AMERICAN ASSETS TRUST INC (AAT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AAT - US0240131047 - REIT
18.99 USD
+0.15 (+0.8%)
18.99 USD
0 (0%)
Overall AAT gets a fundamental rating of 3 out of 10. We evaluated AAT against 126 industry peers in the Diversified REITs industry. AAT has a medium profitability rating, but doesn't score so well on its financial health evaluation. AAT is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year AAT was profitable.
In the past year AAT had a positive cash flow from operations.
AAT had positive earnings in each of the past 5 years.
AAT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 2.09%, AAT is doing good in the industry, outperforming 65.08% of the companies in the same industry.
With a decent Return On Equity value of 5.26%, AAT is doing good in the industry, outperforming 65.87% of the companies in the same industry.
With a Return On Invested Capital value of 3.01%, AAT perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AAT is in line with the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.09% | ||
| ROE | 5.26% | ||
| ROIC | 3.01% |
ROA(3y)1.63%
ROA(5y)1.36%
ROE(3y)4.2%
ROE(5y)3.41%
ROIC(3y)3.22%
ROIC(5y)2.99%
1.3 Margins
The Profit Margin of AAT (13.99%) is better than 61.11% of its industry peers.
In the last couple of years the Profit Margin of AAT has remained more or less at the same level.
AAT's Operating Margin of 24.63% is in line compared to the rest of the industry. AAT outperforms 54.76% of its industry peers.
AAT's Operating Margin has declined in the last couple of years.
AAT has a Gross Margin of 61.60%. This is in the lower half of the industry: AAT underperforms 64.29% of its industry peers.
In the last couple of years the Gross Margin of AAT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.63% | ||
| PM (TTM) | 13.99% | ||
| GM | 61.6% |
OM growth 3Y2.01%
OM growth 5Y-1.87%
PM growth 3Y17.96%
PM growth 5Y-0.09%
GM growth 3Y-1.09%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
AAT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AAT has more shares outstanding than it did 1 year ago.
AAT has more shares outstanding than it did 5 years ago.
AAT has a worse debt/assets ratio than last year.
2.2 Solvency
AAT has an Altman-Z score of 0.54. This is a bad value and indicates that AAT is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.54, AAT perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Debt to FCF ratio of AAT is 66.24, which is on the high side as it means it would take AAT, 66.24 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 66.24, AAT is in the better half of the industry, outperforming 67.46% of the companies in the same industry.
A Debt/Equity ratio of 1.44 is on the high side and indicates that AAT has dependencies on debt financing.
With a Debt to Equity ratio value of 1.44, AAT perfoms like the industry average, outperforming 45.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 66.24 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.51
WACC5.85%
2.3 Liquidity
AAT has a Current Ratio of 1.61. This is a normal value and indicates that AAT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.61, AAT is in the better half of the industry, outperforming 75.40% of the companies in the same industry.
A Quick Ratio of 1.61 indicates that AAT should not have too much problems paying its short term obligations.
AAT has a Quick ratio of 1.61. This is in the better half of the industry: AAT outperforms 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
The earnings per share for AAT have decreased strongly by -71.13% in the last year.
Measured over the past 5 years, AAT shows a small growth in Earnings Per Share. The EPS has been growing by 2.01% on average per year.
Looking at the last year, AAT shows a decrease in Revenue. The Revenue has decreased by -3.79% in the last year.
Measured over the past years, AAT shows a small growth in Revenue. The Revenue has been growing by 4.54% on average per year.
EPS 1Y (TTM)-71.13%
EPS 3Y31.27%
EPS 5Y2.01%
EPS Q2Q%-75%
Revenue 1Y (TTM)-3.79%
Revenue growth 3Y6.8%
Revenue growth 5Y4.54%
Sales Q2Q%-10.77%
3.2 Future
The Earnings Per Share is expected to decrease by -23.57% on average over the next years. This is quite bad
Based on estimates for the next years, AAT will show a decrease in Revenue. The Revenue will decrease by -0.06% on average per year.
EPS Next Y-56.41%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
EPS Next 5YN/A
Revenue Next Year-3.86%
Revenue Next 2Y0.03%
Revenue Next 3Y-0.06%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
AAT is valuated quite expensively with a Price/Earnings ratio of 67.82.
AAT's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.19, AAT is valued quite expensively.
A Price/Forward Earnings ratio of 40.87 indicates a quite expensive valuation of AAT.
65.87% of the companies in the same industry are more expensive than AAT, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of AAT to the average of the S&P500 Index (23.92), we can say AAT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.82 | ||
| Fwd PE | 40.87 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AAT indicates a somewhat cheap valuation: AAT is cheaper than 76.19% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, AAT is valued a bit cheaper than 69.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.6 | ||
| EV/EBITDA | 11.53 |
4.3 Compensation for Growth
AAT's earnings are expected to decrease with -23.57% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)33.73
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.23%, AAT is a good candidate for dividend investing.
AAT's Dividend Yield is a higher than the industry average which is at 6.86.
AAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.23% |
5.2 History
The dividend of AAT has a limited annual growth rate of 2.45%.
AAT has paid a dividend for at least 10 years, which is a reliable track record.
AAT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.45%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
170.43% of the earnings are spent on dividend by AAT. This is not a sustainable payout ratio.
The Dividend Rate of AAT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP170.43%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
18.99
+0.15 (+0.8%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.67%
Inst Owner Change0%
Ins Owners1.97%
Ins Owner Change18.09%
Market Cap1.16B
Revenue(TTM)439.58M
Net Income(TTM)61.48M
Analysts48
Price Target20.91 (10.11%)
Short Float %2.11%
Short Ratio2.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.23% |
Yearly Dividend1.69
Dividend Growth(5Y)2.45%
DP170.43%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.94%
Min EPS beat(2)-22.99%
Max EPS beat(2)-10.89%
EPS beat(4)1
Avg EPS beat(4)-27.6%
Min EPS beat(4)-188.67%
Max EPS beat(4)112.16%
EPS beat(8)4
Avg EPS beat(8)-5.79%
EPS beat(12)7
Avg EPS beat(12)8.29%
EPS beat(16)10
Avg EPS beat(16)10.8%
Revenue beat(2)0
Avg Revenue beat(2)-0.84%
Min Revenue beat(2)-0.87%
Max Revenue beat(2)-0.82%
Revenue beat(4)1
Avg Revenue beat(4)-1.87%
Min Revenue beat(4)-6.2%
Max Revenue beat(4)0.39%
Revenue beat(8)4
Avg Revenue beat(8)0.57%
Revenue beat(12)7
Avg Revenue beat(12)1.04%
Revenue beat(16)11
Avg Revenue beat(16)2.14%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)1.38%
Revenue NQ rev (3m)1.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.82 | ||
| Fwd PE | 40.87 | ||
| P/S | 2.64 | ||
| P/FCF | 45.6 | ||
| P/OCF | 6.95 | ||
| P/B | 0.99 | ||
| P/tB | 1 | ||
| EV/EBITDA | 11.53 |
EPS(TTM)0.28
EY1.47%
EPS(NY)0.46
Fwd EY2.45%
FCF(TTM)0.42
FCFY2.19%
OCF(TTM)2.73
OCFY14.4%
SpS7.19
BVpS19.12
TBVpS18.91
PEG (NY)N/A
PEG (5Y)33.73
Graham Number10.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.09% | ||
| ROE | 5.26% | ||
| ROCE | 3.81% | ||
| ROIC | 3.01% | ||
| ROICexc | 3.16% | ||
| ROICexgc | 3.23% | ||
| OM | 24.63% | ||
| PM (TTM) | 13.99% | ||
| GM | 61.6% | ||
| FCFM | 5.79% |
ROA(3y)1.63%
ROA(5y)1.36%
ROE(3y)4.2%
ROE(5y)3.41%
ROIC(3y)3.22%
ROIC(5y)2.99%
ROICexc(3y)3.44%
ROICexc(5y)3.17%
ROICexgc(3y)3.52%
ROICexgc(5y)3.25%
ROCE(3y)4.08%
ROCE(5y)3.79%
ROICexgc growth 3Y9.09%
ROICexgc growth 5Y1.31%
ROICexc growth 3Y9.26%
ROICexc growth 5Y1.53%
OM growth 3Y2.01%
OM growth 5Y-1.87%
PM growth 3Y17.96%
PM growth 5Y-0.09%
GM growth 3Y-1.09%
GM growth 5Y-0.21%
F-Score6
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 66.24 | ||
| Debt/EBITDA | 7.2 | ||
| Cap/Depr | 112.48% | ||
| Cap/Sales | 32.24% | ||
| Interest Coverage | 1.3 | ||
| Cash Conversion | 71.36% | ||
| Profit Quality | 41.43% | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.61 | ||
| Altman-Z | 0.54 |
F-Score6
WACC5.85%
ROIC/WACC0.51
Cap/Depr(3y)84.76%
Cap/Depr(5y)115.74%
Cap/Sales(3y)23.91%
Cap/Sales(5y)34.48%
Profit Quality(3y)165.81%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-71.13%
EPS 3Y31.27%
EPS 5Y2.01%
EPS Q2Q%-75%
EPS Next Y-56.41%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.79%
Revenue growth 3Y6.8%
Revenue growth 5Y4.54%
Sales Q2Q%-10.77%
Revenue Next Year-3.86%
Revenue Next 2Y0.03%
Revenue Next 3Y-0.06%
Revenue Next 5YN/A
EBIT growth 1Y-15.76%
EBIT growth 3Y8.95%
EBIT growth 5Y2.59%
EBIT Next Year62.95%
EBIT Next 3Y18.93%
EBIT Next 5YN/A
FCF growth 1Y-74.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.12%
OCF growth 3Y7.16%
OCF growth 5Y6.13%
AMERICAN ASSETS TRUST INC / AAT FAQ
What is the fundamental rating for AAT stock?
ChartMill assigns a fundamental rating of 3 / 10 to AAT.
What is the valuation status of AMERICAN ASSETS TRUST INC (AAT) stock?
ChartMill assigns a valuation rating of 2 / 10 to AMERICAN ASSETS TRUST INC (AAT). This can be considered as Overvalued.
What is the profitability of AAT stock?
AMERICAN ASSETS TRUST INC (AAT) has a profitability rating of 5 / 10.
Can you provide the financial health for AAT stock?
The financial health rating of AMERICAN ASSETS TRUST INC (AAT) is 3 / 10.
What is the expected EPS growth for AMERICAN ASSETS TRUST INC (AAT) stock?
The Earnings per Share (EPS) of AMERICAN ASSETS TRUST INC (AAT) is expected to decline by -56.41% in the next year.