AROUNDTOWN SA (AT1.DE) Stock Fundamental Analysis
FRA:AT1 - Deutsche Boerse Ag - LU1673108939 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to AT1. AT1 was compared to 73 industry peers in the Real Estate Management & Development industry. While AT1 is still in line with the averages on profitability rating, there are concerns on its financial health. AT1 is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
AT1 had positive earnings in the past year.
AT1 had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AT1 reported negative net income in multiple years.
In the past 5 years AT1 always reported a positive cash flow from operatings.
1.2 Ratios
AT1 has a Return On Assets (0.16%) which is in line with its industry peers.
AT1 has a Return On Equity (0.43%) which is in line with its industry peers.
AT1 has a better Return On Invested Capital (2.09%) than 60.27% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AT1 is in line with the industry average of 3.86%.
The last Return On Invested Capital (2.09%) for AT1 is above the 3 year average (1.96%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.16% | ||
| ROE | 0.43% | ||
| ROIC | 2.09% |
ROA(3y)-2.5%
ROA(5y)-0.75%
ROE(3y)-6.7%
ROE(5y)-2.22%
ROIC(3y)1.96%
ROIC(5y)1.87%
1.3 Margins
AT1 has a better Profit Margin (3.43%) than 60.27% of its industry peers.
In the last couple of years the Profit Margin of AT1 has declined.
The Operating Margin of AT1 (60.07%) is better than 82.19% of its industry peers.
AT1's Operating Margin has declined in the last couple of years.
AT1 has a Gross Margin of 64.33%. This is in the better half of the industry: AT1 outperforms 60.27% of its industry peers.
In the last couple of years the Gross Margin of AT1 has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 60.07% | ||
| PM (TTM) | 3.43% | ||
| GM | 64.33% |
OM growth 3Y-2.54%
OM growth 5Y-3.42%
PM growth 3Y-58.66%
PM growth 5Y-52.79%
GM growth 3Y-0.61%
GM growth 5Y-1.84%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AT1 is destroying value.
Compared to 1 year ago, AT1 has about the same amount of shares outstanding.
Compared to 5 years ago, AT1 has less shares outstanding
AT1 has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.58, we must say that AT1 is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.58, AT1 is doing worse than 63.01% of the companies in the same industry.
The Debt to FCF ratio of AT1 is 18.06, which is on the high side as it means it would take AT1, 18.06 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AT1 (18.06) is better than 65.75% of its industry peers.
AT1 has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
AT1 has a Debt to Equity ratio of 1.05. This is in the lower half of the industry: AT1 underperforms 63.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 18.06 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.8
WACC2.62%
2.3 Liquidity
A Current Ratio of 1.90 indicates that AT1 should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.90, AT1 is doing good in the industry, outperforming 67.12% of the companies in the same industry.
A Quick Ratio of 1.90 indicates that AT1 should not have too much problems paying its short term obligations.
AT1 has a Quick ratio of 1.90. This is in the better half of the industry: AT1 outperforms 76.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.9 |
3. Growth
3.1 Past
AT1 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 102.30%, which is quite impressive.
Looking at the last year, AT1 shows a decrease in Revenue. The Revenue has decreased by -3.77% in the last year.
AT1 shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.49% yearly.
EPS 1Y (TTM)102.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%131.76%
Revenue 1Y (TTM)-3.77%
Revenue growth 3Y10.74%
Revenue growth 5Y16.49%
Sales Q2Q%-24.17%
3.2 Future
AT1 is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -10.40% yearly.
AT1 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.20% yearly.
EPS Next Y-27.41%
EPS Next 2Y-15.2%
EPS Next 3Y-10.98%
EPS Next 5Y-10.4%
Revenue Next Year-1.08%
Revenue Next 2Y-0.5%
Revenue Next 3Y0%
Revenue Next 5Y0.2%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.24, the valuation of AT1 can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of AT1 indicates a rather cheap valuation: AT1 is cheaper than 91.78% of the companies listed in the same industry.
AT1's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.29.
AT1 is valuated reasonably with a Price/Forward Earnings ratio of 10.07.
86.30% of the companies in the same industry are more expensive than AT1, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.17. AT1 is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.24 | ||
| Fwd PE | 10.07 |
4.2 Price Multiples
AT1's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AT1 is cheaper than 78.08% of the companies in the same industry.
AT1's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AT1 is cheaper than 83.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.56 | ||
| EV/EBITDA | 15.53 |
4.3 Compensation for Growth
AT1's earnings are expected to decrease with -10.98% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.2%
EPS Next 3Y-10.98%
5. Dividend
5.1 Amount
No dividends for AT1!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:AT1 (6/3/2025, 4:47:15 PM)
2.896
+0.04 (+1.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners11.13%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.45B
Analysts55.65
Price Target2.85 (-1.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
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)0
Avg Revenue beat(2)-4.68%
Min Revenue beat(2)-5.74%
Max Revenue beat(2)-3.61%
Revenue beat(4)0
Avg Revenue beat(4)-3.93%
Min Revenue beat(4)-5.74%
Max Revenue beat(4)-1.9%
Revenue beat(8)2
Avg Revenue beat(8)1.27%
Revenue beat(12)6
Avg Revenue beat(12)1.73%
Revenue beat(16)7
Avg Revenue beat(16)4.13%
PT rev (1m)-1.01%
PT rev (3m)-4.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.78%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.5%
Revenue NY rev (1m)-3.63%
Revenue NY rev (3m)-0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.24 | ||
| Fwd PE | 10.07 | ||
| P/S | 2.89 | ||
| P/FCF | 5.56 | ||
| P/OCF | 5.43 | ||
| P/B | 0.37 | ||
| P/tB | 0.4 | ||
| EV/EBITDA | 15.53 |
EPS(TTM)0.4
EY13.81%
EPS(NY)0.29
Fwd EY9.93%
FCF(TTM)0.52
FCFY17.98%
OCF(TTM)0.53
OCFY18.41%
SpS1
BVpS7.92
TBVpS7.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.16% | ||
| ROE | 0.43% | ||
| ROCE | 3.02% | ||
| ROIC | 2.09% | ||
| ROICexc | 2.38% | ||
| ROICexgc | 2.48% | ||
| OM | 60.07% | ||
| PM (TTM) | 3.43% | ||
| GM | 64.33% | ||
| FCFM | 51.88% |
ROA(3y)-2.5%
ROA(5y)-0.75%
ROE(3y)-6.7%
ROE(5y)-2.22%
ROIC(3y)1.96%
ROIC(5y)1.87%
ROICexc(3y)2.15%
ROICexc(5y)2.06%
ROICexgc(3y)2.24%
ROICexgc(5y)2.14%
ROCE(3y)2.84%
ROCE(5y)2.7%
ROICexcg growth 3Y10.97%
ROICexcg growth 5Y3.78%
ROICexc growth 3Y11.29%
ROICexc growth 5Y2.92%
OM growth 3Y-2.54%
OM growth 5Y-3.42%
PM growth 3Y-58.66%
PM growth 5Y-52.79%
GM growth 3Y-0.61%
GM growth 5Y-1.84%
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 18.06 | ||
| Debt/EBITDA | 13.48 | ||
| Cap/Depr | 95.54% | ||
| Cap/Sales | 1.25% | ||
| Interest Coverage | 3.97 | ||
| Cash Conversion | 86.57% | ||
| Profit Quality | 1512.67% | ||
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.9 | ||
| Altman-Z | 0.58 |
F-Score6
WACC2.62%
ROIC/WACC0.8
Cap/Depr(3y)103.72%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.3%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)102.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%131.76%
EPS Next Y-27.41%
EPS Next 2Y-15.2%
EPS Next 3Y-10.98%
EPS Next 5Y-10.4%
Revenue 1Y (TTM)-3.77%
Revenue growth 3Y10.74%
Revenue growth 5Y16.49%
Sales Q2Q%-24.17%
Revenue Next Year-1.08%
Revenue Next 2Y-0.5%
Revenue Next 3Y0%
Revenue Next 5Y0.2%
EBIT growth 1Y-0.68%
EBIT growth 3Y2.57%
EBIT growth 5Y7.69%
EBIT Next Year3.72%
EBIT Next 3Y2.96%
EBIT Next 5YN/A
FCF growth 1Y4.6%
FCF growth 3Y-22.11%
FCF growth 5Y5.7%
OCF growth 1Y4.9%
OCF growth 3Y-21.49%
OCF growth 5Y6.1%