XTRA:CRZK

Stock Analysis Report

CR Capital Real Estate

Executive Summary

CR Capital Real Estate AG operates as a real estate company.

Snowflake

Fundamentals

Solid track record and good value.

Share Price & News

How has CR Capital Real Estate's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-8.5%

CRZK

1.8%

DE Real Estate

1.4%

DE Market


1 Year Return

84.3%

CRZK

2.6%

DE Real Estate

3.7%

DE Market

Return vs Industry: CRZK exceeded the German Real Estate industry which returned 2.6% over the past year.

Return vs Market: CRZK exceeded the German Market which returned 3.7% over the past year.


Shareholder returns

CRZKIndustryMarket
7 Day-8.5%1.8%1.4%
30 Day0.2%6.7%1.8%
90 Day22.3%4.3%3.4%
1 Year91.5%84.3%5.3%2.6%7.0%3.7%
3 Year338.4%321.9%43.3%32.2%18.5%8.3%
5 Year279.4%265.2%140.6%106.1%42.2%22.9%

Price Volatility Vs. Market

How volatile is CR Capital Real Estate's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CR Capital Real Estate undervalued compared to its fair value and its price relative to the market?

32.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: CRZK (€25.8) is trading below our estimate of fair value (€38.21)

Significantly Undervalued: CRZK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CRZK is good value based on its PE Ratio (12.4x) compared to the Real Estate industry average (13.2x).

PE vs Market: CRZK is good value based on its PE Ratio (12.4x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: CRZK is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: CRZK is overvalued based on its PB Ratio (2.7x) compared to the DE Real Estate industry average (1.4x).


Next Steps

Future Growth

How is CR Capital Real Estate forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

17.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRZK's forecast earnings growth (17% per year) is above the savings rate (0.2%).

Earnings vs Market: CRZK's earnings (17% per year) are forecast to grow faster than the German market (12.6% per year).

High Growth Earnings: CRZK's earnings are forecast to grow, but not significantly.

Revenue vs Market: CRZK's revenue (14.6% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: CRZK's revenue (14.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: CRZK's Return on Equity is forecast to be high in 3 years time (27.5%)


Next Steps

Past Performance

How has CR Capital Real Estate performed over the past 5 years?

27.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CRZK's earnings have grown significantly by 27.2% per year over the past 5 years.

Accelerating Growth: CRZK's earnings growth over the past year (35.5%) exceeds its 5-year average (27.2% per year).

Earnings vs Industry: CRZK earnings growth over the past year (35.5%) exceeded the Real Estate industry 2.5%.


Return on Equity

High ROE: CRZK's Return on Equity (23.6%) is considered high.


Return on Assets

ROA vs Industry: CRZK has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: CRZK has not improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is CR Capital Real Estate's financial position?


Financial Position Analysis

Short Term Liabilities: CRZK's short term assets (€7.9M) exceeds its short term liabilities (€1.0M)

Long Term Liabilities: CRZK's short term assets (7.9M) do not cover its long term liabilities (11.4M)


Debt to Equity History and Analysis

Debt Level: CRZK's debt to equity ratio (13.9%) is considered satisfactory

Reducing Debt: CRZK's debt to equity ratio has reduced from 36.3% to 13.9% over the past 5 years.

Debt Coverage: CRZK's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CRZK's interest payments on its debt are well covered by EBIT (55x coverage).


Balance Sheet

Inventory Level: CRZK has a low level of unsold assets or inventory.

Debt Coverage by Assets: CRZK's debt is covered by short term assets (assets are 1.461590x debt).


Next Steps

Dividend

What is CR Capital Real Estate's current dividend yield, its reliability and sustainability?

1.94%

Current Dividend Yield


Dividend Yield vs Market

company1.9%marketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Years7.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CRZK's dividend (1.94%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: CRZK's dividend (1.94%) is low compared to the top 25% of dividend payers in the German market (3.8%).

Stable Dividend: CRZK's dividend payments have been volatile in the past 10 years.

Growing Dividend: CRZK's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.1%), CRZK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRZK's dividends in 3 years are forecast to be covered by earnings (75% payout ratio).


Next Steps

Management

What is the CEO of CR Capital Real Estate's salary, the management and board of directors tenure and is there insider trading?

6.2yrs

Average board tenure


CEO

CR Capital Real Estate has no CEO, or we have no data on them.


Board Age and Tenure

6.2yrs

Average Tenure

Experienced Board: CRZK's board of directors are considered experienced (6.2 years average tenure).


Insider Trading

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


Management Team

  • Christiane Bohm (32yo)

    CFO & Member of the Management Board

    • Tenure: 1yrs
  • Thomas Zienterski

    COO & Member of Management Board

    • Tenure: 0yrs

Board Members

  • Stefan Krach (60yo)

    Chairman of the Supervisory Board

    • Tenure: 11.8yrs
  • Peter Peitz (61yo)

    Member of the Supervisory Board

    • Tenure: 6.2yrs
  • Uwe Zimdars

    Vice Chairman of the Supervisory Board

    • Tenure: 2.2yrs

Company Information

CR Capital Real Estate AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CR Capital Real Estate AG
  • Ticker: CRZK
  • Exchange: XTRA
  • Founded: 2008
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: €94.621m
  • Shares outstanding: 3.67m
  • Website: https://www.capital-real-estate-ag.de

Number of Employees


Location

  • CR Capital Real Estate AG
  • Fasanenstrasse 77
  • Berlin
  • Berlin
  • 10623
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRZKDB (Deutsche Boerse AG)SHSDEEURNo data
CRZKDB (Deutsche Boerse AG)YesBearer SharesDEEUROct 2008
CRZKXTRA (XETRA Trading Platform)YesBearer SharesDEEUROct 2008
CRZKBST (Boerse-Stuttgart)YesBearer SharesDEEUROct 2008

Biography

CR Capital Real Estate AG operates as a real estate company. It develops, constructs, and sells residential and commercial buildings in Berlin, Leipzig, and surrounding Berlin. The company was founded in 2 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 21:08
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.