XTRA:TLG

Stock Analysis Report

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Executive Summary

TLG Immobilien AG operates as a commercial real estate company in Germany. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TLG is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TLG's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.0%

TLG

-1.6%

DE Real Estate

0.4%

DE Market


1 Year Return

-22.5%

TLG

-0.8%

DE Real Estate

4.9%

DE Market

Return vs Industry: TLG underperformed the German Real Estate industry which returned -0.8% over the past year.

Return vs Market: TLG underperformed the German Market which returned 4.9% over the past year.


Shareholder returns

TLGIndustryMarket
7 Day2.0%-1.6%0.4%
30 Day-0.5%-1.9%4.8%
90 Day43.8%2.9%12.2%
1 Year-18.2%-22.5%2.1%-0.8%8.2%4.9%
3 Year12.6%-0.4%22.6%13.4%6.5%-2.8%
5 Year61.1%31.3%79.4%58.6%45.0%24.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TLG (€22.98) is trading above our estimate of fair value (€11.4)

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


Price To Earnings Ratio

PE vs Industry: TLG is good value based on its PE Ratio (3.6x) compared to the DE Real Estate industry average (12.3x).

PE vs Market: TLG is good value based on its PE Ratio (3.6x) compared to the German market (24.6x).


Price to Earnings Growth Ratio

PEG Ratio: TLG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TLG is good value based on its PB Ratio (0.7x) compared to the DE Real Estate industry average (1.3x).


Next Steps

Future Growth

How is TLG Immobilien forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-41.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TLG's earnings are forecast to decline over the next 3 years (-41.1% per year).

Earnings vs Market: TLG's earnings are forecast to decline over the next 3 years (-41.1% per year).

High Growth Earnings: TLG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TLG's revenue is expected to decline over the next 3 years (-11.9% per year).

High Growth Revenue: TLG's revenue is forecast to decline over the next 3 years (-11.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TLG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has TLG Immobilien performed over the past 5 years?

38.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TLG has a large one-off gain of €652.8M impacting its September 30 2020 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: TLG's earnings have grown significantly by 38.7% per year over the past 5 years.

Accelerating Growth: TLG's earnings growth over the past year (37.3%) is below its 5-year average (38.7% per year).

Earnings vs Industry: TLG earnings growth over the past year (37.3%) exceeded the Real Estate industry 0.09%.


Return on Equity

High ROE: TLG's Return on Equity (18.7%) is considered low.


Next Steps

  • Explore strong past performing companies in the Real Estate industry.

Financial Health

How is TLG Immobilien's financial position?


Financial Position Analysis

Short Term Liabilities: TLG's short term assets (€957.1M) exceed its short term liabilities (€275.2M).

Long Term Liabilities: TLG's short term assets (€957.1M) do not cover its long term liabilities (€3.1B).


Debt to Equity History and Analysis

Debt Level: TLG's debt to equity ratio (28.7%) is considered satisfactory.

Reducing Debt: TLG's debt to equity ratio has reduced from 94.4% to 28.7% over the past 5 years.

Debt Coverage: TLG's debt is not well covered by operating cash flow (10.5%).

Interest Coverage: TLG's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Next Steps

Dividend

What is TLG Immobilien current dividend yield, its reliability and sustainability?

4.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TLG's dividend (4.18%) is higher than the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: TLG's dividend (4.18%) is in the top 25% of dividend payers in the German market (3.47%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TLG has been paying a dividend for less than 10 years.

Growing Dividend: TLG's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.2%), TLG's dividend payments are well 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?

0.4yrs

Average management tenure


CEO

TLG Immobilien has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Ronny Schneider
Member of the Management Board0.42yrno datano data
Eran Amir
Member of the Management Board0.25yrno datano data
Sabine Pentrop
Head of Corporate Communicationsno datano datano data
Petra Nau
Head of Office of the Management Boardno datano datano data
Simona Schneider
Head of Transaction Management2yrsno datano data

0.4yrs

Average Tenure

Experienced Management: TLG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


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

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


Key Information

  • Name: TLG Immobilien AG
  • Ticker: TLG
  • Exchange: XTRA
  • Founded: 1991
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: €2.589b
  • Shares outstanding: 112.18m
  • Website: https://www.tlg.eu

Number of Employees


Location

  • TLG Immobilien AG
  • Hausvogteiplatz 12
  • Berlin
  • Berlin
  • 10117
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TLGDB (Deutsche Boerse AG)YesRegistered Ordinary SharesDEEUROct 2014
TLGXTRA (XETRA Trading Platform)YesRegistered Ordinary SharesDEEUROct 2014
0R3NLSE (London Stock Exchange)YesRegistered Ordinary SharesGBEUROct 2014
TLGdBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered Ordinary SharesGBEUROct 2014
TLGWBAG (Wiener Boerse AG)YesRegistered Ordinary SharesATEUROct 2014

Biography

TLG Immobilien AG operates as a commercial real estate company in Germany. The company is also involved in the letting, management, acquisition, development, disposal, and renting of office, retail, and ho...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 18:46
End of Day Share Price2021/01/22 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.