Explain this page
Arphra AIPlain-English read on Camden Property Trust’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +60.84% | +62.80% | +62.11% | +61.18% | +61.41% | +62.01% | +61.90% | +61.84% | +61.63% |
| Operating margin | +19.78% | +18.37% | +21.00% | +19.25% | +18.36% | +19.66% | +19.14% | +20.01% | +19.78% |
| EBITDA margin | +72.78% | +59.04% | +72.79% | +57.36% | +72.97% | +66.58% | +67.67% | +67.20% | +67.28% |
| EBIT margin | +35.99% | +18.49% | +35.51% | +19.66% | +34.14% | +29.77% | +30.22% | +29.55% | +28.91% |
| Pre-tax margin | +27.48% | +46.70% | +26.86% | +11.26% | +25.35% | +21.61% | +21.03% | +21.73% | +21.28% |
| Net margin | +26.57% | +45.94% | +26.15% | +10.58% | +24.43% | +19.65% | +19.15% | +19.34% | +19.45% |
| Cost structure | |||||||||
| Cost of revenue / sales | +39.16% | +37.20% | +37.89% | +38.82% | +38.59% | +39.06% | +38.94% | +37.74% | +38.42% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +5.19% | +4.25% | +4.05% | +4.69% | +5.04% | +4.56% | +4.62% | +4.56% | +4.55% |
| Effective tax rate | +0.60% | +0.45% | +0.88% | +1.68% | +1.01% | +1.19% | +1.17% | +1.19% | +1.18% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +7.12% | +12.93% | +7.98% | +3.44% | +8.66% | +6.38% | +6.41% | +6.38% | +6.36% |
| Return on assets (ROA) | +3.81% | +7.01% | +4.30% | +1.84% | +4.25% | +3.45% | +3.24% | +3.33% | +3.29% |
| Return on capital (ROC) | +3.04% | +2.99% | +3.69% | +3.61% | +3.46% | +3.60% | +3.54% | +3.67% | +3.67% |
| Return on invested capital (ROIC) | +4.09% | +7.48% | +4.60% | +1.98% | +4.61% | +3.60% | +3.54% | +3.54% | +3.60% |
| Asset turnover | +14.34% | +15.25% | +16.43% | +17.44% | +17.40% | +17.53% | +16.94% | +17.24% | +16.91% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +26.57% | +45.94% | +26.15% | +10.58% | +24.43% | +19.65% | +19.15% | +19.34% | +19.45% |
| Asset turnover (× revenue / assets) | +14.34% | +15.25% | +16.43% | +17.44% | +17.40% | +17.53% | +16.94% | +17.24% | +16.91% |
| Equity multiplier (× assets / equity) | +186.97% | +184.46% | +185.75% | +186.47% | +203.75% | +185.14% | +197.67% | +191.25% | +193.45% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.14 | 0.15 | 0.16 | 0.17 | 0.17 | 0.18 | 0.17 | 0.17 | 0.17 |
| Fixed-asset turnover | 165.74 | 237.13 | 0.18 | — | — | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 61.27 | 106.46 | 129.53 | 171.71 | 177.12 | — | — | — | — |
| Payables turnover | 2.34 | 2.50 | 2.63 | 2.79 | 2.45 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 5.96 | 3.43 | 2.82 | 2.13 | 2.06 | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 156.19 | 145.79 | 139.04 | 131.05 | 149.12 | — | — | — | — |
| Cash conversion cycle | -150.23 | -142.36 | -136.22 | -128.92 | -147.06 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.90 | 1.14 | 1.97 | 4.75 | 2.15 | 2.60 | 2.73 | 2.68 | 2.72 |
| FCF / Net income | 0.49 | 0.45 | 0.95 | 2.33 | 1.00 | 1.27 | 1.25 | 1.27 | 1.25 |
| FCF margin | +13.01% | +20.75% | +24.90% | +24.69% | +24.54% | +24.98% | +24.03% | +24.57% | +24.32% |
| OCF margin | +50.50% | +52.34% | +51.55% | +50.19% | +52.53% | +51.03% | +52.28% | +51.90% | +52.92% |
| CapEx / Revenue | +37.49% | +31.59% | +26.65% | +25.50% | +27.99% | +25.93% | +27.17% | +26.06% | +26.76% |
| CapEx / D&A | 1.02 | 0.78 | 0.71 | 0.68 | 0.72 | — | — | — | — |
| Stock-based comp / Revenue | +1.35% | +0.90% | +0.94% | +0.98% | +1.08% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 2.96 | 6.03 | 3.70 | 1.50 | 3.54 | 1.58 | 1.27 | 1.44 | 2.12 |
| EPS · basic | 2.97 | 6.07 | 3.71 | 1.50 | 3.54 | 1.59 | 1.28 | 1.46 | 2.10 |
| Book value / share | 41.49 | 46.66 | 46.18 | 43.74 | 40.93 | 44.17 | 43.65 | 46.76 | 49.82 |
| Tangible BV / share | 41.49 | 46.66 | 46.18 | 43.74 | 40.93 | 44.17 | 43.65 | 46.76 | 49.82 |
| Sales / share | 11.12 | 13.13 | 14.10 | 14.22 | 14.51 | 14.34 | 14.62 | 15.41 | 16.29 |
| Operating CF / share | 5.62 | 6.87 | 7.27 | 7.14 | 7.62 | 7.32 | 7.64 | 8.00 | 8.62 |
| Free cash flow / share | 1.45 | 2.72 | 3.51 | 3.51 | 3.56 | 3.58 | 3.51 | 3.79 | 3.96 |
| Dividends / share | 3.34 | 3.66 | 3.98 | 4.15 | 4.25 | 4.18 | 4.32 | 4.38 | 4.62 |
| Payout ratio | +112.88% | +60.71% | +107.83% | +276.17% | +119.89% | +148.48% | +154.37% | +146.81% | +145.68% |
| Retention ratio | -12.88% | +39.29% | -7.83% | -176.17% | -19.89% | -48.48% | -54.37% | -46.81% | -45.68% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +24.41% | +8.38% | +0.12% | +1.92% | -0.82% | +2.33% | +4.08% | +5.69% | +5.51% |
| Gross profit · YoY | — | +28.44% | +7.18% | -1.38% | +2.31% | +0.15% | +2.14% | +3.98% | +5.33% | +5.68% |
| Profit | ||||||||||
| Operating income · YoY | — | +15.53% | +23.92% | -8.20% | -2.81% | +6.18% | -0.37% | +8.82% | +4.47% | +5.51% |
| EBITDA · YoY | — | +0.94% | +33.61% | -21.10% | +29.65% | -9.50% | +3.99% | +3.35% | +5.82% | +4.48% |
| Net income · YoY | — | +115.07% | -38.30% | -59.51% | +135.44% | -20.23% | -0.27% | +5.09% | +6.28% | +1.47% |
| Operating | ||||||||||
| EBIT · YoY | — | -36.09% | +108.19% | -44.56% | +76.94% | -13.50% | +3.88% | +1.75% | +3.42% | +2.66% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +103.72% | -38.64% | -59.46% | +136.00% | -55.44% | -19.37% | +13.39% | +47.00% | -4.09% |
| EPS · basic · YoY | — | +104.38% | -38.88% | -59.57% | +136.00% | -55.03% | -19.28% | +13.89% | +43.17% | -4.27% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $3.17B | $3.68B | $3.72B | $3.49B | $3.9B | $3.71B | $3.87B | $4.03B | $4.11B |
| Net debt | $2.56B | $3.67B | $3.46B | $3.46B | $3.88B | $3.61B | $3.77B | $3.92B | $3.99B |
| Net debt / EBITDA | 3.07 | 4.37 | 3.08 | 3.91 | 3.38 | 3.47 | 3.49 | 3.51 | 3.38 |
| Debt / equity | 0.74 | 0.73 | 0.74 | 0.73 | 0.88 | 0.77 | 0.81 | 0.80 | 0.76 |
| Debt / assets | +39.74% | +39.46% | +39.59% | +39.38% | +43.14% | +41.66% | +41.09% | +41.81% | +39.54% |
| Equity / assets | +53.48% | +54.21% | +53.84% | +53.63% | +49.08% | +54.01% | +50.59% | +52.29% | +51.69% |
| Coverage | |||||||||
| EBITDA / interest expense | 8.55 | 7.41 | 8.41 | 6.82 | 8.31 | 7.59 | 7.77 | 7.97 | 7.59 |
| Operating income / interest | 2.32 | 2.30 | 2.43 | 2.29 | 2.09 | 2.24 | 2.20 | 2.37 | 2.23 |
| Interest expense | $97.3M | $113.42M | $133.4M | $129.82M | $138.24M | $136.87M | $139.12M | $140.08M | $155.68M |
| Liquidity | |||||||||
| Current ratio | 1.84 | 0.07 | 0.65 | 0.10 | 0.10 | — | — | — | — |
| Quick ratio | 1.82 | 0.05 | 0.63 | 0.07 | 0.07 | — | — | — | — |
| Cash ratio | 1.77 | 0.02 | 0.60 | 0.05 | 0.06 | — | — | — | — |
| Working capital | $290.53M | -$421.75M | -$149.59M | -$366.06M | -$409.31M | — | — | — | — |
| Working capital / revenue | +25.41% | -29.64% | -9.70% | -23.71% | -26.01% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).