DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany.
Fair value with acceptable track record.
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
Stable Share Price: DMRE's share price has been volatile over the past 3 months.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
Return vs Industry: DMRE underperformed the German Real Estate industry which returned -9.7% over the past year.
Return vs Market: DMRE underperformed the German Market which returned -4.5% over the past year.
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
1 month ago | Simply Wall StDEMIRE Deutsche Mittelstand Real Estate (ETR:DMRE) Takes On Some Risk With Its Use Of Debt
2 months ago | Simply Wall StHere's How P/E Ratios Can Help Us Understand DEMIRE Deutsche Mittelstand Real Estate AG (ETR:DMRE)
Is DEMIRE Deutsche Mittelstand Real Estate undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DMRE (€4.24) is trading above our estimate of fair value (€1.13)
Significantly Below Fair Value: 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 (6x) compared to the Real Estate industry average (10.3x).
PE vs Market: DMRE is good value based on its PE Ratio (6x) compared to the German market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: DMRE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: DMRE is good value based on its PB Ratio (0.7x) compared to the DE Real Estate industry average (1.3x).
How is DEMIRE Deutsche Mittelstand Real Estate forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DMRE's earnings are forecast to decline over the next 3 years (-9% per year).
Earnings vs Market: DMRE's earnings are forecast to decline over the next 3 years (-9% per year).
High Growth Earnings: DMRE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: DMRE's revenue is expected to decline over the next 3 years (-5.2% per year).
High Growth Revenue: DMRE's revenue is forecast to decline over the next 3 years (-5.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DMRE's Return on Equity is forecast to be low in 3 years time (6.1%).
How has DEMIRE Deutsche Mittelstand Real Estate performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DMRE has a large one-off gain of €50.4M impacting its March 31 2020 financial results.
Growing Profit Margin: DMRE's current net profit margins (47.9%) are lower than last year (53.7%).
Past Earnings Growth Analysis
Earnings Trend: DMRE's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: DMRE's earnings growth over the past year (54%) exceeds its 5-year average (10.6% per year).
Earnings vs Industry: DMRE earnings growth over the past year (54%) exceeded the Real Estate industry 11.3%.
Return on Equity
High ROE: DMRE's Return on Equity (13.1%) is considered low.
How is DEMIRE Deutsche Mittelstand Real Estate's financial position?
Financial Position Analysis
Short Term Liabilities: DMRE's short term assets (€150.7M) exceed its short term liabilities (€110.4M).
Long Term Liabilities: DMRE's short term assets (€150.7M) do not cover its long term liabilities (€911.6M).
Debt to Equity History and Analysis
Debt Level: DMRE's debt to equity ratio (118.3%) is considered high.
Reducing Debt: DMRE's debt to equity ratio has reduced from 516.6% to 118.3% over the past 5 years.
Debt Coverage: DMRE's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: DMRE's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is DEMIRE Deutsche Mittelstand Real Estate's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DMRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DMRE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ingo Hartlief (54yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: Ingo's total compensation ($USD2.96M) is above average for companies of similar size in the German market ($USD1.08M).
Compensation vs Earnings: Insufficient data to compare Ingo's compensation with company performance.
|CEO & Chairman of Executive Board||1.42yrs||€2.72m||no data|
|CFO & Member of Executive Board||1.25yrs||€613.20k||no data|
|Head of Investor Relations & Corporate Finance||1yr||no data||no data|
Experienced Management: DMRE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Supervisory Board Vice Chairman||3.25yrs||€60.00k||0.0013% €5.9k|
|Chairman of Supervisory Board||1.92yrs||€90.00k||no data|
|Member of Supervisory Board||1yr||€17.50k||no data|
Experienced Board: DMRE's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
DEMIRE Deutsche Mittelstand Real Estate AG's company bio, employee growth, exchange listings and data sources
- Name: DEMIRE Deutsche Mittelstand Real Estate AG
- Ticker: DMRE
- Exchange: XTRA
- Founded: 2006
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €456.976m
- Shares outstanding: 107.78m
- Website: https://www.demire.ag
Number of Employees
- DEMIRE Deutsche Mittelstand Real Estate AG
- Robert-Bosch-Straße 11
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DMRE||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Jul 2006|
|DMRE||XTRA (XETRA Trading Platform)||Yes||Bearer Shares||DE||EUR||Jul 2006|
|0KG2||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||EUR||Jul 2006|
|MREO.F||OTCPK (Pink Sheets LLC)||Yes||Bearer Shares||US||USD||Jul 2006|
|DMREd||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Bearer Shares||GB||EUR||Jul 2006|
DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany. It operates through two segments, Core Portfolio and Fair Value REIT. The company offers office, retail, and logistic properties. As of December 31, 2019, it had a real estate portfolio of 90 commercial properties with a rentable building space of approximately 1.1 million square meters. The company was formerly known as MAGNAT Real Estate AG and changed its name to DEMIRE Deutsche Mittelstand Real Estate AG in June 2013. DEMIRE Deutsche Mittelstand Real Estate AG was founded in 2006 and is headquartered in Langen, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/24 21:58|
|End of Day Share Price||2020/05/22 00:00|
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.