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Deutsche Wohnen

OTCPK:DWHH.F
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DWHH.F
OTCPK
€15B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Deutsche Wohnen SE, a residential property company, develops and manages residential properties in Germany and Europe. The last earnings update was 6 days ago. More info.


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DWHH.F Share Price and Events
7 Day Returns
3.1%
OTCPK:DWHH.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
3%
OTCPK:DWHH.F
-15.7%
US Real Estate
3%
US Market
DWHH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deutsche Wohnen (DWHH.F) 3.1% 3.1% - 3% 52% 131.3%
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • DWHH.F outperformed the Real Estate industry which returned -15.7% over the past year.
Price Volatility
DWHH.F
Industry
5yr Volatility vs Market

DWHH.F Value

 Is Deutsche Wohnen 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 Deutsche Wohnen 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 Deutsche Wohnen.

OTCPK:DWHH.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 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
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:DWHH.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))
= 1.11 (1 + (1- 30%) (62.22%))
1.398
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.398 * 5.96%)
11.06%

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

The calculations below outline how an intrinsic value for Deutsche Wohnen 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:DWHH.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.06%)
2019 -241.20 Analyst x1 -217.18
2020 -98.26 Analyst x5 -79.66
2021 336.50 Analyst x2 245.63
2022 339.68 Est @ 0.95% 223.26
2023 344.71 Est @ 1.48% 204.00
2024 351.11 Est @ 1.86% 187.09
2025 358.55 Est @ 2.12% 172.02
2026 366.80 Est @ 2.3% 158.45
2027 375.71 Est @ 2.43% 146.14
2028 385.18 Est @ 2.52% 134.90
Present value of next 10 years cash flows €1,174.65
OTCPK:DWHH.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €385.18 × (1 + 2.73%) ÷ (11.06% – 2.73%)
€4,749.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €4,749.00 ÷ (1 + 11.06%)10
€1,663.19
OTCPK:DWHH.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,174.65 + €1,663.19
€2,837.83
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,837.83 / 357.02
€7.95
OTCPK:DWHH.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.85
Current discount Discount to share price of $47.05
= -1 x ($47.05 - $8.85) / $8.85
-431.9%

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

  • The current share price of Deutsche Wohnen 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 Deutsche Wohnen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deutsche Wohnen's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:DWHH.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €5.16
XTRA:DWNI Share Price ** XTRA (2019-05-17) in EUR €42.28
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of Deutsche Wohnen.

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

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

= 42.28 ÷ 5.16

8.19x

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

  • Deutsche Wohnen is good value based on earnings compared to the US Real Estate industry average.
  • Deutsche Wohnen is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Deutsche Wohnen's expected growth come at a high price?
Raw Data
OTCPK:DWHH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-4.2%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.19x ÷ -4.2%

-1.93x

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

  • Deutsche Wohnen 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 Deutsche Wohnen's assets?
Raw Data
OTCPK:DWHH.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €32.57
XTRA:DWNI Share Price * XTRA (2019-05-17) in EUR €42.28
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:DWHH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 42.28 ÷ 32.57

1.3x

* Primary Listing of Deutsche Wohnen.

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

  • Deutsche Wohnen is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Deutsche Wohnen'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. Deutsche Wohnen 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.

DWHH.F Future Performance

 How is Deutsche Wohnen expected to perform in the next 1 to 3 years based on estimates from 11 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
-4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deutsche Wohnen expected to grow at an attractive rate?
  • Deutsche Wohnen'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
  • Deutsche Wohnen's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Deutsche Wohnen's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:DWHH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:DWHH.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -4.2%
OTCPK:DWHH.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2.4%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
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:DWHH.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:DWHH.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,129 753 1,293 1
2022-12-31 1,096 703 1,518 3
2021-12-31 947 581 1,470 8
2020-12-31 897 596 1,411 11
2019-12-31 870 490 1,606 7
OTCPK:DWHH.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,513 437 1,839
2018-12-31 1,441 469 1,833
2018-09-30 1,107 495 1,771
2018-06-30 1,092 566 1,700
2018-03-31 1,507 504 1,774
2017-12-31 1,503 518 1,718
2017-09-30 1,346 430 1,621
2017-06-30 1,285 409 1,602
2017-03-31 1,135 355 1,508
2016-12-31 1,131 22 1,584
2016-09-30 1,141 -4 1,297
2016-06-30 1,127 -11 1,260

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deutsche Wohnen's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Deutsche Wohnen's revenue is expected to grow by 2.4% 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:DWHH.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Deutsche Wohnen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DWHH.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 3.91 4.35 3.47 2.00
2021-12-31 3.45 4.62 2.67 9.00
2020-12-31 3.61 5.32 2.48 12.00
2019-12-31 4.42 5.82 3.35 10.00
OTCPK:DWHH.F Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 5.16
2018-12-31 5.15
2018-09-30 4.99
2018-06-30 4.79
2018-03-31 5.02
2017-12-31 4.88
2017-09-30 4.66
2017-06-30 4.66
2017-03-31 4.43
2016-12-31 4.69
2016-09-30 3.84
2016-06-30 3.73

*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.
  • Deutsche Wohnen is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Deutsche Wohnen'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.
Deutsche Wohnen 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.

DWHH.F Past Performance

  How has Deutsche Wohnen 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 Deutsche Wohnen'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.
  • Deutsche Wohnen has delivered over 20% year on year earnings growth in the past 5 years.
  • Deutsche Wohnen's 1-year earnings growth is less than its 5-year average (3.7% vs 24.3%)
  • Deutsche Wohnen's earnings growth has exceeded the US Real Estate industry average in the past year (3.7% vs -15.8%).
Earnings and Revenue History
Deutsche Wohnen'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 Deutsche Wohnen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DWHH.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,512.70 1,839.10 96.90
2018-12-31 1,441.10 1,833.00 93.70
2018-09-30 1,106.70 1,770.50 87.00
2018-06-30 1,091.60 1,700.40 82.50
2018-03-31 1,507.20 1,773.90 82.20
2017-12-31 1,503.00 1,717.90 81.30
2017-09-30 1,346.30 1,620.70 79.40
2017-06-30 1,285.20 1,601.90 79.00
2017-03-31 1,135.40 1,507.80 76.30
2016-12-31 1,130.90 1,583.90 73.70
2016-09-30 1,140.59 1,296.95 72.25
2016-06-30 1,126.81 1,260.16 72.47
2016-03-31 1,499.67 1,323.38 72.48
2015-12-31 1,376.97 1,154.91 74.70
2015-09-30 1,343.07 1,217.24 93.38
2015-06-30 1,320.27 1,288.42 87.30
2015-03-31 916.63 764.54 88.50
2014-12-31 951.47 855.91 92.62
2014-09-30 924.90 284.77 74.59
2014-06-30 829.15 253.75 74.94
2014-03-31 733.93 230.49 66.03
2013-12-31 602.53 212.41 54.96
2013-09-30 536.42 161.22 51.76
2013-06-30 502.74 158.77 48.75
2013-03-31 475.06 157.30 46.62
2012-12-31 449.82 145.51 42.62
2012-09-30 442.99 81.62 37.26
2012-06-30 417.49 70.56 35.65

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

DWHH.F Health

 How is Deutsche Wohnen'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 Deutsche Wohnen's finances.

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

OTCPK:DWHH.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,980.60 9,391.90 453.30
2018-12-31 11,908.10 9,244.10 332.80
2018-09-30 10,776.40 8,599.60 674.20
2018-06-30 10,582.30 7,601.30 489.30
2018-03-31 10,316.40 7,294.30 350.60
2017-12-31 10,211.00 7,318.20 363.70
2017-09-30 9,146.60 7,201.80 395.00
2017-06-30 9,111.80 7,042.70 323.10
2017-03-31 8,737.20 6,729.50 592.90
2016-12-31 8,234.00 6,424.40 192.20
2016-09-30 7,315.52 6,095.97 277.78
2016-06-30 7,324.26 6,061.83 295.95
2016-03-31 6,986.22 5,879.35 330.98
2015-12-31 6,798.05 5,289.02 661.57
2015-09-30 6,224.53 5,218.75 630.18
2015-06-30 6,231.19 5,156.20 648.44
2015-03-31 4,846.03 5,669.02 562.42
2014-12-31 4,876.07 5,666.61 396.40
2014-09-30 4,094.17 5,754.99 620.29
2014-06-30 3,954.48 5,447.96 183.09
2014-03-31 3,977.79 5,470.15 180.09
2013-12-31 3,944.28 5,570.90 196.42
2013-09-30 1,980.30 3,244.60 112.04
2013-06-30 1,963.73 3,184.67 105.54
2013-03-31 1,838.71 3,036.18 199.97
2012-12-31 1,609.67 2,921.10 90.57
2012-09-30 1,522.29 2,774.43 162.55
2012-06-30 1,530.99 1,939.54 607.83
  • Deutsche Wohnen's level of debt (78.4%) 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 (137.5% vs 78.4% today).
  • Debt is not well covered by operating cash flow (4.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.5x coverage).
X
Financial health checks
We assess Deutsche Wohnen'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. Deutsche Wohnen 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.

DWHH.F Dividends

 What is Deutsche Wohnen'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
2.06%
Current annual income from Deutsche Wohnen dividends. Estimated to be 2.48% next year.
If you bought $2,000 of Deutsche Wohnen shares you are expected to receive $41 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?
  • Deutsche Wohnen's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Deutsche Wohnen's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
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:DWHH.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 11 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 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:DWHH.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.35 1.00
2022-12-31 1.26 3.00
2021-12-31 1.08 14.00
2020-12-31 1.02 18.00
2019-12-31 0.98 13.00
OTCPK:DWHH.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.870 2.106
2018-06-15 0.800 1.916
2017-04-26 0.740 2.067
2016-03-18 0.540 1.791
2015-03-26 0.440 1.855
2014-03-28 0.340 1.903
2014-03-11 0.340 2.243
2013-03-26 0.210 1.517
2013-01-15 0.210 1.484
2012-03-29 0.230 1.753
2011-02-28 0.200 1.920

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

  • Whilst dividend payments have been stable, Deutsche Wohnen has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Deutsche Wohnen only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Deutsche Wohnen's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Deutsche Wohnen'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 Deutsche Wohnen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deutsche Wohnen 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.

DWHH.F Management

 What is the CEO of Deutsche Wohnen'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
Michael Zahn
COMPENSATION €2,309,000
AGE 55
TENURE AS CEO 10.4 years
CEO Bio

Mr. Michael Zahn is Chairman of the Management Board at Deutsche Wohnen SE. In December 2008, Mr. Zahn was appointed as the Chief Executive Officer of Deutsche Wohnen SE. graduated as an Economist from the Albert Ludwig University in Freiburg im Breisgau in 1992. Whilst working, he then completed post-graduate courses of study in corporate real estate management and chartered surveying at the European Business School in OestrichWinkel. Between 1997 and 2007 Mr. Zahn worked in various senior management positions for the GEHAG GmbH. From January 2014 till end of December 2014, he was appointed as CEO of GSW Immobilien AG. He served as Chairman of the Supervisory Board of GSW Immobilien AG since June 2015 . He was appointed as Chairman of the Supervisory Board of TLG IMMOBILIEN AG in September 08, 2014 and since June 2017 he is member of the Supervisory board of Scout24 AG. Furthermore he is active in various associations as well as in the Economic Board of the CDU party, Berlin (chairman oft he federal Expert Commission Construction, Real Estate and Smart Cities) as well as in the Füchse Berlin Handball GmbH, Berlin (Member of the Advisory Board). Overall, he has management experience in the property sector in a variety of shareholder structures – including private-equity, banking and the publicly listed sector. Membership on other supervisory boards:- • Chairman of the Supervisory Board of TLG IMMOBILIEN AG, Berlin; • Member of the Supervisory Board of Scout24 AG, Munich. Memberships in comparable supervising bodies of German or foreign corporations and other relevant activities:- • G+D Gesellschaft für Energiemanagement GmbH, Magdeburg (Chairman of the Advisory Board); • Funk Schadensmanagement GmbH, Berlin (Chairman of the Advisory Board); • DZ Bank AG, Frankfurt am Main (Member of the Advisory Board); • GETEC Wärme & Effizienz AG, Magdeburg (Member of Real estate consulting).

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year.
  • Michael's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Deutsche Wohnen management team in years:

2.4
Average Tenure
45
Average Age
  • The tenure for the Deutsche Wohnen management team is about average.
Management Team

Michael Zahn

TITLE
Chairman of the Management Board & CEO
COMPENSATION
€2M
AGE
55
TENURE
10.4 yrs

Lars Wittan

TITLE
Deputy Chairman of the Management Board
COMPENSATION
€1M
AGE
41
TENURE
2.2 yrs

Philip Grosse

TITLE
CFO & Member of the Management Board
COMPENSATION
€945K
AGE
48
TENURE
2.7 yrs

Lars Urbansky

TITLE
Member of the Executive Board
AGE
42
TENURE
0.1 yrs

Sebastian Jacob

TITLE
Head of Investor Relations

Marcus Eilers

TITLE
Managing Director of Corporate Development & Strategy

Jens Koglin

TITLE
Managing Director of Human Resources

Andy Herrmann

TITLE
Managing Director of Financing
Board of Directors Tenure

Average tenure and age of the Deutsche Wohnen board of directors in years:

3.3
Average Tenure
53
Average Age
  • The tenure for the Deutsche Wohnen board of directors is about average.
Board of Directors

Matthias Hünlein

TITLE
Chairman of the Supervisory Board
AGE
55
TENURE
0.9 yrs

Andreas Kretschmer

TITLE
Supervisory Board Deputy Chairman
TENURE
12.8 yrs

Florian Stetter

TITLE
Supervisory Board Member
AGE
53
TENURE
13.2 yrs

Claus Wisser

TITLE
Supervisory Board Member
AGE
76
TENURE
4.9 yrs

Jürgen Fenk

TITLE
Supervisory Board Member
AGE
52
TENURE
1.6 yrs

Tina Kleingarn

TITLE
Member of the Supervisory Board
AGE
44
TENURE
0.9 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 Deutsche Wohnen'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. Deutsche Wohnen 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.

DWHH.F News

Simply Wall St News

DWHH.F Company Info

Description

Deutsche Wohnen SE, a residential property company, develops and manages residential properties in Germany and Europe. The company operates through three segments: Residential Property Management, Disposals, and Nursing and Assisted Living. Its property portfolio consists of approximately 167,000 residential and commercial units; nursing properties with approximately 12,100 beds; and apartments for assisted living. The company manages and markets nursing and residential care homes, as well as provides services for the care of the senior citizens. Deutsche Wohnen SE was founded in 1924 and is headquartered in Berlin, Germany.

Details
Name: Deutsche Wohnen SE
DWHH.F
Exchange: OTCPK
Founded: 1924
€16,846,881,250
357,020,000
Website: http://www.deutsche-wohnen.com
Address: Deutsche Wohnen SE
Mecklenburgische Strasse 57,
Berlin,
Berlin, 14197,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA DWNI Bearer Shares XETRA Trading Platform DE EUR 03. Jul 2006
OTCPK DWHH.F Bearer Shares Pink Sheets LLC US USD 03. Jul 2006
DB DWNI Bearer Shares Deutsche Boerse AG DE EUR 03. Jul 2006
LSE 0OBQ Bearer Shares London Stock Exchange GB EUR 03. Jul 2006
SWX DWNI Bearer Shares SIX Swiss Exchange CH CHF 03. Jul 2006
WBAG DWNI Bearer Shares Wiener Boerse AG AT EUR 03. Jul 2006
BATS-CHIXE DWNID Bearer Shares BATS 'Chi-X Europe' GB EUR 03. Jul 2006
OTCPK DTCW.Y UNSPONSORED ADR Pink Sheets LLC US USD 08. Feb 2017
DB DWNP UNSPONSORED ADR Deutsche Boerse AG DE EUR 08. Feb 2017
DB DWNN NPV BR (NEW SHS) Deutsche Boerse AG DE EUR 07. Jan 2019
LSE 0RCV NPV (ASD VONOVIA 09.02.16) London Stock Exchange GB EUR 02. Dec 2015
Number of employees
Current staff
Staff numbers
1,280
Deutsche Wohnen employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:09
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
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.