LEG IMMOBILIEN SE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 76.92 EUR | +2.81% |
|
+3.55% | -3.03% |
| Apr. 22 | LEG IMMOBILIEN : Buy rating from Baader Bank | ZD |
| Apr. 19 | Falling building permits: Left Party proposes 20 billion fund | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,284 | 9,161 | 8,846 | 4,510 | 5,878 | 5,700 | - | - |
| Enterprise Value (EV) 1 | 11,855 | 14,694 | 17,056 | 13,547 | 5,878 | 14,597 | 14,333 | 14,182 |
| P/E ratio | 8.37 x | 6.81 x | 5.65 x | 42 x | -3.75 x | -15.9 x | 15.1 x | 10.6 x |
| Yield | 3.41% | 2.97% | 3.32% | - | - | 3.32% | 3.3% | 3.38% |
| Capitalization / Revenue | 12.4 x | 14.6 x | 12.9 x | 5.64 x | 7.05 x | 6.61 x | 6.46 x | 6.32 x |
| EV / Revenue | 20.2 x | 23.4 x | 24.9 x | 17 x | 7.05 x | 16.9 x | 16.2 x | 15.7 x |
| EV / EBITDA | 27.8 x | 31.5 x | 33.3 x | 22.6 x | 8.74 x | 23.5 x | 22.4 x | 21.5 x |
| EV / FCF | 38.4 x | 47.3 x | 48.2 x | - | - | 42.1 x | 48.9 x | - |
| FCF Yield | 2.6% | 2.11% | 2.07% | - | - | 2.37% | 2.04% | - |
| Price to Book | 1.16 x | 1.24 x | 1 x | 0.5 x | - | 0.8 x | 0.75 x | 0.72 x |
| Nbr of stocks (in thousands) | 69,010 | 72,096 | 72,096 | 74,109 | 74,109 | 74,109 | - | - |
| Reference price 2 | 105.6 | 127.1 | 122.7 | 60.86 | 79.32 | 76.92 | 76.92 | 76.92 |
| Announcement Date | 3/9/20 | 3/10/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 586.1 | 627.3 | 683.9 | 799.1 | 834.3 | 862 | 882.1 | 902.5 |
| EBITDA 1 | 426.5 | 466.9 | 512.2 | 598.7 | 672.8 | 621.3 | 639 | 660.7 |
| EBIT 1 | 370.6 | 364.9 | 391 | 245.7 | 558.3 | 567.4 | 594.4 | 616.1 |
| Operating Margin | 63.23% | 58.17% | 57.17% | 30.75% | 66.92% | 65.83% | 67.38% | 68.27% |
| Earnings before Tax (EBT) 1 | 1,051 | 1,395 | 2,139 | 508 | -1,982 | -188.6 | 561.1 | 481.6 |
| Net income 1 | 817.2 | 1,361 | 1,722 | 234 | -1,569 | -358 | 562 | 546.8 |
| Net margin | 139.43% | 216.99% | 251.73% | 29.28% | -188.03% | -41.53% | 63.71% | 60.59% |
| EPS 2 | 12.61 | 18.67 | 21.72 | 1.450 | -21.17 | -4.832 | 5.086 | 7.289 |
| Free Cash Flow 1 | 308.5 | 310.5 | 353.7 | - | - | 346.4 | 293 | - |
| FCF margin | 52.64% | 49.5% | 51.72% | - | - | 40.19% | 33.22% | - |
| FCF Conversion (EBITDA) | 72.33% | 66.5% | 69.06% | - | - | 55.76% | 45.86% | - |
| FCF Conversion (Net income) | 37.75% | 22.81% | 20.54% | - | - | - | 52.14% | - |
| Dividend per Share 2 | 3.600 | 3.780 | 4.070 | - | - | 2.557 | 2.536 | 2.600 |
| Announcement Date | 3/9/20 | 3/10/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 308 | 338.5 | - | 174.2 | 197.5 | 198.7 | 200.4 | 202.5 | 206.3 | 208 | 414.3 | 209.2 | 210.8 | - | - | - | - | - | - |
| EBITDA 1 | 235.2 | 261.3 | 139.3 | 111.6 | 147.2 | 149.3 | 162.2 | 140 | 157 | 178.2 | - | 172.1 | 165.5 | 132.3 | 149.3 | - | 162.7 | 127.6 | 146.1 |
| EBIT | - | - | 139.3 | 16.4 | 137.1 | 45.5 | 150.5 | -79.5 | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | 9.41% | 69.42% | 22.9% | 75.1% | -39.26% | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 161.7 | - | 126.2 | -1,421 | -1,295 | 74.5 | -761.9 | - | - | - | - | - | - |
| Net income 1 | 613.4 | - | 76.4 | 583.6 | 153.7 | 904.7 | 126.4 | -950.8 | 95.2 | -1,125 | - | 57.3 | -595.9 | 92.57 | -590.9 | - | 124 | -244.7 | 106 |
| Net margin | 199.16% | - | - | 335.02% | 77.82% | 455.31% | 63.07% | -469.53% | 46.15% | -541.01% | - | 27.39% | -282.69% | - | - | - | - | - | - |
| EPS 2 | - | - | 1.050 | 7.380 | 1.370 | 9.990 | 2.850 | -12.80 | 1.180 | -15.18 | - | - | -8.040 | 1.140 | -7.178 | - | 1.506 | -2.972 | 1.287 |
| Dividend per Share 2 | - | - | - | 4.070 | - | - | - | - | - | - | - | - | - | - | - | 12.16 | - | 2.573 | - |
| Announcement Date | 8/6/20 | 8/3/21 | 11/10/21 | 3/10/22 | 5/11/22 | 8/10/22 | 11/10/22 | 3/9/23 | 5/10/23 | 8/10/23 | 8/10/23 | 11/9/23 | 3/11/24 | - | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,571 | 5,534 | 8,210 | 9,037 | - | 8,896 | 8,632 | 8,482 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.72 x | 11.85 x | 16.03 x | 15.09 x | - | 14.32 x | 13.51 x | 12.84 x |
| Free Cash Flow 1 | 309 | 311 | 354 | - | - | 346 | 293 | - |
| ROE (net income / shareholders' equity) | 4.8% | 6.96% | 21.1% | 2.6% | - | 5.6% | 5.54% | 5.52% |
| ROA (Net income/ Total Assets) | 6.78% | 9.65% | 1.72% | 1.12% | - | 0.09% | 2.53% | 2.16% |
| Assets 1 | 12,057 | 14,101 | 100,093 | 20,979 | - | -378,333 | 22,199 | 25,276 |
| Book Value Per Share 2 | 91.20 | 102.0 | 123.0 | 122.0 | - | 96.60 | 102.0 | 106.0 |
| Cash Flow per Share 2 | 4.350 | 4.310 | 4.450 | 4.830 | - | 5.170 | - | - |
| Capex 1 | 371 | 15.6 | - | 373 | - | 305 | 301 | 298 |
| Capex / Sales | 63.37% | 2.49% | - | 46.7% | - | 35.41% | 34.06% | 33.05% |
| Announcement Date | 3/9/20 | 3/10/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
76.92
EUR
Average target price
87.09
EUR
Spread / Average Target
+13.22%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.03% | 6.09B | |
| -9.36% | 22.5B | |
| +9.02% | 10.79B | |
| -34.32% | 10.32B | |
| -28.99% | 7.2B | |
| -5.56% | 7.01B | |
| -0.34% | 6.53B | |
| +12.96% | 3.57B | |
| -5.92% | 3.54B | |
| +27.36% | 3.32B |
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