XTRA:HAB

Stock Analysis Report

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Executive Summary

HAMBORNER REIT AG is a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. More Details


Snowflake Analysis

Established dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Hamborner REIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HAB is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: HAB's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.6%

HAB

5.1%

DE REITs

-0.09%

DE Market


1 Year Return

-8.6%

HAB

-8.8%

DE REITs

2.5%

DE Market

Return vs Industry: HAB matched the German REITs industry which returned -8.6% over the past year.

Return vs Market: HAB underperformed the German Market which returned 2.3% over the past year.


Shareholder returns

HABIndustryMarket
7 Day1.6%5.1%-0.09%
30 Day1.7%0.5%2.3%
90 Day12.1%-2.0%11.4%
1 Year-3.6%-8.6%-5.7%-8.8%5.8%2.5%
3 Year5.5%-9.4%25.8%12.4%3.3%-5.8%
5 Year31.4%2.0%13.4%-3.1%40.8%20.9%

Long-Term Price Volatility Vs. Market

How volatile is Hamborner REIT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hamborner REIT undervalued compared to its fair value and its price relative to the market?

37.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HAB (€9.13) is trading below our estimate of fair value (€14.68)

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


Price To Earnings Ratio

PE vs Industry: HAB is poor value based on its PE Ratio (270.3x) compared to the DE REITs industry average (9.2x).

PE vs Market: HAB is poor value based on its PE Ratio (270.3x) compared to the German market (24.5x).


Price to Earnings Growth Ratio

PEG Ratio: HAB is poor value based on its PEG Ratio (5.1x)


Price to Book Ratio

PB vs Industry: HAB's PB Ratio (1.4x) is in line with the DE REITs industry average.


Next Steps

Future Growth

How is Hamborner REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

53.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAB's forecast earnings growth (53.5% per year) is above the savings rate (0.07%).

Earnings vs Market: HAB's earnings (53.5% per year) are forecast to grow faster than the German market (25.2% per year).

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

Revenue vs Market: HAB's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: HAB's revenue is forecast to decline over the next 3 years (-0.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HAB's Return on Equity is forecast to be low in 3 years time (11%).


Next Steps

Past Performance

How has Hamborner REIT performed over the past 5 years?

-5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAB has a large one-off loss of €17.2M impacting its September 30 2020 financial results.

Growing Profit Margin: HAB's current net profit margins (2.6%) are lower than last year (19.9%).


Past Earnings Growth Analysis

Earnings Trend: HAB's earnings have declined by 5.5% per year over the past 5 years.

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

Earnings vs Industry: HAB had negative earnings growth (-86.4%) over the past year, making it difficult to compare to the REITs industry average (-8.7%).


Return on Equity

High ROE: HAB's Return on Equity (0.5%) is considered low.


Next Steps

Financial Health

How is Hamborner REIT's financial position?


Financial Position Analysis

Short Term Liabilities: HAB's short term assets (€64.3M) do not cover its short term liabilities (€105.0M).

Long Term Liabilities: HAB's short term assets (€64.3M) do not cover its long term liabilities (€687.2M).


Debt to Equity History and Analysis

Debt Level: HAB's debt to equity ratio (146%) is considered high.

Reducing Debt: HAB's debt to equity ratio has increased from 89% to 146% over the past 5 years.

Debt Coverage: HAB's debt is not well covered by operating cash flow (9.3%).

Interest Coverage: HAB's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Hamborner REIT current dividend yield, its reliability and sustainability?

5.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HAB's dividend (5.15%) is higher than the bottom 25% of dividend payers in the German market (1.02%).

High Dividend: HAB's dividend (5.15%) is in the top 25% of dividend payers in the German market (3.46%)


Stability and Growth of Payments

Stable Dividend: HAB's dividends per share have been stable in the past 10 years.

Growing Dividend: HAB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as HAB has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: HAB's dividends in 3 years are forecast to be covered by earnings (70% payout ratio).


Next Steps

Management

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

8.0yrs

Average management tenure


CEO

Niclas Karoff (49 yo)

0.83

Tenure

Mr. Niclas Karoff has been the Chief Executive Officer and Member of the Management Board at Hamborner REIT AG since March 1, 2020. Mr. Karoff has been the Chief Financial Officer at HSH Real Estate AG sin...


Leadership Team

NamePositionTenureCompensationOwnership
Hans Schmitz
Director-Asset Mgmt.Tech/Maintenance12.08yrs€603.00kno data
Niclas Karoff
CEO & Chairman of Management Board0.83yrno datano data
Christoph Heitmann
Head of Investor & Public Relationsno datano datano data
Hans-Bernd Prior
Executive8yrsno datano data

8.0yrs

Average Tenure

Experienced Management: HAB's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ulrich Graebner
Independent Supervisory Board Member1.67yrs€21.10kno data
Claus-Matthias Boge
Independent Deputy Chairman of Supervisory Board Member0.25yr€40.00kno data
Eckart von Freyend
Honorary Chairman of the Supervisory Board2.75yrsno datano data
Christel Kaufmann-Hocker
Independent Supervisory Board Member10.58yrs€30.00kno data
Mechthilde Dordel
Employee Representative Member of Supervisory Board10.58yrs€25.00kno data
Andreas Mattner
Independent Supervisory Board Chairman0.25yr€43.80kno data
Rolf Glessing
Independent Member of the Supervisory Board2.75yrs€32.50kno data
Maria Dreo
Supervisory Board Member0.25yrno datano data
Klaus Hogeweg
Member of Supervisory Board1yrno datano data
Johannes Weller
Member of Supervisory Board1yrno datano data

1.3yrs

Average Tenure

57yo

Average Age

Experienced Board: HAB's board of directors are not considered experienced ( 1.3 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

Hamborner REIT AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hamborner REIT AG
  • Ticker: HAB
  • Exchange: XTRA
  • Founded:
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: €731.582m
  • Shares outstanding: 80.58m
  • Website: https://www.hamborner.de

Number of Employees


Location

  • Hamborner REIT AG
  • Goethestrasse 45
  • Duisburg
  • 47166
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HABDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
HABXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
0MCGLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
HANB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
HABDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
HABSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
HABWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992

Biography

HAMBORNER REIT AG is a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 19:11
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
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.