CBL & Associates Properties Inc (CBL) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E below the industry

CBL & Associates Properties's P/E of 10.9 is below the Miscellaneous Investing median of 26.3.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/B above the industry

CBL & Associates Properties's price-to-book of 3.90 is above the Miscellaneous Investing median of 1.20.

Trading below fair value

The share price of $53.20 is below our fair value estimate of $114.57.

Margin of safety over 20%

The price is 53.6% below fair value, more than the 20% cushion we look for.

Revenue growing under 10% a year

Revenue grew 0.9% a year over the last three fiscal years, short of the 10% we look for.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 7.9% over the last twelve months; the Miscellaneous Investing median is 4.6%.

Guidance raised

CBL & Associates Properties raised its 2026 Expected FFO, per diluted, fully converted common share outlook on Aug 7, 2026.

Gross margin trend

This company does not report gross profit.

Return on equity under 15%

Return on equity was 39.7% over the last twelve months and averaged 8.5% over five years; we look for 15% on both.

Return on invested capital

Needs operating income and invested capital.

Return on equity above the industry

CBL & Associates Properties's return on equity of 39.7% is above the Miscellaneous Investing median of 3.1%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin above its 5-year average

Net margin was 25.7% over the last twelve months, against a 5-year average of 4.9%.

Net margin above the industry

CBL & Associates Properties's net margin of 25.7% is above the Miscellaneous Investing median of 10.3%.

High debt

Debt is 469% of shareholders' equity, above the 40% we consider low.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt not well covered by cash flow

Operating cash flow over the last twelve months equals 15.4% of total debt; we look for at least 20%.

Interest coverage

Interest expense is not reported separately.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Elevated bankruptcy risk

The Altman Z-score is 0.52; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

CBL & Associates Properties paid dividends worth 4.0% of the share price over the last twelve months.

Yield below Treasuries

The 4.0% yield is below the 4.4% on a 1-year Treasury.

Yield in the top quarter

The top quarter of US dividend payers yield 3.8% or more; CBL & Associates Properties yields 4.0%.

Dividend stability

Fewer than five years of dividend history.

Covered by earnings

Dividends take 46.7% of net income.

Cash-flow cover

Needs dividends paid and free cash flow.