owner Change0.62%
Market Cap4.95B
Analysts80
Price Target33.32 (13.06%)
Short Float %4.51%
Short Ratio4.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.38% |
Yearly Dividend1.22
Dividend Growth(5Y)1.52%
DP341.57%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)10.55%
Min EPS beat(2)-6.2%
Max EPS beat(2)27.3%
EPS beat(4)2
Avg EPS beat(4)5.27%
Min EPS beat(4)-10.89%
Max EPS beat(4)27.3%
EPS beat(8)3
Avg EPS beat(8)-5.63%
EPS beat(12)5
Avg EPS beat(12)9.22%
EPS beat(16)9
Avg EPS beat(16)43.95%
Revenue beat(2)1
Avg Revenue beat(2)-0.74%
Min Revenue beat(2)-2.61%
Max Revenue beat(2)1.12%
Revenue beat(4)2
Avg Revenue beat(4)-0.64%
Min Revenue beat(4)-2.67%
Max Revenue beat(4)1.59%
Revenue beat(8)4
Avg Revenue beat(8)-0.4%
Revenue beat(12)7
Avg Revenue beat(12)-0.02%
Revenue beat(16)10
Avg Revenue beat(16)0.14%
PT rev (1m)-0.25%
PT rev (3m)1.29%
EPS NQ rev (1m)6.26%
EPS NQ rev (3m)-37.03%
EPS NY rev (1m)2.27%
EPS NY rev (3m)-31.3%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)2.01%
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 79.65 | ||
| Fwd PE | 92.14 | ||
| P/S | 5.35 | ||
| P/FCF | N/A | ||
| P/OCF | 11.96 | ||
| P/B | 1.04 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | 13.5 |
EPS(TTM)0.37
EY1.26%
EPS(NY)0.32
Fwd EY1.09%
FCF(TTM)-5.03
FCFYN/A
OCF(TTM)2.46
OCFY8.36%
SpS5.51
BVpS28.45
TBVpS27.5
PEG (NY)79.65
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 1.26% | ||
| ROCE | 2.37% | ||
| ROIC | 1.88% | ||
| ROICexc | 1.97% | ||
| ROICexgc | 2.01% | ||
| OM | 22.39% | ||
| PM (TTM) | 6.51% | ||
| GM | 68.44% | ||
| FCFM | N/A |
ROA(3y)1.27%
ROA(5y)2.19%
ROE(3y)2.13%
ROE(5y)3.56%
ROIC(3y)1.96%
ROIC(5y)1.98%
ROICexc(3y)1.96%
ROICexc(5y)1.98%
ROICexgc(3y)2%
ROICexgc(5y)2.03%
ROCE(3y)2.48%
ROCE(5y)2.51%
ROICexcg growth 3Y-3.01%
ROICexcg growth 5Y2.48%
ROICexc growth 3Y-2.96%
ROICexc growth 5Y2.81%
OM growth 3Y-4.46%
OM growth 5Y-0.64%
PM growth 3Y-47.42%
PM growth 5Y-25.18%
GM growth 3Y0.83%
GM growth 5Y0.28%
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.86 | ||
| Cap/Depr | 325.78% | ||
| Cap/Sales | 136.09% | ||
| Interest Coverage | 1.77 | ||
| Cash Conversion | 69.71% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.11 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 0.71 |
F-Score5
WACC6.7%
ROIC/WACC0.28
Cap/Depr(3y)183.05%
Cap/Depr(5y)207.46%
Cap/Sales(3y)75.51%
Cap/Sales(5y)82.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.13%
EPS 3Y-45.66%
EPS 5Y-23.78%
EPS Q2Q%80%
EPS Next Y1%
EPS Next 2Y3.25%
EPS Next 3Y14.85%
EPS Next 5YN/A
Revenue 1Y (TTM)13.07%
Revenue growth 3Y4.3%
Revenue growth 5Y5.44%
Sales Q2Q%12.41%
Revenue Next Year13.96%
Revenue Next 2Y8.53%
Revenue Next 3Y8.08%
Revenue Next 5Y3.35%
EBIT growth 1Y21.36%
EBIT growth 3Y-0.35%
EBIT growth 5Y4.76%
EBIT Next Year383.95%
EBIT Next 3Y74.91%
EBIT Next 5Y55.59%
FCF growth 1Y-1415.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y12.26%
OCF growth 3Y0.91%
OCF growth 5Y5.71%