Financials Cousins Properties Incorporated

Equities

CUZ

US2227955026

Commercial REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
22.86 USD -0.78% Intraday chart for Cousins Properties Incorporated +3.11% -6.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,047 4,977 5,989 3,830 3,696 3,476 - -
Enterprise Value (EV) 1 8,254 7,135 8,218 6,159 6,147 6,024 6,152 6,247
P/E ratio 35.2 x 20.9 x 21.5 x 22.8 x 44.3 x 45.5 x 42.6 x 36.8 x
Yield 2.82% 3.58% 3.08% 5.06% 5.26% 5.6% 5.78% 5.77%
Capitalization / Revenue 9.62 x 6.89 x 8.1 x 5.08 x 4.63 x 4.28 x 4.2 x 3.91 x
EV / Revenue 13.1 x 9.88 x 11.1 x 8.17 x 7.69 x 7.42 x 7.43 x 7.02 x
EV / EBITDA 22.6 x 16.1 x 17.7 x 13 x 12.3 x 11.8 x 11.6 x 11.4 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.39 x 1.11 x 1.33 x 0.82 x 0.82 x 0.79 x 0.81 x 0.83 x
Nbr of stocks (in thousands) 146,762 148,564 148,688 151,434 151,774 152,072 - -
Reference price 2 41.20 33.50 40.28 25.29 24.35 22.86 22.86 22.86
Announcement Date 2/5/20 2/11/21 2/3/22 2/9/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 628.8 721.9 739.1 753.5 799 811.7 828.2 890.2
EBITDA 1 365.6 442.4 463.8 473.6 499.7 510.9 529.5 548.4
EBIT 1 108.4 153.8 175.7 178 184.8 193.1 200 217.2
Operating Margin 17.25% 21.3% 23.78% 23.62% 23.12% 23.79% 24.15% 24.4%
Earnings before Tax (EBT) 1 152.7 238.1 279 167.4 83.82 72.31 78.85 66.19
Net income 1 150.4 237.3 278.6 166.8 82.96 74.72 79.13 80.46
Net margin 23.92% 32.87% 37.69% 22.14% 10.38% 9.21% 9.56% 9.04%
EPS 2 1.170 1.600 1.870 1.110 0.5500 0.5027 0.5362 0.6214
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.160 1.200 1.240 1.280 1.280 1.280 1.322 1.320
Announcement Date 2/5/20 2/11/21 2/3/22 2/9/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 187 183.2 183.2 193.5 193.7 200.1 204 198.4 196.6 208.8 202.4 204.2 205.8 207.5 209.9
EBITDA 1 117.5 113.6 115.8 121.6 122.6 122.9 129 125.5 125.7 128.8 127.9 129.4 130.8 131 135.2
EBIT 43.83 42.85 45.93 42.51 46.7 47.1 48.77 46.03 46.31 42.58 - - - - -
Operating Margin 23.44% 23.39% 25.07% 21.97% 24.11% 23.54% 23.91% 23.2% 23.56% 20.39% - - - - -
Earnings before Tax (EBT) 1 167.5 28.16 34.16 80.77 24.35 22.36 23.08 19.49 18.89 13.45 18.5 18.66 20.63 16.91 22.11
Net income 1 167.3 27.98 34.05 80.64 24.12 22.2 22.62 19.36 18.78 13.29 18.72 18.59 19.59 16.8 21.97
Net margin 89.48% 15.27% 18.59% 41.68% 12.45% 11.09% 11.09% 9.76% 9.56% 6.36% 9.25% 9.11% 9.52% 8.1% 10.47%
EPS 2 1.120 0.1900 0.2300 0.5300 0.1600 0.1500 0.1500 0.1300 0.1200 0.0900 0.1278 0.1227 0.1291 - -
Dividend per Share 2 0.3100 0.3200 0.3200 0.3200 0.3200 0.3200 0.3200 0.3200 0.3200 - 0.3200 0.3200 0.3200 0.3340 0.3340
Announcement Date 2/3/22 4/28/22 7/28/22 10/27/22 2/9/23 4/27/23 7/27/23 10/26/23 2/7/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,207 2,158 2,229 2,329 2,452 2,548 2,676 2,770
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.038 x 4.879 x 4.805 x 4.919 x 4.906 x 4.987 x 5.053 x 5.052 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 4.22% 5.38% 6.17% 3.63% 1.81% 1.75% 1.85% 2.23%
ROA (Net income/ Total Assets) 2.66% 3.33% 3.86% 2.25% 1.09% 1.03% 1.06% 1.25%
Assets 1 5,649 7,129 7,210 7,425 7,586 7,226 7,480 6,463
Book Value Per Share 2 29.70 30.10 30.20 30.80 29.80 29.00 28.20 27.50
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/5/20 2/11/21 2/3/22 2/9/23 2/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
22.86 USD
Average target price
25.27 USD
Spread / Average Target
+10.55%
Consensus
  1. Stock Market
  2. Equities
  3. CUZ Stock
  4. Financials Cousins Properties Incorporated