Loading...

Plazza

DB:2PZ
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2PZ
DB
CHF503M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Plazza AG plans, builds, manages, and markets real estate properties and projects in Switzerland. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
2PZ Share Price and Events
7 Day Returns
0.5%
DB:2PZ
-1.4%
DE Real Estate
2.3%
DE Market
1 Year Returns
13.2%
DB:2PZ
8.7%
DE Real Estate
-7.2%
DE Market
2PZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Plazza (2PZ) 0.5% 2.9% 8% 13.2% 10.9% -
DE Real Estate -1.4% -4.1% 1.9% 8.7% 39.3% 130%
DE Market 2.3% 3.1% 8.8% -7.2% 9.3% 12.3%
1 Year Return vs Industry and Market
  • 2PZ outperformed the Real Estate industry which returned 8.7% over the past year.
  • 2PZ outperformed the Market in Germany which returned -7.2% over the past year.
Price Volatility
2PZ
Industry
5yr Volatility vs Market

Value

 Is Plazza undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Plazza to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Plazza.

DB:2PZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2PZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.096 (1 + (1- 18%) (0%))
1.064
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.064 * 5.96%)
6.57%

Discounted Cash Flow Calculation for DB:2PZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Plazza is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2PZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 6.57%)
2019 17.61 Est @ 20.92% 16.52
2020 20.20 Est @ 14.71% 17.79
2021 22.29 Est @ 10.37% 18.42
2022 23.93 Est @ 7.33% 18.55
2023 25.17 Est @ 5.2% 18.31
2024 26.10 Est @ 3.71% 17.82
2025 26.80 Est @ 2.66% 17.16
2026 27.32 Est @ 1.93% 16.42
2027 27.70 Est @ 1.42% 15.62
2028 28.00 Est @ 1.06% 14.82
Present value of next 10 years cash flows CHF171.43
DB:2PZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF28.00 × (1 + 0.23%) ÷ (6.57% – 0.23%)
CHF442.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF442.42 ÷ (1 + 6.57%)10
CHF234.12
DB:2PZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF171.43 + CHF234.12
CHF405.55
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF405.55 / 2.07
CHF195.92
DB:2PZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2PZ represents 0.8642x of SWX:PLAN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8642x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 195.92 x 0.8642
€169.31
Value per share (EUR) From above. €169.31
Current discount Discount to share price of €210.00
= -1 x (€210.00 - €169.31) / €169.31
-24%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Plazza is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Plazza's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Plazza's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2PZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF11.39
SWX:PLAN Share Price ** SWX (2019-04-17) in CHF CHF243
Germany Real Estate Industry PE Ratio Median Figure of 32 Publicly-Listed Real Estate Companies 16.49x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.43x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Plazza.

DB:2PZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:PLAN Share Price ÷ EPS (both in CHF)

= 243 ÷ 11.39

21.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plazza is overvalued based on earnings compared to the DE Real Estate industry average.
  • Plazza is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Plazza's expected growth come at a high price?
Raw Data
DB:2PZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
24.1%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.55x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Plazza, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Plazza's assets?
Raw Data
DB:2PZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF271.57
SWX:PLAN Share Price * SWX (2019-04-17) in CHF CHF243
Germany Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.37x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:2PZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:PLAN Share Price ÷ Book Value per Share (both in CHF)

= 243 ÷ 271.57

0.89x

* Primary Listing of Plazza.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plazza is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Plazza's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Plazza has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Plazza expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Plazza, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Plazza expected to grow at an attractive rate?
  • Plazza's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Plazza's earnings growth is expected to exceed the Germany market average.
  • Plazza's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2PZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2PZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 24.1%
DB:2PZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.9%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -6.2%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -4.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2PZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2PZ Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 26 1
2020-12-31 26 1
2019-12-31 25 1
DB:2PZ Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 21 15 24
2018-09-30 19 12 22
2018-06-30 17 10 21
2018-03-31 17 9 19
2017-12-31 16 9 17
2017-09-30 16 9 18
2017-06-30 16 8 19
2017-03-31 15 8 19
2016-12-31 15 8 19
2016-09-30 16 8 21
2016-06-30 17 9 22
2016-03-31 18 9 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Plazza's earnings are expected to grow significantly at over 20% yearly.
  • Plazza's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2PZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Plazza Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2PZ Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
DB:2PZ Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 11.39
2018-09-30 10.69
2018-06-30 10.00
2018-03-31 9.10
2017-12-31 8.20
2017-09-30 8.79
2017-06-30 9.38
2017-03-31 9.40
2016-12-31 9.41
2016-09-30 9.95
2016-06-30 10.48
2016-03-31 13.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Plazza is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Plazza's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Plazza has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Plazza performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Plazza's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Plazza's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Plazza's 1-year earnings growth exceeds its 5-year average (39% vs -10.5%)
  • Plazza's earnings growth has exceeded the DE Real Estate industry average in the past year (39% vs 5.1%).
Earnings and Revenue History
Plazza's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Plazza Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2PZ Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 21.02 23.58 2.98
2018-09-30 19.08 22.14 2.95
2018-06-30 17.14 20.70 2.91
2018-03-31 16.63 18.83 2.83
2017-12-31 16.12 16.97 2.75
2017-09-30 15.91 18.19 2.67
2017-06-30 15.70 19.41 2.60
2017-03-31 15.45 19.45 2.53
2016-12-31 15.20 19.49 2.46
2016-09-30 15.91 20.59 2.71
2016-06-30 16.62 21.69 2.96
2016-03-31 17.70 27.54 2.84
2015-12-31 18.77 33.39 2.72
2015-09-30 19.06 33.28 2.26
2015-06-30 19.34 33.17 1.80
2015-03-31 19.27 26.53 1.78
2014-12-31 19.20 19.88 1.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Plazza has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Plazza used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Plazza has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Plazza's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Plazza has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Plazza's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Plazza's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Plazza is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Plazza's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Plazza's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Plazza has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Plazza Company Filings, last reported 3 months ago.

DB:2PZ Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 562.15 0.00 31.41
2018-09-30 562.15 0.00 31.41
2018-06-30 550.11 0.00 25.84
2018-03-31 550.11 0.00 25.84
2017-12-31 546.85 0.00 57.39
2017-09-30 546.85 0.00 57.39
2017-06-30 537.70 0.00 78.04
2017-03-31 537.70 0.00 78.04
2016-12-31 536.09 0.00 91.75
2016-09-30 536.09 0.00 91.75
2016-06-30 524.49 0.00 94.33
2016-03-31 524.49 0.00 94.33
2015-12-31 522.81 0.00 108.11
2015-09-30 522.81 0.00 108.11
2015-06-30 509.01 0.00 103.32
2015-03-31 509.01 0.00 103.32
2014-12-31 489.41 15.45 116.49
  • Plazza has no debt.
  • Plazza currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Plazza has no debt, it does not need to be covered by operating cash flow.
  • Plazza has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Plazza's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Plazza has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.06%
Current annual income from Plazza dividends. Estimated to be 2.47% next year.
If you bought €2,000 of Plazza shares you are expected to receive €41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Plazza's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Plazza's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Plazza before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2PZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2PZ Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 6.00 1.00
2020-12-31 6.00 1.00
2019-12-31 6.00 1.00
DB:2PZ Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-22 5.000 2.068
2018-03-28 4.000 1.780
2017-04-07 3.000 1.309
2016-04-22 3.000 1.315

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Plazza has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Plazza only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Plazza's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Plazza's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Plazza afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Plazza has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Plazza's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ralph Siegle
COMPENSATION CHF448,500
AGE 59
CEO Bio

Mr. Ralph Siegle, Fed.dipl., serves as the Chief Executive Officer at Plazza AG (formerly Plazza Immobilien Ag). Mr. Siegle served as Head of Real Estate - In real estate management and Other Industrial Activities at Conzzeta Holding AG. since 2003 and served as a Member of Executive Board at Conzzeta Holding Ag. Mr. Siegle was a Senior Executive at several large companies and worked in the field of real estate management.

CEO Compensation
  • Ralph's compensation has been consistent with company performance over the past year.
  • Ralph's remuneration is lower than average for companies of similar size in Germany.
Management Team

Ralph Siegle

TITLE
Chief Executive Officer
COMPENSATION
CHF449K
AGE
59

Thomas Casata

TITLE
Chief Financial Officer
AGE
53

Marcel Gilgen

TITLE
Head of Project Development
AGE
53
Board of Directors

Markus Kellenberger

TITLE
Chairman of the Board
COMPENSATION
CHF150K

Jacob Schmidheiny

TITLE
Member of the Board
COMPENSATION
CHF72K
AGE
75

Lauric Barbier

TITLE
Member of the Board
COMPENSATION
CHF75K

Martin Byland

TITLE
Member of the Board
COMPENSATION
CHF75K

Dominik Weber

TITLE
Member of the Board
COMPENSATION
CHF75K

Stephan Beier

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Plazza's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Plazza has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Plazza AG plans, builds, manages, and markets real estate properties and projects in Switzerland. It has a portfolio of residential, commercial, and office buildings, as well as garage/parking spaces. The company also provides property management services for third parties. Plazza AG is based in Zurich, Switzerland.

Details
Name: Plazza AG
2PZ
Exchange: DB
Founded:
CHF441,033,985
2,070,000
Website: http://www.plazza.ch
Address: Plazza AG
Sieberstrasse 5,
Zurich,
Zurich, 8055,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX PLAN Class A Shares SIX Swiss Exchange CH CHF 26. Jun 2015
DB 2PZ Class A Shares Deutsche Boerse AG DE EUR 26. Jun 2015
LSE 0R8X Class A Shares London Stock Exchange GB CHF 26. Jun 2015
Number of employees
Current staff
Staff numbers
14
Plazza employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 23:31
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2019/03/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.