TAG IMMOBILIEN AG Financials TAG Immobilien AG London S.E.
Equities
0JK4
DE0008303504
Real Estate Development & Operations
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.98 EUR | +2.30% |
|
+6.02% | +4.98% |
| 01:52pm | Oddo BHF Upgrades TAG Immobilien to Outperform from Neutral, Boosts PT | MT |
| Jun. 28 | Study: Buying a home has become more affordable in Germany | 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 | 2,399 | - | - |
| Enterprise Value (EV) 1 | 5,715 | 6,504 | 6,577 | 4,679 | 5,581 | 5,415 | 5,457 | 5,504 |
| P/E ratio | 7.64 x | 10.5 x | 6.87 x | 9.6 x | -5.84 x | -65.1 x | 10.1 x | 7.1 x |
| Yield | 3.7% | 3.4% | 3.78% | - | - | 3.33% | 4.05% | 4.39% |
| Capitalization / Revenue | 10.3 x | 11.7 x | 10.8 x | 3.12 x | 6.6 x | 6.65 x | 6.46 x | 6.22 x |
| EV / Revenue | 18.1 x | 20.2 x | 19.7 x | 13.8 x | 15.9 x | 15 x | 14.7 x | 14.3 x |
| EV / EBITDA | 26.6 x | 29.3 x | 29.1 x | 20 x | 23.6 x | 22.9 x | 21.6 x | 20.8 x |
| EV / FCF | -109 x | 170 x | -60.8 x | -10.9 x | 13.6 x | 28.3 x | 31.2 x | 34.3 x |
| FCF Yield | -0.91% | 0.59% | -1.65% | -9.14% | 7.34% | 3.53% | 3.21% | 2.91% |
| Price to Book | 1.38 x | 1.46 x | 1.19 x | 0.33 x | 0.8 x | 0.81 x | 0.77 x | 0.71 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 | 13.67 | 13.67 | 13.67 |
| 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 | 360.8 | 371.1 | 385.9 |
| EBITDA 1 | 214.7 | 222.3 | 226.1 | 233.5 | 236.4 | 236.4 | 253.2 | 265.2 |
| EBIT 1 | 624.9 | 583.2 | 761.4 | 176.8 | -423.5 | 56.46 | 329.3 | 394.7 |
| Operating Margin | 198.41% | 180.84% | 228.57% | 52.03% | -120.72% | 15.65% | 88.73% | 102.28% |
| Earnings before Tax (EBT) 1 | 547.3 | 476.2 | 718.1 | 144.2 | -503.2 | -2.49 | 282.1 | 309.7 |
| Net income 1 | 446.3 | 393.5 | 570.5 | 113.1 | -396.9 | 28.96 | 260.1 | 278.8 |
| Net margin | 141.68% | 122.02% | 171.26% | 33.27% | -113.15% | 8.03% | 70.1% | 72.26% |
| EPS 2 | 2.900 | 2.470 | 3.580 | 0.6300 | -2.260 | -0.2100 | 1.348 | 1.926 |
| Free Cash Flow 1 | -52.2 | 38.3 | -108.2 | -427.7 | 409.8 | 191.4 | 175.1 | 160.3 |
| FCF margin | -16.57% | 11.88% | -32.48% | -125.82% | 116.83% | 53.04% | 47.18% | 41.54% |
| FCF Conversion (EBITDA) | - | 17.23% | - | - | 173.36% | 80.94% | 69.16% | 60.44% |
| FCF Conversion (Net income) | - | 9.73% | - | - | - | 660.81% | 67.31% | 57.49% |
| Dividend per Share 2 | 0.8200 | 0.8800 | 0.9300 | - | - | 0.4545 | 0.5538 | 0.5999 |
| 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 | 3,266 | 3,016 | 3,059 | 3,105 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 11.51 x | 12.21 x | 13.15 x | 15.5 x | 13.82 x | 12.76 x | 12.08 x | 11.71 x |
| Free Cash Flow 1 | -52.2 | 38.3 | -108 | -428 | 410 | 191 | 175 | 160 |
| ROE (net income / shareholders' equity) | 20.5% | 15.9% | 20.2% | 3.63% | -13.1% | 0.58% | 8.45% | 8.71% |
| ROA (Net income/ Total Assets) | 8.36% | 6.49% | 8.41% | 1.48% | -5.12% | 0.33% | 3.48% | 3.65% |
| Assets 1 | 5,338 | 6,062 | 6,783 | 7,652 | 7,757 | 8,786 | 7,472 | 7,632 |
| Book Value Per Share 2 | 16.00 | 17.80 | 20.80 | 18.20 | 16.40 | 16.80 | 17.80 | 19.20 |
| Cash Flow per Share | 0.9600 | 1.590 | 1.020 | 0.7700 | 1.540 | - | - | - |
| Capex 1 | 10.9 | 12.8 | 241 | 235 | 150 | 10 | 173 | 222 |
| Capex / Sales | 3.46% | 3.98% | 72.28% | 69.1% | 42.8% | 2.77% | 46.74% | 57.52% |
| 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
10
Last Close Price
13.67
EUR
Average target price
14.2
EUR
Spread / Average Target
+3.88%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.67% | 23.18B | |
| +10.72% | 10.93B | |
| -31.84% | 10.8B | |
| -25.06% | 7.68B | |
| -11.69% | 6.53B | |
| -6.73% | 6.08B | |
| -3.76% | 6.01B | |
| +52.15% | 3.78B | |
| +19.96% | 3.64B |
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