CAMDEN PROPERTY TRUST (CPT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CPT - US1331311027 - REIT
107.28 USD
-0.84 (-0.78%)
108.73 USD
+1.45 (+1.35%)
Overall CPT gets a fundamental rating of 3 out of 10. We evaluated CPT against 20 industry peers in the Residential REITs industry. There are concerns on the financial health of CPT while its profitability can be described as average. CPT is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CPT was profitable.
In the past year CPT had a positive cash flow from operations.
Each year in the past 5 years CPT has been profitable.
In the past 5 years CPT always reported a positive cash flow from operatings.
1.2 Ratios
CPT's Return On Assets of 2.97% is in line compared to the rest of the industry. CPT outperforms 55.00% of its industry peers.
CPT has a Return On Equity (5.92%) which is in line with its industry peers.
The Return On Invested Capital of CPT (2.64%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for CPT is in line with the industry average of 2.59%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 5.92% | ||
| ROIC | 2.64% |
ROA(3y)4.38%
ROA(5y)3.73%
ROE(3y)8.22%
ROE(5y)7.1%
ROIC(3y)2.74%
ROIC(5y)2.62%
1.3 Margins
The Profit Margin of CPT (17.11%) is comparable to the rest of the industry.
CPT's Profit Margin has declined in the last couple of years.
CPT has a Operating Margin (18.25%) which is in line with its industry peers.
In the last couple of years the Operating Margin of CPT has declined.
CPT's Gross Margin of 61.28% is fine compared to the rest of the industry. CPT outperforms 75.00% of its industry peers.
CPT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.25% | ||
| PM (TTM) | 17.11% | ||
| GM | 61.28% |
OM growth 3Y-0.89%
OM growth 5Y-4.58%
PM growth 3Y-26.44%
PM growth 5Y-13.1%
GM growth 3Y0.19%
GM growth 5Y-0.06%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPT is destroying value.
The number of shares outstanding for CPT has been reduced compared to 1 year ago.
CPT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CPT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.59, we must say that CPT is in the distress zone and has some risk of bankruptcy.
CPT's Altman-Z score of 1.59 is fine compared to the rest of the industry. CPT outperforms 75.00% of its industry peers.
CPT has a debt to FCF ratio of 9.72. This is a negative value and a sign of low solvency as CPT would need 9.72 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 9.72, CPT belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
CPT has a Debt/Equity ratio of 0.82. This is a neutral value indicating CPT is somewhat dependend on debt financing.
The Debt to Equity ratio of CPT (0.82) is better than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 9.72 | ||
| Altman-Z | 1.59 |
ROIC/WACC0.36
WACC7.37%
2.3 Liquidity
A Current Ratio of 0.07 indicates that CPT may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.07, CPT is doing worse than 80.00% of the companies in the same industry.
A Quick Ratio of 0.07 indicates that CPT may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.07, CPT is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
CPT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -42.37%.
Measured over the past 5 years, CPT shows a small growth in Earnings Per Share. The EPS has been growing by 0.43% on average per year.
The Revenue has been growing slightly by 1.55% in the past year.
The Revenue has been growing by 8.46% on average over the past years. This is quite good.
EPS 1Y (TTM)-42.37%
EPS 3Y13.97%
EPS 5Y0.43%
EPS Q2Q%194.12%
Revenue 1Y (TTM)1.55%
Revenue growth 3Y10.52%
Revenue growth 5Y8.46%
Sales Q2Q%2.18%
3.2 Future
Based on estimates for the next years, CPT will show a decrease in Earnings Per Share. The EPS will decrease by -4.33% on average per year.
The Revenue is expected to grow by 4.51% on average over the next years.
EPS Next Y29.74%
EPS Next 2Y-18.6%
EPS Next 3Y-4.33%
EPS Next 5YN/A
Revenue Next Year2.18%
Revenue Next 2Y2.06%
Revenue Next 3Y2.81%
Revenue Next 5Y4.51%
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 52.59 indicates a quite expensive valuation of CPT.
CPT's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.38, CPT is valued quite expensively.
The Price/Forward Earnings ratio is 86.12, which means the current valuation is very expensive for CPT.
CPT's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.83. CPT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.59 | ||
| Fwd PE | 86.12 |
4.2 Price Multiples
CPT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CPT is cheaper than 75.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CPT indicates a rather cheap valuation: CPT is cheaper than 85.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.68 | ||
| EV/EBITDA | 17.05 |
4.3 Compensation for Growth
CPT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A cheap valuation may be justified as CPT's earnings are expected to decrease with -4.33% in the coming years.
PEG (NY)1.77
PEG (5Y)122
EPS Next 2Y-18.6%
EPS Next 3Y-4.33%
5. Dividend
5.1 Amount
CPT has a Yearly Dividend Yield of 3.88%.
CPT's Dividend Yield is slightly below the industry average, which is at 11.44.
Compared to an average S&P500 Dividend Yield of 1.87, CPT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
5.2 History
The dividend of CPT has a limited annual growth rate of 4.99%.
CPT has paid a dividend for at least 10 years, which is a reliable track record.
CPT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.99%
Div Incr Years7
Div Non Decr Years14
5.3 Sustainability
CPT pays out 170.91% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of CPT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP170.91%
EPS Next 2Y-18.6%
EPS Next 3Y-4.33%
107.28
-0.84 (-0.78%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.14%
Inst Owner Change2.23%
Ins Owners1.25%
Ins Owner Change0%
Market Cap11.41B
Revenue(TTM)1.57B
Net Income(TTM)268.55M
Analysts72.67
Price Target118.99 (10.92%)
Short Float %2.74%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
Yearly Dividend4.15
Dividend Growth(5Y)4.99%
DP170.91%
Div Incr Years7
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)121.26%
Min EPS beat(2)-0.59%
Max EPS beat(2)243.11%
EPS beat(4)2
Avg EPS beat(4)58.98%
Min EPS beat(4)-12.31%
Max EPS beat(4)243.11%
EPS beat(8)4
Avg EPS beat(8)90.86%
EPS beat(12)8
Avg EPS beat(12)76.46%
EPS beat(16)9
Avg EPS beat(16)99.25%
Revenue beat(2)0
Avg Revenue beat(2)-1.09%
Min Revenue beat(2)-1.74%
Max Revenue beat(2)-0.45%
Revenue beat(4)0
Avg Revenue beat(4)-0.97%
Min Revenue beat(4)-1.74%
Max Revenue beat(4)-0.45%
Revenue beat(8)0
Avg Revenue beat(8)-1.04%
Revenue beat(12)0
Avg Revenue beat(12)-0.97%
Revenue beat(16)2
Avg Revenue beat(16)5.1%
PT rev (1m)-3.72%
PT rev (3m)-5.37%
EPS NQ rev (1m)8.9%
EPS NQ rev (3m)7.09%
EPS NY rev (1m)44.49%
EPS NY rev (3m)93.59%
Revenue NQ rev (1m)-0.72%
Revenue NQ rev (3m)-0.83%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.59 | ||
| Fwd PE | 86.12 | ||
| P/S | 7.27 | ||
| P/FCF | 29.68 | ||
| P/OCF | 14.59 | ||
| P/B | 2.52 | ||
| P/tB | 2.52 | ||
| EV/EBITDA | 17.05 |
EPS(TTM)2.04
EY1.9%
EPS(NY)1.25
Fwd EY1.16%
FCF(TTM)3.62
FCFY3.37%
OCF(TTM)7.35
OCFY6.85%
SpS14.75
BVpS42.63
TBVpS42.63
PEG (NY)1.77
PEG (5Y)122
Graham Number44.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 5.92% | ||
| ROCE | 3.34% | ||
| ROIC | 2.64% | ||
| ROICexc | 2.65% | ||
| ROICexgc | 2.73% | ||
| OM | 18.25% | ||
| PM (TTM) | 17.11% | ||
| GM | 61.28% | ||
| FCFM | 24.51% |
ROA(3y)4.38%
ROA(5y)3.73%
ROE(3y)8.22%
ROE(5y)7.1%
ROIC(3y)2.74%
ROIC(5y)2.62%
ROICexc(3y)2.77%
ROICexc(5y)2.72%
ROICexgc(3y)2.85%
ROICexgc(5y)2.8%
ROCE(3y)3.46%
ROCE(5y)3.32%
ROICexgc growth 3Y0.86%
ROICexgc growth 5Y-2.21%
ROICexc growth 3Y1.1%
ROICexc growth 5Y-2.02%
OM growth 3Y-0.89%
OM growth 5Y-4.58%
PM growth 3Y-26.44%
PM growth 5Y-13.1%
GM growth 3Y0.19%
GM growth 5Y-0.06%
F-Score5
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 9.72 | ||
| Debt/EBITDA | 4.19 | ||
| Cap/Depr | 65.56% | ||
| Cap/Sales | 25.33% | ||
| Interest Coverage | 2.06 | ||
| Cash Conversion | 87.62% | ||
| Profit Quality | 143.24% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 1.59 |
F-Score5
WACC7.37%
ROIC/WACC0.36
Cap/Depr(3y)72.34%
Cap/Depr(5y)87.06%
Cap/Sales(3y)27.91%
Cap/Sales(5y)32.43%
Profit Quality(3y)124.82%
Profit Quality(5y)99.59%
High Growth Momentum
Growth
EPS 1Y (TTM)-42.37%
EPS 3Y13.97%
EPS 5Y0.43%
EPS Q2Q%194.12%
EPS Next Y29.74%
EPS Next 2Y-18.6%
EPS Next 3Y-4.33%
EPS Next 5YN/A
Revenue 1Y (TTM)1.55%
Revenue growth 3Y10.52%
Revenue growth 5Y8.46%
Sales Q2Q%2.18%
Revenue Next Year2.18%
Revenue Next 2Y2.06%
Revenue Next 3Y2.81%
Revenue Next 5Y4.51%
EBIT growth 1Y-5.72%
EBIT growth 3Y9.54%
EBIT growth 5Y3.5%
EBIT Next Year209.13%
EBIT Next 3Y47.87%
EBIT Next 5Y37.45%
FCF growth 1Y3.98%
FCF growth 3Y36.84%
FCF growth 5Y20.83%
OCF growth 1Y1.43%
OCF growth 3Y10.3%
OCF growth 5Y6.88%
CAMDEN PROPERTY TRUST / CPT FAQ
What is the fundamental rating for CPT stock?
ChartMill assigns a fundamental rating of 3 / 10 to CPT.
Can you provide the valuation status for CAMDEN PROPERTY TRUST?
ChartMill assigns a valuation rating of 3 / 10 to CAMDEN PROPERTY TRUST (CPT). This can be considered as Overvalued.
Can you provide the profitability details for CAMDEN PROPERTY TRUST?
CAMDEN PROPERTY TRUST (CPT) has a profitability rating of 4 / 10.
Can you provide the financial health for CPT stock?
The financial health rating of CAMDEN PROPERTY TRUST (CPT) is 3 / 10.
What is the earnings growth outlook for CAMDEN PROPERTY TRUST?
The Earnings per Share (EPS) of CAMDEN PROPERTY TRUST (CPT) is expected to grow by 29.74% in the next year.