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AT1

AroundtownXTRA:AT1 Stock Report

Last Price

€5.54

Market Cap

€6.3b

7D

1.9%

1Y

-6.8%

Updated

17 Jan, 2022

Data

Company Financials +
AT1 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance1/6
Financial Health3/6
Dividends4/6

AT1 Stock Overview

Aroundtown SA, together with its subsidiaries, operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.

Aroundtown Competitors

Vonovia

XTRA:VNA

€37.2b

Deutsche Wohnen

XTRA:DWNI

€14.4b

LEG Immobilien

XTRA:LEG

€8.3b

TLG Immobilien

HMSE:TLG

€3.4b

Price History & Performance

Summary of all time highs, changes and price drops for Aroundtown
Historical stock prices
Current Share Price€5.54
52 Week High€7.16
52 Week Low€5.14
Beta1.42
1 Month Change4.21%
3 Month Change-8.34%
1 Year Change-6.76%
3 Year Change-25.96%
5 Year Changen/a
Change since IPO-6.70%

Recent News & Updates

Dec 12
Is There Now An Opportunity In Aroundtown SA (ETR:AT1)?

Is There Now An Opportunity In Aroundtown SA (ETR:AT1)?

While Aroundtown SA ( ETR:AT1 ) might not be the most widely known stock at the moment, it saw significant share price...

Oct 31
Does Aroundtown (ETR:AT1) Have A Healthy Balance Sheet?

Does Aroundtown (ETR:AT1) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Sep 10
What Does Aroundtown SA's (ETR:AT1) Share Price Indicate?

What Does Aroundtown SA's (ETR:AT1) Share Price Indicate?

Aroundtown SA ( ETR:AT1 ), is not the largest company out there, but it saw significant share price movement during...

Aug 02
Is Aroundtown (ETR:AT1) Using Too Much Debt?

Is Aroundtown (ETR:AT1) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

AT1DE Real EstateDE Market
7D1.9%1.0%0.7%
1Y-6.8%-8.0%11.6%

Return vs Industry: AT1 matched the German Real Estate industry which returned -7.1% over the past year.

Return vs Market: AT1 underperformed the German Market which returned 12.1% over the past year.

Price Volatility

Is AT1's price volatile compared to industry and market?
AT1 volatility
AT1 Average Weekly Movement3.7%
Real Estate Industry Average Movement4.0%
Market Average Movement5.0%
10% most volatile stocks in DE Market9.8%
10% least volatile stocks in DE Market2.6%

Stable Share Price: AT1 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AT1's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004711Barak Bar-Henhttps://www.aroundtown.de

Aroundtown SA, together with its subsidiaries, operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally. It invests in commercial and residential real estate properties, such as office, hotel, logistics, wholesale, retail, and other properties. The company was formerly known as Aroundtown Property Holdings PLC and changed its name to Aroundtown SA in September 2017.

Aroundtown Fundamentals Summary

How do Aroundtown's earnings and revenue compare to its market cap?
AT1 fundamental statistics
Market Cap€6.30b
Earnings (TTM)€519.00m
Revenue (TTM)€1.43b

12.1x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AT1 income statement (TTM)
Revenue€1.43b
Cost of Revenue€359.30m
Gross Profit€1.07b
Expenses€554.40m
Earnings€519.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 29, 2022

Earnings per share (EPS)0.46
Gross Margin74.92%
Net Profit Margin36.23%
Debt/Equity Ratio81.8%

How did AT1 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

50%

Payout Ratio

Valuation

Is Aroundtown undervalued compared to its fair value and its price relative to the market?

23.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AT1 (€5.54) is trading below our estimate of fair value (€7.27)

Significantly Below Fair Value: AT1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AT1 is good value based on its PE Ratio (12.1x) compared to the German Real Estate industry average (14.3x).

PE vs Market: AT1 is good value based on its PE Ratio (12.1x) compared to the German market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: AT1 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: AT1 is good value based on its PB Ratio (0.4x) compared to the DE Real Estate industry average (1.2x).


Future Growth

How is Aroundtown forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

12.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AT1's forecast earnings growth (12.9% per year) is above the savings rate (-0.01%).

Earnings vs Market: AT1's earnings (12.9% per year) are forecast to grow faster than the German market (10.4% per year).

High Growth Earnings: AT1's earnings are forecast to grow, but not significantly.

Revenue vs Market: AT1's revenue (1.8% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: AT1's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AT1's Return on Equity is forecast to be low in 3 years time (5.5%).


Past Performance

How has Aroundtown performed over the past 5 years?

-6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AT1 has high quality earnings.

Growing Profit Margin: AT1's current net profit margins (36.2%) are lower than last year (61.4%).


Past Earnings Growth Analysis

Earnings Trend: AT1's earnings have declined by 6.3% per year over the past 5 years.

Accelerating Growth: AT1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AT1 had negative earnings growth (-36.8%) over the past year, making it difficult to compare to the Real Estate industry average (3.6%).


Return on Equity

High ROE: AT1's Return on Equity (3.9%) is considered low.


Financial Health

How is Aroundtown's financial position?


Financial Position Analysis

Short Term Liabilities: AT1's short term assets (€6.0B) exceed its short term liabilities (€1.8B).

Long Term Liabilities: AT1's short term assets (€6.0B) do not cover its long term liabilities (€18.4B).


Debt to Equity History and Analysis

Debt Level: AT1's net debt to equity ratio (65.5%) is considered high.

Reducing Debt: AT1's debt to equity ratio has reduced from 85.6% to 81.8% over the past 5 years.

Debt Coverage: AT1's debt is not well covered by operating cash flow (3.7%).

Interest Coverage: AT1's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Dividend

What is Aroundtown current dividend yield, its reliability and sustainability?

3.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AT1's dividend (3.97%) is higher than the bottom 25% of dividend payers in the German market (1.02%).

High Dividend: AT1's dividend (3.97%) is in the top 25% of dividend payers in the German market (3.34%)


Stability and Growth of Payments

Stable Dividend: AT1 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AT1's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50%), AT1's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AT1's dividends in 3 years are forecast to be covered by earnings (77% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Barak Bar-Hen (43 yo)

1.17yrs

Tenure

€96,000

Compensation

Mr. Barak Bar-Hen serves as a Co-Chief Executive Officer and Chief Operating Officer since November 1, 2020 at Aroundtown SA. Mr. Bar-Hen served as Chief Executive Officer and Chairman of the Management Bo...


Leadership Team

Experienced Management: AT1's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: AT1's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aroundtown SA's employee growth, exchange listings and data sources


Key Information

  • Name: Aroundtown SA
  • Ticker: AT1
  • Exchange: XTRA
  • Founded: 2004
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: €6.302b
  • Shares outstanding: 1.14b
  • Website: https://www.aroundtown.de

Number of Employees


Location

  • Aroundtown SA
  • 40, Rue du Curé
  • Luxembourg City
  • 1368
  • Luxembourg

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:07
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.