AMERICAN ASSETS TRUST INC (AAT) Stock Fundamental Analysis
USA - NYSE:AAT - US0240131047 - REIT
18.85 USD
-0.13 (-0.68%)
18.75 USD
-0.1 (-0.53%)
Overall AAT gets a fundamental rating of 4 out of 10. We evaluated AAT against 127 industry peers in the Diversified REITs industry. AAT has a medium profitability rating, but doesn't score so well on its financial health evaluation. AAT has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year AAT was profitable.
AAT had a positive operating cash flow in the past year.
In the past 5 years AAT has always been profitable.
AAT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.49%, AAT is in the better half of the industry, outperforming 69.29% of the companies in the same industry.
With a decent Return On Equity value of 6.22%, AAT is doing good in the industry, outperforming 72.44% of the companies in the same industry.
The Return On Invested Capital of AAT (3.35%) is better than 64.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AAT is in line with the industry average of 3.07%.
The 3 year average ROIC (3.22%) for AAT is below the current ROIC(3.35%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.49% | ||
| ROE | 6.22% | ||
| ROIC | 3.35% |
ROA(3y)1.63%
ROA(5y)1.36%
ROE(3y)4.2%
ROE(5y)3.41%
ROIC(3y)3.22%
ROIC(5y)2.99%
1.3 Margins
AAT's Profit Margin of 16.26% is fine compared to the rest of the industry. AAT outperforms 66.14% of its industry peers.
AAT's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 26.79%, AAT perfoms like the industry average, outperforming 59.84% of the companies in the same industry.
In the last couple of years the Operating Margin of AAT has declined.
AAT's Gross Margin of 62.92% is on the low side compared to the rest of the industry. AAT is outperformed by 62.20% of its industry peers.
In the last couple of years the Gross Margin of AAT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.79% | ||
| PM (TTM) | 16.26% | ||
| GM | 62.92% |
OM growth 3Y2.01%
OM growth 5Y-1.87%
PM growth 3Y17.96%
PM growth 5Y-0.09%
GM growth 3Y-1.09%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
AAT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AAT has more shares outstanding than it did 1 year ago.
AAT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AAT is higher compared to a year ago.
2.2 Solvency
AAT has an Altman-Z score of 0.57. This is a bad value and indicates that AAT is not financially healthy and even has some risk of bankruptcy.
AAT has a Altman-Z score (0.57) which is in line with its industry peers.
AAT has a debt to FCF ratio of 55.56. This is a negative value and a sign of low solvency as AAT would need 55.56 years to pay back of all of its debts.
AAT has a better Debt to FCF ratio (55.56) than 65.35% of its industry peers.
AAT has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
AAT has a Debt to Equity ratio of 1.42. This is comparable to the rest of the industry: AAT outperforms 42.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 55.56 | ||
| Altman-Z | 0.57 |
ROIC/WACC0.58
WACC5.79%
2.3 Liquidity
AAT has a Current Ratio of 1.70. This is a normal value and indicates that AAT is financially healthy and should not expect problems in meeting its short term obligations.
AAT has a better Current ratio (1.70) than 74.80% of its industry peers.
A Quick Ratio of 1.70 indicates that AAT should not have too much problems paying its short term obligations.
The Quick ratio of AAT (1.70) is better than 74.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
The earnings per share for AAT have decreased strongly by -71.13% in the last year.
The Earnings Per Share has been growing slightly by 2.01% on average over the past years.
The Revenue has decreased by -3.79% in the past year.
The Revenue has been growing slightly by 4.54% on average over the past years.
EPS 1Y (TTM)-71.13%
EPS 3Y31.27%
EPS 5Y2.01%
EPS Q2Q%-75%
Revenue 1Y (TTM)-3.79%
Revenue growth 3Y6.8%
Revenue growth 5Y4.54%
Sales Q2Q%-10.77%
3.2 Future
AAT is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.57% yearly.
AAT is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.06% yearly.
EPS Next Y-56.41%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
EPS Next 5YN/A
Revenue Next Year-3.86%
Revenue Next 2Y0.03%
Revenue Next 3Y-0.06%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 67.32 indicates a quite expensive valuation of AAT.
AAT's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.13, AAT is valued quite expensively.
With a Price/Forward Earnings ratio of 40.57, AAT can be considered very expensive at the moment.
AAT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AAT is cheaper than 62.99% of the companies in the same industry.
AAT is valuated expensively when we compare the Price/Forward Earnings ratio to 22.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.32 | ||
| Fwd PE | 40.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AAT is valued a bit cheaper than the industry average as 76.38% of the companies are valued more expensively.
69.29% of the companies in the same industry are more expensive than AAT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.97 | ||
| EV/EBITDA | 10.86 |
4.3 Compensation for Growth
AAT has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as AAT's earnings are expected to decrease with -23.57% in the coming years.
PEG (NY)N/A
PEG (5Y)33.48
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.17%, AAT is a good candidate for dividend investing.
AAT's Dividend Yield is a higher than the industry average which is at 6.30.
AAT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.17% |
5.2 History
The dividend of AAT has a limited annual growth rate of 2.45%.
AAT has been paying a dividend for at least 10 years, so it has a reliable track record.
AAT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.45%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
141.67% of the earnings are spent on dividend by AAT. This is not a sustainable payout ratio.
The Dividend Rate of AAT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP141.67%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
18.85
-0.13 (-0.68%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.59%
Inst Owner Change-0.03%
Ins Owners1.55%
Ins Owner Change1.77%
Market Cap1.15B
Revenue(TTM)439.58M
Net Income(TTM)73.63M
Analysts48
Price Target20.91 (10.93%)
Short Float %1.88%
Short Ratio3.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.17% |
Yearly Dividend1.69
Dividend Growth(5Y)2.45%
DP141.67%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-99.78%
Min EPS beat(2)-188.67%
Max EPS beat(2)-10.89%
EPS beat(4)1
Avg EPS beat(4)-22.95%
Min EPS beat(4)-188.67%
Max EPS beat(4)112.16%
EPS beat(8)5
Avg EPS beat(8)0.06%
EPS beat(12)8
Avg EPS beat(12)13.05%
EPS beat(16)10
Avg EPS beat(16)11.99%
Revenue beat(2)0
Avg Revenue beat(2)-3.51%
Min Revenue beat(2)-6.2%
Max Revenue beat(2)-0.82%
Revenue beat(4)2
Avg Revenue beat(4)0.64%
Min Revenue beat(4)-6.2%
Max Revenue beat(4)9.19%
Revenue beat(8)5
Avg Revenue beat(8)1.06%
Revenue beat(12)8
Avg Revenue beat(12)1.73%
Revenue beat(16)12
Avg Revenue beat(16)2.41%
PT rev (1m)0%
PT rev (3m)-2.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10%
EPS NY rev (1m)0%
EPS NY rev (3m)10.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.32 | ||
| Fwd PE | 40.57 | ||
| P/S | 2.55 | ||
| P/FCF | 37.97 | ||
| P/OCF | 6.44 | ||
| P/B | 0.97 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | 10.86 |
EPS(TTM)0.28
EY1.49%
EPS(NY)0.46
Fwd EY2.46%
FCF(TTM)0.5
FCFY2.63%
OCF(TTM)2.93
OCFY15.54%
SpS7.4
BVpS19.36
TBVpS19.13
PEG (NY)N/A
PEG (5Y)33.48
Graham Number11.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.49% | ||
| ROE | 6.22% | ||
| ROCE | 4.24% | ||
| ROIC | 3.35% | ||
| ROICexc | 3.53% | ||
| ROICexgc | 3.6% | ||
| OM | 26.79% | ||
| PM (TTM) | 16.26% | ||
| GM | 62.92% | ||
| FCFM | 6.7% |
ROA(3y)1.63%
ROA(5y)1.36%
ROE(3y)4.2%
ROE(5y)3.41%
ROIC(3y)3.22%
ROIC(5y)2.99%
ROICexc(3y)3.44%
ROICexc(5y)3.17%
ROICexgc(3y)3.52%
ROICexgc(5y)3.25%
ROCE(3y)4.08%
ROCE(5y)3.79%
ROICexgc growth 3Y9.09%
ROICexgc growth 5Y1.31%
ROICexc growth 3Y9.26%
ROICexc growth 5Y1.53%
OM growth 3Y2.01%
OM growth 5Y-1.87%
PM growth 3Y17.96%
PM growth 5Y-0.09%
GM growth 3Y-1.09%
GM growth 5Y-0.21%
F-Score7
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 55.56 | ||
| Debt/EBITDA | 6.78 | ||
| Cap/Depr | 116.64% | ||
| Cap/Sales | 32.85% | ||
| Interest Coverage | 1.65 | ||
| Cash Conversion | 71.97% | ||
| Profit Quality | 41.23% | ||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z | 0.57 |
F-Score7
WACC5.79%
ROIC/WACC0.58
Cap/Depr(3y)84.76%
Cap/Depr(5y)115.74%
Cap/Sales(3y)23.91%
Cap/Sales(5y)34.48%
Profit Quality(3y)165.81%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-71.13%
EPS 3Y31.27%
EPS 5Y2.01%
EPS Q2Q%-75%
EPS Next Y-56.41%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.79%
Revenue growth 3Y6.8%
Revenue growth 5Y4.54%
Sales Q2Q%-10.77%
Revenue Next Year-3.86%
Revenue Next 2Y0.03%
Revenue Next 3Y-0.06%
Revenue Next 5YN/A
EBIT growth 1Y-0.42%
EBIT growth 3Y8.95%
EBIT growth 5Y2.59%
EBIT Next Year62.37%
EBIT Next 3Y18.92%
EBIT Next 5YN/A
FCF growth 1Y-68.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.29%
OCF growth 3Y7.16%
OCF growth 5Y6.13%
AMERICAN ASSETS TRUST INC / AAT FAQ
What is the fundamental rating for AAT stock?
ChartMill assigns a fundamental rating of 4 / 10 to AAT.
What is the valuation status for AAT stock?
ChartMill assigns a valuation rating of 3 / 10 to AMERICAN ASSETS TRUST INC (AAT). This can be considered as Overvalued.
How profitable is AMERICAN ASSETS TRUST INC (AAT) stock?
AMERICAN ASSETS TRUST INC (AAT) has a profitability rating of 6 / 10.
What is the financial health of AMERICAN ASSETS TRUST INC (AAT) stock?
The financial health rating of AMERICAN ASSETS TRUST INC (AAT) is 3 / 10.
Can you provide the expected EPS growth for AAT stock?
The Earnings per Share (EPS) of AMERICAN ASSETS TRUST INC (AAT) is expected to decline by -56.41% in the next year.