CULLEN/FROST BANKERS INC (CFR) Stock Fundamental Analysis
USA - NYSE:CFR - US2298991090 - Common Stock
128.74 USD
+2.55 (+2.02%)
128.74 USD
0 (0%)
CFR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 392 industry peers in the Banks industry. CFR has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, CFR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
CFR had positive earnings in the past year.
CFR had a positive operating cash flow in the past year.
In the past 5 years CFR has always been profitable.
In the past 5 years CFR always reported a positive cash flow from operatings.
1.2 Ratios
CFR has a Return On Assets of 1.16%. This is in the better half of the industry: CFR outperforms 75.77% of its industry peers.
The Return On Equity of CFR (14.21%) is better than 91.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.16% | ||
| ROE | 14.21% | ||
| ROIC | N/A |
ROA(3y)1.1%
ROA(5y)0.98%
ROE(3y)16.15%
ROE(5y)13.13%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CFR's Profit Margin of 27.86% is fine compared to the rest of the industry. CFR outperforms 73.47% of its industry peers.
CFR's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for CFR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.86% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-4.3%
PM growth 5Y-2.65%
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 about the same amount of shares outstanding.
CFR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CFR is higher compared to a year ago.
2.2 Solvency
CFR has a debt to FCF ratio of 54.72. This is a negative value and a sign of low solvency as CFR would need 54.72 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 54.72, CFR is doing worse than 82.65% of the companies in the same industry.
A Debt/Equity ratio of 1.11 is on the high side and indicates that CFR has dependencies on debt financing.
CFR has a Debt to Equity ratio of 1.11. This is amonst the worse of the industry: CFR underperforms 84.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.11 | ||
| Debt/FCF | 54.72 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.25%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CFR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.29%, which is quite good.
The Earnings Per Share has been growing slightly by 5.34% on average over the past years.
The Revenue for CFR has decreased by -14.48% in the past year. This is quite bad
CFR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.57% yearly.
EPS 1Y (TTM)13.29%
EPS 3Y9.48%
EPS 5Y5.34%
EPS Q2Q%8.14%
Revenue 1Y (TTM)-14.48%
Revenue growth 3Y14.59%
Revenue growth 5Y8.57%
Sales Q2Q%7.38%
3.2 Future
CFR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.36% yearly.
Based on estimates for the next years, CFR will show a small growth in Revenue. The Revenue will grow by 3.39% on average per year.
EPS Next Y7.11%
EPS Next 2Y3.78%
EPS Next 3Y3.28%
EPS Next 5Y3.36%
Revenue Next Year7.4%
Revenue Next 2Y5.76%
Revenue Next 3Y4.62%
Revenue Next 5Y3.39%
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 decreasing.
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 13.86 indicates a correct valuation of CFR.
The rest of the industry has a similar Price/Earnings ratio as CFR.
The average S&P500 Price/Earnings ratio is at 27.41. CFR is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 13.48, which indicates a correct valuation of CFR.
Based on the Price/Forward Earnings ratio, CFR is valued a bit more expensive than the industry average as 69.90% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.88. CFR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.86 | ||
| Fwd PE | 13.48 |
4.2 Price Multiples
CFR's Price/Free Cash Flow ratio is rather expensive when compared to the industry. CFR is more expensive than 80.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 97.11 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CFR does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.95
PEG (5Y)2.6
EPS Next 2Y3.78%
EPS Next 3Y3.28%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.12%, CFR has a reasonable but not impressive dividend return.
CFR's Dividend Yield is comparable with the industry average which is at 3.73.
CFR's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.12% |
5.2 History
The dividend of CFR has a limited annual growth rate of 5.72%.
CFR has been paying a dividend for at least 10 years, so it has a reliable track record.
CFR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.72%
Div Incr Years31
Div Non Decr Years31
5.3 Sustainability
CFR pays out 42.92% of its income as dividend. This is a bit on the high side, but may be sustainable.
CFR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP42.92%
EPS Next 2Y3.78%
EPS Next 3Y3.28%
128.74
+2.55 (+2.02%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners86.23%
Inst Owner Change-2.64%
Ins Owners0.74%
Ins Owner Change0.03%
Market Cap8.28B
Analysts64.44
Price Target138.88 (7.88%)
Short Float %4.94%
Short Ratio6.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.12% |
Yearly Dividend3.88
Dividend Growth(5Y)5.72%
DP42.92%
Div Incr Years31
Div Non Decr Years31
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.96%
Min EPS beat(2)2.67%
Max EPS beat(2)5.24%
EPS beat(4)4
Avg EPS beat(4)4.53%
Min EPS beat(4)2%
Max EPS beat(4)8.19%
EPS beat(8)6
Avg EPS beat(8)0.71%
EPS beat(12)10
Avg EPS beat(12)2.66%
EPS beat(16)14
Avg EPS beat(16)3.48%
Revenue beat(2)2
Avg Revenue beat(2)2.11%
Min Revenue beat(2)1.75%
Max Revenue beat(2)2.46%
Revenue beat(4)3
Avg Revenue beat(4)-2.67%
Min Revenue beat(4)-17.35%
Max Revenue beat(4)2.47%
Revenue beat(8)7
Avg Revenue beat(8)-0.14%
Revenue beat(12)10
Avg Revenue beat(12)0.37%
Revenue beat(16)11
Avg Revenue beat(16)4.82%
PT rev (1m)0.42%
PT rev (3m)4.08%
EPS NQ rev (1m)-0.01%
EPS NQ rev (3m)1.17%
EPS NY rev (1m)1.18%
EPS NY rev (3m)1.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.38%
Revenue NY rev (1m)0.4%
Revenue NY rev (3m)0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.86 | ||
| Fwd PE | 13.48 | ||
| P/S | 3.87 | ||
| P/FCF | 97.11 | ||
| P/OCF | 38.31 | ||
| P/B | 1.97 | ||
| P/tB | 1.97 | ||
| EV/EBITDA | N/A |
EPS(TTM)9.29
EY7.22%
EPS(NY)9.55
Fwd EY7.42%
FCF(TTM)1.33
FCFY1.03%
OCF(TTM)3.36
OCFY2.61%
SpS33.29
BVpS65.29
TBVpS65.29
PEG (NY)1.95
PEG (5Y)2.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.16% | ||
| ROE | 14.21% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.86% | ||
| GM | N/A | ||
| FCFM | 3.98% |
ROA(3y)1.1%
ROA(5y)0.98%
ROE(3y)16.15%
ROE(5y)13.13%
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 3Y-4.3%
PM growth 5Y-2.65%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.11 | ||
| Debt/FCF | 54.72 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 152.46% | ||
| Cap/Sales | 6.11% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 14.29% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC11.25%
ROIC/WACCN/A
Cap/Depr(3y)168.8%
Cap/Depr(5y)149.93%
Cap/Sales(3y)6.75%
Cap/Sales(5y)6.33%
Profit Quality(3y)105.07%
Profit Quality(5y)116.76%
High Growth Momentum
Growth
EPS 1Y (TTM)13.29%
EPS 3Y9.48%
EPS 5Y5.34%
EPS Q2Q%8.14%
EPS Next Y7.11%
EPS Next 2Y3.78%
EPS Next 3Y3.28%
EPS Next 5Y3.36%
Revenue 1Y (TTM)-14.48%
Revenue growth 3Y14.59%
Revenue growth 5Y8.57%
Sales Q2Q%7.38%
Revenue Next Year7.4%
Revenue Next 2Y5.76%
Revenue Next 3Y4.62%
Revenue Next 5Y3.39%
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 1Y-85.57%
FCF growth 3Y13.92%
FCF growth 5Y15.04%
OCF growth 1Y-71.2%
OCF growth 3Y15.14%
OCF growth 5Y9.31%