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DKG

Deutsche Konsum REIT-AG XTRA:DKG Stock Report

Last Price

€12.25

Market Cap

€430.7m

7D

1.7%

1Y

-19.4%

Updated

14 May, 2022

Data

Company Financials +
DKG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends3/6

DKG Stock Overview

Deutsche Konsum REIT-AG, a real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany.

Deutsche Konsum REIT-AG Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Deutsche Konsum REIT-AG
Historical stock prices
Current Share Price€12.25
52 Week High€15.50
52 Week Low€11.70
Beta0.48
1 Month Change0%
3 Month Change-7.90%
1 Year Change-19.41%
3 Year Change-14.34%
5 Year Change43.61%
Change since IPO211.70%

Recent News & Updates

Shareholder Returns

DKGDE REITsDE Market
7D1.7%0.06%1.2%
1Y-19.4%-9.5%-12.2%

Return vs Industry: DKG underperformed the German REITs industry which returned -9.5% over the past year.

Return vs Market: DKG underperformed the German Market which returned -12.2% over the past year.

Price Volatility

Is DKG's price volatile compared to industry and market?
DKG volatility
DKG Average Weekly Movement3.8%
REITs Industry Average Movement6.5%
Market Average Movement6.4%
10% most volatile stocks in DE Market10.7%
10% least volatile stocks in DE Market3.5%

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

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

About the Company

FoundedEmployeesCEOWebsite
200828Rolf Elgetihttps://www.deutsche-konsum.de

Deutsche Konsum REIT-AG, a real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany. As of September 30, 2017, the company had a portfolio of 62 retail properties. Deutsche Konsum REIT-AG was founded in 2008 and is headquartered in Potsdam, Germany.

Deutsche Konsum REIT-AG Fundamentals Summary

How do Deutsche Konsum REIT-AG's earnings and revenue compare to its market cap?
DKG fundamental statistics
Market Cap€430.66m
Earnings (TTM)€93.09m
Revenue (TTM)€86.67m

4.6x

P/E Ratio

5.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DKG income statement (TTM)
Revenue€86.67m
Cost of Revenue€39.45m
Gross Profit€47.22m
Other Expenses-€45.87m
Earnings€93.09m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)2.65
Gross Margin54.49%
Net Profit Margin107.41%
Debt/Equity Ratio128.8%

How did DKG perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

34%

Payout Ratio

Valuation

Is Deutsche Konsum REIT-AG undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


28.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DKG (€12.25) is trading below our estimate of fair value (€17.16)

Significantly Below Fair Value: DKG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DKG is good value based on its PE Ratio (4.6x) compared to the European REITs industry average (12.9x).

PE vs Market: DKG is good value based on its PE Ratio (4.6x) compared to the German market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: DKG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DKG's PB Ratio (0.9x) is in line with the XE REITs industry average.


Future Growth

How is Deutsche Konsum REIT-AG forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-8.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DKG's earnings are forecast to decline over the next 3 years (-8.8% per year).

Earnings vs Market: DKG's earnings are forecast to decline over the next 3 years (-8.8% per year).

High Growth Earnings: DKG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DKG's revenue (3.3% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: DKG'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: DKG's Return on Equity is forecast to be low in 3 years time (11.2%).


Past Performance

How has Deutsche Konsum REIT-AG performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DKG has a large one-off gain of €56.4M impacting its December 31 2021 financial results.

Growing Profit Margin: DKG's current net profit margins are higher than last year (48.1%).


Past Earnings Growth Analysis

Earnings Trend: DKG's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: DKG's earnings growth over the past year (159.6%) exceeds its 5-year average (18.4% per year).

Earnings vs Industry: DKG earnings growth over the past year (159.6%) exceeded the REITs industry 99.6%.


Return on Equity

High ROE: DKG's Return on Equity (19.5%) is considered low.


Financial Health

How is Deutsche Konsum REIT-AG's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DKG's short term assets (€162.7M) exceed its short term liabilities (€124.2M).

Long Term Liabilities: DKG's short term assets (€162.7M) do not cover its long term liabilities (€507.5M).


Debt to Equity History and Analysis

Debt Level: DKG's net debt to equity ratio (128.3%) is considered high.

Reducing Debt: DKG's debt to equity ratio has increased from 121.3% to 128.8% over the past 5 years.

Debt Coverage: DKG's debt is not well covered by operating cash flow (5.9%).

Interest Coverage: DKG's interest payments on its debt are well covered by EBIT (5.9x coverage).


Balance Sheet


Dividend

What is Deutsche Konsum REIT-AG current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.26%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DKG's dividend (3.27%) is higher than the bottom 25% of dividend payers in the German market (1.37%).

High Dividend: DKG's dividend (3.27%) is low compared to the top 25% of dividend payers in the German market (4.29%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, DKG has been paying a dividend for less than 10 years.

Growing Dividend: DKG's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.7%), DKG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (39%), DKG's dividend payments are well covered by cash flows.


Next Steps

Management

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

6.1yrs

Average board tenure


CEO

Rolf Elgeti (45 yo)

no data

Tenure

€85,500

Compensation

Mr. Rolf Elgeti, CFA serves as Chairman of Management Board and Chief Executive Officer at Deutsche Konsum REIT-AG and serves as its Member of Management Board. Mr. Elgeti is the Founder and General Partne...


CEO Compensation Analysis

Compensation vs Market: Rolf's total compensation ($USD89.00K) is below average for companies of similar size in the German market ($USD894.14K).

Compensation vs Earnings: Rolf's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: DKG's board of directors are considered experienced (6.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DKG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Deutsche Konsum REIT-AG's employee growth, exchange listings and data sources


Key Information

  • Name: Deutsche Konsum REIT-AG
  • Ticker: DKG
  • Exchange: XTRA
  • Founded: 2008
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: €430.660m
  • Shares outstanding: 35.16m
  • Website: https://www.deutsche-konsum.de

Number of Employees


Location

  • Deutsche Konsum REIT-AG
  • August-Bebel-Str. 68
  • Potsdam
  • Brandenburg
  • 14482
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/14 00:00
End of Day Share Price2022/05/13 00:00
Earnings2021/12/31
Annual Earnings2021/09/30


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.