CAMDEN PROPERTY TRUST (CPT) Stock Fundamental Analysis
USA - NYSE:CPT - US1331311027 - REIT
101.78 USD
+2.49 (+2.51%)
101.78 USD
0 (0%)
Overall CPT gets a fundamental rating of 4 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 quite expensive at the moment. It does show a decent growth rate.
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.
CPT had positive earnings in each of the past 5 years.
CPT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.71%, CPT perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
CPT has a Return On Equity of 3.39%. This is comparable to the rest of the industry: CPT outperforms 50.00% of its industry peers.
CPT has a Return On Invested Capital of 2.66%. This is comparable to the rest of the industry: CPT outperforms 55.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CPT is in line with the industry average of 2.61%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 3.39% | ||
| ROIC | 2.66% |
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
CPT has a Profit Margin of 9.97%. This is comparable to the rest of the industry: CPT outperforms 55.00% of its industry peers.
CPT's Profit Margin has declined in the last couple of years.
CPT has a Operating Margin (18.78%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of CPT has declined.
With a decent Gross Margin value of 61.19%, CPT is doing good in the industry, outperforming 75.00% of the companies in the same industry.
CPT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.78% | ||
| PM (TTM) | 9.97% | ||
| GM | 61.19% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CPT is destroying value.
Compared to 1 year ago, CPT has less shares outstanding
Compared to 5 years ago, CPT has more shares outstanding
Compared to 1 year ago, CPT has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.51, we must say that CPT is in the distress zone and has some risk of bankruptcy.
CPT has a Altman-Z score of 1.51. This is in the better half of the industry: CPT outperforms 75.00% of its industry peers.
The Debt to FCF ratio of CPT is 9.23, which is on the high side as it means it would take CPT, 9.23 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.23, CPT belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
A Debt/Equity ratio of 0.83 indicates that CPT is somewhat dependend on debt financing.
The Debt to Equity ratio of CPT (0.83) is better than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 9.23 | ||
| Altman-Z | 1.51 |
ROIC/WACC0.37
WACC7.28%
2.3 Liquidity
CPT has a Current Ratio of 0.10. This is a bad value and indicates that CPT is not financially healthy enough and could expect problems in meeting its short term obligations.
CPT has a Current ratio of 0.10. This is in the lower half of the industry: CPT underperforms 75.00% of its industry peers.
CPT has a Quick Ratio of 0.10. This is a bad value and indicates that CPT is not financially healthy enough and could expect problems in meeting its short term obligations.
CPT has a Quick ratio of 0.10. This is in the lower half of the industry: CPT underperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 |
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%.
CPT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.43% yearly.
The Revenue has been growing slightly by 0.12% in the past year.
Measured over the past years, CPT shows a quite strong growth in Revenue. The Revenue has been growing by 8.46% on average per year.
EPS 1Y (TTM)-42.37%
EPS 3Y13.97%
EPS 5Y0.43%
EPS Q2Q%194.12%
Revenue 1Y (TTM)0.12%
Revenue growth 3Y10.52%
Revenue growth 5Y8.46%
Sales Q2Q%2.18%
3.2 Future
The Earnings Per Share is expected to grow by 0.69% on average over the next years.
CPT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.51% yearly.
EPS Next Y-10.21%
EPS Next 2Y-11.47%
EPS Next 3Y0.69%
EPS Next 5YN/A
Revenue Next Year2.44%
Revenue Next 2Y2.5%
Revenue Next 3Y3.27%
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 accelerating.
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
Based on the Price/Earnings ratio of 49.89, the valuation of CPT can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as CPT.
The average S&P500 Price/Earnings ratio is at 25.83. CPT is valued rather expensively when compared to this.
CPT is valuated quite expensively with a Price/Forward Earnings ratio of 69.07.
CPT's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of CPT to the average of the S&P500 Index (32.68), we can say CPT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.89 | ||
| Fwd PE | 69.07 |
4.2 Price Multiples
CPT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CPT is cheaper than 80.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CPT is valued cheaper than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.25 | ||
| EV/EBITDA | 16.56 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)115.75
EPS Next 2Y-11.47%
EPS Next 3Y0.69%
5. Dividend
5.1 Amount
CPT has a Yearly Dividend Yield of 4.23%, which is a nice return.
Compared to an average industry Dividend Yield of 7.38, CPT is paying slightly less dividend.
CPT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
5.2 History
The dividend of CPT has a limited annual growth rate of 4.99%.
CPT has been paying a dividend for at least 10 years, so it has 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
293.28% of the earnings are spent on dividend by CPT. This is not a sustainable payout ratio.
CPT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP293.28%
EPS Next 2Y-11.47%
EPS Next 3Y0.69%
101.78
+2.49 (+2.51%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners96.78%
Inst Owner Change-0.74%
Ins Owners1.25%
Ins Owner Change-0.27%
Market Cap10.88B
Revenue(TTM)1.54B
Net Income(TTM)155.65M
Analysts72.67
Price Target123.59 (21.43%)
Short Float %2.77%
Short Ratio3.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
Yearly Dividend4.15
Dividend Growth(5Y)4.99%
DP293.28%
Div Incr Years7
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.57%
Min EPS beat(2)-0.59%
Max EPS beat(2)5.72%
EPS beat(4)1
Avg EPS beat(4)-4.05%
Min EPS beat(4)-12.31%
Max EPS beat(4)5.72%
EPS beat(8)4
Avg EPS beat(8)60.9%
EPS beat(12)7
Avg EPS beat(12)54.23%
EPS beat(16)8
Avg EPS beat(16)82.47%
Revenue beat(2)0
Avg Revenue beat(2)-0.51%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)-0.45%
Revenue beat(4)0
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-1.54%
Max Revenue beat(4)-0.45%
Revenue beat(8)0
Avg Revenue beat(8)-0.95%
Revenue beat(12)0
Avg Revenue beat(12)-0.89%
Revenue beat(16)3
Avg Revenue beat(16)5.31%
PT rev (1m)-0.63%
PT rev (3m)-4.98%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.37%
EPS NY rev (1m)10.27%
EPS NY rev (3m)29.82%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)0.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.89 | ||
| Fwd PE | 69.07 | ||
| P/S | 6.97 | ||
| P/FCF | 26.25 | ||
| P/OCF | 13.72 | ||
| P/B | 2.37 | ||
| P/tB | 2.37 | ||
| EV/EBITDA | 16.56 |
EPS(TTM)2.04
EY2%
EPS(NY)1.47
Fwd EY1.45%
FCF(TTM)3.88
FCFY3.81%
OCF(TTM)7.42
OCFY7.29%
SpS14.61
BVpS42.93
TBVpS42.93
PEG (NY)N/A
PEG (5Y)115.75
Graham Number44.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 3.39% | ||
| ROCE | 3.37% | ||
| ROIC | 2.66% | ||
| ROICexc | 2.67% | ||
| ROICexgc | 2.75% | ||
| OM | 18.78% | ||
| PM (TTM) | 9.97% | ||
| GM | 61.19% | ||
| FCFM | 26.55% |
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-Score4
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 9.23 | ||
| Debt/EBITDA | 4.32 | ||
| Cap/Depr | 63.86% | ||
| Cap/Sales | 24.25% | ||
| Interest Coverage | 2.12 | ||
| Cash Conversion | 89.5% | ||
| Profit Quality | 266.19% | ||
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 | ||
| Altman-Z | 1.51 |
F-Score4
WACC7.28%
ROIC/WACC0.37
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 Y-10.21%
EPS Next 2Y-11.47%
EPS Next 3Y0.69%
EPS Next 5YN/A
Revenue 1Y (TTM)0.12%
Revenue growth 3Y10.52%
Revenue growth 5Y8.46%
Sales Q2Q%2.18%
Revenue Next Year2.44%
Revenue Next 2Y2.5%
Revenue Next 3Y3.27%
Revenue Next 5Y4.51%
EBIT growth 1Y-7.46%
EBIT growth 3Y9.54%
EBIT growth 5Y3.5%
EBIT Next Year207.48%
EBIT Next 3Y49.06%
EBIT Next 5Y37.61%
FCF growth 1Y7.34%
FCF growth 3Y36.84%
FCF growth 5Y20.83%
OCF growth 1Y1.55%
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 4 / 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 decline by -10.21% in the next year.