COUSINS PROPERTIES INC (CUZ) Stock Fundamental Analysis
NYSE:CUZ - New York Stock Exchange, Inc. - US2227955026 - REIT - Currency: USD
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 is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CUZ had positive earnings in the past year.
In the past year CUZ had a positive cash flow from operations.
In the past 5 years CUZ has always been profitable.
In the past 5 years CUZ always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CUZ (0.52%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 0.95%, CUZ is in line with its industry, outperforming 47.62% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.61%, CUZ is doing worse than 77.78% of the companies in the same industry.
CUZ had an Average Return On Invested Capital over the past 3 years of 1.96%. This is in line with the industry average of 3.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.52% | ||
| ROE | 0.95% | ||
| ROIC | 1.61% |
ROA(3y)1.27%
ROA(5y)2.19%
ROE(3y)2.13%
ROE(5y)3.56%
ROIC(3y)1.96%
ROIC(5y)1.98%
1.3 Margins
The Profit Margin of CUZ (5.36%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CUZ has declined.
CUZ's Operating Margin of 20.05% is in line compared to the rest of the industry. CUZ outperforms 44.44% of its industry peers.
CUZ's Operating Margin has been stable in the last couple of years.
CUZ's Gross Margin of 67.00% is in line compared to the rest of the industry. CUZ outperforms 49.21% of its industry peers.
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 | 20.05% | ||
| PM (TTM) | 5.36% | ||
| GM | 67% |
OM growth 3Y-4.46%
OM growth 5Y-0.64%
PM growth 3Y-47.42%
PM growth 5Y-25.18%
GM growth 3Y0.83%
GM growth 5Y0.28%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CUZ is destroying value.
The number of shares outstanding for CUZ has been increased compared to 1 year ago.
CUZ has more shares outstanding than it did 5 years ago.
CUZ has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.71, 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 0.71, CUZ is in the better half of the industry, outperforming 60.32% of the companies in the same industry.
CUZ has a Debt/Equity ratio of 0.64. This is a neutral value indicating CUZ is somewhat dependend on debt financing.
CUZ has a Debt to Equity ratio of 0.64. This is amongst the best in the industry. CUZ outperforms 81.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.71 |
ROIC/WACC0.23
WACC6.93%
2.3 Liquidity
A Current Ratio of 0.66 indicates that CUZ may have some problems paying its short term obligations.
The Current ratio of CUZ (0.66) is worse than 75.40% of its industry peers.
CUZ has a Quick Ratio of 0.66. This is a bad value and indicates that CUZ is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.66, CUZ is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The earnings per share for CUZ have decreased strongly by -45.45% in the last year.
CUZ shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -23.78% yearly.
The Revenue has been growing slightly by 6.71% in the past year.
Measured over the past years, CUZ shows a small growth in Revenue. The Revenue has been growing by 5.44% on average per year.
EPS 1Y (TTM)-45.45%
EPS 3Y-45.66%
EPS 5Y-23.78%
EPS Q2Q%-25%
Revenue 1Y (TTM)6.71%
Revenue growth 3Y4.3%
Revenue growth 5Y5.44%
Sales Q2Q%12.02%
3.2 Future
The Earnings Per Share is expected to grow by 39.13% on average over the next years. This is a very strong growth
CUZ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.45% yearly.
EPS Next Y9.42%
EPS Next 2Y13.85%
EPS Next 3Y39.13%
EPS Next 5YN/A
Revenue Next Year8.6%
Revenue Next 2Y7.78%
Revenue Next 3Y2.7%
Revenue Next 5Y6.45%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 100.30, the valuation of CUZ can be described as expensive.
CUZ's Price/Earnings ratio is a bit more expensive when compared to the industry. CUZ is more expensive than 62.70% of the companies in the same industry.
CUZ is valuated expensively when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
CUZ is valuated quite expensively with a Price/Forward Earnings ratio of 91.67.
CUZ's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.68. CUZ is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 100.3 | ||
| Fwd PE | 91.67 |
4.2 Price Multiples
CUZ's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.23 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CUZ does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as CUZ's earnings are expected to grow with 39.13% in the coming years.
PEG (NY)10.65
PEG (5Y)N/A
EPS Next 2Y13.85%
EPS Next 3Y39.13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.19%, CUZ is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 18.48, CUZ is paying slightly less dividend.
CUZ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
5.2 History
The dividend of CUZ has a limited annual growth rate of 1.52%.
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)1.52%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
CUZ pays out 425.16% of its income as dividend. This is not a sustainable payout ratio.
CUZ's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP425.16%
EPS Next 2Y13.85%
EPS Next 3Y39.13%
30.09
-0.26 (-0.86%)
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 Change10.52%
Ins Owners0.7%
Ins Owner Change-0.09%
Market Cap5.04B
Analysts77.33
Price Target33.97 (12.89%)
Short Float %1.86%
Short Ratio2.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
Yearly Dividend1.22
Dividend Growth(5Y)1.52%
DP425.16%
Div Incr Years2
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0%
Min EPS beat(2)-10.89%
Max EPS beat(2)10.89%
EPS beat(4)1
Avg EPS beat(4)-17.6%
Min EPS beat(4)-47.89%
Max EPS beat(4)10.89%
EPS beat(8)3
Avg EPS beat(8)-7.92%
EPS beat(12)6
Avg EPS beat(12)9.24%
EPS beat(16)9
Avg EPS beat(16)42.53%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-2.67%
Max Revenue beat(2)1.59%
Revenue beat(4)3
Avg Revenue beat(4)0.64%
Min Revenue beat(4)-2.67%
Max Revenue beat(4)3.65%
Revenue beat(8)5
Avg Revenue beat(8)-0.03%
Revenue beat(12)7
Avg Revenue beat(12)-0.03%
Revenue beat(16)11
Avg Revenue beat(16)0.44%
PT rev (1m)2.03%
PT rev (3m)15.22%
EPS NQ rev (1m)14.29%
EPS NQ rev (3m)-11.11%
EPS NY rev (1m)10.8%
EPS NY rev (3m)58.54%
Revenue NQ rev (1m)7.57%
Revenue NQ rev (3m)8.98%
Revenue NY rev (1m)3.12%
Revenue NY rev (3m)6.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 100.3 | ||
| Fwd PE | 91.67 | ||
| P/S | 5.89 | ||
| P/FCF | N/A | ||
| P/OCF | 12.6 | ||
| P/B | 1.04 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | 15.23 |
EPS(TTM)0.3
EY1%
EPS(NY)0.33
Fwd EY1.09%
FCF(TTM)-5.12
FCFYN/A
OCF(TTM)2.39
OCFY7.93%
SpS5.11
BVpS28.91
TBVpS27.88
PEG (NY)10.65
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.52% | ||
| ROE | 0.95% | ||
| ROCE | 2.04% | ||
| ROIC | 1.61% | ||
| ROICexc | 1.61% | ||
| ROICexgc | 1.65% | ||
| OM | 20.05% | ||
| PM (TTM) | 5.36% | ||
| GM | 67% | ||
| FCFM | N/A |
ROA(3y)1.27%
ROA(5y)2.19%
ROE(3y)2.13%
ROE(5y)3.56%
ROIC(3y)1.96%
ROIC(5y)1.98%
ROICexc(3y)1.96%
ROICexc(5y)1.98%
ROICexgc(3y)2%
ROICexgc(5y)2.03%
ROCE(3y)2.48%
ROCE(5y)2.51%
ROICexcg growth 3Y-3.01%
ROICexcg growth 5Y2.48%
ROICexc growth 3Y-2.96%
ROICexc growth 5Y2.81%
OM growth 3Y-4.46%
OM growth 5Y-0.64%
PM growth 3Y-47.42%
PM growth 5Y-25.18%
GM growth 3Y0.83%
GM growth 5Y0.28%
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.77 | ||
| Cap/Depr | 344.59% | ||
| Cap/Sales | 146.82% | ||
| Interest Coverage | 1.6 | ||
| Cash Conversion | 74.56% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 0.71 |
F-Score5
WACC6.93%
ROIC/WACC0.23
Cap/Depr(3y)183.05%
Cap/Depr(5y)207.46%
Cap/Sales(3y)75.51%
Cap/Sales(5y)82.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-45.45%
EPS 3Y-45.66%
EPS 5Y-23.78%
EPS Q2Q%-25%
EPS Next Y9.42%
EPS Next 2Y13.85%
EPS Next 3Y39.13%
EPS Next 5YN/A
Revenue 1Y (TTM)6.71%
Revenue growth 3Y4.3%
Revenue growth 5Y5.44%
Sales Q2Q%12.02%
Revenue Next Year8.6%
Revenue Next 2Y7.78%
Revenue Next 3Y2.7%
Revenue Next 5Y6.45%
EBIT growth 1Y-7.89%
EBIT growth 3Y-0.35%
EBIT growth 5Y4.76%
EBIT Next Year379.43%
EBIT Next 3Y64.9%
EBIT Next 5YN/A
FCF growth 1Y-1065.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.65%
OCF growth 3Y0.91%
OCF growth 5Y5.71%