Fair Value REIT-AG
Market Cap
€100.3m
Last Updated
2021/01/17 03:16 UTC
Data Sources
Company Financials
Executive Summary
Fair Value REIT-AG (hereinafter also Fair Value) has its registered office in Gräfelfing, Munich district, and has no branches. More Details
Rewards
Risk Analysis
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
| FVI | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | 4.7% | -1.2% |
| 30 Day | 5.1% | -1.3% | 1.8% |
| 90 Day | 0% | -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 Year | 24.8%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
1 week ago | Simply Wall St
Reflecting on Fair Value REIT-AG's (FRA:FVI) Share Price Returns Over The Last Three Years3 months ago | Simply Wall St
Fair Value REIT-AG's (FRA:FVI) Stock Price Has Reduced 14% In The Past Year7 months ago | Simply Wall St
Volatility 101: Should Fair Value REIT-AG (FRA:FVI) Shares Have Dropped 14%?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
- Examine whether Fair Value REIT-AG is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Fair Value REIT-AG competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of the Supervisory Board | 0.58yr | no data | no data | |
| Chairman of the Supervisory Board | 3.08yrs | no data | no data | |
| Deputy Chairman of the Supervisory Board | 1.67yrs | €101.75k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FVI | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Nov 2007 |
| 0NAG | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 03:16 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.