TAG IMMOBILIEN AG Financials TAG Immobilien AG London S.E.
Equities
0JK4
DE0008303504
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.62 EUR | +4.17% |
|
+6.00% | -4.69% |
| Apr. 11 | Construction industry: Crisis in residential construction will hit the entire economy hard | DP |
| Apr. 11 | Property owners' association wants to take legal action against extended rent freeze | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,243 | 3,789 | 3,602 | 1,060 | 2,315 | 2,239 | - | - |
| Enterprise Value (EV) 1 | 5,715 | 6,504 | 6,577 | 4,679 | 2,315 | 5,356 | 5,324 | 5,287 |
| P/E ratio | 7.64 x | 10.5 x | 6.87 x | 9.6 x | -5.84 x | 103 x | 10.3 x | 6.42 x |
| Yield | 3.7% | 3.4% | 3.78% | - | - | 3.1% | 4.11% | 4.76% |
| Capitalization / Revenue | 10.3 x | 11.7 x | 10.8 x | 3.12 x | 6.6 x | 6.27 x | 6.12 x | 5.94 x |
| EV / Revenue | 18.1 x | 20.2 x | 19.7 x | 13.8 x | 6.6 x | 15 x | 14.6 x | 14 x |
| EV / EBITDA | 26.6 x | 29.3 x | 29.1 x | 20 x | 9.79 x | 20.8 x | 20.1 x | 20.5 x |
| EV / FCF | -109 x | 170 x | -60.8 x | -10.9 x | - | 38.2 x | 96.7 x | - |
| FCF Yield | -0.91% | 0.59% | -1.65% | -9.14% | - | 2.62% | 1.03% | - |
| Price to Book | 1.38 x | 1.46 x | 1.19 x | 0.33 x | - | 0.77 x | 0.72 x | 0.67 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 | 12.76 | 12.76 | 12.76 |
| 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 | 357.1 | 365.8 | 376.7 |
| EBITDA 1 | 214.7 | 222.3 | 226.1 | 233.5 | 236.4 | 257.7 | 265.3 | 257.8 |
| EBIT 1 | 624.9 | 583.2 | 761.4 | 176.8 | -423.5 | 68.38 | 306.1 | 333.2 |
| Operating Margin | 198.41% | 180.84% | 228.57% | 52.03% | -120.72% | 19.15% | 83.66% | 88.45% |
| Earnings before Tax (EBT) 1 | 547.3 | 476.2 | 718.1 | 144.2 | -503.2 | 48.93 | 242.3 | 265.9 |
| Net income 1 | 446.3 | 393.5 | 570.5 | 113.1 | -396.9 | 29.23 | 211.3 | 242.3 |
| Net margin | 141.68% | 122.02% | 171.26% | 33.27% | -113.15% | 8.18% | 57.75% | 64.33% |
| EPS 2 | 2.900 | 2.470 | 3.580 | 0.6300 | -2.260 | 0.1238 | 1.233 | 1.987 |
| 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% | - | 39.24% | 15.05% | - |
| FCF Conversion (EBITDA) | - | 17.23% | - | - | - | 54.39% | 20.75% | - |
| FCF Conversion (Net income) | - | 9.73% | - | - | - | 479.48% | 26.06% | - |
| Dividend per Share 2 | 0.8200 | 0.8800 | 0.9300 | - | - | 0.3954 | 0.5251 | 0.6068 |
| 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 | - | 3,117 | 3,085 | 3,048 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 11.51 x | 12.21 x | 13.15 x | 15.5 x | - | 12.1 x | 11.63 x | 11.82 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% | - | 0.75% | 7.41% | 6.76% |
| ROA (Net income/ Total Assets) | 8.36% | 6.49% | 8.41% | 1.48% | - | 0.3% | 3.04% | 2.86% |
| Assets 1 | 5,338 | 6,062 | 6,783 | 7,652 | - | 9,699 | 6,952 | 8,479 |
| Book Value Per Share 2 | 16.00 | 17.80 | 20.80 | 18.20 | - | 16.50 | 17.70 | 19.20 |
| Cash Flow per Share | 0.9600 | 1.590 | 1.020 | 0.7700 | - | - | - | - |
| Capex 1 | 10.9 | 12.8 | 241 | 235 | - | 163 | 143 | 208 |
| Capex / Sales | 3.46% | 3.98% | 72.28% | 69.1% | - | 45.5% | 39.09% | 55.22% |
| 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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
12.76
EUR
Average target price
12.97
EUR
Spread / Average Target
+1.67%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +9.02% | 10.79B | |
| -34.32% | 10.32B | |
| -28.99% | 7.2B | |
| -5.56% | 7.01B | |
| -0.34% | 6.53B | |
| -3.03% | 6.09B | |
| -5.92% | 3.54B | |
| +12.96% | 3.57B | |
| +27.36% | 3.32B |
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- Financials TAG Immobilien AG
