XTRA:DMRE

Stock Analysis Report

DEMIRE Deutsche Mittelstand Real Estate

Executive Summary

DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and rental of commercial real estate for medium-sized companies in Germany.

Snowflake

Fundamentals

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has DEMIRE Deutsche Mittelstand Real Estate's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

DMRE

1.8%

DE Real Estate

3.9%

DE Market


1 Year Return

29.3%

DMRE

3.0%

DE Real Estate

3.4%

DE Market

Return vs Industry: DMRE exceeded the German Real Estate industry which returned 3% over the past year.

Return vs Market: DMRE exceeded the German Market which returned 3.4% over the past year.


Shareholder returns

DMREIndustryMarket
7 Day0.8%1.8%3.9%
30 Day3.6%7.9%2.1%
90 Day8.4%4.4%3.7%
1 Year29.3%29.3%5.7%3.0%6.7%3.4%
3 Year38.0%38.0%42.8%31.8%18.9%8.6%
5 Year209.0%209.0%138.6%104.5%41.8%22.5%

Price Volatility Vs. Market

How volatile is DEMIRE Deutsche Mittelstand Real Estate's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is DEMIRE Deutsche Mittelstand Real Estate undervalued compared to its fair value and its price relative to the market?

9.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: DMRE (€5.16) is trading above our estimate of fair value (€0.76)

Significantly Undervalued: DMRE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DMRE is good value based on its PE Ratio (9.2x) compared to the Real Estate industry average (13.2x).

PE vs Market: DMRE is good value based on its PE Ratio (9.2x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: DMRE is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: DMRE is good value based on its PB Ratio (1x) compared to the DE Real Estate industry average (1.4x).


Next Steps

Future Growth

How is DEMIRE Deutsche Mittelstand Real Estate forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DMRE's forecast earnings growth (6.8% per year) is above the savings rate (0.2%).

Earnings vs Market: DMRE's earnings (6.8% per year) are forecast to grow slower than the German market (12.6% per year).

High Growth Earnings: DMRE's earnings are forecast to grow, but not significantly.

Revenue vs Market: DMRE's revenue (7.8% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: DMRE's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: DMRE's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

How has DEMIRE Deutsche Mittelstand Real Estate performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DMRE has become profitable over the past 5 years, growing earnings by 11.5% per year.

Accelerating Growth: DMRE's earnings growth over the past year (8.8%) is below its 5-year average (11.5% per year).

Earnings vs Industry: DMRE earnings growth over the past year (8.8%) exceeded the Real Estate industry 2.5%.


Return on Equity

High ROE: DMRE's Return on Equity (10.5%) is considered low.


Return on Assets

ROA vs Industry: DMRE's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: DMRE has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is DEMIRE Deutsche Mittelstand Real Estate's financial position?


Financial Position Analysis

Short Term Liabilities: DMRE's short term assets (€175.9M) exceeds its short term liabilities (€66.3M)

Long Term Liabilities: DMRE's short term assets (175.9M) do not cover its long term liabilities (818.9M)


Debt to Equity History and Analysis

Debt Level: DMRE's debt to equity ratio (116.4%) is considered high

Reducing Debt: DMRE's debt to equity ratio has reduced from 447.7% to 116.4% over the past 5 years.

Debt Coverage: DMRE's debt is not well covered by operating cash flow (5.6%).

Interest Coverage: DMRE's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet

Inventory Level: DMRE has a low level of unsold assets or inventory.

Debt Coverage by Assets: DMRE's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is DEMIRE Deutsche Mittelstand Real Estate's current dividend yield, its reliability and sustainability?

1.16%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Years1.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate DMRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DMRE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if DMRE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DMRE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DMRE's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of DEMIRE Deutsche Mittelstand Real Estate's salary, the management and board of directors tenure and is there insider trading?

0.7yrs

Average management tenure


CEO

Ingo Hartlief (54yo)

0.8yrs

Tenure

0

Mr. Ingo Hartlief, FRICS has been Deputy Chairman of the Supervisory Board at Fair Value REIT-AG since May 20, 2019. Mr. Hartlief served as Chairman of the Management Board and Chief Executive Officer of F ...


Management Age and Tenure

0.7yrs

Average Tenure

41yo

Average Age

Experienced Management: DMRE's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

Experienced Board: DMRE's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Michael Tegeder (40yo)

    Head of Investor Relations & Corporate Finance

    • Tenure: 0.4yrs
  • Ingo Hartlief (54yo)

    CEO & Chairman of Executive Board

    • Tenure: 0.8yrs
  • Tim Brückner (41yo)

    CFO & Member of Executive Board

    • Tenure: 0.7yrs

Board Members

  • Frank Hölzle (51yo)

    Supervisory Board Vice Chairman

    • Tenure: 2.7yrs
  • Alexander Goepfert

    Chairman of Supervisory Board

    • Tenure: 1.3yrs
  • Kerstin Hennig

    Member of Supervisory Board

    • Tenure: 0.4yrs

Company Information

DEMIRE Deutsche Mittelstand Real Estate AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DEMIRE Deutsche Mittelstand Real Estate AG
  • Ticker: DMRE
  • Exchange: XTRA
  • Founded: 2006
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: €556.131m
  • Shares outstanding: 107.78m
  • Website: https://www.demire.ag

Number of Employees


Location

  • DEMIRE Deutsche Mittelstand Real Estate AG
  • Robert-Bosch-Strasse 11
  • Langen
  • Hessen
  • 63225
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DMREDB (Deutsche Boerse AG)YesBearer SharesDEEURJul 2006
DMREXTRA (XETRA Trading Platform)YesBearer SharesDEEURJul 2006
0KG2LSE (London Stock Exchange)YesBearer SharesGBEURJul 2006
DMREdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJul 2006

Biography

DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and rental of commercial real estate for medium-sized companies in Germany. It operates in two segments, Core Portfolio an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:51
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.