COPT DEFENSE PROPERTIES (CDP) Stock Fundamental Analysis
NYSE:CDP - New York Stock Exchange, Inc. - US22002T1088 - REIT
CDP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. There are concerns on the financial health of CDP while its profitability can be described as average. CDP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CDP had positive earnings in the past year.
CDP had a positive operating cash flow in the past year.
CDP had positive earnings in 4 of the past 5 years.
CDP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -2.75%, CDP is doing worse than 81.89% of the companies in the same industry.
CDP has a Return On Equity of -7.81%. This is in the lower half of the industry: CDP underperforms 78.74% of its industry peers.
CDP has a Return On Invested Capital of 3.98%. This is in the better half of the industry: CDP outperforms 79.53% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CDP is in line with the industry average of 3.10%.
The 3 year average ROIC (3.54%) for CDP is below the current ROIC(3.98%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.75% | ||
| ROE | -7.81% | ||
| ROIC | 3.98% |
ROA(3y)1.36%
ROA(5y)2.28%
ROE(3y)3.3%
ROE(5y)5.43%
ROIC(3y)3.54%
ROIC(5y)3.45%
1.3 Margins
CDP has a Operating Margin (27.65%) which is in line with its industry peers.
CDP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 55.67%, CDP is doing worse than 74.02% of the companies in the same industry.
CDP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.65% | ||
| PM (TTM) | N/A | ||
| GM | 55.67% |
OM growth 3Y0.07%
OM growth 5Y1.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.28%
GM growth 5Y0.5%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CDP is destroying value.
CDP has about the same amout of shares outstanding than it did 1 year ago.
CDP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CDP has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.71, we must say that CDP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CDP (0.71) is comparable to the rest of the industry.
The Debt to FCF ratio of CDP is 64.83, which is on the high side as it means it would take CDP, 64.83 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 64.83, CDP perfoms like the industry average, outperforming 52.76% of the companies in the same industry.
CDP has a Debt/Equity ratio of 1.61. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.61, CDP is doing worse than 65.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 64.83 | ||
| Altman-Z | 0.71 |
ROIC/WACC0.63
WACC6.28%
2.3 Liquidity
CDP has a Current Ratio of 0.66. This is a bad value and indicates that CDP is not financially healthy enough and could expect problems in meeting its short term obligations.
CDP's Current ratio of 0.66 is on the low side compared to the rest of the industry. CDP is outperformed by 78.74% of its industry peers.
CDP has a Quick Ratio of 0.66. This is a bad value and indicates that CDP is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.66, CDP is not doing good in the industry: 75.59% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
CDP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 334.62%, which is quite impressive.
CDP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.16%.
CDP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.45% yearly.
EPS 1Y (TTM)334.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%116.49%
Revenue 1Y (TTM)10.16%
Revenue growth 3Y5.56%
Revenue growth 5Y3.45%
Sales Q2Q%12.26%
3.2 Future
CDP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 58.61% yearly.
The Revenue is expected to grow by 6.54% on average over the next years.
EPS Next Y286.93%
EPS Next 2Y99.24%
EPS Next 3Y58.61%
EPS Next 5YN/A
Revenue Next Year9.12%
Revenue Next 2Y6.83%
Revenue Next 3Y7.25%
Revenue Next 5Y6.54%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 24.24, which indicates a rather expensive current valuation of CDP.
Based on the Price/Earnings ratio, CDP is valued a bit cheaper than the industry average as 76.38% of the companies are valued more expensively.
CDP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.96, which is the current average of the S&P500 Index.
CDP is valuated rather expensively with a Price/Forward Earnings ratio of 22.41.
CDP's Price/Forward Earnings ratio is rather cheap when compared to the industry. CDP is cheaper than 87.40% of the companies in the same industry.
CDP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.24 | ||
| Fwd PE | 22.41 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as CDP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 90.37 | ||
| EV/EBITDA | N/A |
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.
CDP's earnings are expected to grow with 58.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y99.24%
EPS Next 3Y58.61%
5. Dividend
5.1 Amount
CDP has a Yearly Dividend Yield of 3.96%.
Compared to an average industry Dividend Yield of 15.16, CDP is paying slightly less dividend.
CDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.96% |
5.2 History
The dividend of CDP has a limited annual growth rate of 0.90%.
CDP has paid a dividend for at least 10 years, which is a reliable track record.
CDP has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.9%
Div Incr Years2
Div Non Decr Years12
5.3 Sustainability
The earnings of CDP are negative and hence is the payout ratio. CDP will probably not be able to sustain this dividend level.
CDP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-111.49%
EPS Next 2Y99.24%
EPS Next 3Y58.61%
COPT DEFENSE PROPERTIES
NYSE:CDP (1/17/2025, 8:04:00 PM)
After market: 29.57 0 (0%)29.57
-0.21 (-0.71%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners106.45%
Inst Owner ChangeN/A
Ins Owners0.33%
Ins Owner Change-12.21%
Market Cap3.33B
Analysts80
Price Target36.72 (24.18%)
Short Float %4.64%
Short Ratio4.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.96% |
Yearly Dividend1.13
Dividend Growth(5Y)0.9%
DP-111.49%
Div Incr Years2
Div Non Decr Years12
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.41%
Min EPS beat(2)-1.84%
Max EPS beat(2)-0.99%
EPS beat(4)0
Avg EPS beat(4)-203.16%
Min EPS beat(4)-804.88%
Max EPS beat(4)-0.99%
EPS beat(8)2
Avg EPS beat(8)-75.8%
EPS beat(12)3
Avg EPS beat(12)-48.88%
EPS beat(16)5
Avg EPS beat(16)-37.61%
Revenue beat(2)0
Avg Revenue beat(2)-2.47%
Min Revenue beat(2)-3.23%
Max Revenue beat(2)-1.72%
Revenue beat(4)2
Avg Revenue beat(4)3.2%
Min Revenue beat(4)-3.23%
Max Revenue beat(4)10.4%
Revenue beat(8)6
Avg Revenue beat(8)8.05%
Revenue beat(12)10
Avg Revenue beat(12)13.3%
Revenue beat(16)13
Avg Revenue beat(16)11.45%
PT rev (1m)0.8%
PT rev (3m)12.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.24 | ||
| Fwd PE | 22.41 | ||
| P/S | 4.57 | ||
| P/FCF | 90.37 | ||
| P/OCF | 11.1 | ||
| P/B | 2.24 | ||
| P/tB | 2.24 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.22
EY4.13%
EPS(NY)1.32
Fwd EY4.46%
FCF(TTM)0.33
FCFY1.11%
OCF(TTM)2.66
OCFY9.01%
SpS6.47
BVpS13.19
TBVpS13.19
PEG (NY)0.08
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.75% | ||
| ROE | -7.81% | ||
| ROCE | 5.04% | ||
| ROIC | 3.98% | ||
| ROICexc | 4.09% | ||
| ROICexgc | 4.15% | ||
| OM | 27.65% | ||
| PM (TTM) | N/A | ||
| GM | 55.67% | ||
| FCFM | 5.06% |
ROA(3y)1.36%
ROA(5y)2.28%
ROE(3y)3.3%
ROE(5y)5.43%
ROIC(3y)3.54%
ROIC(5y)3.45%
ROICexc(3y)3.61%
ROICexc(5y)3.49%
ROICexgc(3y)3.68%
ROICexgc(5y)3.56%
ROCE(3y)4.49%
ROCE(5y)4.36%
ROICexcg growth 3Y5.29%
ROICexcg growth 5Y2.98%
ROICexc growth 3Y5.38%
ROICexc growth 5Y3.12%
OM growth 3Y0.07%
OM growth 5Y1.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.28%
GM growth 5Y0.5%
F-Score5
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 64.83 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 36.13% | ||
| Interest Coverage | -1.57 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 0.71 |
F-Score5
WACC6.28%
ROIC/WACC0.63
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)49.55%
Cap/Sales(5y)58.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)334.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%116.49%
EPS Next Y286.93%
EPS Next 2Y99.24%
EPS Next 3Y58.61%
EPS Next 5YN/A
Revenue 1Y (TTM)10.16%
Revenue growth 3Y5.56%
Revenue growth 5Y3.45%
Sales Q2Q%12.26%
Revenue Next Year9.12%
Revenue Next 2Y6.83%
Revenue Next 3Y7.25%
Revenue Next 5Y6.54%
EBIT growth 1Y9.88%
EBIT growth 3Y5.63%
EBIT growth 5Y5.11%
EBIT Next Year79.04%
EBIT Next 3Y26.73%
EBIT Next 5Y21.11%
FCF growth 1Y131.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y20.18%
OCF growth 3Y5.04%
OCF growth 5Y8.89%