Atrium European Real Estate Limited, together with its subsidiaries, owns, manages, and operates commercial real estate properties in the retail sector in Poland, the Czech Republic, Slovakia, Russia, Hungary, Romania, and Turkey.
Second-rate dividend payer and slightly overvalued.
Share Price & News
How has Atrium European Real Estate's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATRB.F has not had significant price volatility in the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: Insufficient data to determine how ATRB.F performed against the US Real Estate industry.
Return vs Market: Insufficient data to determine how ATRB.F performed against the US Market.
Price Volatility Vs. Market
How volatile is Atrium European Real Estate's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Atrium European Real Estate undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ATRB.F ($3.9) is trading above our estimate of fair value ($3.21)
Significantly Below Fair Value: ATRB.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ATRB.F is good value based on its PE Ratio (19x) compared to the Real Estate industry average (22.8x).
PE vs Market: ATRB.F is poor value based on its PE Ratio (19x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: ATRB.F is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: ATRB.F is good value based on its PB Ratio (0.7x) compared to the US Real Estate industry average (1.4x).
How is Atrium European Real Estate forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATRB.F's forecast earnings growth (9% per year) is above the savings rate (1.7%).
Earnings vs Market: ATRB.F's earnings (9% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: ATRB.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: ATRB.F's revenue is expected to decline over the next 3 years (-1.5% per year).
High Growth Revenue: ATRB.F's revenue is forecast to decline over the next 3 years (-1.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ATRB.F's Return on Equity is forecast to be low in 3 years time (5.6%).
How has Atrium European Real Estate performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATRB.F has a large one-off loss of €29.3M impacting its June 30 2019 financial results.
Growing Profit Margin: ATRB.F's current net profit margins (27.3%) are lower than last year (28.9%).
Past Earnings Growth Analysis
Earnings Trend: ATRB.F's earnings have grown significantly by 36.9% per year over the past 5 years.
Accelerating Growth: ATRB.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ATRB.F had negative earnings growth (-9.5%) over the past year, making it difficult to compare to the Real Estate industry average (-31.1%).
Return on Equity
High ROE: ATRB.F's Return on Equity (3.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Atrium European Real Estate's financial position?
Financial Position Analysis
Short Term Liabilities: ATRB.F's short term assets (€390.3M) exceed its short term liabilities (€353.5M).
Long Term Liabilities: ATRB.F's short term assets (€390.3M) do not cover its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: ATRB.F's debt to equity ratio (73.8%) is considered high.
Reducing Debt: ATRB.F's debt to equity ratio has increased from 30.6% to 73.8% over the past 5 years.
Debt Coverage: ATRB.F's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: ATRB.F's interest payments on its debt are well covered by EBIT (3.8x coverage).
Inventory Level: ATRB.F has a high level of physical assets or inventory.
Debt Coverage by Assets: ATRB.F's debt is not covered by short term assets (assets are 0.3x debt).
What is Atrium European Real Estate's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ATRB.F's dividend (7.79%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ATRB.F's dividend (7.79%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: ATRB.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: ATRB.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (147.8%), ATRB.F's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ATRB.F's dividends in 3 years are not forecast to be well covered by earnings (98.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Liad Barzilai (41yo)
Mr. Liad Barzilai has been Group Chief Executive Officer of Atrium European Real Estate Limited since February 23, 2017. Mr. Barzilai served as Deputy Chief Executive Officer of Atrium European Real Estate ...
CEO Compensation Analysis
Compensation vs Market: Liad's total compensation ($USD1.18M) is below average for companies of similar size in the US market ($USD3.81M).
Compensation vs Earnings: Liad's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Group Chief Executive Officer||3yrs||€1.09m||no data|
|Group Chief Financial Officer||4.8yrs||€761.00k||no data|
|Group Chief Operating Officer||2.3yrs||€545.00k||no data|
|Group Chief Development Officer||2.3yrs||€338.00k||no data|
|Chief Financial Officer of Czech Republic and Slovakia||0yrs||no data||no data|
|Chief Operating Officer of Russia||0yrs||no data||no data|
|Chief Operating Officer of Czech Republic and Slovakia||0yrs||no data||no data|
|Chief Financial Officer of Russia||0yrs||no data||no data|
|Chief Financial Officer of Romania||0yrs||no data||no data|
|Group Head of Leasing||0yrs||no data||no data|
Experienced Management: ATRB.F's management team is considered experienced (2.7 years average tenure).
|Independent Non-Executive Director||2.8yrs||€236.00k||no data|
|Chairman of the Board||11.5yrs||€700.00k||0.10% €1.5m|
|Independent Non-Executive Director||11.9yrs||€238.00k||0.0023% €32.2k|
|Independent Non-Executive Director||11.9yrs||€227.00k||0.0053% €75.2k|
|Independent Non-Executive Director||2.8yrs||€226.00k||no data|
|Independent Non-Executive Director||1.8yrs||€196.00k||no data|
Experienced Board: ATRB.F's board of directors are considered experienced (7.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Atrium European Real Estate Limited's company bio, employee growth, exchange listings and data sources
- Name: Atrium European Real Estate Limited
- Ticker: ATRB.F
- Exchange: OTCPK
- Founded: 1997
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €1.310b
- Listing Market Cap: €1.423b
- Shares outstanding: 378.16m
- Website: https://www.aere.com
Number of Employees
- Atrium European Real Estate Limited
- Channel House
- 4th Floor
- St. Helier
- JE2 4UH
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ATRB.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Nov 2002|
|ATRS||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Nov 2002|
|ODDB||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 2002|
|ATRS||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Nov 2002|
|0MK2||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Nov 2002|
|ATRSV||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Nov 2002|
|ATRSA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Nov 2002|
Atrium European Real Estate Limited, together with its subsidiaries, owns, manages, and operates commercial real estate properties in the retail sector in Poland, the Czech Republic, Slovakia, Russia, Hungary, Romania, and Turkey. The company operates in two segments, Standing Investment and Development. Its property portfolio includes food- and fashion-anchored shopping centers. The company owns 33 shopping centers and retail properties. It is also involved in redevelopment activities, as well as activities related to land plots. The company was formerly known as Meinl European Land Limited and changed its name to Atrium European Real Estate Limited in May 2008. The company was founded in 1997 and is based in St. Helier, Jersey. Atrium European Real Estate Limited is a subsidiary of Gazit-Globe Ltd.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 01:45|
|End of Day Share Price||2020/01/17 00:00|
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.