CULLEN/FROST BANKERS INC (CFR)
US2298991090 - Common Stock
Taking everything into account, CFR scores 3 out of 10 in our fundamental rating. CFR was compared to 406 industry peers in the Banks industry. While CFR is still in line with the averages on profitability rating, there are concerns on its financial health. CFR does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year CFR was profitable.
CFR had a positive operating cash flow in the past year.
In the past 5 years CFR has always been profitable.
Each year in the past 5 years CFR had a positive operating cash flow.
1.2 Ratios
CFR has a Return On Assets of 1.27%. This is amongst the best in the industry. CFR outperforms 84.65% of its industry peers.
CFR has a Return On Equity of 15.71%. This is amongst the best in the industry. CFR outperforms 94.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.27% | ||
| ROE | 15.71% | ||
| ROIC | N/A |
ROA(3y)1.02%
ROA(5y)1.02%
ROE(3y)14.52%
ROE(5y)12.41%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CFR has a Profit Margin of 25.68%. This is in the better half of the industry: CFR outperforms 66.09% of its industry peers.
CFR's Profit Margin has declined in the last couple of years.
CFR does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.68% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.81%
PM growth 5Y-2.78%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CFR has more shares outstanding
Compared to 5 years ago, CFR has more shares outstanding
Compared to 1 year ago, CFR has an improved debt to assets ratio.
2.2 Solvency
CFR has a debt to FCF ratio of 5.99. This is a neutral value as CFR would need 5.99 years to pay back of all of its debts.
CFR's Debt to FCF ratio of 5.99 is on the low side compared to the rest of the industry. CFR is outperformed by 64.85% of its industry peers.
A Debt/Equity ratio of 1.03 is on the high side and indicates that CFR has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.03, CFR is doing worse than 86.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 5.99 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.95%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CFR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.94%.
CFR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.72% yearly.
The Revenue has been growing slightly by 1.45% in the past year.
Measured over the past years, CFR shows a quite strong growth in Revenue. The Revenue has been growing by 8.70% on average per year.
EPS 1Y (TTM)-22.94%
EPS 3Y21.29%
EPS 5Y5.72%
EPS Q2Q%-5.88%
Revenue 1Y (TTM)1.45%
Revenue growth 3Y11.3%
Revenue growth 5Y8.7%
Sales Q2Q%-14.85%
3.2 Future
Based on estimates for the next years, CFR will show a small growth in Earnings Per Share. The EPS will grow by 0.24% on average per year.
Based on estimates for the next years, CFR will show a small growth in Revenue. The Revenue will grow by 2.49% on average per year.
EPS Next Y-3.92%
EPS Next 2Y-2.74%
EPS Next 3Y-1.37%
EPS Next 5Y0.24%
Revenue Next Year2.98%
Revenue Next 2Y2.73%
Revenue Next 3Y3.37%
Revenue Next 5Y2.49%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 16.49 indicates a correct valuation of CFR.
69.06% of the companies in the same industry are cheaper than CFR, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.73, CFR is valued a bit cheaper.
A Price/Forward Earnings ratio of 15.44 indicates a correct valuation of CFR.
70.05% of the companies in the same industry are cheaper than CFR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CFR to the average of the S&P500 Index (22.83), we can say CFR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.49 | ||
| Fwd PE | 15.44 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as CFR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.99 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)2.88
EPS Next 2Y-2.74%
EPS Next 3Y-1.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.76%, CFR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.02, CFR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.24, CFR pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
5.2 History
On average, the dividend of CFR grows each year by 6.25%, which is quite nice.
CFR has paid a dividend for at least 10 years, which is a reliable track record.
CFR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.25%
Div Incr Years31
Div Non Decr Years31
5.3 Sustainability
CFR pays out 38.07% of its income as dividend. This is a sustainable payout ratio.
CFR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP38.07%
EPS Next 2Y-2.74%
EPS Next 3Y-1.37%
CULLEN/FROST BANKERS INC
NYSE:CFR (12/20/2024, 8:04:00 PM)
After market: 132.87 0 (0%)132.87
+1.59 (+1.21%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners86.57%
Inst Owner Change5.48%
Ins Owners4.19%
Ins Owner Change0.32%
Market Cap8.52B
Analysts65.56
Price Target135.2 (1.75%)
Short Float %4.67%
Short Ratio6.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
Dividend Growth(5Y)6.25%
DP38.07%
Div Incr Years31
Div Non Decr Years31
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.86%
Min EPS beat(2)2%
Max EPS beat(2)5.72%
EPS beat(4)2
Avg EPS beat(4)-5.06%
Min EPS beat(4)-24.13%
Max EPS beat(4)5.72%
EPS beat(8)6
Avg EPS beat(8)0.1%
EPS beat(12)10
Avg EPS beat(12)2.67%
EPS beat(16)14
Avg EPS beat(16)5.18%
Revenue beat(2)1
Avg Revenue beat(2)-7.88%
Min Revenue beat(2)-17.35%
Max Revenue beat(2)1.59%
Revenue beat(4)3
Avg Revenue beat(4)-2.87%
Min Revenue beat(4)-17.35%
Max Revenue beat(4)3.96%
Revenue beat(8)6
Avg Revenue beat(8)-0.45%
Revenue beat(12)8
Avg Revenue beat(12)6.3%
Revenue beat(16)8
Avg Revenue beat(16)3.41%
PT rev (1m)8.87%
PT rev (3m)7.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.31%
EPS NY rev (1m)-0.32%
EPS NY rev (3m)0.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-0.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.49 | ||
| Fwd PE | 15.44 | ||
| P/S | 3.37 | ||
| P/FCF | 11.99 | ||
| P/OCF | 10.12 | ||
| P/B | 2.06 | ||
| P/tB | 2.06 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.06
EY6.07%
EPS(NY)8.61
Fwd EY6.48%
FCF(TTM)11.08
FCFY8.34%
OCF(TTM)13.13
OCFY9.88%
SpS39.46
BVpS64.48
TBVpS64.48
PEG (NY)N/A
PEG (5Y)2.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.27% | ||
| ROE | 15.71% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 25.68% | ||
| GM | N/A | ||
| FCFM | 28.09% |
ROA(3y)1.02%
ROA(5y)1.02%
ROE(3y)14.52%
ROE(5y)12.41%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.81%
PM growth 5Y-2.78%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 5.99 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 161.03% | ||
| Cap/Sales | 5.19% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 109.39% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC9.95%
ROIC/WACCN/A
Cap/Depr(3y)148.79%
Cap/Depr(5y)195.32%
Cap/Sales(3y)6.28%
Cap/Sales(5y)8.11%
Profit Quality(3y)99.62%
Profit Quality(5y)106.33%
High Growth Momentum
Growth
EPS 1Y (TTM)-22.94%
EPS 3Y21.29%
EPS 5Y5.72%
EPS Q2Q%-5.88%
EPS Next Y-3.92%
EPS Next 2Y-2.74%
EPS Next 3Y-1.37%
EPS Next 5Y0.24%
Revenue 1Y (TTM)1.45%
Revenue growth 3Y11.3%
Revenue growth 5Y8.7%
Sales Q2Q%-14.85%
Revenue Next Year2.98%
Revenue Next 2Y2.73%
Revenue Next 3Y3.37%
Revenue Next 5Y2.49%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y28.97%
FCF growth 3Y-9.27%
FCF growth 5Y-7.9%
OCF growth 1Y32.51%
OCF growth 3Y-2.97%
OCF growth 5Y-3.17%