Loading...

Deutsche Konsum REIT-AG

XTRA:DKG
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DKG
XTRA
€491M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Deutsche Konsum REIT-AG, a real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Deutsche Konsum REIT-AG has significant price volatility in the past 3 months.
DKG Share Price and Events
7 Day Returns
3.1%
XTRA:DKG
1.4%
DE REITs
0.2%
DE Market
1 Year Returns
43.9%
XTRA:DKG
13.9%
DE REITs
-10.9%
DE Market
DKG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deutsche Konsum REIT-AG (DKG) 3.1% 14.7% 26.6% 43.9% 168.8% -
DE REITs 1.4% 2% 6.8% 13.9% 2.2% 13.5%
DE Market 0.2% -2.5% -2% -10.9% 8.9% 6.3%
1 Year Return vs Industry and Market
  • DKG outperformed the REITs industry which returned 13.9% over the past year.
  • DKG outperformed the Market in Germany which returned -10.9% over the past year.
Price Volatility
DKG
Industry
5yr Volatility vs Market

DKG Value

 Is Deutsche Konsum REIT-AG 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 Deutsche Konsum REIT-AG 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 Deutsche Konsum REIT-AG.

XTRA:DKG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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:DKG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.493 (1 + (1- 30%) (53.42%))
0.784
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for XTRA:DKG using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Deutsche Konsum REIT-AG 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.

Deutsche Konsum REIT-AG is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

XTRA:DKG DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (EUR, Millions) Source Present Value
Discounted (@ 5%)
2019 26.73 Analyst x3 25.46
2020 33.44 Analyst x3 30.33
2021 38.96 Analyst x2 33.66
2022 44.03 Est @ 13.01% 36.23
2023 48.07 Est @ 9.18% 37.67
2024 51.19 Est @ 6.49% 38.21
2025 53.55 Est @ 4.61% 38.07
2026 55.31 Est @ 3.3% 37.45
2027 56.63 Est @ 2.38% 36.52
2028 57.61 Est @ 1.73% 35.38
Present value of next 10 years cash flows €348.97
XTRA:DKG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €57.61 × (1 + 0.23%) ÷ (5% – 0.23%)
€1,211.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,211.00 ÷ (1 + 5%)10
€743.73
XTRA:DKG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €348.97 + €743.73
€1,092.70
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,092.70 / 29.96
€36.47
XTRA:DKG Discount to Share Price
Calculation Result
Value per share (EUR) From above. €36.47
Current discount Discount to share price of €16.40
= -1 x (€16.40 - €36.47) / €36.47
55%

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

Current Discount
Amount off the current price Deutsche Konsum REIT-AG is available for.
Intrinsic value
>50%
Share price is €16.4 vs Future cash flow value of €36.47
Current Discount Checks
For Deutsche Konsum REIT-AG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Deutsche Konsum REIT-AG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Deutsche Konsum REIT-AG'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 Deutsche Konsum REIT-AG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deutsche Konsum REIT-AG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:DKG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.28
XTRA:DKG Share Price ** XTRA (2019-06-18) in EUR €16.4
Germany REITs Industry PE Ratio Median Figure of 5 Publicly-Listed REITs Companies 12.77x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.63x

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

** Primary Listing of Deutsche Konsum REIT-AG.

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

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

= 16.4 ÷ 1.28

12.85x

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

  • Deutsche Konsum REIT-AG is overvalued based on earnings compared to the DE REITs industry average.
  • Deutsche Konsum REIT-AG is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Deutsche Konsum REIT-AG's expected growth come at a high price?
Raw Data
XTRA:DKG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
14.1%per year
Europe REITs Industry PEG Ratio Median Figure of 61 Publicly-Listed REITs Companies 0.65x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.85x ÷ 14.1%

0.91x

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

  • Deutsche Konsum REIT-AG is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Deutsche Konsum REIT-AG's assets?
Raw Data
XTRA:DKG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €8.18
XTRA:DKG Share Price * XTRA (2019-06-18) in EUR €16.4
Germany REITs Industry PB Ratio Median Figure of 5 Publicly-Listed REITs Companies 1.35x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
XTRA:DKG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 16.4 ÷ 8.18

2.01x

* Primary Listing of Deutsche Konsum REIT-AG.

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

  • Deutsche Konsum REIT-AG is overvalued based on assets compared to the DE REITs industry average.
X
Value checks
We assess Deutsche Konsum REIT-AG'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 REITs 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 REITs industry average (and greater than 0)? (1 check)
  5. Deutsche Konsum REIT-AG has a total score of 4/6, 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.

DKG Future Performance

 How is Deutsche Konsum REIT-AG expected to perform in the next 1 to 3 years based on estimates from 3 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 Deutsche Konsum REIT-AG expected to grow at an attractive rate?
  • Deutsche Konsum REIT-AG's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Deutsche Konsum REIT-AG's earnings growth is expected to exceed the Germany market average.
  • Deutsche Konsum REIT-AG's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:DKG Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:DKG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 14.1%
XTRA:DKG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 19.5%
Germany REITs Industry Earnings Growth Rate Market Cap Weighted Average -5.1%
Europe REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:DKG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:DKG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 62 46 61 2
2020-09-30 53 36 62 3
2019-09-30 43 28 53 3
XTRA:DKG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 39 18 36
2018-12-31 34 17 34
2018-09-30 29 15 31
2018-06-30 26 15 30
2018-03-31 24 15 38
2017-12-31 22 13 37
2017-09-30 19 12 37
2017-06-30 17 12 53
2017-03-31 15 9 26
2016-12-31 13 9 24
2016-09-30 11 3 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deutsche Konsum REIT-AG's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • Deutsche Konsum REIT-AG's revenue is expected to grow by 19.5% 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:DKG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Deutsche Konsum REIT-AG Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:DKG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 2.16 2.43 1.88 2.00
2020-09-30 2.08 2.27 1.79 3.00
2019-09-30 1.84 2.26 1.59 3.00
XTRA:DKG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.28
2018-12-31 1.21
2018-09-30 1.15
2018-06-30 1.16
2018-03-31 1.50
2017-12-31 1.57
2017-09-30 1.66
2017-06-30 2.57
2017-03-31 1.41
2016-12-31 1.51
2016-09-30 1.48

*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.
  • Deutsche Konsum REIT-AG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Deutsche Konsum REIT-AG'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 Europe 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.
Deutsche Konsum REIT-AG has a total score of 3/6, 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.

DKG Past Performance

  How has Deutsche Konsum REIT-AG 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 Deutsche Konsum REIT-AG's growth in the last year to its industry (REITs).
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.
  • Deutsche Konsum REIT-AG has delivered over 20% year on year earnings growth in the past 5 years.
  • Deutsche Konsum REIT-AG's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Deutsche Konsum REIT-AG's 1-year earnings growth is negative, it can't be compared to the DE REITs industry average.
Earnings and Revenue History
Deutsche Konsum REIT-AG'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 Deutsche Konsum REIT-AG Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:DKG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 38.90 36.04 0.96
2018-12-31 33.65 33.55 0.84
2018-09-30 28.63 30.92 0.84
2018-06-30 26.44 30.08 0.58
2018-03-31 23.98 38.19 0.49
2017-12-31 22.21 37.13 0.44
2017-09-30 19.26 37.41 0.32
2017-06-30 17.29 53.34 0.13
2017-03-31 15.28 26.35 0.09
2016-12-31 13.35 24.07 0.05
2016-09-30 11.49 21.99 0.05
2016-03-31 8.72 -6.98 0.05
2015-12-31 6.52 -7.39 0.04
2015-09-30 4.51 -8.83 0.03
2014-12-31 0.60 0.21
2014-09-30 0.66 -0.08
2013-12-31 0.61 -0.24
2012-12-31 0.59 0.15

*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.
  • Deutsche Konsum REIT-AG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Deutsche Konsum REIT-AG used its assets more efficiently than the DE REITs industry average last year based on Return on Assets.
  • Deutsche Konsum REIT-AG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Deutsche Konsum REIT-AG'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 REITs 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.
Deutsche Konsum REIT-AG has a total score of 2/6, 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.

DKG Health

 How is Deutsche Konsum REIT-AG'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 Deutsche Konsum REIT-AG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deutsche Konsum REIT-AG's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Deutsche Konsum REIT-AG's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Deutsche Konsum REIT-AG'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 not covered by short term assets, assets are 0x 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 Deutsche Konsum REIT-AG Company Filings, last reported 2 months ago.

XTRA:DKG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 244.99 262.48 2.61
2018-12-31 245.03 244.01 0.33
2018-09-30 209.76 239.51 0.14
2018-06-30 204.27 213.43 0.47
2018-03-31 185.24 127.13 1.15
2017-12-31 181.81 112.74 0.87
2017-09-30 154.74 122.91 1.16
2017-06-30 150.09 108.76 0.98
2017-03-31 122.92 89.15 15.35
2016-12-31 82.23 103.93 0.91
2016-09-30 79.03 93.90 10.33
2016-03-31 33.19 79.24 5.50
2015-12-31 22.73 61.20 4.35
2015-09-30 22.73 61.20 4.35
2014-12-31 2.57 2.44 0.11
2014-09-30 1.52 2.45 0.11
2013-12-31 1.14 2.45 0.01
2012-12-31 1.38 2.32 0.00
  • Deutsche Konsum REIT-AG's level of debt (107.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (193.3% vs 107.1% today).
  • Debt is not well covered by operating cash flow (6.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Deutsche Konsum REIT-AG'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. Deutsche Konsum REIT-AG has a total score of 2/6, 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.

DKG Dividends

 What is Deutsche Konsum REIT-AG'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
1.22%
Current annual income from Deutsche Konsum REIT-AG dividends. Estimated to be 3.01% next year.
If you bought €2,000 of Deutsche Konsum REIT-AG shares you are expected to receive €24 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?
  • Deutsche Konsum REIT-AG's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Deutsche Konsum REIT-AG's dividend is below the markets top 25% of dividend payers in Germany (3.94%).
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:DKG 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 3 Analyst Estimates (S&P Global) See Below
Germany REITs Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

XTRA:DKG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.60 2.00
2020-09-30 0.52 3.00
2019-09-30 0.40 3.00
XTRA:DKG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-12-19 0.200 1.621
2017-12-19 0.200 1.879

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

  • It is too early to tell whether Deutsche Konsum REIT-AG has stable dividend payments.
  • Deutsche Konsum REIT-AG only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Deutsche Konsum REIT-AG's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (64.9x coverage).
X
Income/ dividend checks
We assess Deutsche Konsum REIT-AG'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 Deutsche Konsum REIT-AG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deutsche Konsum REIT-AG has a total score of 2/6, see the detailed checks below.


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

DKG Management

 What is the CEO of Deutsche Konsum REIT-AG'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
Rolf Elgeti
COMPENSATION €71,300
AGE 42
CEO Bio

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 Partner of Obotritia Capital KGaA, Potsdam since November 2014. He serves as Chief Executive Officer and Member of the Management Board at Deutsche Industrie REIT-AG. He served as the Chief Executive Officer of Colonia Real Estate AG until October 31, 2014 and served as its Member of the Management Board since February 2011. Mr. Elgeti served as a Managing Director at Elgeti Ashdown Advisers Ltd., which he co-founded in April 2007. He served as the Chief Executive Officer of Bau-Verein zu Hamburg AG. Mr. Elgeti served as a Member of The Management Board at Bau-Verein zu Hamburg AG since July 1, 2009. He also served as an Advisor at Treveria Asset Management GmbH. Mr. Elgeti served as the Chairman of the Management Board and Chief Executive Officer of TAG Immobilien AG from June 2009 to October 31, 2014 and also served as its Member of the Management Board from June 1, 2009 to October 31, 2014. Prior to Elgeti Ashdown, he served as a European Macro Analyst and Equity Strategist focusing on Germany at UBS, Commerzbank Securities and ABN Amro. Mr. Elgeti served as a Research Analyst at RBS Research (now RBS Strategy). He served as the Head of Equity Strategists Team at RBS Holdings N.V. Mr. Elgeti has six years of experience in the German commeial property investment markets during which he has been responsible for acquiring and managing a portfolio of assets exceeding €100 million rcial and residentfor clients. He worked for many years as an Analyst and Equities Strategist in the UK and has outstanding capital market expertise. Mr. Elgeti has been the Chairman of Supervisory Board at TAG Immobilien AG since November 28, 2014 and its Member of Supervisory Board since October 31, 2014. He serves as the Chairman of the Supervisory Board at FranconoWelaust AG. Mr. Elgeti has been the Chairman of Supervisory Board at Fair Value REIT-AG since February 2, 2015 and 1801 Deutsche Leibrenten AG since June 2015. He served as a Deputy Chairman of the Supervisory Board for Estavis AG (now Accentro Real Estate AG) until January 10, 2014 and served as its Member of Supervisory Board from July 18, 2011 to January 2014. Mr. Elgeti served as the Chairman of the Board and Director at Treveria Plc (now Glenwick plc) from January 1, 2011 to April 17, 2012 and from February 6, 2009 to April 17, 2012 respectively. He served as Chairman and Director of Tag Immobilien Ag. Mr. Elgeti has been a Director of Staramba SE since September 03, 2016 and has been its Chairman of the Board since February 14, 2019. He served as a Non-Executive Director of Sirius Real Estate Limited since July 26, 2011 until March 31, 2016. Mr. Elgeti served as a Member of Supervisory Board at TAG Immobilien AG from October 17, 2008 to May 31, 2009. He serves as Chairman of the Supervisory Board at creditshelf Aktiengesellschaft. Mr. Elgeti was twice top-ranked for European Equity Strategy in the Extel survey among institutional equity investors. He graduated with an MBA from the University of Mannheim, Germany and received an MBA from ESSEC, Paris in 1999. Mr. Elgeti has memberships in Laurus Property Partner, Munchen. He hold MA in Business Administration.

CEO Compensation
  • Rolf's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rolf's remuneration is lower than average for companies of similar size in Germany.
Management Team

Rolf Elgeti

TITLE
CEO & Chairman of Management Board
COMPENSATION
€71K
AGE
42

Christian Hellmuth

TITLE
CFO & Member of Management Board
COMPENSATION
€174K
AGE
39
TENURE
1.9 yrs

Alexander Kroth

TITLE
Chief Investment Officer & Member of Management Board
COMPENSATION
€182K
AGE
36
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure of the Deutsche Konsum REIT-AG board of directors in years:

3.2
Average Tenure
  • The tenure for the Deutsche Konsum REIT-AG board of directors is about average.
Board of Directors

Hans-Ulrich Sutter

TITLE
Chairman of Supervisory Board
AGE
70

Achim Betz

TITLE
Vice-Chairman of Supervisory Board

Hank Boot

TITLE
Member of Supervisory Board
TENURE
3.2 yrs

Nicholas Cournoyer

TITLE
Member of Supervisory Board
TENURE
3.2 yrs

Kristian Schmidt-Garve

TITLE
Member of Supervisory Board
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Deutsche Konsum REIT-AG'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. Deutsche Konsum REIT-AG 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.

DKG News

Simply Wall St News

Is Deutsche Konsum REIT-AG (ETR:DKG) A Healthy REIT?

Deutsche Konsum REIT-AG is a €476m small-cap, real estate investment trust (REIT) based in Potsdam, Germany. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation. … Deutsche Konsum REIT-AG can bring about diversification for your portfolio, but before you decide to invest, take a look at the other aspects you must consider before investing: Future Outlook: What are well-informed industry analysts predicting for DKG’s future growth?

Simply Wall St -

Do Institutions Own Deutsche Konsum REIT-AG (ETR:DKG) Shares?

Every investor in Deutsche Konsum REIT-AG (ETR:DKG) should be aware of the most powerful shareholder groups. … Taking a look at our data on the ownership groups (below), it's seems that institutions own shares in the company. … Insider Ownership Of Deutsche Konsum REIT-AG The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Deutsche Konsum REIT-AG (ETR:DKG) Shareholders Have Enjoyed An Impressive 126% Share Price Gain

For instance the Deutsche Konsum REIT-AG (ETR:DKG) share price is 126% higher than it was three years ago. … During three years of share price growth, Deutsche Konsum REIT-AG moved from a loss to profitability. … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return.

Simply Wall St -

How Much Did Deutsche Konsum REIT-AG's (ETR:DKG) CEO Pocket Last Year?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rolf Elgeti's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Deutsche Konsum REIT-AG has a market cap of €424m, and is paying total annual CEO compensation of €71k.

Simply Wall St -

Should You Be Impressed By Deutsche Konsum REIT-AG's (ETR:DKG) ROE?

To keep the lesson grounded in practicality, we'll use ROE to better understand Deutsche Konsum REIT-AG (ETR:DKG). … Deutsche Konsum REIT-AG has a ROE of 14%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Deutsche Konsum REIT-AG (ETR:DKG): Can Growth Justify Its March Share Price?

Looking at Deutsche Konsum REIT-AG’s (ETR:DKG) fundamentals some investors are wondering if its last closing price of €11.5 represents a good value for money for this high growth stock. … Check out our latest analysis for Deutsche Konsum REIT-AG? … Deutsche Konsum REIT-AG is poised for significantly high earnings growth in the near future

Simply Wall St -

Will Deutsche Konsum REIT-AG's (ETR:DKG) Earnings Grow In The Year Ahead?

Help shape the future of investing tools and you could win a $250 gift card! … Looking at Deutsche Konsum REIT-AG's (ETR:DKG) earnings update in September 2018, … with earnings expected to grow by a high double-digit of 70% in the upcoming year,

Simply Wall St -

Could The Deutsche Konsum REIT-AG (ETR:DKG) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Deutsche Konsum REIT-AG (ETR:DKG), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … With a market capitalization of €328m, Deutsche Konsum REIT-AG is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Investing In Deutsche Konsum REIT-AG (ETR:DKG): What You Need To Know

Deutsche Konsum REIT-AG is a €312m. … This impacts how DKG’s business operates and also how we should analyse its stock? … See our latest analysis for Deutsche Konsum REIT-AG.

Simply Wall St -

How Do Analysts See Deutsche Konsum REIT-AG (ETR:DKG) Performing Over The Next Few Years?

Deutsche Konsum REIT-AG's (ETR:DKG) most recent earnings update in September 2018a … confirmed

Simply Wall St -

DKG Company Info

Description

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.

Details
Name: Deutsche Konsum REIT-AG
DKG
Exchange: XTRA
Founded: 2008
€491,343,081
29,959,944
Website: http://www.deutsche-konsum.de
Address: Deutsche Konsum REIT-AG
August-Bebel-Str. 68,
Potsdam,
Brandenburg, 14482,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA DKG Bearer Shares XETRA Trading Platform DE EUR 15. Dec 2015
DB DKG Bearer Shares Deutsche Boerse AG DE EUR 15. Dec 2015
LSE 0RDE Bearer Shares London Stock Exchange GB EUR 15. Dec 2015
Number of employees
Current staff
Staff numbers
16
Deutsche Konsum REIT-AG employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:14
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.