Aroundtown SA (AT1) AI Stock Analysis

• Market Cap: €3.35B
• Dividend Yield: N/A
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): 4.6
• Beta (1Y): 0.89
• Revenue Growth: -1.82%
• EPS Growth: N/A
• Country: DE
• Employees: 1,506
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.12
• Shares Outstanding: 1,537,025,600
• 10 Day Avg. Volume: 1,398,798
• 30 Day Avg. Volume: 1,807,235
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €3.12
• Price Target Upside: 1.63% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 14

• Rating: 64 Neutral
• Price Target: €3.50 ▲(14.01% Upside)

The overall stock score of 64 reflects a mixed financial performance with strong profitability but declining revenue. The technical analysis indicates bearish momentum, while the valuation suggests the stock is undervalued. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Profitability

Strong profitability, with improved net profit margin and higher EBIT and EBITDA margins, indicates efficient operations and potential for sustained earnings.

Cash Flow Generation

Improved free cash flow growth suggests better cash generation, providing the company with more flexibility for reinvestment and debt servicing.

Equity Utilization

Improved ROE indicates better utilization of shareholder equity, enhancing investor confidence and supporting long-term growth prospects.

Negative Factors

Revenue Decline

A significant decline in revenue growth poses a challenge to sustaining profitability and may impact long-term business expansion and market position.

Cash Conversion Efficiency

Moderate cash conversion efficiency indicates potential challenges in converting income into cash, which could affect liquidity and operational flexibility.

Historical Volatility in ROE

Historical volatility in ROE reflects inconsistent returns on equity, which may undermine investor confidence and affect long-term financial stability.

Aroundtown SA Business Overview & Revenue Model

Company Description

Aroundtown SA (AT1) is a leading real estate investment company based in Luxembourg, primarily focused on investing in, managing, and developing commercial and residential properties across Europe. The company's portfolio includes a diverse range of assets such as office buildings, hotels, and residential units, catering to a broad spectrum of tenants and buyers. Aroundtown aims to create value through strategic acquisitions, active asset management, and development projects, enhancing its position in key European markets.

How the Company Makes Money

Aroundtown SA generates revenue through several key streams, primarily from rental income derived from its extensive portfolio of properties, which includes commercial spaces and residential units leased to tenants. Additionally, the company earns income through property management services and development projects, where it sells newly developed properties or leases them out. Significant partnerships with various stakeholders in the real estate sector, such as construction firms and local governments, also contribute to its earnings. Furthermore, Aroundtown capitalizes on market trends and opportunities by strategically acquiring undervalued assets, which can lead to appreciation in property values and increased rental yields over time.

Aroundtown SA Financial Statement Overview

Summary

Aroundtown SA demonstrates solid profitability and cash flow management, particularly in the most recent period. Despite challenges in revenue consistency and high leverage, the company shows resilience and efficiency in its operations. Continued focus on debt management and revenue stabilization can enhance financial stability.

Income Statement

Aroundtown SA's income statement shows a strong recovery in profitability with a TTM gross profit margin of 60.05% and a net profit margin of 28.24%, indicating effective cost management and profitability. However, the revenue growth rate is inconsistent, with a recent TTM growth of 15.56% following a decline in previous years. EBIT and EBITDA margins show significant improvement in the TTM period, reflecting operational efficiency but with past volatility.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.13, suggesting a leveraged position typical for the real estate sector but posing potential risk. Positive ROE of 3.11% in the TTM period indicates modest returns to shareholders. The equity ratio stands at 36.92%, showing a stable capital structure, though with room for improvement in reducing leverage.

Cash Flow

Aroundtown SA's cash flow statement highlights a robust free cash flow generation, with a TTM free cash flow to net income ratio of 1.98, indicating strong cash conversion. The operating cash flow to net income ratio of 2.03 further underscores efficient cash management. However, fluctuations in free cash flow growth rates suggest volatility in cash flow generation.

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: 3.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• 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 3.07 is below the 20-day moving average (MA) of 3.19, below the 50-day MA of 3.24, and above the 200-day MA of 2.92, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 36.00 is Neutral, neither overbought nor oversold. The STOCH value of 9.12 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	―	€4.86B	7.99	8.02%	4.20%	5.99%	―
DEQ	―	€1.42B	10.59	7.08%	28.26%	-7.17%	―
GYC	―	€1.83B	4.48	11.68%	―	0.19%	―
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AT1	―	€3.35B	4.61	9.56%	―	-1.82%	―
TEG	―	€2.72B	9.17	9.17%	2.84%	-22.06%	―
PAT	―	€614.65M	28.38	2.00%	4.89%	-9.25%	―

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.