ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis
USA - NYSE:AHH - US04208T1088 - REIT
6.25 USD
-0.03 (-0.48%)
6.25 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to AHH. AHH was compared to 128 industry peers in the Diversified REITs industry. Both the profitability and financial health of AHH have multiple concerns. AHH has a decent growth rate and is not valued too expensively.
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.
AHH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.39%, AHH perfoms like the industry average, outperforming 48.44% of the companies in the same industry.
AHH has a Return On Equity of 1.53%. This is comparable to the rest of the industry: AHH outperforms 49.22% of its industry peers.
With a Return On Invested Capital value of 2.85%, AHH perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AHH is in line with the industry average of 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 1.53% | ||
| ROIC | 2.85% |
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
AHH has a Profit Margin of 1.83%. This is comparable to the rest of the industry: AHH outperforms 46.09% of its industry peers.
AHH's Profit Margin has declined in the last couple of years.
AHH has a Operating Margin of 14.80%. This is in the lower half of the industry: AHH underperforms 65.63% of its industry peers.
AHH's Operating Margin has declined in the last couple of years.
The Gross Margin of AHH (36.25%) is worse than 85.16% of its industry peers.
In the last couple of years the Gross Margin of AHH has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.8% | ||
| PM (TTM) | 1.83% | ||
| GM | 36.25% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AHH is destroying value.
Compared to 1 year ago, AHH has more shares outstanding
Compared to 5 years ago, AHH has more shares outstanding
The debt/assets ratio for AHH has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.38, we must say that AHH is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.38, AHH is in line with its industry, outperforming 43.75% of the companies in the same industry.
AHH has a debt to FCF ratio of 485.47. This is a negative value and a sign of low solvency as AHH would need 485.47 years to pay back of all of its debts.
AHH has a Debt to FCF ratio (485.47) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.31 is on the high side and indicates that AHH has dependencies on debt financing.
AHH's Debt to Equity ratio of 2.31 is on the low side compared to the rest of the industry. AHH is outperformed by 74.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.31 | ||
| Debt/FCF | 485.47 | ||
| Altman-Z | 0.38 |
ROIC/WACC0.42
WACC6.8%
2.3 Liquidity
A Current Ratio of 1.00 indicates that AHH may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.00, AHH is in line with its industry, outperforming 53.13% of the companies in the same industry.
A Quick Ratio of 0.97 indicates that AHH may have some problems paying its short term obligations.
AHH's Quick ratio of 0.97 is in line compared to the rest of the industry. AHH outperforms 52.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 284.21% over the past year.
The Earnings Per Share has been decreasing by -3.62% on average over the past years.
AHH shows a small growth in Revenue. In the last year, the Revenue has grown by 6.19%.
The Revenue has been growing by 22.46% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)284.21%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%63.64%
Revenue 1Y (TTM)6.19%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%0.18%
3.2 Future
AHH is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.84% yearly.
The Revenue is expected to grow by 3.90% on average over the next years.
EPS Next Y-100%
EPS Next 2Y-13.82%
EPS Next 3Y-8.84%
EPS Next 5YN/A
Revenue Next Year3.68%
Revenue Next 2Y3.45%
Revenue Next 3Y3.98%
Revenue Next 5Y3.9%
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 17.86, 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 86.72% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.89. AHH is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 24.75, which indicates a rather expensive current valuation of AHH.
Based on the Price/Forward Earnings ratio, AHH is valued cheaper than 84.38% of the companies in the same industry.
AHH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.86 | ||
| Fwd PE | 24.75 |
4.2 Price Multiples
AHH's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AHH is cheaper than 71.09% of the companies in the same industry.
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 | 204.25 | ||
| EV/EBITDA | 12.22 |
4.3 Compensation for Growth
AHH's earnings are expected to decrease with -8.84% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.82%
EPS Next 3Y-8.84%
5. Dividend
5.1 Amount
AHH has a Yearly Dividend Yield of 8.92%, which is a nice return.
Compared to an average industry Dividend Yield of 6.49, AHH pays a better dividend. On top of this AHH pays more dividend than 86.72% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, AHH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.92% |
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
835.66% of the earnings are spent on dividend by AHH. 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.
DP835.66%
EPS Next 2Y-13.82%
EPS Next 3Y-8.84%
6.25
-0.03 (-0.48%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners80%
Inst Owner Change-2.85%
Ins Owners1%
Ins Owner Change-2.81%
Market Cap647.88M
Revenue(TTM)708.47M
Net Income(TTM)10.00M
Analysts80
Price Target8.47 (35.52%)
Short Float %2.52%
Short Ratio3.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.92% |
Yearly Dividend1.15
Dividend Growth(5Y)-0.2%
DP835.66%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)30.83%
Min EPS beat(2)-347.52%
Max EPS beat(2)409.19%
EPS beat(4)2
Avg EPS beat(4)134.56%
Min EPS beat(4)-347.52%
Max EPS beat(4)758.09%
EPS beat(8)3
Avg EPS beat(8)73.46%
EPS beat(12)6
Avg EPS beat(12)69.66%
EPS beat(16)10
Avg EPS beat(16)76.09%
Revenue beat(2)1
Avg Revenue beat(2)27.8%
Min Revenue beat(2)-0.02%
Max Revenue beat(2)55.62%
Revenue beat(4)2
Avg Revenue beat(4)13.39%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)55.62%
Revenue beat(8)5
Avg Revenue beat(8)6.53%
Revenue beat(12)8
Avg Revenue beat(12)29.99%
Revenue beat(16)12
Avg Revenue beat(16)36.86%
PT rev (1m)0%
PT rev (3m)-1.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.5%
EPS NY rev (1m)N/A
EPS NY rev (3m)-100%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.86 | ||
| Fwd PE | 24.75 | ||
| P/S | 1.19 | ||
| P/FCF | 204.25 | ||
| P/OCF | 10.92 | ||
| P/B | 0.99 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 12.22 |
EPS(TTM)0.35
EY5.6%
EPS(NY)0.25
Fwd EY4.04%
FCF(TTM)0.03
FCFY0.49%
OCF(TTM)0.57
OCFY9.16%
SpS5.27
BVpS6.29
TBVpS5.48
PEG (NY)N/A
PEG (5Y)N/A
Graham Number7.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 1.53% | ||
| ROCE | 3.34% | ||
| ROIC | 2.85% | ||
| ROICexc | 2.91% | ||
| ROICexgc | 3.09% | ||
| OM | 14.8% | ||
| PM (TTM) | 1.83% | ||
| GM | 36.25% | ||
| FCFM | 0.58% |
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 Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.31 | ||
| Debt/FCF | 485.47 | ||
| Debt/EBITDA | 8.62 | ||
| Cap/Depr | 59.82% | ||
| Cap/Sales | 10.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 33.97% | ||
| Profit Quality | 31.73% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 0.38 |
F-Score6
WACC6.8%
ROIC/WACC0.42
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-13.82%
EPS Next 3Y-8.84%
EPS Next 5YN/A
Revenue 1Y (TTM)6.19%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%0.18%
Revenue Next Year3.68%
Revenue Next 2Y3.45%
Revenue Next 3Y3.98%
Revenue Next 5Y3.9%
EBIT growth 1Y3.11%
EBIT growth 3Y28.78%
EBIT growth 5Y18.79%
EBIT Next Year82.44%
EBIT Next 3Y27.51%
EBIT Next 5Y17.34%
FCF growth 1Y117.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-44.53%
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 4 / 10 to ARMADA HOFFLER PROPERTIES IN (AHH). This can be considered as Fairly Valued.
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 835.66%.