Sirius Real Estate
Market Cap
UK£965.4m
Last Updated
2020/02/16 21:16 UTC
Data Sources
Company Financials +
Executive Summary
Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial properties in Germany.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -14.8% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Mediocre balance sheet with acceptable track record.
Share Price & News
How has Sirius Real Estate's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SRE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.0%
SRE
2.6%
GB Real Estate
-0.2%
GB Market
1 Year Return
43.7%
SRE
33.1%
GB Real Estate
6.1%
GB Market
Return vs Industry: SRE exceeded the UK Real Estate industry which returned 33.1% over the past year.
Return vs Market: SRE exceeded the UK Market which returned 6.1% over the past year.
Shareholder returns
| SRE | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 2.6% | -0.2% |
| 30 Day | 4.1% | 2.1% | -1.8% |
| 90 Day | 25.3% | 15.3% | 4.0% |
| 1 Year | 49.7%43.7% | 36.5%33.1% | 11.8%6.1% |
| 3 Year | 81.1%58.6% | 12.7%4.6% | 17.5%2.6% |
| 5 Year | 170.0%120.6% | 27.2%12.4% | 34.8%3.7% |
Price Volatility Vs. Market
How volatile is Sirius Real Estate's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
If You Had Bought Sirius Real Estate (LON:SRE) Shares Five Years Ago You'd Have Made 111%2 weeks ago | Simply Wall St
Sirius Real Estate (LON:SRE) Has A Pretty Healthy Balance Sheet1 month ago | Simply Wall St
Is Sirius Real Estate Limited's (LON:SRE) 16% ROE Better Than Average?Valuation
Is Sirius Real Estate undervalued compared to its fair value and its price relative to the market?
8.87x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SRE (£0.93) is trading above our estimate of fair value (£0.38)
Significantly Below Fair Value: SRE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SRE is good value based on its PE Ratio (8.9x) compared to the Real Estate industry average (16.4x).
PE vs Market: SRE is good value based on its PE Ratio (8.9x) compared to the UK market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: SRE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SRE is overvalued based on its PB Ratio (1.5x) compared to the GB Real Estate industry average (1.2x).
Next Steps
Future Growth
How is Sirius Real Estate forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-14.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SRE's earnings are forecast to decline over the next 3 years (-14.8% per year).
Earnings vs Market: SRE's earnings are forecast to decline over the next 3 years (-14.8% per year).
High Growth Earnings: SRE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SRE's revenue is expected to decline over the next 3 years (-2.4% per year).
High Growth Revenue: SRE's revenue is forecast to decline over the next 3 years (-2.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SRE's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Sirius Real Estate performed over the past 5 years?
28.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SRE has a large one-off gain of €99.4M impacting its September 30 2019 financial results.
Growing Profit Margin: SRE's current net profit margins (88.7%) are higher than last year (76.8%).
Past Earnings Growth Analysis
Earnings Trend: SRE's earnings have grown significantly by 28.9% per year over the past 5 years.
Accelerating Growth: SRE's earnings growth over the past year (27.5%) is below its 5-year average (28.9% per year).
Earnings vs Industry: SRE earnings growth over the past year (27.5%) exceeded the Real Estate industry 2%.
Return on Equity
High ROE: SRE's Return on Equity (16.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Sirius Real Estate's financial position?
Financial Position Analysis
Short Term Liabilities: SRE's short term assets (€109.3M) exceed its short term liabilities (€53.1M).
Long Term Liabilities: SRE's short term assets (€109.3M) do not cover its long term liabilities (€383.5M).
Debt to Equity History and Analysis
Debt Level: SRE's debt to equity ratio (43%) is considered high.
Reducing Debt: SRE's debt to equity ratio has reduced from 93.9% to 43% over the past 5 years.
Debt Coverage: SRE's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: SRE's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
Inventory Level: SRE has a high level of physical assets or inventory.
Debt Coverage by Assets: SRE's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is Sirius Real Estate's current dividend yield, its reliability and sustainability?
3.16%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SRE's dividend (3.16%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: SRE's dividend (3.16%) is low compared to the top 25% of dividend payers in the UK market (5.1%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SRE has been paying a dividend for less than 10 years.
Growing Dividend: SRE's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.8%), SRE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SRE's dividends in 3 years are forecast to be covered by earnings (69.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.9yrs
Average management tenure
CEO
Andrew Coombs (54yo)
8.1yrs
Tenure
€6,631,533
Compensation
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. ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD8.64M) is above average for companies of similar size in the UK market ($USD1.82M).
Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8.1yrs | €6.63m | 0.86% €8.3m | |
| CFO & Director | 5.8yrs | €6.39m | 0.68% €6.6m | |
| Investor Relations Contact | 0yrs | no data | no data | |
| Sales Director | 10.1yrs | no data | 0.11% €1.1m | |
| Human Resources Director | 0yrs | no data | no data | |
| Interim Company Secretary | 0.3yrs | no data | no data |
6.9yrs
Average Tenure
50yo
Average Age
Experienced Management: SRE's management team is seasoned and experienced (6.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8.1yrs | €6.63m | 0.86% €8.3m | |
| CFO & Director | 5.8yrs | €6.39m | 0.68% €6.6m | |
| Independent Non-Executive Director | 2.9yrs | €54.15k | 0.0084% €81.0k | |
| Non-Executive Chairman | 1.4yrs | €71.02k | no data | |
| Independent Non-Executive Director | 0.7yrs | no data | no data | |
| Senior Independent Director | 2.9yrs | €97.13k | 0.13% €1.3m | |
| Independent Non-Executive Director | 2.3yrs | €45.60k | no data |
2.9yrs
Average Tenure
57yo
Average Age
Experienced Board: SRE's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.
Top Shareholders
Company Information
Sirius Real Estate Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sirius Real Estate Limited
- Ticker: SRE
- Exchange: LSE
- Founded: 2007
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: UK£965.376m
- Shares outstanding: 1.04b
- Website: https://www.sirius-real-estate.com
Number of Employees
Location
- Sirius Real Estate Limited
- Trafalgar Court
- 2nd Floor
- Saint Peter Port
- Guernsey
- GY1 3EL
- Channel Islands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SRE | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | May 2007 |
| SRE | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | May 2007 |
| SRRL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2007 |
| SREL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | May 2007 |
| SRET N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | May 2007 |
Biography
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, 2019, it owned a portfolio of owned 55 and managed 2 additional business parks with approximately 1.5 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 Saint Peter Port, the Channel Islands.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 21:16 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.