ALSTRIA OFFICE REIT-AG (AOX.DE) Stock Fundamental Analysis
FRA:AOX - Deutsche Boerse Ag - DE000A0LD2U1 - REIT - Currency: EUR
Overall AOX gets a fundamental rating of 3 out of 10. We evaluated AOX against 42 industry peers in the Diversified REITs industry. AOX has a bad profitability rating. Also its financial health evaluation is rather negative. AOX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AOX has reported negative net income.
In the past year AOX had a positive cash flow from operations.
In multiple years AOX reported negative net income over the last 5 years.
AOX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AOX (-2.40%) is worse than 76.19% of its industry peers.
The Return On Equity of AOX (-6.94%) is worse than 80.95% of its industry peers.
AOX has a Return On Invested Capital of 2.37%. This is in the lower half of the industry: AOX underperforms 73.81% of its industry peers.
AOX had an Average Return On Invested Capital over the past 3 years of 2.48%. This is in line with the industry average of 3.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.4% | ||
| ROE | -6.94% | ||
| ROIC | 2.37% |
ROA(3y)-6.42%
ROA(5y)-2.39%
ROE(3y)-16.74%
ROE(5y)-7.76%
ROIC(3y)2.48%
ROIC(5y)2.2%
1.3 Margins
Looking at the Operating Margin, with a value of 53.93%, AOX is doing worse than 71.43% of the companies in the same industry.
AOX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 71.85%, AOX is in line with its industry, outperforming 40.48% of the companies in the same industry.
AOX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.93% | ||
| PM (TTM) | N/A | ||
| GM | 71.85% |
OM growth 3Y-1.33%
OM growth 5Y-2.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.69%
GM growth 5Y-0.2%
2. Health
2.1 Basic Checks
AOX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AOX has about the same amout of shares outstanding than it did 1 year ago.
AOX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AOX has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.60, we must say that AOX is in the distress zone and has some risk of bankruptcy.
AOX has a worse Altman-Z score (0.60) than 78.57% of its industry peers.
The Debt to FCF ratio of AOX is 26.37, which is on the high side as it means it would take AOX, 26.37 years of fcf income to pay off all of its debts.
AOX has a Debt to FCF ratio of 26.37. This is in the lower half of the industry: AOX underperforms 66.67% of its industry peers.
AOX has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of AOX (1.31) is worse than 88.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 26.37 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.64
WACC3.71%
2.3 Liquidity
A Current Ratio of 0.18 indicates that AOX may have some problems paying its short term obligations.
AOX has a worse Current ratio (0.18) than 78.57% of its industry peers.
A Quick Ratio of 0.18 indicates that AOX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.18, AOX is doing worse than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
AOX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 83.44%, which is quite impressive.
Looking at the last year, AOX shows a small growth in Revenue. The Revenue has grown by 3.90% in the last year.
Measured over the past years, AOX shows a small growth in Revenue. The Revenue has been growing by 1.27% on average per year.
EPS 1Y (TTM)83.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%107.82%
Revenue 1Y (TTM)3.9%
Revenue growth 3Y2.43%
Revenue growth 5Y1.27%
Sales Q2Q%-1.74%
3.2 Future
The Earnings Per Share is expected to grow by 56.58% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 8.27% on average over the next years. This is quite good.
EPS Next Y150%
EPS Next 2Y56.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.28%
Revenue Next 2Y8.27%
Revenue Next 3YN/A
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
AOX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 18.14 indicates a rather expensive valuation of AOX.
AOX's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AOX is more expensive than 73.81% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.38. AOX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 18.14 |
4.2 Price Multiples
AOX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AOX is more expensive than 69.05% of the companies in the same industry.
AOX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.06 | ||
| EV/EBITDA | 25.48 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as AOX's earnings are expected to grow with 56.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y56.58%
EPS Next 3YN/A
5. Dividend
5.1 Amount
AOX has a Yearly Dividend Yield of 51.09%, which is a nice return.
AOX's Dividend Yield is rather good when compared to the industry average which is at 7.77. AOX pays more dividend than 100.00% of the companies in the same industry.
AOX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 51.09% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
DP0%
EPS Next 2Y56.58%
EPS Next 3YN/A
FRA:AOX (4/25/2025, 7:00:00 PM)
5.68
+0.18 (+3.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.64%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.01B
Analysts47.5
Price Target7.45 (31.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 51.09% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-20.51%
EPS NY rev (3m)-20.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 18.14 | ||
| P/S | 4.24 | ||
| P/FCF | 11.06 | ||
| P/OCF | 10.99 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 25.48 |
EPS(TTM)-0.61
EYN/A
EPS(NY)0.31
Fwd EY5.51%
FCF(TTM)0.51
FCFY9.04%
OCF(TTM)0.52
OCFY9.1%
SpS1.34
BVpS8.44
TBVpS8.44
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.4% | ||
| ROE | -6.94% | ||
| ROCE | 3.36% | ||
| ROIC | 2.37% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.41% | ||
| OM | 53.93% | ||
| PM (TTM) | N/A | ||
| GM | 71.85% | ||
| FCFM | 38.33% |
ROA(3y)-6.42%
ROA(5y)-2.39%
ROE(3y)-16.74%
ROE(5y)-7.76%
ROIC(3y)2.48%
ROIC(5y)2.2%
ROICexc(3y)2.58%
ROICexc(5y)2.32%
ROICexgc(3y)2.58%
ROICexgc(5y)2.32%
ROCE(3y)3.53%
ROCE(5y)3.13%
ROICexcg growth 3Y9.91%
ROICexcg growth 5Y2.7%
ROICexc growth 3Y9.9%
ROICexc growth 5Y2.7%
OM growth 3Y-1.33%
OM growth 5Y-2.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.69%
GM growth 5Y-0.2%
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 26.37 | ||
| Debt/EBITDA | 15.1 | ||
| Cap/Depr | 37.74% | ||
| Cap/Sales | 0.25% | ||
| Interest Coverage | 1.72 | ||
| Cash Conversion | 70.67% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | 0.6 |
F-Score6
WACC3.71%
ROIC/WACC0.64
Cap/Depr(3y)70.24%
Cap/Depr(5y)112.1%
Cap/Sales(3y)0.41%
Cap/Sales(5y)0.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)83.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%107.82%
EPS Next Y150%
EPS Next 2Y56.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.9%
Revenue growth 3Y2.43%
Revenue growth 5Y1.27%
Sales Q2Q%-1.74%
Revenue Next Year3.28%
Revenue Next 2Y8.27%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-21.32%
EBIT growth 3Y1.06%
EBIT growth 5Y-0.8%
EBIT Next Year188.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y4.75%
FCF growth 3Y-6.83%
FCF growth 5Y-5.46%
OCF growth 1Y3.57%
OCF growth 3Y-7.46%
OCF growth 5Y-5.39%