ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AHH - US04208T1088 - REIT
6.75 USD
-0.13 (-1.89%)
6.75 USD
0 (0%)
Taking everything into account, AHH scores 3 out of 10 in our fundamental rating. AHH was compared to 128 industry peers in the Diversified REITs industry. Both the profitability and financial health of AHH have multiple concerns. 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.
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
Looking at the Return On Assets, with a value of 0.59%, AHH is in line with its industry, outperforming 46.88% of the companies in the same industry.
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.
AHH's Return On Invested Capital of 2.78% is in line compared to the rest of the industry. AHH outperforms 49.22% of its industry peers.
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
AHH has a Profit Margin (3.32%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AHH has declined.
Looking at the Operating Margin, with a value of 17.49%, AHH is doing worse than 60.16% of the companies in the same industry.
In the last couple of years the Operating Margin of AHH has declined.
Looking at the Gross Margin, with a value of 42.97%, AHH is doing worse than 81.25% of the companies in the same industry.
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.
The number of shares outstanding for AHH has been increased compared to 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 0.35. 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 (0.35) which is comparable to the rest of the industry.
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.
The Debt to FCF ratio of AHH (3036.42) is comparable to the rest of the industry.
A Debt/Equity ratio of 2.42 is on the high side and indicates that AHH has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.42, AHH is doing worse than 75.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.42 | ||
| Debt/FCF | 3036.42 | ||
| Altman-Z | 0.35 |
ROIC/WACC0.41
WACC6.84%
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's Current ratio of 1.00 is in line compared to the rest of the industry. AHH outperforms 50.78% of its industry peers.
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 in line with 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.
The Revenue for AHH has decreased by -39.94% in the past year. This is quite bad
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
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
Based on the Price/Earnings ratio of 19.29, the valuation of AHH can be described as rather expensive.
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 26.39.
Based on the Price/Forward Earnings ratio of 38.19, the valuation of AHH can be described as expensive.
AHH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AHH is cheaper than 66.41% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.84, AHH is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.29 | ||
| Fwd PE | 38.19 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AHH is valued a bit cheaper than 66.41% 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 | 1345.72 | ||
| EV/EBITDA | 12.92 |
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
AHH has a Yearly Dividend Yield of 8.14%, which is a nice return.
AHH's Dividend Yield is a higher than the industry average which is at 6.33.
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 | 8.14% |
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.
The dividend of AHH decreased 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%
6.75
-0.13 (-1.89%)
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-4.08%
Market Cap699.77M
Revenue(TTM)454.59M
Net Income(TTM)15.11M
Analysts80
Price Target8.16 (20.89%)
Short Float %2.84%
Short Ratio2.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.14% |
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 | 19.29 | ||
| Fwd PE | 38.19 | ||
| P/S | 1.54 | ||
| P/FCF | 1345.72 | ||
| P/OCF | 12 | ||
| P/B | 1.1 | ||
| P/tB | 1.25 | ||
| EV/EBITDA | 12.92 |
EPS(TTM)0.35
EY5.19%
EPS(NY)0.18
Fwd EY2.62%
FCF(TTM)0.01
FCFY0.07%
OCF(TTM)0.56
OCFY8.33%
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 | 0.35 |
F-Score6
WACC6.84%
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%.