ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis
USA - NYSE:AHH - US04208T1088 - REIT
6.22 USD
-0.26 (-4.01%)
6.3 USD
+0.08 (+1.29%)
Taking everything into account, AHH scores 3 out of 10 in our fundamental rating. AHH was compared to 127 industry peers in the Diversified REITs industry. AHH may be in some trouble as it scores bad on both profitability and health. AHH has a correct valuation and a medium 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 of 0.39%. This is comparable to the rest of the industry: AHH outperforms 45.67% of its industry peers.
AHH has a Return On Equity of 1.53%. This is comparable to the rest of the industry: AHH outperforms 48.82% of its industry peers.
AHH has a Return On Invested Capital of 2.85%. This is comparable to the rest of the industry: AHH outperforms 55.12% 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 3.07%.
| 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 comparable to the rest of the industry.
In the last couple of years the Profit Margin of AHH has declined.
With a Operating Margin value of 14.80%, AHH is not doing good in the industry: 66.14% of the companies in the same industry are doing better.
AHH's Operating Margin has declined in the last couple of years.
AHH has a Gross Margin of 36.25%. This is amonst the worse of the industry: AHH underperforms 85.04% of its industry peers.
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
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
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 0.39. This is a bad value and indicates that AHH is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.39, AHH perfoms like the industry average, outperforming 43.31% of the companies in the same industry.
The Debt to FCF ratio of AHH is 485.47, which is on the high side as it means it would take AHH, 485.47 years of fcf income to pay off 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 53.54% 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 76.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.31 | ||
| Debt/FCF | 485.47 | ||
| Altman-Z | 0.39 |
ROIC/WACC0.42
WACC6.84%
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's Current ratio of 1.00 is in line compared to the rest of the industry. AHH outperforms 53.54% of its industry peers.
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 53.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
AHH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 457.89%, which is quite impressive.
Measured over the past years, AHH shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.62% on average per year.
AHH shows a small growth in Revenue. In the last year, the Revenue has grown by 6.19%.
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)457.89%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%363.64%
Revenue 1Y (TTM)6.19%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%0.18%
3.2 Future
Based on estimates for the next years, AHH will show a decrease in Earnings Per Share. The EPS will decrease by -8.84% on average per year.
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
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.
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
The Price/Earnings ratio is 9.15, which indicates a very decent valuation of AHH.
95.28% of the companies in the same industry are more expensive than AHH, based on the Price/Earnings ratio.
AHH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.67.
A Price/Forward Earnings ratio of 24.63 indicates a rather expensive valuation of AHH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AHH indicates a rather cheap valuation: AHH is cheaper than 83.46% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 31.86. AHH is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.15 | ||
| Fwd PE | 24.63 |
4.2 Price Multiples
AHH's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AHH is cheaper than 71.65% 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 | 203.27 | ||
| EV/EBITDA | 12.36 |
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 8.64%, which is a nice return.
AHH's Dividend Yield is rather good when compared to the industry average which is at 6.24. AHH pays more dividend than 85.04% of the companies in the same industry.
AHH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.64% |
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-13.82%
EPS Next 3Y-8.84%
6.22
-0.26 (-4.01%)
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-1.97%
Ins Owners1%
Ins Owner Change-2.56%
Market Cap644.77M
Revenue(TTM)708.47M
Net Income(TTM)10.00M
Analysts80
Price Target8.47 (36.17%)
Short Float %2.52%
Short Ratio3.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.64% |
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)-2.35%
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)2.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.15 | ||
| Fwd PE | 24.63 | ||
| P/S | 1.18 | ||
| P/FCF | 203.27 | ||
| P/OCF | 10.86 | ||
| P/B | 0.99 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 12.36 |
EPS(TTM)0.68
EY10.93%
EPS(NY)0.25
Fwd EY4.06%
FCF(TTM)0.03
FCFY0.49%
OCF(TTM)0.57
OCFY9.2%
SpS5.27
BVpS6.29
TBVpS5.48
PEG (NY)N/A
PEG (5Y)N/A
Graham Number9.81
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 | 0.39 |
F-Score6
WACC6.84%
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)457.89%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%363.64%
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 5 / 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%.