COUSINS PROPERTIES INC (CUZ) Stock Fundamental Analysis
NYSE:CUZ - New York Stock Exchange, Inc. - US2227955026 - REIT
Taking everything into account, CUZ scores 3 out of 10 in our fundamental rating. CUZ was compared to 129 industry peers in the Diversified REITs industry. There are concerns on the financial health of CUZ while its profitability can be described as average. CUZ does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year CUZ was profitable.
In the past year CUZ had a positive cash flow from operations.
CUZ had positive earnings in each of the past 5 years.
In the past 5 years CUZ always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.66%, CUZ is in line with its industry, outperforming 50.79% of the companies in the same industry.
CUZ has a Return On Equity (1.16%) which is in line with its industry peers.
CUZ has a Return On Invested Capital of 1.79%. This is in the lower half of the industry: CUZ underperforms 73.81% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CUZ is in line with the industry average of 3.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 1.16% | ||
| ROIC | 1.79% |
ROA(3y)2.37%
ROA(5y)2.51%
ROE(3y)3.85%
ROE(5y)4.06%
ROIC(3y)2.02%
ROIC(5y)1.93%
1.3 Margins
The Profit Margin of CUZ (6.17%) is comparable to the rest of the industry.
CUZ's Profit Margin has declined in the last couple of years.
CUZ has a Operating Margin (20.39%) which is in line with its industry peers.
CUZ's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 67.02%, CUZ is in line with its industry, outperforming 49.21% of the companies in the same industry.
CUZ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.39% | ||
| PM (TTM) | 6.17% | ||
| GM | 67.02% |
OM growth 3Y0.34%
OM growth 5Y1.45%
PM growth 3Y-31.43%
PM growth 5Y-9.12%
GM growth 3Y0.36%
GM growth 5Y0.4%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CUZ is destroying value.
CUZ has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CUZ has more shares outstanding
The debt/assets ratio for CUZ is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.87, we must say that CUZ is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.87, CUZ is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
CUZ has a debt to FCF ratio of 39.13. This is a negative value and a sign of low solvency as CUZ would need 39.13 years to pay back of all of its debts.
CUZ has a Debt to FCF ratio (39.13) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.60 indicates that CUZ is somewhat dependend on debt financing.
CUZ has a Debt to Equity ratio of 0.60. This is amongst the best in the industry. CUZ outperforms 84.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 39.13 | ||
| Altman-Z | 0.87 |
ROIC/WACC0.24
WACC7.38%
2.3 Liquidity
A Current Ratio of 1.01 indicates that CUZ should not have too much problems paying its short term obligations.
CUZ has a worse Current ratio (1.01) than 61.90% of its industry peers.
A Quick Ratio of 1.01 indicates that CUZ should not have too much problems paying its short term obligations.
CUZ's Quick ratio of 1.01 is in line compared to the rest of the industry. CUZ outperforms 42.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The earnings per share for CUZ have decreased strongly by -44.07% in the last year.
Measured over the past years, CUZ shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.26% on average per year.
The Revenue has been growing slightly by 3.49% in the past year.
CUZ shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.06% yearly.
EPS 1Y (TTM)-44.07%
EPS 3Y-10.61%
EPS 5Y-6.26%
EPS Q2Q%-46.15%
Revenue 1Y (TTM)3.49%
Revenue growth 3Y2.74%
Revenue growth 5Y11.06%
Sales Q2Q%5.43%
3.2 Future
CUZ is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -10.53% yearly.
CUZ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.84% yearly.
EPS Next Y-46.75%
EPS Next 2Y-26.61%
EPS Next 3Y-10.53%
EPS Next 5YN/A
Revenue Next Year4.87%
Revenue Next 2Y5.16%
Revenue Next 3Y5.54%
Revenue Next 5Y6.84%
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.
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 94.45 indicates a quite expensive valuation of CUZ.
CUZ's Price/Earnings ratio is a bit more expensive when compared to the industry. CUZ is more expensive than 60.32% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, CUZ is valued quite expensively.
CUZ is valuated quite expensively with a Price/Forward Earnings ratio of 105.21.
CUZ's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 24.44. CUZ is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.45 | ||
| Fwd PE | 105.21 |
4.2 Price Multiples
CUZ's Enterprise Value to EBITDA is on the same level as the industry average.
CUZ's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 76.83 | ||
| EV/EBITDA | 14.85 |
4.3 Compensation for Growth
CUZ's earnings are expected to decrease with -10.53% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-26.61%
EPS Next 3Y-10.53%
5. Dividend
5.1 Amount
CUZ has a Yearly Dividend Yield of 4.25%, which is a nice return.
CUZ's Dividend Yield is comparable with the industry average which is at 18.51.
Compared to an average S&P500 Dividend Yield of 2.28, CUZ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.25% |
5.2 History
The dividend of CUZ has a limited annual growth rate of 4.66%.
CUZ has been paying a dividend for at least 10 years, so it has a reliable track record.
CUZ has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.66%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
381.96% of the earnings are spent on dividend by CUZ. This is not a sustainable payout ratio.
CUZ's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP381.96%
EPS Next 2Y-26.61%
EPS Next 3Y-10.53%
COUSINS PROPERTIES INC
NYSE:CUZ (1/21/2025, 8:04:00 PM)
After market: 31.17 0 (0%)31.17
+0.54 (+1.76%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.11%
Inst Owner Change-0.09%
Ins Owners0.7%
Ins Owner Change-0.12%
Market Cap5.23B
Analysts72.5
Price Target33.29 (6.8%)
Short Float %2.71%
Short Ratio3.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.25% |
Yearly Dividend1.28
Dividend Growth(5Y)4.66%
DP381.96%
Div Incr Years2
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-18.5%
Min EPS beat(2)-47.89%
Max EPS beat(2)10.89%
EPS beat(4)1
Avg EPS beat(4)-15.63%
Min EPS beat(4)-47.89%
Max EPS beat(4)10.89%
EPS beat(8)3
Avg EPS beat(8)-7.74%
EPS beat(12)7
Avg EPS beat(12)50.46%
EPS beat(16)9
Avg EPS beat(16)42.65%
Revenue beat(2)1
Avg Revenue beat(2)-1.33%
Min Revenue beat(2)-2.67%
Max Revenue beat(2)0%
Revenue beat(4)2
Avg Revenue beat(4)-0.25%
Min Revenue beat(4)-2.67%
Max Revenue beat(4)3.65%
Revenue beat(8)4
Avg Revenue beat(8)-0.38%
Revenue beat(12)7
Avg Revenue beat(12)-0.08%
Revenue beat(16)10
Avg Revenue beat(16)0.29%
PT rev (1m)5.9%
PT rev (3m)10.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-29.41%
EPS NY rev (1m)0%
EPS NY rev (3m)4.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.22%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.45 | ||
| Fwd PE | 105.21 | ||
| P/S | 6.31 | ||
| P/FCF | 76.83 | ||
| P/OCF | 14.43 | ||
| P/B | 1.18 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 14.85 |
EPS(TTM)0.33
EY1.06%
EPS(NY)0.3
Fwd EY0.95%
FCF(TTM)0.41
FCFY1.3%
OCF(TTM)2.16
OCFY6.93%
SpS4.94
BVpS26.34
TBVpS25.78
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 1.16% | ||
| ROCE | 2.27% | ||
| ROIC | 1.79% | ||
| ROICexc | 1.81% | ||
| ROICexgc | 1.83% | ||
| OM | 20.39% | ||
| PM (TTM) | 6.17% | ||
| GM | 67.02% | ||
| FCFM | 8.21% |
ROA(3y)2.37%
ROA(5y)2.51%
ROE(3y)3.85%
ROE(5y)4.06%
ROIC(3y)2.02%
ROIC(5y)1.93%
ROICexc(3y)2.02%
ROICexc(5y)1.93%
ROICexgc(3y)2.06%
ROICexgc(5y)1.98%
ROCE(3y)2.55%
ROCE(5y)2.45%
ROICexcg growth 3Y1.33%
ROICexcg growth 5Y0.9%
ROICexc growth 3Y1.78%
ROICexc growth 5Y1.35%
OM growth 3Y0.34%
OM growth 5Y1.45%
PM growth 3Y-31.43%
PM growth 5Y-9.12%
GM growth 3Y0.36%
GM growth 5Y0.4%
F-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 39.13 | ||
| Debt/EBITDA | 5.12 | ||
| Cap/Depr | 83.82% | ||
| Cap/Sales | 35.49% | ||
| Interest Coverage | 1.53 | ||
| Cash Conversion | 69.66% | ||
| Profit Quality | 133.07% | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z | 0.87 |
F-Score6
WACC7.38%
ROIC/WACC0.24
Cap/Depr(3y)159.34%
Cap/Depr(5y)176.08%
Cap/Sales(3y)61.35%
Cap/Sales(5y)68.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-44.07%
EPS 3Y-10.61%
EPS 5Y-6.26%
EPS Q2Q%-46.15%
EPS Next Y-46.75%
EPS Next 2Y-26.61%
EPS Next 3Y-10.53%
EPS Next 5YN/A
Revenue 1Y (TTM)3.49%
Revenue growth 3Y2.74%
Revenue growth 5Y11.06%
Sales Q2Q%5.43%
Revenue Next Year4.87%
Revenue Next 2Y5.16%
Revenue Next 3Y5.54%
Revenue Next 5Y6.84%
EBIT growth 1Y-9.11%
EBIT growth 3Y3.09%
EBIT growth 5Y12.67%
EBIT Next Year184.27%
EBIT Next 3Y48.58%
EBIT Next 5Y32.22%
FCF growth 1Y134.15%
FCF growth 3YN/A
FCF growth 5Y75.08%
OCF growth 1Y-0.33%
OCF growth 3Y1.61%
OCF growth 5Y9.97%