CBL & ASSOCIATES PROPERTIES (CBL)
US1248308785 - REIT
Taking everything into account, CBL scores 3 out of 10 in our fundamental rating. CBL was compared to 130 industry peers in the Diversified REITs industry. While CBL is still in line with the averages on profitability rating, there are concerns on its financial health. CBL has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year CBL was profitable.
In the past year CBL had a positive cash flow from operations.
CBL had negative earnings in 4 of the past 5 years.
Each year in the past 5 years CBL had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 1.41%, CBL is doing good in the industry, outperforming 60.16% of the companies in the same industry.
CBL has a better Return On Equity (10.27%) than 87.50% of its industry peers.
The Return On Invested Capital of CBL (4.91%) is better than 89.84% of its industry peers.
CBL had an Average Return On Invested Capital over the past 3 years of 2.77%. This is in line with the industry average of 3.08%.
The 3 year average ROIC (2.77%) for CBL is below the current ROIC(4.91%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 10.27% | ||
| ROIC | 4.91% |
ROA(3y)-8.16%
ROA(5y)-7.06%
ROE(3y)-60.45%
ROE(5y)-52.59%
ROIC(3y)2.77%
ROIC(5y)2.98%
1.3 Margins
CBL's Profit Margin of 6.05% is in line compared to the rest of the industry. CBL outperforms 53.91% of its industry peers.
Looking at the Operating Margin, with a value of 24.88%, CBL is in line with its industry, outperforming 55.47% of the companies in the same industry.
CBL's Operating Margin has declined in the last couple of years.
CBL has a Gross Margin of 66.23%. This is comparable to the rest of the industry: CBL outperforms 44.53% of its industry peers.
CBL's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.88% | ||
| PM (TTM) | 6.05% | ||
| GM | 66.23% |
OM growth 3Y-12.9%
OM growth 5Y-10.38%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.17%
GM growth 5Y-1.62%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CBL is destroying value.
Compared to 1 year ago, CBL has more shares outstanding
Compared to 5 years ago, CBL has less shares outstanding
The debt/assets ratio for CBL is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.42, we must say that CBL is in the distress zone and has some risk of bankruptcy.
CBL has a worse Altman-Z score (0.42) than 61.72% of its industry peers.
CBL has a debt to FCF ratio of 10.82. This is a negative value and a sign of low solvency as CBL would need 10.82 years to pay back of all of its debts.
CBL has a better Debt to FCF ratio (10.82) than 87.50% of its industry peers.
A Debt/Equity ratio of 5.76 is on the high side and indicates that CBL has dependencies on debt financing.
With a Debt to Equity ratio value of 5.76, CBL is not doing good in the industry: 88.28% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.76 | ||
| Debt/FCF | 10.82 | ||
| Altman-Z | 0.42 |
ROIC/WACC0.72
WACC6.87%
2.3 Liquidity
A Current Ratio of 0.61 indicates that CBL may have some problems paying its short term obligations.
With a Current ratio value of 0.61, CBL is not doing good in the industry: 80.47% of the companies in the same industry are doing better.
A Quick Ratio of 0.61 indicates that CBL may have some problems paying its short term obligations.
CBL's Quick ratio of 0.61 is on the low side compared to the rest of the industry. CBL is outperformed by 77.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
CBL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 701.07%, which is quite impressive.
Looking at the last year, CBL shows a decrease in Revenue. The Revenue has decreased by -3.98% in the last year.
Measured over the past years, CBL shows a decrease in Revenue. The Revenue has been decreasing by -9.02% on average per year.
EPS 1Y (TTM)701.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25.81%
Revenue 1Y (TTM)-3.98%
Revenue growth 3Y-2.41%
Revenue growth 5Y-9.02%
Sales Q2Q%-3.33%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y516.85%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.58%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
CBL is valuated quite expensively with a Price/Earnings ratio of 28.77.
CBL's Price/Earnings ratio is a bit cheaper when compared to the industry. CBL is cheaper than 67.19% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.54, CBL is valued at the same level.
CBL is valuated quite expensively with a Price/Forward Earnings ratio of 27.41.
82.81% of the companies in the same industry are more expensive than CBL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.99, CBL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.77 | ||
| Fwd PE | 27.41 |
4.2 Price Multiples
CBL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CBL is cheaper than 89.84% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CBL is valued cheaper than 95.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.5 | ||
| EV/EBITDA | 9.27 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.38%, CBL is a good candidate for dividend investing.
CBL's Dividend Yield is comparable with the industry average which is at 16.05.
CBL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.38% |
5.2 History
The dividend of CBL is nicely growing with an annual growth rate of 22.86%!
CBL has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CBL decreased recently.
Dividend Growth(5Y)22.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CBL pays out 158.00% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CBL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP158%
EPS Next 2YN/A
EPS Next 3YN/A
CBL & ASSOCIATES PROPERTIES
NYSE:CBL (12/24/2024, 8:00:35 PM)
29.35
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.72%
Inst Owner Change2.95%
Ins Owners9.93%
Ins Owner Change-3.86%
Market Cap902.51M
Analysts80
Price Target36.72 (25.11%)
Short Float %4.94%
Short Ratio7.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.38% |
Dividend Growth(5Y)22.86%
DP158%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.88%
PT rev (3m)5.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)457.9%
EPS NY rev (3m)457.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-5.41%
Revenue NY rev (3m)-5.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.77 | ||
| Fwd PE | 27.41 | ||
| P/S | 1.72 | ||
| P/FCF | 5.5 | ||
| P/OCF | 4.4 | ||
| P/B | 2.93 | ||
| P/tB | 4.65 | ||
| EV/EBITDA | 9.27 |
EPS(TTM)1.02
EY3.48%
EPS(NY)1.07
Fwd EY3.65%
FCF(TTM)5.33
FCFY18.18%
OCF(TTM)6.68
OCFY22.75%
SpS17.03
BVpS10.03
TBVpS6.32
PEG (NY)0.06
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 10.27% | ||
| ROCE | 6.28% | ||
| ROIC | 4.91% | ||
| ROICexc | 5.07% | ||
| ROICexgc | 5.79% | ||
| OM | 24.88% | ||
| PM (TTM) | 6.05% | ||
| GM | 66.23% | ||
| FCFM | 31.33% |
ROA(3y)-8.16%
ROA(5y)-7.06%
ROE(3y)-60.45%
ROE(5y)-52.59%
ROIC(3y)2.77%
ROIC(5y)2.98%
ROICexc(3y)2.87%
ROICexc(5y)3.06%
ROICexgc(3y)3.6%
ROICexgc(5y)3.53%
ROCE(3y)3.54%
ROCE(5y)3.82%
ROICexcg growth 3Y9.21%
ROICexcg growth 5Y-1.6%
ROICexc growth 3Y4.54%
ROICexc growth 5Y-4.05%
OM growth 3Y-12.9%
OM growth 5Y-10.38%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.17%
GM growth 5Y-1.62%
F-Score7
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.76 | ||
| Debt/FCF | 10.82 | ||
| Debt/EBITDA | 6.3 | ||
| Cap/Depr | 27.27% | ||
| Cap/Sales | 7.89% | ||
| Interest Coverage | 0.95 | ||
| Cash Conversion | 72.89% | ||
| Profit Quality | 517.86% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 0.42 |
F-Score7
WACC6.87%
ROIC/WACC0.72
Cap/Depr(3y)18.39%
Cap/Depr(5y)26.39%
Cap/Sales(3y)7.15%
Cap/Sales(5y)9.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)701.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25.81%
EPS Next Y516.85%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.98%
Revenue growth 3Y-2.41%
Revenue growth 5Y-9.02%
Sales Q2Q%-3.33%
Revenue Next Year-3.58%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y65.74%
EBIT growth 3Y-15%
EBIT growth 5Y-18.46%
EBIT Next Year321.94%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y126.58%
FCF growth 3Y20.75%
FCF growth 5Y-9.89%
OCF growth 1Y77.48%
OCF growth 3Y11.22%
OCF growth 5Y-13.42%