AMERICAN ASSETS TRUST INC (AAT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AAT - US0240131047 - REIT
19.19 USD
-0.14 (-0.72%)
19.19 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. While AAT is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
AAT had a positive operating cash flow in the past year.
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
The Return On Assets of AAT (2.09%) is better than 64.84% of its industry peers.
AAT has a better Return On Equity (5.26%) than 64.84% of its industry peers.
The Return On Invested Capital of AAT (3.01%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for AAT is in line with the industry average of 3.05%.
| 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
AAT's Profit Margin of 13.99% is fine compared to the rest of the industry. AAT outperforms 60.94% of its industry peers.
In the last couple of years the Profit Margin of AAT has remained more or less at the same level.
The Operating Margin of AAT (24.63%) is comparable to the rest of the industry.
AAT's Operating Margin has declined in the last couple of years.
AAT has a worse Gross Margin (61.60%) than 64.06% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AAT is destroying value.
The number of shares outstanding for AAT has been increased compared to 1 year ago.
The number of shares outstanding for AAT has been increased compared to 5 years ago.
The debt/assets ratio for AAT is higher compared to a year ago.
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 has a Altman-Z score (0.54) which is in line with its industry peers.
AAT has a debt to FCF ratio of 66.24. This is a negative value and a sign of low solvency as AAT would need 66.24 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 66.24, AAT is doing good in the industry, outperforming 66.41% 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.
AAT has a Debt to Equity ratio (1.44) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 66.24 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.52
WACC5.84%
2.3 Liquidity
A Current Ratio of 1.61 indicates that AAT should not have too much problems paying its short term obligations.
AAT's Current ratio of 1.61 is fine compared to the rest of the industry. AAT outperforms 73.44% of its industry peers.
A Quick Ratio of 1.61 indicates that AAT should not have too much problems paying its short term obligations.
The Quick ratio of AAT (1.61) is better than 74.22% 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.
AAT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.01% yearly.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 68.54, which means the current valuation is very expensive for AAT.
AAT's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.43. AAT is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 41.30, the valuation of AAT can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AAT indicates a somewhat cheap valuation: AAT is cheaper than 64.06% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.66, AAT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.54 | ||
| Fwd PE | 41.3 |
4.2 Price Multiples
AAT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AAT is cheaper than 75.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AAT is valued a bit cheaper than the industry average as 67.19% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.08 | ||
| EV/EBITDA | 11.62 |
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)34.09
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.07%, AAT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.20, AAT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, AAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.07% |
5.2 History
The dividend of AAT has a limited annual growth rate of 2.45%.
AAT has been paying a dividend for at least 10 years, so it has 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%
19.19
-0.14 (-0.72%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.73%
Inst Owner Change0.25%
Ins Owners1.55%
Ins Owner Change18.09%
Market Cap1.17B
Revenue(TTM)439.58M
Net Income(TTM)61.48M
Analysts48
Price Target20.91 (8.96%)
Short Float %1.87%
Short Ratio2.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.07% |
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)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.54 | ||
| Fwd PE | 41.3 | ||
| P/S | 2.67 | ||
| P/FCF | 46.08 | ||
| P/OCF | 7.02 | ||
| P/B | 1 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 11.62 |
EPS(TTM)0.28
EY1.46%
EPS(NY)0.46
Fwd EY2.42%
FCF(TTM)0.42
FCFY2.17%
OCF(TTM)2.73
OCFY14.25%
SpS7.19
BVpS19.12
TBVpS18.91
PEG (NY)N/A
PEG (5Y)34.09
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
WACC5.84%
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 Year62.82%
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 for AAT stock?
ChartMill assigns a valuation rating of 2 / 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.