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TAG IMMOBILIEN AG (TEG.DE) Stock Fundamental Analysis

FRA:TEG - Deutsche Boerse Ag - DE0008303504 - Common Stock - Currency: EUR

12.11  +0.13 (+1.09%)

Fundamental Rating

4

TEG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 71 industry peers in the Real Estate Management & Development industry. Both the profitability and the financial health of TEG get a neutral evaluation. Nothing too spectacular is happening here. TEG has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

TEG had negative earnings in the past year.
In the past year TEG had a positive cash flow from operations.
TEG had positive earnings in 4 of the past 5 years.
Each year in the past 5 years TEG had a positive operating cash flow.
TEG.DE Yearly Net Income VS EBIT VS OCF VS FCFTEG.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M

1.2 Ratios

TEG has a Return On Assets of -1.26%. This is comparable to the rest of the industry: TEG outperforms 56.34% of its industry peers.
TEG has a Return On Equity of -3.31%. This is comparable to the rest of the industry: TEG outperforms 54.93% of its industry peers.
TEG has a better Return On Invested Capital (2.62%) than 66.20% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TEG is below the industry average of 4.65%.
The last Return On Invested Capital (2.62%) for TEG is above the 3 year average (2.50%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -1.26%
ROE -3.31%
ROIC 2.62%
ROA(3y)1.33%
ROA(5y)3.59%
ROE(3y)2.85%
ROE(5y)8.54%
ROIC(3y)2.5%
ROIC(5y)2.71%
TEG.DE Yearly ROA, ROE, ROICTEG.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20

1.3 Margins

With a decent Operating Margin value of 42.99%, TEG is doing good in the industry, outperforming 73.24% of the companies in the same industry.
In the last couple of years the Operating Margin of TEG has declined.
The Gross Margin of TEG (68.07%) is better than 74.65% of its industry peers.
TEG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 42.99%
PM (TTM) N/A
GM 68.07%
OM growth 3Y-3.42%
OM growth 5Y-3.28%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.01%
GM growth 5Y0.35%
TEG.DE Yearly Profit, Operating, Gross MarginsTEG.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 100

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TEG is destroying value.
TEG has about the same amout of shares outstanding than it did 1 year ago.
TEG has more shares outstanding than it did 5 years ago.
The debt/assets ratio for TEG has been reduced compared to a year ago.
TEG.DE Yearly Shares OutstandingTEG.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
TEG.DE Yearly Total Debt VS Total AssetsTEG.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

TEG has an Altman-Z score of 0.80. This is a bad value and indicates that TEG is not financially healthy and even has some risk of bankruptcy.
TEG's Altman-Z score of 0.80 is in line compared to the rest of the industry. TEG outperforms 57.75% of its industry peers.
TEG has a debt to FCF ratio of 14.44. This is a negative value and a sign of low solvency as TEG would need 14.44 years to pay back of all of its debts.
The Debt to FCF ratio of TEG (14.44) is better than 80.28% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that TEG is somewhat dependend on debt financing.
TEG's Debt to Equity ratio of 0.89 is in line compared to the rest of the industry. TEG outperforms 54.93% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 14.44
Altman-Z 0.8
ROIC/WACC0.76
WACC3.46%
TEG.DE Yearly LT Debt VS Equity VS FCFTEG.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.03 indicates that TEG should not have too much problems paying its short term obligations.
The Current ratio of TEG (1.03) is comparable to the rest of the industry.
A Quick Ratio of 0.59 indicates that TEG may have some problems paying its short term obligations.
TEG's Quick ratio of 0.59 is in line compared to the rest of the industry. TEG outperforms 45.07% of its industry peers.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 0.59
TEG.DE Yearly Current Assets VS Current LiabilitesTEG.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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3

3. Growth

3.1 Past

TEG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 77.67%, which is quite impressive.
TEG shows a small growth in Revenue. In the last year, the Revenue has grown by 0.65%.
TEG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.92% yearly.
EPS 1Y (TTM)77.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-12.33%
Revenue 1Y (TTM)0.65%
Revenue growth 3Y2.73%
Revenue growth 5Y2.92%
Sales Q2Q%5.59%

3.2 Future

TEG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 150.59% yearly.
Based on estimates for the next years, TEG will show a small growth in Revenue. The Revenue will grow by 0.26% on average per year.
EPS Next Y855.86%
EPS Next 2Y264.98%
EPS Next 3Y150.59%
EPS Next 5YN/A
Revenue Next Year2.98%
Revenue Next 2Y1.74%
Revenue Next 3Y9.05%
Revenue Next 5Y0.26%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TEG.DE Yearly Revenue VS EstimatesTEG.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 100M 200M 300M 400M 500M
TEG.DE Yearly EPS VS EstimatesTEG.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0.5 1 1.5 2 2.5

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for TEG. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 9.96, the valuation of TEG can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TEG indicates a rather cheap valuation: TEG is cheaper than 81.69% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.05, TEG is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 9.96
TEG.DE Price Earnings VS Forward Price EarningsTEG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TEG indicates a somewhat cheap valuation: TEG is cheaper than 73.24% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TEG indicates a rather cheap valuation: TEG is cheaper than 81.69% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.3
EV/EBITDA 23.86
TEG.DE Per share dataTEG.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

TEG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TEG's earnings are expected to grow with 150.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y264.98%
EPS Next 3Y150.59%

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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.29%, TEG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.28, TEG pays a bit more dividend than its industry peers.
TEG's Dividend Yield is a higher than the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 3.29%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
TEG.DE Yearly Dividends per shareTEG.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2025 0.5 1 1.5

5.3 Sustainability

DP0%
EPS Next 2Y264.98%
EPS Next 3Y150.59%
TEG.DE Yearly Income VS Free CF VS DividendTEG.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M

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TAG IMMOBILIEN AG

FRA:TEG (3/26/2025, 5:35:30 PM)

12.11

+0.13 (+1.09%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-13 2024-11-13
Earnings (Next)03-25 2025-03-25/amc
Inst Owners72.82%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.13B
Analysts82.35
Price Target17.75 (46.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.29%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)1.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)20.59%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.74%
Revenue NY rev (3m)-2.06%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 9.96
P/S 4.51
P/FCF 8.3
P/OCF 5.81
P/B 0.73
P/tB 0.81
EV/EBITDA 23.86
EPS(TTM)-0.59
EYN/A
EPS(NY)1.22
Fwd EY10.04%
FCF(TTM)1.46
FCFY12.05%
OCF(TTM)2.08
OCFY17.21%
SpS2.68
BVpS16.69
TBVpS15.04
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.26%
ROE -3.31%
ROCE 3.22%
ROIC 2.62%
ROICexc 2.93%
ROICexgc 3.09%
OM 42.99%
PM (TTM) N/A
GM 68.07%
FCFM 54.35%
ROA(3y)1.33%
ROA(5y)3.59%
ROE(3y)2.85%
ROE(5y)8.54%
ROIC(3y)2.5%
ROIC(5y)2.71%
ROICexc(3y)2.56%
ROICexc(5y)2.79%
ROICexgc(3y)2.63%
ROICexgc(5y)2.83%
ROCE(3y)3.07%
ROCE(5y)3.33%
ROICexcg growth 3Y-2.29%
ROICexcg growth 5Y-5.68%
ROICexc growth 3Y-3.64%
ROICexc growth 5Y-6.53%
OM growth 3Y-3.42%
OM growth 5Y-3.28%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.01%
GM growth 5Y0.35%
F-Score6
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 14.44
Debt/EBITDA 12.19
Cap/Depr 876.3%
Cap/Sales 23.31%
Interest Coverage 3.13
Cash Conversion 170.12%
Profit Quality N/A
Current Ratio 1.03
Quick Ratio 0.59
Altman-Z 0.8
F-Score6
WACC3.46%
ROIC/WACC0.76
Cap/Depr(3y)91.29%
Cap/Depr(5y)122.42%
Cap/Sales(3y)2.04%
Cap/Sales(5y)2.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)77.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-12.33%
EPS Next Y855.86%
EPS Next 2Y264.98%
EPS Next 3Y150.59%
EPS Next 5YN/A
Revenue 1Y (TTM)0.65%
Revenue growth 3Y2.73%
Revenue growth 5Y2.92%
Sales Q2Q%5.59%
Revenue Next Year2.98%
Revenue Next 2Y1.74%
Revenue Next 3Y9.05%
Revenue Next 5Y0.26%
EBIT growth 1Y-5.76%
EBIT growth 3Y-0.79%
EBIT growth 5Y-0.45%
EBIT Next Year153.14%
EBIT Next 3Y37.91%
EBIT Next 5Y20.98%
FCF growth 1Y169.42%
FCF growth 3Y5.7%
FCF growth 5Y13.13%
OCF growth 1Y248.21%
OCF growth 3Y4.75%
OCF growth 5Y12.83%