ALSTRIA OFFICE REIT-AG (AOX.DE) Stock Fundamental Analysis
FRA:AOX - Deutsche Boerse Ag - DE000A0LD2U1 - REIT - Currency: EUR
AOX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 42 industry peers in the Diversified REITs industry. Both the profitability and financial health of AOX have multiple concerns. AOX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
AOX had negative earnings in the past year.
In the past year AOX had a positive cash flow from operations.
In multiple years AOX reported negative net income over the last 5 years.
Each year in the past 5 years AOX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -2.40%, AOX is doing worse than 78.57% of the companies in the same industry.
Looking at the Return On Equity, with a value of -6.94%, AOX is doing worse than 83.33% of the companies in the same industry.
With a Return On Invested Capital value of 2.37%, AOX is not doing good in the industry: 73.81% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for AOX is in line with the industry average of 3.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.4% | ||
| ROE | -6.94% | ||
| ROIC | 2.37% |
ROA(3y)-6.42%
ROA(5y)-2.39%
ROE(3y)-16.74%
ROE(5y)-7.76%
ROIC(3y)2.48%
ROIC(5y)2.2%
1.3 Margins
AOX's Operating Margin of 53.93% is on the low side compared to the rest of the industry. AOX is outperformed by 71.43% of its industry peers.
AOX's Operating Margin has declined in the last couple of years.
AOX has a Gross Margin of 71.85%. This is comparable to the rest of the industry: AOX outperforms 40.48% of its industry peers.
AOX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.93% | ||
| PM (TTM) | N/A | ||
| GM | 71.85% |
OM growth 3Y-1.33%
OM growth 5Y-2.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.69%
GM growth 5Y-0.2%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AOX is destroying value.
The number of shares outstanding for AOX remains at a similar level compared to 1 year ago.
Compared to 5 years ago, AOX has more shares outstanding
The debt/assets ratio for AOX has been reduced compared to a year ago.
2.2 Solvency
AOX has an Altman-Z score of 0.61. 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 0.61. This is in the lower half of the industry: AOX underperforms 76.19% of its industry peers.
AOX has a debt to FCF ratio of 26.37. This is a negative value and a sign of low solvency as AOX would need 26.37 years to pay back of all of its debts.
AOX has a worse Debt to FCF ratio (26.37) than 64.29% of its industry peers.
A Debt/Equity ratio of 1.31 is on the high side and indicates that AOX has dependencies on debt financing.
AOX has a worse Debt to Equity ratio (1.31) than 88.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 26.37 | ||
| Altman-Z | 0.61 |
ROIC/WACC0.64
WACC3.73%
2.3 Liquidity
A Current Ratio of 0.18 indicates that AOX may have some problems paying its short term obligations.
The Current ratio of AOX (0.18) is worse than 78.57% of its industry peers.
A Quick Ratio of 0.18 indicates that AOX may have some problems paying its short term obligations.
AOX has a Quick ratio of 0.18. This is in the lower half of the industry: AOX underperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
AOX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 83.44%, which is quite impressive.
AOX shows a small growth in Revenue. In the last year, the Revenue has grown by 3.90%.
The Revenue has been growing slightly by 1.27% on average over the past years.
EPS 1Y (TTM)83.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%107.82%
Revenue 1Y (TTM)3.9%
Revenue growth 3Y2.43%
Revenue growth 5Y1.27%
Sales Q2Q%-1.74%
3.2 Future
The Earnings Per Share is expected to grow by 56.58% on average over the next years. This is a very strong growth
AOX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.38% yearly.
EPS Next Y150%
EPS Next 2Y56.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.21%
Revenue Next 2Y11.38%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
AOX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 18.59 indicates a rather expensive valuation of AOX.
73.81% 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 20.42, AOX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 18.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AOX is valued a bit more expensive than 71.43% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AOX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.34 | ||
| EV/EBITDA | 25.92 |
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 56.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y56.58%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 48.78%, AOX is a good candidate for dividend investing.
AOX's Dividend Yield is rather good when compared to the industry average which is at 7.56. AOX pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, AOX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 48.78% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
DP0%
EPS Next 2Y56.58%
EPS Next 3YN/A
FRA:AOX (5/8/2025, 7:00:00 PM)
5.82
0 (0%)
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 Cap1.04B
Analysts47.5
Price Target7.45 (28.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 48.78% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
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)-20.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2%
Revenue NY rev (3m)-2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 18.59 | ||
| P/S | 4.34 | ||
| P/FCF | 11.34 | ||
| P/OCF | 11.26 | ||
| P/B | 0.69 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 25.92 |
EPS(TTM)-0.61
EYN/A
EPS(NY)0.31
Fwd EY5.38%
FCF(TTM)0.51
FCFY8.82%
OCF(TTM)0.52
OCFY8.88%
SpS1.34
BVpS8.44
TBVpS8.44
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.4% | ||
| ROE | -6.94% | ||
| ROCE | 3.36% | ||
| ROIC | 2.37% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.41% | ||
| OM | 53.93% | ||
| PM (TTM) | N/A | ||
| GM | 71.85% | ||
| FCFM | 38.33% |
ROA(3y)-6.42%
ROA(5y)-2.39%
ROE(3y)-16.74%
ROE(5y)-7.76%
ROIC(3y)2.48%
ROIC(5y)2.2%
ROICexc(3y)2.58%
ROICexc(5y)2.32%
ROICexgc(3y)2.58%
ROICexgc(5y)2.32%
ROCE(3y)3.53%
ROCE(5y)3.13%
ROICexcg growth 3Y9.91%
ROICexcg growth 5Y2.7%
ROICexc growth 3Y9.9%
ROICexc growth 5Y2.7%
OM growth 3Y-1.33%
OM growth 5Y-2.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.69%
GM growth 5Y-0.2%
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 26.37 | ||
| Debt/EBITDA | 15.1 | ||
| Cap/Depr | 37.74% | ||
| Cap/Sales | 0.25% | ||
| Interest Coverage | 1.72 | ||
| Cash Conversion | 70.67% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | 0.61 |
F-Score6
WACC3.73%
ROIC/WACC0.64
Cap/Depr(3y)70.24%
Cap/Depr(5y)112.1%
Cap/Sales(3y)0.41%
Cap/Sales(5y)0.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)83.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%107.82%
EPS Next Y150%
EPS Next 2Y56.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.9%
Revenue growth 3Y2.43%
Revenue growth 5Y1.27%
Sales Q2Q%-1.74%
Revenue Next Year1.21%
Revenue Next 2Y11.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-21.32%
EBIT growth 3Y1.06%
EBIT growth 5Y-0.8%
EBIT Next Year188.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y4.75%
FCF growth 3Y-6.83%
FCF growth 5Y-5.46%
OCF growth 1Y3.57%
OCF growth 3Y-7.46%
OCF growth 5Y-5.39%