XTRA:INS

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Instone Real Estate Group

Executive Summary

Instone Real Estate Group AG, together with its subsidiaries, develops residential real estate properties in Germany. More Details


Snowflake Analysis

Exceptional growth potential with adequate balance sheet.

Share Price & News

How has Instone Real Estate Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INS is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: INS's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-3.7%

INS

-0.3%

DE Real Estate

0.4%

DE Market


1 Year Return

4.3%

INS

5.4%

DE Real Estate

2.3%

DE Market

Return vs Industry: INS matched the German Real Estate industry which returned 4.6% over the past year.

Return vs Market: INS exceeded the German Market which returned 2% over the past year.


Shareholder returns

INSIndustryMarket
7 Day-3.7%-0.3%0.4%
30 Day14.8%3.2%9.4%
90 Day-1.4%0.4%4.0%
1 Year10.5%4.3%8.1%5.4%5.6%2.3%
3 Yearn/a21.2%12.1%4.4%-4.7%
5 Yearn/a72.9%53.0%26.8%9.0%

Long-Term Price Volatility Vs. Market

How volatile is Instone Real Estate Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Instone Real Estate Group undervalued compared to its fair value and its price relative to the market?

13.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INS (€20.6) is trading above our estimate of fair value (€9.44)

Significantly Below Fair Value: INS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: INS is poor value based on its PE Ratio (13.5x) compared to the DE Real Estate industry average (12.1x).

PE vs Market: INS is good value based on its PE Ratio (13.5x) compared to the German market (23.2x).


Price to Earnings Growth Ratio

PEG Ratio: INS is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: INS is overvalued based on its PB Ratio (1.8x) compared to the DE Real Estate industry average (1.3x).


Next Steps

Future Growth

How is Instone Real Estate Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

40.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INS's forecast earnings growth (40.1% per year) is above the savings rate (0.2%).

Earnings vs Market: INS's earnings (40.1% per year) are forecast to grow faster than the German market (27.2% per year).

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

Revenue vs Market: INS's revenue (38.6% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: INS's revenue (38.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INS's Return on Equity is forecast to be high in 3 years time (23.6%)


Next Steps

Past Performance

How has Instone Real Estate Group performed over the past 5 years?

70.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INS has a high level of non-cash earnings.

Growing Profit Margin: INS's current net profit margins (11.7%) are higher than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: INS has become profitable over the past 5 years, growing earnings by 70.4% per year.

Accelerating Growth: INS's earnings growth over the past year (10.9%) is below its 5-year average (70.4% per year).

Earnings vs Industry: INS earnings growth over the past year (10.9%) exceeded the Real Estate industry 0.09%.


Return on Equity

High ROE: INS's Return on Equity (11.4%) is considered low.


Next Steps

Financial Health

How is Instone Real Estate Group's financial position?


Financial Position Analysis

Short Term Liabilities: INS's short term assets (€1.2B) exceed its short term liabilities (€408.5M).

Long Term Liabilities: INS's short term assets (€1.2B) exceed its long term liabilities (€338.2M).


Debt to Equity History and Analysis

Debt Level: INS's debt to equity ratio (107.8%) is considered high.

Reducing Debt: INS's debt to equity ratio has reduced from 965.2% to 107.8% over the past 5 years.

Debt Coverage: INS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: INS's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Instone Real Estate Group current dividend yield, its reliability and sustainability?

4.23%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate INS'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 INS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INS'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 INS'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?

1.7yrs

Average board tenure


CEO

Kruno Crepulja (49 yo)

no data

Tenure

€1,087,000

Compensation

Mr. Kruno Crepulja serves as the CEO and Chairman of Management Board at Instone Real Estate Group AG. Mr. Crepulja served as the Chief Executive Officer of Formart GmbH & Co. KG. He serves as the CEO of I...


CEO Compensation Analysis

Compensation vs Market: Kruno's total compensation ($USD1.32M) is about average for companies of similar size in the German market ($USD1.20M).

Compensation vs Earnings: Kruno's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Jochen Scharpe
Independent Deputy Chairman of the Supervisory Boardno data€120.00kno data
Dietmar Binkowska
Independent Member of the Supervisory Board1.67yrs€46.00kno data
Stefan Brendgen
Independent Chairman of the Supervisory Boardno data€138.60kno data
Thomas Hegel
Independent Member of the Supervisory Board1.67yrs€52.20kno data
Marija Korsch
Independent Member of the Supervisory Board2.83yrs€68.80kno data

1.7yrs

Average Tenure

61yo

Average Age

Experienced Board: INS's board of directors are not considered experienced ( 1.7 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 been diluted in the past year, with total shares outstanding growing by 27%.


Top Shareholders

Company Information

Instone Real Estate Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Instone Real Estate Group AG
  • Ticker: INS
  • Exchange: XTRA
  • Founded: 1991
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: €967.960m
  • Shares outstanding: 46.99m
  • Website: https://www.instone.de

Number of Employees


Location

  • Instone Real Estate Group AG
  • Grugaplatz 2-4
  • Essen
  • North Rhine-Westphalia
  • 45131
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INSDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURFeb 2018
0ZQ7LSE (London Stock Exchange)YesBearer SharesGBEURFeb 2018
INSDB (Deutsche Boerse AG)YesBearer SharesDEEURFeb 2018
INSXTRA (XETRA Trading Platform)YesBearer SharesDEEURFeb 2018

Biography

Instone Real Estate Group AG, together with its subsidiaries, develops residential real estate properties in Germany. The company develops residential and apartment buildings, as well as publicly subsidize...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 19:55
End of Day Share Price2020/12/03 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.