XTRA:CRZK

Stock Analysis Report

CR Capital Real Estate

Executive Summary

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

Snowflake

Fundamentals

Outstanding track record and undervalued.

Risks

  • CR Capital Real Estate is covered by less than 3 analysts.

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

-5.3%

XTRA:CRZK

-2.1%

DE Real Estate

-0.7%

DE Market


1 Year Return

85.9%

XTRA:CRZK

-7.6%

DE Real Estate

-10.8%

DE Market

CRZK outperformed the Real Estate industry which returned -5% over the past year.

CRZK outperformed the Market in Germany which returned -10% over the past year.


Share holder returns

CRZKIndustryMarket
7 Day-5.3%-2.1%-0.7%
30 Day-6.2%-3.2%-3.9%
90 Day19.3%-12.0%-4.3%
1 Year93.2%85.9%-5.1%-7.6%-8.0%-10.8%
3 Year257.8%244.3%19.7%10.4%9.8%0.3%
5 Year230.5%218.1%119.9%88.4%24.0%6.8%

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 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

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

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


Price Based on Earnings

CR Capital Real Estate is good value based on earnings compared to the DE Real Estate industry average.

CR Capital Real Estate is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

CR Capital Real Estate is good value based on expected growth next year.


Price Based on Value of Assets

CR Capital Real Estate is overvalued based on assets compared to the DE Real Estate industry average.


Next Steps

Future Growth

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

14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

CR Capital Real Estate's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).

CR Capital Real Estate's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).

CR Capital Real Estate's revenue growth is expected to exceed the Germany market average.

CR Capital Real Estate's earnings growth is expected to exceed the Germany market average.

CR Capital Real Estate's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

CR Capital Real Estate is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

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

30.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

CR Capital Real Estate has delivered over 20% year on year earnings growth in the past 5 years.

CR Capital Real Estate's 1-year earnings growth exceeds its 5-year average (35.3% vs 30.4%)

CR Capital Real Estate's earnings growth has exceeded the DE Real Estate industry average in the past year (35.3% vs 7.7%).


Return on Equity

CR Capital Real Estate has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

CR Capital Real Estate used its assets more efficiently than the DE Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

CR Capital Real Estate has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is CR Capital Real Estate's financial position?


Financial Position Analysis

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

CR Capital Real Estate's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

CR Capital Real Estate's level of debt (5.5%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (49.1% vs 5.5% today).

Debt is well covered by operating cash flow (155.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 45.8x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.2x debt.


Next Steps

Dividend

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

8.79%

Expected Dividend Yield


Dividend Yield and Payments Analysis

CR Capital Real Estate's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.52%).

CR Capital Real Estate's dividend is below the markets top 25% of dividend payers in Germany (4.2%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

No dividend growth in 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


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?

6.0yrs

Average board tenure


CEO

Uwe Zimdars 0

2.0yrs

Tenure

0

Uwe Zimdars is employed with CR Capital Real Estate AG 


Board Age and Tenure

6.0yrs

Average Tenure

The tenure for the CR Capital Real Estate board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Management Team

  • Christiane Bohm (33yo)

    CFO & Member of the Management Board

    • Tenure: 0.8yrs
  • Uwe Zimdars

    Vice Chairman of the Supervisory Board

    • Tenure: 2.0yrs
  • Thomas Zienterski

    COO & Member of Management Board

    • Tenure: 0.0yrs

Board Members

  • Stefan Krach (60yo)

    Chairman of the Supervisory Board

    • Tenure: 11.6yrs
  • Peter Peitz (61yo)

    Member of the Supervisory Board

    • Tenure: 6.0yrs
  • Uwe Zimdars

    Vice Chairman of the Supervisory Board

    • Tenure: 2.0yrs

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: €72.616m
  • Shares outstanding: 1.83m
  • 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)SHSDEEURInvalid date
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 Analysis2019/08/20 21:10
End of Day Share Price2019/08/20 00:00
Earnings2018/12/31
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.