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Aliansce Shopping Centers

OTCPK:ALCG.F
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALCG.F
OTCPK
R$4B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Aliansce Shopping Centers S.A. engages in the ownership, planning, development, management, and leasing of shopping centers and malls in Brazil. The last earnings update was 56 days ago. More info.


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ALCG.F Share Price and Events
7 Day Returns
0%
OTCPK:ALCG.F
-0.7%
US Real Estate
-0.1%
US Market
1 Year Returns
-
OTCPK:ALCG.F
-11.1%
US Real Estate
7.6%
US Market
ALCG.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aliansce Shopping Centers (ALCG.F) 0% 0% 0% - - -
US Real Estate -0.7% 4.3% 9.8% -11.1% 22.5% 14.6%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • No trading data on ALCG.F.
  • No trading data on ALCG.F.
Price Volatility
ALCG.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Aliansce Shopping Centers's competitors could be found in our database.

ALCG.F Value

 Is Aliansce Shopping Centers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aliansce Shopping Centers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aliansce Shopping Centers.

OTCPK:ALCG.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ALCG.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.234 (1 + (1- 34%) (47.94%))
1.418
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.418 * 5.96%)
11.18%

Discounted Cash Flow Calculation for OTCPK:ALCG.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aliansce Shopping Centers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ALCG.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 11.18%)
2019 199.00 Analyst x1 178.98
2020 272.00 Analyst x1 220.04
2021 316.00 Analyst x1 229.92
2022 315.77 Est @ -0.07% 206.65
2023 318.20 Est @ 0.77% 187.29
2024 322.52 Est @ 1.36% 170.74
2025 328.23 Est @ 1.77% 156.29
2026 334.98 Est @ 2.06% 143.46
2027 342.55 Est @ 2.26% 131.94
2028 350.77 Est @ 2.4% 121.52
Present value of next 10 years cash flows R$1,746.84
OTCPK:ALCG.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= R$350.77 × (1 + 2.73%) ÷ (11.18% – 2.73%)
R$4,263.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$4,263.17 ÷ (1 + 11.18%)10
R$1,476.95
OTCPK:ALCG.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$1,746.84 + R$1,476.95
R$3,223.78
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$3,223.78 / 202.67
R$15.91
OTCPK:ALCG.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ALCG.F represents 0.2737x of BOVESPA:ALSC3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.2737x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 15.91 x 0.2737
$4.35
Value per share (USD) From above. $4.35
Current discount Discount to share price of $5.30
= -1 x ($5.30 - $4.35) / $4.35
-21.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Aliansce Shopping Centers is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aliansce Shopping Centers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aliansce Shopping Centers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ALCG.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in BRL R$0.56
BOVESPA:ALSC3 Share Price ** BOVESPA (2019-01-24) in BRL R$19.36
United States of America Real Estate Industry PE Ratio Median Figure of 28 Publicly-Listed Real Estate Companies 16.82x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aliansce Shopping Centers.

OTCPK:ALCG.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:ALSC3 Share Price ÷ EPS (both in BRL)

= 19.36 ÷ 0.56

34.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aliansce Shopping Centers is overvalued based on earnings compared to the US Real Estate industry average.
  • Aliansce Shopping Centers is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Aliansce Shopping Centers's expected growth come at a high price?
Raw Data
OTCPK:ALCG.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
23.9%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.7x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

OTCPK:ALCG.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.43x ÷ 23.9%

1.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aliansce Shopping Centers is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aliansce Shopping Centers's assets?
Raw Data
OTCPK:ALCG.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in BRL R$12.60
BOVESPA:ALSC3 Share Price * BOVESPA (2019-01-24) in BRL R$19.36
United States of America Real Estate Industry PB Ratio Median Figure of 54 Publicly-Listed Real Estate Companies 1.53x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
OTCPK:ALCG.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:ALSC3 Share Price ÷ Book Value per Share (both in BRL)

= 19.36 ÷ 12.60

1.54x

* Primary Listing of Aliansce Shopping Centers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aliansce Shopping Centers is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Aliansce Shopping Centers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Aliansce Shopping Centers has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ALCG.F Future Performance

 How is Aliansce Shopping Centers expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aliansce Shopping Centers expected to grow at an attractive rate?
  • Aliansce Shopping Centers's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Aliansce Shopping Centers's earnings growth is expected to exceed the United States of America market average.
  • Aliansce Shopping Centers's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ALCG.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ALCG.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 23.9%
OTCPK:ALCG.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 7.9%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ALCG.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ALCG.F Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 704 459 250 4
2020-12-31 641 380 200 7
2019-12-31 605 340 167 6
OTCPK:ALCG.F Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2018-12-31 549 375 114
2018-09-30 539 355 91
2018-06-30 538 331 89
2018-03-31 541 355 92
2017-12-31 543 391 95
2017-09-30 538 374 47
2017-06-30 524 364 17
2017-03-31 520 326 -10
2016-12-31 519 234 -22
2016-09-30 520 262 1
2016-06-30 534 258 127
2016-03-31 532 286 130

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aliansce Shopping Centers's earnings are expected to grow significantly at over 20% yearly.
  • Aliansce Shopping Centers's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ALCG.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Aliansce Shopping Centers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ALCG.F Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.23 1.28 1.17 3.00
2020-12-31 0.99 1.06 0.83 6.00
2019-12-31 0.82 0.93 0.67 6.00
OTCPK:ALCG.F Past Financials Data
Date (Data in BRL Millions) EPS *
2018-12-31 0.56
2018-09-30 0.45
2018-06-30 0.44
2018-03-31 0.46
2017-12-31 0.47
2017-09-30 0.23
2017-06-30 0.09
2017-03-31 -0.06
2016-12-31 -0.13
2016-09-30 0.01
2016-06-30 0.78
2016-03-31 0.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aliansce Shopping Centers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aliansce Shopping Centers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aliansce Shopping Centers has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ALCG.F Past Performance

  How has Aliansce Shopping Centers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aliansce Shopping Centers's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aliansce Shopping Centers's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Aliansce Shopping Centers's 1-year earnings growth exceeds its 5-year average (20.5% vs -9.5%)
  • Aliansce Shopping Centers's earnings growth has exceeded the US Real Estate industry average in the past year (20.5% vs -13.3%).
Earnings and Revenue History
Aliansce Shopping Centers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aliansce Shopping Centers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ALCG.F Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 549.12 113.96 100.31
2018-09-30 539.12 91.08 113.97
2018-06-30 537.58 88.92 109.51
2018-03-31 541.01 92.09 103.92
2017-12-31 543.37 94.54 88.23
2017-09-30 537.80 46.57 104.78
2017-06-30 524.16 16.58 108.13
2017-03-31 520.41 -10.06 111.39
2016-12-31 518.70 -21.88 111.88
2016-09-30 520.33 0.98 94.31
2016-06-30 534.07 127.40 89.89
2016-03-31 531.77 129.69 85.20
2015-12-31 527.29 131.97 80.50
2015-09-30 517.69 146.61 82.52
2015-06-30 552.26 130.35 78.11
2015-03-31 551.25 151.56 74.19
2014-12-31 546.17 155.51 68.79
2014-09-30 539.34 148.43 57.06
2014-06-30 489.73 65.67 55.71
2014-03-31 476.08 58.16 53.49
2013-12-31 464.80 60.99 55.77
2013-09-30 439.43 81.91 56.44
2013-06-30 415.63 86.38 54.37
2013-03-31 399.83 102.60 52.05
2012-12-31 363.99 128.04 51.13
2012-09-30 324.49 116.01 46.32
2012-06-30 300.20 112.01 44.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Aliansce Shopping Centers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aliansce Shopping Centers used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Aliansce Shopping Centers's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aliansce Shopping Centers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aliansce Shopping Centers has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ALCG.F Health

 How is Aliansce Shopping Centers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aliansce Shopping Centers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aliansce Shopping Centers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aliansce Shopping Centers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Aliansce Shopping Centers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aliansce Shopping Centers Company Filings, last reported 3 months ago.

OTCPK:ALCG.F Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,605.94 1,880.92 497.70
2018-09-30 2,601.44 2,061.86 528.64
2018-06-30 2,578.13 1,830.69 327.63
2018-03-31 2,544.13 1,861.90 353.13
2017-12-31 2,501.76 2,064.33 454.64
2017-09-30 2,526.37 1,955.74 398.51
2017-06-30 2,502.87 1,992.24 635.13
2017-03-31 2,514.42 1,935.03 540.55
2016-12-31 2,501.31 1,913.09 433.03
2016-09-30 2,234.21 1,675.22 268.92
2016-06-30 1,914.46 1,697.55 50.66
2016-03-31 1,909.87 1,698.07 83.55
2015-12-31 1,912.33 1,723.37 15.43
2015-09-30 1,959.19 1,854.30 52.73
2015-06-30 1,890.39 1,959.22 184.65
2015-03-31 1,904.91 1,898.67 284.98
2014-12-31 1,882.69 1,905.53 276.84
2014-09-30 1,885.44 1,935.89 253.83
2014-06-30 1,785.48 1,891.20 217.97
2014-03-31 1,777.84 1,888.18 22.96
2013-12-31 1,784.95 1,909.34 36.62
2013-09-30 1,775.80 1,871.19 131.01
2013-06-30 1,757.00 1,829.37 225.86
2013-03-31 1,762.31 1,820.46 407.74
2012-12-31 1,693.80 1,733.93 25.12
2012-09-30 1,457.67 1,620.50 200.88
2012-06-30 1,426.52 1,483.54 195.56
  • Aliansce Shopping Centers's level of debt (72.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (107% vs 72.2% today).
  • Debt is not well covered by operating cash flow (19.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
X
Financial health checks
We assess Aliansce Shopping Centers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aliansce Shopping Centers has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ALCG.F Dividends

 What is Aliansce Shopping Centers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.38%
Current annual income from Aliansce Shopping Centers dividends. Estimated to be 2.57% next year.
If you bought $2,000 of Aliansce Shopping Centers shares you are expected to receive $28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Aliansce Shopping Centers's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Aliansce Shopping Centers's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ALCG.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:ALCG.F Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.73 4.00
2020-12-31 0.48 6.00
2019-12-31 0.36 6.00
OTCPK:ALCG.F Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-02-27 0.267 1.355
2019-02-26 0.267 1.318
2018-03-12 0.117 0.703
2018-03-09 0.000 0.000
2017-11-09 0.000 0.000
2017-11-08 0.000 0.000
2017-08-10 0.000 0.000
2017-05-11 0.000 0.000
2017-03-28 0.000 0.000
2016-11-07 0.208 1.407
2016-08-08 0.208 1.310
2016-05-10 0.208 1.502
2016-03-29 0.200 1.412
2016-03-28 0.200 1.591
2015-03-26 0.710 5.671
2014-08-13 0.192 1.119
2014-03-28 0.192 1.041
2013-03-25 0.350 1.785
2012-08-13 0.180 0.789
2012-05-21 0.180 1.004
2012-03-21 0.180 1.014
2011-08-08 0.090 0.651
2011-05-10 0.090 0.654
2011-03-21 0.090 0.657
2010-08-12 0.050 0.386
2010-05-13 0.050 0.458
2010-03-23 0.080 0.807
2010-01-29 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aliansce Shopping Centers has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Aliansce Shopping Centers only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Aliansce Shopping Centers's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Aliansce Shopping Centers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aliansce Shopping Centers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aliansce Shopping Centers has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ALCG.F Management

 What is the CEO of Aliansce Shopping Centers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Renato Feitosa Rique
AGE 60
TENURE AS CEO 0.5 years
CEO Bio

Mr. Renato Feitosa Rique has been Executive Chairman of Aliansce Shopping Centers SA since July 2018 and also has been its Chief Executive Officer since 2019. Mr. Rique served as Executive President of Aliansce Shopping Centers SA since June 18, 2007 until July 2018. Mr. Rique served as Interim Chief Executive Officer of Aliansce Shopping Centers SA since October, 2018 until 2019. Mr. Rique has been working in the shopping center industry since 1983. Mr. Rique founded Aliansce Shopping Centers S.A. and was its Chief Executive Officer and Member of Executive Board from April 30, 2009 to July 2018 and from June 18, 2007 to July 2018 Respectively. He served as president and chairman of ABRASCE and vice-president of the Commercial Association of Rio de Janeiro. In 1997, he founded and presided for the first six years over the Institute Newton Rique, a social project focused on the inclusion of adolescents into society. Mr. Rique served as the Chairman of Aliansce Shopping Centers S.A. and has been its Director since March 20, 2007. He holds a Degree in economics from Universidade Cândido Mendes.

CEO Compensation
  • Insufficient data for Renato to compare compensation growth.
  • Insufficient data for Renato to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Aliansce Shopping Centers management team in years:

5.8
Average Tenure
55.5
Average Age
  • The average tenure for the Aliansce Shopping Centers management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Renato Feitosa Rique

TITLE
Executive Chairman & CEO
AGE
60
TENURE
0.5 yrs

Rafael Sales Guimarães

TITLE
CEO & Member of Executive Board (Leave of Absence)
AGE
39
TENURE
0.5 yrs

Renato Ribeiro Andrade Botelho

TITLE
Chief Financial & Investor Relations Officer
AGE
60
TENURE
22.3 yrs

Paula Fonseca

TITLE
Chief Legal Officer & Member of Executive Board
AGE
51
TENURE
11.8 yrs

Ewerton Visco

TITLE
Executive Officer & Member of Executive Board
AGE
60
TENURE
9.4 yrs

Leandro Lopes

TITLE
COO & Member of Executive Board
AGE
44
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Aliansce Shopping Centers board of directors in years:

2.4
Average Tenure
54
Average Age
  • The average tenure for the Aliansce Shopping Centers board of directors is less than 3 years, this suggests a new board.
Board of Directors

Carlos Vieira

TITLE
Independent Director
AGE
84
TENURE
11.8 yrs

Renato Feitosa Rique

TITLE
Executive Chairman & CEO
AGE
60
TENURE
11.8 yrs

Peter Ballon

TITLE
Director
AGE
53
TENURE
5.5 yrs

Thomas McDonald

TITLE
Independent Director
AGE
54
TENURE
2.4 yrs

Marcela Drigo

TITLE
Director
AGE
47
TENURE
1.6 yrs

Alexandre Bagnoli

TITLE
Independent Director
AGE
35
TENURE
1.6 yrs

Renata Rique

TITLE
Director
AGE
25
TENURE
1 yrs

Marcelo Da Silveira Ferreira

TITLE
Member of the Fiscal Council
AGE
63

Ricardo Scalzo

TITLE
Member of the Fiscal Council
AGE
67
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Aliansce Shopping Centers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aliansce Shopping Centers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ALCG.F News

Simply Wall St News

ALCG.F Company Info

Description

Aliansce Shopping Centers S.A. engages in the ownership, planning, development, management, and leasing of shopping centers and malls in Brazil. The company is involved in the mall installation process, including planning, such as feasibility studies of the project; and development and launch of the malls, as well as management of its structural, financial, commercial, legal, and operational aspects. It also engages in the operation of parking lots of shopping malls; trading, rental, and management of condominiums; leasing of commercial spaces; and provision of development/planning services in shopping malls owned by third parties, as well as commercial advisory services. The company operates a portfolio of 20 malls; and manages 12 malls owned by third parties. Aliansce Shopping Centers S.A. was founded in 2004 and is headquartered in Rio de Janeiro, Brazil.

Details
Name: Aliansce Shopping Centers S.A.
ALCG.F
Exchange: OTCPK
Founded: 2004
R$993,051,441
202,667,642
Website: http://www.aliansce.com.br
Address: Aliansce Shopping Centers S.A.
Rua Dias Ferreira, 190,
3º andar,
Rio de Janeiro,
Rio de Janeiro, 22431-050,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA ALSC3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 29. Jan 2010
OTCPK ALCG.F Common Shares Pink Sheets LLC US USD 29. Jan 2010
Number of employees
Current staff
Staff numbers
220
Aliansce Shopping Centers employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:48
End of day share price update: 2019/01/24 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.