STINAG Stuttgart Invest (DB:STG) - Share price, News & Analysis

Q: What is the Fair Price of STG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

STG (€15.8) is trading above our estimate of [[fair value]] (€6.03)

STG fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	4/6
Financial Health	2/6
Dividends	1/6

STG Stock Overview

STINAG Stuttgart Invest AG, through its subsidiaries, engages in the real estate, and finance and investment businesses.

Rewards

Earnings grew by 66.9% over the past year

Risk Analysis

Earnings have declined by 24.5% per year over past 5 years

Debt is not well covered by operating cash flow

Dividend of 2.66% is not well covered by earnings or forecast to be in the next 3 years

Highly volatile share price over the past 3 months

STINAG Stuttgart Invest Competitors

Deutsche Real Estate

DB:DRE2

€253.2m

AGROB Immobilien

DB:AGR

€166.8m

Dinkelacker

BST:DWB

€430.9m

InCity Immobilien

XTRA:IC8

€115.2m

Price History & Performance

Summary of all time highs, changes and price drops for STINAG Stuttgart Invest
Historical stock prices
Current Share Price	€15.80
52 Week High	€20.80
52 Week Low	€15.50
Beta	0.52
1 Month Change	-1.25%
3 Month Change	-16.84%
1 Year Change	-22.55%
3 Year Change	-36.80%
5 Year Change	-32.91%
Change since IPO	-57.12%

Recent News & Updates

May 19

Is STINAG Stuttgart Invest (FRA:STG) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Apr 14

STINAG Stuttgart Invest AG (FRA:STG) Investors Should Think About This Before Buying It For Its Dividend

Dividend paying stocks like STINAG Stuttgart Invest AG ( FRA:STG ) tend to be popular with investors, and for good...

Shareholder Returns

	STG	DE Real Estate	DE Market
7D	0%	-2.2%	-1.2%
1Y	-22.5%	-42.1%	-21.4%

Return vs Industry: STG exceeded the German Real Estate industry which returned -42.1% over the past year.

Return vs Market: STG underperformed the German Market which returned -21.4% over the past year.

Price Volatility

Is STG's price volatile compared to industry and market?
STG volatility
STG Average Weekly Movement	11.1%
Real Estate Industry Average Movement	5.4%
Market Average Movement	5.6%
10% most volatile stocks in DE Market	10.3%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: STG is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: STG's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1872	16	Heike Barth	https://www.stinag-ag.de

STINAG Stuttgart Invest AG, through its subsidiaries, engages in the real estate, and finance and investment businesses. It is involved in the acquisition, development, optimization, administration, and leasing of real estate properties. The company’s real estate portfolio includes office and retail properties, hotels, apartments, and nursing homes.

STINAG Stuttgart Invest Fundamentals Summary

How do STINAG Stuttgart Invest's earnings and revenue compare to its market cap?
STG fundamental statistics
Market Cap	€235.21m
Earnings (TTM)	€4.54m
Revenue (TTM)	€21.57m

51.8x

P/E Ratio

10.9x

P/S Ratio

Is STG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
STG income statement (TTM)
Revenue	€21.57m
Cost of Revenue	€1.27m
Gross Profit	€20.30m
Other Expenses	€15.76m
Earnings	€4.54m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.31
Gross Margin	94.12%
Net Profit Margin	21.06%
Debt/Equity Ratio	65.1%

How did STG perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

138%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is STG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for STG?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for STG. This is calculated by dividing STG's market cap by their current preferred multiple.
What is STG's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€235.21m

STG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	14.7x
Enterprise Value/EBITDA	22.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does STG's PE Ratio compare to its peers?

STG PE Ratio vs Peers

The above table shows the PE ratio for STG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	61.5x
DRE2 Deutsche Real Estate	11.9x	n/a	€253.2m
AGR AGROB Immobilien	75.4x	12.7%	€166.8m
DWB Dinkelacker	45x	n/a	€430.9m
IC8 InCity Immobilien	113.7x	n/a	€115.2m
STG STINAG Stuttgart Invest	51.8x	n/a	€235.2m

Price-To-Earnings vs Peers: STG is good value based on its Price-To-Earnings Ratio (51.8x) compared to the peer average (61.5x).

Price to Earnings Ratio vs Industry

How does STG's PE Ratio compare vs other companies in the DE Real Estate Industry?

Price-To-Earnings vs Industry: STG is expensive based on its Price-To-Earnings Ratio (51.8x) compared to the German Real Estate industry average (13.5x)

Price to Earnings Ratio vs Fair Ratio

What is STG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

STG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	51.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate STG's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of STG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: STG (€15.8) is trading above our estimate of fair value (€6.03)

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is STINAG Stuttgart Invest 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

-8.6%

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 STINAG Stuttgart Invest 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.

Discover growth companies

Check out STINAG Stuttgart Invest's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
STINAG Stuttgart Invest competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has STINAG Stuttgart Invest performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-24.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: STG has high quality earnings.

Growing Profit Margin: STG's current net profit margins (21.1%) are higher than last year (14.1%).

Past Earnings Growth Analysis

Earnings Trend: STG's earnings have declined by 24.5% per year over the past 5 years.

Accelerating Growth: STG's earnings growth over the past year (66.9%) exceeds its 5-year average (-24.5% per year).

Earnings vs Industry: STG earnings growth over the past year (66.9%) exceeded the Real Estate industry 6.9%.

Return on Equity

High ROE: STG's Return on Equity (3%) is considered low.

Discover strong past performing companies

Financial Health

How is STINAG Stuttgart Invest's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: STG's short term assets (€29.5M) exceed its short term liabilities (€8.3M).

Long Term Liabilities: STG's short term assets (€29.5M) do not cover its long term liabilities (€108.7M).

Debt to Equity History and Analysis

Debt Level: STG's net debt to equity ratio (54.2%) is considered high.

Reducing Debt: STG's debt to equity ratio has increased from 28.9% to 65.1% over the past 5 years.

Debt Coverage: STG's debt is not well covered by operating cash flow (10.5%).

Interest Coverage: STG's interest payments on its debt are well covered by EBIT (3.1x coverage).

Balance Sheet

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Dividend

What is STINAG Stuttgart Invest current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

2.66%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: STG's dividend (2.66%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: STG's dividend (2.66%) is low compared to the top 25% of dividend payers in the German market (4.52%).

Stability and Growth of Payments

Stable Dividend: STG's dividend payments have been volatile in the past 10 years.

Growing Dividend: STG's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (137.7%), STG's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: STG is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

CEO

Heike Barth

7.25yrs

Tenure

Ms. Heike Barth has been the Chairman of the Management Board at STINAG Stuttgart Invest AG since May 28, 2015 and its Chief Executive Officer since October 1, 2019. Ms. Barth served as Vice-Chairman of Th...

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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/18 00:00
End of Day Share Price	2022/08/18 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31