ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis
USA - NYSE:AHH - US04208T1088 - REIT
6.61 USD
0 (0%)
6.61 USD
0 (0%)
Overall AHH gets a fundamental rating of 3 out of 10. We evaluated AHH against 129 industry peers in the Diversified REITs industry. AHH has a bad profitability rating. Also its financial health evaluation is rather negative. AHH is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AHH was profitable.
AHH had a positive operating cash flow in the past year.
Of the past 5 years AHH 4 years were profitable.
In the past 5 years AHH always reported a positive cash flow from operatings.
1.2 Ratios
AHH has a Return On Assets (0.39%) which is in line with its industry peers.
With a Return On Equity value of 1.53%, AHH perfoms like the industry average, outperforming 49.61% of the companies in the same industry.
AHH's Return On Invested Capital of 2.85% is in line compared to the rest of the industry. AHH outperforms 58.14% of its industry peers.
AHH had an Average Return On Invested Capital over the past 3 years of 3.02%. This is in line with the industry average of 3.01%.
| 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 (1.83%) which is in line with its industry peers.
In the last couple of years the Profit Margin of AHH has declined.
AHH has a worse Operating Margin (14.80%) than 65.89% of its industry peers.
In the last couple of years the Operating Margin of AHH has declined.
With a Gross Margin value of 36.25%, AHH is not doing good in the industry: 85.27% of the companies in the same industry are doing better.
AHH's Gross Margin has declined in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AHH is destroying value.
Compared to 1 year ago, AHH has more shares outstanding
The number of shares outstanding for AHH has been increased compared to 5 years ago.
AHH has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.40, we must say that AHH is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of AHH (0.40) is comparable to the rest of the 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.
Looking at the Debt to FCF ratio, with a value of 485.47, AHH is in line with its industry, outperforming 55.04% of the companies in the same industry.
A Debt/Equity ratio of 2.31 is on the high side and indicates that AHH has dependencies on debt financing.
AHH has a worse Debt to Equity ratio (2.31) than 76.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.31 | ||
| Debt/FCF | 485.47 | ||
| Altman-Z | 0.4 |
ROIC/WACC0.42
WACC6.81%
2.3 Liquidity
A Current Ratio of 1.00 indicates that AHH may have some problems paying its short term obligations.
AHH has a Current ratio of 1.00. This is comparable to the rest of the industry: AHH outperforms 51.16% of its industry peers.
AHH has a Quick Ratio of 1.00. This is a bad value and indicates that AHH is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of AHH (0.97) is comparable to the rest of the industry.
| 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 1500.00% over the past year.
The Earnings Per Share has been decreasing by -3.62% on average over the past years.
The Revenue for AHH has decreased by -25.72% in the past year. This is quite bad
AHH shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.46% yearly.
EPS 1Y (TTM)1500%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%800%
Revenue 1Y (TTM)-25.72%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%60.06%
3.2 Future
The Earnings Per Share is expected to decrease by -15.93% on average over the next years. This is quite bad
AHH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.96% yearly.
EPS Next Y-100%
EPS Next 2Y-24.87%
EPS Next 3Y-15.93%
EPS Next 5YN/A
Revenue Next Year3.68%
Revenue Next 2Y3.14%
Revenue Next 3Y4.06%
Revenue Next 5Y3.96%
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.
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 23.61, which indicates a rather expensive current valuation of AHH.
Based on the Price/Earnings ratio, AHH is valued a bit cheaper than 77.52% of the companies in the same industry.
AHH's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.40.
AHH is valuated quite expensively with a Price/Forward Earnings ratio of 34.45.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AHH indicates a somewhat cheap valuation: AHH is cheaper than 70.54% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.94. AHH is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.61 | ||
| Fwd PE | 34.45 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AHH indicates a somewhat cheap valuation: AHH is cheaper than 71.32% of the companies listed 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 | 216.01 | ||
| EV/EBITDA | 12.44 |
4.3 Compensation for Growth
AHH's earnings are expected to decrease with -15.93% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-24.87%
EPS Next 3Y-15.93%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.47%, AHH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.99, 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.47% |
5.2 History
The dividend of AHH decreases each year by -0.20%.
AHH has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of AHH decreased recently.
Dividend Growth(5Y)-0.2%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AHH pays out 835.66% of its income as dividend. This is not a sustainable payout ratio.
AHH's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP835.66%
EPS Next 2Y-24.87%
EPS Next 3Y-15.93%
6.61
0 (0%)
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-1.7%
Ins Owners1%
Ins Owner Change-2.56%
Market Cap685.19M
Analysts80
Price Target8.47 (28.14%)
Short Float %2.09%
Short Ratio2.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.47% |
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)-3.77%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.5%
EPS NY rev (1m)-100%
EPS NY rev (3m)-100%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.61 | ||
| Fwd PE | 34.45 | ||
| P/S | 1.25 | ||
| P/FCF | 216.01 | ||
| P/OCF | 11.54 | ||
| P/B | 1.05 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 12.44 |
EPS(TTM)0.28
EY4.24%
EPS(NY)0.19
Fwd EY2.9%
FCF(TTM)0.03
FCFY0.46%
OCF(TTM)0.57
OCFY8.66%
SpS5.27
BVpS6.29
TBVpS5.48
PEG (NY)N/A
PEG (5Y)N/A
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%
ROICexcg growth 3Y20.77%
ROICexcg 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 | 0.4 |
F-Score6
WACC6.81%
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)1500%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%800%
EPS Next Y-100%
EPS Next 2Y-24.87%
EPS Next 3Y-15.93%
EPS Next 5YN/A
Revenue 1Y (TTM)-25.72%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%60.06%
Revenue Next Year3.68%
Revenue Next 2Y3.14%
Revenue Next 3Y4.06%
Revenue Next 5Y3.96%
EBIT growth 1Y3.11%
EBIT growth 3Y28.78%
EBIT growth 5Y18.79%
EBIT Next Year82.44%
EBIT Next 3Y27.51%
EBIT Next 5Y17.42%
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%