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DIC

DIC Asset XTRA:DIC Stock Report

Last Price

€11.40

Market Cap

€933.2m

7D

-0.9%

1Y

-22.5%

Updated

25 Jun, 2022

Data

Company Financials +
DIC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance1/6
Financial Health1/6
Dividends4/6

DIC Stock Overview

DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate.

DIC Asset Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for DIC Asset
Historical stock prices
Current Share Price€11.40
52 Week High€16.19
52 Week Low€10.86
Beta1.29
1 Month Change-8.80%
3 Month Change-22.45%
1 Year Change-22.50%
3 Year Change12.43%
5 Year Change18.80%
Change since IPO-10.66%

Recent News & Updates

Jun 14
These 4 Measures Indicate That DIC Asset (ETR:DIC) Is Using Debt Extensively

These 4 Measures Indicate That DIC Asset (ETR:DIC) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Apr 23
When Should You Buy DIC Asset AG (ETR:DIC)?

When Should You Buy DIC Asset AG (ETR:DIC)?

DIC Asset AG ( ETR:DIC ), might not be a large cap stock, but it received a lot of attention from a substantial price...

Shareholder Returns

DICDE Real EstateDE Market
7D-0.9%1.3%-0.1%
1Y-22.5%-37.4%-22.0%

Return vs Industry: DIC exceeded the German Real Estate industry which returned -37.4% over the past year.

Return vs Market: DIC matched the German Market which returned -22% over the past year.

Price Volatility

Is DIC's price volatile compared to industry and market?
DIC volatility
DIC Average Weekly Movement4.0%
Real Estate Industry Average Movement5.2%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: DIC is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: DIC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002306Sonja Warntgeshttps://www.dic-asset.de

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 regional footprint on all major German markets through six branch offices, and has 169 assets with a combined market value of c. EUR 5.6 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments.

DIC Asset Fundamentals Summary

How do DIC Asset's earnings and revenue compare to its market cap?
DIC fundamental statistics
Market Cap€933.22m
Earnings (TTM)€45.07m
Revenue (TTM)€244.44m

20.7x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DIC income statement (TTM)
Revenue€244.44m
Cost of Revenue€40.31m
Gross Profit€204.13m
Other Expenses€159.06m
Earnings€45.07m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 02, 2022

Earnings per share (EPS)0.55
Gross Margin83.51%
Net Profit Margin18.44%
Debt/Equity Ratio215.1%

How did DIC perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

136%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is DIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DIC?

Other financial metrics that can be useful for relative valuation.

DIC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12x
Enterprise Value/EBITDA21.7x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does DIC's PE Ratio compare to its peers?

DIC PE Ratio vs Peers
The above table shows the PE ratio for DIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.3x

Price-To-Earnings vs Peers: DIC is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (20.3x).


Price to Earnings Ratio vs Industry

How does DIC's PE Ratio compare vs other companies in the German Real Estate Industry?

Price-To-Earnings vs Industry: DIC is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the German Real Estate industry average (12.6x)


Price to Earnings Ratio vs Fair Ratio

What is DIC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DIC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.7x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: DIC is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).


Share Price vs Fair Value

What is the Fair Price of DIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DIC (€11.4) is trading above our estimate of fair value (€9.3)

Significantly Below Fair Value: DIC is trading above our estimate of fair value.


Price to Earnings Growth Ratio

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


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Future Growth

How is DIC Asset forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DIC's forecast earnings growth (27.7% per year) is above the savings rate (-0.05%).

Earnings vs Market: DIC's earnings (27.7% per year) are forecast to grow faster than the German market (8.3% per year).

High Growth Earnings: DIC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DIC's revenue (3.3% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: DIC's revenue (3.3% per year) is forecast to grow slower than 20% 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 (7.2%).


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Past Performance

How has DIC Asset performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DIC has a large one-off gain of €11.4M impacting its March 31 2022 financial results.

Growing Profit Margin: DIC's current net profit margins (18.4%) are lower than last year (35.5%).


Past Earnings Growth Analysis

Earnings Trend: DIC has become profitable over the past 5 years, growing earnings by 24% per year.

Accelerating Growth: DIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DIC had negative earnings growth (-40.7%) over the past year, making it difficult to compare to the Real Estate industry average (11.5%).


Return on Equity

High ROE: DIC's Return on Equity (4%) is considered low.


Discover strong past performing companies

Financial Health

How is DIC Asset's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DIC's short term assets (€1.0B) exceed its short term liabilities (€497.7M).

Long Term Liabilities: DIC's short term assets (€1.0B) do not cover its long term liabilities (€2.2B).


Debt to Equity History and Analysis

Debt Level: DIC's net debt to equity ratio (175.5%) is considered high.

Reducing Debt: DIC's debt to equity ratio has increased from 181.1% to 215.1% over the past 5 years.

Debt Coverage: DIC's debt is not well covered by operating cash flow (2.7%).

Interest Coverage: DIC's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


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Dividend

What is DIC Asset current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.58%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DIC's dividend (6.58%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: DIC's dividend (6.58%) is in the top 25% of dividend payers in the German market (4.53%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (136.2%), DIC's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (94%), DIC's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Sonja Warntges (54 yo)

9yrs

Tenure

€1,998,961

Compensation

Ms. Sonja Warntges serves as Independent Member of Supervisory Board at Fraport AG since October 16, 2020. She has been Chief Executive Officer and Chairwoman of the Management at DIC Asset AG since Octobe...


CEO Compensation Analysis

Compensation vs Market: Sonja's total compensation ($USD2.11M) is above average for companies of similar size in the German market ($USD1.33M).

Compensation vs Earnings: Sonja's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: DIC's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: DIC's board of directors are considered experienced (3.7 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DIC Asset AG's employee growth, exchange listings and data sources


Key Information

  • Name: DIC Asset AG
  • Ticker: DIC
  • Exchange: XTRA
  • Founded: 2002
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Implied Market Cap: €933.217m
  • Shares outstanding: 81.86m
  • Website: https://www.dic-asset.de

Number of Employees


Location

  • DIC Asset AG
  • Neue Mainzer Straße 20
  • MainTor
  • Frankfurt am Main
  • Hessen
  • 60311
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.