DB:AT1

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Aroundtown SA, together with its subsidiaries, operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.


Snowflake Analysis

Good value with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: AT1 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

AT1

-1.5%

DE Real Estate

0.2%

DE Market


1 Year Return

-28.5%

AT1

6.5%

DE Real Estate

4.5%

DE Market

Return vs Industry: AT1 underperformed the German Real Estate industry which returned 6.5% over the past year.

Return vs Market: AT1 underperformed the German Market which returned 4.5% over the past year.


Shareholder returns

AT1IndustryMarket
7 Day-1.2%-1.5%0.2%
30 Day-5.5%0.7%6.4%
90 Day6.2%15.7%16.9%
1 Year-28.5%-28.5%8.9%6.5%6.8%4.5%
3 Yearn/a38.2%28.0%3.0%-5.0%
5 Yearn/a94.9%71.2%9.9%-4.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AT1 (€5.25) is trading above our estimate of fair value (€3.63)

Significantly Below Fair Value: AT1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AT1 is good value based on its PE Ratio (5.9x) compared to the DE Real Estate industry average (11.8x).

PE vs Market: AT1 is good value based on its PE Ratio (5.9x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: AT1 is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: AT1 is good value based on its PB Ratio (0.5x) compared to the DE Real Estate industry average (1.4x).


Next Steps

Future Growth

How is Aroundtown forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

26.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AT1's forecast earnings growth (26.4% per year) is above the savings rate (0.2%).

Earnings vs Market: AT1's earnings (26.4% per year) are forecast to grow faster than the German market (22.3% per year).

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

Revenue vs Market: AT1's revenue (11.7% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: AT1's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AT1's Return on Equity is forecast to be low in 3 years time (6.2%).


Next Steps

Past Performance

How has Aroundtown performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AT1 has a large one-off gain of €1.3B impacting its March 31 2020 financial results.

Growing Profit Margin: AT1's current net profit margins (90.2%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: AT1's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: AT1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AT1 had negative earnings growth (-36.7%) over the past year, making it difficult to compare to the Real Estate industry average (8.4%).


Return on Equity

High ROE: AT1's Return on Equity (9.3%) is considered low.


Next Steps

Financial Health

How is Aroundtown's financial position?


Financial Position Analysis

Short Term Liabilities: AT1's short term assets (€3.8B) exceed its short term liabilities (€1.4B).

Long Term Liabilities: AT1's short term assets (€3.8B) do not cover its long term liabilities (€14.6B).


Debt to Equity History and Analysis

Debt Level: AT1's debt to equity ratio (76.8%) is considered high.

Reducing Debt: AT1's debt to equity ratio has increased from 37.1% to 76.8% over the past 5 years.

Debt Coverage: AT1's debt is not well covered by operating cash flow (5.3%).

Interest Coverage: AT1's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet


Next Steps

Dividend

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

6.31%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AT1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AT1'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 AT1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AT1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AT1 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AT1'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?

2.8yrs

Average board tenure


CEO

Shmuel Mayo (59yo)

no data

Tenure

€595,000

Compensation

Mr. Shmuel Mayo serves as the Chief Executive Officer of Aroundtown SA. Mr. Mayo has been the General Manager of Dankner Investment Ltd. since May 2000. He served as the Chief Executive Officer of the Dank ...


CEO Compensation Analysis

Compensation vs Market: Shmuel's total compensation ($USD676.21K) is below average for companies of similar size in the German market ($USD3.68M).

Compensation vs Earnings: Insufficient data to compare Shmuel's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Jelena Afxentiou
Executive Director6.17yrs€561.00kno data
Oschrie Massatschi
Executive Director3.67yrs€619.00kno data
Frank Roseen
Executive Director2.83yrs€500.00kno data
Gerhard Cromme
Chairman of the Advisory Board2.08yrsno datano data
Claudio Jarczyk
Member of Advisory Board2.92yrsno datano data
Yakir Gabay
Deputy Chairman of Advisory Board2.5yrsno data3.1% 217.8m
David Maimon
Member of Advisory Board1.5yrsno datano data
Markus Leininger
Independent Director3.42yrs€100.00kno data
Simone Runge-Brandner
Independent Director0.58yrno datano data
Markus Kreuter
Independent Director2.83yrs€100.00kno data
Ran Laufer
Non Executive Director0.58yrno datano data

2.8yrs

Average Tenure

49yo

Average Age

Experienced Board: AT1's board of directors are not considered experienced ( 2.8 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 19.4%.


Top Shareholders

Company Information

Aroundtown SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aroundtown SA
  • Ticker: AT1
  • Exchange: DB
  • Founded: 2004
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: €7.032b
  • Shares outstanding: 1.35b
  • Website: https://www.aroundtown.de

Number of Employees


Location

  • Aroundtown SA
  • 40, Rue du Curé
  • Luxembourg City
  • 1368
  • Luxembourg

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RUHLSE (London Stock Exchange)YesOrdinary SharesGBEURSep 2017
AT1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2017
AT1XTRA (XETRA Trading Platform)YesOrdinary SharesDEEURSep 2017
AT1DBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 2017
TOWNWBAG (Wiener Boerse AG)YesOrdinary SharesATEURSep 2017
ARTWSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFSep 2017
AANN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2017
AT1ETLX (Eurotlx)YesOrdinary SharesITEURSep 2017

Biography

Aroundtown SA, together with its subsidiaries, operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally. It invests in commercial and residential real estate properties, such as office, hotel, logistics, wholesale, retail, and other properties. The company was formerly known as Aroundtown Property Holdings PLC and changed its name to Aroundtown SA in September 2017. Aroundtown SA was founded in 2004 and is based in Luxembourg City, Luxembourg. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:40
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
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.