ALTAREA (ALTA.PA) Stock Fundamental Analysis
EPA:ALTA - Euronext Paris - Matif - FR0000033219 - REIT - Currency: EUR
Taking everything into account, ALTA scores 4 out of 10 in our fundamental rating. ALTA was compared to 7 industry peers in the Residential REITs industry. ALTA scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. ALTA is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
ALTA had positive earnings in the past year.
In the past year ALTA had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: ALTA reported negative net income in multiple years.
In the past 5 years ALTA always reported a positive cash flow from operatings.
1.2 Ratios
ALTA's Return On Assets of 0.39% is in line compared to the rest of the industry. ALTA outperforms 57.14% of its industry peers.
ALTA's Return On Equity of 1.94% is in line compared to the rest of the industry. ALTA outperforms 57.14% of its industry peers.
With a decent Return On Invested Capital value of 3.84%, ALTA is doing good in the industry, outperforming 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 1.94% | ||
| ROIC | 3.84% |
ROA(3y)-0.67%
ROA(5y)-0.64%
ROE(3y)-4.31%
ROE(5y)-4.2%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of ALTA (0.83%) is comparable to the rest of the industry.
ALTA's Profit Margin has declined in the last couple of years.
ALTA's Operating Margin of 7.69% is in line compared to the rest of the industry. ALTA outperforms 42.86% of its industry peers.
ALTA's Operating Margin has declined in the last couple of years.
The Gross Margin of ALTA (21.20%) is comparable to the rest of the industry.
ALTA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.69% | ||
| PM (TTM) | 0.83% | ||
| GM | 21.2% |
OM growth 3Y-3.85%
OM growth 5Y-3.69%
PM growth 3Y-68.4%
PM growth 5Y-50.63%
GM growth 3Y-3.36%
GM growth 5Y-2.04%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ALTA is destroying value.
ALTA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ALTA has more shares outstanding
The debt/assets ratio for ALTA is higher compared to a year ago.
2.2 Solvency
ALTA has an Altman-Z score of 1.06. This is a bad value and indicates that ALTA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ALTA (1.06) is better than 100.00% of its industry peers.
The Debt to FCF ratio of ALTA is 7.56, which is on the high side as it means it would take ALTA, 7.56 years of fcf income to pay off all of its debts.
ALTA's Debt to FCF ratio of 7.56 is amongst the best of the industry. ALTA outperforms 100.00% of its industry peers.
ALTA has a Debt/Equity ratio of 1.36. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.36, ALTA is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 7.56 | ||
| Altman-Z | 1.06 |
ROIC/WACC0.52
WACC7.33%
2.3 Liquidity
A Current Ratio of 1.25 indicates that ALTA should not have too much problems paying its short term obligations.
The Current ratio of ALTA (1.25) is better than 100.00% of its industry peers.
ALTA has a Quick Ratio of 1.25. This is a bad value and indicates that ALTA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ALTA (0.88) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
ALTA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 106.73%, which is quite impressive.
The earnings per share for ALTA have been decreasing by -54.21% on average. This is quite bad
ALTA shows a strong growth in Revenue. In the last year, the Revenue has grown by 46.22%.
The Revenue has been decreasing by -2.30% on average over the past years.
EPS 1Y (TTM)106.73%
EPS 3Y-71.01%
EPS 5Y-54.21%
EPS Q2Q%101.27%
Revenue 1Y (TTM)46.22%
Revenue growth 3Y-2.96%
Revenue growth 5Y-2.3%
Sales Q2Q%89.33%
3.2 Future
Based on estimates for the next years, ALTA will show a very strong growth in Earnings Per Share. The EPS will grow by 26.41% on average per year.
ALTA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.60% yearly.
EPS Next Y13.51%
EPS Next 2Y26.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.31%
Revenue Next 2Y-0.6%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 66.84, which means the current valuation is very expensive for ALTA.
Compared to the rest of the industry, the Price/Earnings ratio of ALTA indicates a somewhat cheap valuation: ALTA is cheaper than 71.43% of the companies listed in the same industry.
ALTA is valuated expensively when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 14.74 indicates a correct valuation of ALTA.
ALTA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ALTA is cheaper than 71.43% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ALTA to the average of the S&P500 Index (22.10), we can say ALTA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.84 | ||
| Fwd PE | 14.74 |
4.2 Price Multiples
ALTA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ALTA is cheaper than 100.00% of the companies in the same industry.
100.00% of the companies in the same industry are more expensive than ALTA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.26 | ||
| EV/EBITDA | 11.63 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ALTA does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as ALTA's earnings are expected to grow with 26.41% in the coming years.
PEG (NY)4.95
PEG (5Y)N/A
EPS Next 2Y26.41%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ALTA has a Yearly Dividend Yield of 7.63%, which is a nice return.
ALTA's Dividend Yield is a higher than the industry average which is at 7.35.
ALTA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.63% |
5.2 History
The dividend of ALTA has a limited annual growth rate of 3.33%.
Dividend Growth(5Y)3.33%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
513.37% of the earnings are spent on dividend by ALTA. This is not a sustainable payout ratio.
ALTA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP513.37%
EPS Next 2Y26.41%
EPS Next 3YN/A
EPA:ALTA (3/7/2025, 7:00:00 PM)
103.6
-1.2 (-1.15%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners35.25%
Inst Owner ChangeN/A
Ins Owners46.21%
Ins Owner ChangeN/A
Market Cap2.27B
Analysts80
Price Target111.69 (7.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.63% |
Yearly Dividend7.95
Dividend Growth(5Y)3.33%
DP513.37%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)2.82%
PT rev (3m)-0.9%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-22.63%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-6.1%
Revenue NY rev (3m)3.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.84 | ||
| Fwd PE | 14.74 | ||
| P/S | 0.57 | ||
| P/FCF | 6.26 | ||
| P/OCF | 5.25 | ||
| P/B | 1.34 | ||
| P/tB | 1.7 | ||
| EV/EBITDA | 11.63 |
EPS(TTM)1.55
EY1.5%
EPS(NY)7.03
Fwd EY6.78%
FCF(TTM)16.56
FCFY15.99%
OCF(TTM)19.74
OCFY19.05%
SpS181.09
BVpS77.37
TBVpS60.96
PEG (NY)4.95
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 1.94% | ||
| ROCE | 5.3% | ||
| ROIC | 3.84% | ||
| ROICexc | 4.45% | ||
| ROICexgc | 4.8% | ||
| OM | 7.69% | ||
| PM (TTM) | 0.83% | ||
| GM | 21.2% | ||
| FCFM | 9.15% |
ROA(3y)-0.67%
ROA(5y)-0.64%
ROE(3y)-4.31%
ROE(5y)-4.2%
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 3Y-2.57%
ROICexcg growth 5Y-1.55%
ROICexc growth 3Y-3.01%
ROICexc growth 5Y-1.93%
OM growth 3Y-3.85%
OM growth 5Y-3.69%
PM growth 3Y-68.4%
PM growth 5Y-50.63%
GM growth 3Y-3.36%
GM growth 5Y-2.04%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 7.56 | ||
| Debt/EBITDA | 6.54 | ||
| Cap/Depr | 147.15% | ||
| Cap/Sales | 1.76% | ||
| Interest Coverage | 1.99 | ||
| Cash Conversion | 122.74% | ||
| Profit Quality | 1102.43% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 1.06 |
F-Score6
WACC7.33%
ROIC/WACC0.52
Cap/Depr(3y)105.27%
Cap/Depr(5y)179.99%
Cap/Sales(3y)1.81%
Cap/Sales(5y)2.61%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)106.73%
EPS 3Y-71.01%
EPS 5Y-54.21%
EPS Q2Q%101.27%
EPS Next Y13.51%
EPS Next 2Y26.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)46.22%
Revenue growth 3Y-2.96%
Revenue growth 5Y-2.3%
Sales Q2Q%89.33%
Revenue Next Year-6.31%
Revenue Next 2Y-0.6%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y293.1%
EBIT growth 3Y-6.7%
EBIT growth 5Y-5.9%
EBIT Next Year80.87%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.07%
FCF growth 3Y50.03%
FCF growth 5Y19.93%
OCF growth 1Y30.8%
OCF growth 3Y26.41%
OCF growth 5Y5.03%