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Sirius Real Estate

LSE:SRE
Snowflake Description

Established dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRE
LSE
£619M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial properties in Germany. The last earnings update was 28 days ago. More info.


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SRE Share Price and Events
7 Day Returns
3%
LSE:SRE
-3%
GB Real Estate
0.5%
GB Market
1 Year Returns
-5.2%
LSE:SRE
-26.1%
GB Real Estate
-8.4%
GB Market
SRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sirius Real Estate (SRE) 3% 5.4% 4.7% -5.2% 26% 115.9%
GB Real Estate -3% -5.1% -10% -26.1% -43.6% -18.4%
GB Market 0.5% -2.7% -6.9% -8.4% 7.2% -5.8%
1 Year Return vs Industry and Market
  • SRE outperformed the Real Estate industry which returned -26.1% over the past year.
  • SRE outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -8.4% over the past year.
Price Volatility
SRE
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sirius Real Estate's competitors could be found in our database.

SRE Value

 Is Sirius Real Estate undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sirius Real Estate to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sirius Real Estate.

LSE:SRE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:SRE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 8.6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.587 (1 + (1- 21%) (52.72%))
0.832
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.4% + (0.832 * 8.6%)
8.55%

Discounted Cash Flow Calculation for LSE:SRE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sirius Real Estate is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:SRE DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 7.52 8.74 10.15 11.78 13.67
Source Est @ 16.13% Est @ 16.13% Est @ 16.13% Est @ 16.13% Est @ 16%, capped from 16.13%
Present Value
Discounted (@ 8.55%)
6.93 7.41 7.93 8.49 9.07
Present value of next 5 years cash flows €39.83
LSE:SRE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €13.67 × (1 + 1.4%) ÷ (8.55% – 1.4%)
€193.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €193.73 ÷ (1 + 8.55%)5
€128.54
LSE:SRE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €39.83 + €128.54
€168.37
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €168.37 / 1,011.54
€0.17
LSE:SRE Discount to Share Price
Calculation Result
Exchange Rate EUR/GBP
(Reporting currency to currency of LSE:SRE)
0.9
Value per Share
(GBP)
= Value per Share in EUR x Exchange Rate (EUR/GBP)
= €0.17 x 0.9
£0.15
Value per share (GBP) From above. £0.15
Current discount Discount to share price of £0.63
= -1 x (£0.63 - £0.15) / £0.15
-317.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Sirius Real Estate is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sirius Real Estate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sirius Real Estate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €0.10
LSE:SRE Share Price ** LSE (2018-12-17) in GBP £0.63
LSE:SRE Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.111 €0.7
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PE Ratio Median Figure of 29 Publicly-Listed Real Estate Companies 9x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 814 Publicly-Listed Companies 14.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sirius Real Estate.

LSE:SRE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SRE Share Price ÷ EPS (both in EUR)

= 0.7 ÷ 0.10

6.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sirius Real Estate is good value based on earnings compared to the GB Real Estate industry average.
  • Sirius Real Estate is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Sirius Real Estate's expected growth come at a high price?
Raw Data
LSE:SRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-21.8%per year
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PEG Ratio Median Figure of 17 Publicly-Listed Real Estate Companies 1.12x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 580 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

LSE:SRE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.67x ÷ -21.8%

-0.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sirius Real Estate earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sirius Real Estate's assets?
Raw Data
LSE:SRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €0.67
LSE:SRE Share Price * LSE (2018-12-17) in GBP £0.63
LSE:SRE Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.111 €0.7
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PB Ratio Median Figure of 36 Publicly-Listed Real Estate Companies 0.98x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,357 Publicly-Listed Companies 1.45x
LSE:SRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SRE Share Price ÷ Book Value per Share (both in EUR)

= 0.7 ÷ 0.67

1.03x

* Primary Listing of Sirius Real Estate.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sirius Real Estate is overvalued based on assets compared to the GB Real Estate industry average.
X
Value checks
We assess Sirius Real Estate's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Sirius Real Estate has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SRE Future Performance

 How is Sirius Real Estate expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-21.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sirius Real Estate expected to grow at an attractive rate?
  • Sirius Real Estate's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Sirius Real Estate's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Sirius Real Estate's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:SRE Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SRE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -21.8%
LSE:SRE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.3%
United Kingdom of Great Britain and Northern Ireland Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 13.4%
United Kingdom of Great Britain and Northern Ireland Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -7.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:SRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:SRE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31
2021-03-31 95 61 64 2
2020-03-31 91 55 72 2
2019-03-31 82 67 106 2
LSE:SRE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 80 40 101
2018-06-30 76 42 91
2018-03-31 72 43 81
2017-12-31 97 47 83
2017-09-30 96 50 85
2017-06-30 83 50 76
2017-03-31 69 50 67
2016-12-31 66 48 63
2016-09-30 63 46 59
2016-06-30 59 42 57
2016-03-31 56 38 55
2015-12-31 53 32 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sirius Real Estate's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sirius Real Estate's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:SRE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Sirius Real Estate Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SRE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 0.06 0.07 0.06 2.00
2020-03-31 0.07 0.08 0.06 2.00
2019-03-31 0.10 0.12 0.09 2.00
LSE:SRE Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 0.10
2018-06-30 0.10
2018-03-31 0.09
2017-12-31 0.09
2017-09-30 0.10
2017-06-30 0.09
2017-03-31 0.08
2016-12-31 0.08
2016-09-30 0.08
2016-06-30 0.08
2016-03-31 0.08
2015-12-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sirius Real Estate will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sirius Real Estate's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sirius Real Estate has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SRE Past Performance

  How has Sirius Real Estate performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sirius Real Estate's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sirius Real Estate has delivered over 20% year on year earnings growth in the past 5 years.
  • Sirius Real Estate's 1-year earnings growth is less than its 5-year average (18.7% vs 34.5%)
  • Sirius Real Estate's earnings growth has exceeded the GB Real Estate industry average in the past year (18.7% vs 14.9%).
Earnings and Revenue History
Sirius Real Estate's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sirius Real Estate Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SRE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 79.76 100.80 20.52
2018-06-30 75.95 91.03 21.05
2018-03-31 72.14 81.27 21.59
2017-12-31 96.64 83.10 21.76
2017-09-30 96.30 84.93 21.93
2017-06-30 82.55 75.92 21.27
2017-03-31 68.79 66.91 20.61
2016-12-31 65.68 63.18 21.88
2016-09-30 62.56 59.45 23.15
2016-06-30 59.17 57.06 19.68
2016-03-31 55.79 54.67 16.21
2015-12-31 52.76 48.55 9.59
2015-09-30 49.73 42.43 2.97
2015-06-30 47.56 34.71 2.83
2015-03-31 45.39 26.99 2.70
2014-12-31 44.18 29.13 2.78
2014-09-30 42.97 31.28 2.87
2014-06-30 44.02 30.10 2.84
2014-03-31 45.07 28.93 2.81
2013-12-31 45.46 8.03 2.95
2013-09-30 45.86 -12.86 3.09
2013-06-30 45.99 -21.54 3.12
2013-03-31 46.12 -30.23 3.15
2012-12-31 46.83 -22.81 3.06
2012-09-30 47.55 -15.40 2.97
2012-06-30 46.65 -23.32 2.94
2012-03-31 45.75 -31.25 2.91
2011-12-31 45.69 -23.88 3.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sirius Real Estate has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sirius Real Estate used its assets more efficiently than the GB Real Estate industry average last year based on Return on Assets.
  • Sirius Real Estate's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sirius Real Estate's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sirius Real Estate has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SRE Health

 How is Sirius Real Estate's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sirius Real Estate's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sirius Real Estate is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sirius Real Estate's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sirius Real Estate's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sirius Real Estate Company Filings, last reported 2 months ago.

LSE:SRE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 679.40 362.47 39.42
2018-06-30 679.40 362.47 39.42
2018-03-31 625.63 367.38 79.61
2017-12-31 625.63 367.38 79.61
2017-09-30 564.66 293.02 33.66
2017-06-30 564.66 293.02 33.66
2017-03-31 495.27 342.13 48.70
2016-12-31 495.27 342.13 48.70
2016-09-30 450.90 314.82 24.75
2016-06-30 450.90 314.82 24.75
2016-03-31 387.11 296.58 19.87
2015-12-31 387.11 296.58 19.87
2015-09-30 362.98 258.15 14.11
2015-06-30 362.98 258.15 14.11
2015-03-31 288.26 257.10 20.14
2014-12-31 288.26 257.10 20.14
2014-09-30 238.16 223.81 18.01
2014-06-30 238.16 223.81 18.01
2014-03-31 226.30 225.06 13.75
2013-12-31 226.30 225.06 13.75
2013-09-30 167.96 272.21 16.25
2013-06-30 167.96 272.21 16.25
2013-03-31 151.03 289.59 16.72
2012-12-31 151.03 289.59 16.72
2012-09-30 174.18 300.25 7.12
2012-06-30 174.18 300.25 7.12
2012-03-31 181.27 308.41 9.15
2011-12-31 181.27 308.41 9.15
  • Sirius Real Estate's level of debt (53.4%) 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 (161.2% vs 53.4% today).
  • Debt is not well covered by operating cash flow (11.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Sirius Real Estate's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sirius Real Estate has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SRE Dividends

 What is Sirius Real Estate's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.69%
Current annual income from Sirius Real Estate dividends. Estimated to be 4.94% next year.
If you bought £2,000 of Sirius Real Estate shares you are expected to receive £94 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sirius Real Estate's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.06%).
  • Sirius Real Estate's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:SRE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 710 Stocks 4.4%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.1%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:SRE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.04 1.00
2021-03-31 0.04 3.00
2020-03-31 0.03 3.00
2019-03-31 0.03 3.00
LSE:SRE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-11-19 0.033 4.845
2018-08-01 0.032 4.843
2018-06-04 0.032 4.524
2017-11-27 0.031 4.450
2017-06-26 0.031 4.572
2017-06-23 0.031 4.562
2016-11-28 0.028 4.349
2016-08-19 0.026 4.371
2016-05-23 0.026 4.134
2015-11-23 0.018 3.004
2015-07-30 0.017 2.383
2015-05-22 0.017 2.594
2014-11-14 0.015 2.785
2014-06-16 0.006 1.454
2014-06-13 0.006 1.437
2009-12-07 0.000 0.000
2009-06-08 0.000 0.000
2009-03-31 0.000 0.000
2008-12-18 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sirius Real Estate's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Sirius Real Estate's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sirius Real Estate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sirius Real Estate has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SRE Management

 What is the CEO of Sirius Real Estate's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Coombs
COMPENSATION €989,175
AGE 53
TENURE AS CEO 6.9 years
CEO Bio

Mr. Andrew James Coombs has been the Chief Executive Officer at Sirius Facilities GmbH since December 2009. Mr. Coombs has been the Chief Executive Officer of Sirius Real Estate Limited since May 1, 2014. Mr. Coombs has significant experience in the "flexible workspace" industry. Previously he was UK Sales Director of Regus and before then he was General Manager and Director of MWB Business Exchange. He serves as Executive Director of Sirius Real Estate Limited. He serves as a Director of Sirius Facilities GmbH. He serves as a Partner/Director of DDS Conferencing & Catering GmbH, Curris Facilities & Utilities Management GmbH, Sirius Management One GmbH, Sirius Management Two GmbH, Sirius Facilities UK Limited, LB2 Catering and Services GmbH, SFG Nova Construction and Services GmbH, Dynamo Serve Ltd, Officebroker.com Ltd and Official Space Ltd.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year.
  • Andrew's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Sirius Real Estate management team in years:

5.8
Average Tenure
  • The average tenure for the Sirius Real Estate management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andrew Coombs

TITLE
CEO & Executive Director
COMPENSATION
€989K
AGE
53
TENURE
6.9 yrs

Alistair Marks

TITLE
CFO & Director
COMPENSATION
€767K
AGE
49
TENURE
4.6 yrs

Tim Robertson

TITLE
Investor Relations Contact

Rüdiger Swoboda

TITLE
Sales Director
TENURE
8.9 yrs

Anja Paprocki

TITLE
Human Resources Director

Aoife Bennett

TITLE
Company Secretary
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Sirius Real Estate board of directors in years:

1.8
Average Tenure
51
Average Age
  • The average tenure for the Sirius Real Estate board of directors is less than 3 years, this suggests a new board.
Board of Directors

Danny Kitchen

TITLE
Non-Executive Chairman
AGE
66
TENURE
0.3 yrs

Andrew Coombs

TITLE
CEO & Executive Director
COMPENSATION
€989K
AGE
53
TENURE
4.6 yrs

Alistair Marks

TITLE
CFO & Director
COMPENSATION
€767K
AGE
49
TENURE
4.6 yrs

Andrew Peggie

TITLE
Senior Independent Director
COMPENSATION
€76K
AGE
47
TENURE
1.8 yrs

Justin Atkinson

TITLE
Independent Non-Executive Director
COMPENSATION
€51K
AGE
58
TENURE
1.8 yrs

Wessel Hamman

TITLE
Non-Executive Director
COMPENSATION
€46K
AGE
45
TENURE
7.6 yrs

Jill May

TITLE
Independent Non-Executive Director
COMPENSATION
€16K
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Sirius Real Estate insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
28. Nov 18 Sell Rüdiger Swoboda Individual 23. Nov 18 27. Nov 18 -100,000 £0.60 £-59,656
15. Aug 18 Sell Andrew Coombs Individual 13. Aug 18 13. Aug 18 -1,000,000 £0.57 £-567,500
08. Aug 18 Sell Alistair Marks Individual 06. Aug 18 07. Aug 18 -2,000,000 £0.01 £-11,697
27. Jul 18 Sell Rüdiger Swoboda Individual 26. Jul 18 26. Jul 18 -615,000 £0.01 £-3,567
26. Jun 18 Sell Andrew Coombs Individual 25. Jun 18 25. Jun 18 -7,945 £0.65 £-5,125
26. Jun 18 Buy Andrew Coombs Individual 25. Jun 18 25. Jun 18 100,000 £0.64 £64,000
15. Jun 18 Buy Andrew Coombs Individual 14. Jun 18 14. Jun 18 400,000 £0.65 £260,000
12. Jun 18 Buy Andrew Coombs Individual 11. Jun 18 11. Jun 18 500,000 £0.65 £325,000
06. Jun 18 Sell Andrew Coombs Individual 04. Jun 18 04. Jun 18 -20,000 £0.66 £-13,200
06. Jun 18 Buy Andrew Coombs Individual 04. Jun 18 04. Jun 18 7,400 £0.66 £4,884
10. Jan 18 Sell Andrew Coombs Individual 09. Jan 18 09. Jan 18 -166,000 £0.66 £-108,764
X
Management checks
We assess Sirius Real Estate's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sirius Real Estate has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SRE News

External News
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Simply Wall St News

Did Sirius Real Estate Limited (LON:SRE) Use Debt To Deliver Its ROE Of 13%?

To keep the lesson grounded in practicality, we'll use ROE to better understand Sirius Real Estate Limited (LON:SRE). … Our data shows Sirius Real Estate has a return on equity of 13% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Sirius Real Estate Limited (LON:SRE): What We Can Expect From This Growth Stock

with profits predicted to rise by 9.94% next year … the higher past 5-year average growth rate of 47.15% … With trailing-twelve-month net income at current levels of €81.27m, we should see this rise to €89.35m in 2019.

Simply Wall St -

Who Are The Largest Shareholders In Sirius Real Estate Limited (LON:SRE)?

I am going to take a deep dive into Sirius Real Estate Limited’s (LON:SRE) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for Sirius Real Estate

Simply Wall St -

Sirius Real Estate Limited (LON:SRE): Ex-Dividend Is In 2 Days, Should You Buy?

Have you been keeping an eye on Sirius Real Estate Limited's (LON:SRE) upcoming dividend of €0.016 per share payable on the 17 August 2018? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Sirius Real Estate's latest financial data to analyse its dividend characteristics. … View out our latest analysis for Sirius Real Estate

Simply Wall St -

Does Sirius Real Estate Limited's (LON:SRE) Past Performance Indicate A Stronger Future?

After looking at Sirius Real Estate Limited's (LON:SRE) latest earnings announcement (31 March 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Sirius Real Estate? … SRE's trailing twelve-month earnings (from 31 March 2018) of UK£81.27m has

Simply Wall St -

Is Sirius Real Estate Limited (LON:SRE) A Smart Choice For Dividend Investors?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Sirius Real Estate Limited (LON:SRE) has returned to shareholders over the past 10 years, an average dividend yield of 3.00% annually. … Does Sirius Real Estate tick all the boxes of a great dividend stock?

Simply Wall St -

Is Sirius Real Estate Limited's (LON:SRE) PE Ratio A Signal To Buy For Investors?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Sirius Real Estate Limited (LON:SRE)’s fundamentals and stock market performance. … Sirius Real Estate Limited (LON:SRE) is currently trading at a trailing P/E of 8.2x, which is lower than the industry average of 9x.

Simply Wall St -

How Financially Strong Is Sirius Real Estate Limited (LON:SRE)?

While small-cap stocks, such as Sirius Real Estate Limited (LON:SRE) with its market cap of UK£644.36m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Why Sirius Real Estate Limited (LON:SRE) Is Truly A Standout Investment

Sirius Real Estate Limited (LON:SRE) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of SRE, it

Simply Wall St -

Sirius Real Estate Limited (LON:SRE): Will The Growth Last?

In March 2018, Sirius Real Estate Limited (LSE:SRE) released its most recent earnings update. … Below is a brief commentary on the longer term outlook the market has for Sirius Real Estate. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line.

Simply Wall St -

SRE Company Info

Map
Description

Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial properties in Germany. The company owns and operates offices; warehouses, storerooms, and self-storage spaces; and production and workshop spaces. It serves small to medium-sized enterprises under the Sirius brand name. As of March 31, 2018, it owned a portfolio of 54 business parks with approximately 1.4 million square meters of lettable space. The company was formerly known as Dawnay, Day Sirius Limited and changed its name to Sirius Real Estate Limited in October 2008. Sirius Real Estate Limited was founded in 2007 and is based in St. Peter Port, Guernsey.

Details
Name: Sirius Real Estate Limited
SRE
Exchange: LSE
Founded: 2007
£619,063,597
1,011,541,826
Website: http://www.sirius-real-estate.com
Address: Sirius Real Estate Limited
Trafalgar Court,
2nd Floor,
St. Peter Port,
GY1 3EL,
Guernsey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SRE Ordinary Shares London Stock Exchange GB GBP 01. May 2007
OTCPK SRRL.F Ordinary Shares Pink Sheets LLC US USD 01. May 2007
JSE SRE Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 01. May 2007
BATS-CHIXE SREL Ordinary Shares BATS 'Chi-X Europe' GB GBP 01. May 2007
Number of employees
Current staff
Staff numbers
243
Sirius Real Estate employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/17 21:35
End of day share price update: 2018/12/17 00:00
Last estimates confirmation: 2018/11/19
Last earnings filing: 2018/11/19
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.