INSTONE REAL ESTATE GROUP AG Financials Instone Real Estate Group AG Xetra
Equities
INS
NL0012757355
Real Estate Development & Operations
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| - EUR | -.--% |
|
-0.97% | -.--% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 815.6 | 986.8 | 781.9 | 363.3 | 316.3 | 381.7 | - | - |
| Enterprise Value (EV) 1 | 1,294 | 1,236 | 1,051 | 628.4 | 316.3 | 620.5 | 614.9 | 693.9 |
| P/E ratio | 11.7 x | 25.9 x | 9.4 x | 9.17 x | 15.9 x | 16.9 x | 10.5 x | 10.4 x |
| Yield | - | 1.24% | 3.73% | 4.34% | - | 2.85% | 3.78% | 5.71% |
| Capitalization / Revenue | 1.11 x | 2.06 x | 1 x | 0.58 x | 0.51 x | 0.59 x | 0.48 x | - |
| EV / Revenue | 1.76 x | 2.58 x | 1.34 x | 1.01 x | 0.51 x | 0.97 x | 0.77 x | - |
| EV / EBITDA | 9.74 x | 14.1 x | 6.56 x | 6.73 x | 3.47 x | 8.44 x | 6.94 x | 7.14 x |
| EV / FCF | -6.28 x | 10.4 x | 24.6 x | 9 x | - | -6.31 x | -18.2 x | -3.93 x |
| FCF Yield | -15.9% | 9.61% | 4.07% | 11.1% | - | -15.8% | -5.48% | -25.4% |
| Price to Book | 2.64 x | 1.9 x | 1.32 x | 0.66 x | - | 0.72 x | 0.65 x | 0.66 x |
| Nbr of stocks (in thousands) | 36,988 | 46,988 | 46,988 | 45,016 | 43,323 | 43,323 | - | - |
| Reference price 2 | 22.05 | 21.00 | 16.64 | 8.070 | 7.300 | 8.810 | 8.810 | 8.810 |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/19/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 736.7 | 480.1 | 783.6 | 621 | 616 | 642.6 | 796.9 | - |
| EBITDA 1 | 132.9 | 87.9 | 160.3 | 93.4 | 91.1 | 73.5 | 88.65 | 97.2 |
| EBIT 1 | 128.9 | 83.81 | 155.7 | 88.6 | 86.1 | 69.33 | 85.79 | 91.3 |
| Operating Margin | 17.5% | 17.46% | 19.87% | 14.27% | 13.98% | 10.79% | 10.77% | - |
| Earnings before Tax (EBT) 1 | 107.8 | 55.93 | 116.6 | 57.43 | 33.05 | 21.4 | 38.9 | 54.3 |
| Net income 1 | 69.8 | 33.69 | 83.05 | 40.59 | 20.11 | 22.5 | 36.4 | 36.6 |
| Net margin | 9.47% | 7.02% | 10.6% | 6.54% | 3.27% | 3.5% | 4.57% | - |
| EPS 2 | 1.890 | 0.8100 | 1.770 | 0.8800 | 0.4600 | 0.5200 | 0.8400 | 0.8500 |
| Free Cash Flow 1 | -206 | 118.8 | 42.81 | 69.85 | - | -98.3 | -33.7 | -176.6 |
| FCF margin | -27.97% | 24.74% | 5.46% | 11.25% | - | -15.3% | -4.23% | - |
| FCF Conversion (EBITDA) | - | 135.16% | 26.7% | 74.78% | - | - | - | - |
| FCF Conversion (Net income) | - | 352.69% | 51.54% | 172.09% | - | - | - | - |
| Dividend per Share 2 | - | 0.2600 | 0.6200 | 0.3500 | - | 0.2513 | 0.3328 | 0.5033 |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/19/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 173.9 | - | 123.5 | 156 | 153.8 |
| EBITDA | - | - | - | - | 17 | - | - |
| EBIT | 28.2 | - | - | 27.7 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 17.72 | - | - | - | - | - | - |
| Net income | 13.02 | 17.95 | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - |
| EPS | - | 0.3800 | 0.2600 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 8/27/20 | 8/11/22 | 11/10/22 | 3/16/23 | 5/11/23 | 8/10/23 | 11/9/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 478 | 250 | 269 | 265 | - | 239 | 233 | 312 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.6 x | 2.841 x | 1.68 x | 2.838 x | - | 3.25 x | 2.631 x | 3.213 x |
| Free Cash Flow 1 | -206 | 119 | 42.8 | 69.8 | - | -98.3 | -33.7 | -177 |
| ROE (net income / shareholders' equity) | 25.3% | 9.92% | 17.5% | 8.59% | - | 5.58% | 7.23% | 8.65% |
| ROA (Net income/ Total Assets) | 7.71% | 3.42% | 6.91% | 3.03% | - | 1.49% | 2.35% | 3.5% |
| Assets 1 | 905.4 | 985 | 1,202 | 1,340 | - | 1,513 | 1,551 | 1,047 |
| Book Value Per Share 2 | 8.360 | 11.10 | 12.60 | 12.20 | - | 12.20 | 13.60 | 13.40 |
| Cash Flow per Share 2 | -5.540 | 2.880 | 0.9300 | 1.490 | - | 0.3300 | 0.9900 | 1.630 |
| Capex 1 | 0.94 | 1.07 | 1.1 | 0.32 | - | 4.8 | 4.8 | 4.8 |
| Capex / Sales | 0.13% | 0.22% | 0.14% | 0.05% | - | 0.75% | 0.6% | - |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/19/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
8.81
EUR
Average target price
10.12
EUR
Spread / Average Target
+14.93%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -9.36% | 22.5B | |
| +9.02% | 10.79B | |
| -34.32% | 10.32B | |
| -28.99% | 7.2B | |
| -5.56% | 7.01B | |
| -0.34% | 6.53B | |
| -3.03% | 6.09B | |
| +12.96% | 3.57B | |
| -5.92% | 3.54B |
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