ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AHH - US04208T1088 - REIT
6.27 USD
+0.24 (+3.98%)
6.26 USD
-0.01 (-0.16%)
Overall AHH gets a fundamental rating of 3 out of 10. We evaluated AHH against 128 industry peers in the Diversified REITs industry. Both the profitability and financial health of AHH have multiple concerns. AHH has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years AHH had a positive operating cash flow.
1.2 Ratios
AHH has a Return On Assets of 0.59%. This is comparable to the rest of the industry: AHH outperforms 50.00% of its industry peers.
Looking at the Return On Equity, with a value of 2.37%, AHH is in line with its industry, outperforming 54.69% of the companies in the same industry.
The Return On Invested Capital of AHH (2.78%) is comparable to the rest of the industry.
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 3.04%.
| 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
The Profit Margin of AHH (3.32%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AHH has declined.
AHH has a worse Operating Margin (17.49%) than 60.16% of its industry peers.
In the last couple of years the Operating Margin of AHH has declined.
AHH's Gross Margin of 42.97% is on the low side compared to the rest of the industry. AHH is outperformed by 81.25% of its industry peers.
AHH's Gross Margin has declined in the last couple of years.
| 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.
AHH has more shares outstanding than it did 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
Based on the Altman-Z score of 0.34, we must say that AHH is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of AHH (0.34) 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.
Looking at the Debt to FCF ratio, with a value of 3036.42, AHH is in line with its industry, outperforming 55.47% of the companies in the same industry.
A Debt/Equity ratio of 2.42 is on the high side and indicates that AHH has dependencies on debt financing.
AHH has a Debt to Equity ratio of 2.42. This is in the lower half of the industry: AHH underperforms 76.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.42 | ||
| Debt/FCF | 3036.42 | ||
| Altman-Z | 0.34 |
ROIC/WACC0.41
WACC6.75%
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.
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 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.
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.
Looking at the last year, AHH shows a very negative growth in Revenue. The Revenue has decreased by -39.94% in the last year.
The Revenue has been growing by 22.46% on average over the past years. This is a very strong growth!
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 -8.84% on average over the next years.
AHH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.90% yearly.
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.
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 is valuated rather expensively with a Price/Earnings ratio of 17.91.
AHH's Price/Earnings ratio is rather cheap when compared to the industry. AHH is cheaper than 86.72% of the companies in the same industry.
AHH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.45.
With a Price/Forward Earnings ratio of 24.83, AHH is valued on the expensive side.
Based on the Price/Forward Earnings ratio, AHH is valued cheaply inside the industry as 84.38% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of AHH to the average of the S&P500 Index (34.46), we can say AHH is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.91 | ||
| Fwd PE | 24.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AHH is valued a bit cheaper than the industry average as 67.97% of the companies are valued more expensively.
AHH's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1249.9 | ||
| EV/EBITDA | 12.63 |
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
With a Yearly Dividend Yield of 9.29%, AHH is a good candidate for dividend investing.
AHH's Dividend Yield is rather good when compared to the industry average which is at 6.59. AHH pays more dividend than 84.38% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, AHH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.29% |
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.
AHH's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP600.47%
EPS Next 2Y-13.82%
EPS Next 3Y-8.84%
6.27
+0.24 (+3.98%)
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-2.8%
Ins Owners1%
Ins Owner Change-2.56%
Market Cap649.95M
Revenue(TTM)454.59M
Net Income(TTM)15.11M
Analysts80
Price Target8.16 (30.14%)
Short Float %2.69%
Short Ratio3.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.29% |
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)-4.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)50%
EPS NY rev (1m)N/A
EPS NY rev (3m)-100%
Revenue NQ rev (1m)1.07%
Revenue NQ rev (3m)2.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.91 | ||
| Fwd PE | 24.83 | ||
| P/S | 1.43 | ||
| P/FCF | 1249.9 | ||
| P/OCF | 11.15 | ||
| P/B | 1.02 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | 12.63 |
EPS(TTM)0.35
EY5.58%
EPS(NY)0.25
Fwd EY4.03%
FCF(TTM)0.01
FCFY0.08%
OCF(TTM)0.56
OCFY8.97%
SpS4.39
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 | 0.34 |
F-Score6
WACC6.75%
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-13.82%
EPS Next 3Y-8.84%
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 2Y3.45%
Revenue Next 3Y3.98%
Revenue Next 5Y3.9%
EBIT growth 1Y-2.16%
EBIT growth 3Y28.78%
EBIT growth 5Y18.79%
EBIT Next Year82.44%
EBIT Next 3Y27.51%
EBIT Next 5Y17.34%
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 4 / 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 600.47%.