XTRA:IC8

Stock Analysis Report

Executive Summary

InCity Immobilien AG invests in real estate projects in the metropolitan regions of Germany.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has InCity Immobilien's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IC8 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

IC8

9.8%

DE Real Estate

9.9%

DE Market


1 Year Return

-9.7%

IC8

-17.0%

DE Real Estate

-17.5%

DE Market

Return vs Industry: IC8 exceeded the German Real Estate industry which returned -19.9% over the past year.

Return vs Market: IC8 exceeded the German Market which returned -17.7% over the past year.


Shareholder returns

IC8IndustryMarket
7 Day0%9.8%9.9%
30 Day-8.1%-15.7%-16.6%
90 Day-8.9%-15.6%-24.8%
1 Year-9.7%-9.7%-14.7%-17.0%-15.0%-17.5%
3 Year-5.8%-5.8%26.7%17.0%-17.4%-24.5%
5 Year-4.0%-5.1%58.7%35.9%-16.6%-28.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is InCity Immobilien undervalued compared to its fair value and its price relative to the market?

1.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IC8's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IC8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IC8 is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: IC8 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IC8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IC8 is good value based on its PB Ratio (1x) compared to the DE Real Estate industry average (1.3x).


Next Steps

Future Growth

How is InCity Immobilien forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-14.0%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as InCity Immobilien has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has InCity Immobilien performed over the past 5 years?

26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IC8 is currently unprofitable.

Growing Profit Margin: IC8 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IC8 is unprofitable, but has reduced losses over the past 5 years at a rate of 26.8% per year.

Accelerating Growth: Unable to compare IC8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IC8 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (9%).


Return on Equity

High ROE: IC8 has a negative Return on Equity (-0.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is InCity Immobilien's financial position?


Financial Position Analysis

Short Term Liabilities: IC8's short term assets (€20.1M) exceed its short term liabilities (€12.2M).

Long Term Liabilities: IC8's short term assets (€20.1M) do not cover its long term liabilities (€94.4M).


Debt to Equity History and Analysis

Debt Level: IC8's debt to equity ratio (116.4%) is considered high.

Reducing Debt: IC8's debt to equity ratio has reduced from 544.7% to 116.4% over the past 5 years.


Balance Sheet

Inventory Level: IC8 has a high level of physical assets or inventory.

Debt Coverage by Assets: IC8's debt is not covered by short term assets (assets are 0.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if IC8 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if IC8 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is InCity Immobilien's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IC8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IC8's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IC8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IC8's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: IC8 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IC8'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?


CEO

Michael Freund (47yo)

4.92s

Tenure

Mr. Michael Freund has been the Chairman and served as Chief Financial Officer of InCity Immobilien AG since December 2012 and has been its Chief Executive Officer since April 01, 2015. Mr. Frund served as ...


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

InCity Immobilien AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: InCity Immobilien AG
  • Ticker: IC8
  • Exchange: XTRA
  • Founded: 2005
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: €87.683m
  • Shares outstanding: 85.96m
  • Website: https://www.incity.ag

Number of Employees


Location

  • InCity Immobilien AG
  • Beethovenstrasse 71
  • Frankfurt am Main
  • Hessen
  • 60325
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IC8DB (Deutsche Boerse AG)YesCommon StockDEEURMar 2007
IC8XTRA (XETRA Trading Platform)YesCommon StockDEEURMar 2007

Biography

InCity Immobilien AG invests in real estate projects in the metropolitan regions of Germany. It primarily invests in commercial real estate projects, including office and retail space; and residential projects. The company was founded in 2005 and is headquartered in Frankfurt am Main, Germany. InCity Immobilien AG is a subsidiary of Haron Holding AG. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 22:11
End of Day Share Price2020/03/30 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.