GSW Immobilien
Market Cap
€6.0b
Last Updated
2020/08/12 21:41 UTC
Data Sources
Company Financials
Executive Summary
GSW Immobilien AG operates as an urban housing company in Germany.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
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
Stable Share Price: GIB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
GIB
3.4%
DE Real Estate
2.7%
DE Market
1 Year Return
32.9%
GIB
13.6%
DE Real Estate
10.3%
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
| GIB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 3.4% | 2.7% |
| 30 Day | 10.2% | 4.9% | 1.9% |
| 90 Day | 17.7% | 14.3% | 17.0% |
| 1 Year | 34.9%32.9% | 16.4%13.6% | 12.8%10.3% |
| 3 Year | 25.2%19.6% | 43.5%32.6% | 7.1%-1.4% |
| 5 Year | 89.6%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
1 month ago | Simply Wall St
We Wouldn't Rely On GSW Immobilien's (FRA:GIB) Statutory Earnings As A Guide4 months ago | Simply Wall St
We're Not Counting On GSW Immobilien (FRA:GIB) To Sustain Its Statutory Profitability8 months ago | Simply Wall St
Here's Why We Don't Think GSW Immobilien's (FRA:GIB) Statutory Earnings Reflect Its Underlying Earnings PotentialValuation
Is GSW Immobilien undervalued compared to its fair value and its price relative to the market?
11.28x
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?
-3.7%
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
- Examine whether GSW Immobilien 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.
- GSW Immobilien 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 GSW Immobilien performed over the past 5 years?
1.4%
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
Dividend
What is GSW Immobilien current dividend yield, its reliability and sustainability?
1.36%
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
Management
How experienced are the management team and are they aligned to shareholders interests?
€96k
CEO Compensation
CEO
Lars Urbansky (44 yo)
0.83
Tenure
€96,000
Compensation
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.
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 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
Location
- GSW Immobilien AG
- Mecklenburgische Strasse 57
- Berlin
- Berlin
- 14197
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GIB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 2011 |
| 0P3F | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Apr 2011 |
Biography
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/12 21:41 |
| End of Day Share Price | 2020/08/12 00:00 |
| Earnings | 2019/12/31 |
| 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.