Is TLG Immobilien (HMSE:TLG) A Risky Investment?
Apr 17
German (DAX) Real Estate Sector Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies61
- 7D-2.8%
- 3M-6.5%
- 1Y2.5%
- YTD-9.9%
Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by a pullback from Vonovia of 1.8%. In the past year, the industry has gained 4.5%. As for the next few years, earnings are expected to grow by 91% per annum.
Sector Valuation and Performance
Has the German Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | €64.2b | €17.8b | -€17,675,158,986.00 | 28.7x | -3.6x | 3.6x |
| Sat, 16 Mar 2024 | €63.6b | €18.1b | -€17,028,573,517.00 | 30.9x | -3.7x | 3.5x |
| Mon, 12 Feb 2024 | €66.6b | €18.2b | -€16,711,467,399.00 | 32.1x | -4x | 3.7x |
| Wed, 10 Jan 2024 | €75.4b | €19.0b | -€18,166,375,683.00 | 33.4x | -4.2x | 4x |
| Fri, 08 Dec 2023 | €74.8b | €19.5b | -€17,414,828,977.00 | 17.5x | -4.3x | 3.8x |
| Sun, 05 Nov 2023 | €72.5b | €19.7b | -€16,724,848,878.00 | 13.2x | -4.3x | 3.7x |
| Tue, 03 Oct 2023 | €70.6b | €19.8b | -€16,801,019,671.00 | 13.8x | -4.2x | 3.6x |
| Thu, 31 Aug 2023 | €69.8b | €20.2b | -€14,767,666,395.00 | 14.8x | -4.7x | 3.5x |
| Sat, 29 Jul 2023 | €70.6b | €21.1b | -€3,997,404,705.00 | 17.2x | -17.7x | 3.3x |
| Mon, 26 Jun 2023 | €65.5b | €21.1b | -€3,772,640,483.00 | 17.7x | -17.4x | 3.1x |
| Wed, 24 May 2023 | €66.2b | €21.6b | -€3,291,133,520.00 | 16.5x | -20.1x | 3.1x |
| Fri, 21 Apr 2023 | €63.0b | €25.4b | -€2,262,734,543.00 | 17.1x | -27.8x | 2.5x |
| Sun, 19 Mar 2023 | €14.3b | €1.3b | €1.0b | 13.1x | 13.8x | 11x |
| Tue, 14 Feb 2023 | €76.6b | €26.0b | €6.7b | 11.7x | 11.5x | 2.9x |
| Thu, 12 Jan 2023 | €77.6b | €25.9b | €6.6b | 11.2x | 11.7x | 3x |
| Sat, 10 Dec 2022 | €71.4b | €26.0b | €6.7b | 12.5x | 10.7x | 2.7x |
| Mon, 07 Nov 2022 | €70.8b | €26.0b | €6.8b | 11.8x | 10.5x | 2.7x |
| Wed, 05 Oct 2022 | €68.5b | €25.1b | €7.5b | 11x | 9.1x | 2.7x |
| Fri, 02 Sep 2022 | €76.1b | €24.9b | €7.3b | 12.4x | 10.5x | 3.1x |
| Sun, 31 Jul 2022 | €84.3b | €22.8b | €8.6b | 12x | 9.8x | 3.7x |
| Tue, 28 Jun 2022 | €83.7b | €22.8b | €8.5b | 12x | 9.8x | 3.7x |
| Thu, 26 May 2022 | €90.4b | €22.9b | €9.0b | 11.8x | 10x | 3.9x |
| Sat, 23 Apr 2022 | €100.5b | €18.6b | €10.9b | 14.2x | 9.2x | 5.4x |
| Mon, 21 Mar 2022 | €113.8b | €19.6b | €11.9b | 11.6x | 9.5x | 5.8x |
| Wed, 16 Feb 2022 | €116.6b | €18.6b | €14.3b | 14x | 8.2x | 6.3x |
| Fri, 14 Jan 2022 | €115.4b | €18.2b | €13.9b | 13.7x | 8.3x | 6.3x |
| Sun, 12 Dec 2021 | €110.6b | €18.2b | €13.9b | 14.6x | 7.9x | 6.1x |
| Tue, 09 Nov 2021 | €112.7b | €18.2b | €12.8b | 15x | 8.8x | 6.2x |
| Thu, 07 Oct 2021 | €113.5b | €18.2b | €11.8b | 14.4x | 9.6x | 6.2x |
| Sat, 04 Sep 2021 | €119.0b | €18.3b | €12.0b | 14x | 9.9x | 6.5x |
| Mon, 02 Aug 2021 | €120.2b | €18.3b | €12.0b | 13.6x | 10x | 6.6x |
| Thu, 06 May 2021 | €110.9b | €18.2b | €10.0b | 13.9x | 11.1x | 6.1x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are pessimistic on the German Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the German Real Estate sector?
| DE Market | -2.53% | |
| Real Estate | -2.85% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | -2.30% | |
| Office REITs | -2.53% | |
| Real Estate | -2.85% | |
| REITS | -4.21% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 146% over the next 5 years.
- In contrast, the Retail REITs industry is expected to see its earnings grow by 55% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TLG TLG Immobilien | €15.20 | 8.6% +€128.1m | -16.5% | PS9.3x | |
| DKG Deutsche Konsum REIT-AG | €3.00 | 3.4% +€3.5m | -61.1% | PB0.3x | |
| IC8 InCity Immobilien | €1.10 | 2.8% +€2.6m | -14.7% | PS12.7x | |
| FFM1 Franconofurt | €750.00 | 7.1% +€2.5m | -30.6% | PE27.3x | |
| LKB L-KONZEPT Holding | €5.00 | 31.6% +€2.4m | n/a | PE43.9x |
