TAG IMMOBILIEN AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.26 EUR | -0.28% |
|
+2.08% | +8.07% |
| May. 29 | Real estate stocks weak amid rising interest rates | DP |
| May. 27 | TAG IMMOBILIEN AG : Warburg Research gives a Neutral rating | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,243 | 3,789 | 3,602 | 1,060 | 2,315 | 2,502 | - | - |
| Enterprise Value (EV) 1 | 5,715 | 6,504 | 6,577 | 4,679 | 2,315 | 5,568 | 5,619 | 5,614 |
| P/E ratio | 7.64 x | 10.5 x | 6.87 x | 9.6 x | -5.84 x | 232 x | 10.9 x | 6.94 x |
| Yield | 3.7% | 3.4% | 3.78% | - | - | 3.1% | 3.84% | 4.38% |
| Capitalization / Revenue | 10.3 x | 11.7 x | 10.8 x | 3.12 x | 6.6 x | 6.89 x | 6.8 x | 6.53 x |
| EV / Revenue | 18.1 x | 20.2 x | 19.7 x | 13.8 x | 6.6 x | 15.3 x | 15.3 x | 14.7 x |
| EV / EBITDA | 26.6 x | 29.3 x | 29.1 x | 20 x | 9.79 x | 24.5 x | 22.4 x | 22.3 x |
| EV / FCF | -109 x | 170 x | -60.8 x | -10.9 x | - | 39.7 x | 102 x | - |
| FCF Yield | -0.91% | 0.59% | -1.65% | -9.14% | - | 2.52% | 0.98% | - |
| Price to Book | 1.38 x | 1.46 x | 1.19 x | 0.33 x | - | 0.85 x | 0.8 x | 0.73 x |
| Nbr of stocks (in thousands) | 146,337 | 146,295 | 146,380 | 175,391 | 175,442 | 175,483 | - | - |
| Reference price 2 | 22.16 | 25.90 | 24.61 | 6.045 | 13.20 | 14.26 | 14.26 | 14.26 |
| Announcement Date | 2/27/20 | 3/17/21 | 3/15/22 | 3/16/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 315 | 322.5 | 333.1 | 339.9 | 350.8 | 362.9 | 368.3 | 383 |
| EBITDA 1 | 214.7 | 222.3 | 226.1 | 233.5 | 236.4 | 227.5 | 250.3 | 251.3 |
| EBIT 1 | 624.9 | 583.2 | 761.4 | 176.8 | -423.5 | 77.6 | 313.3 | 384 |
| Operating Margin | 198.41% | 180.84% | 228.57% | 52.03% | -120.72% | 21.38% | 85.07% | 100.26% |
| Earnings before Tax (EBT) 1 | 547.3 | 476.2 | 718.1 | 144.2 | -503.2 | 17.97 | 277.5 | 305 |
| Net income 1 | 446.3 | 393.5 | 570.5 | 113.1 | -396.9 | 33 | 250.5 | 281.2 |
| Net margin | 141.68% | 122.02% | 171.26% | 33.27% | -113.15% | 9.09% | 68.02% | 73.43% |
| EPS 2 | 2.900 | 2.470 | 3.580 | 0.6300 | -2.260 | 0.0614 | 1.310 | 2.056 |
| Free Cash Flow 1 | -52.2 | 38.3 | -108.2 | -427.7 | - | 140.2 | 55.05 | - |
| FCF margin | -16.57% | 11.88% | -32.48% | -125.82% | - | 38.62% | 14.95% | - |
| FCF Conversion (EBITDA) | - | 17.23% | - | - | - | 61.62% | 21.99% | - |
| FCF Conversion (Net income) | - | 9.73% | - | - | - | 424.75% | 21.98% | - |
| Dividend per Share 2 | 0.8200 | 0.8800 | 0.9300 | - | - | 0.4423 | 0.5474 | 0.6251 |
| Announcement Date | 2/27/20 | 3/17/21 | 3/15/22 | 3/16/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2022 Q3 | 2022 Q4 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|
| Net sales 1 | 160.2 | 85 | 85.8 | 87.7 | 89 |
| EBITDA 1 | 113 | 60.2 | 55.7 | 60.1 | 54.4 |
| EBIT 1 | 282.6 | 57.09 | -257.5 | 53.3 | -143.7 |
| Operating Margin | 176.4% | 67.16% | -300.13% | 60.78% | -161.42% |
| Earnings before Tax (EBT) 1 | 264.4 | 44.4 | -267.5 | 36 | -166.3 |
| Net income | 205.7 | 32 | - | - | - |
| Net margin | 128.4% | 37.65% | - | - | - |
| EPS | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 8/20/20 | 11/22/22 | 3/16/23 | 11/14/23 | 3/12/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,472 | 2,715 | 2,974 | 3,619 | - | 3,066 | 3,117 | 3,112 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 11.51 x | 12.21 x | 13.15 x | 15.5 x | - | 13.48 x | 12.45 x | 12.38 x |
| Free Cash Flow 1 | -52.2 | 38.3 | -108 | -428 | - | 140 | 55.1 | - |
| ROE (net income / shareholders' equity) | 20.5% | 15.9% | 20.2% | 3.63% | - | 1.76% | 7.69% | 7.59% |
| ROA (Net income/ Total Assets) | 8.36% | 6.49% | 8.41% | 1.48% | - | 0.88% | 3.08% | 2.92% |
| Assets 1 | 5,338 | 6,062 | 6,783 | 7,652 | - | 3,728 | 8,124 | 9,629 |
| Book Value Per Share 2 | 16.00 | 17.80 | 20.80 | 18.20 | - | 16.90 | 17.80 | 19.50 |
| Cash Flow per Share | 0.9600 | 1.590 | 1.020 | 0.7700 | - | - | - | - |
| Capex 1 | 10.9 | 12.8 | 241 | 235 | - | 57.6 | 159 | 202 |
| Capex / Sales | 3.46% | 3.98% | 72.28% | 69.1% | - | 15.87% | 43.05% | 52.87% |
| Announcement Date | 2/27/20 | 3/17/21 | 3/15/22 | 3/16/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
14.26
EUR
Average target price
13.18
EUR
Spread / Average Target
-7.56%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +8.07% | 2.71B | |
| +0.91% | 25.44B | |
| -21.13% | 12.51B | |
| +9.67% | 11.03B | |
| -25.23% | 7.71B | |
| -10.07% | 6.65B | |
| +2.42% | 6.53B | |
| -2.35% | 6.37B | |
| +1.44% | 3.82B | |
| +42.97% | 3.56B |
- Stock Market
- Equities
- TEG Stock
- Financials TAG Immobilien AG
