New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (€12.9m market cap, or US$15.0m). Price Target Changed • Dec 30
Price target decreased by 63% to €1.50 Down from €4.07, the current price target is provided by 1 analyst. New target price is 88% above last closing price of €0.80. Stock is down 20% over the past year. The company posted a net loss per share of €1.18 last year. 공고 • Jun 17
Grounds Real Estate May Manage Assets of Insolvent Ziegert German residential property specialist The Grounds Real Estate Development AG (XTRA:AMM) said that it may take over the asset management for individual companies of insolvent property developer Ziegert Group (Ziegert Group Holding Gmbh). The Grounds Real Estate Development is in talks regarding asset management with US private equity firm HIG Capital Group (H.I.G. Capital, LLC), which is set to acquire Ziegert’s companies. The acquisition is currently under review by the German Federal Cartel Office. The potential asset management deal between HIG and the Grounds is subject to a positive outcome of the regulatory review and the parties agreeing on the terms. 공고 • May 19
The Grounds Real Estate Development AG, Annual General Meeting, Jun 23, 2025 The Grounds Real Estate Development AG, Annual General Meeting, Jun 23, 2025, at 13:00 W. Europe Standard Time. 공고 • Feb 26
The Grounds Real Estate Development AG Appoints Andrew Wallis as Chief Financial Officer, Effective March 1, 2025 The Supervisory Board of The Grounds Real Estate Development AG appointed Andrew Wallis as Chief Financial Officer (CFO) of the company with effect from 1 March 2025. In future, Wallis will manage the company together with Jacopo Mingazzini (CEO), who had temporarily managed the business alone since May 2023. Andrew Wallis has worked for Merrill Lynch, JP Morgan and HSBC, among others. He was Deputy CEO of Aroundtown S. A. in Berlin from 2014 to 2020. Since 2020, he has acted as a consultant on a number of M&A projects, and took on operational restructuring mandates in which he assumed interim management or board responsibility in the companies involved on several occasions. 공고 • Jan 23
the Grounds Real Estate Development AG Announces Supervisory Board Changes The Grounds Real Estate Development AG announced a personnel change on its supervisory board after successfully completing its capital measures. The new partnership between H.I.G. and The Grounds is now also going to be supported on personnel level by appointment of Mr. Stelios Theodosiou, Managing Director at H.I.G. Realty Partners, London and Mr. Daniel Wöhler, Director and Head of DACH at H.I.G. Realty Partners, London, to the supervisory board of The Grounds. They are replacing Messrs Thomas Bergander and Eric Mozanowski on the board. Mr. Mozanowski will stay with The Grounds as one of its largest shareholders through ZuHause Immobilien Handelsgesellschaft mbH. New Risk • Oct 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.08m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (€9.08m market cap, or US$9.86m). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • Oct 01
First half 2024 earnings released: €0.30 loss per share (vs €0.05 loss in 1H 2023) First half 2024 results: €0.30 loss per share (further deteriorated from €0.05 loss in 1H 2023). Revenue: €8.71m (down 46% from 1H 2023). Net loss: €5.40m (loss widened €4.56m from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. 공고 • Aug 14
The Grounds Real Estate Development AG, Annual General Meeting, Sep 19, 2024 The Grounds Real Estate Development AG, Annual General Meeting, Sep 19, 2024, at 11:00 W. Europe Standard Time. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€12.2m market cap, or US$13.1m). Reported Earnings • May 02
Full year 2023 earnings released: €0.39 loss per share (vs €0.066 profit in FY 2022) Full year 2023 results: €0.39 loss per share (down from €0.066 profit in FY 2022). Revenue: €24.5m (down 33% from FY 2022). Net loss: €7.03m (down €8.20m from profit in FY 2022). Revenue is forecast to grow 11% 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, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • Apr 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€11.0m market cap, or US$11.9m). Price Target Changed • Feb 01
Price target increased by 28% to €2.60 Up from €2.04, the current price target is provided by 1 analyst. New target price is 303% above last closing price of €0.65. Stock is down 62% over the past year. The company posted earnings per share of €0.066 last year. 공고 • Oct 15
The Grounds Real Estate Development AG announced that it has received funding from H.I.G. Capital, LLC The Grounds Real Estate Development AG announced that it has received an investment from new investor, H.I.G. Capital, LLC on October 13, 2023. Reported Earnings • Sep 28
First half 2023 earnings released: €0.05 loss per share (vs €0.08 profit in 1H 2022) First half 2023 results: €0.05 loss per share (down from €0.08 profit in 1H 2022). Revenue: €16.2m (down 24% from 1H 2022). Net loss: €840.0k (down 158% from profit in 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year. 공고 • Sep 22
The Grounds Real Estate Development AG Provides Earnings Guidance for Full Year 2023 The Grounds Real Estate Development AG provided earnings guidance for full year 2023. Company maintains its previous forecast for the full year, which assumes sales revenues of between EUR 40 million and EUR 45 million and an EBIT of EUR 4 million to EUR 5 million. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.04, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.34, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 3x in the Real Estate industry in Germany. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €1.32, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 17x in the Real Estate industry in Germany. Total returns to shareholders of 4.8% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.42, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 16x in the Real Estate industry in Germany. Total returns to shareholders of 3.6% over the past three years. Reported Earnings • May 01
Full year 2022 earnings released: EPS: €0.07 (vs €0.29 in FY 2021) Full year 2022 results: EPS: €0.07 (down from €0.29 in FY 2021). Revenue: €37.6m (up 19% from FY 2021). Net income: €1.17m (down 77% from FY 2021). Profit margin: 3.1% (down from 16% in FY 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 35% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.36, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Real Estate industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.82 per share. Buying Opportunity • Mar 18
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be €1.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 37% in 2 years. Earnings is forecast to grow by 13% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to €2.85 Down from €3.10, the current price target is an average from 2 analysts. New target price is 43% above last closing price of €1.99. Stock is down 1.5% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.29 last year. Price Target Changed • Sep 27
Price target decreased to €3.10 Down from €3.70, the current price target is an average from 2 analysts. New target price is 60% above last closing price of €1.94. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.29 last year. Reported Earnings • Sep 24
First half 2022 earnings released: EPS: €0.08 (vs €0.01 in 1H 2021) First half 2022 results: EPS: €0.08 (up from €0.01 in 1H 2021). Revenue: €21.7m (up 341% from 1H 2021). Net income: €1.44m (up €1.35m from 1H 2021). Profit margin: 6.6% (up from 1.9% in 1H 2021). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: €0.29 (vs €0.22 in FY 2020) Full year 2021 results: EPS: €0.29 (up from €0.22 in FY 2020). Revenue: €31.6m (up 1.0% from FY 2020). Net income: €5.10m (up 42% from FY 2020). Profit margin: 16% (up from 12% in FY 2020). Over the next year, revenue is forecast to grow 17%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 23
Price target increased to €3.90 Up from €3.55, the current price target is an average from 2 analysts. New target price is 68% above last closing price of €2.32. Stock is down 4.9% over the past year. The company is forecast to post earnings per share of €0.16 for next year compared to €0.22 last year. Executive Departure • Sep 01
Supervisory Board Member Hansjorg Plaggemars has left the company On the 27th of August, Hansjorg Plaggemars' tenure as Supervisory Board Member ended after 1.3 years in the role. We don't have any record of a personal shareholding under Hansjorg's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. Is New 90 Day High Low • Dec 19
New 90-day high: €2.94 The company is up 41% from its price of €2.08 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: €2.54 The company is up 32% from its price of €1.92 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 14% over the same period.