Company Valuation: TAG Immobilien AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 3,789 3,602 1,060 2,315 2,520 2,895 2,895 -
Change - -4.93% -70.57% 118.34% 8.85% 14.87% 0% -
Enterprise Value (EV) 1 6,504 6,577 4,679 5,581 5,635 6,027 6,321 6,314
Change - 1.12% -28.86% 19.29% 0.96% 6.96% 4.87% -0.11%
P/E ratio 10.5x 6.87x 9.6x -5.84x 22.1x 7.23x 6.35x 6.37x
PBR 1.46x 1.19x 0.33x 0.8x 0.83x 0.79x 0.7x 0.65x
PEG - 0.2x -0.1x 0x -0x 0x 0.5x -16.42x
Capitalization / Revenue 11.7x 10.8x 3.12x 6.6x 7x 7.7x 6.82x 6.36x
EV / Revenue 20.2x 19.7x 13.8x 15.9x 15.6x 16x 14.9x 13.9x
EV / EBITDA 29.3x 29.1x 20x 23.6x 23.6x 23.2x 20.2x 17.8x
EV / EBIT 11.2x 8.64x 26.5x -13.2x 34.1x 13.1x 10.8x 10.8x
EV / FCF 170x -60.8x -10.9x 13.6x 97.1x -95.4x -11.1x 101x
FCF Yield 0.59% -1.65% -9.14% 7.34% 1.03% -1.05% -9.04% 0.99%
Dividend per Share 2 0.88 0.93 - - 0.4 0.3934 0.511 0.6229
Rate of return 3.4% 3.78% - - 2.79% 2.57% 3.34% 4.07%
EPS 2 2.47 3.58 0.63 -2.26 0.65 2.119 2.413 2.403
Distribution rate 35.6% 26% - - 61.5% 18.6% 21.2% 25.9%
Net sales 1 322.5 333.1 339.9 350.8 360.2 375.9 424.6 454.9
EBITDA 1 222.3 226.1 233.5 236.4 238.5 259.5 312.8 354.3
EBIT 1 583.2 761.4 176.8 -423.5 165.3 459.4 587.1 587
Net income 1 393.5 570.5 113.1 -396.9 121.1 372.5 447.3 452.2
Net Debt 1 2,715 2,974 3,619 3,266 3,115 3,132 3,426 3,419
Reference price 2 25.90 24.61 6.04 13.20 14.36 15.32 15.32 15.32
Nbr of stocks (in thousands) 146,295 146,380 175,391 175,442 175,483 188,951 188,951 -
Announcement Date 17/03/21 15/03/22 16/03/23 12/03/24 25/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.31x16.12x23.35x2.54% 3.38B
98.21x - - - 47.14B
8.41x18.18x22.38x4.85% 25.43B
5.02x0.57x1.15x5.87% 19.06B
11.19x3.81x9.5x-.--% 14.88B
18.7x - - 5.69% 9.85B
-1.76x1.34x-28.12x-.--% 7.59B
9.98x0.98x8.04x1.95% 7.56B
6.27x15.62x22.16x4.7% 5.7B
11.48x0.56x7.45x4.04% 4.43B
Average 17.48x 7.15x 8.24x 3.29% 14.5B
Weighted average by Cap. 37.67x 7.88x 9.29x 3.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation TAG Immobilien AG