ALSTRIA OFFICE REIT-AG (AOX.DE) Stock Fundamental Analysis
FRA:AOX - Deutsche Boerse Ag - DE000A0LD2U1 - REIT - Currency: EUR
Taking everything into account, AOX scores 3 out of 10 in our fundamental rating. AOX was compared to 40 industry peers in the Diversified REITs industry. Both the profitability and financial health of AOX have multiple concerns. While showing a medium growth rate, AOX is valued expensive at the moment. AOX also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year AOX has reported negative net income.
In the past year AOX had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AOX reported negative net income in multiple years.
In the past 5 years AOX always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AOX (-2.26%) is worse than 77.27% of its industry peers.
Looking at the Return On Equity, with a value of -6.57%, AOX is doing worse than 84.09% of the companies in the same industry.
With a Return On Invested Capital value of 2.15%, AOX is not doing good in the industry: 77.27% of the companies in the same industry are doing better.
AOX had an Average Return On Invested Capital over the past 3 years of 2.48%. This is in line with the industry average of 3.64%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.26% | ||
| ROE | -6.57% | ||
| ROIC | 2.15% |
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 has a Operating Margin of 54.03%. This is in the lower half of the industry: AOX underperforms 70.45% of its industry peers.
In the last couple of years the Operating Margin of AOX has declined.
AOX has a Gross Margin (72.98%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of AOX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.03% | ||
| PM (TTM) | N/A | ||
| GM | 72.99% |
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
AOX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AOX remains at a similar level compared to 1 year ago.
AOX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AOX has an improved debt to assets ratio.
2.2 Solvency
AOX has an Altman-Z score of 0.70. This is a bad value and indicates that AOX is not financially healthy and even has some risk of bankruptcy.
AOX has a worse Altman-Z score (0.70) than 70.45% of its industry peers.
The Debt to FCF ratio of AOX is 55.34, which is on the high side as it means it would take AOX, 55.34 years of fcf income to pay off all of its debts.
AOX has a worse Debt to FCF ratio (55.34) than 75.00% of its industry peers.
A Debt/Equity ratio of 1.51 is on the high side and indicates that AOX has dependencies on debt financing.
The Debt to Equity ratio of AOX (1.51) is worse than 86.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 55.34 | ||
| Altman-Z | 0.7 |
ROIC/WACC0.59
WACC3.66%
2.3 Liquidity
A Current Ratio of 0.79 indicates that AOX may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.79, AOX is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
AOX has a Quick Ratio of 0.79. This is a bad value and indicates that AOX is not financially healthy enough and could expect problems in meeting its short term obligations.
AOX's Quick ratio of 0.79 is fine compared to the rest of the industry. AOX outperforms 65.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
AOX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 83.11%, which is quite impressive.
Looking at the last year, AOX shows a small growth in Revenue. The Revenue has grown by 2.16% in the last year.
AOX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.27% yearly.
EPS 1Y (TTM)83.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.49%
Revenue 1Y (TTM)2.16%
Revenue growth 3Y2.43%
Revenue growth 5Y1.27%
Sales Q2Q%-0.76%
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
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
AOX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 20.44 indicates a rather expensive valuation of AOX.
Based on the Price/Forward Earnings ratio, AOX is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.13, AOX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.44 |
4.2 Price Multiples
AOX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AOX is more expensive than 68.18% of the companies in the same industry.
AOX's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. AOX is more expensive than 68.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.57 | ||
| EV/EBITDA | 26.34 |
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.
A more expensive valuation may be justified as AOX's earnings are expected to grow with 56.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y56.58%
EPS Next 3YN/A
5. Dividend
5.1 Amount
AOX has a Yearly Dividend Yield of 48.45%, which is a nice return.
Compared to an average industry Dividend Yield of 5.55, AOX pays a better dividend. On top of this AOX pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, AOX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 48.45% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
0.19% of the earnings are spent on dividend by AOX. This is a low number and sustainable payout ratio.
DP0.19%
EPS Next 2Y56.58%
EPS Next 3YN/A
FRA:AOX (5/23/2025, 7:00:00 PM)
5.78
-0.04 (-0.69%)
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 Cap1.03B
Analysts47.5
Price Target7.45 (28.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 48.45% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0.19%
Div Incr Years0
Div Non Decr Years0
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)0%
Revenue NY rev (3m)-2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.44 | ||
| P/S | 4.32 | ||
| P/FCF | 22.57 | ||
| P/OCF | 22.25 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 26.34 |
EPS(TTM)-0.59
EYN/A
EPS(NY)0.28
Fwd EY4.89%
FCF(TTM)0.26
FCFY4.43%
OCF(TTM)0.26
OCFY4.5%
SpS1.34
BVpS8.63
TBVpS8.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.26% | ||
| ROE | -6.57% | ||
| ROCE | 3.06% | ||
| ROIC | 2.15% | ||
| ROICexc | 2.22% | ||
| ROICexgc | 2.22% | ||
| OM | 54.03% | ||
| PM (TTM) | N/A | ||
| GM | 72.99% | ||
| FCFM | 19.16% |
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 | 1.51 | ||
| Debt/FCF | 55.34 | ||
| Debt/EBITDA | 17.91 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.74 | ||
| Cash Conversion | 35.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 0.7 |
F-Score6
WACC3.66%
ROIC/WACC0.59
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)83.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.49%
EPS Next Y150%
EPS Next 2Y56.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.16%
Revenue growth 3Y2.43%
Revenue growth 5Y1.27%
Sales Q2Q%-0.76%
Revenue Next Year1.21%
Revenue Next 2Y11.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-22.89%
EBIT growth 3Y1.06%
EBIT growth 5Y-0.8%
EBIT Next Year188.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-54.43%
FCF growth 3Y-6.83%
FCF growth 5Y-5.46%
OCF growth 1Y-54.28%
OCF growth 3Y-7.46%
OCF growth 5Y-5.39%