ALSTRIA OFFICE REIT-AG (AOX.DE) Stock Fundamental Analysis
FRA:AOX - Deutsche Boerse Ag - DE000A0LD2U1 - REIT - Currency: EUR
Taking everything into account, AOX scores 3 out of 10 in our fundamental rating. AOX was compared to 41 industry peers in the Diversified REITs industry. While AOX is still in line with the averages on profitability rating, there are concerns on its financial health. AOX is valued correctly, but it does not seem to be growing. Finally AOX also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
AOX had negative earnings in the past year.
AOX had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AOX reported negative net income in multiple years.
AOX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -18.11%, AOX is not doing good in the industry: 90.70% of the companies in the same industry are doing better.
AOX has a Return On Equity of -53.91%. This is amonst the worse of the industry: AOX underperforms 90.70% of its industry peers.
AOX's Return On Invested Capital of 3.23% is in line compared to the rest of the industry. AOX outperforms 48.84% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AOX is in line with the industry average of 4.05%.
The 3 year average ROIC (2.26%) for AOX is below the current ROIC(3.23%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -18.11% | ||
| ROE | -53.91% | ||
| ROIC | 3.23% |
ROA(3y)-4.29%
ROA(5y)0.4%
ROE(3y)-12.36%
ROE(5y)-2.72%
ROIC(3y)2.26%
ROIC(5y)2.11%
1.3 Margins
The Operating Margin of AOX (72.50%) is comparable to the rest of the industry.
AOX's Operating Margin has improved in the last couple of years.
AOX has a Gross Margin (72.05%) which is comparable to the rest of the industry.
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 | 72.5% | ||
| PM (TTM) | N/A | ||
| GM | 72.05% |
OM growth 3Y5.94%
OM growth 5Y3.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.3%
GM growth 5Y-0.43%
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.
The number of shares outstanding for AOX remains at a similar level compared to 1 year ago.
The number of shares outstanding for AOX has been increased compared to 5 years ago.
The debt/assets ratio for AOX is higher compared to a year ago.
2.2 Solvency
AOX has an Altman-Z score of 0.62. This is a bad value and indicates that AOX is not financially healthy and even has some risk of bankruptcy.
AOX has a Altman-Z score of 0.62. This is in the lower half of the industry: AOX underperforms 74.42% of its industry peers.
AOX has a debt to FCF ratio of 29.68. This is a negative value and a sign of low solvency as AOX would need 29.68 years to pay back of all of its debts.
With a Debt to FCF ratio value of 29.68, AOX is not doing good in the industry: 69.77% of the companies in the same industry are doing better.
A Debt/Equity ratio of 1.37 is on the high side and indicates that AOX has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.37, AOX is doing worse than 86.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | 29.68 | ||
| Altman-Z | 0.62 |
ROIC/WACC0.94
WACC3.43%
2.3 Liquidity
AOX has a Current Ratio of 0.24. 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 Current ratio value of 0.24, AOX is not doing good in the industry: 69.77% of the companies in the same industry are doing better.
AOX has a Quick Ratio of 0.24. This is a bad value and indicates that AOX is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of AOX (0.24) is worse than 69.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
AOX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -350.68%.
The Revenue has been growing slightly by 6.97% in the past year.
The Revenue has been decreasing by -0.19% on average over the past years.
EPS 1Y (TTM)-350.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-508.19%
Revenue 1Y (TTM)6.97%
Revenue growth 3Y2.23%
Revenue growth 5Y-0.19%
Sales Q2Q%1.88%
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 30.54% on average per year.
Based on estimates for the next years, AOX will show a small growth in Revenue. The Revenue will grow by 6.78% on average per year.
EPS Next Y73.22%
EPS Next 2Y47.26%
EPS Next 3Y30.54%
EPS Next 5YN/A
Revenue Next Year3.87%
Revenue Next 2Y3.58%
Revenue Next 3Y6.78%
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
The Price/Earnings Ratio is negative for AOX. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 14.01, the valuation of AOX can be described as correct.
67.44% of the companies in the same industry are cheaper than AOX, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, AOX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.01 |
4.2 Price Multiples
AOX's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as AOX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.99 | ||
| EV/EBITDA | 18.9 |
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.
AOX's earnings are expected to grow with 30.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y47.26%
EPS Next 3Y30.54%
5. Dividend
5.1 Amount
AOX has a Yearly Dividend Yield of 50.00%, which is a nice return.
The stock price of AOX dropped by -25.81% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
AOX's Dividend Yield is rather good when compared to the industry average which is at 8.71. 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 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 50% |
5.2 History
The dividend of AOX is nicely growing with an annual growth rate of 21.47%!
Dividend Growth(5Y)21.47%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
The earnings of AOX are negative and hence is the payout ratio. AOX will probably not be able to sustain this dividend level.
The dividend of AOX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-32.14%
EPS Next 2Y47.26%
EPS Next 3Y30.54%
FRA:AOX (3/7/2025, 7:00:00 PM)
5.52
-0.1 (-1.78%)
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 Cap985.65M
Analysts47.5
Price Target7.45 (34.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 50% |
Yearly Dividend1.47
Dividend Growth(5Y)21.47%
DP-32.14%
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)0%
EPS NY rev (3m)54.58%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.01 | ||
| P/S | 4.1 | ||
| P/FCF | 11.99 | ||
| P/OCF | 11.87 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 18.9 |
EPS(TTM)-4.41
EYN/A
EPS(NY)0.39
Fwd EY7.14%
FCF(TTM)0.46
FCFY8.34%
OCF(TTM)0.47
OCFY8.43%
SpS1.35
BVpS8.14
TBVpS8.13
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -18.11% | ||
| ROE | -53.91% | ||
| ROCE | 4.59% | ||
| ROIC | 3.23% | ||
| ROICexc | 3.32% | ||
| ROICexgc | 3.32% | ||
| OM | 72.5% | ||
| PM (TTM) | N/A | ||
| GM | 72.05% | ||
| FCFM | 34.22% |
ROA(3y)-4.29%
ROA(5y)0.4%
ROE(3y)-12.36%
ROE(5y)-2.72%
ROIC(3y)2.26%
ROIC(5y)2.11%
ROICexc(3y)2.38%
ROICexc(5y)2.26%
ROICexgc(3y)2.38%
ROICexgc(5y)2.26%
ROCE(3y)3.21%
ROCE(5y)3%
ROICexcg growth 3Y14.97%
ROICexcg growth 5Y4.01%
ROICexc growth 3Y14.97%
ROICexc growth 5Y4.01%
OM growth 3Y5.94%
OM growth 5Y3.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.3%
GM growth 5Y-0.43%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | 29.68 | ||
| Debt/EBITDA | 11.32 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.25 | ||
| Cash Conversion | 47.21% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 0.62 |
F-Score4
WACC3.43%
ROIC/WACC0.94
Cap/Depr(3y)167.11%
Cap/Depr(5y)109.74%
Cap/Sales(3y)0.79%
Cap/Sales(5y)0.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-350.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-508.19%
EPS Next Y73.22%
EPS Next 2Y47.26%
EPS Next 3Y30.54%
EPS Next 5YN/A
Revenue 1Y (TTM)6.97%
Revenue growth 3Y2.23%
Revenue growth 5Y-0.19%
Sales Q2Q%1.88%
Revenue Next Year3.87%
Revenue Next 2Y3.58%
Revenue Next 3Y6.78%
Revenue Next 5YN/A
EBIT growth 1Y24.67%
EBIT growth 3Y8.3%
EBIT growth 5Y3.22%
EBIT Next Year576.19%
EBIT Next 3Y94.07%
EBIT Next 5YN/A
FCF growth 1Y-5.6%
FCF growth 3Y-5.28%
FCF growth 5Y-5.62%
OCF growth 1Y-5.15%
OCF growth 3Y-4.79%
OCF growth 5Y-5.63%