Financials TAG Immobilien AG

Equities

TEG

DE0008303504

Real Estate Development & Operations

Market Closed - Xetra 16:35:21 14/06/2024 BST 5-day change 1st Jan Change
13.22 EUR -1.56% Intraday chart for TAG Immobilien AG -3.22% +0.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,243 3,789 3,602 1,060 2,315 2,320 - -
Enterprise Value (EV) 1 5,715 6,504 6,577 4,679 2,315 5,113 5,402 5,385
P/E ratio 7.64 x 10.5 x 6.87 x 9.6 x -5.84 x 116 x 10.4 x 6.69 x
Yield 3.7% 3.4% 3.78% - - 3.31% 4.13% 4.56%
Capitalization / Revenue 10.3 x 11.7 x 10.8 x 3.12 x 6.6 x 6.39 x 6.3 x 6.06 x
EV / Revenue 18.1 x 20.2 x 19.7 x 13.8 x 6.6 x 14.1 x 14.7 x 14.1 x
EV / EBITDA 26.6 x 29.3 x 29.1 x 20 x 9.79 x 22 x 21.5 x 21.1 x
EV / FCF -109 x 170 x -60.8 x -10.9 x - 20.8 x 103 x 133 x
FCF Yield -0.91% 0.59% -1.65% -9.14% - 4.81% 0.97% 0.75%
Price to Book 1.38 x 1.46 x 1.19 x 0.33 x - 0.79 x 0.74 x 0.68 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 13.22 13.22 13.22
Announcement Date 27/02/20 17/03/21 15/03/22 16/03/23 12/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 315 322.5 333.1 339.9 350.8 362.9 368.3 383
EBITDA 1 214.7 222.3 226.1 233.5 236.4 232.4 250.7 255.6
EBIT 1 624.9 583.2 761.4 176.8 -423.5 53.38 314.5 377
Operating Margin 198.41% 180.84% 228.57% 52.03% -120.72% 14.71% 85.41% 98.43%
Earnings before Tax (EBT) 1 547.3 476.2 718.1 144.2 -503.2 42.45 278 305.6
Net income 1 446.3 393.5 570.5 113.1 -396.9 45.16 248.8 270.7
Net margin 141.68% 122.02% 171.26% 33.27% -113.15% 12.44% 67.56% 70.69%
EPS 2 2.900 2.470 3.580 0.6300 -2.260 0.1142 1.268 1.976
Free Cash Flow 1 -52.2 38.3 -108.2 -427.7 - 246 52.5 40.4
FCF margin -16.57% 11.88% -32.48% -125.82% - 67.78% 14.26% 10.55%
FCF Conversion (EBITDA) - 17.23% - - - 105.87% 20.94% 15.81%
FCF Conversion (Net income) - 9.73% - - - 544.79% 21.1% 14.92%
Dividend per Share 2 0.8200 0.8800 0.9300 - - 0.4369 0.5463 0.6032
Announcement Date 27/02/20 17/03/21 15/03/22 16/03/23 12/03/24 - - -
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 20/08/20 22/11/22 16/03/23 14/11/23 12/03/24
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 - 2,793 3,082 3,065
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 11.51 x 12.21 x 13.15 x 15.5 x - 12.02 x 12.29 x 11.99 x
Free Cash Flow 1 -52.2 38.3 -108 -428 - 246 52.5 40.4
ROE (net income / shareholders' equity) 20.5% 15.9% 20.2% 3.63% - 0.87% 7.66% 7.86%
ROA (Net income/ Total Assets) 8.36% 6.49% 8.41% 1.48% - 0.24% 3.03% 3.16%
Assets 1 5,338 6,062 6,783 7,652 - 18,622 8,202 8,566
Book Value Per Share 2 16.00 17.80 20.80 18.20 - 16.80 17.80 19.30
Cash Flow per Share 0.9600 1.590 1.020 0.7700 - - - -
Capex 1 10.9 12.8 241 235 - 57.6 159 202
Capex / Sales 3.46% 3.98% 72.28% 69.1% - 15.87% 43.05% 52.87%
Announcement Date 27/02/20 17/03/21 15/03/22 16/03/23 12/03/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
13.22 EUR
Average target price
13.1 EUR
Spread / Average Target
-0.91%
Consensus

Quarterly revenue - Rate of surprise

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