DB:GIB

Stock Analysis Report

Executive Summary

GSW Immobilien AG operates as an urban housing and settlement company in Germany.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.

Risks

  • GSW Immobilien has significant price volatility in the past 3 months.
  • GSW Immobilien is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

DB:GIB

-1.4%

DE Real Estate

-1.6%

DE Market


1 Year Return

-23.3%

DB:GIB

-5.2%

DE Real Estate

-10.5%

DE Market

GIB underperformed the Real Estate industry which returned -6.1% over the past year.

GIB underperformed the Market in Germany which returned -12% over the past year.


Share holder returns

GIBIndustryMarket
7 Day-1.3%-1.4%-1.6%
30 Day-4.3%-0.7%-5.4%
90 Day-24.0%-9.9%-6.0%
1 Year-22.0%-23.3%-2.6%-5.2%-7.7%-10.5%
3 Year-0.9%-5.5%23.7%14.1%9.4%-0.02%
5 Year120.5%101.3%129.7%96.7%25.5%8.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7.06x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

GSW Immobilien's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

GSW Immobilien's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

GSW Immobilien is good value based on earnings compared to the DE Real Estate industry average.

GSW Immobilien is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for GSW Immobilien, we can't assess if its growth is good value.


Price Based on Value of Assets

GSW Immobilien is good value based on assets compared to the DE Real Estate industry average.


Next Steps

Future Growth

How is GSW Immobilien expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if GSW Immobilien is high growth as no revenue estimate data is available.

GSW Immobilien's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare GSW Immobilien's revenue growth to the Germany market average as no estimate data is available.

GSW Immobilien's earnings growth is positive but not above the Germany market average.

GSW Immobilien's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if GSW Immobilien will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has GSW Immobilien performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

GSW Immobilien has delivered over 20% year on year earnings growth in the past 5 years.

GSW Immobilien's 1-year earnings growth is negative, it can't be compared to the 5-year average.

GSW Immobilien's 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.


Return on Equity

GSW Immobilien has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

GSW Immobilien used its assets more efficiently than the DE Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

GSW Immobilien's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is GSW Immobilien's financial position?


Financial Position Analysis

GSW Immobilien is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

GSW Immobilien's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

GSW Immobilien's level of debt (46.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (120.4% vs 46.2% today).

Debt is not well covered by operating cash flow (7.1%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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

1.81%

Current Dividend Yield


Dividend Yield and Payments Analysis

GSW Immobilien's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.61%).

GSW Immobilien's dividend is below the markets top 25% of dividend payers in Germany (4.29%).

Whilst dividend payments have been stable, GSW Immobilien has been paying a dividend for less than 10 years.

Dividend payments have increased, but GSW Immobilien only paid a dividend in the past 7 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (7.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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


CEO

Lars Wittan (42yo)

4.6yrs

Tenure

€225,000

Compensation

Mr. Lars Wittan has been a Member of Supervisory Board at TLG IMMOBILIEN AG since May 21, 2019. Mr. Wittan has been a Deputy Chief Executive Officer of Deutsche Wohnen SE since March 2017. He has been Depu ...


CEO Compensation Analysis

Lars's remuneration is lower than average for companies of similar size in Germany.

Lars's compensation has been consistent with company performance over the past year, both up more than 20%.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Lars Wittan (42yo)

    Chairman of the Board of Management

    • Tenure: 4.6yrs
    • Compensation: 225.00k
  • Kathrin Wolff

    Member of Management Board

    • Tenure: 4.6yrs
    • Compensation: 56.00k

Board Members

  • Philip Grosse (49yo)

    Chairman of the Supervisory Board

  • Dirk Sonnberg

    Deputy Chairman of the Supervisory Board

  • Daniela Heyer

    Member of the Supervisory Board

Company Information

GSW Immobilien AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GSW Immobilien AG
  • Ticker: GIB
  • Exchange: DB
  • Founded: 1924
  • Industry: real estate operating companies
  • Sector: real estate
  • Market Cap: €4.392b
  • Shares outstanding: 56.68m
  • Website: Click here

Number of Employees


Location

  • GSW Immobilien AG
  • Mecklenburgische Straße 57
  • Berlin
  • Berlin
  • 14197
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GIBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2011

Biography

GSW Immobilien AG operates as an urban housing and settlement company in Germany. Its services cover rental and purchase offers, and tenant services. The company was founded in 1924 and is based in Berlin, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/16 21:32
End of Day Share Price2019/08/16 00:00
Earnings2018/12/31
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.