ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AHH - US04208T1088 - REIT
6.94 USD
+0.07 (+1.02%)
6.95 USD
+0.01 (+0.14%)
We assign a fundamental rating of 3 out of 10 to AHH. AHH was compared to 128 industry peers in the Diversified REITs industry. AHH has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, AHH is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year AHH was profitable.
In the past year AHH had a positive cash flow from operations.
AHH had positive earnings in 4 of the past 5 years.
In the past 5 years AHH always reported a positive cash flow from operatings.
1.2 Ratios
AHH has a Return On Assets (0.59%) which is in line with its industry peers.
AHH's Return On Equity of 2.37% is in line compared to the rest of the industry. AHH outperforms 51.56% of its industry peers.
With a Return On Invested Capital value of 2.78%, AHH perfoms like the industry average, outperforming 49.22% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for AHH is in line with the industry average of 3.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.59% | ||
| ROE | 2.37% | ||
| ROIC | 2.78% |
ROA(3y)1.22%
ROA(5y)1.06%
ROE(3y)4.26%
ROE(5y)3.76%
ROIC(3y)3.02%
ROIC(5y)2.68%
1.3 Margins
The Profit Margin of AHH (3.32%) is comparable to the rest of the industry.
AHH's Profit Margin has declined in the last couple of years.
AHH has a Operating Margin of 17.49%. This is in the lower half of the industry: AHH underperforms 60.16% of its industry peers.
In the last couple of years the Operating Margin of AHH has declined.
With a Gross Margin value of 42.97%, AHH is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of AHH has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.49% | ||
| PM (TTM) | 3.32% | ||
| GM | 42.97% |
OM growth 3Y-5.03%
OM growth 5Y-3%
PM growth 3Y-2.11%
PM growth 5Y-16.54%
GM growth 3Y-13.85%
GM growth 5Y-7.04%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AHH is destroying value.
AHH has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, AHH has more shares outstanding
Compared to 1 year ago, AHH has an improved debt to assets ratio.
2.2 Solvency
AHH has an Altman-Z score of 0.36. This is a bad value and indicates that AHH is not financially healthy and even has some risk of bankruptcy.
AHH has a Altman-Z score of 0.36. This is comparable to the rest of the industry: AHH outperforms 43.75% of its industry peers.
The Debt to FCF ratio of AHH is 3036.42, which is on the high side as it means it would take AHH, 3036.42 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 3036.42, AHH perfoms like the industry average, outperforming 58.59% of the companies in the same industry.
A Debt/Equity ratio of 2.42 is on the high side and indicates that AHH has dependencies on debt financing.
AHH's Debt to Equity ratio of 2.42 is on the low side compared to the rest of the industry. AHH is outperformed by 75.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.42 | ||
| Debt/FCF | 3036.42 | ||
| Altman-Z | 0.36 |
ROIC/WACC0.41
WACC6.85%
2.3 Liquidity
AHH has a Current Ratio of 1.00. This is a normal value and indicates that AHH is financially healthy and should not expect problems in meeting its short term obligations.
AHH has a Current ratio (1.00) which is comparable to the rest of the industry.
A Quick Ratio of 0.97 indicates that AHH may have some problems paying its short term obligations.
AHH has a Quick ratio (0.97) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
AHH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 284.21%, which is quite impressive.
AHH shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.62% yearly.
Looking at the last year, AHH shows a very negative growth in Revenue. The Revenue has decreased by -39.94% in the last year.
Measured over the past years, AHH shows a very strong growth in Revenue. The Revenue has been growing by 22.46% on average per year.
EPS 1Y (TTM)284.21%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%63.64%
Revenue 1Y (TTM)-39.94%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%0.18%
3.2 Future
The Earnings Per Share is expected to decrease by -15.24% on average over the next years. This is quite bad
Based on estimates for the next years, AHH will show a small growth in Revenue. The Revenue will grow by 4.19% on average per year.
EPS Next Y-100%
EPS Next 2Y-27.9%
EPS Next 3Y-15.24%
EPS Next 5YN/A
Revenue Next Year3.68%
Revenue Next 2Y4.18%
Revenue Next 3Y4.59%
Revenue Next 5Y4.19%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 19.83, AHH is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of AHH indicates a rather cheap valuation: AHH is cheaper than 81.25% of the companies listed in the same industry.
AHH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.56.
The Price/Forward Earnings ratio is 39.26, which means the current valuation is very expensive for AHH.
Based on the Price/Forward Earnings ratio, AHH is valued a bit cheaper than the industry average as 65.63% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.79. AHH is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.83 | ||
| Fwd PE | 39.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AHH is valued a bit cheaper than the industry average as 66.41% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AHH is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1383.59 | ||
| EV/EBITDA | 13.03 |
4.3 Compensation for Growth
AHH's earnings are expected to decrease with -15.24% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-27.9%
EPS Next 3Y-15.24%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.15%, AHH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.20, AHH pays a bit more dividend than its industry peers.
AHH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.15% |
5.2 History
The dividend of AHH decreases each year by -0.20%.
AHH has paid a dividend for at least 10 years, which is a reliable track record.
AHH has decreased its dividend recently.
Dividend Growth(5Y)-0.2%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AHH pays out 600.47% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of AHH has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP600.47%
EPS Next 2Y-27.9%
EPS Next 3Y-15.24%
6.94
+0.07 (+1.02%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners78.14%
Inst Owner Change-2.8%
Ins Owners0.63%
Ins Owner Change-2.56%
Market Cap719.47M
Revenue(TTM)454.59M
Net Income(TTM)15.11M
Analysts80
Price Target8.16 (17.58%)
Short Float %2.67%
Short Ratio2.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.15% |
Yearly Dividend1.15
Dividend Growth(5Y)-0.2%
DP600.47%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)110.59%
Min EPS beat(2)-188.01%
Max EPS beat(2)409.19%
EPS beat(4)2
Avg EPS beat(4)157.94%
Min EPS beat(4)-347.52%
Max EPS beat(4)758.09%
EPS beat(8)3
Avg EPS beat(8)54.5%
EPS beat(12)5
Avg EPS beat(12)33.16%
EPS beat(16)9
Avg EPS beat(16)63.63%
Revenue beat(2)2
Avg Revenue beat(2)28.6%
Min Revenue beat(2)1.58%
Max Revenue beat(2)55.62%
Revenue beat(4)2
Avg Revenue beat(4)12.67%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)55.62%
Revenue beat(8)5
Avg Revenue beat(8)6.25%
Revenue beat(12)8
Avg Revenue beat(12)19.37%
Revenue beat(16)12
Avg Revenue beat(16)34.41%
PT rev (1m)-3.61%
PT rev (3m)-3.61%
EPS NQ rev (1m)-44.44%
EPS NQ rev (3m)-44.44%
EPS NY rev (1m)N/A
EPS NY rev (3m)-100%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)1.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.83 | ||
| Fwd PE | 39.26 | ||
| P/S | 1.58 | ||
| P/FCF | 1383.59 | ||
| P/OCF | 12.34 | ||
| P/B | 1.13 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 13.03 |
EPS(TTM)0.35
EY5.04%
EPS(NY)0.18
Fwd EY2.55%
FCF(TTM)0.01
FCFY0.07%
OCF(TTM)0.56
OCFY8.1%
SpS4.38
BVpS6.16
TBVpS5.39
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.59% | ||
| ROE | 2.37% | ||
| ROCE | 3.27% | ||
| ROIC | 2.78% | ||
| ROICexc | 2.84% | ||
| ROICexgc | 3.02% | ||
| OM | 17.49% | ||
| PM (TTM) | 3.32% | ||
| GM | 42.97% | ||
| FCFM | 0.11% |
ROA(3y)1.22%
ROA(5y)1.06%
ROE(3y)4.26%
ROE(5y)3.76%
ROIC(3y)3.02%
ROIC(5y)2.68%
ROICexc(3y)3.1%
ROICexc(5y)2.75%
ROICexgc(3y)3.34%
ROICexgc(5y)2.94%
ROCE(3y)3.55%
ROCE(5y)3.15%
ROICexgc growth 3Y20.77%
ROICexgc growth 5Y12.99%
ROICexc growth 3Y20.3%
ROICexc growth 5Y12.79%
OM growth 3Y-5.03%
OM growth 5Y-3%
PM growth 3Y-2.11%
PM growth 5Y-16.54%
GM growth 3Y-13.85%
GM growth 5Y-7.04%
F-Score6
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.42 | ||
| Debt/FCF | 3036.42 | ||
| Debt/EBITDA | 8.95 | ||
| Cap/Depr | 61.9% | ||
| Cap/Sales | 12.71% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 33.73% | ||
| Profit Quality | 3.44% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 0.36 |
F-Score6
WACC6.85%
ROIC/WACC0.41
Cap/Depr(3y)149.29%
Cap/Depr(5y)164.85%
Cap/Sales(3y)23.05%
Cap/Sales(5y)29.19%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)284.21%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%63.64%
EPS Next Y-100%
EPS Next 2Y-27.9%
EPS Next 3Y-15.24%
EPS Next 5YN/A
Revenue 1Y (TTM)-39.94%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%0.18%
Revenue Next Year3.68%
Revenue Next 2Y4.18%
Revenue Next 3Y4.59%
Revenue Next 5Y4.19%
EBIT growth 1Y-2.16%
EBIT growth 3Y28.78%
EBIT growth 5Y18.79%
EBIT Next Year76.42%
EBIT Next 3Y25.9%
EBIT Next 5Y18.02%
FCF growth 1Y-92%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-50.13%
OCF growth 3Y7.09%
OCF growth 5Y10.6%
ARMADA HOFFLER PROPERTIES IN / AHH FAQ
What is the ChartMill fundamental rating of ARMADA HOFFLER PROPERTIES IN (AHH) stock?
ChartMill assigns a fundamental rating of 3 / 10 to AHH.
What is the valuation status for AHH stock?
ChartMill assigns a valuation rating of 3 / 10 to ARMADA HOFFLER PROPERTIES IN (AHH). This can be considered as Overvalued.
What is the profitability of AHH stock?
ARMADA HOFFLER PROPERTIES IN (AHH) has a profitability rating of 3 / 10.
What is the earnings growth outlook for ARMADA HOFFLER PROPERTIES IN?
The Earnings per Share (EPS) of ARMADA HOFFLER PROPERTIES IN (AHH) is expected to decline by -100% in the next year.
Is the dividend of ARMADA HOFFLER PROPERTIES IN sustainable?
The dividend rating of ARMADA HOFFLER PROPERTIES IN (AHH) is 5 / 10 and the dividend payout ratio is 600.47%.