ALSTRIA OFFICE REIT-AG (AOX.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:AOX - DE000A0LD2U1 - REIT
5.78 EUR
-0.04 (-0.69%)
Overall AOX gets a fundamental rating of 3 out of 10. We evaluated AOX against 42 industry peers in the Diversified REITs industry. Both the profitability and financial health of AOX have multiple concerns. While showing a medium growth rate, AOX is valued expensive at the moment. Finally AOX also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year AOX has reported negative net income.
AOX had a positive operating cash flow in the past year.
In multiple years AOX reported negative net income over the last 5 years.
Each year in the past 5 years AOX had a positive operating cash flow.
1.2 Ratios
AOX's Return On Assets of -2.26% is on the low side compared to the rest of the industry. AOX is outperformed by 77.27% of its industry peers.
Looking at the Return On Equity, with a value of -6.57%, AOX is doing worse than 84.09% of the companies in the same industry.
AOX has a worse Return On Invested Capital (2.15%) than 77.27% 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 3.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.26% | ||
| ROE | -6.57% | ||
| ROIC | 2.15% |
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 54.03%, AOX is doing worse than 70.45% of the companies in the same industry.
AOX's Operating Margin has declined in the last couple of years.
AOX's Gross Margin of 72.98% is in line compared to the rest of the industry. AOX outperforms 50.00% of its industry peers.
In the last couple of years the Gross Margin of AOX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.03% | ||
| PM (TTM) | N/A | ||
| GM | 72.99% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AOX 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 0.70, we must say that AOX is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.70, AOX is doing worse than 70.45% of the companies in the same industry.
AOX has a debt to FCF ratio of 55.34. This is a negative value and a sign of low solvency as AOX would need 55.34 years to pay back of all of its debts.
AOX has a Debt to FCF ratio of 55.34. This is in the lower half of the industry: AOX underperforms 75.00% of its industry peers.
A Debt/Equity ratio of 1.51 is on the high side and indicates that AOX has dependencies on debt financing.
AOX has a worse Debt to Equity ratio (1.51) than 86.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 55.34 | ||
| Altman-Z | 0.7 |
ROIC/WACC0.59
WACC3.66%
2.3 Liquidity
A Current Ratio of 0.79 indicates that AOX may have some problems paying its short term obligations.
The Current ratio of AOX (0.79) is better than 63.64% of its industry peers.
AOX has a Quick Ratio of 0.79. This is a bad value and indicates that AOX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Quick ratio value of 0.79, AOX is doing good in the industry, outperforming 65.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
AOX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 83.11%, which is quite impressive.
The Revenue has been growing slightly by 2.16% in the past 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)83.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.49%
Revenue 1Y (TTM)2.16%
Revenue growth 3Y2.43%
Revenue growth 5Y1.27%
Sales Q2Q%-0.76%
3.2 Future
Based on estimates for the next years, AOX will show a very strong growth in Earnings Per Share. The EPS will grow by 56.58% on average per year.
Based on estimates for the next years, AOX will show a quite strong growth in Revenue. The Revenue will grow by 11.38% on average per year.
EPS Next Y150%
EPS Next 2Y56.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.21%
Revenue Next 2Y11.38%
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.
With a Price/Forward Earnings ratio of 20.44, AOX is valued on the expensive side.
75.00% of the companies in the same industry are cheaper than AOX, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.92. AOX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.44 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AOX is valued a bit more expensive than 68.18% of the companies in the same industry.
AOX's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. AOX is more expensive than 68.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.57 | ||
| EV/EBITDA | 26.34 |
4.3 Compensation for Growth
AOX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AOX's earnings are expected to grow with 56.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y56.58%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 48.45%, AOX is a good candidate for dividend investing.
AOX's Dividend Yield is rather good when compared to the industry average which is at 4.99. AOX pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, AOX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 48.45% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
0.19% of the earnings are spent on dividend by AOX. This is a low number and sustainable payout ratio.
DP0.19%
EPS Next 2Y56.58%
EPS Next 3YN/A
FRA:AOX (5/23/2025, 7:00:00 PM)
5.78
-0.04 (-0.69%)
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 Cap1.03B
Revenue(TTM)238.70M
Net Income(TTM)-101.18M
Analysts47.5
Price Target7.45 (28.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 48.45% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0.19%
Div Incr Years0
Div Non Decr Years0
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)0%
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)-2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.44 | ||
| P/S | 4.32 | ||
| P/FCF | 22.57 | ||
| P/OCF | 22.25 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 26.34 |
EPS(TTM)-0.59
EYN/A
EPS(NY)0.28
Fwd EY4.89%
FCF(TTM)0.26
FCFY4.43%
OCF(TTM)0.26
OCFY4.5%
SpS1.34
BVpS8.63
TBVpS8.63
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.26% | ||
| ROE | -6.57% | ||
| ROCE | 3.06% | ||
| ROIC | 2.15% | ||
| ROICexc | 2.22% | ||
| ROICexgc | 2.22% | ||
| OM | 54.03% | ||
| PM (TTM) | N/A | ||
| GM | 72.99% | ||
| FCFM | 19.16% |
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%
ROICexgc growth 3Y9.91%
ROICexgc 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 | 1.51 | ||
| Debt/FCF | 55.34 | ||
| Debt/EBITDA | 17.91 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.74 | ||
| Cash Conversion | 35.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 0.7 |
F-Score6
WACC3.66%
ROIC/WACC0.59
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)83.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.49%
EPS Next Y150%
EPS Next 2Y56.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.16%
Revenue growth 3Y2.43%
Revenue growth 5Y1.27%
Sales Q2Q%-0.76%
Revenue Next Year1.21%
Revenue Next 2Y11.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-22.89%
EBIT growth 3Y1.06%
EBIT growth 5Y-0.8%
EBIT Next Year188.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-54.43%
FCF growth 3Y-6.83%
FCF growth 5Y-5.46%
OCF growth 1Y-54.28%
OCF growth 3Y-7.46%
OCF growth 5Y-5.39%
ALSTRIA OFFICE REIT-AG / AOX.DE FAQ
Can you provide the ChartMill fundamental rating for ALSTRIA OFFICE REIT-AG?
ChartMill assigns a fundamental rating of 3 / 10 to AOX.DE.
What is the valuation status of ALSTRIA OFFICE REIT-AG (AOX.DE) stock?
ChartMill assigns a valuation rating of 3 / 10 to ALSTRIA OFFICE REIT-AG (AOX.DE). This can be considered as Overvalued.
Can you provide the profitability details for ALSTRIA OFFICE REIT-AG?
ALSTRIA OFFICE REIT-AG (AOX.DE) has a profitability rating of 2 / 10.
Can you provide the financial health for AOX stock?
The financial health rating of ALSTRIA OFFICE REIT-AG (AOX.DE) is 1 / 10.
What is the earnings growth outlook for ALSTRIA OFFICE REIT-AG?
The Earnings per Share (EPS) of ALSTRIA OFFICE REIT-AG (AOX.DE) is expected to grow by 150% in the next year.