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CR Capital Real Estate

XTRA:CRZK
Snowflake Description

Outstanding track record and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRZK
XTRA
€71M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

CR Capital Real Estate AG operates as a real estate company. The last earnings update was 78 days ago. More info.


Add to Portfolio Compare Print
CRZK Share Price and Events
7 Day Returns
-9.8%
XTRA:CRZK
-1.2%
DE Real Estate
-1.5%
DE Market
1 Year Returns
83.9%
XTRA:CRZK
-5%
DE Real Estate
-10.4%
DE Market
CRZK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CR Capital Real Estate (CRZK) -9.8% -8.1% 17.6% 83.9% 242.2% 226.6%
DE Real Estate -1.2% -1% -9.7% -5% 14.1% 96.8%
DE Market -1.5% -4.3% -5.9% -10.4% 0% 8.1%
1 Year Return vs Industry and Market
  • CRZK outperformed the Real Estate industry which returned -5% over the past year.
  • CRZK outperformed the Market in Germany which returned -10.4% over the past year.
Price Volatility
CRZK
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for CR Capital Real Estate's competitors could be found in our database.

CRZK Value

 Is CR Capital Real Estate undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CR Capital Real Estate to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CR Capital Real Estate.

XTRA:CRZK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:CRZK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 30%) (2.73%))
1.037
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.037 * 5.96%)
6.41%

Discounted Cash Flow Calculation for XTRA:CRZK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CR Capital Real Estate is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

XTRA:CRZK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.41%)
2020 5.72 Analyst x2 5.38
2021 5.39 Analyst x1 4.76
2022 4.94 Analyst x1 4.10
2023 8.02 Analyst x1 6.26
2024 8.63 Est @ 7.58% 6.33
2025 9.09 Est @ 5.37% 6.26
2026 9.44 Est @ 3.83% 6.11
2027 9.70 Est @ 2.75% 5.90
2028 9.89 Est @ 1.99% 5.66
2029 10.04 Est @ 1.46% 5.39
Present value of next 10 years cash flows €56.15
XTRA:CRZK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €10.04 × (1 + 0.23%) ÷ (6.41% – 0.23%)
€162.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €162.83 ÷ (1 + 6.41%)10
€87.51
XTRA:CRZK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €56.15 + €87.51
€143.66
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €143.66 / 1.83
€78.34
XTRA:CRZK Discount to Share Price
Calculation Result
Value per share (EUR) From above. €78.34
Current discount Discount to share price of €38.80
= -1 x (€38.80 - €78.34) / €78.34
50.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CR Capital Real Estate is available for.
Intrinsic value
>50%
Share price is €38.8 vs Future cash flow value of €78.34
Current Discount Checks
For CR Capital Real Estate to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CR Capital Real Estate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CR Capital Real Estate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:CRZK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.15
XTRA:CRZK Share Price ** XTRA (2019-08-16) in EUR €38.8
Germany Real Estate Industry PE Ratio Median Figure of 34 Publicly-Listed Real Estate Companies 12.76x
Germany Market PE Ratio Median Figure of 411 Publicly-Listed Companies 18.54x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CR Capital Real Estate.

XTRA:CRZK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:CRZK Share Price ÷ EPS (both in EUR)

= 38.8 ÷ 4.15

9.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does CR Capital Real Estate's expected growth come at a high price?
Raw Data
XTRA:CRZK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14.1%per year
Germany Real Estate Industry PEG Ratio Median Figure of 21 Publicly-Listed Real Estate Companies 0.69x
Germany Market PEG Ratio Median Figure of 263 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

XTRA:CRZK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.34x ÷ 14.1%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CR Capital Real Estate is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CR Capital Real Estate's assets?
Raw Data
XTRA:CRZK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €18.85
XTRA:CRZK Share Price * XTRA (2019-08-16) in EUR €38.8
Germany Real Estate Industry PB Ratio Median Figure of 41 Publicly-Listed Real Estate Companies 1.26x
Germany Market PB Ratio Median Figure of 568 Publicly-Listed Companies 1.64x
XTRA:CRZK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:CRZK Share Price ÷ Book Value per Share (both in EUR)

= 38.8 ÷ 18.85

2.06x

* Primary Listing of CR Capital Real Estate.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CR Capital Real Estate is overvalued based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess CR Capital Real Estate's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. CR Capital Real Estate has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CRZK Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CR Capital Real Estate expected to grow at an attractive rate?
  • CR Capital Real Estate's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • CR Capital Real Estate's earnings growth is expected to exceed the Germany market average.
  • CR Capital Real Estate's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:CRZK Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:CRZK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14.1%
XTRA:CRZK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 9.2%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8.4%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:CRZK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:CRZK Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 53 2
2022-12-31 51 2
2021-12-31 48 12 2
2020-12-31 45 11 11 2
2019-12-31 45 10 9 1
XTRA:CRZK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 26 3 8
2018-09-30 21 3 7
2018-06-30 15 3 7
2018-03-31 13 0 6
2017-12-31 10 -4 6
2017-09-30 10 -3 4
2017-06-30 9 -3 3
2017-03-31 13 -1 3
2016-12-31 17 2 2
2016-09-30 14 2
2016-06-30 11 3 2
2016-03-31 10 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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 is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:CRZK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from CR Capital Real Estate Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:CRZK Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 6.20 6.20 6.20 1.00
2020-12-31 5.87 6.40 5.34 2.00
2019-12-31 4.78 4.78 4.78 1.00
XTRA:CRZK Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.15
2018-09-30
2018-06-30
2018-03-31
2017-12-31 3.14
2017-09-30 2.42
2017-06-30
2017-03-31
2016-12-31 1.18
2016-09-30
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CR Capital Real Estate is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess CR Capital Real Estate's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CR Capital Real Estate has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CRZK Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CR Capital Real Estate's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 7.1%).
Earnings and Revenue History
CR Capital Real Estate's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CR Capital Real Estate Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:CRZK Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 26.31 7.80 1.63
2018-09-30 20.74 7.28 1.47
2018-06-30 15.17 6.76 1.30
2018-03-31 12.79 6.27 1.26
2017-12-31 10.41 5.77 1.21
2017-09-30 9.83 4.43 1.06
2017-06-30 9.24 3.10 0.91
2017-03-31 13.37 2.63 0.81
2016-12-31 17.50 2.17 0.71
2016-09-30 14.21 2.17 0.75
2016-06-30 10.93 2.18 0.80
2016-03-31 9.95 1.93 0.79
2015-12-31 8.97 1.69 0.79
2015-09-30 15.82 3.28 0.74
2015-06-30 22.67 4.87 0.70
2015-03-31 20.37 4.84 0.64
2014-12-31 18.08 4.81 0.59
2014-09-30 16.52 2.69 0.58
2014-06-30 14.97 0.57 0.57
2014-03-31 14.24 0.31 0.54
2013-12-31 13.51 0.06 0.52
2013-09-30 8.41 -1.38 0.46
2013-06-30 3.31 -2.81 0.40
2013-03-31 6.05 -2.67 0.39
2012-12-31 8.79 -2.53 0.38
2012-09-30 10.38 -1.94 0.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CR Capital Real Estate has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • CR Capital Real Estate used its assets more efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • 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).
X
Past performance checks
We assess CR Capital Real Estate's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CR Capital Real Estate has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CRZK Health

 How is CR Capital Real Estate's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CR Capital Real Estate's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of CR Capital Real Estate's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CR Capital Real Estate Company Filings, last reported 7 months ago.

XTRA:CRZK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 35.40 1.94 3.94
2018-09-30 35.40 1.94 3.94
2018-06-30 30.49 8.81 4.07
2018-03-31 30.49 8.81 4.07
2017-12-31 28.39 9.00 1.98
2017-09-30 28.39 9.00 1.98
2017-06-30 23.74 2.08 1.87
2017-03-31 23.74 2.08 1.87
2016-12-31 22.71 2.12 5.44
2016-09-30 22.71 2.12 5.44
2016-06-30 20.71 2.17 6.40
2016-03-31 20.71 2.17 6.40
2015-12-31 20.54 5.56 1.95
2015-09-30 20.54 5.56 1.95
2015-06-30 18.56 5.68 4.69
2015-03-31 18.56 5.68 4.69
2014-12-31 18.86 4.99 2.97
2014-09-30 18.86 4.99 2.97
2014-06-30 14.07 5.12 1.06
2014-03-31 14.07 5.12 1.06
2013-12-31 10.67 5.25 0.42
2013-09-30 10.67 5.25 0.42
2013-06-30 9.96 5.38 1.23
2013-03-31 9.96 5.38 1.23
2012-12-31 10.87 8.77 1.04
2012-09-30 10.87 8.77 1.04
  • 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).
X
Financial health checks
We assess CR Capital Real Estate's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CR Capital Real Estate has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CRZK Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.58%
Current annual income from CR Capital Real Estate dividends. Estimated to be 8.97% next year.
If you bought €2,000 of CR Capital Real Estate shares you are expected to receive €52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CR Capital Real Estate's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.57%).
  • CR Capital Real Estate's dividend is below the markets top 25% of dividend payers in Germany (4.29%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:CRZK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 321 Stocks 3.3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:CRZK Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.00 1.00
2020-12-31 2.96 2.00
2019-12-31 3.00 1.00
XTRA:CRZK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-02-09 1.000 3.807
2011-03-01 0.000 0.000
2010-04-21 0.600 6.124
2009-06-22 1.000 9.414

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of CR Capital Real Estate's earnings are paid to the shareholders as a dividend.
  • 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).
X
Income/ dividend checks
We assess CR Capital Real Estate's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CR Capital Real Estate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CR Capital Real Estate has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CRZK Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Uwe Zimdars
TENURE AS CEO 2 years
CEO Bio

Uwe Zimdars is employed with CR Capital Real Estate AG

CEO Compensation
  • Insufficient data for Uwe to compare compensation growth.
  • Insufficient data for Uwe to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Uwe Zimdars

TITLE
Vice Chairman of the Supervisory Board
TENURE
2 yrs

Christiane Bohm

TITLE
CFO & Member of the Management Board
AGE
33
TENURE
0.8 yrs

Thomas Zienterski

TITLE
COO & Member of Management Board
Board of Directors Tenure

Average tenure of the CR Capital Real Estate board of directors in years:

6
Average Tenure
  • The tenure for the CR Capital Real Estate board of directors is about average.
Board of Directors

Stefan Krach

TITLE
Chairman of the Supervisory Board
AGE
60
TENURE
11.6 yrs

Uwe Zimdars

TITLE
Vice Chairman of the Supervisory Board
TENURE
2 yrs

Peter Peitz

TITLE
Member of the Supervisory Board
AGE
61
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess CR Capital Real Estate's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CR Capital Real Estate has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CRZK News

Simply Wall St News

Be Sure To Check Out CR Capital Real Estate AG (ETR:CRZK) Before It Goes Ex-Dividend

The upcoming dividend for CR Capital Real Estate is €1.50 per share, increased from last year's total dividends per share of €1.00. … Check out our latest analysis for CR Capital Real Estate Dividends are typically paid from company earnings. … A useful secondary check can be to evaluate whether CR Capital Real Estate generated enough free cash flow to afford its dividend.

Simply Wall St -

CR Capital Real Estate (ETR:CRZK) Shareholders Have Enjoyed A Whopping 324% Share Price Gain

Then look at the CR Capital Real Estate AG (ETR:CRZK) share price. … During five years of share price growth, CR Capital Real Estate achieved compound earnings per share (EPS) growth of 153% per year. … XTRA:CRZK Past and Future Earnings, August 2nd 2019 It is of course excellent to see how CR Capital Real Estate has grown profits over the years, but the future is more important for shareholders.

Simply Wall St -

Does CR Capital Real Estate AG (ETR:CRZK) Have A Place In Your Dividend Portfolio?

Could CR Capital Real Estate AG (ETR:CRZK) be an attractive dividend share to own for the long haul? … CR Capital Real Estate has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see CR Capital Real Estate has grown its earnings per share at 153% per annum over the past five years. Earnings per share have grown rapidly, and the company is retaining a majority of its earnings. We think this is ideal from an investment perspective, if the company is able to reinvest these earnings effectively. We'd also point out that CR Capital Real Estate issued a meaningful number of new shares in the past year. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Does CR Capital Real Estate AG's (ETR:CRZK) Stock Price Account For Its Growth?

CR Capital Real Estate AG (ETR:CRZK) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of €39 is based on unrealistic expectations. … However, since CR Capital Real Estate is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … This means that, when we account for CR Capital Real Estate's growth, the stock can be viewed as relatively cheap , based on its fundamentals.

Simply Wall St -

CR Capital Real Estate AG (ETR:CRZK): Is It A Smart Long Term Opportunity?

As CR Capital Real Estate AG (ETR:CRZK) announced its earnings release on 31 December 2018, analyst consensus outlook appear cautiously subdued, as a 15% rise in profits is expected in the upcoming year, compared with the higher past 5-year average growth rate of 30%. … In this article, I've outline a few earnings growth rates to give you a sense of the market sentiment for CR Capital Real Estate in the longer term. … Check out our latest analysis for CR Capital Real Estate What can we expect from CR Capital Real Estate in the longer term?

Simply Wall St -

Do You Know What CR Capital Real Estate AG's (ETR:CRZK) P/E Ratio Means?

View our latest analysis for CR Capital Real Estate How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for CR Capital Real Estate: P/E of 9.34 = €38.8 ÷ €4.15 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … XTRA:CRZK Price Estimation Relative to Market, June 19th 2019 Its relatively low P/E ratio indicates that CR Capital Real Estate shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

Why CR Capital Real Estate AG (ETR:CRZK) Could Be Your Next Investment

Outstanding track record with flawless balance sheet Investors in search for stocks with room to flourish should look no further than CRZK, with its expected earnings growth of 24%. … XTRA:CRZK Historical Debt, May 29th 2019 Next Steps: For CR Capital Real Estate, I've compiled three fundamental factors you should look at: Valuation: What is CRZK worth today? … Dividend Income vs Capital Gains: Does CRZK return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends?

Simply Wall St -

Did You Miss CR Capital Real Estate's (ETR:CRZK) Impressive 279% Share Price Gain?

But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. … For instance, the price of CR Capital Real Estate AG (ETR:CRZK) stock is up an impressive 279% over the last five years. … During the five years of share price growth, CR Capital Real Estate moved from a loss to profitability.

Simply Wall St -

Should You Buy CR Capital Real Estate AG (ETR:CRZK) For Its 3.4% Dividend?

Historically, CR Capital Real Estate AG (ETR:CRZK) has been paying a dividend to shareholders. … Does CR Capital Real Estate tick all the boxes of a great dividend stock? … View our latest analysis for CR Capital Real Estate

Simply Wall St -

What Does CR Capital Real Estate AG's (ETR:CRZK) P/E Ratio Tell You?

We'll show how you can use CR Capital Real Estate AG's (ETR:CRZK) P/E ratio to inform your assessment of the investment opportunity. … CR Capital Real Estate has a price to earnings ratio of 75.26, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

CRZK Company Info

Description

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 2008 and is based in Berlin, Germany.

Details
Name: CR Capital Real Estate AG
CRZK
Exchange: XTRA
Founded: 2008
€71,149,034
1,833,738
Website: http://www.capital-real-estate-ag.de
Address: CR Capital Real Estate AG
Fasanenstrasse 77,
Berlin,
Berlin, 10623,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA CRZK Bearer Shares XETRA Trading Platform DE EUR 03. Oct 2008
DB CRZK Bearer Shares Deutsche Boerse AG DE EUR 03. Oct 2008
BST CRZK Bearer Shares Boerse-Stuttgart DE EUR 03. Oct 2008
DB CRZK SHS Deutsche Boerse AG DE EUR 18. Aug 2019
Number of employees
Current staff
Staff numbers
17
CR Capital Real Estate employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 21:04
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/06/24
Last earnings filing: 2019/06/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.