APARTMENT INVT & MGMT CO -A (AIV)
US03748R7474 - REIT
Taking everything into account, AIV scores 2 out of 10 in our fundamental rating. AIV was compared to 20 industry peers in the Residential REITs industry. Both the profitability and financial health of AIV have multiple concerns. AIV does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
AIV had negative earnings in the past year.
AIV had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AIV reported negative net income in multiple years.
Each year in the past 5 years AIV had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -11.81%, AIV is not doing good in the industry: 95.00% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -106.26%, AIV is doing worse than 90.00% of the companies in the same industry.
The Return On Invested Capital of AIV (0.11%) is worse than 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.81% | ||
| ROE | -106.26% | ||
| ROIC | 0.11% |
ROA(3y)-1.59%
ROA(5y)0.36%
ROE(3y)-11.7%
ROE(5y)-1.99%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AIV has a Operating Margin of 1.27%. This is amonst the worse of the industry: AIV underperforms 90.00% of its industry peers.
AIV's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 57.74%, AIV is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of AIV has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.27% | ||
| PM (TTM) | N/A | ||
| GM | 57.74% |
OM growth 3Y84.27%
OM growth 5Y-22.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.69%
GM growth 5Y-1.75%
2. Health
2.1 Basic Checks
AIV 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 AIV has been reduced compared to 1 year ago.
Compared to 5 years ago, AIV has less shares outstanding
AIV has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.36, we must say that AIV is in the distress zone and has some risk of bankruptcy.
AIV's Altman-Z score of 0.36 is on the low side compared to the rest of the industry. AIV is outperformed by 75.00% of its industry peers.
A Debt/Equity ratio of 5.97 is on the high side and indicates that AIV has dependencies on debt financing.
AIV has a Debt to Equity ratio of 5.97. This is amonst the worse of the industry: AIV underperforms 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.36 |
ROIC/WACC0.02
WACC5.82%
2.3 Liquidity
AIV has a Current Ratio of 0.81. This is a bad value and indicates that AIV is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of AIV (0.81) is better than 65.00% of its industry peers.
AIV has a Quick Ratio of 0.81. This is a bad value and indicates that AIV is not financially healthy enough and could expect problems in meeting its short term obligations.
AIV has a Quick ratio of 0.81. This is in the better half of the industry: AIV outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
AIV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.92%.
The Revenue has grown by 13.45% in the past year. This is quite good.
Measured over the past years, AIV shows a very negative growth in Revenue. The Revenue has been decreasing by -28.09% on average per year.
EPS 1Y (TTM)-19.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-700%
Revenue 1Y (TTM)13.45%
Revenue growth 3Y7.27%
Revenue growth 5Y-28.09%
Sales Q2Q%11.44%
3.2 Future
AIV is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -67.71% yearly.
Based on estimates for the next years, AIV will show a quite strong growth in Revenue. The Revenue will grow by 9.06% on average per year.
EPS Next Y-356.25%
EPS Next 2Y-67.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.62%
Revenue Next 2Y9.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AIV reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year AIV is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
AIV's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. AIV is more expensive than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 29.95 |
4.3 Compensation for Growth
A cheap valuation may be justified as AIV's earnings are expected to decrease with -67.71% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-67.71%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.67%, AIV is a good candidate for dividend investing.
AIV's Dividend Yield is rather good when compared to the industry average which is at 4.12. AIV pays more dividend than 95.00% of the companies in the same industry.
AIV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.67% |
5.2 History
AIV has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y-67.71%
EPS Next 3YN/A
APARTMENT INVT & MGMT CO -A
NYSE:AIV (1/3/2025, 8:19:15 PM)
After market: 8.99 0 (0%)8.99
-0.06 (-0.66%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners82.95%
Inst Owner Change-1.44%
Ins Owners2.83%
Ins Owner Change0%
Market Cap1.27B
Analysts80
Price Target11.73 (30.48%)
Short Float %2.29%
Short Ratio3.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.67% |
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-184.88%
Min EPS beat(2)-325.74%
Max EPS beat(2)-44.01%
EPS beat(4)1
Avg EPS beat(4)-503.11%
Min EPS beat(4)-1665.68%
Max EPS beat(4)22.99%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.52%
Min Revenue beat(2)-1.09%
Max Revenue beat(2)0.06%
Revenue beat(4)2
Avg Revenue beat(4)0.04%
Min Revenue beat(4)-1.09%
Max Revenue beat(4)1.38%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.09%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 6.23 | ||
| P/FCF | N/A | ||
| P/OCF | 23.51 | ||
| P/B | 5.53 | ||
| P/tB | 5.87 | ||
| EV/EBITDA | 29.95 |
EPS(TTM)-1.73
EYN/A
EPS(NY)-0.45
Fwd EYN/A
FCF(TTM)-0.85
FCFYN/A
OCF(TTM)0.38
OCFY4.25%
SpS1.44
BVpS1.63
TBVpS1.53
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.81% | ||
| ROE | -106.26% | ||
| ROCE | 0.13% | ||
| ROIC | 0.11% | ||
| ROICexc | 0.12% | ||
| ROICexgc | 0.12% | ||
| OM | 1.27% | ||
| PM (TTM) | N/A | ||
| GM | 57.74% | ||
| FCFM | N/A |
ROA(3y)-1.59%
ROA(5y)0.36%
ROE(3y)-11.7%
ROE(5y)-1.99%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y78.41%
ROICexcg growth 5Y-29.88%
ROICexc growth 3Y78.67%
ROICexc growth 5Y-29.88%
OM growth 3Y84.27%
OM growth 5Y-22.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.69%
GM growth 5Y-1.75%
F-Score4
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.97 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 16.05 | ||
| Cap/Depr | 210.21% | ||
| Cap/Sales | 85.44% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 63.22% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | 0.36 |
F-Score4
WACC5.82%
ROIC/WACC0.02
Cap/Depr(3y)308.21%
Cap/Depr(5y)247.62%
Cap/Sales(3y)162.12%
Cap/Sales(5y)126.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-700%
EPS Next Y-356.25%
EPS Next 2Y-67.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)13.45%
Revenue growth 3Y7.27%
Revenue growth 5Y-28.09%
Sales Q2Q%11.44%
Revenue Next Year11.62%
Revenue Next 2Y9.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-67.51%
EBIT growth 3Y97.66%
EBIT growth 5Y-44.29%
EBIT Next Year960.27%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y13.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-75.31%
OCF growth 3Y1.83%
OCF growth 5Y-33.78%