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IMMOFINANZ

OTCPK:IMMZ.F
Snowflake Description

Fair value second-rate dividend payer.

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

IMMOFINANZ AG acquires, develops, rents, and manages properties in primarily Austria, Germany, Poland, the Czech Republic, Slovakia, Romania, and Hungary. The last earnings update was 76 days ago. More info.


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IMMZ.F Share Price and Events
7 Day Returns
0%
OTCPK:IMMZ.F
0.1%
US Real Estate
-0.7%
US Market
1 Year Returns
-
OTCPK:IMMZ.F
-6.1%
US Real Estate
1.6%
US Market
IMMZ.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IMMOFINANZ (IMMZ.F) 0% 0% 0% - 1216.7% 398.9%
US Real Estate 0.1% 8.1% 5.5% -6.1% 46.2% 6.7%
US Market -0.7% 4.7% 0.4% 1.6% 46.1% 38.8%
1 Year Return vs Industry and Market
  • No trading data on IMMZ.F.
  • No trading data on IMMZ.F.
Price Volatility
IMMZ.F
Industry
5yr Volatility vs Market

IMMZ.F Value

 Is IMMOFINANZ 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 IMMOFINANZ 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 IMMOFINANZ.

OTCPK:IMMZ.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 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.3%
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:IMMZ.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.174 (1 + (1- 25%) (95.5%))
2.016
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 7.27%)
17.27%

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

The calculations below outline how an intrinsic value for IMMOFINANZ is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:IMMZ.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 147.84 140.05 139.55 140.30 140.80
Source Analyst x5 Analyst x5 Analyst x2 Analyst x2 Analyst x2
Present Value
Discounted (@ 17.27%)
126.07 101.84 86.53 74.18 63.48
Present value of next 5 years cash flows €452.10
OTCPK:IMMZ.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €140.80 × (1 + 2.73%) ÷ (17.27% – 2.73%)
€994.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €994.80 ÷ (1 + 17.27%)5
€448.54
OTCPK:IMMZ.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €452.10 + €448.54
€900.64
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €900.64 / 109.02
€8.59
OTCPK:IMMZ.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:IMMZ.F represents 1.03947x of WBAG:IIA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03947x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.26 x 1.03947
$8.59
Value per share (USD) From above. $8.59
Current discount Discount to share price of $23.70
= -1 x ($23.70 - $8.59) / $8.59
-176%

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

  • The current share price of IMMOFINANZ 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 IMMOFINANZ's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IMMOFINANZ's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:IMMZ.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €1.82
WBAG:IIA Share Price ** WBAG (2018-11-15) in EUR €22.8
United States of America Real Estate Industry PE Ratio Median Figure of 29 Publicly-Listed Real Estate Companies 14.28x
United States of America Market PE Ratio Median Figure of 3,051 Publicly-Listed Companies 16.85x

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

** Primary Listing of IMMOFINANZ.

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

= WBAG:IIA Share Price ÷ EPS (both in EUR)

= 22.8 ÷ 1.82

12.53x

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

  • IMMOFINANZ is good value based on earnings compared to the US Real Estate industry average.
  • IMMOFINANZ is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does IMMOFINANZ's expected growth come at a high price?
Raw Data
OTCPK:IMMZ.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-11%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies 0.36x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.53x ÷ -11%

-1.14x

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

  • IMMOFINANZ 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 IMMOFINANZ's assets?
Raw Data
OTCPK:IMMZ.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €25.54
WBAG:IIA Share Price * WBAG (2018-11-15) in EUR €22.8
United States of America Real Estate Industry PB Ratio Median Figure of 56 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,121 Publicly-Listed Companies 1.8x
OTCPK:IMMZ.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:IIA Share Price ÷ Book Value per Share (both in EUR)

= 22.8 ÷ 25.54

0.89x

* Primary Listing of IMMOFINANZ.

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

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

IMMZ.F Future Performance

 How is IMMOFINANZ expected to perform in the next 1 to 3 years based on estimates from 9 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
-11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IMMOFINANZ expected to grow at an attractive rate?
  • IMMOFINANZ'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
  • IMMOFINANZ's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • IMMOFINANZ's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:IMMZ.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:IMMZ.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -11%
OTCPK:IMMZ.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -1.8%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:IMMZ.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 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:IMMZ.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 263 156 151 1
2021-12-31 276 151 139 3
2020-12-31 263 139 169 9
2019-12-31 259 132 171 9
2018-12-31 241 170 218 8
OTCPK:IMMZ.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 602 54 202
2018-06-30 488 65 159
2018-03-31 580 39 87
2017-12-31 722 85 183
2017-09-30 939 131 369
2017-06-30 943 149 273
2017-03-31 883 205 275
2016-12-31 731 148 33
2016-10-31 687 45 -677
2016-07-31 829 92 -466
2016-04-30 691 65 -111
2016-01-31 804 100 -628
2015-12-31 492 91
2015-10-31 749 148 -253

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IMMOFINANZ's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • IMMOFINANZ's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:IMMZ.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 9 Analyst Estimates (S&P Global) See Below

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

OTCPK:IMMZ.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 1.35 1.35 1.35 1.00
2021-12-31 1.28 1.97 0.87 3.00
2020-12-31 1.25 1.68 1.04 6.00
2019-12-31 1.38 2.54 0.99 7.00
2018-12-31 2.10 2.65 1.23 5.00
OTCPK:IMMZ.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 1.82
2018-06-30 1.46
2018-03-31 0.81
2017-12-31 1.74
2017-09-30 3.62
2017-06-30 2.71
2017-03-31 2.74
2016-12-31 0.34
2016-10-31 -7.00
2016-07-31 -4.80
2016-04-30 -1.14
2016-01-31 -6.37
2015-12-31
2015-10-31 -2.65

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

IMMZ.F Past Performance

  How has IMMOFINANZ 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 IMMOFINANZ'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.
  • IMMOFINANZ has delivered over 20% year on year earnings growth in the past 5 years.
  • IMMOFINANZ's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • IMMOFINANZ's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
IMMOFINANZ'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 IMMOFINANZ Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IMMZ.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 602.17 202.14 8.89
2018-06-30 488.35 159.21 12.34
2018-03-31 580.33 86.68 11.58
2017-12-31 721.94 183.48 11.63
2017-09-30 938.73 369.13 10.97
2017-06-30 943.31 272.67 14.33
2017-03-31 883.35 275.30 15.15
2016-12-31 730.68 33.45 16.48
2016-10-31 686.90 -677.29 17.28
2016-07-31 829.35 -465.88 25.01
2016-04-30 691.00 -111.09 21.96
2016-01-31 804.04 -628.30 27.59
2015-12-31 492.45 91.05
2015-10-31 748.97 -253.25 39.75
2015-07-31 703.76 -271.59 32.02
2015-04-30 587.50 -392.52 34.43
2015-01-31 745.53 25.55 -17.92
2014-10-31 745.44 -43.82 4.28
2014-07-31 1,176.40 -18.69 33.42
2014-04-30 1,248.25 68.85 35.05
2014-01-31 982.60 -61.24 115.47
2013-10-31 1,137.19 14.06 120.08
2013-07-31 792.77 77.35 113.80
2013-04-30 834.50 10.93 115.98
2013-01-31 1,125.27 210.88 80.84
2012-10-31 1,094.33 111.51 84.79
2012-07-31 1,069.32 250.55 91.68
2012-04-30 1,061.11 271.76 101.85

*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.
  • IMMOFINANZ has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IMMOFINANZ used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • IMMOFINANZ's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess IMMOFINANZ'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.
IMMOFINANZ has a total score of 1/6, 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.

IMMZ.F Health

 How is IMMOFINANZ'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 IMMOFINANZ's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IMMOFINANZ is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IMMOFINANZ's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of IMMOFINANZ'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 0.4x 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 IMMOFINANZ Company Filings, last reported 4 months ago.

OTCPK:IMMZ.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,763.46 2,373.96 685.41
2018-06-30 2,761.60 2,687.03 563.72
2018-03-31 2,810.33 2,618.75 509.41
2017-12-31 2,808.04 2,618.25 477.89
2017-09-30 2,606.42 2,695.51 242.22
2017-06-30 2,800.08 2,617.99 310.00
2017-03-31 2,892.24 2,663.36 469.04
2016-12-31 2,650.62 2,643.52 189.29
2016-10-31 2,675.67 3,500.88 359.55
2016-07-31 2,910.39 3,389.02 795.24
2016-04-30 2,885.99 3,294.58 371.62
2016-01-31 3,300.76 3,722.06 219.81
2015-12-31
2015-10-31 3,632.52 3,798.74 357.52
2015-07-31 3,733.44 4,168.45 492.76
2015-04-30 3,504.08 4,133.05 390.70
2015-01-31 4,000.72 4,302.71 627.20
2014-10-31 4,181.48 4,250.92 408.27
2014-07-31 4,283.66 4,132.80 246.27
2014-04-30 4,217.33 4,157.42 235.86
2014-01-31 5,308.24 5,164.73 533.02
2013-10-31 5,280.71 5,210.32 679.00
2013-07-31 5,410.42 5,240.21 586.71
2013-04-30 5,327.07 5,417.61 738.45
2013-01-31 5,499.57 5,553.04 596.84
2012-10-31 5,472.53 5,650.03 640.23
2012-07-31 5,568.35 5,735.60 812.42
2012-04-30 5,517.54 5,374.64 559.16
  • IMMOFINANZ's level of debt (85.9%) 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 (98.1% vs 85.9% today).
  • Debt is not well covered by operating cash flow (2.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess IMMOFINANZ'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. IMMOFINANZ has a total score of 2/6, 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.

IMMZ.F Dividends

 What is IMMOFINANZ'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
3.07%
Current annual income from IMMOFINANZ dividends. Estimated to be 3.83% next year.
If you bought $2,000 of IMMOFINANZ shares you are expected to receive $61 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?
  • IMMOFINANZ's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • IMMOFINANZ's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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:IMMZ.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 9 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:IMMZ.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.75 1.00
2021-12-31 1.02 2.00
2020-12-31 0.89 8.00
2019-12-31 0.83 8.00
2018-12-31 0.80 8.00
OTCPK:IMMZ.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-05 0.700 3.232
2018-04-04 0.700 3.218
2017-06-01 0.600 2.888
2016-09-29 0.600 3.198
2016-03-15 0.600 2.985
2015-03-19 0.000 0.000
2015-03-17 0.000 0.000
2014-12-18 0.000 0.000
2014-09-23 0.000 0.000
2014-08-18 0.000 0.000
2014-08-01 0.000 0.000
2013-10-02 1.500 4.866
2012-08-27 2.000 6.498
2012-08-06 2.000 7.529
2012-03-27 1.500 5.943
2011-08-23 1.500 6.291
2011-08-12 1.000 4.183
2011-08-04 1.500 6.335
2011-03-28 1.000 3.357
2010-12-17 1.000 3.173
2010-08-27 1.000 3.503
2009-03-02 0.000 0.000
2009-02-16 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of IMMOFINANZ's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess IMMOFINANZ'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 IMMOFINANZ afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IMMOFINANZ 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.

IMMZ.F Management

 What is the CEO of IMMOFINANZ'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
Oliver Schumy
COMPENSATION €1,290,115
AGE 47
TENURE AS CEO 3.8 years
CEO Bio

Dr. Oliver Schumy, M.P, has been Member of the Management Board at Immofinanz AG since March 1, 2015 and has been its Chief Executive Officer and Chairman of the Management Board since May 1, 2015. Dr. Schumy served as the Chief Financial Officer of Mayr-Melnhof Karton AG from October 01, 2006 to March 31, 2015 and its Member of Management Board from June 01, 2008 to March 31, 2015. He served as an Executive in the areas of finance, taxes and corporate accounting within the MM Group. He served as a Vice-Chairman of the Supervisory Board at BUWOG AG from May 1, 2015 to March 6, 2017. He was a Member of Supervisory Board at CA Immobilien Anlagen Aktiengesellschaft since August 2, 2016 until September 27, 2018.

CEO Compensation
  • Oliver's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Oliver'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 IMMOFINANZ management team in years:

4.3
Average Tenure
43.5
Average Age
  • The tenure for the IMMOFINANZ management team is about average.
Management Team

Oliver Schumy

TITLE
CEO & Chairman of the Management Board
COMPENSATION
€1M
AGE
47
TENURE
3.8 yrs

Stefan Schönauer Bakk

TITLE
CFO & Member of Executive Board
COMPENSATION
€549K
AGE
39
TENURE
2.9 yrs

Dietmar Reindl

TITLE
COO & Member of Executive Board
COMPENSATION
€874K
AGE
49
TENURE
4.8 yrs

Andrea Sperling-Koch

TITLE
Director of Finance & Accounting
TENURE
5.8 yrs

Bettina Schragl

TITLE
Head of Corporate Communications & Investor Relations

Richard Bauer

TITLE
Head of Legal

Christian Bauer

TITLE
Head of Central Asset Management Office & Logistics
AGE
40

Klaus Dorner

TITLE
Head of Tax
Board of Directors Tenure

Average tenure and age of the IMMOFINANZ board of directors in years:

4.3
Average Tenure
60
Average Age
  • The tenure for the IMMOFINANZ board of directors is about average.
Board of Directors

Michael Knap

TITLE
Supervisory Board Chairman
AGE
74
TENURE
6.1 yrs

Rudolf Fries

TITLE
Supervisory Board Vice Chairman
AGE
60
TENURE
6.1 yrs

Nick van Ommen

TITLE
Supervisory Board Member
AGE
72
TENURE
10.4 yrs

Christian Böhm

TITLE
Supervisory Board Member
AGE
60
TENURE
8.8 yrs

Philipp Obermair

TITLE
Member of The Supervisory Board
AGE
39
TENURE
4.3 yrs

Horst Populorum

TITLE
Supervisory Board Member
AGE
45
TENURE
3.8 yrs

Wolfgang Schischek

TITLE
Supervisory Board Member
AGE
74
TENURE
3.8 yrs

Werner Ertelthalner

TITLE
Supervisory Board Member
AGE
31
TENURE
2.5 yrs

Larissa Lielacher

TITLE
Supervisory Board Member
AGE
33
TENURE
1.8 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 IMMOFINANZ'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. IMMOFINANZ 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.

IMMZ.F News

Simply Wall St News

IMMZ.F Company Info

Map
Description

IMMOFINANZ AG acquires, develops, rents, and manages properties in primarily Austria, Germany, Poland, the Czech Republic, Slovakia, Romania, and Hungary. The company develops office and retail properties. As of November 14, 2018, it had a portfolio of approximately 220 properties. The company was founded in 1990 and is headquartered in Vienna, Austria.

Details
Name: IMMOFINANZ AG
IMMZ.F
Exchange: OTCPK
Founded: 1990
€2,812,879,190
109,023,743
Website: http://www.immofinanz.com
Address: IMMOFINANZ AG
Wienerbergstrasse 11,
Vienna,
Vienna, 1100,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG IIA Ordinary Shares Wiener Boerse AG AT EUR 06. Dec 1994
OTCPK IMMZ.F Ordinary Shares Pink Sheets LLC US USD 06. Dec 1994
DB IMO1 Ordinary Shares Deutsche Boerse AG DE EUR 06. Dec 1994
XTRA IMO Ordinary Shares XETRA Trading Platform DE EUR 06. Dec 1994
SWX IIA Ordinary Shares SIX Swiss Exchange CH CHF 06. Dec 1994
SEP IIA Ordinary Shares The Stock Exchange Prague Co. Ltd. CZ CZK 06. Dec 1994
WSE IIA Ordinary Shares Warsaw Stock Exchange PL PLN 06. Dec 1994
BATS-CHIXE IIAV Ordinary Shares BATS 'Chi-X Europe' GB EUR 06. Dec 1994
Number of employees
Current staff
Staff numbers
392
IMMOFINANZ employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/13 00:24
End of day share price update: 2018/11/15 00:00
Last estimates confirmation: 2019/02/05
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.