GSW Immobilien AG, together with its subsidiaries, operates as a housing company in Germany. It engages in the long-term rental, and management of real estate portfolios, including residential and business units. As of December 31, 2021, It holds 50,360 residential and business units in Berlin.
GSW Immobilien Fundamentals Summary
How do GSW Immobilien's earnings and revenue compare to its market cap?
Is GSW Immobilien undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
12.87x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GIB (€107) is trading above our estimate of fair value (€87.95)
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 (12.9x) compared to the German Real Estate industry average (13.2x).
PE vs Market: GIB is good value based on its PE Ratio (12.9x) compared to the German market (17.3x).
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's PB Ratio (1x) is in line with the DE Real Estate industry average.
Future Growth
How is GSW Immobilien forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
0.06%
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.
Past Performance
How has GSW Immobilien performed over the past 5 years?
Past Performance Score
0/6
Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-14.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GIB has a large one-off gain of €563.0M impacting its December 31 2021 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 declined by 14.6% 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 (-2.6%) over the past year, making it difficult to compare to the Real Estate industry average (6.9%).
Return on Equity
High ROE: GIB's Return on Equity (8.1%) is considered low.
Financial Health
How is GSW Immobilien's financial position?
Financial Health Score
4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: GIB's short term assets (€1.2B) exceed its short term liabilities (€538.9M).
Long Term Liabilities: GIB's short term assets (€1.2B) do not cover its long term liabilities (€4.0B).
Debt to Equity History and Analysis
Debt Level: GIB's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: GIB's debt to equity ratio has reduced from 51% to 32.7% over the past 5 years.
Debt Coverage: GIB's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: GIB's interest payments on its debt are well covered by EBIT (4.8x coverage).
Balance Sheet
Dividend
What is GSW Immobilien current dividend yield, its reliability and sustainability?
Dividend Score
3/6
Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.31%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GIB's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.37%).
High Dividend: GIB's dividend (1.31%) is low compared to the top 25% of dividend payers in the German market (4.29%).
Stability and Growth of Payments
Stable Dividend: GIB's dividends per share have been stable in the past 10 years.
Growing Dividend: GIB's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (16.8%), GIB's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (43.1%), GIB's dividend payments are well covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average board tenure
CEO
Lars Urbansky (45 yo)
2.58yrs
Tenure
€155,000
Compensation
Mr. Lars Urbansky, B.A., serves as Chairman of the Management Board at GSW Immobilien AG since October 1, 2019. He serves as Co- Chief Executive Officer at Deutsche Wohnen SE since January 2022. Mr. Urbans...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD161.34K) is below average for companies of similar size in the German market ($USD2.81M).
Compensation vs Earnings: Lars's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
Experienced Board: GIB's board of directors are considered experienced (7.3 years average tenure).
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
GSW Immobilien AG's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/05/15 00:00
End of Day Share Price
2022/05/13 00:00
Earnings
2021/12/31
Annual Earnings
2021/12/31
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.