CatchMark (NYSE: CTT) seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. More Details
Second-rate dividend payer with mediocre balance sheet.
Share Price & News
How has CatchMark Timber Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CTT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CTT's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: CTT underperformed the US REITs industry which returned 31.8% over the past year.
Return vs Market: CTT underperformed the US Market which returned 34.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is CatchMark Timber Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is CatchMark Timber Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTT ($11.54) is trading below our estimate of fair value ($12.87)
Significantly Below Fair Value: CTT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CTT is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: CTT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CTT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CTT is overvalued based on its PB Ratio (4.1x) compared to the US REITs industry average (1.9x).
How is CatchMark Timber Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: CTT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: CTT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: CTT's revenue (0.6% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: CTT's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTT is forecast to be unprofitable in 3 years.
How has CatchMark Timber Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTT is currently unprofitable.
Growing Profit Margin: CTT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CTT is unprofitable, and losses have increased over the past 5 years at a rate of 26.5% per year.
Accelerating Growth: Unable to compare CTT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CTT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-9.9%).
Return on Equity
High ROE: CTT has a negative Return on Equity (-9.98%), as it is currently unprofitable.
How is CatchMark Timber Trust's financial position?
Financial Position Analysis
Short Term Liabilities: CTT's short term assets ($26.2M) exceed its short term liabilities ($5.7M).
Long Term Liabilities: CTT's short term assets ($26.2M) do not cover its long term liabilities ($456.2M).
Debt to Equity History and Analysis
Debt Level: CTT's debt to equity ratio (326.4%) is considered high.
Reducing Debt: CTT's debt to equity ratio has increased from 49.1% to 326.4% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CTT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CTT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45.9% per year.
What is CatchMark Timber Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTT's dividend (4.68%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: CTT's dividend (4.68%) is in the top 25% of dividend payers in the US market (3.57%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CTT has been paying a dividend for less than 10 years.
Growing Dividend: CTT's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64%), CTT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brian Davis (52 yo)
Mr. Brian M. Davis serves as President of CatchMark Timber Trust, Inc. since April 04, 2019 and is its Chief Executive Officer since January 21, 2020. He was Chief Financial Officer of CatchMark Timber Tru...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD1.81M) is about average for companies of similar size in the US market ($USD1.72M).
Compensation vs Earnings: Brian's compensation has increased whilst the company is unprofitable.
Experienced Management: CTT's management team is considered experienced (3.3 years average tenure).
Experienced Board: CTT's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CatchMark Timber Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CatchMark Timber Trust, Inc.
- Ticker: CTT
- Exchange: NYSE
- Founded: 2005
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$564.349m
- Shares outstanding: 48.90m
- Website: https://www.catchmark.com
Number of Employees
- CatchMark Timber Trust, Inc.
- 5 Concourse Parkway
- Suite 2650
- United States
CatchMark (NYSE: CTT) seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. mill markets. Concen...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/03 23:20|
|End of Day Share Price||2021/08/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.