View ValuationNoratis 향후 성장Future 기준 점검 4/6Noratis은 연간 수입과 매출이 각각 58.3%와 9.4% 증가할 것으로 예상되고 EPS는 연간 60.8%만큼 증가할 것으로 예상됩니다.핵심 정보58.3%이익 성장률60.81%EPS 성장률Real Estate 이익 성장1.6%매출 성장률9.4%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트14 Nov 2025최근 향후 성장 업데이트Price Target Changed • May 20Price target decreased by 83% to €1.10Down from €6.30, the current price target is provided by 1 analyst. New target price is 1,000% above last closing price of €0.10. Stock is down 86% over the past year. The company is forecast to post a net loss per share of €2.15 next year compared to a net loss per share of €3.74 last year.Price Target Changed • Jun 19Price target decreased by 41% to €6.40Down from €10.80, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €5.05. Stock is down 46% over the past year. The company is forecast to post a net loss per share of €1.68 next year compared to a net loss per share of €2.21 last year.Price Target Changed • Nov 16Price target decreased to €24.65Down from €27.60, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €11.80. Stock is down 43% over the past year. The company is forecast to post earnings per share of €2.32 for next year compared to €1.97 last year.Price Target Changed • Jun 08Price target decreased to €27.60Down from €30.43, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €19.40. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of €2.13 for next year compared to €1.97 last year.모든 업데이트 보기Recent updatesPrice Target Changed • May 20Price target decreased by 83% to €1.10Down from €6.30, the current price target is provided by 1 analyst. New target price is 1,000% above last closing price of €0.10. Stock is down 86% over the past year. The company is forecast to post a net loss per share of €2.15 next year compared to a net loss per share of €3.74 last year.New Risk • Oct 14New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 79% This is considered a major 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 (0.4x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€17.3m market cap, or US$18.9m).New Risk • Oct 03New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (€13.6m market cap, or US$15.0m).New Risk • Aug 25New 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 11% 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 (0.8x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (€14.3m market cap, or US$16.0m).Price Target Changed • Jun 19Price target decreased by 41% to €6.40Down from €10.80, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €5.05. Stock is down 46% over the past year. The company is forecast to post a net loss per share of €1.68 next year compared to a net loss per share of €2.21 last year.공시 • May 31Noratis AG, Annual General Meeting, Jul 09, 2024Noratis AG, Annual General Meeting, Jul 09, 2024, at 10:00 W. Europe Standard Time.Reported Earnings • May 29Full year 2023 earnings: Revenues exceed analyst expectationsFull year 2023 results: Revenue: €60.8m (down 29% from FY 2022). Net loss: €10.9m (down 233% from profit in FY 2022). Revenue exceeded analyst estimates by 9.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Real Estate industry in Germany.New Risk • Apr 16New minor risk - Financial data availabilityThe 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 Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (€36.7m market cap, or US$39.0m).New Risk • Feb 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 49% 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 (0.7x net interest cover). Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risks Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (€46.4m market cap, or US$50.1m).New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% 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 Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (€30.1m market cap, or US$31.7m).공시 • Jul 22Noratis AG Announces Board ChangesNoratis AG at the Annual General Meeting all items on the agenda were approved by a large majority. Among other things, Hans-Jörg Bergler was elected to the Supervisory Board. He replaces Dr. Florian Stetter.New Risk • Jul 09New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€44.3m market cap, or US$48.6m).Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €10.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Real Estate industry in Germany. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.61 per share.Price Target Changed • Nov 16Price target decreased to €24.65Down from €27.60, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €11.80. Stock is down 43% over the past year. The company is forecast to post earnings per share of €2.32 for next year compared to €1.97 last year.Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0 (vs €1.52 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €68.4m (up 14% from 1H 2021). Net income: €7.93m (up 8.7% from 1H 2021). Profit margin: 12% (in line with 1H 2021). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €15.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.93 per share.Upcoming Dividend • Jun 17Upcoming dividend of €0.55 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.6%).Price Target Changed • Jun 08Price target decreased to €27.60Down from €30.43, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €19.40. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of €2.13 for next year compared to €1.97 last year.Reported Earnings • May 15Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €74.0m (up 158% from FY 2020). Net income: €9.47m (up 240% from FY 2020). Profit margin: 13% (up from 9.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 14% compared to a 42% decline forecast for the industry in Germany.Reported Earnings • Oct 04First half 2021 earnings released: EPS €1.52 (vs €0.49 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: €59.8m (up 326% from 1H 2020). Net income: €7.30m (up 306% from 1H 2020). Profit margin: 12% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 28% 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.Upcoming Dividend • Jun 10Upcoming dividend of €0.50 per shareEligible shareholders must have bought the stock before 17 June 2021. Payment date: 21 June 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%).Reported Earnings • May 13Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €29.5m (down 61% from FY 2019). Net income: €2.78m (down 68% from FY 2019). Profit margin: 9.4% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue.Is New 90 Day High Low • Feb 14New 90-day high: €19.65The company is up 9.0% from its price of €18.00 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.78 per share.Is New 90 Day High Low • Jan 21New 90-day high: €18.70The company is up 11% from its price of €16.80 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed 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 €11.91 per share.Is New 90 Day High Low • Dec 19New 90-day high: €18.60The company is up 2.0% from its price of €18.25 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.44 per share.Is New 90 Day High Low • Oct 15New 90-day low: €16.85The company is down 16% from its price of €20.00 on 17 July 2020. The German market is up 2.0% 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 €8.91 per share.Is New 90 Day High Low • Sep 29New 90-day low: €17.45The company is down 15% from its price of €20.50 on 01 July 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 €9.17 per share.이익 및 매출 성장 예측DB:NUVA - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202878645112/31/202771334112/31/202662001112/31/202538-19131316/30/202568-213737N/A3/31/202567-243636N/A12/31/202467-283535N/A9/30/202457-282525N/A6/30/202447-271515N/A3/31/202454-191919N/A12/31/202360-112323N/A9/30/202356-7-3-3N/A6/30/202351-3-30-30N/A3/31/2023683-32-31N/A12/31/2022868-33-33N/A9/30/2022849-38-38N/A6/30/20228210-43-43N/A3/31/20227810-57-56N/A12/31/2021749-70-70N/A9/30/2021749-79-79N/A6/30/2021748-88-87N/A3/31/2021526-91-91N/A12/31/2020293-94-94N/A9/30/2020354-87-87N/A6/30/2020425-79-79N/A3/31/2020597-49-49N/A12/31/2019768-18-18N/A9/30/20197910-27-26N/A6/30/20198312-35-35N/A3/31/20197010N/A-60N/A12/31/2018569N/A-86N/A9/30/2018569N/A-40N/A6/30/2018568N/A5N/A3/31/2018495N/A-5N/A12/31/2017689N/A13N/A9/30/2017648N/A9N/A6/30/2017607N/A5N/A3/31/2017629N/A20N/A12/31/2016454N/A19N/A12/31/2015241N/A-42N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: NUVA 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: NUVA (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: NUVA 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: NUVA 의 수익(연간 9.4%)이 German 시장(연간 6.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: NUVA 의 수익(연간 9.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: NUVA의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate-management-and-development 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/05 09:51종가2026/06/05 00:00수익2025/06/30연간 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Noratis AG는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Adam JakubowskiSMC ResearchUlf van LengerichSolventis Wertpapierhandelsbank GmbHPhilipp KaiserWarburg Research GmbH
Price Target Changed • May 20Price target decreased by 83% to €1.10Down from €6.30, the current price target is provided by 1 analyst. New target price is 1,000% above last closing price of €0.10. Stock is down 86% over the past year. The company is forecast to post a net loss per share of €2.15 next year compared to a net loss per share of €3.74 last year.
Price Target Changed • Jun 19Price target decreased by 41% to €6.40Down from €10.80, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €5.05. Stock is down 46% over the past year. The company is forecast to post a net loss per share of €1.68 next year compared to a net loss per share of €2.21 last year.
Price Target Changed • Nov 16Price target decreased to €24.65Down from €27.60, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €11.80. Stock is down 43% over the past year. The company is forecast to post earnings per share of €2.32 for next year compared to €1.97 last year.
Price Target Changed • Jun 08Price target decreased to €27.60Down from €30.43, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €19.40. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of €2.13 for next year compared to €1.97 last year.
Price Target Changed • May 20Price target decreased by 83% to €1.10Down from €6.30, the current price target is provided by 1 analyst. New target price is 1,000% above last closing price of €0.10. Stock is down 86% over the past year. The company is forecast to post a net loss per share of €2.15 next year compared to a net loss per share of €3.74 last year.
New Risk • Oct 14New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 79% This is considered a major 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 (0.4x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€17.3m market cap, or US$18.9m).
New Risk • Oct 03New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (€13.6m market cap, or US$15.0m).
New Risk • Aug 25New 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 11% 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 (0.8x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (€14.3m market cap, or US$16.0m).
Price Target Changed • Jun 19Price target decreased by 41% to €6.40Down from €10.80, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €5.05. Stock is down 46% over the past year. The company is forecast to post a net loss per share of €1.68 next year compared to a net loss per share of €2.21 last year.
공시 • May 31Noratis AG, Annual General Meeting, Jul 09, 2024Noratis AG, Annual General Meeting, Jul 09, 2024, at 10:00 W. Europe Standard Time.
Reported Earnings • May 29Full year 2023 earnings: Revenues exceed analyst expectationsFull year 2023 results: Revenue: €60.8m (down 29% from FY 2022). Net loss: €10.9m (down 233% from profit in FY 2022). Revenue exceeded analyst estimates by 9.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Real Estate industry in Germany.
New Risk • Apr 16New minor risk - Financial data availabilityThe 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 Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (€36.7m market cap, or US$39.0m).
New Risk • Feb 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 49% 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 (0.7x net interest cover). Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risks Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (€46.4m market cap, or US$50.1m).
New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% 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 Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (€30.1m market cap, or US$31.7m).
공시 • Jul 22Noratis AG Announces Board ChangesNoratis AG at the Annual General Meeting all items on the agenda were approved by a large majority. Among other things, Hans-Jörg Bergler was elected to the Supervisory Board. He replaces Dr. Florian Stetter.
New Risk • Jul 09New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€44.3m market cap, or US$48.6m).
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €10.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Real Estate industry in Germany. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.61 per share.
Price Target Changed • Nov 16Price target decreased to €24.65Down from €27.60, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €11.80. Stock is down 43% over the past year. The company is forecast to post earnings per share of €2.32 for next year compared to €1.97 last year.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0 (vs €1.52 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €68.4m (up 14% from 1H 2021). Net income: €7.93m (up 8.7% from 1H 2021). Profit margin: 12% (in line with 1H 2021). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €15.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.93 per share.
Upcoming Dividend • Jun 17Upcoming dividend of €0.55 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.6%).
Price Target Changed • Jun 08Price target decreased to €27.60Down from €30.43, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €19.40. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of €2.13 for next year compared to €1.97 last year.
Reported Earnings • May 15Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €74.0m (up 158% from FY 2020). Net income: €9.47m (up 240% from FY 2020). Profit margin: 13% (up from 9.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 14% compared to a 42% decline forecast for the industry in Germany.
Reported Earnings • Oct 04First half 2021 earnings released: EPS €1.52 (vs €0.49 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: €59.8m (up 326% from 1H 2020). Net income: €7.30m (up 306% from 1H 2020). Profit margin: 12% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 28% 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.
Upcoming Dividend • Jun 10Upcoming dividend of €0.50 per shareEligible shareholders must have bought the stock before 17 June 2021. Payment date: 21 June 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%).
Reported Earnings • May 13Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €29.5m (down 61% from FY 2019). Net income: €2.78m (down 68% from FY 2019). Profit margin: 9.4% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue.
Is New 90 Day High Low • Feb 14New 90-day high: €19.65The company is up 9.0% from its price of €18.00 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.78 per share.
Is New 90 Day High Low • Jan 21New 90-day high: €18.70The company is up 11% from its price of €16.80 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed 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 €11.91 per share.
Is New 90 Day High Low • Dec 19New 90-day high: €18.60The company is up 2.0% from its price of €18.25 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.44 per share.
Is New 90 Day High Low • Oct 15New 90-day low: €16.85The company is down 16% from its price of €20.00 on 17 July 2020. The German market is up 2.0% 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 €8.91 per share.
Is New 90 Day High Low • Sep 29New 90-day low: €17.45The company is down 15% from its price of €20.50 on 01 July 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 €9.17 per share.