Aroundtown SA (AT1) AI Stock Analysis

• Market Cap: €3.34B
• Dividend Yield: N/A
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): 4.6
• Beta (1Y): 0.89
• Revenue Growth: -1.35%
• EPS Growth: N/A
• Country: DE
• Employees: 1,506
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.17
• Shares Outstanding: 1,537,025,600
• 10 Day Avg. Volume: 1,398,798
• 30 Day Avg. Volume: 1,807,235
• PEG Ratio: -0.12
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 2.70
• P/FCF Ratio: 3.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €3.16
• Price Target Upside: 15.33% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: €3.00 ▲(9.49% Upside)

The overall stock score of 60 reflects a mixed outlook. The company's financial performance shows potential for profitability, but challenges in revenue growth and cash flow stability are concerns. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and approaching oversold conditions. Valuation suggests the stock may be undervalued, but the lack of a dividend yield is a drawback for income investors.

Positive Factors

Profitability

Strong profitability indicates effective cost management and pricing strategies, which can sustain financial health and shareholder value over time.

Cash Flow Generation

Improving cash flow generation enhances financial flexibility, allowing the company to invest in growth opportunities and manage debt effectively.

Equity Utilization

Improved ROE suggests better utilization of shareholder funds, indicating efficient management and potential for increased shareholder returns.

Negative Factors

Revenue Decline

A significant decline in revenue growth can impact long-term profitability and market position, requiring strategic adjustments to reverse the trend.

Cash Conversion Efficiency

Moderate cash conversion efficiency may limit the company's ability to quickly convert earnings into cash, affecting liquidity and investment capacity.

Historical Volatility in ROE

Volatility in ROE reflects inconsistent performance, which can undermine investor confidence and affect long-term capital raising capabilities.

Aroundtown SA Business Overview & Revenue Model

Company Description

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 SA was founded in 2004 and is based in Luxembourg City, Luxembourg.

How the Company Makes Money

Aroundtown generates revenue primarily through rental income from its diversified portfolio of properties, which includes office spaces, retail units, and residential apartments. The company benefits from long-term leases with stable tenants, providing a consistent cash flow. Additionally, Aroundtown engages in property development and redevelopment projects, which can yield significant profits upon completion and sale or leasing of enhanced assets. The company's strategic partnerships with local developers and investment firms further enhance its ability to identify lucrative opportunities in the real estate market, contributing to its overall earnings. Furthermore, Aroundtown may also earn income through property management services and transaction fees related to its investment activities.

Aroundtown SA Financial Statement Overview

Summary

Aroundtown SA exhibits a mixed financial performance. The income statement shows strong profitability in the TTM, but revenue decline is a concern. The balance sheet indicates moderate leverage and improved equity returns, though historical volatility in ROE is notable. Cash flow generation is improving, but cash conversion efficiency remains moderate. Overall, the company demonstrates potential for profitability but faces challenges in revenue growth and cash flow stability.

Income Statement

The income statement shows a mixed performance. The TTM data indicates a significant improvement in net profit margin at 68.90%, driven by a substantial increase in EBIT and EBITDA margins. However, revenue growth is negative at -30.8%, indicating a decline in sales. Historical data shows fluctuating profitability with periods of negative net income, highlighting volatility in earnings.

Balance Sheet

The balance sheet reflects a stable financial structure with a debt-to-equity ratio of 1.11 in the TTM, indicating moderate leverage. The return on equity has improved to 7.67% in the TTM, suggesting better utilization of equity. However, the equity ratio is not explicitly calculated, and historical data shows periods of negative ROE, indicating past challenges in generating returns for shareholders.

Cash Flow

Cash flow analysis reveals a positive trend in free cash flow growth at 4.09% in the TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.32, suggesting moderate cash conversion efficiency. However, the free cash flow to net income ratio is close to 1, indicating limited cash flow buffer beyond net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.36B	1.18B	1.19B	1.61B	1.32B	1.18B
Gross Profit	825.60M	630.70M	554.40M	915.00M	790.20M	737.70M
EBITDA	1.74B	701.70M	-2.60B	712.40M	642.20M	562.80M
Net Income	937.30M	256.30M	-1.83B	-457.10M	1.08B	741.30M
Balance Sheet
Total Assets	33.56B	33.62B	33.56B	37.35B	39.38B	31.02B
Cash, Cash Equivalents and Short-Term Investments	3.33B	3.89B	3.13B	3.08B	3.74B	3.34B
Total Debt	13.79B	14.70B	14.55B	14.94B	15.74B	11.97B
Total Liabilities	18.16B	18.61B	18.41B	19.52B	20.23B	15.44B
Stockholders Equity	12.45B	12.17B	12.40B	14.33B	15.28B	13.56B
Cash Flow
Free Cash Flow	794.80M	801.20M	541.70M	761.60M	-174.40M	579.50M
Operating Cash Flow	814.70M	820.50M	557.90M	788.00M	625.80M	615.80M
Investing Cash Flow	297.90M	152.60M	523.80M	408.50M	1.08B	1.01B
Financing Cash Flow	-591.30M	-495.90M	-753.00M	-1.76B	-2.61B	-1.63B

Aroundtown SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AT1, the sentiment is Negative. The current price of 2.74 is below the 20-day moving average (MA) of 3.06, below the 50-day MA of 3.14, and below the 200-day MA of 2.96, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 27.65 is Positive, neither overbought nor oversold. The STOCH value of 2.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:AT1.

Aroundtown SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LEG	70 Outperform	€4.86B	8.00	15.11%	4.23%	6.91%	―
DEQ	69 Neutral	€1.41B	10.52	7.42%	28.35%	-6.87%	―
GYC	68 Neutral	€1.82B	4.47	14.70%	―	0.44%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
TEG	64 Neutral	€2.68B	9.03	12.29%	2.85%	-32.32%	―
AT1	60 Neutral	€3.34B	4.60	10.60%	―	-1.35%	―
PAT	59 Neutral	€616.36M	28.46	―	4.70%	0.23%	―

Aroundtown SA Corporate Events

Aroundtown SA Issues €500 Million Perpetual Notes and Launches Tender Offer

Aroundtown SA has successfully issued €500 million in benchmark perpetual notes with a 5.25% coupon, which were highly demanded by investors, being 5x oversubscribed. Concurrently, the company has launched a tender offer to rebalance its perpetual notes stack by replacing higher coupon notes, aiming to reduce the average coupon rate and potentially decrease the aggregate notional, which is expected to enhance FFO growth while maintaining a strong financial position.

Aroundtown SA Optimizes Debt Profile with €850 Million Bond Issuance and Buyback Tender

Aroundtown SA has successfully issued an €850 million bond and launched a buyback tender to optimize its debt profile. The bond issuance, which was over three times oversubscribed, features a lower coupon rate, reflecting the company’s improved credit strength. The buyback tender aims to manage upcoming maturities and reduce interest expenses by targeting bonds with shorter maturities and higher coupons, further optimizing Aroundtown’s debt profile.

Aroundtown SA Reports Strong H1 2025 Results and Announces Leadership Transition

Aroundtown SA reported stable financial results for the first half of 2025, with net rental income at €591 million and adjusted EBITDA at €501 million, reflecting strong operational performance and positive property revaluations. The company reduced its leverage, with a loan-to-value ratio of 40%, and successfully issued €900 million in bonds while repaying €1.9 billion in debt, positioning itself for opportunistic growth. The management transition was announced with Mr. Jonas Tintelnot set to become the new CFO, ensuring leadership continuity.