ALTAREA (ALTA.PA) Stock Fundamental Analysis
EPA:ALTA - Euronext Paris - Matif - FR0000033219 - REIT - Currency: EUR
ALTA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 6 industry peers in the Residential REITs industry. ALTA scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. ALTA has a decent growth rate and is not valued too expensively. Finally ALTA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ALTA was profitable.
ALTA had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ALTA reported negative net income in multiple years.
ALTA 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%, ALTA is in line with its industry, outperforming 50.00% of the companies in the same industry.
With a Return On Equity value of 1.94%, ALTA perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Return On Invested Capital of ALTA (3.84%) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 1.94% | ||
| ROIC | 3.84% |
ROA(3y)-0.67%
ROA(5y)-0.64%
ROE(3y)-4.31%
ROE(5y)-4.2%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 0.83%, ALTA is in line with its industry, outperforming 50.00% of the companies in the same industry.
ALTA's Profit Margin has declined in the last couple of years.
ALTA has a worse Operating Margin (7.69%) than 66.67% of its industry peers.
In the last couple of years the Operating Margin of ALTA has declined.
ALTA's Gross Margin of 21.20% is on the low side compared to the rest of the industry. ALTA is outperformed by 66.67% of its industry peers.
In the last couple of years the Gross Margin of ALTA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.69% | ||
| PM (TTM) | 0.83% | ||
| GM | 21.2% |
OM growth 3Y-3.85%
OM growth 5Y-3.69%
PM growth 3Y-68.4%
PM growth 5Y-50.63%
GM growth 3Y-3.36%
GM growth 5Y-2.04%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ALTA is destroying value.
Compared to 1 year ago, ALTA has more shares outstanding
Compared to 5 years ago, ALTA has more shares outstanding
The debt/assets ratio for ALTA is higher compared to a year ago.
2.2 Solvency
ALTA has an Altman-Z score of 1.06. This is a bad value and indicates that ALTA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ALTA (1.06) is better than 100.00% of its industry peers.
ALTA has a debt to FCF ratio of 7.56. This is a slightly negative value and a sign of low solvency as ALTA would need 7.56 years to pay back of all of its debts.
ALTA has a Debt to FCF ratio of 7.56. This is amongst the best in the industry. ALTA outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 1.36 is on the high side and indicates that ALTA has dependencies on debt financing.
The Debt to Equity ratio of ALTA (1.36) is worse than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 7.56 | ||
| Altman-Z | 1.06 |
ROIC/WACC0.53
WACC7.29%
2.3 Liquidity
ALTA has a Current Ratio of 1.25. This is a normal value and indicates that ALTA is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.25, ALTA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 0.88 indicates that ALTA may have some problems paying its short term obligations.
ALTA has a Quick ratio of 0.88. This is amongst the best in the industry. ALTA outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 106.73% over the past year.
ALTA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -54.21% yearly.
ALTA shows a strong growth in Revenue. In the last year, the Revenue has grown by 46.22%.
The Revenue has been decreasing by -2.30% on average over the past years.
EPS 1Y (TTM)106.73%
EPS 3Y-71.01%
EPS 5Y-54.21%
EPS Q2Q%101.27%
Revenue 1Y (TTM)46.22%
Revenue growth 3Y-2.96%
Revenue growth 5Y-2.3%
Sales Q2Q%89.33%
3.2 Future
ALTA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.41% yearly.
Based on estimates for the next years, ALTA will show a decrease in Revenue. The Revenue will decrease by -0.60% on average per year.
EPS Next Y13.51%
EPS Next 2Y26.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.31%
Revenue Next 2Y-0.6%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 66.71, ALTA can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ALTA is valued a bit cheaper than 66.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of ALTA to the average of the S&P500 Index (28.63), we can say ALTA is valued expensively.
A Price/Forward Earnings ratio of 14.71 indicates a correct valuation of ALTA.
ALTA's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of ALTA to the average of the S&P500 Index (21.72), we can say ALTA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.71 | ||
| Fwd PE | 14.71 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than ALTA, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ALTA indicates a rather cheap valuation: ALTA is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.24 | ||
| EV/EBITDA | 11.62 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ALTA's earnings are expected to grow with 26.41% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.94
PEG (5Y)N/A
EPS Next 2Y26.41%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.71%, ALTA is a good candidate for dividend investing.
ALTA's Dividend Yield is rather good when compared to the industry average which is at 6.20. ALTA pays more dividend than 100.00% of the companies in the same industry.
ALTA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.71% |
5.2 History
The dividend of ALTA has a limited annual growth rate of 3.33%.
Dividend Growth(5Y)3.33%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
513.37% of the earnings are spent on dividend by ALTA. This is not a sustainable payout ratio.
The dividend of ALTA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP513.37%
EPS Next 2Y26.41%
EPS Next 3YN/A
EPA:ALTA (3/21/2025, 7:00:00 PM)
103.4
-0.4 (-0.39%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners35.25%
Inst Owner ChangeN/A
Ins Owners46.21%
Ins Owner ChangeN/A
Market Cap2.26B
Analysts80
Price Target111.69 (8.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.71% |
Yearly Dividend7.95
Dividend Growth(5Y)3.33%
DP513.37%
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)2.82%
PT rev (3m)-0.9%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-22.63%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-6.1%
Revenue NY rev (3m)3.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.71 | ||
| Fwd PE | 14.71 | ||
| P/S | 0.57 | ||
| P/FCF | 6.24 | ||
| P/OCF | 5.24 | ||
| P/B | 1.34 | ||
| P/tB | 1.7 | ||
| EV/EBITDA | 11.62 |
EPS(TTM)1.55
EY1.5%
EPS(NY)7.03
Fwd EY6.8%
FCF(TTM)16.56
FCFY16.02%
OCF(TTM)19.74
OCFY19.09%
SpS181.09
BVpS77.37
TBVpS60.96
PEG (NY)4.94
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 1.94% | ||
| ROCE | 5.3% | ||
| ROIC | 3.84% | ||
| ROICexc | 4.45% | ||
| ROICexgc | 4.8% | ||
| OM | 7.69% | ||
| PM (TTM) | 0.83% | ||
| GM | 21.2% | ||
| FCFM | 9.15% |
ROA(3y)-0.67%
ROA(5y)-0.64%
ROE(3y)-4.31%
ROE(5y)-4.2%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-2.57%
ROICexcg growth 5Y-1.55%
ROICexc growth 3Y-3.01%
ROICexc growth 5Y-1.93%
OM growth 3Y-3.85%
OM growth 5Y-3.69%
PM growth 3Y-68.4%
PM growth 5Y-50.63%
GM growth 3Y-3.36%
GM growth 5Y-2.04%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 7.56 | ||
| Debt/EBITDA | 6.54 | ||
| Cap/Depr | 147.15% | ||
| Cap/Sales | 1.76% | ||
| Interest Coverage | 1.99 | ||
| Cash Conversion | 122.74% | ||
| Profit Quality | 1102.43% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 1.06 |
F-Score6
WACC7.29%
ROIC/WACC0.53
Cap/Depr(3y)105.27%
Cap/Depr(5y)179.99%
Cap/Sales(3y)1.81%
Cap/Sales(5y)2.61%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)106.73%
EPS 3Y-71.01%
EPS 5Y-54.21%
EPS Q2Q%101.27%
EPS Next Y13.51%
EPS Next 2Y26.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)46.22%
Revenue growth 3Y-2.96%
Revenue growth 5Y-2.3%
Sales Q2Q%89.33%
Revenue Next Year-6.31%
Revenue Next 2Y-0.6%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y293.1%
EBIT growth 3Y-6.7%
EBIT growth 5Y-5.9%
EBIT Next Year80.87%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.07%
FCF growth 3Y50.03%
FCF growth 5Y19.93%
OCF growth 1Y30.8%
OCF growth 3Y26.41%
OCF growth 5Y5.03%