DB:FVI

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Fair Value REIT-AG

Executive Summary

Fair Value REIT-AG (hereinafter also Fair Value) has its registered office in Gräfelfing, Munich district, and has no branches. More Details


Snowflake Analysis

Good value average dividend payer.


Similar Companies

Share Price & News

How has Fair Value REIT-AG's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FVI is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FVI's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.6%

FVI

4.7%

DE REITs

-1.2%

DE Market


1 Year Return

-12.8%

FVI

-8.5%

DE REITs

2.3%

DE Market

Return vs Industry: FVI underperformed the German REITs industry which returned -8.5% over the past year.

Return vs Market: FVI underperformed the German Market which returned 2.3% over the past year.


Shareholder returns

FVIIndustryMarket
7 Day3.6%4.7%-1.2%
30 Day5.1%-1.3%1.8%
90 Day0%-3.2%8.1%
1 Year-9.5%-12.8%-5.4%-8.5%5.6%2.3%
3 Year-7.2%-15.9%28.1%14.4%3.6%-5.5%
5 Year24.8%3.6%14.9%-1.7%41.3%21.3%

Long-Term Price Volatility Vs. Market

How volatile is Fair Value REIT-AG's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fair Value REIT-AG undervalued compared to its fair value and its price relative to the market?

40.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FVI (€7.15) is trading below our estimate of fair value (€12.11)

Significantly Below Fair Value: FVI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FVI is poor value based on its PE Ratio (9.3x) compared to the DE REITs industry average (9.2x).

PE vs Market: FVI is good value based on its PE Ratio (9.3x) compared to the German market (23.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FVI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FVI is good value based on its PB Ratio (0.6x) compared to the DE REITs industry average (1.4x).


Next Steps

Future Growth

How is Fair Value REIT-AG forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.0%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fair Value REIT-AG has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Fair Value REIT-AG performed over the past 5 years?

25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FVI has a large one-off gain of €7.1M impacting its June 30 2020 financial results.

Growing Profit Margin: FVI's current net profit margins (41.3%) are lower than last year (49.7%).


Past Earnings Growth Analysis

Earnings Trend: FVI's earnings have grown significantly by 25.3% per year over the past 5 years.

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

Earnings vs Industry: FVI had negative earnings growth (-21.7%) over the past year, making it difficult to compare to the REITs industry average (-8.7%).


Return on Equity

High ROE: FVI's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Fair Value REIT-AG's financial position?


Financial Position Analysis

Short Term Liabilities: FVI's short term assets (€18.2M) do not cover its short term liabilities (€34.8M).

Long Term Liabilities: FVI's short term assets (€18.2M) do not cover its long term liabilities (€45.7M).


Debt to Equity History and Analysis

Debt Level: FVI's debt to equity ratio (32.3%) is considered satisfactory.

Reducing Debt: FVI's debt to equity ratio has reduced from 89.1% to 32.3% over the past 5 years.

Debt Coverage: FVI's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: FVI's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Fair Value REIT-AG current dividend yield, its reliability and sustainability?

3.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FVI's dividend (3.64%) is higher than the bottom 25% of dividend payers in the German market (1.02%).

High Dividend: FVI's dividend (3.64%) is in the top 25% of dividend payers in the German market (3.51%)


Stability and Growth of Payments

Stable Dividend: FVI's dividend payments have been volatile in the past 10 years.

Growing Dividend: FVI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.4%), FVI's dividend payments are 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?

1.7yrs

Average board tenure


CEO

Tim Brückner (43 yo)

1.67yrs

Tenure

€74,176

Compensation

Mr. Tim Brückner has been the Chief Executive Officer and Member of Management Board at Fair Value REIT-AG since May 20, 2019. Mr. Brückner has been Chief Financial Officer and Member of Executive Board at...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD89.68K) is below average for companies of similar size in the German market ($USD476.79K).

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


Board Members

NamePositionTenureCompensationOwnership
Barbara Deisenrieder
Member of the Supervisory Board0.58yrno datano data
Frank Hölzle
Chairman of the Supervisory Board3.08yrsno datano data
Ingo Hartlief
Deputy Chairman of the Supervisory Board1.67yrs€101.75kno data

1.7yrs

Average Tenure

53yo

Average Age

Experienced Board: FVI's board of directors are not considered experienced ( 1.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fair Value REIT-AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fair Value REIT-AG
  • Ticker: FVI
  • Exchange: DB
  • Founded: 2004
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: €100.307m
  • Shares outstanding: 14.03m
  • Website: https://www.fvreit.de

Number of Employees


Location

  • Fair Value REIT-AG
  • Würmstraße 13a
  • Grafelfing
  • Munich
  • Bavaria
  • 82166
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FVIDB (Deutsche Boerse AG)YesBearer SharesDEEURNov 2007
0NAGLSE (London Stock Exchange)YesBearer SharesGBEURNov 2007

Biography

Fair Value REIT-AG (hereinafter also Fair Value) has its registered office in Gräfelfing, Munich district, and has no branches. As a listed property owner, she complies with the regulations of the REIT Com...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 03:16
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
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.