Analyse-artikel • Sep 09

Aaron's Company (NYSE:AAN) Has Affirmed Its Dividend Of $0.125

The Aaron's Company, Inc. ( NYSE:AAN ) will pay a dividend of $0.125 on the 3rd of October. The dividend yield will be...

Analyse-artikel • Aug 15

Aaron's Company (NYSE:AAN) Is Due To Pay A Dividend Of $0.125

The Aaron's Company, Inc.'s ( NYSE:AAN ) investors are due to receive a payment of $0.125 per share on 3rd of October...

Analyse-artikel • Jun 18

Subdued Growth No Barrier To The Aaron's Company, Inc. (NYSE:AAN) With Shares Advancing 33%

The Aaron's Company, Inc. ( NYSE:AAN ) shares have continued their recent momentum with a 33% gain in the last month...

Seeking Alpha • Jun 18

The Aaron's Company: A Bittersweet Ending

Summary The Aaron's Company agrees to be acquired by IQVentures Holdings, LLC for $10.10 per share, a 34% premium. Despite recent financial struggles, the company's stock price is still undervalued compared to similar enterprises. The deal represents a low price for the company, providing a quick payday for investors but limiting future upside potential. Read the full article on Seeking Alpha

Analyse-artikel • Jun 01

Aaron's Company (NYSE:AAN) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Analyse-artikel • May 10

Aaron's Company's (NYSE:AAN) Dividend Will Be $0.125

The Aaron's Company, Inc.'s ( NYSE:AAN ) investors are due to receive a payment of $0.125 per share on 3rd of July...

Analyse-artikel • May 08

The The Aaron's Company, Inc. (NYSE:AAN) First-Quarter Results Are Out And Analysts Have Published New Forecasts

Investors in The Aaron's Company, Inc. ( NYSE:AAN ) had a good week, as its shares rose 7.4% to close at US$7.28...

Seeking Alpha • Mar 11

The Aaron's Company: Sustainable Yield With Limited Downside

Summary Aaron's stock is undervalued, reaching all-time lows, with a high dividend yield of 7%. The company is a leading lease-to-own retailer with a strong e-commerce business and a focus on core products. The company's e-commerce efforts and investments in technology are driving increased demand and convenience for customers. Shares are a buy with a price target of $10. Read the full article on Seeking Alpha

Analyse-artikel • Feb 29

Risks Still Elevated At These Prices As The Aaron's Company, Inc. (NYSE:AAN) Shares Dive 25%

The Aaron's Company, Inc. ( NYSE:AAN ) shares have had a horrible month, losing 25% after a relatively good period...

Analyse-artikel • Feb 28

Estimating The Intrinsic Value Of The Aaron's Company, Inc. (NYSE:AAN)

Key Insights Aaron's Company's estimated fair value is US$9.65 based on 2 Stage Free Cash Flow to Equity With US$8.52...

Analyse-artikel • Dec 06

At US$9.97, Is The Aaron's Company, Inc. (NYSE:AAN) Worth Looking At Closely?

The Aaron's Company, Inc. ( NYSE:AAN ), might not be a large cap stock, but it saw a significant share price rise of...

Analyse-artikel • Nov 15

Investors Could Be Concerned With Aaron's Company's (NYSE:AAN) Returns On Capital

When researching a stock for investment, what can tell us that the company is in decline? More often than not, we'll...

Seeking Alpha • Oct 28

The Aaron's Company: Uncertainty Ahead And Uncompelling Financials

Summary AAN’s revenue has grown at a CAGR of +4%, while EBITDA has stagnated. The company is losing relevance in our view, with lower growth and margins compared to its peers. AAN’s business model has declined in attractiveness, owing to a number of factors, including record low interest rates for over a decade (prior to the last 24 months). We believe the company is now very much a niche, only truly being attractive to those with significantly poor credit. Beyond this, consumers are better off utilizing credit. AAN’s recent performance has slowed, with a revenue decline of (13.1)% in its most recent quarter. We attribute this to the macroeconomic environment, with further pain ahead. We do not see LTOs remaining resilient. AAN appears undervalued, but we struggle to see the long-term upside for investors. Growth appears mild, and margins have little room to improve. Its peers appear better positioned and will be less cyclical. Read the full article on Seeking Alpha

Analyse-artikel • Oct 24

The Aaron's Company, Inc.'s (NYSE:AAN) Intrinsic Value Is Potentially 58% Above Its Share Price

Key Insights The projected fair value for Aaron's Company is US$14.01 based on 2 Stage Free Cash Flow to Equity Current...

Seeking Alpha • Aug 18

Aaron's Company: Not The LTO You Want To Own

Summary Aaron's has been lagging in growth compared to other lease-to-own providers, Upbound Group and PROG Holdings facing market share loss to virtual LTO. It operates in an LTO industry which can have secular tailwinds as credit tightening amidst prolonged macro weakness could force more consumers in the LTO market. AAN has been making strategic shifts including store consolidation and the launch of GenNext stores, however, that has not translated into earnings. We believe AAN is likely to underperform the overall LTO industry and ascribe a neutral rating. Read the full article on Seeking Alpha

Analyse-artikel • Aug 04

Be Wary Of Aaron's Company (NYSE:AAN) And Its Returns On Capital

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...

Analyse-artikel • Jul 03

Estimating The Fair Value Of The Aaron's Company, Inc. (NYSE:AAN)

Key Insights The projected fair value for Aaron's Company is US$12.87 based on 2 Stage Free Cash Flow to Equity Current...

Analyse-artikel • Jun 07

Is Now The Time To Look At Buying The Aaron's Company, Inc. (NYSE:AAN)?

The Aaron's Company, Inc. ( NYSE:AAN ), might not be a large cap stock, but it saw a significant share price rise of...

Seeking Alpha • May 30

Aaron's: I Believe My Thesis Was Correct - Moving On To Q1 2023

Summary Aaron's is a market leader in the lease-to-own segment, specifically in furniture, electronics, appliances, and other home goods, and this is the second time I review it. The company has solid gross margins, operating margins, and ROCE, ROE, and ROIC trends, but is currently overvalued and faces risks if the economic downturn lasts longer than expected. I'm currently maintaining a "hold" rating on AAN, with a price target of $10/share, as the risk/reward is unfavorable at its current price. Read the full article on Seeking Alpha

Analyse-artikel • Apr 12

Returns On Capital At Aaron's Company (NYSE:AAN) Have Stalled

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Analyse-artikel • Mar 03

Estimating The Fair Value Of The Aaron's Company, Inc. (NYSE:AAN)

Key Insights Aaron's Company's estimated fair value is US$14.04 based on 2 Stage Free Cash Flow to Equity With US$12.37...

Seeking Alpha • Feb 03

The Aaron's: Is The Company Cheap Enough For A Market Leader?

Summary The lease-to-own model has seen significant increase in interest and expansion in business over the past few years. Aaron's is the US market leader in the segment. A reader requested that I take a closer look at the business to determine whether it has an upside, as it has been trading "down" for some time. My stance on Aaron's is cautious - I consider the company's business model risky, and the company lacks the history to justify conviction here. Dear readers/followers, In this article, we're going to be taking a first look at Aaron's (AAN), a market-leading player in the field of leasing (lease-to-own) as well as retail purchase solutions in the theoretically attractive fields of furniture, electronics, appliances, and other home goods. This is a growing market, and though we haven't seen the sort of breakthrough for the business model in other areas in the world (such as where I live), the sector nonetheless has appeal in the geographies where Aaron operates. The company isn't new - it was founded all the way back in 1955 and is headquartered in Atlanta, Georgia. The company, in its current iteration and split, has a market capitalization of less than a billion dollars - $450M to be exact. So, let's break down what we're buying/investing in, and why it's a good idea to do so. Aaron's - What the company is & does So, the first thing you want to know is that Aaron's has been through a number of corporate changes over the past 20 years. In 2008, the company sold its corporate furnishing to CORT Businesses services, a part of Berkshire (BRK.B). The company further split its operations only 2 years back in 2020, when it split into PROG Holdings (PRG) and Aarons. PROG, or progressive leasing, is the fintech holding company with segments in progressive leasing, Vive Financial, and ancillary segments. Aaron's meanwhile retains the 1,034 and 234 company and franchised stores found in 47 states and Canada. AAN IR (AAN IR) So, the company focuses on leasing, or LTO of these aforementioned products. The core arguments for using AAN for the customers lies in excellent customer service, good value, competitive monthly payments as opposed to large one-time payment, good cost of ownership, good approval rates and flexibility on the leasing. The company naturally also provides hassle-free delivery options, setups, services, and returns, and the ability to pause and resume leasing without any penalty to the customer - this is part of what sets AAN apart from other LTO companies I've looked at, reviewed, and worked with. AAN IR (AAN IR) The big news for 2022 is the BrandsMart acquisitions. On February 23, 2022, the Company entered into a definitive agreement to acquire 100% ownership of Interbond Corporation of America, doing business as BrandsMart U.S.A. This was one of the company's competitors in certain fields and had a history going back to 1977, bought in this case for $230M in cash. Since it's 2022 business change, the company is working from a strategic plan that involves: Deliver efficiency in the company's store footprint in relation to customer opportunities. This is done with the GenNext store concept, which features larger store rooms, refined operating considerations, and a streamlined customer process. Increasing the use of tech, so to speak, as many companies are doing. AAN IR (AAN IR) Simplify the customer experience, promotion through increased marketing with more attractive omnichannel marketing, including a technology-driven sales program. In short, the company is seeking to use more digital tools, leverage those digital tools, and really present what the company offers in terms of wares in a very appealing way. Part of the company's argument for investing is exactly that it's not just online-based, but that the company has a whole host of attractively-presented stores, and that the selection and its portfolio have made it a recognized, nationwide leader in LTO. This is evidenced by a repeat customer rate of 67% for new leases, which is very impressive. The company also allows franchising, and together with the franchise stores, the company had about 1.1M customers with active leases, which once again is very impressive. The company also owns distribution - 2,300 trucks located throughout the network means that the company can fulfill most orders themselves, in the form of last-mile and reverse-logistical capacities in most markets. All Aaron’s stores have a dedicated logistics team and infrastructure that enable the company to offer our customers complimentary, prompt delivery, in-home set-up, product repair, or replacement services. The stores also offer refurbishment services, allowing AAN to provide pre-leased products for lease or sales and maximize inventory turnaround. Furthermore, the company offers in-house upholstered furniture and manufacturing of bedding - through which they can produce no less than 1.5M units per year with its 800k sqft of manufacturing capacity - five furniture and six mattress locations. This gives the company quality and product control, as well as some risks associated with its own manufacturing. The company has its operations in only one operating segment. The typical lease structure for a standard LTO is a 12-24 leasing option, with the payment options of weekly, semi-monthly, or monthly lease renewal payments. The customer can also bring the product back at any time, with no penalty, except for paying the accrued leasing period and any damages to the product that may have been incurred. The fact that the company's services are also available to credit-challenged customers means that it's not just customers in need of temporary merchandise or trying a product at home that are likely to want the company's services, and the repeat customer behavior mostly cements this positive thesis/case. The company does not have a credit rating worth mentioning, but it does yield around 3%, and that payout is well-covered with an adjusted EPS payout ratio of less than 40%. From a high level, the company is attractive. What I mean is that AAN manages a 58-63% gross margin, going down to around 7.5-12.5% operating margins, and a net margin of around 4-6% to the bottom line. It's not the best I've seen, but for the business that AAN is in, it's attractive. The company does have debt, but it's not worryingly high at just about 50% debt/cap. AAN is unlikely to be a significant grower going forward. While GAAP will likely increase, the average estimated annual EPS growth rate is around negative 1.35% at this time - though this also includes the impact from the 2022E fiscal, which is set to come in around 40%+ lower than YoY, and for 2023 to be negative as well. 3Q22 results are the latest results we have for AAN. The company keeps chipping away at its debt, reducing it by around $46M in 3Q22. Top-line growth is good. AAN IR (AAN IR) AAN is relatively undercovered on SA - though not as much as some companies. This is a business model that has proven resilient not through one, not two, but many, many economic downturns. The company's approach is logical. What needs looking into is not allowing the operation of unprofitable stores. Unfortunately, we do not have unit-level numbers, so we need to trust the company to be able and motivated to close unprofitable operations and manage its portfolio efficiently. The recent history of the company has seen significant declines, and this has to do with impairments and write-offs, as well as macro conditions. Remember, AAN at one point traded close to $35/share. It's no longer close to $10, but we're barely at $15 here. Let's look at what we have in terms of Aaron's valuation. The Aaron's Company - Valuation So, the valuation for this company isn't as positive or as stable as the most recent articles may suggest. First things first - peers and competitors - Aaron's has none. You could argue the bedding and mattress business competes with businesses like Leggett & Platt (LEG), but this would be a stretch given the mix and volume of that business and the way they operate. So peers are a no-go here. Because of the differences in sectors, you can't really argue that other companies in ancillary sectors that lease completely different products are competitors either. However, we do have analysts and forecasts. As I mentioned, based on the current set of market forecasts, the company is essentially slated to be about flat for the next few years. This is also reflected in a very conservative set of analyst price targets for AAN. 6 analysts follow the company. Out of those, we start at a low PT of $6.5 and go up to around $20 on the high end. The average from these analysts comes to around $13.92, which is below the current price of $14.9, and implies an overvaluation of around 6.5%. 2 out of those 6 analysts are currently at a "BUY" rating, with the rest at "HOLD" or Underperform ratings. Now, tendentially, I would agree with this. The reason is that based on a normalized P/E ratio for the past few years, the company usually trades at a range of 6-8x P/E. For that range, the company's forecast implies trivial and market-underperforming RoR at less than 4% annually to around 6.5x. AAN Upside (F.A.S.T Graphs) The fact that the company has positively outperformed analyst forecasts doesn't really matter - there's too little data for this to be relevant enough to include it in the calculation for the company, as I see it. While it's entirely possible that the company will deliver growth after 2022-2023E, I don't see it happening prior to that, and this complicates things. The reason is that there are plenty of investments with substantially better upsides and fundamentals than AAN out there. If we were looking at trough valuations of below $10/share, I could see my way to allowing for a speculative "BUY" rating here, based on an underappreciated and time-tested company with a very good upside. As it stands now though, this is very far from the case. Normalized P/E's are up at 11x, with a 7x EBITDA multiples. I have investment-grade businesses that don't trade at those multiples - and those are with far better histories.

Seeking Alpha • Nov 10

Why I Think Aaron's Has Upside Potential

Summary Due to the current increase in write-offs and adverse economic conditions, the stock has dropped more than 72% from its high, despite a robust and growing business model. The business model is substantially strong and unique, and as the economy stabilizes, the company can regain its earnings power. I believe, at this price, the stock has substantial upside potential with a minimum risk of long-term capital loss. Aaron's Company, Inc. (AAN) is a leading provider of lease-to-own and purchase solutions for furniture, appliances, consumer electronics, and accessories. With the main focus on overlooked and underserved customers, the company provides services to less credit-worthy customers through its more than 1300 stores and an e-commerce platform. Also, with a focus on customer satisfaction, the company offers competitive monthly payments, high approval rates, and lease plan flexibility. Aaron's provides the customer an option to acquire ownership of the merchandise over a renewable LTO plan, of about 12 to 24 months, by making weekly, semi-monthly, and monthly lease payments; customers also get the option to cancel the lease transactions at any time. Also, With the consistent growth and market share gain, the company has become a market leader in the LTO marketplace, expanding its footprints through consistent growth and strategic acquisition. In October 2020, Aaron's Company Inc. separated from Aaron's holding company and subsequently converted into a limited liability company; upon completion of the separation, the company changed its name to Aaron's Company Inc. Furthermore, last year Aaron's acquired BrandsMart, one of the leading electronics and appliance retailers, with ten stores and a growing e-commerce platform. Management believes that the acquisition will strengthen the company's operations and provide customers with affordable lease-to-own and purchase options. Currently, due to the adverse economic conditions the company has been facing reduced demands for the products, also high inflation is unfavorably impacting the customers' ability to make lease payments, resulting in higher merchandise write-offs, increased loss provisions, and customer delinquencies. which has affected overall profitability. The stock has dropped more than 71% from its all-time high and is trading at a substantially cheap valuation. In my view, the business model is substantially strong and unique, and as the situation normalizes, the company could regain its earnings power; and in such case, the stock will likely not remain undervalued at this price; the stock provides a substantial margin of safety and a huge upside potential in my view, so I think Aaron's is a buy. History In 2020, the company separated from its parent company Aaron's holding, and formed a limited liability company under the name Aaron's Company Inc. I believe understanding historical performance is essential for understanding business economics, therefore to access the historical performance of the company, the investor must understand the historical performance of Aaron's holding inc. Revenue (author ) Aaron's holding had been significantly profitable and, with time, has grown substantially, creating huge returns for the shareholders. Also, it should be noted that the company had grown without major CAPEX and fund infusions, which shows that the business model is substantially strong and has been generating a significant amount of cash. Also, capital allocation decisions taken by the management were very much shareholder friendly. Over time management invested the generated money in share buybacks and managed to grow its operations without significant CAPEX, which led to substantial value creation. net profit (author) Over the period, profitability was volatile, but the overall returns were handsome. The company's ability to produce significant cash flows is the primary reason for such phenomenal growth. The company has managed its working capital very efficiently, leading to a huge generation of cash flows. Furthermore, during the recession of 2008, the business was performing very well and in fact, expanded its business reach significantly. It is because due to the economic crash, customers didn't have any credit facilities; therefore, even the high credit score customers were turning toward lease to own providers, and as we can see the company took very much advantage of such an opportunity and expanded its operations significantly. By looking at the history, it seems to me that the business model is very much recession-proof and works strongly during the recession, but the current picture seems very much different, as the economic conditions are becoming worse along with the high cost of borrowing, the company's margins are facing a very different backdrop, with significant customer returns and increasing default loss reserves. In such conditions, customers are not able to pay the lease payments. But the historical performance of this lease-to-own model was significantly strong, and can resist the current economic crisis in my opinion. Strength in the business model Aaron's has a unique business model, which provides the company with an edge over its competitors. Unique business model The company's more than 89% of total revenue comes from its LTO transactions. These renewable lease revenue streams help the business insulate itself in macro-economic disruptions, reducing reliance on the current period sales and customer traffic for its cash flow generation compared to other retailers. Also, the business model provides the customer an opportunity to lease the product as long as they want and acquire them whenever they want, such an operation gives an edge to the business and also provides very much flexibility to the customer. Also, due to its lease operations, the company could provide the customer with a very competitive price, which drives customer traffic and repeat purchases. Furthermore, over the period, the company has generated a very strong brand value and has attained a very high position, which is likely the reason why over the very long-term the company could maintain its profit margins despite a substantial increase in competition in the retail segment. Risk The investor must look at the store counts, it seems that in the last few years, total company-owned store counts, along with leased stores, have reduced significantly, but on the other hand, we can see huge revenue growth; it seems that the revenue growth is coming due the industry tailwind and e-commerce boom in the last two years, and if this is the truth then we might see a substantial reduction in the revenue going ahead. As the management states, in the last few years, the company has not entered into lease contracts but wants to make new contracts, also franchise count has dropped significantly, and it looks like franchises might be facing some trouble with the business.

Seeking Alpha • Oct 23

Aaron's Q3 2022 Earnings Preview

Aaron's (NYSE:AAN) is scheduled to announce Q3 earnings results on Monday, October 24th, after market close. The consensus EPS Estimate is $0.11 (-86.7% Y/Y) and the consensus Revenue Estimate is $558.54M (+23.5% Y/Y). Over the last 2 years, AAN has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 6 downward. Revenue estimates have seen 0 upward revisions and 6 downward.

Analyse-artikel • Sep 24

The Returns At Aaron's Company (NYSE:AAN) Aren't Growing

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Seeking Alpha • Aug 12

Buying Stock In The Aaron's Company, Inc.

I think the high-yielding dividend is reasonably secure, and that allows me to be relatively patient with this company. The company has lowered earnings guidance for the year but has boosted free cash flow guidance. This is one of the reasons why I think the dividend is well covered. I'll be taking a small position today and will buy more opportunistically over the coming year. The relatively newly spun-off The Aaron's Company, Inc. (AAN) started trading in late November 2020, and since then, the shares are down about 44%. That, and the fact that I find the "lease" and "lease to own" markets intriguing has me intrigued. I like buying bargains, and a price drop of this magnitude is, by definition, interesting. I'm going to work out whether or not it makes sense to buy at current prices by looking at the short financial history here, and by looking at the stock as a thing distinct from the underlying business. In particular, I want to consider whether the dividend is sustainable and whether the yield is worth the risk here. My writing can be tiresome for many. I get that, and for that reason, I want to try to limit exposure to people as best I can. You're welcome. One of the ways I do this is by sometimes aggressively editing my stuff (hard to believe, but I do). Another way is by writing a thesis statement where I give you the "gist" of my thinking in a short paragraph, so you won't be obliged to wade through the entire article. I will be buying a small stake in Aaron's this morning for a variety of reasons. I think the business is reasonably sustainable, though volatile. I'll be adding to the position (or not) depending on how things shake out over the next few quarters. I'm particularly compelled by the relatively high dividend yield, which goes a long way toward evening out returns from the stock. Finally, the shares are trading at a deep discount to the overall market, in spite of recent profit softness. I think the company has the potential to grow from here, and the attractive dividend yield gives me time to wait for that growth. Financial Snapshot There's obviously very little financial history here, but I'll comment on it, because that's just the kind of person I am. To refresh your collective memories in case you forgot, the announcement of the spin-off happened in July 2020, so Aaron's doesn't have the longest trading history. Also, on April 1st, the company closed its $230 million acquisition of BrandsMart USA. Digging into the financials, we see that the first six months of this year are a mixed bag when compared to the same period in 2021, in my view. Specifically, revenue was about 12.5% higher, though net income was off by $53.5 million, or 76% compared to the same period last year. The chief culprit was a $153 million uptick in cost of sales. Additionally, debt has exploded higher, to $310 million, largely caused by the BrandsMart acquisition. This obviously increases the risk, but all signs are that the merger is going reasonably well. Specifically, in the second quarter alone, BrandsMart delivered $181 million in revenue. Of primary concern for me is the dividend, for two reasons. First, it's supportive of price, meaning that at some point people will buy the shares of a sustainable dividend, which puts a floor under the stock. Second, the dividends that investors receive are far, far more predictable than the returns from the capricious stock market. Given that the company has $28.3 million in cash, earned $57 million in cash from operations for the first six months of the year, while spending only $6.6 million, I'm fairly comfortable about the dividend. Thus, I'd be willing to buy the stock of what I think is a sustainable dividend payer at the right price. Aaron's Financials (Aaron's investor relations) The Stock If you're one of my regular victims, you know that I think the stock is distinct from the business in many ways. I'm about to elaborate on that idea yet again, so, strap yourselves in, I guess. Anyway, it's not too controversial to point out that a business buys a number of inputs, adds value to them, and then sells the results at a profit. The stock, on the other hand, is a traded instrument that reflects the crowd's aggregate belief about the long-term prospects for the company. It seems that the crowd changes its views about the company relatively frequently, which is what drives the share price up and down. Additionally, the stock may move up and down dramatically because some fashionable analyst or money manager says something in the financial press. They may then change their mind after a quick conversation with someone from another part of their firm. Added to this are all the risks that have nothing at all to do with the specific company or stock. There's the so-called "systemic" volatility induced by the crowd's views about stocks in general. "Stocks" become more or less attractive, and the shares of a given company get taken along for the ride. Although it's tedious to see your favorite investment get buffeted in the short term, within this tedium lies opportunity. If we can spot discrepancies between the crowd's price and likely future results, we'll do well over time. It's typically the case that the lower the price paid for a given stock, the greater the investor's future returns. In order to buy at these cheap prices, you need to buy when the crowd is feeling particularly down in the dumps about a given name. If you read my stuff regularly, you know that I measure the relative cheapness of a stock in a few ways, ranging from the simple to the more complex. On the simple side, I like to look at the ratio of price to some measure of economic value, like earnings, sales, free cash, and the like. Once again, cheaper wins. I want to see a company trading at a discount to both the overall market, and the company's own history. With that as a preamble, please have a look at the following. The shares are neither cheap nor expensive relative to their own past, but they're objectively cheaper than the overall market: AAN data by YCharts In addition, the shares are yielding on the high side relative to most other points during their very short history. AAN data by YCharts In addition to looking at simple ratios, I want to try to understand what the market is currently "assuming" about the future of a given company. If you read me regularly, you know that I rely on the work of Professor Stephen Penman and his book "Accounting for Value" for this. In this book, Penman walks investors through how they can apply the magic of high school algebra to a standard finance formula in order to work out what the market is "thinking" about a given company's future growth. This involves isolating the "g" (growth) variable in a fairly standard finance formula. Some people have complained that Penman is a bit dense for them. Another great introduction to this idea of using the stock price itself as a rich source of information to work out expectations is "Expectations Investing" by Mauboussin and Rappaport. The duo has recently written an update, and it is excellent in my estimation.

Sneeuwvlok Score
Waardering	5/6
Toekomstige groei	3/6
Prestaties in het verleden	0/6
Financiële gezondheid	6/6
Dividenden	2/6

Historische aandelenkoersen
Huidige aandelenkoers	US$10.09
52 Week Hoogtepunt	US$11.90
52 Week Laag	US$6.62
Bèta	1.42
1 maand verandering	1.10%
3 maanden verandering	1.10%
1 Jaar Verandering	2.75%
3 jaar verandering	-64.22%
5 jaar verandering	n/a
Verandering sinds IPO	-61.92%

	AAN	US Specialty Retail	US Markt
7D	0.6%	0.2%	3.2%
1Y	2.7%	7.6%	31.0%

AAN volatility
AAN Average Weekly Movement	0.8%
Specialty Retail Industry Average Movement	7.4%
Market Average Movement	7.1%
10% most volatile stocks in US Market	16.1%
10% least volatile stocks in US Market	3.2%

AAN fundamentele statistieken
Marktkapitalisatie	US$306.82m
Inkomsten(TTM)	-US$42.58m
Inkomsten(TTM)	US$2.07b

AAN resultatenrekening (TTM)
Inkomsten	US$2.07b
Kosten van inkomsten	US$982.53m
Brutowinst	US$1.09b
Overige uitgaven	US$1.13b
Inkomsten	-US$42.58m

Winst per aandeel (EPS)	-1.39
Brutomarge	52.53%
Nettowinstmarge	-2.06%
Schuld/Eigen Vermogen Verhouding	32.8%

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2024/10/03 12:11
Aandelenkoers aan het einde van de dag	2024/10/03 00:00
Inkomsten	2024/06/30
Jaarlijkse inkomsten	2023/12/31

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

Analist	Instelling
Alexander Maroccia	Berenberg
Jason Haas	BofA Global Research
John Rowan	Brean Capital Historical (Janney Montgomery)

This company has been acquired

Aaron's Company (AAN) Aandelenoverzicht

Beloningen

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Prijsgeschiedenis en prestaties

Recent nieuws en updates

The Aaron's Company Notifies the New York Stock Exchange of its Intent to Remove its Common Stock from Listing on the NYSE and NYSE Files the Form 25 on October 4, 2024

The Aaron's Company, Inc.(NYSE:AAN) dropped from S&P Global BMI Index

Aaron's Company (NYSE:AAN) Has Affirmed Its Dividend Of $0.125

Upcoming dividend of US$0.13 per share

Aaron's Company (NYSE:AAN) Is Due To Pay A Dividend Of $0.125

Second quarter dividend of US$0.13 announced

Recent updates

The Aaron's Company Notifies the New York Stock Exchange of its Intent to Remove its Common Stock from Listing on the NYSE and NYSE Files the Form 25 on October 4, 2024

The Aaron's Company, Inc.(NYSE:AAN) dropped from S&P Global BMI Index

Aaron's Company (NYSE:AAN) Has Affirmed Its Dividend Of $0.125

Upcoming dividend of US$0.13 per share

Aaron's Company (NYSE:AAN) Is Due To Pay A Dividend Of $0.125

Second quarter dividend of US$0.13 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

The Aaron's Company, Inc. Declares Regular Quarterly Cash Dividend, Payable on October 3, 2024

New minor risk - Shareholder dilution

The Aaron's Company, Inc. to Report Q2, 2024 Results on Aug 05, 2024

Price target increased by 19% to US$10.26

Subdued Growth No Barrier To The Aaron's Company, Inc. (NYSE:AAN) With Shares Advancing 33%

The Aaron's Company: A Bittersweet Ending

Upcoming dividend of US$0.13 per share

Aaron's Company (NYSE:AAN) Seems To Be Using A Lot Of Debt

Aaron's Company's (NYSE:AAN) Dividend Will Be $0.125

First quarter dividend of US$0.13 announced

The The Aaron's Company, Inc. (NYSE:AAN) First-Quarter Results Are Out And Analysts Have Published New Forecasts

The Aaron's Company, Inc. Reaffirms Consolidated Earnings Guidance for the Full Year 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

The Aaron's Company, Inc. Declares Quarterly Cash Dividend, Payable on July 3, 2024

The Aaron's Company, Inc. to Report Q1, 2024 Results on May 06, 2024

The Aaron's Company, Inc., Annual General Meeting, May 15, 2024

The Aaron's Company: Sustainable Yield With Limited Downside

Upcoming dividend of US$0.13 per share

Fourth quarter dividend of US$0.13 announced

Risks Still Elevated At These Prices As The Aaron's Company, Inc. (NYSE:AAN) Shares Dive 25%

Price target decreased by 10% to US$10.60

The Aaron's Company, Inc. Provides Consolidated Earnings Guidance for the Full Year 2024

Estimating The Intrinsic Value Of The Aaron's Company, Inc. (NYSE:AAN)

Full year 2023 earnings: EPS misses analyst expectations

The Aaron's Company, Inc. Declare Regular Quarterly Cash Dividend, Payable on April 3, 2024

The Aaron's Company, Inc. to Report Q4, 2023 Results on Feb 26, 2024

Now 20% overvalued after recent price rise

President notifies of intention to sell stock

Investor sentiment improves as stock rises 15%

At US$9.97, Is The Aaron's Company, Inc. (NYSE:AAN) Worth Looking At Closely?

Upcoming dividend of US$0.13 per share at 5.0% yield

Investors Could Be Concerned With Aaron's Company's (NYSE:AAN) Returns On Capital

Investor sentiment improves as stock rises 16%

Independent Director recently bought US$140k worth of stock

The Aaron's Company, Inc. Declares Quarterly Cash Dividend, Payable on January 4, 2024

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 19%

The Aaron's Company: Uncertainty Ahead And Uncompelling Financials

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

The Aaron's Company, Inc. Revises Consolidated Earnings Forecast for the Fiscal Year 2023

The Aaron's Company, Inc.'s (NYSE:AAN) Intrinsic Value Is Potentially 58% Above Its Share Price

The Aaron's Company, Inc. to Report Q3, 2023 Results on Oct 23, 2023

the Aaron's Company, Inc. Appoints Russell Falkenstein to Executive Vice President, Chief Operating Officer, Lease-To-Own

Upcoming dividend of US$0.13 per share at 4.7% yield

Now 28% undervalued after recent price drop

Aaron's Company: Not The LTO You Want To Own

The Aaron's Company, Inc. Declares Quarterly Cash Dividend, Payable on October 4, 2023

Be Wary Of Aaron's Company (NYSE:AAN) And Its Returns On Capital

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

The Aaron's Company, Inc. Updates Earnings Forecast for the Fiscal Year 2023

The Aaron's Company, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Estimating The Fair Value Of The Aaron's Company, Inc. (NYSE:AAN)

Chairman of the Board notifies of intention to sell stock

Is Now The Time To Look At Buying The Aaron's Company, Inc. (NYSE:AAN)?

Upcoming dividend of US$0.13 per share at 3.6% yield