COUSINS PROPERTIES INC (CUZ)
US2227955026 - REIT
CUZ gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. CUZ has a medium profitability rating, but doesn't score so well on its financial health evaluation. CUZ has a expensive valuation and it also scores bad on growth.
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.
In the past 5 years CUZ has always been profitable.
Each year in the past 5 years CUZ had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CUZ (0.66%) is comparable to the rest of the industry.
CUZ has a Return On Equity (1.16%) which is in line with its industry peers.
The Return On Invested Capital of CUZ (1.79%) is worse than 72.66% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CUZ is in line with the industry average of 3.08%.
| 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
CUZ has a Profit Margin (6.17%) which is comparable to the rest of the industry.
CUZ's Profit Margin has declined in the last couple of years.
The Operating Margin of CUZ (20.39%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of CUZ has remained more or less at the same level.
The Gross Margin of CUZ (67.02%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CUZ has remained more or less at the same level.
| 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
CUZ has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 0.80, we must say that CUZ is in the distress zone and has some risk of bankruptcy.
CUZ has a better Altman-Z score (0.80) than 64.06% of its industry peers.
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.
With a Debt to FCF ratio value of 39.13, CUZ perfoms like the industry average, outperforming 57.81% of the companies in the same industry.
A Debt/Equity ratio of 0.60 indicates that CUZ is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.60, CUZ belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 39.13 | ||
| Altman-Z | 0.8 |
ROIC/WACC0.25
WACC7.24%
2.3 Liquidity
A Current Ratio of 1.01 indicates that CUZ should not have too much problems paying its short term obligations.
The Current ratio of CUZ (1.01) is worse than 61.72% 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 has a Quick ratio (1.01) which is in line with 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.
CUZ shows a small growth in Revenue. In the last year, the Revenue has grown by 3.49%.
Measured over the past years, CUZ shows a quite strong growth in Revenue. The Revenue has been growing by 11.06% on average per year.
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
Based on estimates for the next years, CUZ will show a very negative growth in Earnings Per Share. The EPS will decrease by -10.53% on average per year.
The Revenue is expected to grow by 3.96% on average over the next years.
EPS Next Y-46.75%
EPS Next 2Y-26.61%
EPS Next 3Y-10.53%
EPS Next 5YN/A
Revenue Next Year5.02%
Revenue Next 2Y3.78%
Revenue Next 3Y4.57%
Revenue Next 5Y3.96%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
The Price/Earnings ratio is 91.64, which means the current valuation is very expensive for CUZ.
60.16% of the companies in the same industry are cheaper than CUZ, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CUZ to the average of the S&P500 Index (27.73), we can say CUZ is valued expensively.
With a Price/Forward Earnings ratio of 102.07, CUZ can be considered very expensive at the moment.
CUZ's Price/Forward Earnings is on the same level as the industry average.
CUZ is valuated expensively when we compare the Price/Forward Earnings ratio to 22.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 91.64 | ||
| Fwd PE | 102.07 |
4.2 Price Multiples
CUZ's Enterprise Value to EBITDA ratio is in line with the industry average.
CUZ's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 70.31 | ||
| EV/EBITDA | 14.05 |
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
With a Yearly Dividend Yield of 4.22%, CUZ is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 15.68, CUZ has a dividend in line with its industry peers.
CUZ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.24.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.22% |
5.2 History
The dividend of CUZ has a limited annual growth rate of 4.66%.
CUZ has paid a dividend for at least 10 years, which is 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
CUZ pays out 381.96% of its income as dividend. 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 (12/20/2024, 8:04:27 PM)
After market: 30.24 0 (0%)30.24
+0.41 (+1.37%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners94.91%
Inst Owner Change1.98%
Ins Owners5.47%
Ins Owner Change-0.12%
Market Cap4.78B
Analysts73.75
Price Target31.43 (3.94%)
Short Float %2.1%
Short Ratio2.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.22% |
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)6.64%
PT rev (3m)15.09%
EPS NQ rev (1m)39.13%
EPS NQ rev (3m)-29.41%
EPS NY rev (1m)14.85%
EPS NY rev (3m)4.82%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)1.22%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 91.64 | ||
| Fwd PE | 102.07 | ||
| P/S | 5.77 | ||
| P/FCF | 70.31 | ||
| P/OCF | 13.21 | ||
| P/B | 1.08 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 14.05 |
EPS(TTM)0.33
EY1.09%
EPS(NY)0.3
Fwd EY0.98%
FCF(TTM)0.43
FCFY1.42%
OCF(TTM)2.29
OCFY7.57%
SpS5.24
BVpS27.92
TBVpS27.33
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 | 0.8 |
F-Score6
WACC7.24%
ROIC/WACC0.25
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 Year5.02%
Revenue Next 2Y3.78%
Revenue Next 3Y4.57%
Revenue Next 5Y3.96%
EBIT growth 1Y-9.11%
EBIT growth 3Y3.09%
EBIT growth 5Y12.67%
EBIT Next Year184.05%
EBIT Next 3Y45.73%
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%