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Sirius Real Estate

OTCPK:SRRL.F
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRRL.F
OTCPK
£670M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial properties in Germany. The last earnings update was 182 days ago. More info.


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SRRL.F Share Price and Events
7 Day Returns
0%
OTCPK:SRRL.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-
OTCPK:SRRL.F
-15.7%
US Real Estate
3%
US Market
SRRL.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sirius Real Estate (SRRL.F) 0% 0% - - - -
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
  • No trading data on SRRL.F.
  • No trading data on SRRL.F.
Price Volatility
SRRL.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sirius Real Estate's competitors could be found in our database.

Value

 Is Sirius Real Estate 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 Sirius Real Estate 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 Sirius Real Estate.

OTCPK:SRRL.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 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
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:SRRL.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- 21%) (47.45%))
1.353
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.353 * 5.96%)
10.79%

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

The calculations below outline how an intrinsic value for Sirius Real Estate 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:SRRL.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.79%)
2019 17.16 Est @ -13.4% 15.49
2020 15.69 Est @ -8.56% 12.78
2021 14.88 Est @ -5.18% 10.94
2022 14.46 Est @ -2.8% 9.60
2023 14.30 Est @ -1.14% 8.57
2024 14.30 Est @ 0.02% 7.73
2025 14.42 Est @ 0.83% 7.04
2026 14.62 Est @ 1.4% 6.44
2027 14.89 Est @ 1.8% 5.92
2028 15.19 Est @ 2.08% 5.45
Present value of next 10 years cash flows €89.96
OTCPK:SRRL.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €15.19 × (1 + 2.73%) ÷ (10.79% – 2.73%)
€193.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €193.59 ÷ (1 + 10.79%)10
€69.46
OTCPK:SRRL.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €89.96 + €69.46
€159.43
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €159.43 / 1,022.14
€0.12
OTCPK:SRRL.F Discount to Share Price
Calculation Result
Exchange Rate EUR/GBP
(Reporting currency to currency of LSE:SRE)
0.876
Value per Share
(GBP)
= Value per Share in EUR x Exchange Rate (EUR/GBP)
= €0.16 x 0.876
£0.14
Value per share (USD) From above. $0.18
Current discount Discount to share price of $0.85
= -1 x ($0.85 - $0.18) / $0.18
-379.1%

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

  • The current share price of Sirius Real Estate 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 Sirius Real Estate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sirius Real Estate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SRRL.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €0.10
LSE:SRE Share Price ** LSE (2019-03-28) in GBP £0.66
LSE:SRE Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.141 €0.75
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 Sirius Real Estate.

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

= LSE:SRE Share Price ÷ EPS (both in EUR)

= 0.75 ÷ 0.10

7.17x

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

  • Sirius Real Estate is good value based on earnings compared to the US Real Estate industry average.
  • Sirius Real Estate is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sirius Real Estate's expected growth come at a high price?
Raw Data
OTCPK:SRRL.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-14.8%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:SRRL.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.17x ÷ -14.8%

-0.49x

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

  • Sirius Real Estate 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 Sirius Real Estate's assets?
Raw Data
OTCPK:SRRL.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €0.67
LSE:SRE Share Price * LSE (2019-03-28) in GBP £0.66
LSE:SRE Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.141 €0.75
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:SRRL.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SRE Share Price ÷ Book Value per Share (both in EUR)

= 0.75 ÷ 0.67

1.11x

* Primary Listing of Sirius Real Estate.

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

  • Sirius Real Estate is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Sirius Real Estate'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. Sirius Real Estate 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 Sirius Real Estate expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sirius Real Estate expected to grow at an attractive rate?
  • Sirius Real Estate'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
  • Sirius Real Estate's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Sirius Real Estate's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SRRL.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SRRL.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -14.8%
OTCPK:SRRL.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.1%
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:SRRL.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SRRL.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 105 1
2021-03-31 98 62 74 1
2020-03-31 91 56 84 1
2019-03-31 82 56 106 1
OTCPK:SRRL.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 80 40 101
2018-06-30 76 42 91
2018-03-31 72 43 81
2017-12-31 97 47 83
2017-09-30 96 50 85
2017-06-30 83 50 76
2017-03-31 69 50 67
2016-12-31 66 48 63
2016-09-30 63 46 59
2016-06-30 59 42 57
2016-03-31 56 38 55
2015-12-31 53 32 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sirius Real Estate's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sirius Real Estate's revenue is expected to grow by 8.1% 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:SRRL.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sirius Real Estate Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SRRL.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 0.07 0.09 0.05 2.00
2020-03-31 0.08 0.10 0.06 2.00
2019-03-31 0.10 0.12 0.09 2.00
OTCPK:SRRL.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 0.10
2018-06-30 0.10
2018-03-31 0.09
2017-12-31 0.09
2017-09-30 0.10
2017-06-30 0.09
2017-03-31 0.08
2016-12-31 0.08
2016-09-30 0.08
2016-06-30 0.08
2016-03-31 0.08
2015-12-31 0.07

*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.
  • Unable to establish if Sirius Real Estate will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sirius Real Estate'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.
Sirius Real Estate has a total score of 1/6, 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 Sirius Real Estate performed over the past 5 years?

  • Sirius Real Estate's last earnings update was 182 days ago.
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 Sirius Real Estate'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.
  • Sirius Real Estate has delivered over 20% year on year earnings growth in the past 5 years.
  • Sirius Real Estate's 1-year earnings growth is less than its 5-year average (18.7% vs 34.5%)
  • Sirius Real Estate's earnings growth has exceeded the US Real Estate industry average in the past year (18.7% vs -15.8%).
Earnings and Revenue History
Sirius Real Estate'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 Sirius Real Estate Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SRRL.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 79.76 100.80 20.52
2018-06-30 75.95 91.03 21.05
2018-03-31 72.14 81.27 21.59
2017-12-31 96.64 83.10 21.76
2017-09-30 96.30 84.93 21.93
2017-06-30 82.55 75.92 21.27
2017-03-31 68.79 66.91 20.61
2016-12-31 65.68 63.18 21.88
2016-09-30 62.56 59.45 23.15
2016-06-30 59.17 57.06 19.68
2016-03-31 55.79 54.67 16.21
2015-12-31 52.76 48.55 9.59
2015-09-30 49.73 42.43 2.97
2015-06-30 47.56 34.71 2.83
2015-03-31 45.39 26.99 2.70
2014-12-31 44.18 29.13 2.78
2014-09-30 42.97 31.28 2.87
2014-06-30 44.02 30.10 2.84
2014-03-31 45.07 28.93 2.81
2013-12-31 45.46 8.03 2.95
2013-09-30 45.86 -12.86 3.09
2013-06-30 45.99 -21.54 3.12
2013-03-31 46.12 -30.23 3.15
2012-12-31 46.83 -22.81 3.06
2012-09-30 47.55 -15.40 2.97
2012-06-30 46.65 -23.32 2.94

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sirius Real Estate is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sirius Real Estate's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sirius Real Estate'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 0.2x 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 Sirius Real Estate Company Filings, last reported 7 months ago.

OTCPK:SRRL.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 679.40 362.47 39.42
2018-06-30 679.40 362.47 39.42
2018-03-31 625.63 367.38 79.61
2017-12-31 625.63 367.38 79.61
2017-09-30 564.66 293.02 33.66
2017-06-30 564.66 293.02 33.66
2017-03-31 495.27 342.13 48.70
2016-12-31 495.27 342.13 48.70
2016-09-30 450.90 314.82 24.75
2016-06-30 450.90 314.82 24.75
2016-03-31 387.11 296.58 19.87
2015-12-31 387.11 296.58 19.87
2015-09-30 362.98 258.15 14.11
2015-06-30 362.98 258.15 14.11
2015-03-31 288.26 257.10 20.14
2014-12-31 288.26 257.10 20.14
2014-09-30 238.16 223.81 18.01
2014-06-30 238.16 223.81 18.01
2014-03-31 226.30 225.06 13.75
2013-12-31 226.30 225.06 13.75
2013-09-30 167.96 272.21 16.25
2013-06-30 167.96 272.21 16.25
2013-03-31 151.03 289.59 16.72
2012-12-31 151.03 289.59 16.72
2012-09-30 174.18 300.25 7.12
2012-06-30 174.18 300.25 7.12
  • Sirius Real Estate's level of debt (53.4%) 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 (161.2% vs 53.4% today).
  • Debt is not well covered by operating cash flow (11.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Sirius Real Estate'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. Sirius Real Estate 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 Sirius Real Estate'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
4.36%
Current annual income from Sirius Real Estate dividends. Estimated to be 4.97% next year.
If you bought $2,000 of Sirius Real Estate shares you are expected to receive $87 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?
  • Sirius Real Estate's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Sirius Real Estate's dividend is above 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:SRRL.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 1 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:SRRL.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.04 1.00
2021-03-31 0.04 3.00
2020-03-31 0.04 3.00
2019-03-31 0.03 3.00
OTCPK:SRRL.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-11-19 0.033 4.597
2018-08-01 0.032 4.843
2018-06-04 0.032 4.524
2017-11-27 0.031 4.450
2017-06-26 0.031 4.572
2017-06-23 0.031 4.562
2016-11-28 0.028 4.349
2016-08-19 0.026 4.371
2016-05-23 0.026 4.134
2015-11-23 0.018 3.004
2015-07-30 0.017 2.383
2015-05-22 0.017 2.594
2014-11-14 0.015 2.785
2014-06-16 0.006 1.454
2014-06-13 0.006 1.437
2009-12-07 0.000 0.000
2009-06-08 0.000 0.000

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

  • Whilst dividend payments have been stable, Sirius Real Estate has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sirius Real Estate only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Sirius Real Estate's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Sirius Real Estate'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 Sirius Real Estate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sirius Real Estate has a total score of 4/6, 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 Sirius Real Estate'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
Andrew Coombs
COMPENSATION €989,175
AGE 53
TENURE AS CEO 7.3 years
CEO Bio

Mr. Andrew James Coombs has been the Chief Executive Officer at Sirius Facilities GmbH since December 2009. Mr. Coombs has been the Chief Executive Officer of Sirius Real Estate Limited since May 1, 2014. Mr. Coombs has significant experience in the "flexible workspace" industry. Previously he was UK Sales Director of Regus and before then he was General Manager and Director of MWB Business Exchange. He serves as Executive Director of Sirius Real Estate Limited. He serves as a Director of Sirius Facilities GmbH. He serves as a Partner/Director of DDS Conferencing & Catering GmbH, Curris Facilities & Utilities Management GmbH, Sirius Management One GmbH, Sirius Management Two GmbH, Sirius Facilities UK Limited, LB2 Catering and Services GmbH, SFG Nova Construction and Services GmbH, Dynamo Serve Ltd, Officebroker.com Ltd and Official Space Ltd.

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

Average tenure of the Sirius Real Estate management team in years:

6.2
Average Tenure
  • The average tenure for the Sirius Real Estate management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andrew Coombs

TITLE
CEO & Executive Director
COMPENSATION
€989K
AGE
53
TENURE
7.3 yrs

Alistair Marks

TITLE
CFO & Director
COMPENSATION
€767K
AGE
49
TENURE
5 yrs

Tim Robertson

TITLE
Investor Relations Contact

Rüdiger Swoboda

TITLE
Sales Director
TENURE
9.3 yrs

Anja Paprocki

TITLE
Human Resources Director

Aoife Bennett

TITLE
Company Secretary
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Sirius Real Estate board of directors in years:

2.2
Average Tenure
53
Average Age
  • The average tenure for the Sirius Real Estate board of directors is less than 3 years, this suggests a new board.
Board of Directors

Danny Kitchen

TITLE
Non-Executive Chairman
AGE
66
TENURE
0.7 yrs

Andrew Coombs

TITLE
CEO & Executive Director
COMPENSATION
€989K
AGE
53
TENURE
5 yrs

Alistair Marks

TITLE
CFO & Director
COMPENSATION
€767K
AGE
49
TENURE
5 yrs

Andrew Peggie

TITLE
Senior Independent Director
COMPENSATION
€76K
AGE
47
TENURE
2.2 yrs

Justin Atkinson

TITLE
Independent Non-Executive Director
COMPENSATION
€51K
AGE
58
TENURE
2.2 yrs

Jill May

TITLE
Independent Non-Executive Director
COMPENSATION
€16K
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • Sirius Real Estate insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Mar 19 Sell Andrew Coombs Individual 19. Mar 19 20. Mar 19 -100,000 $0.85 $-84,715
15. Mar 19 Sell Andrew Peggie Individual 14. Mar 19 14. Mar 19 -56,250 $0.84 $-47,270
28. Nov 18 Sell Rüdiger Swoboda Individual 23. Nov 18 27. Nov 18 -100,000 $0.77 $-76,050
15. Aug 18 Sell Andrew Coombs Individual 13. Aug 18 13. Aug 18 -1,000,000 $0.73 $-724,397
08. Aug 18 Sell Alistair Marks Individual 06. Aug 18 07. Aug 18 -2,000,000 $0.01 $-15,151
27. Jul 18 Sell Rüdiger Swoboda Individual 26. Jul 18 26. Jul 18 -615,000 $0.01 $-4,689
26. Jun 18 Sell Andrew Coombs Individual 25. Jun 18 25. Jun 18 -7,945 $0.86 $-6,802
26. Jun 18 Buy Andrew Coombs Individual 25. Jun 18 25. Jun 18 100,000 $0.85 $84,956
15. Jun 18 Buy Andrew Coombs Individual 14. Jun 18 14. Jun 18 400,000 $0.87 $347,028
12. Jun 18 Buy Andrew Coombs Individual 11. Jun 18 11. Jun 18 500,000 $0.87 $434,870
06. Jun 18 Sell Andrew Coombs Individual 04. Jun 18 04. Jun 18 -20,000 $0.88 $-17,569
06. Jun 18 Buy Andrew Coombs Individual 04. Jun 18 04. Jun 18 7,400 $0.88 $6,500
X
Management checks
We assess Sirius Real Estate'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. Sirius Real Estate 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

Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial properties in Germany. The company owns and operates offices; warehouses, storerooms, and self-storage spaces; and production and workshop spaces. It serves small to medium-sized enterprises under the Sirius brand name. As of March 31, 2018, it owned a portfolio of 54 business parks with approximately 1.4 million square meters of lettable space. The company was formerly known as Dawnay, Day Sirius Limited and changed its name to Sirius Real Estate Limited in October 2008. Sirius Real Estate Limited was founded in 2007 and is based in St. Peter Port, Guernsey.

Details
Name: Sirius Real Estate Limited
SRRL.F
Exchange: OTCPK
Founded: 2007
£852,554,181
1,022,140,875
Website: http://www.sirius-real-estate.com
Address: Sirius Real Estate Limited
Trafalgar Court,
2nd Floor,
St. Peter Port,
GY1 3EL,
Guernsey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SRE Ordinary Shares London Stock Exchange GB GBP 01. May 2007
OTCPK SRRL.F Ordinary Shares Pink Sheets LLC US USD 01. May 2007
BMV SRET N Ordinary Shares Bolsa Mexicana de Valores MX MXN 01. May 2007
JSE SRE Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 01. May 2007
BATS-CHIXE SREL Ordinary Shares BATS 'Chi-X Europe' GB GBP 01. May 2007
Number of employees
Current staff
Staff numbers
243
Sirius Real Estate employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:11
End of day share price update: 2019/03/28 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2018/11/19
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.