ARMADA HOFFLER PROPERTIES IN (AHH)
US04208T1088 - REIT
AHH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. AHH has a bad profitability rating. Also its financial health evaluation is rather negative. AHH has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AHH has reported negative net income.
In the past year AHH had a positive cash flow from operations.
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 (-0.10%) which is in line with its industry peers.
AHH's Return On Equity of -0.45% is on the low side compared to the rest of the industry. AHH is outperformed by 60.63% of its industry peers.
The Return On Invested Capital of AHH (2.84%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for AHH is in line with the industry average of 3.04%.
The 3 year average ROIC (2.52%) for AHH is below the current ROIC(2.84%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.1% | ||
| ROE | -0.45% | ||
| ROIC | 2.84% |
ROA(3y)1.07%
ROA(5y)1.11%
ROE(3y)3.68%
ROE(5y)4.1%
ROIC(3y)2.52%
ROIC(5y)2.36%
1.3 Margins
AHH has a worse Operating Margin (10.64%) than 77.95% of its industry peers.
In the last couple of years the Operating Margin of AHH has declined.
The Gross Margin of AHH (26.89%) is worse than 92.91% of its industry peers.
AHH's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.64% | ||
| PM (TTM) | N/A | ||
| GM | 26.89% |
OM growth 3Y-1.24%
OM growth 5Y-6.56%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.53%
GM growth 5Y-7.59%
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 less shares outstanding than it did 1 year ago.
The number of shares outstanding for AHH has been increased compared to 5 years ago.
AHH has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.58, 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 0.58, AHH is in line with its industry, outperforming 45.67% of the companies in the same industry.
AHH has a debt to FCF ratio of 35.14. This is a negative value and a sign of low solvency as AHH would need 35.14 years to pay back of all of its debts.
AHH has a better Debt to FCF ratio (35.14) than 62.99% of its industry peers.
AHH has a Debt/Equity ratio of 2.63. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of AHH (2.63) is worse than 80.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.63 | ||
| Debt/FCF | 35.14 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.48
WACC5.98%
2.3 Liquidity
AHH has a Current Ratio of 0.76. This is a bad value and indicates that AHH is not financially healthy enough and could expect problems in meeting its short term obligations.
AHH's Current ratio of 0.76 is on the low side compared to the rest of the industry. AHH is outperformed by 71.65% of its industry peers.
A Quick Ratio of 0.76 indicates that AHH may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.76, AHH is doing worse than 71.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
AHH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -102.99%.
Looking at the last year, AHH shows a very strong growth in Revenue. The Revenue has grown by 25.04%.
Measured over the past years, AHH shows a very strong growth in Revenue. The Revenue has been growing by 28.11% on average per year.
EPS 1Y (TTM)-102.99%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-84.62%
Revenue 1Y (TTM)25.04%
Revenue growth 3Y20.26%
Revenue growth 5Y28.11%
Sales Q2Q%5.53%
3.2 Future
The Earnings Per Share is expected to grow by 112.35% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 5.62% on average over the next years.
EPS Next Y638.67%
EPS Next 2Y165.52%
EPS Next 3Y112.35%
EPS Next 5YN/A
Revenue Next Year4.87%
Revenue Next 2Y4.6%
Revenue Next 3Y5.62%
Revenue Next 5YN/A
3.3 Evolution
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
AHH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 43.21, AHH can be considered very expensive at the moment.
AHH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AHH is cheaper than 66.14% of the companies in the same industry.
AHH is valuated expensively when we compare the Price/Forward Earnings ratio to 23.28, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 43.21 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AHH is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AHH indicates a somewhat cheap valuation: AHH is cheaper than 70.87% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.71 | ||
| EV/EBITDA | 14.45 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as AHH's earnings are expected to grow with 112.35% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y165.52%
EPS Next 3Y112.35%
5. Dividend
5.1 Amount
AHH has a Yearly Dividend Yield of 7.57%, which is a nice return.
AHH's Dividend Yield is rather good when compared to the industry average which is at 5.97. AHH pays more dividend than 83.46% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.26, AHH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.57% |
5.2 History
The dividend of AHH has a limited annual growth rate of 2.19%.
AHH has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.19%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of AHH are negative and hence is the payout ratio. AHH will probably not be able to sustain this dividend level.
The dividend of AHH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-3234.47%
EPS Next 2Y165.52%
EPS Next 3Y112.35%
ARMADA HOFFLER PROPERTIES IN
NYSE:AHH (11/4/2024, 8:04:00 PM)
After market: 10.91 0 (0%)10.91
+0.16 (+1.49%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.11B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.57% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 43.21 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.1% | ||
| ROE | -0.45% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.64% | ||
| PM (TTM) | N/A | ||
| GM | 26.89% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.63 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-102.99%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y638.67%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)25.04%
Revenue growth 3Y20.26%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y