DB:DEF

Stock Analysis Report

DEFAMA Deutsche Fachmarkt

Executive Summary

DEFAMA Deutsche Fachmarkt AG, a real estate company, engages in the acquisition and long-term leasing of specialist retail and shopping centers.

Snowflake

Fundamentals

Reasonable growth potential with acceptable track record.

Share Price & News

How has DEFAMA Deutsche Fachmarkt's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.3%

DEF

-0.07%

DE Real Estate

2.8%

DE Market


1 Year Return

26.4%

DEF

5.0%

DE Real Estate

2.9%

DE Market

Return vs Industry: DEF exceeded the German Real Estate industry which returned 5% over the past year.

Return vs Market: DEF exceeded the German Market which returned 2.9% over the past year.


Shareholder returns

DEFIndustryMarket
7 Day3.3%-0.07%2.8%
30 Day3.3%6.9%-0.2%
90 Day1.9%2.4%0.9%
1 Year29.9%26.4%7.8%5.0%6.2%2.9%
3 Yearn/a42.7%31.7%18.2%8.0%
5 Yearn/a140.4%105.9%43.1%23.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is DEFAMA Deutsche Fachmarkt undervalued compared to its fair value and its price relative to the market?

32.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: DEF (€15.8) is trading above our estimate of fair value (€10.12)

Significantly Undervalued: DEF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DEF is poor value based on its PE Ratio (32.7x) compared to the Real Estate industry average (13.8x).

PE vs Market: DEF is poor value based on its PE Ratio (32.7x) compared to the German market (19.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: DEF is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: DEF is overvalued based on its PB Ratio (3.9x) compared to the DE Real Estate industry average (1.3x).


Next Steps

Future Growth

How is DEFAMA Deutsche Fachmarkt forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

24.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DEF's forecast earnings growth (24% per year) is above the savings rate (0.2%).

Earnings vs Market: DEF's earnings (24% per year) are forecast to grow faster than the German market (12.8% per year).

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

Revenue vs Market: DEF's revenue (15.6% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: DEF's revenue (15.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: DEF's Return on Equity is forecast to be low in 3 years time (15.4%).


Next Steps

Past Performance

How has DEFAMA Deutsche Fachmarkt performed over the past 5 years?

41.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DEF's earnings have grown significantly by 41.7% per year over the past 5 years.

Accelerating Growth: DEF's earnings growth over the past year (13.8%) is below its 5-year average (41.7% per year).

Earnings vs Industry: DEF earnings growth over the past year (13.8%) exceeded the Real Estate industry 2.5%.


Return on Equity

High ROE: DEF's Return on Equity (11.8%) is considered low.


Return on Assets

ROA vs Industry: DEF's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: DEF has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is DEFAMA Deutsche Fachmarkt's financial position?


Financial Position Analysis

Short Term Liabilities: DEF's short term assets (€2.9M) exceeds its short term liabilities (€585.0K)

Long Term Liabilities: DEF's short term assets (2.9M) do not cover its long term liabilities (68.1M)


Debt to Equity History and Analysis

Debt Level: DEF's debt to equity ratio (428.2%) is considered high

Reducing Debt: Insufficient data to determine if DEF's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: DEF's debt is not well covered by operating cash flow (5%).

Interest Coverage: DEF's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet

Inventory Level: DEF has a high level of physical assets or inventory.

Debt Coverage by Assets: DEF's debt is not covered by short term assets (assets are 0x debt).


Next Steps

Dividend

What is DEFAMA Deutsche Fachmarkt's current dividend yield, its reliability and sustainability?

2.51%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%1.5%markettop25%3.9%industryaverage2.9%forecastin3Years3.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: DEF's dividend (2.52%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: DEF's dividend (2.52%) is low compared to the top 25% of dividend payers in the German market (3.86%).

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

Growing Dividend: DEF's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.3%), DEF's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DEF's dividends in 3 years are forecast to be well covered by earnings (41.2% payout ratio).


Next Steps

Management

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

4.9yrs

Average board tenure


CEO

DEFAMA Deutsche Fachmarkt has no CEO, or we have no data on them.


Board Age and Tenure

4.9yrs

Average Tenure

58yo

Average Age

Experienced Board: DEF's board of directors are considered experienced (4.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Matthias Schrade (40yo)

    Member of the Management Board

    • Tenure: 4.9yrs
    • Compensation: €95.85k

Board Members

  • Peter Schropp (58yo)

    Chairman of the Supervisory Board

    • Tenure: 4.9yrs
  • Hans Rücker (69yo)

    Vice-Chairman of the Supervisory Board

    • Tenure: 4.9yrs
  • Henrik von Lukowicz (48yo)

    Member of the Supervisory Board

    • Tenure: 4.9yrs

Company Information

DEFAMA Deutsche Fachmarkt AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DEFAMA Deutsche Fachmarkt AG
  • Ticker: DEF
  • Exchange: DB
  • Founded: 2014
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: €62.010m
  • Shares outstanding: 3.90m
  • Website: https://www.defama.de

Number of Employees


Location

  • DEFAMA Deutsche Fachmarkt AG
  • Nimrodstr. 23
  • Berlin
  • Berlin
  • 13469
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DEFDB (Deutsche Boerse AG)YesBearer SharesDEEURJul 2016
DEFXTRA (XETRA Trading Platform)YesBearer SharesDEEURJul 2016

Biography

DEFAMA Deutsche Fachmarkt AG, a real estate company, engages in the acquisition and long-term leasing of specialist retail and shopping centers. The company focuses in small commercial properties in small  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:55
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.