XTRA:PBY

Stock Analysis Report

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Market Cap

€264.8m

Last Updated

2021/08/04 21:47 UTC

Data Sources

Company Financials

Executive Summary

publity AG invests in commercial real estate properties in Germany. More Details


Snowflake Analysis

Good value with questionable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PBY is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: PBY's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.


Market Performance


7 Day Return

6.5%

PBY

2.2%

DE Real Estate

0.8%

DE Market


1 Year Return

-39.0%

PBY

12.6%

DE Real Estate

27.3%

DE Market

Return vs Industry: PBY underperformed the German Real Estate industry which returned 12.6% over the past year.

Return vs Market: PBY underperformed the German Market which returned 27.3% over the past year.


Shareholder returns

PBYIndustryMarket
7 Day6.5%2.2%0.8%
30 Day13.9%2.6%0.2%
90 Day6.9%9.5%3.4%
1 Year-39.0%-39.0%15.9%12.6%31.3%27.3%
3 Year119.1%98.7%26.5%17.2%29.4%18.6%
5 Year-21.1%-33.6%56.6%38.1%50.8%29.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PBY (€21.3) is trading below our estimate of fair value (€21.71)

Significantly Below Fair Value: PBY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PBY is good value based on its PE Ratio (4.5x) compared to the German Real Estate industry average (15.7x).

PE vs Market: PBY is good value based on its PE Ratio (4.5x) compared to the German market (25.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Future Growth

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

-9.4%

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 Publity 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.


Past Performance

How has Publity performed over the past 5 years?

58.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: PBY has a large one-off gain of €129.9M impacting its June 30 2020 financial results.

Growing Profit Margin: PBY's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PBY's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare PBY's past year earnings growth to its 5-year average.

Earnings vs Industry: PBY earnings growth over the past year (58.4%) exceeded the Real Estate industry -10.4%.


Return on Equity

High ROE: PBY's Return on Equity (19.2%) is considered low.


Financial Health

How is Publity's financial position?


Financial Position Analysis

Short Term Liabilities: PBY's short term assets (€178.0M) do not cover its short term liabilities (€334.5M).

Long Term Liabilities: PBY's short term assets (€178.0M) do not cover its long term liabilities (€620.6M).


Debt to Equity History and Analysis

Debt Level: PBY's debt to equity ratio (225.9%) is considered high.

Reducing Debt: PBY's debt to equity ratio has increased from 10.3% to 225.9% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if PBY's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Publity current dividend yield, its reliability and sustainability?

7.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PBY's dividend (7.04%) is higher than the bottom 25% of dividend payers in the German market (0.99%).

High Dividend: PBY's dividend (7.04%) is in the top 25% of dividend payers in the German market (3.25%)


Stability and Growth of Payments

Stable Dividend: PBY has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PBY has only been paying a dividend for 5 years, and since then payments have fallen.


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: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Frank Schneider (57 yo)

0.58

Tenure

Mr. Frank Schneider has served as a Member of Supervisory Board at GORE German Office Real Estate AG since July 17, 2019. Mr. Schneider has serves as a Chief Executive Officer at publity AG since January 1...


Leadership Team

Experienced Management: PBY's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: PBY's board of directors are not considered experienced ( 2.6 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

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


Key Information

  • Name: Publity AG
  • Ticker: PBY
  • Exchange: XTRA
  • Founded: 1999
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: €264.766m
  • Shares outstanding: 14.87m
  • Website: https://www.publity.org/de

Number of Employees


Location

  • Publity AG
  • Opernturm
  • Bockenheimer Landsteinerstrasse 2–4
  • Frankfurt am Main
  • Hessen
  • 60306
  • Germany

Listings


Biography

publity AG invests in commercial real estate properties in Germany. It offers asset management services, including services related to the purchase, management, and marketing of properties. The company als...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 21:47
End of Day Share Price2021/08/04 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.