XTRA:DMRE

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DEMIRE Deutsche Mittelstand Real Estate

Executive Summary

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


Snowflake Analysis

Good value with mediocre balance sheet.


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

Stable Share Price: DMRE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

DMRE

-1.0%

DE Real Estate

-0.3%

DE Market


1 Year Return

2.4%

DMRE

12.7%

DE Real Estate

5.9%

DE Market

Return vs Industry: DMRE underperformed the German Real Estate industry which returned 12.7% over the past year.

Return vs Market: DMRE underperformed the German Market which returned 5.9% over the past year.


Shareholder returns

DMREIndustryMarket
7 Day-0.4%-1.0%-0.3%
30 Day6.4%-0.2%2.1%
90 Day25.2%5.1%5.3%
1 Year2.4%2.4%15.4%12.7%8.4%5.9%
3 Year38.4%38.4%33.2%23.5%6.0%-2.6%
5 Year16.9%16.9%86.2%65.0%36.2%17.6%

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?

10.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DMRE (€5.12) is trading above our estimate of fair value (€1.73)

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 (10.6x) compared to the DE Real Estate industry average (12x).

PE vs Market: DMRE is good value based on its PE Ratio (10.6x) compared to the German market (22x).


Price to Earnings Growth Ratio

PEG Ratio: DMRE is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: DMRE is good value based on its PB Ratio (0.9x) compared to the DE Real Estate industry average (1.3x).


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?

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DMRE's forecast earnings growth (15.6% per year) is above the savings rate (0.2%).

Earnings vs Market: DMRE's earnings (15.6% per year) are forecast to grow slower than the German market (27.7% per year).

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

Revenue vs Market: DMRE's revenue is expected to decline over the next 3 years (-7.4% per year).

High Growth Revenue: DMRE's revenue is forecast to decline over the next 3 years (-7.4% 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 (7%).


Next Steps

Past Performance

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

13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DMRE has a large one-off gain of €21.3M impacting its June 30 2020 financial results.

Growing Profit Margin: DMRE's current net profit margins (27.9%) are lower than last year (56.1%).


Past Earnings Growth Analysis

Earnings Trend: DMRE's earnings have grown by 13.7% per year over the past 5 years.

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

Earnings vs Industry: DMRE had negative earnings growth (-3.3%) over the past year, making it difficult to compare to the Real Estate industry average (-3.3%).


Return on Equity

High ROE: DMRE's Return on Equity (9.1%) is considered low.


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 (€117.6M) exceed its short term liabilities (€78.6M).

Long Term Liabilities: DMRE's short term assets (€117.6M) do not cover its long term liabilities (€909.8M).


Debt to Equity History and Analysis

Debt Level: DMRE's debt to equity ratio (117.2%) is considered high.

Reducing Debt: DMRE's debt to equity ratio has reduced from 357.8% to 117.2% over the past 5 years.

Debt Coverage: DMRE's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: DMRE's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

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

3.17%

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.


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Ingo Hartlief (55 yo)

1.75yrs

Tenure

€2,715,000

Compensation

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 ($USD3.21M) is above average for companies of similar size in the German market ($USD1.31M).

Compensation vs Earnings: Insufficient data to compare Ingo's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Ingo Hartlief
CEO & Chairman of Executive Board1.75yrs€2.72mno data
Tim Brückner
CFO & Member of Executive Board1.58yrs€613.20kno data
Michael Tegeder
Head of Investor Relations & Corporate Finance1.33yrsno datano data

1.6yrs

Average Tenure

43yo

Average Age

Experienced Management: DMRE's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Frank Hölzle
Supervisory Board Vice Chairman3.58yrs€60.00k0.0013%
€ 7.2k
Alexander Goepfert
Chairman of Supervisory Board2.25yrs€90.00kno data
Kerstin Hennig
Member of Supervisory Board1.33yrs€17.50kno data

2.3yrs

Average Tenure

Experienced Board: DMRE's board of directors are not considered experienced ( 2.3 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 not been meaningfully diluted in the past year.


Top Shareholders

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: €551.820m
  • 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
MREO.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJul 2006
DMREdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJul 2006

Biography

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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 03:23
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.