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ADO Properties

OTCPK:ADPP.F
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ADPP.F
OTCPK
€2B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

ADO Properties S.A., together with its subsidiaries, operates as a residential real estate company in Germany. The last earnings update was 64 days ago. More info.


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ADPP.F Share Price and Events
7 Day Returns
-
OTCPK:ADPP.F
-0.8%
US Real Estate
0.2%
US Market
1 Year Returns
-
OTCPK:ADPP.F
-16.5%
US Real Estate
2.9%
US Market
ADPP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ADO Properties (ADPP.F) - - - - - -
US Real Estate -0.8% -6.9% -9.9% -16.5% 14.5% 1%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • No trading data on ADPP.F.
  • No trading data on ADPP.F.
Price Volatility
ADPP.F
Industry
5yr Volatility vs Market

Value

 Is ADO Properties 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 ADO Properties 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 ADO Properties.

OTCPK:ADPP.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:ADPP.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 26.01%) (76.13%))
1.49
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.49 * 5.96%)
11.61%

Discounted Cash Flow Calculation for OTCPK:ADPP.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ADO Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ADPP.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.61%)
2019 -10.00 Analyst x1 -8.96
2020 8.00 Analyst x1 6.42
2021 17.00 Analyst x1 12.23
2022 8.87 Est @ -47.8% 5.72
2023 5.98 Est @ -32.64% 3.45
2024 4.66 Est @ -22.03% 2.41
2025 3.98 Est @ -14.6% 1.84
2026 3.61 Est @ -9.4% 1.50
2027 3.40 Est @ -5.76% 1.26
2028 3.29 Est @ -3.21% 1.10
Present value of next 10 years cash flows €26.97
OTCPK:ADPP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €3.29 × (1 + 2.73%) ÷ (11.61% – 2.73%)
€38.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €38.04 ÷ (1 + 11.61%)10
€12.68
OTCPK:ADPP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €26.97 + €12.68
€39.65
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €39.65 / 44.10
€0.9
OTCPK:ADPP.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.00
Current discount Discount to share price of $54.50
= -1 x ($54.50 - $1.00) / $1.00
-5358.7%

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

  • The current share price of ADO Properties 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 ADO Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ADO Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ADPP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €8.77
XTRA:ADJ Share Price ** XTRA (2019-05-17) in EUR €49.08
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

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

** Primary Listing of ADO Properties.

OTCPK:ADPP.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:ADJ Share Price ÷ EPS (both in EUR)

= 49.08 ÷ 8.77

5.59x

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

  • ADO Properties is good value based on earnings compared to the US Real Estate industry average.
  • ADO Properties is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does ADO Properties's expected growth come at a high price?
Raw Data
OTCPK:ADPP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-10.1%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.45x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:ADPP.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.59x ÷ -10.1%

-0.55x

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

  • ADO Properties 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 ADO Properties's assets?
Raw Data
OTCPK:ADPP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €48.73
XTRA:ADJ Share Price * XTRA (2019-05-17) in EUR €49.08
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:ADPP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:ADJ Share Price ÷ Book Value per Share (both in EUR)

= 49.08 ÷ 48.73

1.01x

* Primary Listing of ADO Properties.

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

  • ADO Properties is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess ADO Properties'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. ADO Properties has a total score of 3/6, 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.

Future Performance

 How is ADO Properties expected to perform in the next 1 to 3 years based on estimates from 4 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
-10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ADO Properties expected to grow at an attractive rate?
  • ADO Properties's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ADO Properties's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • ADO Properties's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ADPP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ADPP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -10.1%
OTCPK:ADPP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.6%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:ADPP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ADPP.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 193 1
2021-12-31 195 164 297 3
2020-12-31 176 136 294 3
2019-12-31 166 113 365 2
OTCPK:ADPP.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 155 104 387
2018-09-30 152 106 411
2018-06-30 143 102 394
2018-03-31 134 90 358
2017-12-31 129 86 356
2017-09-30 122 79 422
2017-06-30 117 76 433
2017-03-31 115 78 401
2016-12-31 110 76 395
2016-09-30 103 74 229
2016-06-30 95 69 229
2016-03-31 87 62 125

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ADO Properties's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • ADO Properties's revenue is expected to grow by 6.6% 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
OTCPK:ADPP.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from ADO Properties Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ADPP.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.64 1.64 1.64 1.00
2021-12-31 5.36 6.01 4.91 5.00
2020-12-31 5.30 5.63 4.69 5.00
2019-12-31 6.27 7.46 4.97 4.00
OTCPK:ADPP.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 8.77
2018-09-30 9.32
2018-06-30 8.93
2018-03-31 8.07
2017-12-31 8.07
2017-09-30 9.58
2017-06-30 10.06
2017-03-31 9.71
2016-12-31 10.11
2016-09-30 6.22
2016-06-30 6.51
2016-03-31 3.90

*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.
  • ADO Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ADO Properties'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
ADO Properties has a total score of 0/6, 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.

Past Performance

  How has ADO Properties 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 ADO Properties'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.
  • ADO Properties has delivered over 20% year on year earnings growth in the past 5 years.
  • ADO Properties's 1-year earnings growth is less than its 5-year average (8.7% vs 38.1%)
  • ADO Properties's earnings growth has exceeded the US Real Estate industry average in the past year (8.7% vs -15.8%).
Earnings and Revenue History
ADO Properties'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 ADO Properties Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ADPP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 154.85 386.96 18.00
2018-09-30 152.22 411.20 15.45
2018-06-30 142.52 393.61 13.84
2018-03-31 133.74 357.51 13.20
2017-12-31 128.85 355.97 12.31
2017-09-30 121.83 422.33 14.22
2017-06-30 117.12 432.65 13.45
2017-03-31 114.92 401.38 13.15
2016-12-31 109.78 395.15 12.89
2016-09-30 102.83 229.29 10.02
2016-06-30 95.37 228.55 9.54
2016-03-31 87.23 124.59 8.39
2015-12-31 75.75 148.19 7.20
2015-09-30 62.72 64.42 5.30
2015-06-30 51.15 72.45 4.45
2015-03-31 40.39 91.78 3.69
2014-12-31 34.33 68.49 3.16
2013-12-31 22.67 22.85 2.69
2012-12-31 15.70 14.70 2.58

*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.
  • ADO Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ADO Properties used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • ADO Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ADO Properties'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.
ADO Properties 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.

Health

 How is ADO Properties'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 ADO Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ADO Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ADO Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ADO Properties'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 0.1x 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 ADO Properties Company Filings, last reported 4 months ago.

OTCPK:ADPP.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,197.28 1,647.85 27.97
2018-09-30 2,014.14 1,645.95 32.13
2018-06-30 1,999.27 1,613.84 13.26
2018-03-31 1,844.49 1,447.10 65.19
2017-12-31 1,831.49 1,449.59 121.53
2017-09-30 1,620.38 1,341.59 234.46
2017-06-30 1,623.17 936.95 58.74
2017-03-31 1,498.17 914.11 91.72
2016-12-31 1,486.50 918.82 183.42
2016-09-30 1,203.60 922.75 215.31
2016-06-30 1,001.50 823.50 73.03
2016-03-31 798.63 801.92 35.11
2015-12-31 794.43 789.40 69.45
2015-09-30 681.17 721.24 97.62
2015-06-30 181.31 1,012.39 14.87
2015-03-31 173.88 1,014.69 24.20
2014-12-31 131.07 618.99 9.66
2013-12-31 55.74 408.53 4.67
2012-12-31 19.30 241.35 1.58
  • ADO Properties's level of debt (75%) 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 (731.2% vs 75% today).
  • Debt is not well covered by operating cash flow (6.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess ADO Properties'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. ADO Properties 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.

Dividends

 What is ADO Properties'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
1.53%
Current annual income from ADO Properties dividends. Estimated to be 1.73% next year.
If you bought $2,000 of ADO Properties shares you are expected to receive $31 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?
  • ADO Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • ADO Properties's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
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
OTCPK:ADPP.F 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 4 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:ADPP.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.98 1.00
2021-12-31 0.92 8.00
2020-12-31 0.84 8.00
2019-12-31 0.77 8.00
OTCPK:ADPP.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.750 1.548
2018-03-20 0.600 1.234
2017-03-22 0.450 1.127
2016-05-19 0.350 1.033
2016-05-04 0.350 1.160

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

  • Whilst dividend payments have been stable, ADO Properties has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but ADO Properties only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of ADO Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (11.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess ADO Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 ADO Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ADO Properties has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of ADO Properties'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
Rabin Savion
COMPENSATION €649,100
AGE 51
CEO Bio

Mr. Rabin Savion serves as the Chief Executive Officer and Director of ADO Properties S.A. In 2006, Mr. Savion co-founded ADO Properties S.A. In 2005, he joined Postfuhramt Oranienburgerstrasse GmbH as a Managing Director. In 2002, he joined Oxford Capital Investment / Pine Equity as the Vice President for international business development & marketing. From 2001 to 2002, he worked as the International Business Director at MAN Properties, in affiliation with CBRE. From 1992 to 2001, Mr. Savion worked with various real estate and hotel consulting firms including PKF Consulting (US), amongst others, as a Consultant. He studied hospitality management at the Florida International University and received his bachelor of science degree in 1992.

CEO Compensation
  • Rabin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rabin's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Rabin Savion

TITLE
CEO & Director
COMPENSATION
€649K
AGE
51

Florian Goldgruber

TITLE
Chief Financial Officer
COMPENSATION
€391K
AGE
42
TENURE
2.8 yrs

Eyal Horn

TITLE
Chief Operating Officer
COMPENSATION
€386K
AGE
43

David Daniel

TITLE
Executive Vice Chairman
AGE
47

Heiko Imiela

TITLE
Communications Adviser

Julia Hasinski

TITLE
Head of Public Relations & Marketing
AGE
29

Melanie Falke

TITLE
Head of Human Resources
AGE
35

Kathatina Kautz

TITLE
Head of Facility Management
AGE
42

Keren Yacobi

TITLE
Controller
Board of Directors Tenure

Average tenure and age of the ADO Properties board of directors in years:

1.5
Average Tenure
53
Average Age
  • The average tenure for the ADO Properties board of directors is less than 3 years, this suggests a new board.
Board of Directors

Moshe Dayan

TITLE
Chairman of the Board
AGE
66
TENURE
0.2 yrs

Rabin Savion

TITLE
CEO & Director
COMPENSATION
€649K
AGE
51
TENURE
3.8 yrs

David Daniel

TITLE
Executive Vice Chairman
AGE
47
TENURE
0.3 yrs

Michael Bütter

TITLE
Independent Director
AGE
48
TENURE
3.8 yrs

Amit Segev

TITLE
Director
AGE
63
TENURE
3.8 yrs

Jörn Stobbe

TITLE
Non-Executive Director
AGE
53
TENURE
2.7 yrs

Sebastian-Dominik Jais

TITLE
Director
TENURE
0.2 yrs

Constantine Papadimitriou

TITLE
Director
AGE
57
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess ADO Properties'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. ADO Properties 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.

News

Simply Wall St News

Company Info

Description

ADO Properties S.A., together with its subsidiaries, operates as a residential real estate company in Germany. The company operates through Residential Property Management and Privatization segments. It is involved in the rental and management of residential properties, including modernization and maintenance of residential properties, management of tenancy agreements, and marketing of residential units. The company also engages in holding, operating, and selling commercial units; and the modernization, maintenance, and management of non-vacant units. As of December 31, 2018, its property portfolio consisted of 22,067 residential units with a total residential lettable area of 1,454,255 square meters; 1,450 commercial units, such as retail, office, and other commercial units with a total commercial lettable area of 171,199 square meters; and 5,401 parking spaces and spaces for storage, antennas, etc. The company was founded in 2006 and is based in Senningerberg, Luxembourg. ADO Properties S.A. is a subsidiary of ADO Group ltd.

Details
Name: ADO Properties S.A.
ADPP.F
Exchange: OTCPK
Founded: 2006
€2,413,770,492
44,100,000
Website: http://www.ado.properties
Address: ADO Properties S.A.
1B Heienhaff,
Senningerberg,
1736,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ADJ Ordinary Shares XETRA Trading Platform DE EUR 23. Jul 2015
OTCPK ADPP.F Ordinary Shares Pink Sheets LLC US USD 23. Jul 2015
DB ADJ Ordinary Shares Deutsche Boerse AG DE EUR 23. Jul 2015
LSE 0RA1 Ordinary Shares London Stock Exchange GB EUR 23. Jul 2015
SWX ADJ Ordinary Shares SIX Swiss Exchange CH CHF 23. Jul 2015
WBAG ADJ Ordinary Shares Wiener Boerse AG AT EUR 23. Jul 2015
Number of employees
Current staff
Staff numbers
354
ADO Properties employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 06:33
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.