ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis
USA - NYSE:AHH - US04208T1088 - REIT
7.39 USD
-0.04 (-0.54%)
7.39 USD
0 (0%)
Taking everything into account, AHH scores 3 out of 10 in our fundamental rating. AHH was compared to 130 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
AHH had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of 0.39%, AHH is in line with its industry, outperforming 46.92% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.53%, AHH is in line with its industry, outperforming 50.00% of the companies in the same industry.
With a Return On Invested Capital value of 2.85%, AHH perfoms like the industry average, outperforming 56.92% 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 3.05%.
| 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
The Profit Margin of AHH (1.83%) is comparable to the rest of the industry.
AHH's Profit Margin has declined in the last couple of years.
The Operating Margin of AHH (14.80%) is worse than 66.15% of its industry peers.
In the last couple of years the Operating Margin of AHH has declined.
AHH has a worse Gross Margin (36.25%) than 85.38% 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
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.
The number of shares outstanding for AHH has been increased compared to 5 years ago.
Compared to 1 year ago, AHH has an improved debt to assets ratio.
2.2 Solvency
AHH has an Altman-Z score of 0.42. 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 0.42. This is comparable to the rest of the industry: AHH outperforms 44.62% of its industry peers.
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 54.62% 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 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.31 | ||
| Debt/FCF | 485.47 | ||
| Altman-Z | 0.42 |
ROIC/WACC0.4
WACC7.09%
2.3 Liquidity
AHH has a Current 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.
AHH has a Current ratio (1.00) which is in line with 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.
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
The Earnings Per Share has grown by an impressive 1500.00% over the past year.
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 -25.72% in the last year.
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
Based on estimates for the next years, AHH will show a very negative growth in Earnings Per Share. The EPS will decrease by -27.18% on average per year.
Based on estimates for the next years, AHH will show a small growth in Revenue. The Revenue will grow by 3.96% on average per year.
EPS Next Y-86.63%
EPS Next 2Y-39.06%
EPS Next 3Y-27.18%
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
With a Price/Earnings ratio of 26.39, AHH can be considered very expensive at the moment.
70.00% of the companies in the same industry are more expensive than AHH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.30, AHH is valued at the same level.
The Price/Forward Earnings ratio is 58.53, which means the current valuation is very expensive for AHH.
AHH's Price/Forward Earnings ratio is in line with the industry average.
AHH is valuated expensively when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.39 | ||
| Fwd PE | 58.53 |
4.2 Price Multiples
70.00% of the companies in the same industry are more expensive than AHH, based on the Enterprise Value to EBITDA ratio.
AHH's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 241.5 | ||
| EV/EBITDA | 12.92 |
4.3 Compensation for Growth
AHH's earnings are expected to decrease with -27.18% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-39.06%
EPS Next 3Y-27.18%
5. Dividend
5.1 Amount
AHH has a Yearly Dividend Yield of 7.61%, which is a nice return.
Compared to an average industry Dividend Yield of 6.66, AHH pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, AHH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.61% |
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
835.66% of the earnings are spent on dividend by AHH. 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-39.06%
EPS Next 3Y-27.18%
7.39
-0.04 (-0.54%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners84.55%
Inst Owner Change-3.85%
Ins Owners0.99%
Ins Owner Change8.32%
Market Cap766.05M
Analysts80
Price Target8.47 (14.61%)
Short Float %1.89%
Short Ratio1.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.61% |
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)-1.19%
PT rev (3m)-3.77%
EPS NQ rev (1m)12.5%
EPS NQ rev (3m)-10%
EPS NY rev (1m)-10%
EPS NY rev (3m)-62.5%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)5.5%
Revenue NY rev (1m)3.8%
Revenue NY rev (3m)5.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.39 | ||
| Fwd PE | 58.53 | ||
| P/S | 1.4 | ||
| P/FCF | 241.5 | ||
| P/OCF | 12.91 | ||
| P/B | 1.17 | ||
| P/tB | 1.35 | ||
| EV/EBITDA | 12.92 |
EPS(TTM)0.28
EY3.79%
EPS(NY)0.13
Fwd EY1.71%
FCF(TTM)0.03
FCFY0.41%
OCF(TTM)0.57
OCFY7.75%
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 | 0.42 |
F-Score6
WACC7.09%
ROIC/WACC0.4
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-86.63%
EPS Next 2Y-39.06%
EPS Next 3Y-27.18%
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 Year-42.32%
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%