CAMDEN PROPERTY TRUST (CPT) Stock Fundamental Analysis
USA - NYSE:CPT - US1331311027 - REIT
101.78 USD
+2.49 (+2.51%)
101.78 USD
0 (0%)
CPT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. While CPT is still in line with the averages on profitability rating, there are concerns on its financial health. CPT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CPT had positive earnings in the past year.
In the past year CPT had a positive cash flow from operations.
In the past 5 years CPT has always been profitable.
In the past 5 years CPT always reported a positive cash flow from operatings.
1.2 Ratios
CPT has a Return On Assets (1.71%) which is comparable to the rest of the industry.
CPT has a Return On Equity (3.39%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 2.66%, CPT perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
CPT had an Average Return On Invested Capital over the past 3 years of 2.74%. This is in line with the industry average of 2.59%.
| 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.
In the last couple of years the Profit Margin of CPT has declined.
Looking at the Operating Margin, with a value of 18.78%, CPT is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Operating Margin of CPT has declined.
The Gross Margin of CPT (61.19%) is better 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 | 18.78% | ||
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPT is destroying value.
CPT has less shares outstanding than it did 1 year ago.
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.
With a decent Altman-Z score value of 1.51, CPT is doing good in the industry, outperforming 75.00% of the companies in the same industry.
CPT has a debt to FCF ratio of 9.23. This is a negative value and a sign of low solvency as CPT would need 9.23 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 9.23, CPT belongs to the best 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.
With a decent Debt to Equity ratio value of 0.83, CPT is doing good in the industry, outperforming 65.00% of the companies in the same industry.
| 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 worse Current ratio (0.10) than 75.00% of its industry peers.
A Quick Ratio of 0.10 indicates that CPT may have some problems paying its short term obligations.
The Quick ratio of CPT (0.10) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
The earnings per share for CPT have decreased strongly by -42.37% in the last year.
The Earnings Per Share has been growing slightly by 0.43% on average over the past years.
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
CPT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.69% yearly.
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
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
A Price/Earnings ratio of 49.89 indicates a quite expensive valuation of CPT.
Compared to the rest of the industry, the Price/Earnings ratio of CPT is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.06. CPT is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 69.07, which means the current valuation is very expensive for CPT.
CPT's Price/Forward Earnings ratio is in line with the industry average.
CPT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 32.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.89 | ||
| Fwd PE | 69.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CPT is valued a bit cheaper than 80.00% of the companies in the same industry.
CPT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CPT is 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.
CPT's Dividend Yield is slightly below the industry average, which is at 7.39.
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.99%
Div Incr Years7
Div Non Decr Years14
5.3 Sustainability
CPT pays out 293.28% of its income as dividend. 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.
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-1.15%
Ins Owners1.25%
Ins Owner Change0.94%
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.