View ValuationBranicks Group 향후 성장Future 기준 점검 0/6Branicks Group의 수익이 연간 21.8%로 감소할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Real Estate 이익 성장2.7%매출 성장률-21.8%향후 자기자본이익률1.51%애널리스트 커버리지Low마지막 업데이트29 Jun 2026최근 향후 성장 업데이트Price Target Changed • May 20Price target decreased by 58% to €1.67Down from €3.98, the current price target is an average from 3 analysts. New target price is 48% above last closing price of €1.13. Stock is down 38% over the past year. The company is forecast to post a net loss per share of €1.66 next year compared to a net loss per share of €3.36 last year.Price Target Changed • Dec 30Price target increased by 7.2% to €3.71Up from €3.46, the current price target is an average from 6 analysts. New target price is 64% above last closing price of €2.26. Stock is down 32% over the past year. The company posted a net loss per share of €0.79 last year.Price Target Changed • Aug 19Price target increased by 9.6% to €3.71Up from €3.38, the current price target is an average from 6 analysts. New target price is 92% above last closing price of €1.93. Stock is down 55% over the past year. The company is forecast to post a net loss per share of €0.41 next year compared to a net loss per share of €0.79 last year.Price Target Changed • Jan 22Price target decreased by 7.2% to €5.98Down from €6.45, the current price target is an average from 6 analysts. New target price is 160% above last closing price of €2.30. Stock is down 74% over the past year. The company is forecast to post a net loss per share of €0.28 compared to earnings per share of €0.38 last year.Price Target Changed • Nov 15Price target decreased by 11% to €6.45Down from €7.24, the current price target is an average from 5 analysts. New target price is 50% above last closing price of €4.30. Stock is down 44% over the past year. The company is forecast to post a net loss per share of €0.26 compared to earnings per share of €0.38 last year.Price Target Changed • Jul 11Price target decreased by 22% to €8.48Down from €10.87, the current price target is an average from 5 analysts. New target price is 69% above last closing price of €5.02. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.38 last year.모든 업데이트 보기Recent updatesNew Risk • Jun 25New major risk - Revenue and earnings growthEarnings have declined by 76% 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 Risk Earnings have declined by 76% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change).New Risk • Jun 03New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €84.0m (US$97.4m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (€84.0m market cap, or US$97.4m).New Risk • May 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change).Price Target Changed • May 20Price target decreased by 58% to €1.67Down from €3.98, the current price target is an average from 3 analysts. New target price is 48% above last closing price of €1.13. Stock is down 38% over the past year. The company is forecast to post a net loss per share of €1.66 next year compared to a net loss per share of €3.36 last year.공고 • Nov 08+ 3 more updatesBranicks Group AG to Report First Half, 2026 Results on Aug 26, 2026Branicks Group AG announced that they will report first half, 2026 results on Aug 26, 2026공고 • Aug 29VIB Vermögen AG (XTRA:VIH1) completed the acquisition of Institutional Business of Branicks Group AG (XTRA:DIC).VIB Vermögen AG (XTRA:VIH1) entered into a purchase agreement to acquire Institutional Business of Branicks Group AG (XTRA:DIC) on July 7, 2025. The volume of the transfer to VIB Vermögen is around €360 million. The business relationship with institutional investors will not change. The customer interface and account managers will remain unchanged. The Commercial Portfolio of Branicks Group AG is not affected by the organisational change. The closing of the transaction is still subject to the usual, purely formal closing conditions. Branicks and VIB have also agreed that upon completion of the transfer, all claims of VIB against Branicks arising from the loan granted by VIB Vermögen AG to Branicks Group AG on July 7, 2023 in the amount of around €300 million will be offset. VIB Vermögen AG (XTRA:VIH1) completed the acquisition of Institutional Business of Branicks Group AG (XTRA:DIC) on August 27, 2025.공고 • Jul 15Branicks Group AG, Annual General Meeting, Aug 20, 2025Branicks Group AG, Annual General Meeting, Aug 20, 2025, at 10:00 W. Europe Standard Time.Price Target Changed • Dec 30Price target increased by 7.2% to €3.71Up from €3.46, the current price target is an average from 6 analysts. New target price is 64% above last closing price of €2.26. Stock is down 32% over the past year. The company posted a net loss per share of €0.79 last year.공고 • Nov 21BRESTADT GmbH agreed to acquire Galeria Kaufhof in Bremen City Center from Branicks Group AG (XTRA:DIC) for €37.2 million.BRESTADT GmbH agreed to acquire Galeria Kaufhof in Bremen City Center from Branicks Group AG (XTRA:DIC) for €37.2 million on November 18, 2024. A cash consideration of €37.2 million will be paid by BRESTADT GmbH. The transaction is expected to close by the end of 2024.Reported Earnings • Nov 13Third quarter 2024 earnings released: €0.32 loss per share (vs €0.08 loss in 3Q 2023)Third quarter 2024 results: €0.32 loss per share (further deteriorated from €0.08 loss in 3Q 2023). Revenue: €66.5m (down 1.8% from 3Q 2023). Net loss: €26.5m (loss widened 321% from 3Q 2023). Revenue is expected to fall by 22% 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, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.공고 • Nov 07+ 3 more updatesBranicks Group AG to Report Q3, 2025 Results on Nov 06, 2025Branicks Group AG announced that they will report Q3, 2025 results on Nov 06, 2025Reported Earnings • Aug 28Second quarter 2024 earnings released: €1.10 loss per share (vs €0.18 loss in 2Q 2023)Second quarter 2024 results: €1.10 loss per share (further deteriorated from €0.18 loss in 2Q 2023). Revenue: €64.3m (down 3.6% from 2Q 2023). Net loss: €92.2m (loss widened €77.0m from 2Q 2023). Revenue is expected to fall by 26% 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 71 percentage points per year, which is a significant difference in performance.Price Target Changed • Aug 19Price target increased by 9.6% to €3.71Up from €3.38, the current price target is an average from 6 analysts. New target price is 92% above last closing price of €1.93. Stock is down 55% over the past year. The company is forecast to post a net loss per share of €0.41 next year compared to a net loss per share of €0.79 last year.공고 • Aug 16An undisclosed buyer acquired Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC).An undisclosed buyer acquired Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC) on August 16, 2024. An undisclosed buyer completed the acquisition of Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC) on August 16, 2024.공고 • Jul 12Branicks Group AG, Annual General Meeting, Aug 22, 2024Branicks Group AG, Annual General Meeting, Aug 22, 2024, at 10:00 W. Europe Standard Time.Reported Earnings • May 02Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: €0.79 loss per share (down from €0.38 profit in FY 2022). Revenue: €272.0m (down 14% from FY 2022). Net loss: €66.0m (down 313% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 177%. Revenue is expected to fall by 23% p.a. on average during the next 2 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 34 percentage points per year, which is a significant difference in performance.공고 • Mar 06Branicks Group AG to Report Fiscal Year 2023 Results on Apr 30, 2024Branicks Group AG announced that they will report fiscal year 2023 results on Apr 30, 2024New Risk • Mar 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €88.6m (US$96.1m) This is considered a minor 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 Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€88.6m market cap, or US$96.1m).Buy Or Sell Opportunity • Jan 24Now 30% undervalued after recent price dropOver the last 90 days, the stock has fallen 44% to €1.99. The fair value is estimated to be €2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 39% in 2 years. Earnings are forecast to grow by 72% in the next 2 years.Price Target Changed • Jan 22Price target decreased by 7.2% to €5.98Down from €6.45, the current price target is an average from 6 analysts. New target price is 160% above last closing price of €2.30. Stock is down 74% over the past year. The company is forecast to post a net loss per share of €0.28 compared to earnings per share of €0.38 last year.New Risk • Dec 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Paying a dividend despite being loss-making.Price Target Changed • Nov 15Price target decreased by 11% to €6.45Down from €7.24, the current price target is an average from 5 analysts. New target price is 50% above last closing price of €4.30. Stock is down 44% over the past year. The company is forecast to post a net loss per share of €0.26 compared to earnings per share of €0.38 last year.New Risk • Nov 09New major risk - Revenue and earnings growthEarnings have declined by 14% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 14% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.2% average weekly change).공고 • Nov 03+ 3 more updatesBranicks Group AG to Report Q3, 2024 Results on Nov 07, 2024Branicks Group AG announced that they will report Q3, 2024 results on Nov 07, 2024Buying Opportunity • Aug 07Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 35%. The fair value is estimated to be €5.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 40% in a year. Earnings is forecast to grow by 14% in the next year.Reported Earnings • Aug 04Second quarter 2023 earnings released: €0.18 loss per share (vs €0.18 profit in 2Q 2022)Second quarter 2023 results: €0.18 loss per share (down from €0.18 profit in 2Q 2022). Revenue: €66.7m (down 22% from 2Q 2022). Net loss: €15.2m (down 205% from profit in 2Q 2022). Revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.New Risk • Jul 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (287% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).New Risk • Jul 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.7% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (287% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin).Valuation Update With 7 Day Price Move • Jul 13Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €4.49, the stock trades at a forward P/E ratio of 109x. Average forward P/E is 5x in the Real Estate industry in Germany. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.60 per share.Price Target Changed • Jul 11Price target decreased by 22% to €8.48Down from €10.87, the current price target is an average from 5 analysts. New target price is 69% above last closing price of €5.02. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.38 last year.공고 • May 31DIC Asset AG Appoints Michael Tegeder as Head of Corporate FinanceDIC Asset AG appointed Michael Tegeder as its new Head of Corporate Finance. He takes over the position from Rutger Kaeding, who is leaving the company at his own request to pursue a new challenge. Mr. Tegeder has many years of industry experience in the real estate sector and is a financial expert. Before joining DIC he held senior positions at listed real estate companies with responsibility for corporate finance and investor relations, among them B&O Group, Patrizia AG and DAX-listed Vonovia SE.Reported Earnings • May 14First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: €70.4m (up 17% from 1Q 2022). Net income: €96.0k (down 99% from 1Q 2022). Profit margin: 0.1% (down from 16% in 1Q 2022). Revenue is expected to fall by 14% p.a. on average during the next 3 years compared to a 20% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.공고 • May 11DIC Asset AG Reaffirms Earnings Guidance for the Year 2023DIC Asset AG reaffirmed earnings guidance for the year 2023. The company forecast for its key earnings figures for the current financial year, which was issued in the context of the publication of the annual figures for 2022, remains unchanged.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €6.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 5x in the Real Estate industry in Germany. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.41 per share.Upcoming Dividend • Mar 24Upcoming dividend of €0.75 per share at 8.5% yieldEligible shareholders must have bought the stock before 31 March 2023. Payment date: 02 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%).공고 • Feb 18DIC Asset AG Proposes Dividend for the Year 2022DIC Asset AG's Supervisory Board con-curred with the Management Board's recommendation to propose to the General Shareholders' Meeting that a dividend of EUR 0.75 per share carrying dividend rights be distributed to the shareholders from the retained earnings of financial year 2022 and that the remaining amount be carried forward to new account.Price Target Changed • Feb 16Price target decreased by 14% to €11.20Down from €13.02, the current price target is an average from 6 analysts. New target price is 29% above last closing price of €8.71. Stock is down 43% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.38 last year.Reported Earnings • Feb 16Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: €0.38 (down from €0.71 in FY 2021). Revenue: €295.6m (up 24% from FY 2021). Net income: €31.0m (down 46% from FY 2021). Profit margin: 11% (down from 24% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Price Target Changed • Feb 05Price target decreased by 14% to €11.68Down from €13.58, the current price target is an average from 6 analysts. New target price is 29% above last closing price of €9.05. Stock is down 39% over the past year. The company is forecast to post earnings per share of €0.49 for next year compared to €0.71 last year.Price Target Changed • Nov 30Price target decreased to €14.08Down from €15.50, the current price target is an average from 7 analysts. New target price is 88% above last closing price of €7.50. Stock is down 49% over the past year. The company is forecast to post earnings per share of €0.51 for next year compared to €0.71 last year.Price Target Changed • Nov 16Price target decreased to €15.50Down from €19.46, the current price target is an average from 7 analysts. New target price is 98% above last closing price of €7.84. Stock is down 49% over the past year. The company is forecast to post earnings per share of €0.59 for next year compared to €0.71 last year.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.03 (vs €0.16 in 3Q 2021)Third quarter 2022 results: EPS: €0.03 (down from €0.16 in 3Q 2021). Revenue: €75.8m (up 24% from 3Q 2021). Net income: €2.53m (down 81% from 3Q 2021). Profit margin: 3.3% (down from 22% in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year.Price Target Changed • Oct 29Price target decreased to €17.96Down from €19.46, the current price target is an average from 7 analysts. New target price is 144% above last closing price of €7.35. Stock is down 52% over the past year. The company is forecast to post earnings per share of €1.29 for next year compared to €0.71 last year.공고 • Oct 25+ 2 more updatesDIC Asset AG to Report First Half, 2023 Results on Aug 03, 2023DIC Asset AG announced that they will report first half, 2023 results on Aug 03, 2023Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: €0.18 (vs €0.19 in 2Q 2021)Second quarter 2022 results: EPS: €0.18 (down from €0.19 in 2Q 2021). Revenue: €73.2m (up 25% from 2Q 2021). Net income: €14.5m (down 5.7% from 2Q 2021). Profit margin: 20% (down from 26% in 2Q 2021). Over the next year, revenue is expected to shrink by 25% compared to a 45% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • May 13First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: €0.12 (down from €0.27 in 1Q 2021). Revenue: €60.0m (up 9.3% from 1Q 2021). Net income: €9.39m (down 57% from 1Q 2021). Profit margin: 16% (down from 40% in 1Q 2021). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 23% compared to a 41% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Price Target Changed • Apr 05Price target increased to €21.45Up from €19.92, the current price target is an average from 5 analysts. New target price is 48% above last closing price of €14.54. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of €0.94 for next year compared to €0.71 last year.Upcoming Dividend • Mar 18Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 25 March 2022. Payment date: 02 May 2022. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 4.9%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (3.2%).Reported Earnings • Feb 10Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.71 (down from €0.88 in FY 2020). Revenue: €232.8m (up 8.8% from FY 2020). Net income: €57.8m (down 18% from FY 2020). Profit margin: 25% (down from 33% in FY 2020). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 55% compared to a 24% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 14Third quarter 2021 earnings released: EPS €0.16 (vs €0.12 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €61.2m (up 21% from 3Q 2020). Net income: €13.4m (up 36% from 3Q 2020). Profit margin: 22% (up from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS €0.19 (vs €0.15 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €58.6m (up 4.2% from 2Q 2020). Net income: €15.3m (up 24% from 2Q 2020). Profit margin: 26% (up from 22% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 08First quarter 2021 earnings released: EPS €0.27 (vs €0.21 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €52.4m (down 3.5% from 1Q 2020). Net income: €22.1m (up 38% from 1Q 2020). Profit margin: 42% (up from 30% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Mar 18Upcoming Dividend of €0.70 Per ShareWill be paid on the 22nd of April to those who are registered shareholders by the 25th of March. The trailing yield of 4.4% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (3.0%).Is New 90 Day High Low • Mar 13New 90-day high: €15.80The company is up 28% from its price of €12.30 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.25 per share.Reported Earnings • Feb 12Full year 2020 earnings released: EPS €0.88 (vs €1.13 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €213.9m (up 4.9% from FY 2019). Net income: €70.0m (down 14% from FY 2019). Profit margin: 33% (down from 40% in FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the next year, revenue is expected to shrink by 52% compared to a 32% decline forecast for the Real Estate industry in Germany.Price Target Changed • Feb 03Price target raised to €17.71Up from €16.38, the current price target is an average from 5 analysts. The new target price is 23% above the current share price of €14.46. As of last close, the stock is down 11% over the past year.Is New 90 Day High Low • Feb 03New 90-day high: €14.46The company is up 37% from its price of €10.52 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.38 per share.Is New 90 Day High Low • Jan 14New 90-day high: €14.14The company is up 41% from its price of €10.00 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.75 per share.Is New 90 Day High Low • Dec 30New 90-day high: €13.70The company is up 34% from its price of €10.24 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.39 per share.Is New 90 Day High Low • Dec 07New 90-day high: €13.56The company is up 22% from its price of €11.10 on 08 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 Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.50 per share.Is New 90 Day High Low • Nov 11New 90-day high: €11.54The company is up 3.0% from its price of €11.16 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.43 per share.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of €79.1m, up 46% from the prior year. Total revenue was €227.2m over the last 12 months, up 18% from the prior year.Is New 90 Day High Low • Oct 16New 90-day low: €10.00The company is down 8.0% from its price of €10.92 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.27 per share.Is New 90 Day High Low • Sep 26New 90-day low: €10.06The company is down 14% from its price of €11.70 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.32 per share.이익 및 매출 성장 예측DB:BRNK - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2027127N/AN/AN/A112/31/2026156N/AN/AN/A212/31/2025137-149N/AN/A19/30/2025224-2893737N/A6/30/2025238-2026161N/A3/31/2025250-2873838N/A12/31/2024258-2815555N/A9/30/2024269-1737474N/A6/30/2024270-1525252N/A3/31/2024271-75109110N/A12/31/2023278-669797N/A9/30/2023298-178989N/A6/30/2023307-8112113N/A3/31/202332622125126N/A12/31/202231531158159N/A9/30/202228733131132N/A6/30/202227144112113N/A3/31/2022244456566N/A12/31/2021239584343N/A9/30/2021228836369N/A6/30/2021217796166N/A3/31/2021215766369N/A12/31/2020214706267N/A9/30/2020217796060N/A6/30/2020222836464N/A3/31/2020217887070N/A12/31/2019204816565N/A9/30/2019192546263N/A6/30/201917950N/A70N/A3/31/201917248N/A57N/A12/31/201817048N/A62N/A9/30/201818165N/A65N/A6/30/201818469N/A68N/A3/31/201817965N/A61N/A12/31/201718164N/A57N/A9/30/2017164-19N/A56N/A6/30/2017156-30N/A46N/A3/31/2017157-32N/A37N/A12/31/2016158-28N/A34N/A9/30/201616427N/A41N/A6/30/201616936N/A39N/A3/31/201617631N/A48N/A12/31/201517820N/A53N/A9/30/201517924N/A41N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BRNK 의 예상 수익 증가율이 절약률(1.9%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: BRNK 의 수익이 German 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: BRNK 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: BRNK 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -21.8%).고성장 매출: BRNK 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -21.8%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: BRNK의 자본 수익률은 3년 후 1.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate-management-and-development 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/20 15:39종가2026/07/17 00:00수익2025/09/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Branicks Group AG는 8명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andre RemkeBaader Helvea Equity ResearchGerhard SchwarzBaader Helvea Equity ResearchKai KloseBerenberg5명의 분석가 더 보기
Price Target Changed • May 20Price target decreased by 58% to €1.67Down from €3.98, the current price target is an average from 3 analysts. New target price is 48% above last closing price of €1.13. Stock is down 38% over the past year. The company is forecast to post a net loss per share of €1.66 next year compared to a net loss per share of €3.36 last year.
Price Target Changed • Dec 30Price target increased by 7.2% to €3.71Up from €3.46, the current price target is an average from 6 analysts. New target price is 64% above last closing price of €2.26. Stock is down 32% over the past year. The company posted a net loss per share of €0.79 last year.
Price Target Changed • Aug 19Price target increased by 9.6% to €3.71Up from €3.38, the current price target is an average from 6 analysts. New target price is 92% above last closing price of €1.93. Stock is down 55% over the past year. The company is forecast to post a net loss per share of €0.41 next year compared to a net loss per share of €0.79 last year.
Price Target Changed • Jan 22Price target decreased by 7.2% to €5.98Down from €6.45, the current price target is an average from 6 analysts. New target price is 160% above last closing price of €2.30. Stock is down 74% over the past year. The company is forecast to post a net loss per share of €0.28 compared to earnings per share of €0.38 last year.
Price Target Changed • Nov 15Price target decreased by 11% to €6.45Down from €7.24, the current price target is an average from 5 analysts. New target price is 50% above last closing price of €4.30. Stock is down 44% over the past year. The company is forecast to post a net loss per share of €0.26 compared to earnings per share of €0.38 last year.
Price Target Changed • Jul 11Price target decreased by 22% to €8.48Down from €10.87, the current price target is an average from 5 analysts. New target price is 69% above last closing price of €5.02. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.38 last year.
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings have declined by 76% 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 Risk Earnings have declined by 76% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change).
New Risk • Jun 03New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €84.0m (US$97.4m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (€84.0m market cap, or US$97.4m).
New Risk • May 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change).
Price Target Changed • May 20Price target decreased by 58% to €1.67Down from €3.98, the current price target is an average from 3 analysts. New target price is 48% above last closing price of €1.13. Stock is down 38% over the past year. The company is forecast to post a net loss per share of €1.66 next year compared to a net loss per share of €3.36 last year.
공고 • Nov 08+ 3 more updatesBranicks Group AG to Report First Half, 2026 Results on Aug 26, 2026Branicks Group AG announced that they will report first half, 2026 results on Aug 26, 2026
공고 • Aug 29VIB Vermögen AG (XTRA:VIH1) completed the acquisition of Institutional Business of Branicks Group AG (XTRA:DIC).VIB Vermögen AG (XTRA:VIH1) entered into a purchase agreement to acquire Institutional Business of Branicks Group AG (XTRA:DIC) on July 7, 2025. The volume of the transfer to VIB Vermögen is around €360 million. The business relationship with institutional investors will not change. The customer interface and account managers will remain unchanged. The Commercial Portfolio of Branicks Group AG is not affected by the organisational change. The closing of the transaction is still subject to the usual, purely formal closing conditions. Branicks and VIB have also agreed that upon completion of the transfer, all claims of VIB against Branicks arising from the loan granted by VIB Vermögen AG to Branicks Group AG on July 7, 2023 in the amount of around €300 million will be offset. VIB Vermögen AG (XTRA:VIH1) completed the acquisition of Institutional Business of Branicks Group AG (XTRA:DIC) on August 27, 2025.
공고 • Jul 15Branicks Group AG, Annual General Meeting, Aug 20, 2025Branicks Group AG, Annual General Meeting, Aug 20, 2025, at 10:00 W. Europe Standard Time.
Price Target Changed • Dec 30Price target increased by 7.2% to €3.71Up from €3.46, the current price target is an average from 6 analysts. New target price is 64% above last closing price of €2.26. Stock is down 32% over the past year. The company posted a net loss per share of €0.79 last year.
공고 • Nov 21BRESTADT GmbH agreed to acquire Galeria Kaufhof in Bremen City Center from Branicks Group AG (XTRA:DIC) for €37.2 million.BRESTADT GmbH agreed to acquire Galeria Kaufhof in Bremen City Center from Branicks Group AG (XTRA:DIC) for €37.2 million on November 18, 2024. A cash consideration of €37.2 million will be paid by BRESTADT GmbH. The transaction is expected to close by the end of 2024.
Reported Earnings • Nov 13Third quarter 2024 earnings released: €0.32 loss per share (vs €0.08 loss in 3Q 2023)Third quarter 2024 results: €0.32 loss per share (further deteriorated from €0.08 loss in 3Q 2023). Revenue: €66.5m (down 1.8% from 3Q 2023). Net loss: €26.5m (loss widened 321% from 3Q 2023). Revenue is expected to fall by 22% 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, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
공고 • Nov 07+ 3 more updatesBranicks Group AG to Report Q3, 2025 Results on Nov 06, 2025Branicks Group AG announced that they will report Q3, 2025 results on Nov 06, 2025
Reported Earnings • Aug 28Second quarter 2024 earnings released: €1.10 loss per share (vs €0.18 loss in 2Q 2023)Second quarter 2024 results: €1.10 loss per share (further deteriorated from €0.18 loss in 2Q 2023). Revenue: €64.3m (down 3.6% from 2Q 2023). Net loss: €92.2m (loss widened €77.0m from 2Q 2023). Revenue is expected to fall by 26% 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 71 percentage points per year, which is a significant difference in performance.
Price Target Changed • Aug 19Price target increased by 9.6% to €3.71Up from €3.38, the current price target is an average from 6 analysts. New target price is 92% above last closing price of €1.93. Stock is down 55% over the past year. The company is forecast to post a net loss per share of €0.41 next year compared to a net loss per share of €0.79 last year.
공고 • Aug 16An undisclosed buyer acquired Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC).An undisclosed buyer acquired Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC) on August 16, 2024. An undisclosed buyer completed the acquisition of Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC) on August 16, 2024.
공고 • Jul 12Branicks Group AG, Annual General Meeting, Aug 22, 2024Branicks Group AG, Annual General Meeting, Aug 22, 2024, at 10:00 W. Europe Standard Time.
Reported Earnings • May 02Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: €0.79 loss per share (down from €0.38 profit in FY 2022). Revenue: €272.0m (down 14% from FY 2022). Net loss: €66.0m (down 313% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 177%. Revenue is expected to fall by 23% p.a. on average during the next 2 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 34 percentage points per year, which is a significant difference in performance.
공고 • Mar 06Branicks Group AG to Report Fiscal Year 2023 Results on Apr 30, 2024Branicks Group AG announced that they will report fiscal year 2023 results on Apr 30, 2024
New Risk • Mar 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €88.6m (US$96.1m) This is considered a minor 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 Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€88.6m market cap, or US$96.1m).
Buy Or Sell Opportunity • Jan 24Now 30% undervalued after recent price dropOver the last 90 days, the stock has fallen 44% to €1.99. The fair value is estimated to be €2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 39% in 2 years. Earnings are forecast to grow by 72% in the next 2 years.
Price Target Changed • Jan 22Price target decreased by 7.2% to €5.98Down from €6.45, the current price target is an average from 6 analysts. New target price is 160% above last closing price of €2.30. Stock is down 74% over the past year. The company is forecast to post a net loss per share of €0.28 compared to earnings per share of €0.38 last year.
New Risk • Dec 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Paying a dividend despite being loss-making.
Price Target Changed • Nov 15Price target decreased by 11% to €6.45Down from €7.24, the current price target is an average from 5 analysts. New target price is 50% above last closing price of €4.30. Stock is down 44% over the past year. The company is forecast to post a net loss per share of €0.26 compared to earnings per share of €0.38 last year.
New Risk • Nov 09New major risk - Revenue and earnings growthEarnings have declined by 14% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 14% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.2% average weekly change).
공고 • Nov 03+ 3 more updatesBranicks Group AG to Report Q3, 2024 Results on Nov 07, 2024Branicks Group AG announced that they will report Q3, 2024 results on Nov 07, 2024
Buying Opportunity • Aug 07Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 35%. The fair value is estimated to be €5.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 40% in a year. Earnings is forecast to grow by 14% in the next year.
Reported Earnings • Aug 04Second quarter 2023 earnings released: €0.18 loss per share (vs €0.18 profit in 2Q 2022)Second quarter 2023 results: €0.18 loss per share (down from €0.18 profit in 2Q 2022). Revenue: €66.7m (down 22% from 2Q 2022). Net loss: €15.2m (down 205% from profit in 2Q 2022). Revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
New Risk • Jul 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (287% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
New Risk • Jul 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.7% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (287% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin).
Valuation Update With 7 Day Price Move • Jul 13Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €4.49, the stock trades at a forward P/E ratio of 109x. Average forward P/E is 5x in the Real Estate industry in Germany. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.60 per share.
Price Target Changed • Jul 11Price target decreased by 22% to €8.48Down from €10.87, the current price target is an average from 5 analysts. New target price is 69% above last closing price of €5.02. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.38 last year.
공고 • May 31DIC Asset AG Appoints Michael Tegeder as Head of Corporate FinanceDIC Asset AG appointed Michael Tegeder as its new Head of Corporate Finance. He takes over the position from Rutger Kaeding, who is leaving the company at his own request to pursue a new challenge. Mr. Tegeder has many years of industry experience in the real estate sector and is a financial expert. Before joining DIC he held senior positions at listed real estate companies with responsibility for corporate finance and investor relations, among them B&O Group, Patrizia AG and DAX-listed Vonovia SE.
Reported Earnings • May 14First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: €70.4m (up 17% from 1Q 2022). Net income: €96.0k (down 99% from 1Q 2022). Profit margin: 0.1% (down from 16% in 1Q 2022). Revenue is expected to fall by 14% p.a. on average during the next 3 years compared to a 20% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
공고 • May 11DIC Asset AG Reaffirms Earnings Guidance for the Year 2023DIC Asset AG reaffirmed earnings guidance for the year 2023. The company forecast for its key earnings figures for the current financial year, which was issued in the context of the publication of the annual figures for 2022, remains unchanged.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €6.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 5x in the Real Estate industry in Germany. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.41 per share.
Upcoming Dividend • Mar 24Upcoming dividend of €0.75 per share at 8.5% yieldEligible shareholders must have bought the stock before 31 March 2023. Payment date: 02 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%).
공고 • Feb 18DIC Asset AG Proposes Dividend for the Year 2022DIC Asset AG's Supervisory Board con-curred with the Management Board's recommendation to propose to the General Shareholders' Meeting that a dividend of EUR 0.75 per share carrying dividend rights be distributed to the shareholders from the retained earnings of financial year 2022 and that the remaining amount be carried forward to new account.
Price Target Changed • Feb 16Price target decreased by 14% to €11.20Down from €13.02, the current price target is an average from 6 analysts. New target price is 29% above last closing price of €8.71. Stock is down 43% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.38 last year.
Reported Earnings • Feb 16Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: €0.38 (down from €0.71 in FY 2021). Revenue: €295.6m (up 24% from FY 2021). Net income: €31.0m (down 46% from FY 2021). Profit margin: 11% (down from 24% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Price Target Changed • Feb 05Price target decreased by 14% to €11.68Down from €13.58, the current price target is an average from 6 analysts. New target price is 29% above last closing price of €9.05. Stock is down 39% over the past year. The company is forecast to post earnings per share of €0.49 for next year compared to €0.71 last year.
Price Target Changed • Nov 30Price target decreased to €14.08Down from €15.50, the current price target is an average from 7 analysts. New target price is 88% above last closing price of €7.50. Stock is down 49% over the past year. The company is forecast to post earnings per share of €0.51 for next year compared to €0.71 last year.
Price Target Changed • Nov 16Price target decreased to €15.50Down from €19.46, the current price target is an average from 7 analysts. New target price is 98% above last closing price of €7.84. Stock is down 49% over the past year. The company is forecast to post earnings per share of €0.59 for next year compared to €0.71 last year.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.03 (vs €0.16 in 3Q 2021)Third quarter 2022 results: EPS: €0.03 (down from €0.16 in 3Q 2021). Revenue: €75.8m (up 24% from 3Q 2021). Net income: €2.53m (down 81% from 3Q 2021). Profit margin: 3.3% (down from 22% in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year.
Price Target Changed • Oct 29Price target decreased to €17.96Down from €19.46, the current price target is an average from 7 analysts. New target price is 144% above last closing price of €7.35. Stock is down 52% over the past year. The company is forecast to post earnings per share of €1.29 for next year compared to €0.71 last year.
공고 • Oct 25+ 2 more updatesDIC Asset AG to Report First Half, 2023 Results on Aug 03, 2023DIC Asset AG announced that they will report first half, 2023 results on Aug 03, 2023
Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: €0.18 (vs €0.19 in 2Q 2021)Second quarter 2022 results: EPS: €0.18 (down from €0.19 in 2Q 2021). Revenue: €73.2m (up 25% from 2Q 2021). Net income: €14.5m (down 5.7% from 2Q 2021). Profit margin: 20% (down from 26% in 2Q 2021). Over the next year, revenue is expected to shrink by 25% compared to a 45% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 13First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: €0.12 (down from €0.27 in 1Q 2021). Revenue: €60.0m (up 9.3% from 1Q 2021). Net income: €9.39m (down 57% from 1Q 2021). Profit margin: 16% (down from 40% in 1Q 2021). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 23% compared to a 41% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 05Price target increased to €21.45Up from €19.92, the current price target is an average from 5 analysts. New target price is 48% above last closing price of €14.54. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of €0.94 for next year compared to €0.71 last year.
Upcoming Dividend • Mar 18Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 25 March 2022. Payment date: 02 May 2022. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 4.9%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (3.2%).
Reported Earnings • Feb 10Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.71 (down from €0.88 in FY 2020). Revenue: €232.8m (up 8.8% from FY 2020). Net income: €57.8m (down 18% from FY 2020). Profit margin: 25% (down from 33% in FY 2020). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 55% compared to a 24% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 14Third quarter 2021 earnings released: EPS €0.16 (vs €0.12 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €61.2m (up 21% from 3Q 2020). Net income: €13.4m (up 36% from 3Q 2020). Profit margin: 22% (up from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS €0.19 (vs €0.15 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €58.6m (up 4.2% from 2Q 2020). Net income: €15.3m (up 24% from 2Q 2020). Profit margin: 26% (up from 22% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 08First quarter 2021 earnings released: EPS €0.27 (vs €0.21 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €52.4m (down 3.5% from 1Q 2020). Net income: €22.1m (up 38% from 1Q 2020). Profit margin: 42% (up from 30% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Mar 18Upcoming Dividend of €0.70 Per ShareWill be paid on the 22nd of April to those who are registered shareholders by the 25th of March. The trailing yield of 4.4% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (3.0%).
Is New 90 Day High Low • Mar 13New 90-day high: €15.80The company is up 28% from its price of €12.30 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.25 per share.
Reported Earnings • Feb 12Full year 2020 earnings released: EPS €0.88 (vs €1.13 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €213.9m (up 4.9% from FY 2019). Net income: €70.0m (down 14% from FY 2019). Profit margin: 33% (down from 40% in FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the next year, revenue is expected to shrink by 52% compared to a 32% decline forecast for the Real Estate industry in Germany.
Price Target Changed • Feb 03Price target raised to €17.71Up from €16.38, the current price target is an average from 5 analysts. The new target price is 23% above the current share price of €14.46. As of last close, the stock is down 11% over the past year.
Is New 90 Day High Low • Feb 03New 90-day high: €14.46The company is up 37% from its price of €10.52 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.38 per share.
Is New 90 Day High Low • Jan 14New 90-day high: €14.14The company is up 41% from its price of €10.00 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.75 per share.
Is New 90 Day High Low • Dec 30New 90-day high: €13.70The company is up 34% from its price of €10.24 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.39 per share.
Is New 90 Day High Low • Dec 07New 90-day high: €13.56The company is up 22% from its price of €11.10 on 08 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 Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.50 per share.
Is New 90 Day High Low • Nov 11New 90-day high: €11.54The company is up 3.0% from its price of €11.16 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.43 per share.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of €79.1m, up 46% from the prior year. Total revenue was €227.2m over the last 12 months, up 18% from the prior year.
Is New 90 Day High Low • Oct 16New 90-day low: €10.00The company is down 8.0% from its price of €10.92 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.27 per share.
Is New 90 Day High Low • Sep 26New 90-day low: €10.06The company is down 14% from its price of €11.70 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.32 per share.