CTP（3YZ）株式概要CTP N.V.はその子会社とともに、西欧および中東欧で商業用不動産の開発、所有、運営、賃貸を行っている。 詳細3YZ ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長2/6過去の実績1/6財務の健全性1/6配当金2/6報酬株価収益率（ 7.2 x） German市場（ 17.3 x）を下回っています。収益は年間8.58%増加すると予測されています 過去5年間の収益は年間11.5%増加しました。 同業他社や業界と比較して、良好な取引価格 アナリストらは、株価が31.3%上昇するだろうとほぼ一致している。 リスク分析利払いは収益で十分にカバーされない 財務結果に影響を与える大きな一時的項目 3.97%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る3YZ Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW480,107 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA480,107 investors already sharing narrativesYour Fair Value€Current Price€16.144.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue €1.6bEarnings €1.7bAdvancedSet Fair ValueView all narrativesCTP N.V. 競合他社Deutsche WohnenSymbol: XTRA:DWNIMarket cap: €7.2bCPI Property GroupSymbol: XTRA:O5GMarket cap: €6.1bLEG ImmobilienSymbol: XTRA:LEGMarket cap: €3.9bVonoviaSymbol: XTRA:VNAMarket cap: €17.3b価格と性能株価の高値、安値、推移の概要CTP過去の株価現在の株価€16.1452週高値€19.5452週安値€14.00ベータ1.01ヶ月の変化3.73%3ヶ月変化2.41%1年変化-11.90%3年間の変化30.58%5年間の変化-1.88%IPOからの変化16.96%最新ニュースお知らせ • May 22CTP N.V. Approves Final Dividend for the Financial Year 2025, Payable on June 12, 2026CTP N.V. at The Annual General Meeting held on May 20, 2026 approved a final dividend of €0.32 per ordinary share for the financial year 2025. The total 2025 dividend amounts to €0.63 per ordinary share, which equates a Company specific adjusted EPRA EPS pay-out of 74%. Ex-dividend before opening of business: 22 May 2026. Record date dividend at close of business: 25 May 2026. Start election period stock or cash dividend: 26 May 2026 . End election period: 8 June 2026 including . Payment date dividend (cash and new shares): 12 June 2026 .Upcoming Dividend • May 20Upcoming dividend of €0.32 per shareEligible shareholders must have bought the stock before 26 May 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.9%).お知らせ • Jan 20CTP N.V. Appoints Rob Jones As Head Of Investor Relations And Public RelationsCTP N.V. has appointed Rob Jones as Head of Investor Relations and Public Relations. Rob Jones joins CTP as Head of Investor Relations and PR, having previously led the European Real Estate Equity Research team at BNP Paribas. Rob will be working closely with Group CFO Richard Wilkinson and Maarten Otte, and will be actively travelling to meet existing and new investors.お知らせ • Nov 30CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million.CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million on November 28, 2025. VLD will be renamed CTP Italy, and the team will be led by Agostino Emanuele. CTP N.V. (ENXTAM:CTPNV) completed the acquisition of Valtidone Logistic Development Srl from FBH S.p.A. on November 28, 2025.お知らせ • Nov 07CTP N.V., Annual General Meeting, May 20, 2026CTP N.V., Annual General Meeting, May 20, 2026.お知らせ • Nov 06+ 1 more updateCTP N.V. to Report First Half, 2026 Results on Jul 30, 2026CTP N.V. announced that they will report first half, 2026 results on Jul 30, 2026最新情報をもっと見るRecent updatesお知らせ • May 22CTP N.V. Approves Final Dividend for the Financial Year 2025, Payable on June 12, 2026CTP N.V. at The Annual General Meeting held on May 20, 2026 approved a final dividend of €0.32 per ordinary share for the financial year 2025. The total 2025 dividend amounts to €0.63 per ordinary share, which equates a Company specific adjusted EPRA EPS pay-out of 74%. Ex-dividend before opening of business: 22 May 2026. Record date dividend at close of business: 25 May 2026. Start election period stock or cash dividend: 26 May 2026 . End election period: 8 June 2026 including . Payment date dividend (cash and new shares): 12 June 2026 .Upcoming Dividend • May 20Upcoming dividend of €0.32 per shareEligible shareholders must have bought the stock before 26 May 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.9%).お知らせ • Jan 20CTP N.V. Appoints Rob Jones As Head Of Investor Relations And Public RelationsCTP N.V. has appointed Rob Jones as Head of Investor Relations and Public Relations. Rob Jones joins CTP as Head of Investor Relations and PR, having previously led the European Real Estate Equity Research team at BNP Paribas. Rob will be working closely with Group CFO Richard Wilkinson and Maarten Otte, and will be actively travelling to meet existing and new investors.お知らせ • Nov 30CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million.CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million on November 28, 2025. VLD will be renamed CTP Italy, and the team will be led by Agostino Emanuele. CTP N.V. (ENXTAM:CTPNV) completed the acquisition of Valtidone Logistic Development Srl from FBH S.p.A. on November 28, 2025.お知らせ • Nov 07CTP N.V., Annual General Meeting, May 20, 2026CTP N.V., Annual General Meeting, May 20, 2026.お知らせ • Nov 06+ 1 more updateCTP N.V. to Report First Half, 2026 Results on Jul 30, 2026CTP N.V. announced that they will report first half, 2026 results on Jul 30, 2026お知らせ • Aug 07CTP N.V. Announces an Interim Dividend for the Period Ended June 30, 2025CTP N.V. announced an interim dividend of €0.31 per ordinary share, an increase of 6.9% compared to interim dividend 2024, and which represents a pay-out of 74% of the Company specific adjusted EPRA EPS, in line with the Group’s 70% - 80% dividend policy pay-out ratio. The default is a scrip dividend, but shareholders can opt for payment of the dividend in cash.お知らせ • May 08CTP N.V. to Report Fiscal Year 2025 Results on Feb 26, 2026CTP N.V. announced that they will report fiscal year 2025 results on Feb 26, 2026お知らせ • Apr 22+ 1 more updateCTP N.V. Approves Final Dividend on Ordinary Share for the Financial Year 2024, Payable on 15 May 2025CTP N.V. announced the voting results of the resolutions submitted to the Annual General Meeting of CTP N.V. ('AGM'), held on 22 April 2025. The AGM approved a final dividend of €0.30 per ordinary share for the financial year 2024. The total 2024 dividend amounts to €0.59 per ordinary share, which equates a Company specific adjusted EPRA EPS pay-out of 74%. The final dividend will be paid either in cash or in shares, at the election of the shareholder. Ex-dividend before opening of business: 24 April 2025, Record date dividend at close of business: 25 April 2025, and Payment date dividend (cash and new shares): 15 May 2025.お知らせ • Feb 27CTP N.V. Proposes Final Dividend for the Year 2024, Payable on 15 May 2025CTP N.V. proposed a final 2024 dividend of €0.30 per ordinary share, which will, subject to approval by the AGM, be paid on 15 May 2025. This will bring the total 2024 dividend to €0.59 per ordinary share, which represents a Company specific adjusted EPRA EPS pay-out of 74% - in line with the Groups’ dividend policy to pay-out 70%-80% - and growth of 12.4% compared to 2023.Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: €0.44 (vs €0.59 in 3Q 2023)Third quarter 2024 results: EPS: €0.44 (down from €0.59 in 3Q 2023). Revenue: €204.5m (up 23% from 3Q 2023). Net income: €203.3m (down 23% from 3Q 2023). Profit margin: 99% (down from 159% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year.お知らせ • Nov 07CTP N.V., Annual General Meeting, Apr 22, 2025CTP N.V., Annual General Meeting, Apr 22, 2025.お知らせ • Nov 06+ 2 more updatesCTP N.V. to Report Q1, 2025 Results on May 08, 2025CTP N.V. announced that they will report Q1, 2025 results on May 08, 2025New Risk • Sep 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.3% increase in shares outstanding).Upcoming Dividend • Aug 28Upcoming dividend of €0.29 per shareEligible shareholders must have bought the stock before 04 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%).Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: €0.68 (vs €0.55 in 2Q 2023)Second quarter 2024 results: EPS: €0.68 (up from €0.55 in 2Q 2023). Revenue: €211.6m (up 26% from 2Q 2023). Net income: €306.8m (up 26% from 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Aug 11Now 20% overvaluedOver the last 90 days, the stock has fallen 1.3% to €16.32. The fair value is estimated to be €13.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period.New Risk • May 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).お知らせ • May 10CTP N.V. to Report Fiscal Year 2024 Results on Feb 27, 2025CTP N.V. announced that they will report fiscal year 2024 results on Feb 27, 2025Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.51 (vs €0.51 in 1Q 2023)First quarter 2024 results: EPS: €0.51 (in line with 1Q 2023). Revenue: €190.2m (up 20% from 1Q 2023). Net income: €226.9m (flat on 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 25Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.5%).Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Gerard van Kesteren was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 08Full year 2023 earnings released: EPS: €2.07 (vs €1.83 in FY 2022)Full year 2023 results: EPS: €2.07 (up from €1.83 in FY 2022). Revenue: €673.8m (up 14% from FY 2022). Net income: €922.6m (up 16% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.お知らせ • Mar 07CTP N.V. to Report Q3, 2024 Results on Nov 07, 2024CTP N.V. announced that they will report Q3, 2024 results on Nov 07, 2024お知らせ • Feb 01CTP Appoints Marcus Breuer as Director of Business DevelopmentCTP is strengthening its German team with the appointment of Marcus Breuer as Business Development Director. With over 25 years of experience in the real estate industry, including around 20 years in management positions at various companies such as DIBAG Industriebau AG and EUROPA – CENTER AG, Marcus Breuer brings extensive expertise to his new role. In his position as Business Development Director at CTP, he and his team are responsible for letting activities within the existing portfolio, which CTP acquired from Deutsche Industrie REIT in form of a share deal at the beginning of 2022. The more specific skills of the real estate agent range from value-add and core-plus developments of former production sites to versatile business parks and site development in attractive locations.New Risk • Nov 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (143% net profit margin).Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: €0.59 (vs €0.24 in 3Q 2022)Third quarter 2023 results: EPS: €0.59 (up from €0.24 in 3Q 2022). Revenue: €165.9m (up 11% from 3Q 2022). Net income: €263.2m (up 150% from 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.お知らせ • Nov 10+ 3 more updatesCTP N.V., Annual General Meeting, Apr 23, 2024CTP N.V., Annual General Meeting, Apr 23, 2024.お知らせ • Sep 01CTP N.V. Announces Interim Divided of 2023, Payable on 4 September 2023CTP N.V. announced the conversion ratio of its 2023 interim dividend. The 2023 interim dividend amounted to €0.25 per ordinary share. Shareholders were given the choice to receive the dividend either in cash or in shares, with the share fraction for the dividend based on the volume-weighted average price (VWAP) of the Company’s shares on Euronext Amsterdam of the last three trading days of the election period, ending on 29 August 2023 (including). The number of dividend rights that entitles to 1 new ordinary share has been set at 50.53. The share dividend corresponds to the cash dividend of €0.25 per ordinary share. Shareholders representing approximately 79% of the total number of outstanding ordinary shares have chosen to receive the dividend in cash, while shareholders representing approximately 21% of the total number of outstanding ordinary shares opted for payment in shares. After payment of the dividend by way of delivery of the ordinary shares, the total number of issued and outstanding ordinary shares will increase by 1,860,807 to a total of 448,182,458 ordinary shares. The ordinary shares to be delivered as payment have a nominal value of €0.16 per share, are fully fungible with the Company's issued ordinary shares and will be listed and admitted to trading on Euronext Amsterdam. The payment date for the dividend payment in cash and delivery of the ordinary shares will be 4 September 2023.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: €0.55 (vs €1.03 in 2Q 2022)Second quarter 2023 results: EPS: €0.55 (down from €1.03 in 2Q 2022). Revenue: €168.7m (up 12% from 2Q 2022). Net income: €244.1m (down 44% from 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.お知らせ • May 13+ 1 more updateCTP N.V. to Report Q2, 2023 Results on Aug 10, 2023CTP N.V. announced that they will report Q2, 2023 results at 12:00 PM, Central European Standard Time on Aug 10, 2023Reported Earnings • May 12First quarter 2023 earnings released: EPS: €0.51 (vs €0.14 in 1Q 2022)First quarter 2023 results: EPS: €0.51 (up from €0.14 in 1Q 2022). Revenue: €158.0m (up 17% from 1Q 2022). Net income: €225.5m (up 272% from 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% decline forecast for the Real Estate industry in Germany.Upcoming Dividend • Apr 25Upcoming dividend of €0.23 per share at 3.9% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.9%).Recent Insider Transactions • Mar 31Independent Non-Executive Director recently bought €100k worth of stockOn the 28th of March, Pavel Trenka bought around 9k shares on-market at roughly €11.48 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Mar 12Independent Non-Executive Director recently bought €100k worth of stockOn the 6th of March, Pavel Trenka bought around 8k shares on-market at roughly €12.76 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €100k. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months.Reported Earnings • Mar 04Full year 2022 earnings released: EPS: €1.83 (vs €2.68 in FY 2021)Full year 2022 results: EPS: €1.83 (down from €2.68 in FY 2021). Revenue: €589.1m (up 45% from FY 2021). Net income: €794.6m (down 23% from FY 2021). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.Recent Insider Transactions • Jan 04Independent Non-Executive Director recently bought €100k worth of stockOn the 27th of December, Pavel Trenka bought around 9k shares on-market at roughly €10.74 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €101k. Insiders have collectively bought €5.8m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Nov 29Independent Non-Executive Director recently bought €101k worth of stockOn the 23rd of November, Pavel Trenka bought around 10k shares on-market at roughly €10.26 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €506k. Insiders have collectively bought €5.6m more in shares than they have sold in the last 12 months.Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CEO & Executive Director Remon Vos is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.24 (vs €0.33 in 3Q 2021)Third quarter 2022 results: EPS: €0.24 (down from €0.33 in 3Q 2021). Revenue: €149.4m (up 52% from 3Q 2021). Net income: €105.5m (down 19% from 3Q 2021). Profit margin: 71% (down from 132% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.Recent Insider Transactions • Oct 11Independent Non-Executive Director recently bought €72k worth of stockOn the 4th of October, Pavel Trenka bought around 7k shares on-market at roughly €10.37 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €506k. Insiders have collectively bought €5.6m more in shares than they have sold in the last 12 months.Buying Opportunity • Sep 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be €13.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 283%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is forecast to decline by 4.8% per annum over the same time period.Recent Insider Transactions • Sep 16Independent Non-Executive Director recently bought €100k worth of stockOn the 13th of September, Pavel Trenka bought around 8k shares on-market at roughly €13.10 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €4.8m more in shares than they have sold in the last 12 months.Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: €1.03 (vs €0.23 in 2Q 2021)Second quarter 2022 results: EPS: €1.03 (up from €0.23 in 2Q 2021). Revenue: €150.0m (up 55% from 2Q 2021). Net income: €435.7m (up 385% from 2Q 2021). Over the next year, revenue is forecast to grow 20% compared to a 46% decline forecast for the industry in Germany.Recent Insider Transactions • Jul 12Independent Non-Executive Director recently bought €60k worth of stockOn the 7th of July, Pavel Trenka bought around 5k shares on-market at roughly €11.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €5.3m more in shares than they have sold in the last 12 months.Reported Earnings • May 20First quarter 2022 earnings released: EPS: €0.14 (vs €0.29 in 1Q 2021)First quarter 2022 results: EPS: €0.14 (down from €0.29 in 1Q 2021). Revenue: €134.8m (up 30% from 1Q 2021). Net income: €60.6m (down 39% from 1Q 2021). Profit margin: 45% (down from 95% in 1Q 2021). Over the next year, revenue is forecast to grow 24% compared to a 42% decline forecast for the industry in Germany.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). CEO & Executive Director Remon Vos is the most experienced director on the board, commencing their role in 2020. Chair & Senior Independent Non Executive Director Barbara Knoflach was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Recent Insider Transactions • Nov 25Senior Independent Director recently bought €80k worth of stockOn the 19th of November, Barbara Knoflach bought around 5k shares on-market at roughly €16.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth €644k. Insiders have collectively bought €724k more in shares than they have sold in the last 12 months.Reported Earnings • Nov 19Third quarter 2021 earnings released: EPS €0.32Third quarter 2021 results: Revenue: €98.4m (up 25% from 3Q 2020). Net income: €129.5m (up 110% from 3Q 2020).Valuation Update With 7 Day Price Move • Oct 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to €20.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Real Estate industry in Germany.Recent Insider Transactions • Sep 26CEO & Executive Director recently bought €249k worth of stockOn the 24th of September, Remon Vos bought around 13k shares on-market at roughly €19.16 per share. In the last 3 months, they made an even bigger purchase worth €644k. Remon has been a buyer over the last 12 months, purchasing a net total of €894k worth in shares.Recent Insider Transactions • Sep 11CEO & Executive Director recently bought €644k worth of stockOn the 8th of September, Remon Vos bought around 32k shares on-market at roughly €20.14 per share. This was the largest purchase by an insider in the last 3 months. This was Remon's only on-market trade for the last 12 months.Reported Earnings • Aug 09First quarter 2021 earnings released: EPS €0.29The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €103.6m (up 5.1% from 1Q 2020). Net income: €98.5m (up 73% from 1Q 2020). Profit margin: 95% (up from 58% in 1Q 2020).Reported Earnings • May 17First quarter 2021 earnings released: EPS €0.29The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €103.5m (up 5.0% from 1Q 2020). Net income: €98.5m (up 73% from 1Q 2020). Profit margin: 95% (up from 58% in 1Q 2020).株主還元3YZDE Real EstateDE 市場7D-0.4%-0.6%0.1%1Y-11.9%-19.7%-0.5%株主還元を見る業界別リターン: 3YZ過去 1 年間で-19.7 % の収益を上げたGerman Real Estate業界を上回りました。リターン対市場: 3YZは、過去 1 年間で-0.5 % のリターンを上げたGerman市場を下回りました。価格変動Is 3YZ's price volatile compared to industry and market?3YZ volatility3YZ Average Weekly Movement3.2%Real Estate Industry Average Movement4.9%Market Average Movement5.3%10% most volatile stocks in DE Market12.7%10% least volatile stocks in DE Market2.7%安定した株価: 3YZ 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 3YZの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2019937Remon Voswww.ctp.euCTP N.V.は、その子会社とともに、西欧および中東欧で商業用不動産の開発、所有、運営、賃貸を行っている。倉庫、製造、研究開発、特注物件など様々な用途の工業用不動産を提供している。また、都心のオフィス・キャンパスや公園の開発、太陽エネルギー事業にも携わっている。さらに、オフィス、店舗、ホテル、太陽光発電などの不動産も運営している。同社は1998年に設立され、オランダのアムステルダムに本社を置く。CTP N.V.はCTP ホールディングB V.の子会社として運営されている。もっと見るCTP N.V. 基礎のまとめCTP の収益と売上を時価総額と比較するとどうか。3YZ 基礎統計学時価総額€7.91b収益（TTM）€1.10b売上高(TTM)€1.00b7.2xPER（株価収益率7.9xP/Sレシオ3YZ は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3YZ 損益計算書（TTM）収益€1.00b売上原価€202.20m売上総利益€800.90mその他の費用-€297.10m収益€1.10b直近の収益報告Mar 31, 2026次回決算日Jul 30, 2026一株当たり利益（EPS）2.24グロス・マージン79.84%純利益率109.46%有利子負債／自己資本比率108.3%3YZ の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.0%現在の配当利回り28%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/23 01:53終値2026/07/23 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CTP N.V. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。20 アナリスト機関Sander BunckBarclaysEleanor FrewBarclaysKai KloseBerenberg17 その他のアナリストを表示
お知らせ • May 22CTP N.V. Approves Final Dividend for the Financial Year 2025, Payable on June 12, 2026CTP N.V. at The Annual General Meeting held on May 20, 2026 approved a final dividend of €0.32 per ordinary share for the financial year 2025. The total 2025 dividend amounts to €0.63 per ordinary share, which equates a Company specific adjusted EPRA EPS pay-out of 74%. Ex-dividend before opening of business: 22 May 2026. Record date dividend at close of business: 25 May 2026. Start election period stock or cash dividend: 26 May 2026 . End election period: 8 June 2026 including . Payment date dividend (cash and new shares): 12 June 2026 .
Upcoming Dividend • May 20Upcoming dividend of €0.32 per shareEligible shareholders must have bought the stock before 26 May 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.9%).
お知らせ • Jan 20CTP N.V. Appoints Rob Jones As Head Of Investor Relations And Public RelationsCTP N.V. has appointed Rob Jones as Head of Investor Relations and Public Relations. Rob Jones joins CTP as Head of Investor Relations and PR, having previously led the European Real Estate Equity Research team at BNP Paribas. Rob will be working closely with Group CFO Richard Wilkinson and Maarten Otte, and will be actively travelling to meet existing and new investors.
お知らせ • Nov 30CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million.CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million on November 28, 2025. VLD will be renamed CTP Italy, and the team will be led by Agostino Emanuele. CTP N.V. (ENXTAM:CTPNV) completed the acquisition of Valtidone Logistic Development Srl from FBH S.p.A. on November 28, 2025.
お知らせ • Nov 07CTP N.V., Annual General Meeting, May 20, 2026CTP N.V., Annual General Meeting, May 20, 2026.
お知らせ • Nov 06+ 1 more updateCTP N.V. to Report First Half, 2026 Results on Jul 30, 2026CTP N.V. announced that they will report first half, 2026 results on Jul 30, 2026
お知らせ • May 22CTP N.V. Approves Final Dividend for the Financial Year 2025, Payable on June 12, 2026CTP N.V. at The Annual General Meeting held on May 20, 2026 approved a final dividend of €0.32 per ordinary share for the financial year 2025. The total 2025 dividend amounts to €0.63 per ordinary share, which equates a Company specific adjusted EPRA EPS pay-out of 74%. Ex-dividend before opening of business: 22 May 2026. Record date dividend at close of business: 25 May 2026. Start election period stock or cash dividend: 26 May 2026 . End election period: 8 June 2026 including . Payment date dividend (cash and new shares): 12 June 2026 .
Upcoming Dividend • May 20Upcoming dividend of €0.32 per shareEligible shareholders must have bought the stock before 26 May 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.9%).
お知らせ • Jan 20CTP N.V. Appoints Rob Jones As Head Of Investor Relations And Public RelationsCTP N.V. has appointed Rob Jones as Head of Investor Relations and Public Relations. Rob Jones joins CTP as Head of Investor Relations and PR, having previously led the European Real Estate Equity Research team at BNP Paribas. Rob will be working closely with Group CFO Richard Wilkinson and Maarten Otte, and will be actively travelling to meet existing and new investors.
お知らせ • Nov 30CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million.CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million on November 28, 2025. VLD will be renamed CTP Italy, and the team will be led by Agostino Emanuele. CTP N.V. (ENXTAM:CTPNV) completed the acquisition of Valtidone Logistic Development Srl from FBH S.p.A. on November 28, 2025.
お知らせ • Nov 07CTP N.V., Annual General Meeting, May 20, 2026CTP N.V., Annual General Meeting, May 20, 2026.
お知らせ • Nov 06+ 1 more updateCTP N.V. to Report First Half, 2026 Results on Jul 30, 2026CTP N.V. announced that they will report first half, 2026 results on Jul 30, 2026
お知らせ • Aug 07CTP N.V. Announces an Interim Dividend for the Period Ended June 30, 2025CTP N.V. announced an interim dividend of €0.31 per ordinary share, an increase of 6.9% compared to interim dividend 2024, and which represents a pay-out of 74% of the Company specific adjusted EPRA EPS, in line with the Group’s 70% - 80% dividend policy pay-out ratio. The default is a scrip dividend, but shareholders can opt for payment of the dividend in cash.
お知らせ • May 08CTP N.V. to Report Fiscal Year 2025 Results on Feb 26, 2026CTP N.V. announced that they will report fiscal year 2025 results on Feb 26, 2026
お知らせ • Apr 22+ 1 more updateCTP N.V. Approves Final Dividend on Ordinary Share for the Financial Year 2024, Payable on 15 May 2025CTP N.V. announced the voting results of the resolutions submitted to the Annual General Meeting of CTP N.V. ('AGM'), held on 22 April 2025. The AGM approved a final dividend of €0.30 per ordinary share for the financial year 2024. The total 2024 dividend amounts to €0.59 per ordinary share, which equates a Company specific adjusted EPRA EPS pay-out of 74%. The final dividend will be paid either in cash or in shares, at the election of the shareholder. Ex-dividend before opening of business: 24 April 2025, Record date dividend at close of business: 25 April 2025, and Payment date dividend (cash and new shares): 15 May 2025.
お知らせ • Feb 27CTP N.V. Proposes Final Dividend for the Year 2024, Payable on 15 May 2025CTP N.V. proposed a final 2024 dividend of €0.30 per ordinary share, which will, subject to approval by the AGM, be paid on 15 May 2025. This will bring the total 2024 dividend to €0.59 per ordinary share, which represents a Company specific adjusted EPRA EPS pay-out of 74% - in line with the Groups’ dividend policy to pay-out 70%-80% - and growth of 12.4% compared to 2023.
Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: €0.44 (vs €0.59 in 3Q 2023)Third quarter 2024 results: EPS: €0.44 (down from €0.59 in 3Q 2023). Revenue: €204.5m (up 23% from 3Q 2023). Net income: €203.3m (down 23% from 3Q 2023). Profit margin: 99% (down from 159% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year.
お知らせ • Nov 07CTP N.V., Annual General Meeting, Apr 22, 2025CTP N.V., Annual General Meeting, Apr 22, 2025.
お知らせ • Nov 06+ 2 more updatesCTP N.V. to Report Q1, 2025 Results on May 08, 2025CTP N.V. announced that they will report Q1, 2025 results on May 08, 2025
New Risk • Sep 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.3% increase in shares outstanding).
Upcoming Dividend • Aug 28Upcoming dividend of €0.29 per shareEligible shareholders must have bought the stock before 04 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%).
Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: €0.68 (vs €0.55 in 2Q 2023)Second quarter 2024 results: EPS: €0.68 (up from €0.55 in 2Q 2023). Revenue: €211.6m (up 26% from 2Q 2023). Net income: €306.8m (up 26% from 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Aug 11Now 20% overvaluedOver the last 90 days, the stock has fallen 1.3% to €16.32. The fair value is estimated to be €13.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period.
New Risk • May 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
お知らせ • May 10CTP N.V. to Report Fiscal Year 2024 Results on Feb 27, 2025CTP N.V. announced that they will report fiscal year 2024 results on Feb 27, 2025
Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.51 (vs €0.51 in 1Q 2023)First quarter 2024 results: EPS: €0.51 (in line with 1Q 2023). Revenue: €190.2m (up 20% from 1Q 2023). Net income: €226.9m (flat on 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 25Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.5%).
Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Gerard van Kesteren was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 08Full year 2023 earnings released: EPS: €2.07 (vs €1.83 in FY 2022)Full year 2023 results: EPS: €2.07 (up from €1.83 in FY 2022). Revenue: €673.8m (up 14% from FY 2022). Net income: €922.6m (up 16% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
お知らせ • Mar 07CTP N.V. to Report Q3, 2024 Results on Nov 07, 2024CTP N.V. announced that they will report Q3, 2024 results on Nov 07, 2024
お知らせ • Feb 01CTP Appoints Marcus Breuer as Director of Business DevelopmentCTP is strengthening its German team with the appointment of Marcus Breuer as Business Development Director. With over 25 years of experience in the real estate industry, including around 20 years in management positions at various companies such as DIBAG Industriebau AG and EUROPA – CENTER AG, Marcus Breuer brings extensive expertise to his new role. In his position as Business Development Director at CTP, he and his team are responsible for letting activities within the existing portfolio, which CTP acquired from Deutsche Industrie REIT in form of a share deal at the beginning of 2022. The more specific skills of the real estate agent range from value-add and core-plus developments of former production sites to versatile business parks and site development in attractive locations.
New Risk • Nov 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (143% net profit margin).
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: €0.59 (vs €0.24 in 3Q 2022)Third quarter 2023 results: EPS: €0.59 (up from €0.24 in 3Q 2022). Revenue: €165.9m (up 11% from 3Q 2022). Net income: €263.2m (up 150% from 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.
お知らせ • Nov 10+ 3 more updatesCTP N.V., Annual General Meeting, Apr 23, 2024CTP N.V., Annual General Meeting, Apr 23, 2024.
お知らせ • Sep 01CTP N.V. Announces Interim Divided of 2023, Payable on 4 September 2023CTP N.V. announced the conversion ratio of its 2023 interim dividend. The 2023 interim dividend amounted to €0.25 per ordinary share. Shareholders were given the choice to receive the dividend either in cash or in shares, with the share fraction for the dividend based on the volume-weighted average price (VWAP) of the Company’s shares on Euronext Amsterdam of the last three trading days of the election period, ending on 29 August 2023 (including). The number of dividend rights that entitles to 1 new ordinary share has been set at 50.53. The share dividend corresponds to the cash dividend of €0.25 per ordinary share. Shareholders representing approximately 79% of the total number of outstanding ordinary shares have chosen to receive the dividend in cash, while shareholders representing approximately 21% of the total number of outstanding ordinary shares opted for payment in shares. After payment of the dividend by way of delivery of the ordinary shares, the total number of issued and outstanding ordinary shares will increase by 1,860,807 to a total of 448,182,458 ordinary shares. The ordinary shares to be delivered as payment have a nominal value of €0.16 per share, are fully fungible with the Company's issued ordinary shares and will be listed and admitted to trading on Euronext Amsterdam. The payment date for the dividend payment in cash and delivery of the ordinary shares will be 4 September 2023.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: €0.55 (vs €1.03 in 2Q 2022)Second quarter 2023 results: EPS: €0.55 (down from €1.03 in 2Q 2022). Revenue: €168.7m (up 12% from 2Q 2022). Net income: €244.1m (down 44% from 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.
お知らせ • May 13+ 1 more updateCTP N.V. to Report Q2, 2023 Results on Aug 10, 2023CTP N.V. announced that they will report Q2, 2023 results at 12:00 PM, Central European Standard Time on Aug 10, 2023
Reported Earnings • May 12First quarter 2023 earnings released: EPS: €0.51 (vs €0.14 in 1Q 2022)First quarter 2023 results: EPS: €0.51 (up from €0.14 in 1Q 2022). Revenue: €158.0m (up 17% from 1Q 2022). Net income: €225.5m (up 272% from 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% decline forecast for the Real Estate industry in Germany.
Upcoming Dividend • Apr 25Upcoming dividend of €0.23 per share at 3.9% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.9%).
Recent Insider Transactions • Mar 31Independent Non-Executive Director recently bought €100k worth of stockOn the 28th of March, Pavel Trenka bought around 9k shares on-market at roughly €11.48 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Mar 12Independent Non-Executive Director recently bought €100k worth of stockOn the 6th of March, Pavel Trenka bought around 8k shares on-market at roughly €12.76 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €100k. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months.
Reported Earnings • Mar 04Full year 2022 earnings released: EPS: €1.83 (vs €2.68 in FY 2021)Full year 2022 results: EPS: €1.83 (down from €2.68 in FY 2021). Revenue: €589.1m (up 45% from FY 2021). Net income: €794.6m (down 23% from FY 2021). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
Recent Insider Transactions • Jan 04Independent Non-Executive Director recently bought €100k worth of stockOn the 27th of December, Pavel Trenka bought around 9k shares on-market at roughly €10.74 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €101k. Insiders have collectively bought €5.8m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Nov 29Independent Non-Executive Director recently bought €101k worth of stockOn the 23rd of November, Pavel Trenka bought around 10k shares on-market at roughly €10.26 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €506k. Insiders have collectively bought €5.6m more in shares than they have sold in the last 12 months.
Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CEO & Executive Director Remon Vos is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.24 (vs €0.33 in 3Q 2021)Third quarter 2022 results: EPS: €0.24 (down from €0.33 in 3Q 2021). Revenue: €149.4m (up 52% from 3Q 2021). Net income: €105.5m (down 19% from 3Q 2021). Profit margin: 71% (down from 132% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
Recent Insider Transactions • Oct 11Independent Non-Executive Director recently bought €72k worth of stockOn the 4th of October, Pavel Trenka bought around 7k shares on-market at roughly €10.37 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €506k. Insiders have collectively bought €5.6m more in shares than they have sold in the last 12 months.
Buying Opportunity • Sep 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be €13.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 283%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is forecast to decline by 4.8% per annum over the same time period.
Recent Insider Transactions • Sep 16Independent Non-Executive Director recently bought €100k worth of stockOn the 13th of September, Pavel Trenka bought around 8k shares on-market at roughly €13.10 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €4.8m more in shares than they have sold in the last 12 months.
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: €1.03 (vs €0.23 in 2Q 2021)Second quarter 2022 results: EPS: €1.03 (up from €0.23 in 2Q 2021). Revenue: €150.0m (up 55% from 2Q 2021). Net income: €435.7m (up 385% from 2Q 2021). Over the next year, revenue is forecast to grow 20% compared to a 46% decline forecast for the industry in Germany.
Recent Insider Transactions • Jul 12Independent Non-Executive Director recently bought €60k worth of stockOn the 7th of July, Pavel Trenka bought around 5k shares on-market at roughly €11.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €5.3m more in shares than they have sold in the last 12 months.
Reported Earnings • May 20First quarter 2022 earnings released: EPS: €0.14 (vs €0.29 in 1Q 2021)First quarter 2022 results: EPS: €0.14 (down from €0.29 in 1Q 2021). Revenue: €134.8m (up 30% from 1Q 2021). Net income: €60.6m (down 39% from 1Q 2021). Profit margin: 45% (down from 95% in 1Q 2021). Over the next year, revenue is forecast to grow 24% compared to a 42% decline forecast for the industry in Germany.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). CEO & Executive Director Remon Vos is the most experienced director on the board, commencing their role in 2020. Chair & Senior Independent Non Executive Director Barbara Knoflach was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Recent Insider Transactions • Nov 25Senior Independent Director recently bought €80k worth of stockOn the 19th of November, Barbara Knoflach bought around 5k shares on-market at roughly €16.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth €644k. Insiders have collectively bought €724k more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 19Third quarter 2021 earnings released: EPS €0.32Third quarter 2021 results: Revenue: €98.4m (up 25% from 3Q 2020). Net income: €129.5m (up 110% from 3Q 2020).
Valuation Update With 7 Day Price Move • Oct 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to €20.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Real Estate industry in Germany.
Recent Insider Transactions • Sep 26CEO & Executive Director recently bought €249k worth of stockOn the 24th of September, Remon Vos bought around 13k shares on-market at roughly €19.16 per share. In the last 3 months, they made an even bigger purchase worth €644k. Remon has been a buyer over the last 12 months, purchasing a net total of €894k worth in shares.
Recent Insider Transactions • Sep 11CEO & Executive Director recently bought €644k worth of stockOn the 8th of September, Remon Vos bought around 32k shares on-market at roughly €20.14 per share. This was the largest purchase by an insider in the last 3 months. This was Remon's only on-market trade for the last 12 months.
Reported Earnings • Aug 09First quarter 2021 earnings released: EPS €0.29The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €103.6m (up 5.1% from 1Q 2020). Net income: €98.5m (up 73% from 1Q 2020). Profit margin: 95% (up from 58% in 1Q 2020).
Reported Earnings • May 17First quarter 2021 earnings released: EPS €0.29The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €103.5m (up 5.0% from 1Q 2020). Net income: €98.5m (up 73% from 1Q 2020). Profit margin: 95% (up from 58% in 1Q 2020).
