publity AG invests in commercial real estate properties in Germany. More Details
Proven track record average dividend payer.
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 not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PBY's weekly volatility (7%) has been stable over the past year.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
Return vs Industry: PBY underperformed the German Real Estate industry which returned 4.6% over the past year.
Return vs Market: PBY underperformed the German Market which returned 2% over the past year.
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
1 month ago | Simply Wall StIs There More To The Story Than publity's (ETR:PBY) Earnings Growth?
3 months ago | Simply Wall StIs publity AG (ETR:PBY) Popular Amongst Insiders?
1 year ago | Simply Wall StShould You Buy publity AG (ETR:PBY) For Its Dividend?
Is publity undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PBY (€32.95) is trading below our estimate of fair value (€39.72)
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 (7x) compared to the DE Real Estate industry average (12.1x).
PE vs Market: PBY is good value based on its PE Ratio (7x) compared to the German market (23.2x).
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 overvalued based on its PB Ratio (1.4x) compared to the DE Real Estate industry average (1.3x).
How is publity forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PBY's forecast earnings growth is above the savings rate (0.2%).
Earnings vs Market: Insufficient data to determine if PBY's earnings are forecast to grow faster than the German market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PBY's revenue (21.1% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: PBY's revenue (21.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PBY's Return on Equity is forecast to be very high in 3 years time (41.8%).
How has publity performed over the past 5 years?
Historical annual 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: PBY's earnings have grown significantly by 38.2% per year over the past 5 years.
Accelerating Growth: PBY's earnings growth over the past year (58.4%) exceeds its 5-year average (38.2% per year).
Earnings vs Industry: PBY earnings growth over the past year (58.4%) exceeded the Real Estate industry 0.09%.
Return on Equity
High ROE: PBY's Return on Equity (19.2%) is considered low.
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 (215.7%) is considered high.
Reducing Debt: PBY's debt to equity ratio has increased from 10.3% to 215.7% 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.
What is publity current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBY's dividend (4.55%) is higher than the bottom 25% of dividend payers in the German market (1.14%).
High Dividend: PBY's dividend (4.55%) is in the top 25% of dividend payers in the German market (3.72%)
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: With its reasonably low payout ratio (32%), PBY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PBY's dividends in 3 years are forecast to be well covered by earnings (31.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Thomas Olek (52 yo)
Mr. Thomas Olek has been the Chairman of Management Board at publity AG since October 9, 2003 and serves as its Chief Executive Officer and Head of Strategy Department. Mr. Olek has been Managing director ...
|Chairman of Management Board||no data||no data||85.66% |
|CFO & Member of Management Board||0.17yr||no data||no data|
|COO & Member of Management Board||2yrs||no data||no data|
|Head of Transaction Management||0.92yr||no data||no data|
|Head of Treasury||0.25yr||no data||no data|
Experienced Management: PBY's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
|Chairman of Supervisory Board||1.92yrs||no data||no data|
|Member of Supervisory Board||1.92yrs||no data||no data|
|Deputy Chairman of the Supervisory Board||1.33yrs||no data||no data|
Experienced Board: PBY's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
publity AG's company bio, employee growth, exchange listings and data sources
- Name: publity AG
- Ticker: PBY
- Exchange: XTRA
- Founded: 1999
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €493.833m
- Shares outstanding: 14.87m
- Website: https://www.publity.org/de
Number of Employees
- publity AG
- Bockenheimer Landsteinerstrasse 2–4
- Frankfurt am Main
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PBY||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Apr 2015|
|PBY||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Apr 2015|
|PBYD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||Apr 2015|
|0VZS||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Apr 2015|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/03 19:11|
|End of Day Share Price||2020/12/03 00:00|
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.