SWX:BWO

Stock Analysis Report

Executive Summary

BUWOG AG invests in and develops residential properties in Austria and Germany.

Snowflake

Fundamentals

Good value with limited growth.

Risks

  • BUWOG is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has BUWOG's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

SWX:BWO

2.3%

CH Real Estate

2.2%

CH Market


1 Year Return

22.5%

SWX:BWO

15.5%

CH Real Estate

3.3%

CH Market

BWO outperformed the Real Estate industry which returned -1% over the past year.

BWO outperformed the Market in Switzerland which returned -3.5% over the past year.


Share holder returns

BWOIndustryMarket
7 Day0%2.3%2.2%
30 Day1.2%6.5%-0.4%
90 Day3.5%12.8%2.5%
1 Year25.4%22.5%20.2%15.5%8.7%3.3%
3 Year82.0%67.4%33.9%19.5%30.4%13.9%
5 Yearn/a74.9%43.8%32.9%12.3%

Price Volatility Vs. Market

How volatile is BUWOG's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BUWOG undervalued based on future cash flows and its price relative to the stock market?

49%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

BUWOG's share price is below the future cash flow value, and at a moderate discount (> 20%).

BUWOG's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

BUWOG is good value based on earnings compared to the CH Real Estate industry average.

BUWOG is good value based on earnings compared to the Switzerland market.


Price Based on Expected Growth

BUWOG is poor value based on expected growth next year.


Price Based on Value of Assets

BUWOG is overvalued based on assets compared to the CH Real Estate industry average.


Next Steps

Future Growth

How is BUWOG expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

BUWOG's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

BUWOG's earnings are expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).

BUWOG's revenues are expected to decrease over the next 1-3 years, this is below the Switzerland market average.

BUWOG's earnings growth is expected to exceed the Switzerland market average.

BUWOG's earnings growth is expected to exceed the low risk savings rate of 3.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if BUWOG will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has BUWOG performed over the past 5 years?

47.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

BUWOG has delivered over 20% year on year earnings growth in the past 5 years.

BUWOG's 1-year earnings growth is negative, it can't be compared to the 5-year average.

BUWOG's 1-year earnings growth is negative, it can't be compared to the CH Real Estate industry average.


Return on Equity

BUWOG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

BUWOG used its assets more efficiently than the CH Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

BUWOG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is BUWOG's financial position?


Financial Position Analysis

BUWOG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

BUWOG's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

BUWOG's level of debt (63.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (75.7% vs 63.6% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.4x debt.


Next Steps

Dividend

What is BUWOG's current dividend yield, its reliability and sustainability?

3.01%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate BUWOG's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate BUWOG's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as BUWOG has not reported any payouts.

Unable to verify if BUWOG's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as BUWOG has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of BUWOG's salary, the management and board of directors tenure and is there insider trading?

0.5yrs

Average board tenure


CEO

Daniel Riedl (49yo)

5.0yrs

Tenure

€1,103,500

Compensation

Mr. Daniel Joachim Riedl, FRICS, serve as Member of Management Board of Vonovia SE since May 10, 2018 and serves as its CDO. He was appointed as the Chief Executive Officer at BUWOG AG in November 2013 and ...


CEO Compensation Analysis

Daniel's remuneration is lower than average for companies of similar size in Switzerland.

Daniel's compensation has been consistent with company performance over the past year.


Board Age and Tenure

0.5yrs

Average Tenure

48yo

Average Age

The average tenure for the BUWOG board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Daniel Riedl (49yo)

    Chairman of Executive Board

    • Tenure: 5.0yrs
    • Compensation: €1.10m
  • Herr Lueth

    Managing director of Corporate Finance & Investor Relations

    • Tenure: 0.0yrs
  • Herwig Teufelsdorfer (49yo)

    COO & Member of Executive Board

    • Tenure: 3.3yrs
    • Compensation: €617.50k
  • Paul Kozubek

    Head of Legal & Deputy Compliance Officer

    • Tenure: 0.0yrs
  • Thorsten Gleitz

    Head of Property Management - Germany

    • Tenure: 0.0yrs
  • Andreas Holler

    Head of Property Development - Austria

    • Tenure: 0.0yrs
  • Alexander Happ

    Head of Property Development - Germany

    • Tenure: 0.0yrs
  • Ingrid Fitzek-Unterberger

    Head of Marketing & Communications

    • Tenure: 0.0yrs
  • Martina Wimmer

    Head of Human Resources & Organisation

    • Tenure: 0.0yrs
  • Sven Frieske

    Head of Accounting & Tax

    • Tenure: 0.0yrs

Board Members

  • Artur Kirsten (57yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 0.5yrs
  • Rolf Buch (53yo)

    Chairman of the Supervisory Board

    • Tenure: 0.5yrs
  • Helene von Roeder (48yo)

    Member of the Supervisory Board

    • Tenure: 0.5yrs
  • Klaus Hübner (66yo)

    Member of the Supervisory Board

    • Tenure: 4.7yrs
    • Compensation: €59.50k
  • Markus Sperber (33yo)

    Member of the Supervisory Board

    • Tenure: 4.4yrs
  • Raphael Lygnos (38yo)

    Member of the Supervisory Board

    • Tenure: 4.4yrs
  • Carina Eibl (29yo)

    Member of the Supervisory Board

    • Tenure: 1.9yrs
  • Fabian Heß (44yo)

    Member of the Supervisory Board

    • Tenure: 0.5yrs
  • Sabine Gleiß (52yo)

    Member of the Supervisory Board

    • Tenure: 0.5yrs

Company Information

BUWOG AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BUWOG AG
  • Ticker: BWO
  • Exchange: SWX
  • Founded: 1951
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: €3.793b
  • Listing Market Cap: €4.278b
  • Shares outstanding: 124.18m
  • Website: https://www.buwog.com

Number of Employees


Location

  • BUWOG AG
  • Hietzinger Kai 131
  • Vienna
  • Vienna
  • 1130
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BWOWBAG (Wiener Boerse AG)YesBearer SharesATEURApr 2014
BWOWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNApr 2014
BWOXTRA (XETRA Trading Platform)YesBearer SharesDEEURApr 2014
0QTPLSE (London Stock Exchange)YesBearer SharesGBEURApr 2014
BWOSWX (SIX Swiss Exchange)YesBearer SharesCHCHFApr 2014

Biography

BUWOG AG invests in and develops residential properties in Austria and Germany. It engages in portfolio management and administration activities; sale of individual apartments and individual properties, as ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/11/29 19:41
End of Day Share Price2018/11/21 00:00
Earnings2018/07/31
Annual Earnings2018/04/30


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.