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CAI

CA Immobilien Anlagen WBAG:CAI Stock Report

Last Price

€31.80

Market Cap

€3.2b

7D

1.8%

1Y

-14.9%

Updated

11 Aug, 2022

Data

Company Financials +
CAI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends5/6

CAI Stock Overview

CA Immo is a real estate company with its headquarters in Vienna and branch offices in seven countries of Central Europe.

CA Immobilien Anlagen Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CA Immobilien Anlagen
Historical stock prices
Current Share Price€31.80
52 Week High€39.55
52 Week Low€26.20
Beta0.64
1 Month Change3.25%
3 Month Change13.98%
1 Year Change-14.86%
3 Year Change0.95%
5 Year Change40.09%
Change since IPO185.17%

Recent News & Updates

Shareholder Returns

CAIAT Real EstateAT Market
7D1.8%1.2%1.2%
1Y-14.9%-14.6%-6.2%

Return vs Industry: CAI matched the Austrian Real Estate industry which returned -15.2% over the past year.

Return vs Market: CAI underperformed the Austrian Market which returned -6.7% over the past year.

Price Volatility

Is CAI's price volatile compared to industry and market?
CAI volatility
CAI Average Weekly Movement2.5%
Real Estate Industry Average Movement4.8%
Market Average Movement4.9%
10% most volatile stocks in AT Market7.2%
10% least volatile stocks in AT Market2.9%

Stable Share Price: CAI is less volatile than 75% of Austrian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CAI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987418Silvia Schmitten-Walgenbachhttps://www.caimmo.com

CA Immo is a real estate company with its headquarters in Vienna and branch offices in seven countries of Central Europe. Its core business involves leasing, managing and developing high-quality office buildings. The company covers the entire value chain in the field of commercial real estate, based on a high degree of in-house construction expertise.

CA Immobilien Anlagen Fundamentals Summary

How do CA Immobilien Anlagen's earnings and revenue compare to its market cap?
CAI fundamental statistics
Market Cap€3.20b
Earnings (TTM)€575.29m
Revenue (TTM)€320.42m

5.6x

P/E Ratio

10.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAI income statement (TTM)
Revenue€320.42m
Cost of Revenue€87.60m
Gross Profit€232.83m
Other Expenses-€342.46m
Earnings€575.29m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 24, 2022

Earnings per share (EPS)5.71
Gross Margin72.66%
Net Profit Margin179.54%
Debt/Equity Ratio81.6%

How did CAI perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

17%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CAI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CAI?

Other financial metrics that can be useful for relative valuation.

CAI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue17x
Enterprise Value/EBITDA30.8x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does CAI's PE Ratio compare to its peers?

CAI PE Ratio vs Peers
The above table shows the PE ratio for CAI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.9x
IIA IMMOFINANZ
7.2x-25.4%€2.1b
SPI S IMMO
6.5x-9.1%€1.6b
ATH Athos Immobilien
25.2xn/a€90.7m
STM Stadlauer Malzfabrik
28.6xn/a€36.4m
CAI CA Immobilien Anlagen
5.6x-20.5%€3.2b

Price-To-Earnings vs Peers: CAI is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (16.9x).


Price to Earnings Ratio vs Industry

How does CAI's PE Ratio compare vs other companies in the European Real Estate Industry?

Price-To-Earnings vs Industry: CAI is good value based on its Price-To-Earnings Ratio (5.6x) compared to the Austrian Real Estate industry average (9.2x)


Price to Earnings Ratio vs Fair Ratio

What is CAI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CAI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.6x
Fair PE Ratio7.4x

Price-To-Earnings vs Fair Ratio: CAI is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.4x).


Share Price vs Fair Value

What is the Fair Price of CAI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CAI (€31.8) is trading above our estimate of fair value (€18.64)

Significantly Below Fair Value: CAI is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is CA Immobilien Anlagen forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-20.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAI's earnings are forecast to decline over the next 3 years (-20.5% per year).

Earnings vs Market: CAI's earnings are forecast to decline over the next 3 years (-20.5% per year).

High Growth Earnings: CAI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CAI's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: CAI's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAI's Return on Equity is forecast to be low in 3 years time (6.3%).


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Past Performance

How has CA Immobilien Anlagen performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CAI has a large one-off gain of €625.1M impacting its March 31 2022 financial results.

Growing Profit Margin: CAI's current net profit margins are higher than last year (74.8%).


Past Earnings Growth Analysis

Earnings Trend: CAI's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: CAI's earnings growth over the past year (119.6%) exceeds its 5-year average (16.1% per year).

Earnings vs Industry: CAI earnings growth over the past year (119.6%) exceeded the Real Estate industry 73.3%.


Return on Equity

High ROE: CAI's Return on Equity (16.7%) is considered low.


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Financial Health

How is CA Immobilien Anlagen's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CAI's short term assets (€771.3M) do not cover its short term liabilities (€887.3M).

Long Term Liabilities: CAI's short term assets (€771.3M) do not cover its long term liabilities (€2.9B).


Debt to Equity History and Analysis

Debt Level: CAI's net debt to equity ratio (65.1%) is considered high.

Reducing Debt: CAI's debt to equity ratio has increased from 74.6% to 81.6% over the past 5 years.

Debt Coverage: CAI's debt is not well covered by operating cash flow (5.3%).

Interest Coverage: CAI's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


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Dividend

What is CA Immobilien Anlagen current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CAI's dividend (3.14%) is higher than the bottom 25% of dividend payers in the Austrian market (1.97%).

High Dividend: CAI's dividend (3.14%) is low compared to the top 25% of dividend payers in the Austrian market (5.17%).


Stability and Growth of Payments

Stable Dividend: CAI's dividends per share have been stable in the past 10 years.

Growing Dividend: CAI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (17.4%), CAI's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (69%), CAI's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Silvia Schmitten-Walgenbach (50 yo)

0.58

Tenure

Ms. Silvia Schmitten-Walgenbach serves as Chief Executive Officer and Chairman of Management Board at CA Immobilien Anlagen AG since January 1, 2022. Ms. Schmitten-Walgenbach joined Barclays Bank Ireland P...


Leadership Team

Experienced Management: CAI's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: CAI's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CA Immobilien Anlagen AG's employee growth, exchange listings and data sources


Key Information

  • Name: CA Immobilien Anlagen AG
  • Ticker: CAI
  • Exchange: WBAG
  • Founded: 1987
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: €3.203b
  • Shares outstanding: 100.72m
  • Website: https://www.caimmo.com

Number of Employees


Location

  • CA Immobilien Anlagen AG
  • Mechelgasse 1
  • Vienna
  • Vienna
  • 1030
  • Austria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.