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%

XTRA:DMRE

-0.7%

DE Real Estate

1.0%

DE Market


1 Year Return

16.6%

XTRA:DMRE

-10.0%

DE Real Estate

-3.8%

DE Market

DMRE outperformed the Real Estate industry which returned -10% over the past year.

DMRE outperformed the Market in Germany which returned -3.5% over the past year.


Share holder returns

DMREIndustryMarket
7 Day0.8%-0.7%1.0%
30 Day2.0%-3.8%6.8%
90 Day2.7%-9.4%1.4%
1 Year16.6%16.6%-7.6%-10.0%-0.8%-3.8%
3 Year33.0%33.0%25.4%15.7%19.1%8.9%
5 Year197.6%197.6%114.8%84.0%30.6%12.8%

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 based on future cash flows and its price relative to the stock market?

8.93x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

DEMIRE Deutsche Mittelstand Real Estate's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

DEMIRE Deutsche Mittelstand Real Estate's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

DEMIRE Deutsche Mittelstand Real Estate is good value based on earnings compared to the DE Real Estate industry average.

DEMIRE Deutsche Mittelstand Real Estate is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

DEMIRE Deutsche Mittelstand Real Estate earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

DEMIRE Deutsche Mittelstand Real Estate is good value based on assets compared to the DE Real Estate industry average.


Next Steps

Future Growth

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

-1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

DEMIRE Deutsche Mittelstand Real Estate's revenue is expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).

DEMIRE Deutsche Mittelstand Real Estate's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

DEMIRE Deutsche Mittelstand Real Estate's revenue growth is expected to exceed the Germany market average.

DEMIRE Deutsche Mittelstand Real Estate's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.

DEMIRE Deutsche Mittelstand Real Estate's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

DEMIRE Deutsche Mittelstand Real Estate is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

DEMIRE Deutsche Mittelstand Real Estate's year on year earnings growth rate has been positive over the past 5 years.

DEMIRE Deutsche Mittelstand Real Estate's 1-year earnings growth is less than its 5-year average (8.8% vs 11.5%)

DEMIRE Deutsche Mittelstand Real Estate's earnings growth has exceeded the DE Real Estate industry average in the past year (8.8% vs 5.9%).


Return on Equity

DEMIRE Deutsche Mittelstand Real Estate has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

DEMIRE Deutsche Mittelstand Real Estate used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

DEMIRE Deutsche Mittelstand Real Estate has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

DEMIRE Deutsche Mittelstand Real Estate is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

DEMIRE Deutsche Mittelstand Real Estate's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

DEMIRE Deutsche Mittelstand Real Estate's level of debt (116.4%) 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 (447.7% vs 116.4% today).

Debt is not well covered by operating cash flow (5.6%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

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?

1.80%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate DEMIRE Deutsche Mittelstand Real Estate's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate DEMIRE Deutsche Mittelstand Real Estate's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as DEMIRE Deutsche Mittelstand Real Estate has not reported any payouts.

Unable to verify if DEMIRE Deutsche Mittelstand Real Estate's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as DEMIRE Deutsche Mittelstand Real Estate has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).


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?

0.6yrs

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

0.6yrs

Average Tenure

41yo

Average Age

The average tenure for the DEMIRE Deutsche Mittelstand Real Estate management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

The average tenure for the DEMIRE Deutsche Mittelstand Real Estate board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Michael Tegeder (40yo)

    Head of Investor Relations & Corporate Finance

    • Tenure: 0.3yrs
  • Ingo Hartlief (54yo)

    CEO & Chairman of Executive Board

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

    CFO & Member of Executive Board

    • Tenure: 0.6yrs

Board Members

  • Frank Hölzle (51yo)

    Supervisory Board Vice Chairman

    • Tenure: 2.6yrs
  • Alexander Goepfert

    Chairman of Supervisory Board

    • Tenure: 1.3yrs
  • Kerstin Hennig

    Member of Supervisory Board

    • Tenure: 0.3yrs

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: €538.887m
  • 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 Analysis2019/09/16 20:55
End of Day Share Price2019/09/16 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.