New Risk • Aug 11
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €289m Forecast net loss in 2 years: €8.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€8.1m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (€70.4m market cap, or US$81.2m). New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings have declined by 76% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 76% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Jun 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €84.0m (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (€84.0m market cap, or US$97.4m). New Risk • May 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Price Target Changed • May 20
Price target decreased by 58% to €1.67 Down from €3.98, the current price target is an average from 3 analysts. New target price is 48% above last closing price of €1.13. Stock is down 38% over the past year. The company is forecast to post a net loss per share of €1.66 next year compared to a net loss per share of €3.36 last year. Duyuru • Aug 29
VIB Vermögen AG (XTRA:VIH1) completed the acquisition of Institutional Business of Branicks Group AG (XTRA:DIC). VIB Vermögen AG (XTRA:VIH1) entered into a purchase agreement to acquire Institutional Business of Branicks Group AG (XTRA:DIC) on July 7, 2025. The volume of the transfer to VIB Vermögen is around €360 million. The business relationship with institutional investors will not change. The customer interface and account managers will remain unchanged. The Commercial Portfolio of Branicks Group AG is not affected by the organisational change. The closing of the transaction is still subject to the usual, purely formal closing conditions. Branicks and VIB have also agreed that upon completion of the transfer, all claims of VIB against Branicks arising from the loan granted by VIB Vermögen AG to Branicks Group AG on July 7, 2023 in the amount of around €300 million will be offset.
VIB Vermögen AG (XTRA:VIH1) completed the acquisition of Institutional Business of Branicks Group AG (XTRA:DIC) on August 27, 2025. Duyuru • Jul 15
Branicks Group AG, Annual General Meeting, Aug 20, 2025 Branicks Group AG, Annual General Meeting, Aug 20, 2025, at 10:00 W. Europe Standard Time. Price Target Changed • Dec 30
Price target increased by 7.2% to €3.71 Up from €3.46, the current price target is an average from 6 analysts. New target price is 64% above last closing price of €2.26. Stock is down 32% over the past year. The company posted a net loss per share of €0.79 last year. Duyuru • Nov 21
BRESTADT GmbH agreed to acquire Galeria Kaufhof in Bremen City Center from Branicks Group AG (XTRA:DIC) for €37.2 million. BRESTADT GmbH agreed to acquire Galeria Kaufhof in Bremen City Center from Branicks Group AG (XTRA:DIC) for €37.2 million on November 18, 2024. A cash consideration of €37.2 million will be paid by BRESTADT GmbH. The transaction is expected to close by the end of 2024. Reported Earnings • Nov 13
Third quarter 2024 earnings released: €0.32 loss per share (vs €0.08 loss in 3Q 2023) Third quarter 2024 results: €0.32 loss per share (further deteriorated from €0.08 loss in 3Q 2023). Revenue: €66.5m (down 1.8% from 3Q 2023). Net loss: €26.5m (loss widened 321% from 3Q 2023). Revenue is expected to fall by 22% p.a. on average during the next 3 years compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
Second quarter 2024 earnings released: €1.10 loss per share (vs €0.18 loss in 2Q 2023) Second quarter 2024 results: €1.10 loss per share (further deteriorated from €0.18 loss in 2Q 2023). Revenue: €64.3m (down 3.6% from 2Q 2023). Net loss: €92.2m (loss widened €77.0m from 2Q 2023). Revenue is expected to fall by 26% p.a. on average during the next 3 years compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 19
Price target increased by 9.6% to €3.71 Up from €3.38, the current price target is an average from 6 analysts. New target price is 92% above last closing price of €1.93. Stock is down 55% over the past year. The company is forecast to post a net loss per share of €0.41 next year compared to a net loss per share of €0.79 last year. Duyuru • Aug 16
An undisclosed buyer acquired Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC). An undisclosed buyer acquired Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC) on August 16, 2024.
An undisclosed buyer completed the acquisition of Retail park property located in Stockstadt from Branicks Group AG (XTRA:DIC) on August 16, 2024. Duyuru • Jul 12
Branicks Group AG, Annual General Meeting, Aug 22, 2024 Branicks Group AG, Annual General Meeting, Aug 22, 2024, at 10:00 W. Europe Standard Time. Reported Earnings • May 02
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: €0.79 loss per share (down from €0.38 profit in FY 2022). Revenue: €272.0m (down 14% from FY 2022). Net loss: €66.0m (down 313% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 177%. Revenue is expected to fall by 23% p.a. on average during the next 2 years compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Duyuru • Mar 06
Branicks Group AG to Report Fiscal Year 2023 Results on Apr 30, 2024 Branicks Group AG announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Mar 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.6m (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€88.6m market cap, or US$96.1m). Buy Or Sell Opportunity • Jan 24
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to €1.99. The fair value is estimated to be €2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 39% in 2 years. Earnings are forecast to grow by 72% in the next 2 years. Price Target Changed • Jan 22
Price target decreased by 7.2% to €5.98 Down from €6.45, the current price target is an average from 6 analysts. New target price is 160% above last closing price of €2.30. Stock is down 74% over the past year. The company is forecast to post a net loss per share of €0.28 compared to earnings per share of €0.38 last year. New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Paying a dividend despite being loss-making. Price Target Changed • Nov 15
Price target decreased by 11% to €6.45 Down from €7.24, the current price target is an average from 5 analysts. New target price is 50% above last closing price of €4.30. Stock is down 44% over the past year. The company is forecast to post a net loss per share of €0.26 compared to earnings per share of €0.38 last year. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 14% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.2% average weekly change). Buying Opportunity • Aug 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be €5.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 40% in a year. Earnings is forecast to grow by 14% in the next year. Reported Earnings • Aug 04
Second quarter 2023 earnings released: €0.18 loss per share (vs €0.18 profit in 2Q 2022) Second quarter 2023 results: €0.18 loss per share (down from €0.18 profit in 2Q 2022). Revenue: €66.7m (down 22% from 2Q 2022). Net loss: €15.2m (down 205% from profit in 2Q 2022). Revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. New Risk • Jul 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (287% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (287% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €4.49, the stock trades at a forward P/E ratio of 109x. Average forward P/E is 5x in the Real Estate industry in Germany. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.60 per share. Price Target Changed • Jul 11
Price target decreased by 22% to €8.48 Down from €10.87, the current price target is an average from 5 analysts. New target price is 69% above last closing price of €5.02. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.38 last year. Duyuru • May 31
DIC Asset AG Appoints Michael Tegeder as Head of Corporate Finance DIC Asset AG appointed Michael Tegeder as its new Head of Corporate Finance. He takes over the position from Rutger Kaeding, who is leaving the company at his own request to pursue a new challenge. Mr. Tegeder has many years of industry experience in the real estate sector and is a financial expert. Before joining DIC he held senior positions at listed real estate companies with responsibility for corporate finance and investor relations, among them B&O Group, Patrizia AG and DAX-listed Vonovia SE. Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: €70.4m (up 17% from 1Q 2022). Net income: €96.0k (down 99% from 1Q 2022). Profit margin: 0.1% (down from 16% in 1Q 2022). Revenue is expected to fall by 14% p.a. on average during the next 3 years compared to a 20% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Duyuru • May 11
DIC Asset AG Reaffirms Earnings Guidance for the Year 2023 DIC Asset AG reaffirmed earnings guidance for the year 2023. The company forecast for its key earnings figures for the current financial year, which was issued in the context of the publication of the annual figures for 2022, remains unchanged. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 5x in the Real Estate industry in Germany. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.41 per share. Upcoming Dividend • Mar 24
Upcoming dividend of €0.75 per share at 8.5% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 02 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%). Duyuru • Feb 18
DIC Asset AG Proposes Dividend for the Year 2022 DIC Asset AG's Supervisory Board con-curred with the Management Board's recommendation to propose to the General Shareholders' Meeting that a dividend of EUR 0.75 per share carrying dividend rights be distributed to the shareholders from the retained earnings of financial year 2022 and that the remaining amount be carried forward to new account. Price Target Changed • Feb 16
Price target decreased by 14% to €11.20 Down from €13.02, the current price target is an average from 6 analysts. New target price is 29% above last closing price of €8.71. Stock is down 43% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.38 last year. Reported Earnings • Feb 16
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €0.38 (down from €0.71 in FY 2021). Revenue: €295.6m (up 24% from FY 2021). Net income: €31.0m (down 46% from FY 2021). Profit margin: 11% (down from 24% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Price Target Changed • Feb 05
Price target decreased by 14% to €11.68 Down from €13.58, the current price target is an average from 6 analysts. New target price is 29% above last closing price of €9.05. Stock is down 39% over the past year. The company is forecast to post earnings per share of €0.49 for next year compared to €0.71 last year. Price Target Changed • Nov 30
Price target decreased to €14.08 Down from €15.50, the current price target is an average from 7 analysts. New target price is 88% above last closing price of €7.50. Stock is down 49% over the past year. The company is forecast to post earnings per share of €0.51 for next year compared to €0.71 last year. Price Target Changed • Nov 16
Price target decreased to €15.50 Down from €19.46, the current price target is an average from 7 analysts. New target price is 98% above last closing price of €7.84. Stock is down 49% over the past year. The company is forecast to post earnings per share of €0.59 for next year compared to €0.71 last year. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: €0.03 (vs €0.16 in 3Q 2021) Third quarter 2022 results: EPS: €0.03 (down from €0.16 in 3Q 2021). Revenue: €75.8m (up 24% from 3Q 2021). Net income: €2.53m (down 81% from 3Q 2021). Profit margin: 3.3% (down from 22% in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year. Price Target Changed • Oct 29
Price target decreased to €17.96 Down from €19.46, the current price target is an average from 7 analysts. New target price is 144% above last closing price of €7.35. Stock is down 52% over the past year. The company is forecast to post earnings per share of €1.29 for next year compared to €0.71 last year. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: €0.18 (vs €0.19 in 2Q 2021) Second quarter 2022 results: EPS: €0.18 (down from €0.19 in 2Q 2021). Revenue: €73.2m (up 25% from 2Q 2021). Net income: €14.5m (down 5.7% from 2Q 2021). Profit margin: 20% (down from 26% in 2Q 2021). Over the next year, revenue is expected to shrink by 25% compared to a 45% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: €0.12 (down from €0.27 in 1Q 2021). Revenue: €60.0m (up 9.3% from 1Q 2021). Net income: €9.39m (down 57% from 1Q 2021). Profit margin: 16% (down from 40% in 1Q 2021). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 23% compared to a 41% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Price Target Changed • Apr 05
Price target increased to €21.45 Up from €19.92, the current price target is an average from 5 analysts. New target price is 48% above last closing price of €14.54. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of €0.94 for next year compared to €0.71 last year. Upcoming Dividend • Mar 18
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 25 March 2022. Payment date: 02 May 2022. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 4.9%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 10
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: €0.71 (down from €0.88 in FY 2020). Revenue: €232.8m (up 8.8% from FY 2020). Net income: €57.8m (down 18% from FY 2020). Profit margin: 25% (down from 33% in FY 2020). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 55% compared to a 24% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS €0.16 (vs €0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €61.2m (up 21% from 3Q 2020). Net income: €13.4m (up 36% from 3Q 2020). Profit margin: 22% (up from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS €0.19 (vs €0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €58.6m (up 4.2% from 2Q 2020). Net income: €15.3m (up 24% from 2Q 2020). Profit margin: 26% (up from 22% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2021 earnings released: EPS €0.27 (vs €0.21 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €52.4m (down 3.5% from 1Q 2020). Net income: €22.1m (up 38% from 1Q 2020). Profit margin: 42% (up from 30% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 18
Upcoming Dividend of €0.70 Per Share Will be paid on the 22nd of April to those who are registered shareholders by the 25th of March. The trailing yield of 4.4% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (3.0%). Is New 90 Day High Low • Mar 13
New 90-day high: €15.80 The company is up 28% from its price of €12.30 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.25 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS €0.88 (vs €1.13 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €213.9m (up 4.9% from FY 2019). Net income: €70.0m (down 14% from FY 2019). Profit margin: 33% (down from 40% in FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the next year, revenue is expected to shrink by 52% compared to a 32% decline forecast for the Real Estate industry in Germany. Price Target Changed • Feb 03
Price target raised to €17.71 Up from €16.38, the current price target is an average from 5 analysts. The new target price is 23% above the current share price of €14.46. As of last close, the stock is down 11% over the past year. Is New 90 Day High Low • Feb 03
New 90-day high: €14.46 The company is up 37% from its price of €10.52 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.38 per share. Is New 90 Day High Low • Jan 14
New 90-day high: €14.14 The company is up 41% from its price of €10.00 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.75 per share. Is New 90 Day High Low • Dec 30
New 90-day high: €13.70 The company is up 34% from its price of €10.24 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.39 per share. Is New 90 Day High Low • Dec 07
New 90-day high: €13.56 The company is up 22% from its price of €11.10 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.50 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €11.54 The company is up 3.0% from its price of €11.16 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.43 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €79.1m, up 46% from the prior year. Total revenue was €227.2m over the last 12 months, up 18% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day low: €10.00 The company is down 8.0% from its price of €10.92 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.27 per share. Is New 90 Day High Low • Sep 26
New 90-day low: €10.06 The company is down 14% from its price of €11.70 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.32 per share.