LEG IMMOBILIEN SE |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 86.06 EUR | -1.35% |
|
+4.36% | +8.70% |
| May. 16 | LEG IMMOBILIEN : Gets a Neutral rating from Deutsche Bank | ZD |
| May. 15 | LEG IMMOBILIEN : Jefferies sticks Neutral | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,284 | 9,161 | 8,846 | 4,510 | 5,878 | 6,465 | - | - |
| Enterprise Value (EV) 1 | 11,855 | 14,694 | 17,056 | 13,547 | 5,878 | 15,379 | 15,098 | 14,933 |
| P/E ratio | 8.37 x | 6.81 x | 5.65 x | 42 x | -3.75 x | -34.6 x | 15.9 x | 11.6 x |
| Yield | 3.41% | 2.97% | 3.32% | - | - | 2.88% | 2.93% | 2.97% |
| Capitalization / Revenue | 12.4 x | 14.6 x | 12.9 x | 5.64 x | 7.05 x | 7.49 x | 7.31 x | 7.16 x |
| EV / Revenue | 20.2 x | 23.4 x | 24.9 x | 17 x | 7.05 x | 17.8 x | 17.1 x | 16.5 x |
| EV / EBITDA | 27.8 x | 31.5 x | 33.3 x | 22.6 x | 8.74 x | 26.3 x | 24.1 x | 23.5 x |
| EV / FCF | 38.4 x | 47.3 x | 48.2 x | - | - | 45.9 x | 45.6 x | 43.5 x |
| FCF Yield | 2.6% | 2.11% | 2.07% | - | - | 2.18% | 2.19% | 2.3% |
| Price to Book | 1.16 x | 1.24 x | 1 x | 0.5 x | - | 0.9 x | 0.86 x | 0.82 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 | 87.24 | 87.24 | 87.24 |
| 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 | 863.1 | 884.4 | 902.8 |
| EBITDA 1 | 426.5 | 466.9 | 512.2 | 598.7 | 672.8 | 584.7 | 626.4 | 636 |
| EBIT 1 | 370.6 | 364.9 | 391 | 245.7 | 558.3 | 578.1 | 597.4 | 616.1 |
| Operating Margin | 63.23% | 58.17% | 57.17% | 30.75% | 66.92% | 66.98% | 67.55% | 68.24% |
| Earnings before Tax (EBT) 1 | 1,051 | 1,395 | 2,139 | 508 | -1,982 | -146.5 | 537.9 | 480.9 |
| Net income 1 | 817.2 | 1,361 | 1,722 | 234 | -1,569 | -175.4 | 548.4 | 559.6 |
| Net margin | 139.43% | 216.99% | 251.73% | 29.28% | -188.03% | -20.32% | 62.01% | 61.99% |
| EPS 2 | 12.61 | 18.67 | 21.72 | 1.450 | -21.17 | -2.520 | 5.470 | 7.506 |
| Free Cash Flow 1 | 308.5 | 310.5 | 353.7 | - | - | 335.1 | 331 | 343 |
| FCF margin | 52.64% | 49.5% | 51.72% | - | - | 38.82% | 37.43% | 37.99% |
| FCF Conversion (EBITDA) | 72.33% | 66.5% | 69.06% | - | - | 57.32% | 52.85% | 53.93% |
| FCF Conversion (Net income) | 37.75% | 22.81% | 20.54% | - | - | - | 60.36% | 61.29% |
| Dividend per Share 2 | 3.600 | 3.780 | 4.070 | - | - | 2.509 | 2.552 | 2.591 |
| 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 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 111.6 | 147.2 | 149.3 | 162.2 | 140 | 157 | 178.2 | - | 172.1 | 165.5 | 157.6 | 149.3 | - | 162.7 | 127.6 | 146.1 | 159.6 |
| EBIT | - | - | 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 | - | 583.6 | 153.7 | 904.7 | 126.4 | -950.8 | 95.2 | -1,125 | - | 57.3 | -595.9 | 57.1 | -590.9 | - | 124 | -244.7 | 106 | 108.1 |
| Net margin | 199.16% | - | 335.02% | 77.82% | 455.31% | 63.07% | -469.53% | 46.15% | -541.01% | - | 27.39% | -282.69% | - | - | - | - | - | - | - |
| EPS 2 | - | - | 7.380 | 1.370 | 9.990 | 2.850 | -12.80 | 1.180 | -15.18 | - | - | -8.040 | 0.7700 | -7.178 | - | 1.506 | -2.972 | 1.287 | 1.294 |
| Dividend per Share 2 | - | - | 4.070 | - | - | - | - | - | - | - | - | - | - | - | 12.16 | - | 2.573 | - | - |
| Announcement Date | 8/6/20 | 8/3/21 | 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 | 5/15/24 | - | - | - | - | - | - |
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 | - | 8,914 | 8,633 | 8,468 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.72 x | 11.85 x | 16.03 x | 15.09 x | - | 15.25 x | 13.78 x | 13.31 x |
| Free Cash Flow 1 | 309 | 311 | 354 | - | - | 335 | 331 | 343 |
| ROE (net income / shareholders' equity) | 4.8% | 6.96% | 21.1% | 2.6% | - | 5.69% | 5.98% | 6.23% |
| ROA (Net income/ Total Assets) | 6.78% | 9.65% | 1.72% | 1.12% | - | -0.67% | 2.59% | 2.73% |
| Assets 1 | 12,057 | 14,101 | 100,093 | 20,979 | - | 26,278 | 21,215 | 20,503 |
| Book Value Per Share 2 | 91.20 | 102.0 | 123.0 | 122.0 | - | 96.90 | 102.0 | 106.0 |
| Cash Flow per Share 2 | 4.350 | 4.310 | 4.450 | 4.830 | - | 5.180 | 5.300 | - |
| Capex 1 | 371 | 15.6 | - | 373 | - | 202 | 281 | 280 |
| Capex / Sales | 63.37% | 2.49% | - | 46.7% | - | 23.4% | 31.75% | 30.97% |
| 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
87.24
EUR
Average target price
87.35
EUR
Spread / Average Target
+0.13%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.98% | 7.03B | |
| +4.17% | 26.33B | |
| -13.96% | 13.96B | |
| +8.89% | 10.98B | |
| -22.81% | 7.97B | |
| -5.44% | 6.99B | |
| +5.04% | 6.85B | |
| -1.21% | 3.69B | |
| +10.47% | 3.52B | |
| +27.20% | 3.32B |
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