Stock Analysis Report

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Executive Summary

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

Snowflake Analysis

Fair value with mediocre balance sheet.

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Share Price & News

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

Latest Share Price and Events

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

Market Performance

7 Day Return




DE Real Estate


DE Market

1 Year Return




DE Real Estate


DE Market

Return vs Industry: GIB exceeded the German Real Estate industry which returned 13.6% over the past year.

Return vs Market: GIB exceeded the German Market which returned 10.3% over the past year.

Shareholder returns

7 Day0%3.4%2.7%
30 Day10.2%4.9%1.9%
90 Day17.7%14.3%17.0%
1 Year34.9%32.9%16.4%13.6%12.8%10.3%
3 Year25.2%19.6%43.5%32.6%7.1%-1.4%
5 Year89.6%74.6%96.8%72.3%18.2%2.3%

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


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


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: GIB (€103) is trading above our estimate of fair value (€26.76)

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

Price To Earnings Ratio

PE vs Industry: GIB is good value based on its PE Ratio (11.3x) compared to the DE Real Estate industry average (11.8x).

PE vs Market: GIB is good value based on its PE Ratio (11.3x) compared to the German market (22.1x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: GIB is good value based on its PB Ratio (1.2x) compared to the DE Real Estate industry average (1.4x).

Next Steps

Future Growth

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


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 GSW Immobilien 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 GSW Immobilien performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GIB has a large one-off gain of €535.0M impacting its December 31 2019 financial results.

Growing Profit Margin: GIB's current net profit margins are lower than last year .

Past Earnings Growth Analysis

Earnings Trend: GIB's earnings have grown by 1.4% per year over the past 5 years.

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

Earnings vs Industry: GIB had negative earnings growth (-16.8%) over the past year, making it difficult to compare to the Real Estate industry average (8.1%).

Return on Equity

High ROE: GIB's Return on Equity (10.2%) is considered low.

Next Steps

Financial Health

How is GSW Immobilien's financial position?

Financial Position Analysis

Short Term Liabilities: GIB's short term assets (€536.9M) exceed its short term liabilities (€174.3M).

Long Term Liabilities: GIB's short term assets (€536.9M) do not cover its long term liabilities (€3.8B).

Debt to Equity History and Analysis

Debt Level: GIB's debt to equity ratio (44.1%) is considered high.

Reducing Debt: GIB's debt to equity ratio has reduced from 92.3% to 44.1% over the past 5 years.

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

Interest Coverage: GIB's interest payments on its debt are well covered by EBIT (4.3x coverage).

Balance Sheet

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GIB's dividend (1.36%) is higher than the bottom 25% of dividend payers in the German market (1.22%).

High Dividend: GIB's dividend (1.36%) is low compared to the top 25% of dividend payers in the German market (3.77%).

Stability and Growth of Payments

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

Growing Dividend: GIB's dividend payments have increased, but the company has only paid a dividend for 8 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.3%), GIB's dividend payments are well 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


How experienced are the management team and are they aligned to shareholders interests?


CEO Compensation


Lars Urbansky (44 yo)





Mr. Lars Urbansky, B.A., serves as Chairman of the Management Board at GSW Immobilien AG since October 1, 2019. Mr. Urbansky serves as Chief Operating Officer at Deutsche Wohnen SE since 2019 and serves as ...

CEO Compensation Analysis

Compensation vs Market: Lars's total compensation ($USD113.21K) is below average for companies of similar size in the German market ($USD3.53M).

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


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

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: €6.008b
  • Shares outstanding: 56.68m
  • Website: https://www.gsw.ag

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GIBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2011
0P3FLSE (London Stock Exchange)YesOrdinary SharesGBEURApr 2011


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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 21:41
End of Day Share Price2020/08/12 00:00
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.