ARMADA HOFFLER PROPERTIES IN (AHH) Stock Fundamental Analysis
NYSE:AHH - US04208T1088 - REIT
7.28 USD
+0.04 (+0.55%)
7.28 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to AHH. AHH was compared to 129 industry peers in the Diversified REITs industry. AHH has a bad profitability rating. Also its financial health evaluation is rather negative. AHH is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
AHH had positive earnings in the past year.
AHH had a positive operating cash flow in the past year.
Of the past 5 years AHH 4 years were profitable.
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 0.39%, AHH is in line with its industry, outperforming 46.51% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.53%, AHH is in line with its industry, outperforming 49.61% of the companies in the same industry.
AHH has a Return On Invested Capital of 2.85%. This is comparable to the rest of the industry: AHH outperforms 57.36% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AHH is in line with the industry average of 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 1.53% | ||
| ROIC | 2.85% |
ROA(3y)1.22%
ROA(5y)1.06%
ROE(3y)4.26%
ROE(5y)3.76%
ROIC(3y)3.02%
ROIC(5y)2.68%
1.3 Margins
The Profit Margin of AHH (1.83%) is comparable to the rest of the industry.
AHH's Profit Margin has declined in the last couple of years.
The Operating Margin of AHH (14.80%) is worse than 65.89% of its industry peers.
In the last couple of years the Operating Margin of AHH has declined.
Looking at the Gross Margin, with a value of 36.25%, AHH is doing worse than 85.27% of the companies in the same industry.
AHH's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.8% | ||
| PM (TTM) | 1.83% | ||
| GM | 36.25% |
OM growth 3Y-5.03%
OM growth 5Y-3%
PM growth 3Y-2.11%
PM growth 5Y-16.54%
GM growth 3Y-13.85%
GM growth 5Y-7.04%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AHH is destroying value.
Compared to 1 year ago, AHH has more shares outstanding
The number of shares outstanding for AHH has been increased compared to 5 years ago.
The debt/assets ratio for AHH has been reduced compared to a year ago.
2.2 Solvency
AHH has an Altman-Z score of 0.42. This is a bad value and indicates that AHH is not financially healthy and even has some risk of bankruptcy.
AHH has a Altman-Z score (0.42) which is comparable to the rest of the industry.
The Debt to FCF ratio of AHH is 485.47, which is on the high side as it means it would take AHH, 485.47 years of fcf income to pay off all of its debts.
AHH has a Debt to FCF ratio (485.47) which is comparable to the rest of the industry.
AHH has a Debt/Equity ratio of 2.31. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.31, AHH is doing worse than 77.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.31 | ||
| Debt/FCF | 485.47 | ||
| Altman-Z | 0.42 |
ROIC/WACC0.4
WACC7.14%
2.3 Liquidity
A Current Ratio of 1.00 indicates that AHH may have some problems paying its short term obligations.
AHH has a Current ratio (1.00) which is comparable to the rest of the industry.
AHH has a Quick Ratio of 1.00. 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 Quick ratio of 0.97. This is comparable to the rest of the industry: AHH outperforms 51.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 1500.00% over the past year.
AHH shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.62% yearly.
The Revenue for AHH has decreased by -25.72% in the past year. This is quite bad
Measured over the past years, AHH shows a very strong growth in Revenue. The Revenue has been growing by 22.46% on average per year.
EPS 1Y (TTM)1500%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%800%
Revenue 1Y (TTM)-25.72%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%60.06%
3.2 Future
The Earnings Per Share is expected to decrease by -27.18% on average over the next years. This is quite bad
The Revenue is expected to grow by 3.96% on average over the next years.
EPS Next Y-86.63%
EPS Next 2Y-39.06%
EPS Next 3Y-27.18%
EPS Next 5YN/A
Revenue Next Year0.56%
Revenue Next 2Y2.51%
Revenue Next 3Y4.06%
Revenue Next 5Y3.96%
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 26.00 indicates a quite expensive valuation of AHH.
72.09% of the companies in the same industry are more expensive than AHH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.13, AHH is valued at the same level.
Based on the Price/Forward Earnings ratio of 57.66, the valuation of AHH can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as AHH.
The average S&P500 Price/Forward Earnings ratio is at 22.76. AHH is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26 | ||
| Fwd PE | 57.66 |
4.2 Price Multiples
71.32% of the companies in the same industry are more expensive than AHH, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as AHH.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 237.91 | ||
| EV/EBITDA | 12.83 |
4.3 Compensation for Growth
A cheap valuation may be justified as AHH's earnings are expected to decrease with -27.18% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-39.06%
EPS Next 3Y-27.18%
5. Dividend
5.1 Amount
AHH has a Yearly Dividend Yield of 7.73%, which is a nice return.
Compared to an average industry Dividend Yield of 6.14, AHH pays a bit more dividend than its industry peers.
AHH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.73% |
5.2 History
The dividend of AHH decreases each year by -0.20%.
AHH has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of AHH decreased recently.
Dividend Growth(5Y)-0.2%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AHH pays out 835.66% of its income as dividend. This is not a sustainable payout ratio.
AHH's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP835.66%
EPS Next 2Y-39.06%
EPS Next 3Y-27.18%
7.28
+0.04 (+0.55%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners84.55%
Inst Owner Change-3.85%
Ins Owners0.99%
Ins Owner Change-16.18%
Market Cap754.64M
Analysts80
Price Target8.57 (17.72%)
Short Float %1.63%
Short Ratio1.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.73% |
Yearly Dividend1.15
Dividend Growth(5Y)-0.2%
DP835.66%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)30.83%
Min EPS beat(2)-347.52%
Max EPS beat(2)409.19%
EPS beat(4)2
Avg EPS beat(4)134.56%
Min EPS beat(4)-347.52%
Max EPS beat(4)758.09%
EPS beat(8)3
Avg EPS beat(8)73.46%
EPS beat(12)6
Avg EPS beat(12)69.66%
EPS beat(16)10
Avg EPS beat(16)76.09%
Revenue beat(2)1
Avg Revenue beat(2)27.8%
Min Revenue beat(2)-0.02%
Max Revenue beat(2)55.62%
Revenue beat(4)2
Avg Revenue beat(4)13.39%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)55.62%
Revenue beat(8)5
Avg Revenue beat(8)6.53%
Revenue beat(12)8
Avg Revenue beat(12)29.99%
Revenue beat(16)12
Avg Revenue beat(16)36.86%
PT rev (1m)-1.18%
PT rev (3m)-12.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20%
EPS NY rev (1m)-10%
EPS NY rev (3m)-62.5%
Revenue NQ rev (1m)1.84%
Revenue NQ rev (3m)4.25%
Revenue NY rev (1m)0.67%
Revenue NY rev (3m)2.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26 | ||
| Fwd PE | 57.66 | ||
| P/S | 1.38 | ||
| P/FCF | 237.91 | ||
| P/OCF | 12.72 | ||
| P/B | 1.16 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 12.83 |
EPS(TTM)0.28
EY3.85%
EPS(NY)0.13
Fwd EY1.73%
FCF(TTM)0.03
FCFY0.42%
OCF(TTM)0.57
OCFY7.86%
SpS5.27
BVpS6.29
TBVpS5.48
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 1.53% | ||
| ROCE | 3.34% | ||
| ROIC | 2.85% | ||
| ROICexc | 2.91% | ||
| ROICexgc | 3.09% | ||
| OM | 14.8% | ||
| PM (TTM) | 1.83% | ||
| GM | 36.25% | ||
| FCFM | 0.58% |
ROA(3y)1.22%
ROA(5y)1.06%
ROE(3y)4.26%
ROE(5y)3.76%
ROIC(3y)3.02%
ROIC(5y)2.68%
ROICexc(3y)3.1%
ROICexc(5y)2.75%
ROICexgc(3y)3.34%
ROICexgc(5y)2.94%
ROCE(3y)3.55%
ROCE(5y)3.15%
ROICexcg growth 3Y20.77%
ROICexcg growth 5Y12.99%
ROICexc growth 3Y20.3%
ROICexc growth 5Y12.79%
OM growth 3Y-5.03%
OM growth 5Y-3%
PM growth 3Y-2.11%
PM growth 5Y-16.54%
GM growth 3Y-13.85%
GM growth 5Y-7.04%
F-Score6
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.31 | ||
| Debt/FCF | 485.47 | ||
| Debt/EBITDA | 8.62 | ||
| Cap/Depr | 59.82% | ||
| Cap/Sales | 10.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 33.97% | ||
| Profit Quality | 31.73% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 0.42 |
F-Score6
WACC7.14%
ROIC/WACC0.4
Cap/Depr(3y)149.29%
Cap/Depr(5y)164.85%
Cap/Sales(3y)23.05%
Cap/Sales(5y)29.19%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1500%
EPS 3Y-4.47%
EPS 5Y-3.62%
EPS Q2Q%800%
EPS Next Y-86.63%
EPS Next 2Y-39.06%
EPS Next 3Y-27.18%
EPS Next 5YN/A
Revenue 1Y (TTM)-25.72%
Revenue growth 3Y35.61%
Revenue growth 5Y22.46%
Sales Q2Q%60.06%
Revenue Next Year0.56%
Revenue Next 2Y2.51%
Revenue Next 3Y4.06%
Revenue Next 5Y3.96%
EBIT growth 1Y3.11%
EBIT growth 3Y28.78%
EBIT growth 5Y18.79%
EBIT Next Year-42.32%
EBIT Next 3Y27.51%
EBIT Next 5Y17.42%
FCF growth 1Y117.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-44.53%
OCF growth 3Y7.09%
OCF growth 5Y10.6%