CAMDEN PROPERTY TRUST (CPT) Stock Fundamental Analysis
USA - NYSE:CPT - US1331311027 - REIT
102.66 USD
+0.9 (+0.88%)
102.66 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to CPT. CPT was compared to 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 valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CPT had positive earnings in the past year.
CPT had a positive operating cash flow in the past year.
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 60.00% of its industry peers.
CPT has a Return On Equity of 5.92%. This is in the better half of the industry: CPT outperforms 65.00% of its industry peers.
CPT has a Return On Invested Capital (2.64%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for CPT is in line with the industry average of 2.60%.
| 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
CPT has a Profit Margin of 17.11%. This is comparable to the rest of the industry: CPT outperforms 55.00% of its industry peers.
In the last couple of years the Profit Margin of CPT has declined.
CPT has a Operating Margin of 18.25%. This is comparable to the rest of the industry: CPT outperforms 50.00% of its industry peers.
CPT's Operating Margin has declined in the last couple of years.
CPT has a better Gross Margin (61.28%) than 75.00% of its industry peers.
In the last couple of years the Gross Margin of CPT has remained more or less at the same level.
| 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
CPT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CPT has less shares outstanding
CPT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CPT has an improved debt to assets ratio.
2.2 Solvency
CPT has an Altman-Z score of 1.52. This is a bad value and indicates that CPT is not financially healthy and even has some risk of bankruptcy.
CPT's Altman-Z score of 1.52 is fine compared to the rest of the industry. CPT outperforms 75.00% of its industry peers.
The Debt to FCF ratio of CPT is 9.72, which is on the high side as it means it would take CPT, 9.72 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CPT (9.72) is better than 95.00% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that CPT is somewhat dependend on debt financing.
CPT's Debt to Equity ratio of 0.82 is fine compared to the rest of the industry. CPT outperforms 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 9.72 | ||
| Altman-Z | 1.52 |
ROIC/WACC0.36
WACC7.31%
2.3 Liquidity
A Current Ratio of 0.07 indicates that CPT may have some problems paying its short term obligations.
CPT has a Current ratio of 0.07. This is amonst the worse of the industry: CPT underperforms 80.00% of its industry peers.
A Quick Ratio of 0.07 indicates that CPT may have some problems paying its short term obligations.
The Quick ratio of CPT (0.07) is worse than 75.00% of its industry peers.
| 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.
CPT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.46% yearly.
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
The Earnings Per Share is expected to grow by 0.69% on average over the next years.
Based on estimates for the next years, CPT will show a small growth in Revenue. The Revenue will grow by 4.51% on average per year.
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
The EPS growth rate is accelerating: in the next years the growth will be better 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
The Price/Earnings ratio is 50.32, which means the current valuation is very expensive for CPT.
CPT's Price/Earnings is on the same level as the industry average.
CPT is valuated expensively when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 69.67 indicates a quite expensive valuation of CPT.
Based on the Price/Forward Earnings ratio, CPT is valued a bit more expensive than 60.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, CPT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.32 | ||
| Fwd PE | 69.67 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CPT indicates a somewhat cheap valuation: CPT is cheaper than 80.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CPT is valued cheaply inside the industry as 85.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.52 | ||
| EV/EBITDA | 16.45 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)116.75
EPS Next 2Y-11.47%
EPS Next 3Y0.69%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.13%, CPT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.22, CPT is paying slightly less dividend.
CPT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
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
170.91% of the earnings are spent on dividend by CPT. This is not a sustainable payout ratio.
The dividend of CPT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP170.91%
EPS Next 2Y-11.47%
EPS Next 3Y0.69%
102.66
+0.9 (+0.88%)
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 Change2.23%
Ins Owners1.25%
Ins Owner Change0%
Market Cap10.97B
Revenue(TTM)1.57B
Net Income(TTM)268.55M
Analysts72.67
Price Target123.59 (20.39%)
Short Float %2.77%
Short Ratio3.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
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)-0.63%
PT rev (3m)-4.98%
EPS NQ rev (1m)-17.84%
EPS NQ rev (3m)-6.45%
EPS NY rev (1m)10.27%
EPS NY rev (3m)29.82%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.32 | ||
| Fwd PE | 69.67 | ||
| P/S | 6.99 | ||
| P/FCF | 28.52 | ||
| P/OCF | 14.02 | ||
| P/B | 2.42 | ||
| P/tB | 2.42 | ||
| EV/EBITDA | 16.45 |
EPS(TTM)2.04
EY1.99%
EPS(NY)1.47
Fwd EY1.44%
FCF(TTM)3.6
FCFY3.51%
OCF(TTM)7.32
OCFY7.13%
SpS14.68
BVpS42.45
TBVpS42.45
PEG (NY)N/A
PEG (5Y)116.75
Graham Number44.14
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 | 1.52 |
F-Score5
WACC7.31%
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 Y-10.21%
EPS Next 2Y-11.47%
EPS Next 3Y0.69%
EPS Next 5YN/A
Revenue 1Y (TTM)1.55%
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-5.72%
EBIT growth 3Y9.54%
EBIT growth 5Y3.5%
EBIT Next Year207.48%
EBIT Next 3Y49.06%
EBIT Next 5Y37.61%
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 4 / 10 to CPT.
Can you provide the valuation status for CAMDEN PROPERTY TRUST?
ChartMill assigns a valuation rating of 2 / 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 5 / 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.