XTRA:DKG

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Deutsche Konsum REIT-AG

Executive Summary

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


Snowflake Analysis

Good value with reasonable growth potential.

Share Price & News

How has Deutsche Konsum REIT-AG's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

Volatility Over Time: DKG's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.9%

DKG

1.5%

DE REITs

0.4%

DE Market


1 Year Return

1.9%

DKG

-3.7%

DE REITs

2.3%

DE Market

Return vs Industry: DKG exceeded the German REITs industry which returned -5% over the past year.

Return vs Market: DKG matched the German Market which returned 2% over the past year.


Shareholder returns

DKGIndustryMarket
7 Day1.9%1.5%0.4%
30 Day1.3%-1.3%9.4%
90 Day-0.9%-8.2%4.0%
1 Year3.9%1.9%-0.3%-3.7%5.6%2.3%
3 Year63.7%58.1%30.9%16.7%4.4%-4.7%
5 Yearn/a9.8%-6.7%26.8%9.0%

Long-Term Price Volatility Vs. Market

How volatile is Deutsche Konsum REIT-AG's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DKG (€15.9) is trading below our estimate of fair value (€44.93)

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


Price To Earnings Ratio

PE vs Industry: DKG is poor value based on its PE Ratio (16.8x) compared to the DE REITs industry average (9.1x).

PE vs Market: DKG is good value based on its PE Ratio (16.8x) compared to the German market (23.2x).


Price to Earnings Growth Ratio

PEG Ratio: DKG is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: DKG's PB Ratio (1.5x) is in line with the DE REITs industry average.


Next Steps

Future Growth

How is Deutsche Konsum REIT-AG forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

30.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DKG's forecast earnings growth (30.8% per year) is above the savings rate (0.2%).

Earnings vs Market: DKG's earnings (30.8% per year) are forecast to grow faster than the German market (27.2% per year).

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

Revenue vs Market: DKG's revenue (14.7% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: DKG's revenue (14.7% 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 (14.6%).


Next Steps

Past Performance

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

33.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DKG has high quality earnings.

Growing Profit Margin: DKG's current net profit margins (44.7%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: DKG has become profitable over the past 5 years, growing earnings by 33.1% per year.

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

Earnings vs Industry: DKG had negative earnings growth (-45.8%) over the past year, making it difficult to compare to the REITs industry average (-33.7%).


Return on Equity

High ROE: DKG's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: DKG's short term assets (€93.4M) exceed its short term liabilities (€27.0M).

Long Term Liabilities: DKG's short term assets (€93.4M) do not cover its long term liabilities (€499.5M).


Debt to Equity History and Analysis

Debt Level: DKG's debt to equity ratio (132.8%) is considered high.

Reducing Debt: DKG's debt to equity ratio has reduced from 260.1% to 132.8% over the past 5 years.

Debt Coverage: DKG's debt is not well covered by operating cash flow (6%).

Interest Coverage: DKG's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet


Next Steps

Dividend

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

2.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DKG's dividend (2.2%) is higher than the bottom 25% of dividend payers in the German market (1.14%).

High Dividend: DKG's dividend (2.2%) is low compared to the top 25% of dividend payers in the German market (3.72%).


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 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36%), DKG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DKG's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

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

2.7yrs

Average board tenure


CEO

Rolf Elgeti (44 yo)

no data

Tenure

€71,300

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 ($USD86.63K) is below average for companies of similar size in the German market ($USD1.20M).

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


Board Members

NamePositionTenureCompensationOwnership
Hans-Ulrich Sutter
Chairman of Supervisory Boardno datano datano data
Johannes Boot
Member of Supervisory Board4.67yrsno datano data
Kristian Schmidt-Garve
Second Deputy Chairman of Supervisory Board0.75yrno datano data
Achim Betz
First Deputy Chairman of Supervisory Boardno datano datano data
Nicholas Cournoyer
Member of Supervisory Board4.67yrsno datano data
Cathy Bell-Walker
Member of Supervisory Board0.75yrno datano data

2.7yrs

Average Tenure

Experienced Board: DKG's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Deutsche Konsum REIT-AG's company bio, 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
  • Market Cap: €555.464m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DKGDB (Deutsche Boerse AG)YesBearer SharesDEEURDec 2015
DKGXTRA (XETRA Trading Platform)YesBearer SharesDEEURDec 2015
0RDELSE (London Stock Exchange)YesBearer SharesGBEURDec 2015
DKGDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURDec 2015

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 19:53
End of Day Share Price2020/12/03 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.