IMMOFINANZ AG acquires, develops, owns, rents, and manages properties primarily in Austria, Germany, Poland, the Czech Republic, Slovakia, Romania, and Hungary.
Good value average dividend payer.
Share Price & News
How has IMMOFINANZ's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMMZ.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 IMMZ.F performed against the US Real Estate industry.
Return vs Market: Insufficient data to determine how IMMZ.F performed against the US Market.
Price Volatility Vs. Market
How volatile is IMMOFINANZ's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is IMMOFINANZ 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: IMMZ.F ($19) is trading above our estimate of fair value ($13.18)
Significantly Below Fair Value: IMMZ.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IMMZ.F is good value based on its PE Ratio (5.9x) compared to the Real Estate industry average (16.1x).
PE vs Market: IMMZ.F is good value based on its PE Ratio (5.9x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: IMMZ.F is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: IMMZ.F is good value based on its PB Ratio (0.6x) compared to the US Real Estate industry average (1.1x).
How is IMMOFINANZ forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMMZ.F's forecast earnings growth (12.7% per year) is above the savings rate (2.2%).
Earnings vs Market: IMMZ.F's earnings (12.7% per year) are forecast to grow slower than the US market (22.3% per year).
High Growth Earnings: IMMZ.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: IMMZ.F's revenue (3.3% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: IMMZ.F's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IMMZ.F's Return on Equity is forecast to be low in 3 years time (6.8%).
How has IMMOFINANZ performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMMZ.F has a large one-off gain of €153.5M impacting its March 31 2020 financial results.
Growing Profit Margin: IMMZ.F's current net profit margins (49.4%) are higher than last year (38.3%).
Past Earnings Growth Analysis
Earnings Trend: IMMZ.F has become profitable over the past 5 years, growing earnings by 55.9% per year.
Accelerating Growth: IMMZ.F's earnings growth over the past year (22.3%) is below its 5-year average (55.9% per year).
Earnings vs Industry: IMMZ.F earnings growth over the past year (22.3%) exceeded the Real Estate industry -6.4%.
Return on Equity
High ROE: IMMZ.F's Return on Equity (9.9%) is considered low.
How is IMMOFINANZ's financial position?
Financial Position Analysis
Short Term Liabilities: IMMZ.F's short term assets (€585.9M) exceed its short term liabilities (€517.9M).
Long Term Liabilities: IMMZ.F's short term assets (€585.9M) do not cover its long term liabilities (€2.9B).
Debt to Equity History and Analysis
Debt Level: IMMZ.F's debt to equity ratio (95.8%) is considered high.
Reducing Debt: IMMZ.F's debt to equity ratio has reduced from 114.2% to 95.8% over the past 5 years.
Debt Coverage: IMMZ.F's debt is not well covered by operating cash flow (6%).
Interest Coverage: IMMZ.F's interest payments on its debt are well covered by EBIT (3.3x coverage).
What is IMMOFINANZ's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMMZ.F's dividend (5.14%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: IMMZ.F's dividend (5.14%) is in the top 25% of dividend payers in the US market (4.32%)
Stability and Growth of Payments
Stable Dividend: IMMZ.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: IMMZ.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.5%), IMMZ.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IMMZ.F's dividends in 3 years are forecast to be covered by earnings (78.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ronny Pecik (57yo)
Mr. Ronny Pecik serves as Chief Executive Officer and Member of the Executive Board at IMMOFINANZ AG since May 4, 2020. Mr. Pecik is the Founder of Themis Privatstiftung. Mr. Pecik was Owner of A-tec Indus ...
|CFO & Member of Executive Board||4.25yrs||€854.44k||0.0050% €93.7k|
|COO & Member of Executive Board||6.08yrs||€1.07m||0.0025% €47.1k|
|Member of the Executive Board & CEO||0.083yr||no data||no data|
|Director of Finance & Accounting||7.08yrs||no data||no data|
|Head of Corporate Communications & Investor Relations||no data||no data||no data|
|Head of Legal||no data||no data||no data|
|Head of Central Asset Management Office & Logistics||no data||no data||no data|
|Head of Tax||no data||no data||no data|
Experienced Management: IMMZ.F's management team is seasoned and experienced (5.2 years average tenure).
|Independent Member of Supervisory Board||10.17yrs||€35.13k||0.00099% €18.7k|
|Independent Supervisory Board Vice Chairman||0.25yr||€27.45k||0.0080% €150.3k|
|Independent Member of Supervisory Board||11.75yrs||€32.63k||0.015% €281.0k|
|Independent Supervisory Board Chairman||7.42yrs||€78.73k||0.00015% €2.8k|
|Member of Supervisory Board||6.42yrs||no data||no data|
|Independent Member of Supervisory Board||1.08yrs||€21.37k||no data|
|Member of the Supervisory Board||1.25yrs||no data||no data|
Experienced Board: IMMZ.F's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IMMOFINANZ AG's company bio, employee growth, exchange listings and data sources
- Name: IMMOFINANZ AG
- Ticker: IMMZ.F
- Exchange: OTCPK
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €1.669b
- Listing Market Cap: €1.890b
- Shares outstanding: 100.88m
- Website: https://www.immofinanz.com
Number of Employees
- IMMOFINANZ AG
- Wienerbergstrasse 11
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IIA||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Dec 1994|
|IMO1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 1994|
|0PAN||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Dec 1994|
|IMMZ.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 1994|
|IIAV||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Dec 1994|
|IIA||WSE (Warsaw Stock Exchange)||Yes||Ordinary Shares||PL||PLN||Dec 1994|
|IIA||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Dec 1994|
|IMO||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Dec 1994|
|IIA||SEP (The Stock Exchange Prague Co. Ltd.)||Yes||Ordinary Shares||CZ||CZK||Dec 1994|
IMMOFINANZ AG acquires, develops, owns, rents, and manages properties primarily in Austria, Germany, Poland, the Czech Republic, Slovakia, Romania, and Hungary. It develops office, retail, and other properties. The company manages offices under myhive brand; retail parks under STOP SHOP brand; and shopping centers under VIVO! brand. As of December 31, 2019, it had a property portfolio of approximately 213 properties. The company is headquartered in Vienna, Austria.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 04:13|
|End of Day Share Price||2020/05/28 00:00|