DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate. More Details
6 star dividend payer with proven track record.
Share Price & News
How has DIC Asset's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DIC is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: DIC's weekly volatility (6%) has been stable over the past year.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
Return vs Industry: DIC underperformed the German Real Estate industry which returned 0.1% over the past year.
Return vs Market: DIC underperformed the German Market which returned 2.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is DIC Asset's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWe Wouldn't Rely On DIC Asset's (ETR:DIC) Statutory Earnings As A Guide
3 weeks ago | Simply Wall StDIC Asset AG (ETR:DIC) Is An Attractive Dividend Stock - Here's Why
1 month ago | Simply Wall StWhat Type Of Shareholders Make Up DIC Asset AG's (ETR:DIC) Share Registry?
Is DIC Asset undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DIC (€13.98) is trading above our estimate of fair value (€8.6)
Significantly Below Fair Value: DIC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DIC is poor value based on its PE Ratio (13.7x) compared to the DE Real Estate industry average (12.3x).
PE vs Market: DIC is good value based on its PE Ratio (13.7x) compared to the German market (23.9x).
Price to Earnings Growth Ratio
PEG Ratio: DIC is poor value based on its PEG Ratio (5.1x)
Price to Book Ratio
PB vs Industry: DIC is good value based on its PB Ratio (1.1x) compared to the DE Real Estate industry average (1.3x).
How is DIC Asset forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DIC's forecast earnings growth (2.7% per year) is above the savings rate (0.07%).
Earnings vs Market: DIC's earnings (2.7% per year) are forecast to grow slower than the German market (25.3% per year).
High Growth Earnings: DIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: DIC's revenue is expected to decline over the next 3 years (-0.7% per year).
High Growth Revenue: DIC's revenue is forecast to decline over the next 3 years (-0.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DIC's Return on Equity is forecast to be low in 3 years time (8.9%).
How has DIC Asset performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DIC has a large one-off gain of €37.5M impacting its September 30 2020 financial results.
Growing Profit Margin: DIC's current net profit margins (36.4%) are higher than last year (28.1%).
Past Earnings Growth Analysis
Earnings Trend: DIC's earnings have grown significantly by 33.1% per year over the past 5 years.
Accelerating Growth: DIC's earnings growth over the past year (46%) exceeds its 5-year average (33.1% per year).
Earnings vs Industry: DIC earnings growth over the past year (46%) exceeded the Real Estate industry 0.09%.
Return on Equity
High ROE: DIC's Return on Equity (7.4%) is considered low.
How is DIC Asset's financial position?
Financial Position Analysis
Short Term Liabilities: DIC's short term assets (€560.3M) exceed its short term liabilities (€208.6M).
Long Term Liabilities: DIC's short term assets (€560.3M) do not cover its long term liabilities (€1.5B).
Debt to Equity History and Analysis
Debt Level: DIC's debt to equity ratio (142.8%) is considered high.
Reducing Debt: DIC's debt to equity ratio has reduced from 197.9% to 142.8% over the past 5 years.
Debt Coverage: DIC's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: DIC's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is DIC Asset current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DIC's dividend (4.72%) is higher than the bottom 25% of dividend payers in the German market (1.02%).
High Dividend: DIC's dividend (4.72%) is in the top 25% of dividend payers in the German market (3.51%)
Stability and Growth of Payments
Stable Dividend: DIC's dividends per share have been stable in the past 10 years.
Growing Dividend: DIC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.5%), DIC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DIC's dividends in 3 years are forecast to be covered by earnings (58.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sonja Wärntges (53 yo)
Ms. Sonja Wärntges serves as Member of Supervisory Board at Fraport AG since October 2020. She has been Chief Executive Officer and Chairwoman of the Management at DIC Asset AG since October 1, 2017 and se...
CEO Compensation Analysis
Compensation vs Market: Sonja's total compensation ($USD1.58M) is about average for companies of similar size in the German market ($USD1.59M).
Compensation vs Earnings: Sonja's compensation has increased by more than 20% in the past year.
|Chairwoman of the Management Board & CEO||3.25yrs||€1.31m||no data|
|Chief Investment Officer & Member of Management Board||no data||€914.57k||no data|
|Chief Capital Markets Officer & Member of Management Board||0.92yr||no data||no data|
|Chief Institutional Business Officer & Member of Management Board||0.42yr||no data||no data|
|Head of Finance & Accounting||no data||no data||no data|
|Head of Investor Relations & Corporate Communications||1.5yrs||no data||no data|
|Director Investment & Head of Sales||1yr||no data||no data|
|Head of Human Resources||no data||no data||no data|
|Head of Investment||no data||no data||no data|
|Director Investment & Head of Acquisitions||1yr||no data||no data|
|Director Investment & Head of Transaction Management||1yr||no data||no data|
|Head of Sustainability||no data||no data||no data|
Experienced Management: DIC's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Supervisory Board Chairman||13.58yrs||€105.00k||no data|
|Member of Supervisory Board||0.50yr||no data||no data|
|Supervisory Board Vice Chairman||13.58yrs||€75.00k||no data|
|Independent Supervisory Board Member||5.5yrs||€60.00k||no data|
|Member of the Supervisory Board||1.67yrs||€30.82k||no data|
|Independent Member of the Supervisory Board||2.83yrs||€50.00k||no data|
Experienced Board: DIC's board of directors are considered experienced (4.2 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.
DIC Asset AG's company bio, employee growth, exchange listings and data sources
- Name: DIC Asset AG
- Ticker: DIC
- Exchange: XTRA
- Founded: 2002
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: €1.127b
- Shares outstanding: 80.59m
- Website: https://www.dic-asset.de
Number of Employees
- DIC Asset AG
- Neue Mainzer Straße 20
- Frankfurt am Main
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DIC||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||May 2003|
|DIC||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||May 2003|
|DICD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||May 2003|
|0QGG||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||May 2003|
|DIC||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||May 2003|
|DIC||WBAG (Wiener Boerse AG)||Yes||Registered Shares||AT||EUR||May 2003|
|DDCC.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||May 2003|
DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate. With around 20 years of experience on the German real estate market, the company maintains a r...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/16 19:23|
|End of Day Share Price||2021/01/15 00:00|
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.