Sirius Real Estate
Market Cap
UK£907.5m
Last Updated
2021/01/24 02:27 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. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Mediocre balance sheet second-rate dividend payer.
Similar Companies
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 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SRE's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.6%
SRE
-2.2%
GB Real Estate
-0.5%
GB Market
1 Year Return
-3.7%
SRE
-19.8%
GB Real Estate
-8.2%
GB Market
Return vs Industry: SRE exceeded the UK Real Estate industry which returned -19.8% over the past year.
Return vs Market: SRE exceeded the UK Market which returned -8.2% over the past year.
Shareholder returns
| SRE | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | -2.2% | -0.5% |
| 30 Day | -9.5% | -1.6% | 2.9% |
| 90 Day | 15.0% | 13.4% | 15.2% |
| 1 Year | -0.002%-3.7% | -18.5%-19.8% | -4.5%-8.2% |
| 3 Year | 66.2%46.6% | -11.2%-17.8% | 3.7%-9.0% |
| 5 Year | 136.6%91.4% | -19.3%-27.6% | 42.1%14.4% |
Long-Term 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
4 days ago | Simply Wall St
Shareholders Of Sirius Real Estate (LON:SRE) Must Be Happy With Their 147% Total Return2 weeks ago | Simply Wall St
Is Sirius Real Estate Limited (LON:SRE) Potentially Undervalued?Valuation
Is Sirius Real Estate undervalued compared to its fair value and its price relative to the market?
11.9x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SRE (£0.87) 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 (11.9x) compared to the GB Real Estate industry average (17.1x).
PE vs Market: SRE is good value based on its PE Ratio (11.9x) compared to the UK market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: SRE is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: SRE is overvalued based on its PB Ratio (1.2x) compared to the GB Real Estate industry average (0.9x).
Next Steps
Future Growth
How is Sirius Real Estate forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
5.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SRE's forecast earnings growth (5.2% per year) is above the savings rate (1%).
Earnings vs Market: SRE's earnings (5.2% per year) are forecast to grow slower than the UK market (25.3% per year).
High Growth Earnings: SRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: SRE's revenue is expected to decline over the next 3 years (-2.8% per year).
High Growth Revenue: SRE's revenue is forecast to decline over the next 3 years (-2.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SRE's Return on Equity is forecast to be low in 3 years time (7.1%).
Next Steps
Past Performance
How has Sirius Real Estate performed over the past 5 years?
16.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SRE has a large one-off gain of €29.5M impacting its September 30 2020 financial results.
Growing Profit Margin: SRE's current net profit margins (52.5%) are lower than last year (88.6%).
Past Earnings Growth Analysis
Earnings Trend: SRE's earnings have grown by 16.3% per year over the past 5 years.
Accelerating Growth: SRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SRE had negative earnings growth (-34.2%) over the past year, making it difficult to compare to the Real Estate industry average (-34.1%).
Return on Equity
High ROE: SRE's Return on Equity (10%) is considered low.
Next Steps
Financial Health
How is Sirius Real Estate's financial position?
Financial Position Analysis
Short Term Liabilities: SRE's short term assets (€145.5M) exceed its short term liabilities (€83.7M).
Long Term Liabilities: SRE's short term assets (€145.5M) do not cover its long term liabilities (€523.4M).
Debt to Equity History and Analysis
Debt Level: SRE's debt to equity ratio (58.7%) is considered high.
Reducing Debt: SRE's debt to equity ratio has reduced from 71.2% to 58.7% over the past 5 years.
Debt Coverage: SRE's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: SRE's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Sirius Real Estate current dividend yield, its reliability and sustainability?
3.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SRE's dividend (3.75%) is higher than the bottom 25% of dividend payers in the UK market (1.53%).
High Dividend: SRE's dividend (3.75%) is low compared to the top 25% of dividend payers in the UK market (4.57%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.4%), 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 (55.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Andrew Coombs (55 yo)
9yrs
Tenure
€968,598
Compensation
Mr. Andrew James Coombs has been the Chief Executive Officer at Sirius Facilities GmbH since December 2009. He joined the Sirius Facilities group in January 2010. Mr. Coombs has been the Chief Executive Of...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD1.18M) is below average for companies of similar size in the UK market ($USD1.76M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9yrs | €968.60k | 0.56% € 5.1m | |
| CFO & Executive Director | 6.67yrs | €765.53k | 0.64% € 5.8m | |
| Investor Relations Contact | no data | no data | no data | |
| Sales Director | 11yrs | no data | 0.098% € 885.1k | |
| Human Resources Director | no data | no data | no data | |
| Group Company Secretary | 0.67yr | no data | no data |
7.8yrs
Average Tenure
53yo
Average Age
Experienced Management: SRE's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9yrs | €968.60k | 0.56% € 5.1m | |
| CFO & Executive Director | 6.67yrs | €765.53k | 0.64% € 5.8m | |
| Independent Non-Executive Chairman | 2.33yrs | €134.40k | 0.0095% € 86.5k | |
| Independent Non-Executive Director | 1.58yrs | €35.74k | no data | |
| Senior Independent Non-Executive Director | 3.83yrs | €58.80k | 0.13% € 1.2m | |
| Independent Non-Executive Director | 0.58yr | no data | no data | |
| Independent Non-Executive Director | 0.58yr | no data | no data |
2.3yrs
Average Tenure
55yo
Average Age
Experienced Board: SRE's board of directors are not considered experienced ( 2.3 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: SRE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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£907.527m
- Shares outstanding: 1.05b
- 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 |
| EYI | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | 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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 02:27 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.