AMERICAN ASSETS TRUST INC (AAT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AAT - US0240131047 - REIT
18.88 USD
-0.62 (-3.18%)
18.88 USD
0 (0%)
AAT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 128 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 has a expensive valuation and it also scores bad on growth.
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.
In the past 5 years AAT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AAT (2.09%) is better than 67.97% of its industry peers.
AAT has a better Return On Equity (5.26%) than 67.97% of its industry peers.
AAT's Return On Invested Capital of 3.01% is in line compared to the rest of the industry. AAT outperforms 59.38% of its industry peers.
The Average Return On Invested Capital over the past 3 years 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
With a decent Profit Margin value of 13.99%, AAT is doing good in the industry, outperforming 64.84% of the companies in the same industry.
In the last couple of years the Profit Margin of AAT has remained more or less at the same level.
Looking at the Operating Margin, with a value of 24.63%, AAT is in line with its industry, outperforming 54.69% of the companies in the same industry.
AAT's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 61.60%, AAT is not doing good in the industry: 64.06% of the companies in the same industry are doing better.
AAT's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AAT is destroying value.
Compared to 1 year ago, AAT has more shares outstanding
AAT has more shares outstanding than it did 5 years ago.
AAT has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.54, we must say that AAT is in the distress zone and has some risk of bankruptcy.
AAT's Altman-Z score of 0.54 is in line compared to the rest of the industry. AAT outperforms 50.00% of its industry peers.
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.
AAT's Debt to FCF ratio of 66.24 is fine compared to the rest of the industry. AAT outperforms 65.63% of its industry peers.
A Debt/Equity ratio of 1.44 is on the high side and indicates that AAT has dependencies on debt financing.
AAT has a Debt to Equity ratio of 1.44. This is comparable to the rest of the industry: AAT outperforms 44.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 66.24 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.52
WACC5.81%
2.3 Liquidity
A Current Ratio of 1.61 indicates that AAT should not have too much problems paying its short term obligations.
AAT has a better Current ratio (1.61) than 70.31% of its industry peers.
AAT has a Quick 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.
AAT's Quick ratio of 1.61 is fine compared to the rest of the industry. AAT outperforms 71.09% 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
AAT is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.57% yearly.
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
With a Price/Earnings ratio of 67.43, AAT can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as AAT.
AAT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.41.
AAT is valuated quite expensively with a Price/Forward Earnings ratio of 40.64.
63.28% of the companies in the same industry are more expensive than AAT, based on the Price/Forward Earnings ratio.
AAT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 35.40, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.43 | ||
| Fwd PE | 40.64 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AAT is valued a bit cheaper than 75.00% of the companies in the same industry.
AAT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AAT is cheaper than 67.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.33 | ||
| EV/EBITDA | 11.54 |
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)33.54
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
5. Dividend
5.1 Amount
AAT has a Yearly Dividend Yield of 6.99%, which is a nice return.
AAT's Dividend Yield is a higher than the industry average which is at 6.34.
Compared to an average S&P500 Dividend Yield of 2.32, AAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.99% |
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.
AAT's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP170.43%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
18.88
-0.62 (-3.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.59%
Inst Owner Change0.25%
Ins Owners1.55%
Ins Owner Change1.77%
Market Cap1.15B
Revenue(TTM)439.58M
Net Income(TTM)61.48M
Analysts48
Price Target20.91 (10.75%)
Short Float %1.89%
Short Ratio3.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.99% |
Yearly Dividend1.69
Dividend Growth(5Y)2.45%
DP170.43%
Div Incr Years4
Div Non Decr Years4
Ex-Date
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)0%
Revenue NQ rev (3m)1.4%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.43 | ||
| Fwd PE | 40.64 | ||
| P/S | 2.63 | ||
| P/FCF | 45.33 | ||
| P/OCF | 6.91 | ||
| P/B | 0.99 | ||
| P/tB | 1 | ||
| EV/EBITDA | 11.54 |
EPS(TTM)0.28
EY1.48%
EPS(NY)0.46
Fwd EY2.46%
FCF(TTM)0.42
FCFY2.21%
OCF(TTM)2.73
OCFY14.48%
SpS7.19
BVpS19.12
TBVpS18.91
PEG (NY)N/A
PEG (5Y)33.54
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
WACC5.81%
ROIC/WACC0.52
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 Year62.37%
EBIT Next 3Y18.92%
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 for AAT stock?
ChartMill assigns a valuation rating of 3 / 10 to AMERICAN ASSETS TRUST INC (AAT). This can be considered as Overvalued.
How profitable is AMERICAN ASSETS TRUST INC (AAT) stock?
AMERICAN ASSETS TRUST INC (AAT) has a profitability rating of 5 / 10.
What is the financial health of AMERICAN ASSETS TRUST INC (AAT) stock?
The financial health rating of AMERICAN ASSETS TRUST INC (AAT) is 3 / 10.
Can you provide the expected EPS growth for AAT stock?
The Earnings per Share (EPS) of AMERICAN ASSETS TRUST INC (AAT) is expected to decline by -56.41% in the next year.