COUSINS PROPERTIES INC (CUZ) Stock Fundamental Analysis
NYSE:CUZ - New York Stock Exchange, Inc. - US2227955026 - REIT - Currency: USD
Taking everything into account, CUZ scores 4 out of 10 in our fundamental rating. CUZ was compared to 130 industry peers in the Diversified REITs industry. CUZ has only an average score on both its financial health and profitability. While showing a medium growth rate, CUZ is valued expensive at the moment.
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's Return On Assets of 0.67% is in line compared to the rest of the industry. CUZ outperforms 50.00% of its industry peers.
CUZ has a Return On Equity (1.26%) which is comparable to the rest of the industry.
CUZ's Return On Invested Capital of 1.88% is on the low side compared to the rest of the industry. CUZ is outperformed by 70.00% of its industry peers.
CUZ had an Average Return On Invested Capital over the past 3 years of 1.96%. This is in line with the industry average of 3.15%.
| 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
CUZ's Profit Margin of 6.51% is in line compared to the rest of the industry. CUZ outperforms 55.38% of its industry peers.
CUZ's Profit Margin has declined in the last couple of years.
CUZ has a Operating Margin (22.39%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of CUZ has remained more or less at the same level.
The Gross Margin of CUZ (68.44%) is comparable to the rest of the industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CUZ is destroying value.
The number of shares outstanding for CUZ has been increased compared to 1 year ago.
CUZ has more shares outstanding than it did 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 0.65. 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 (0.65) is comparable to the rest of the industry.
CUZ has a Debt/Equity ratio of 0.73. This is a neutral value indicating CUZ is somewhat dependend on debt financing.
CUZ has a Debt to Equity ratio of 0.73. This is in the better half of the industry: CUZ outperforms 76.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.65 |
ROIC/WACC0.28
WACC6.71%
2.3 Liquidity
A Current Ratio of 2.11 indicates that CUZ has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.11, CUZ belongs to the top of the industry, outperforming 80.77% of the companies in the same industry.
A Quick Ratio of 2.11 indicates that CUZ has no problem at all paying its short term obligations.
CUZ has a Quick ratio of 2.11. This is amongst the best in the industry. CUZ outperforms 80.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.11 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
The earnings per share for CUZ have decreased by -5.13% in the last year.
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%.
CUZ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.44% yearly.
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%-98.86%
3.2 Future
The Earnings Per Share is expected to grow by 13.56% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.49% on average over the next years.
EPS Next Y-1.25%
EPS Next 2Y2.71%
EPS Next 3Y13.56%
EPS Next 5YN/A
Revenue Next Year14.51%
Revenue Next 2Y8.59%
Revenue Next 3Y8.08%
Revenue Next 5Y3.49%
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.
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 73.05 indicates a quite expensive valuation of CUZ.
Compared to the rest of the industry, the Price/Earnings ratio of CUZ is on the same level as its industry peers.
CUZ is valuated expensively when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 85.41, CUZ can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as CUZ.
When comparing the Price/Forward Earnings ratio of CUZ to the average of the S&P500 Index (35.28), we can say CUZ is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.05 | ||
| Fwd PE | 85.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CUZ is valued a bit cheaper than the industry average as 63.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.78 |
4.3 Compensation for Growth
A more expensive valuation may be justified as CUZ's earnings are expected to grow with 13.56% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.71%
EPS Next 3Y13.56%
5. Dividend
5.1 Amount
CUZ has a Yearly Dividend Yield of 4.75%, which is a nice return.
Compared to an average industry Dividend Yield of 6.79, CUZ has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, CUZ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.75% |
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 2Y2.71%
EPS Next 3Y13.56%
27.03
+0.07 (+0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.61%
Inst Owner Change0.48%
Ins Owners0.73%
Ins Owner Change1.73%
Market Cap4.54B
Analysts80
Price Target33.41 (23.6%)
Short Float %4.06%
Short Ratio4.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.75% |
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)-48.94%
Min Revenue beat(2)-99.01%
Max Revenue beat(2)1.12%
Revenue beat(4)2
Avg Revenue beat(4)-24.74%
Min Revenue beat(4)-99.01%
Max Revenue beat(4)1.59%
Revenue beat(8)4
Avg Revenue beat(8)-12.45%
Revenue beat(12)7
Avg Revenue beat(12)-8.06%
Revenue beat(16)10
Avg Revenue beat(16)-5.89%
PT rev (1m)1.29%
PT rev (3m)-0.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-38.23%
EPS NY rev (1m)-18.52%
EPS NY rev (3m)-32.83%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)1.69%
Revenue NY rev (1m)0.61%
Revenue NY rev (3m)2.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.05 | ||
| Fwd PE | 85.41 | ||
| P/S | 4.91 | ||
| P/FCF | N/A | ||
| P/OCF | 10.97 | ||
| P/B | 0.95 | ||
| P/tB | 0.98 | ||
| EV/EBITDA | 12.78 |
EPS(TTM)0.37
EY1.37%
EPS(NY)0.32
Fwd EY1.17%
FCF(TTM)-5.03
FCFYN/A
OCF(TTM)2.46
OCFY9.12%
SpS5.51
BVpS28.46
TBVpS27.51
PEG (NY)N/A
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 | 0.65 |
F-Score5
WACC6.71%
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 Y-1.25%
EPS Next 2Y2.71%
EPS Next 3Y13.56%
EPS Next 5YN/A
Revenue 1Y (TTM)13.07%
Revenue growth 3Y4.3%
Revenue growth 5Y5.44%
Sales Q2Q%-98.86%
Revenue Next Year14.51%
Revenue Next 2Y8.59%
Revenue Next 3Y8.08%
Revenue Next 5Y3.49%
EBIT growth 1Y21.36%
EBIT growth 3Y-0.35%
EBIT growth 5Y4.76%
EBIT Next Year383.95%
EBIT Next 3Y74.91%
EBIT Next 5Y55.83%
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%