ARMADA HOFFLER PROPERTIES IN (AHH)
US04208T1088 - REIT
We assign a fundamental rating of 4 out of 10 to AHH. AHH was compared to 130 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 has reported negative net income.
AHH had a positive operating cash flow in the past year.
Of the past 5 years AHH 4 years were profitable.
Each year in the past 5 years AHH had a positive operating cash flow.
1.2 Ratios
AHH has a worse Return On Assets (-0.57%) than 67.19% of its industry peers.
AHH has a worse Return On Equity (-2.19%) than 68.75% of its industry peers.
With a Return On Invested Capital value of 2.97%, AHH perfoms like the industry average, outperforming 58.59% 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 3.08%.
The 3 year average ROIC (2.52%) for AHH is below the current ROIC(2.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.57% | ||
| ROE | -2.19% | ||
| ROIC | 2.97% |
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
The Operating Margin of AHH (10.91%) is worse than 78.91% of its industry peers.
AHH's Operating Margin has declined in the last couple of years.
AHH has a worse Gross Margin (26.72%) than 92.97% of its industry peers.
AHH's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.91% | ||
| PM (TTM) | N/A | ||
| GM | 26.72% |
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
AHH has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AHH has been reduced compared to 1 year ago.
The number of shares outstanding for AHH has been increased compared to 5 years ago.
The debt/assets ratio for AHH is higher compared to a year ago.
2.2 Solvency
AHH has an Altman-Z score of 0.61. 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 0.61, AHH perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Debt to FCF ratio of AHH is 42.85, which is on the high side as it means it would take AHH, 42.85 years of fcf income to pay off all of its debts.
AHH's Debt to FCF ratio of 42.85 is in line compared to the rest of the industry. AHH outperforms 56.25% of its industry peers.
AHH has a Debt/Equity ratio of 2.14. This is a high value indicating a heavy dependency on external financing.
AHH has a worse Debt to Equity ratio (2.14) than 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.14 | ||
| Debt/FCF | 42.85 | ||
| Altman-Z | 0.61 |
ROIC/WACC0.52
WACC5.72%
2.3 Liquidity
A Current Ratio of 1.04 indicates that AHH should not have too much problems paying its short term obligations.
With a Current ratio value of 1.04, AHH is not doing good in the industry: 60.94% of the companies in the same industry are doing better.
A Quick Ratio of 1.04 indicates that AHH should not have too much problems paying its short term obligations.
AHH has a Quick ratio of 1.04. This is comparable to the rest of the industry: AHH outperforms 43.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
AHH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -154.29%.
AHH shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.58%.
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)-154.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-283.33%
Revenue 1Y (TTM)20.58%
Revenue growth 3Y20.26%
Revenue growth 5Y28.11%
Sales Q2Q%9.04%
3.2 Future
Based on estimates for the next years, AHH will show a very strong growth in Earnings Per Share. The EPS will grow by 91.75% on average per year.
Based on estimates for the next years, AHH will show a small growth in Revenue. The Revenue will grow by 6.02% on average per year.
EPS Next Y483.8%
EPS Next 2Y128.74%
EPS Next 3Y91.75%
EPS Next 5YN/A
Revenue Next Year6.86%
Revenue Next 2Y6.54%
Revenue Next 3Y6.02%
Revenue Next 5YN/A
3.3 Evolution
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
AHH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 63.43, AHH can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AHH is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.83. AHH is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 63.43 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AHH is valued a bit cheaper than the industry average as 60.16% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, AHH is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.34 | ||
| EV/EBITDA | 13.15 |
4.3 Compensation for Growth
AHH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AHH's earnings are expected to grow with 91.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y128.74%
EPS Next 3Y91.75%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.98%, AHH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 15.49, AHH pays a better dividend. On top of this AHH pays more dividend than 84.38% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, AHH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.98% |
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.
The dividend of AHH decreased recently.
Dividend Growth(5Y)2.19%
Div Incr Years1
Div Non Decr Years1
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-570.14%
EPS Next 2Y128.74%
EPS Next 3Y91.75%
ARMADA HOFFLER PROPERTIES IN
NYSE:AHH (12/20/2024, 8:04:00 PM)
After market: 10.25 0 (0%)10.25
-0.02 (-0.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners76.04%
Inst Owner Change16.48%
Ins Owners1.62%
Ins Owner Change45.87%
Market Cap1.04B
Analysts80
Price Target11.99 (16.98%)
Short Float %1.39%
Short Ratio1.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.98% |
Dividend Growth(5Y)2.19%
DP-570.14%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-172.76%
Min EPS beat(2)-281.52%
Max EPS beat(2)-64%
EPS beat(4)1
Avg EPS beat(4)-48.93%
Min EPS beat(4)-511.27%
Max EPS beat(4)661.06%
EPS beat(8)3
Avg EPS beat(8)-29.22%
EPS beat(12)7
Avg EPS beat(12)32.19%
EPS beat(16)9
Avg EPS beat(16)20.49%
Revenue beat(2)2
Avg Revenue beat(2)2.82%
Min Revenue beat(2)1.16%
Max Revenue beat(2)4.47%
Revenue beat(4)3
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-7.13%
Max Revenue beat(4)4.47%
Revenue beat(8)6
Avg Revenue beat(8)22.72%
Revenue beat(12)10
Avg Revenue beat(12)41.66%
Revenue beat(16)14
Avg Revenue beat(16)49.95%
PT rev (1m)3.07%
PT rev (3m)-0.84%
EPS NQ rev (1m)-11.77%
EPS NQ rev (3m)266.67%
EPS NY rev (1m)-28.75%
EPS NY rev (3m)-28.75%
Revenue NQ rev (1m)2.85%
Revenue NQ rev (3m)8.18%
Revenue NY rev (1m)1.46%
Revenue NY rev (3m)2.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 63.43 | ||
| P/S | 1.37 | ||
| P/FCF | 31.34 | ||
| P/OCF | 9.78 | ||
| P/B | 1.57 | ||
| P/tB | 1.84 | ||
| EV/EBITDA | 13.15 |
EPS(TTM)-0.19
EYN/A
EPS(NY)0.16
Fwd EY1.58%
FCF(TTM)0.33
FCFY3.19%
OCF(TTM)1.05
OCFY10.22%
SpS7.47
BVpS6.55
TBVpS5.59
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.57% | ||
| ROE | -2.19% | ||
| ROCE | 3.49% | ||
| ROIC | 2.97% | ||
| ROICexc | 3.03% | ||
| ROICexgc | 3.25% | ||
| OM | 10.91% | ||
| PM (TTM) | N/A | ||
| GM | 26.72% | ||
| FCFM | 4.38% |
ROA(3y)1.07%
ROA(5y)1.11%
ROE(3y)3.68%
ROE(5y)4.1%
ROIC(3y)2.52%
ROIC(5y)2.36%
ROICexc(3y)2.56%
ROICexc(5y)2.41%
ROICexgc(3y)2.76%
ROICexgc(5y)2.57%
ROCE(3y)2.95%
ROCE(5y)2.77%
ROICexcg growth 3Y7.54%
ROICexcg growth 5Y5.36%
ROICexc growth 3Y6.86%
ROICexc growth 5Y4.65%
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%
F-Score5
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.14 | ||
| Debt/FCF | 42.85 | ||
| Debt/EBITDA | 7.71 | ||
| Cap/Depr | 72.2% | ||
| Cap/Sales | 9.66% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 57.8% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 0.61 |
F-Score5
WACC5.72%
ROIC/WACC0.52
Cap/Depr(3y)192.9%
Cap/Depr(5y)257.81%
Cap/Sales(3y)36.38%
Cap/Sales(5y)50.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-154.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-283.33%
EPS Next Y483.8%
EPS Next 2Y128.74%
EPS Next 3Y91.75%
EPS Next 5YN/A
Revenue 1Y (TTM)20.58%
Revenue growth 3Y20.26%
Revenue growth 5Y28.11%
Sales Q2Q%9.04%
Revenue Next Year6.86%
Revenue Next 2Y6.54%
Revenue Next 3Y6.02%
Revenue Next 5YN/A
EBIT growth 1Y-1.45%
EBIT growth 3Y18.76%
EBIT growth 5Y19.72%
EBIT Next Year114.99%
EBIT Next 3Y32.74%
EBIT Next 5YN/A
FCF growth 1Y138.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.91%
OCF growth 3Y0.77%
OCF growth 5Y10.71%