Allreal Holding
Market Cap
CHF3.0b
Last Updated
2021/02/25 18:05 UTC
Data Sources
Company Financials +
Executive Summary
Allreal Holding AG operates as a real estate company in Switzerland. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 5.3% per year for the next 3 years
Snowflake Analysis
Established dividend payer with imperfect balance sheet.
Share Price & News
How has Allreal Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ALLN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: ALLN's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-2.3%
ALLN
-0.3%
CH Real Estate
-0.5%
CH Market
1 Year Return
-10.1%
ALLN
-16.8%
CH Real Estate
4.8%
CH Market
Return vs Industry: ALLN exceeded the Swiss Real Estate industry which returned -17.4% over the past year.
Return vs Market: ALLN underperformed the Swiss Market which returned 2.3% over the past year.
Shareholder returns
| ALLN | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -0.3% | -0.5% |
| 30 Day | -3.1% | -0.3% | -2.0% |
| 90 Day | -0.9% | 2.9% | 2.3% |
| 1 Year | -6.7%-10.1% | -13.9%-16.8% | 8.4%4.8% |
| 3 Year | 35.9%21.0% | 26.0%13.1% | 28.1%12.5% |
| 5 Year | 72.1%42.0% | 48.3%23.6% | 52.0%28.6% |
Long-Term Price Volatility Vs. Market
How volatile is Allreal Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Allreal Holding (VTX:ALLN) Is Growing Earnings But Are They A Good Guide?1 month ago | Simply Wall St
With EPS Growth And More, Allreal Holding (VTX:ALLN) Is Interesting1 month ago | Simply Wall St
Is Allreal Holding AG (VTX:ALLN) An Attractive Dividend Stock?Valuation
Is Allreal Holding undervalued compared to its fair value and its price relative to the market?
18.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ALLN (CHF189.6) is trading above our estimate of fair value (CHF86.53)
Significantly Below Fair Value: ALLN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ALLN is poor value based on its PE Ratio (18x) compared to the CH Real Estate industry average (16.5x).
PE vs Market: ALLN is good value based on its PE Ratio (18x) compared to the Swiss market (25x).
Price to Earnings Growth Ratio
PEG Ratio: ALLN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ALLN's PB Ratio (1.2x) is in line with the CH Real Estate industry average.
Next Steps
Future Growth
How is Allreal Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-5.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALLN's earnings are forecast to decline over the next 3 years (-5.3% per year).
Earnings vs Market: ALLN's earnings are forecast to decline over the next 3 years (-5.3% per year).
High Growth Earnings: ALLN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ALLN's revenue is expected to decline over the next 3 years (-32.3% per year).
High Growth Revenue: ALLN's revenue is forecast to decline over the next 3 years (-32.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALLN's Return on Equity is forecast to be low in 3 years time (5.2%).
Next Steps
Past Performance
How has Allreal Holding performed over the past 5 years?
10.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALLN has a large one-off gain of CHF55.2M impacting its December 31 2020 financial results.
Growing Profit Margin: ALLN's current net profit margins (32.4%) are lower than last year (44.1%).
Past Earnings Growth Analysis
Earnings Trend: ALLN's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: ALLN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ALLN had negative earnings growth (-28.8%) over the past year, making it difficult to compare to the Real Estate industry average (-4.5%).
Return on Equity
High ROE: ALLN's Return on Equity (6.9%) is considered low.
Next Steps
Financial Health
How is Allreal Holding's financial position?
Financial Position Analysis
Short Term Liabilities: ALLN's short term assets (CHF329.1M) do not cover its short term liabilities (CHF691.0M).
Long Term Liabilities: ALLN's short term assets (CHF329.1M) do not cover its long term liabilities (CHF1.9B).
Debt to Equity History and Analysis
Debt Level: ALLN's debt to equity ratio (88.7%) is considered high.
Reducing Debt: ALLN's debt to equity ratio has reduced from 92.6% to 88.7% over the past 5 years.
Debt Coverage: ALLN's debt is not well covered by operating cash flow (2.9%).
Interest Coverage: ALLN's interest payments on its debt are well covered by EBIT (9.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Allreal Holding current dividend yield, its reliability and sustainability?
3.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALLN's dividend (3.56%) is higher than the bottom 25% of dividend payers in the Swiss market (1.51%).
High Dividend: ALLN's dividend (3.56%) is low compared to the top 25% of dividend payers in the Swiss market (3.65%).
Stability and Growth of Payments
Stable Dividend: ALLN's dividends per share have been stable in the past 10 years.
Growing Dividend: ALLN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.2%), ALLN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALLN's dividends in 3 years are forecast to be covered by earnings (81.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Roger Herzog (48 yo)
5.75yrs
Tenure
CHF1,200,000
Compensation
Mr. Roger Herzog has been Chief Executive Officer of Allreal Holding AG since 2015 and has been its Member of Group Management. Mr. Herzog served as Chief Financial Officer of Allreal Holding AG since Sept...
CEO Compensation Analysis
Compensation vs Market: Roger's total compensation ($USD1.33M) is about average for companies of similar size in the Swiss market ($USD1.82M).
Compensation vs Earnings: Roger's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 5.75yrs | CHF1.20m | 0.017% CHF 524.0k | |
| Chief Financial Officer | 3.83yrs | no data | 0.0018% CHF 53.6k | |
| Chief of Communications Officer | no data | no data | no data | |
| Head of Real Estate | 8.08yrs | no data | 0.0076% CHF 232.1k | |
| Head of Development | 3.08yrs | no data | 0.00061% CHF 18.6k | |
| Head of Realisation | 1.08yrs | no data | no data |
3.8yrs
Average Tenure
48yo
Average Age
Experienced Management: ALLN's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 7.83yrs | CHF80.00k | 0.0063% CHF 191.6k | |
| Chairman | 1.83yrs | CHF150.00k | 0.0063% CHF 191.6k | |
| Director | 1.83yrs | CHF80.00k | 0.0044% CHF 134.0k | |
| Director | 4.83yrs | CHF80.00k | 0.0063% CHF 191.6k | |
| Director | 7.83yrs | CHF80.00k | 1.64% CHF 50.0m | |
| Vice Chairwoman | 1.67yrs | CHF80.00k | no data | |
| Director | 1.17yrs | CHF80.00k | no data |
1.8yrs
Average Tenure
61yo
Average Age
Experienced Board: ALLN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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
Allreal Holding AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Allreal Holding AG
- Ticker: ALLN
- Exchange: SWX
- Founded: 1999
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: CHF3.046b
- Shares outstanding: 15.90m
- Website: https://www.allreal.ch
Number of Employees
Location
- Allreal Holding AG
- Grabenstrasse 25
- Baar
- Zug
- 6340
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALLN | SWX (SIX Swiss Exchange) | Yes | Registered Shares | CH | CHF | Mar 2000 |
| 0QPD | LSE (London Stock Exchange) | Yes | Registered Shares | GB | CHF | Mar 2000 |
| AZ4N | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Mar 2000 |
Biography
Allreal Holding AG operates as a real estate company in Switzerland. It operates through two divisions, Real Estate and Projects & Development. The Real Estate division invests in residential and commercia...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/25 18:05 |
| End of Day Share Price | 2021/02/25 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.