ARMADA HOFFLER PROPERTIES IN (AHH)
US04208T1088 - REIT
We assign a fundamental rating of 3 out of 10 to AHH. AHH was compared to 126 industry peers in the Diversified REITs industry. Both the profitability and financial health of AHH have multiple concerns. While showing a medium growth rate, AHH is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year AHH has reported negative net income.
In the past year AHH had a positive cash flow from operations.
AHH had positive earnings in 4 of the past 5 years.
AHH 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 -0.13%, AHH is doing worse than 60.16% of the companies in the same industry.
The Return On Equity of AHH (-0.56%) is worse than 60.98% of its industry peers.
AHH has a Return On Invested Capital (2.70%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for AHH is in line with the industry average of 2.95%.
The last Return On Invested Capital (2.70%) for AHH is above the 3 year average (2.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.13% | ||
| ROE | -0.56% | ||
| ROIC | 2.7% |
ROA(3y)1.07%
ROA(5y)1.11%
ROE(3y)3.68%
ROE(5y)4.1%
ROIC(3y)2.52%
ROIC(5y)2.36%
1.3 Margins
AHH has a worse Operating Margin (10.94%) than 75.61% of its industry peers.
In the last couple of years the Operating Margin of AHH has declined.
AHH has a Gross Margin of 28.27%. This is amonst the worse of the industry: AHH underperforms 92.68% of its industry peers.
In the last couple of years the Gross Margin of AHH has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.94% | ||
| PM (TTM) | N/A | ||
| GM | 28.27% |
OM growth 3Y-1.24%
OM growth 5Y-6.56%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.53%
GM growth 5Y-7.59%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AHH is destroying value.
AHH has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, AHH has more shares outstanding
Compared to 1 year ago, AHH has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.51, we must say that AHH is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of AHH (0.51) is comparable to the rest of the industry.
The Debt to FCF ratio of AHH is 1008.01, which is on the high side as it means it would take AHH, 1008.01 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1008.01, AHH is in line with its industry, outperforming 40.65% of the companies in the same industry.
A Debt/Equity ratio of 2.48 is on the high side and indicates that AHH has dependencies on debt financing.
AHH has a worse Debt to Equity ratio (2.48) than 81.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.48 | ||
| Debt/FCF | 1008.01 | ||
| Altman-Z | 0.51 |
ROIC/WACC0.39
WACC6.86%
2.3 Liquidity
AHH has a Current Ratio of 0.77. This is a bad value and indicates that AHH is not financially healthy enough and could expect problems in meeting its short term obligations.
AHH has a Current ratio of 0.77. This is in the lower half of the industry: AHH underperforms 71.54% of its industry peers.
A Quick Ratio of 0.77 indicates that AHH may have some problems paying its short term obligations.
AHH's Quick ratio of 0.77 is on the low side compared to the rest of the industry. AHH is outperformed by 68.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The earnings per share for AHH have decreased strongly by -105.38% in the last year.
AHH shows a strong growth in Revenue. In the last year, the Revenue has grown by 43.59%.
AHH shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.11% yearly.
EPS 1Y (TTM)-105.38%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-307.69%
Revenue 1Y (TTM)43.59%
Revenue growth 3Y20.26%
Revenue growth 5Y28.11%
Revenue growth Q2Q26.01%
3.2 Future
AHH is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -105.56% yearly.
AHH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.47% yearly.
EPS Next Y-192.9%
EPS Next 2Y-85.31%
EPS Next 3Y-105.56%
EPS Next 5YN/A
Revenue Next Year0.93%
Revenue Next 2Y1.47%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for AHH. In the last year negative earnings were reported.
Also next year AHH is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
AHH's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AHH is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 628.29 | ||
| EV/EBITDA | 14.04 |
4.3 Compensation for Growth
A cheap valuation may be justified as AHH's earnings are expected to decrease with -105.56% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-85.31%
EPS Next 3Y-105.56%
5. Dividend
5.1 Amount
AHH has a Yearly Dividend Yield of 8.02%, which is a nice return.
Compared to an average industry Dividend Yield of 6.12, AHH pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, AHH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.02% |
5.2 History
The dividend of AHH has a limited annual growth rate of 2.19%.
AHH has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.19%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of AHH are negative and hence is the payout ratio. AHH will probably not be able to sustain this dividend level.
DP-2503.05%
EPS Next 2Y-85.31%
EPS Next 3Y-105.56%
ARMADA HOFFLER PROPERTIES IN
NYSE:AHH (4/25/2024, 7:04:00 PM)
After market: 10.5 0 (0%)10.5
-0.04 (-0.38%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap927.99M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.02% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.13% | ||
| ROE | -0.56% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.94% | ||
| PM (TTM) | N/A | ||
| GM | 28.27% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.48 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-105.38%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-192.9%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)43.59%
Revenue growth 3Y20.26%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y