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 41 industry peers in the Diversified REITs industry. AOX has a medium profitability rating, but doesn't score so well on its financial health evaluation. AOX has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally 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
Looking at the Return On Assets, with a value of -18.11%, AOX is doing worse than 95.12% of the companies in the same industry.
AOX has a worse Return On Equity (-53.91%) than 95.12% of its industry peers.
AOX has a Return On Invested Capital of 3.23%. This is comparable to the rest of the industry: AOX outperforms 46.34% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AOX is in line with the industry average of 3.99%.
The 3 year average ROIC (2.26%) for AOX is below the current ROIC(3.23%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -18.11% | ||
| ROE | -53.91% | ||
| ROIC | 3.23% |
ROA(3y)-4.29%
ROA(5y)0.4%
ROE(3y)-12.36%
ROE(5y)-2.72%
ROIC(3y)2.26%
ROIC(5y)2.11%
1.3 Margins
AOX has a Operating Margin of 72.50%. This is comparable to the rest of the industry: AOX outperforms 53.66% of its industry peers.
In the last couple of years the Operating Margin of AOX has grown nicely.
With a Gross Margin value of 72.05%, AOX perfoms like the industry average, outperforming 41.46% of the companies in the same 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 | 72.5% | ||
| PM (TTM) | N/A | ||
| GM | 72.05% |
OM growth 3Y5.94%
OM growth 5Y3.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.3%
GM growth 5Y-0.43%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AOX is destroying value.
Compared to 1 year ago, AOX has about the same amount of shares outstanding.
AOX has more shares outstanding than it did 5 years ago.
AOX has a worse debt/assets ratio than last year.
2.2 Solvency
AOX has an Altman-Z score of 0.62. This is a bad value and indicates that AOX is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.62, AOX is not doing good in the industry: 78.05% of the companies in the same industry are doing better.
The Debt to FCF ratio of AOX is 29.68, which is on the high side as it means it would take AOX, 29.68 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 29.68, AOX is not doing good in the industry: 73.17% of the companies in the same industry are doing better.
AOX has a Debt/Equity ratio of 1.37. This is a high value indicating a heavy dependency on external financing.
AOX's Debt to Equity ratio of 1.37 is on the low side compared to the rest of the industry. AOX is outperformed by 90.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | 29.68 | ||
| Altman-Z | 0.62 |
ROIC/WACC0.95
WACC3.4%
2.3 Liquidity
AOX has a Current Ratio of 0.24. This is a bad value and indicates that AOX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.24, AOX is not doing good in the industry: 73.17% of the companies in the same industry are doing better.
A Quick Ratio of 0.24 indicates that AOX may have some problems paying its short term obligations.
With a Quick ratio value of 0.24, AOX is not doing good in the industry: 73.17% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
AOX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -350.68%.
AOX shows a small growth in Revenue. In the last year, the Revenue has grown by 6.97%.
Measured over the past years, AOX shows a decrease in Revenue. The Revenue has been decreasing by -0.19% on average per year.
EPS 1Y (TTM)-350.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-508.19%
Revenue 1Y (TTM)6.97%
Revenue growth 3Y2.23%
Revenue growth 5Y-0.19%
Sales Q2Q%1.88%
3.2 Future
Based on estimates for the next years, AOX will show a very strong growth in Earnings Per Share. The EPS will grow by 30.54% on average per year.
Based on estimates for the next years, AOX will show a small growth in Revenue. The Revenue will grow by 6.78% on average per year.
EPS Next Y73.22%
EPS Next 2Y47.26%
EPS Next 3Y30.54%
EPS Next 5YN/A
Revenue Next Year3.87%
Revenue Next 2Y3.58%
Revenue Next 3Y6.78%
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
The Price/Earnings Ratio is negative for AOX. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 13.96, AOX is valued correctly.
70.73% of the companies in the same industry are cheaper than AOX, based on the Price/Forward Earnings ratio.
AOX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.96 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AOX is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as AOX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.95 | ||
| EV/EBITDA | 18.88 |
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 30.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y47.26%
EPS Next 3Y30.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 50.91%, AOX is a good candidate for dividend investing.
In the last 3 months the price of AOX has falen by -28.57%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
AOX's Dividend Yield is rather good when compared to the industry average which is at 8.11. AOX pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, AOX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 50.91% |
5.2 History
On average, the dividend of AOX grows each year by 21.47%, which is quite nice.
Dividend Growth(5Y)21.47%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
The earnings of AOX are negative and hence is the payout ratio. AOX will probably not be able to sustain this dividend level.
The dividend of AOX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-32.14%
EPS Next 2Y47.26%
EPS Next 3Y30.54%
FRA:AOX (3/27/2025, 7:00:00 PM)
5.5
+0.02 (+0.36%)
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 Cap982.08M
Analysts47.5
Price Target7.45 (35.45%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 50.91% |
Yearly Dividend1.47
Dividend Growth(5Y)21.47%
DP-32.14%
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)54.58%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.96 | ||
| P/S | 4.09 | ||
| P/FCF | 11.95 | ||
| P/OCF | 11.83 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 18.88 |
EPS(TTM)-4.41
EYN/A
EPS(NY)0.39
Fwd EY7.16%
FCF(TTM)0.46
FCFY8.37%
OCF(TTM)0.47
OCFY8.46%
SpS1.35
BVpS8.14
TBVpS8.13
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -18.11% | ||
| ROE | -53.91% | ||
| ROCE | 4.59% | ||
| ROIC | 3.23% | ||
| ROICexc | 3.32% | ||
| ROICexgc | 3.32% | ||
| OM | 72.5% | ||
| PM (TTM) | N/A | ||
| GM | 72.05% | ||
| FCFM | 34.22% |
ROA(3y)-4.29%
ROA(5y)0.4%
ROE(3y)-12.36%
ROE(5y)-2.72%
ROIC(3y)2.26%
ROIC(5y)2.11%
ROICexc(3y)2.38%
ROICexc(5y)2.26%
ROICexgc(3y)2.38%
ROICexgc(5y)2.26%
ROCE(3y)3.21%
ROCE(5y)3%
ROICexcg growth 3Y14.97%
ROICexcg growth 5Y4.01%
ROICexc growth 3Y14.97%
ROICexc growth 5Y4.01%
OM growth 3Y5.94%
OM growth 5Y3.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.3%
GM growth 5Y-0.43%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | 29.68 | ||
| Debt/EBITDA | 11.32 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.25 | ||
| Cash Conversion | 47.21% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 0.62 |
F-Score4
WACC3.4%
ROIC/WACC0.95
Cap/Depr(3y)167.11%
Cap/Depr(5y)109.74%
Cap/Sales(3y)0.79%
Cap/Sales(5y)0.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-350.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-508.19%
EPS Next Y73.22%
EPS Next 2Y47.26%
EPS Next 3Y30.54%
EPS Next 5YN/A
Revenue 1Y (TTM)6.97%
Revenue growth 3Y2.23%
Revenue growth 5Y-0.19%
Sales Q2Q%1.88%
Revenue Next Year3.87%
Revenue Next 2Y3.58%
Revenue Next 3Y6.78%
Revenue Next 5YN/A
EBIT growth 1Y24.67%
EBIT growth 3Y8.3%
EBIT growth 5Y3.22%
EBIT Next Year576.19%
EBIT Next 3Y94.07%
EBIT Next 5YN/A
FCF growth 1Y-5.6%
FCF growth 3Y-5.28%
FCF growth 5Y-5.62%
OCF growth 1Y-5.15%
OCF growth 3Y-4.79%
OCF growth 5Y-5.63%