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| Titel | Ex-Datum | Zahldatum | Bruttobetrag |
TAG Immobilien AG |
19.05.25 |
17.06.25 |
0.4000 € |
TAG Immobilien AG |
20.05.22 |
0.4300 € |
|
TAG Immobilien AG |
16.05.22 |
0.8882 € |
|
TAG Immobilien AG |
14.05.21 |
0.2403 € |
|
TAG Immobilien AG |
12.05.21 |
0.8404 € |
|
TAG Immobilien AG |
29.05.20 |
0.8200 € |
|
TAG Immobilien AG |
25.05.20 |
27.05.20 |
0.7831 € |
TAG Immobilien AG |
19.05.20 |
0.8200 € |
|
TAG Immobilien AG |
10.05.19 |
0.7500 € |
|
TAG Immobilien AG |
08.05.19 |
0.7163 € |
|
TAG Immobilien AG |
25.05.18 |
0.6500 € |
|
TAG Immobilien AG |
19.05.17 |
0.5700 € |
|
Nachrichten |
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| Datum / Uhrzeit | Titel | Bewertung |
| 02.04.25 04:28:03 | TAG Immobilien (ETR:TEG) Is Posting Promising Earnings But The Good News Doesn’t Stop There |  |
| The market seemed underwhelmed by last week's earnings announcement from TAG Immobilien AG (ETR:TEG) despite the healthy numbers. We did some digging, and we think that investors are missing some encouraging factors in the underlying numbers. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.XTRA:TEG Earnings and Revenue History April 2nd 2025 How Do Unusual Items Influence Profit? For anyone who wants to understand TAG Immobilien's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by €119m due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. In the twelve months to December 2024, TAG Immobilien had a big unusual items expense. All else being equal, this would likely have the effect of making the statutory profit look worse than its underlying earnings power. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On TAG Immobilien's Profit Performance As we mentioned previously, the TAG Immobilien's profit was hampered by unusual items in the last year. Based on this observation, we consider it possible that TAG Immobilien's statutory profit actually understates its earnings potential! And one can definitely find a positive in the fact that it made a profit this year, despite losing money last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Be aware that TAG Immobilien is showing 3 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable... This note has only looked at a single factor that sheds light on the nature of TAG Immobilien's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 10.03.25 12:18:36 | TAG Immobilien (ETR:TEG shareholders incur further losses as stock declines 13% this week, taking three-year losses to 41% | |
| In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But if you try your hand at stock picking, you risk returning less than the market. We regret to report that long term TAG Immobilien AG (ETR:TEG) shareholders have had that experience, with the share price dropping 46% in three years, versus a market return of about 26%. The falls have accelerated recently, with the share price down 19% in the last three months. After losing 13% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance. Check out our latest analysis for TAG Immobilien To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. We know that TAG Immobilien has been profitable in the past. However, it made a loss in the last twelve months, suggesting profit may be an unreliable metric at this stage. Other metrics might give us a better handle on how its value is changing over time. Revenue is actually up 31% over the three years, so the share price drop doesn't seem to hinge on revenue, either. It's probably worth investigating TAG Immobilien further; while we may be missing something on this analysis, there might also be an opportunity. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).XTRA:TEG Earnings and Revenue Growth March 10th 2025 It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. This freereport showing analyst forecasts should help you form a view on TAG Immobilien A Dividend Lost It's important to keep in mind that we've been talking about the share price returns, which don't include dividends, while the total shareholder return does. By accounting for the value of dividends paid, the TSR can be seen as a more complete measure of the value a company brings to its shareholders. Over the last 3 years, TAG Immobilien generated a TSR of -41%, which is, of course, better than the share price return. Although the company had to cut dividends, it has paid cash to shareholders in the past. A Different Perspective While the broader market gained around 20% in the last year, TAG Immobilien shareholders lost 1.1%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, longer term shareholders are suffering worse, given the loss of 1.3% doled out over the last five years. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 1 warning sign for TAG Immobilien that you should be aware of before investing here. Story Continues If you like to buy stocks alongside management, then you might just love this freelist of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 29.12.24 06:35:21 | With 72% institutional ownership, TAG Immobilien AG (ETR:TEG) is a favorite amongst the big guns | |
| Key Insights Institutions' substantial holdings in TAG Immobilien implies that they have significant influence over the company's share price 52% of the business is held by the top 14 shareholders Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company If you want to know who really controls TAG Immobilien AG (ETR:TEG), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 72% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's take a closer look to see what the different types of shareholders can tell us about TAG Immobilien. View our latest analysis for TAG Immobilien XTRA:TEG Ownership Breakdown December 29th 2024 What Does The Institutional Ownership Tell Us About TAG Immobilien? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in TAG Immobilien. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of TAG Immobilien, (below). Of course, keep in mind that there are other factors to consider, too.XTRA:TEG Earnings and Revenue Growth December 29th 2024 Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. TAG Immobilien is not owned by hedge funds. BlackRock, Inc. is currently the largest shareholder, with 5.6% of shares outstanding. With 5.0% and 4.9% of the shares outstanding respectively, Resolution Capital Limited and BayernInvest Kapitalverwaltungsgesellschaft mbH are the second and third largest shareholders. A closer look at our ownership figures suggests that the top 14 shareholders have a combined ownership of 52% implying that no single shareholder has a majority. Story Continues While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. Insider Ownership Of TAG Immobilien While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our data cannot confirm that board members are holding shares personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid. General Public Ownership The general public, who are usually individual investors, hold a 23% stake in TAG Immobilien. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example - TAG Immobilien has 1 warning sign we think you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 30.09.24 06:26:17 | Investing in TAG Immobilien (ETR:TEG) a year ago would have delivered you a 68% gain |  |
| These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can significantly boost your returns by picking above-average stocks. To wit, the TAG Immobilien AG (ETR:TEG) share price is 68% higher than it was a year ago, much better than the market return of around 13% (not including dividends) in the same period. So that should have shareholders smiling. Zooming out, the stock is actually down 34% in the last three years. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. See our latest analysis for TAG Immobilien While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During the last year TAG Immobilien grew its earnings per share (EPS) by 78%. Though we do note extraordinary items affected the bottom line. We note that the earnings per share growth isn't far from the share price growth (of 68%). That suggests that the market sentiment around the company hasn't changed much over that time. It makes intuitive sense that the share price and EPS would grow at similar rates. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). earnings-per-share-growth It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. A Different Perspective It's good to see that TAG Immobilien has rewarded shareholders with a total shareholder return of 68% in the last twelve months. Notably the five-year annualised TSR loss of 1.5% per year compares very unfavourably with the recent share price performance. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. It's always interesting to track share price performance over the longer term. But to understand TAG Immobilien better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with TAG Immobilien , and understanding them should be part of your investment process. Story continues But note: TAG Immobilien may not be the best stock to buy. So take a peek at this freelist of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View comments |
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| 19.08.24 05:00:39 | TAG Immobilien Second Quarter 2024 Earnings: €0.34 loss per share (vs €1.93 loss in 2Q 2023) | |
| TAG Immobilien (ETR:TEG) Second Quarter 2024 Results Key Financial Results Revenue: €225.8m (down 9.6% from 2Q 2023). Net loss: €57.6m (loss narrowed by 83% from 2Q 2023). €0.34 loss per share (improved from €1.93 loss in 2Q 2023). earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month (TTM) period TAG Immobilien Earnings Insights Looking ahead, revenue is expected to fall by 38% p.a. on average during the next 3 years compared to a 16% decline forecast for the Real Estate industry in Germany. Performance of the German Real Estate industry. The company's shares are up 1.3% from a week ago. Risk Analysis What about risks? Every company has them, and we've spotted 1 warning sign for TAG Immobilien you should know about. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View comments |
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| 02.08.24 05:39:56 | Why TAG Immobilien AG (ETR:TEG) Could Be Worth Watching | |
| TAG Immobilien AG (ETR:TEG), is not the largest company out there, but it saw a double-digit share price rise of over 10% in the past couple of months on the XTRA. The company is inching closer to its yearly highs following the recent share price climb. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s take a look at TAG Immobilien’s outlook and value based on the most recent financial data to see if the opportunity still exists. See our latest analysis for TAG Immobilien What Is TAG Immobilien Worth? The stock is currently trading at €14.23 on the share market, which means it is overvalued by 39% compared to our intrinsic value of €10.24. This means that the buying opportunity has probably disappeared for now. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since TAG Immobilien’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. What does the future of TAG Immobilien look like? earnings-and-revenue-growth Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Though in the case of TAG Immobilien, it is expected to deliver a highly negative revenue growth over the next few years, which doesn’t help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term. What This Means For You Are you a shareholder? If you believe TEG should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. Given the uncertainty from negative growth in the future, this could be the right time to de-risk your portfolio. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you’ve been keeping an eye on TEG for a while, now may not be the best time to enter into the stock. The company’s price climbed passed its true value, in addition to a risky future outlook. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Should the price fall in the future, will you be well-informed enough to buy? Story continues Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. At Simply Wall St, we found 1 warning sign for TAG Immobilien and we think they deserve your attention. If you are no longer interested in TAG Immobilien, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com View comments |
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| 01.07.24 04:33:33 | Institutional investors have a lot riding on TAG Immobilien AG (ETR:TEG) with 78% ownership | |
| Key Insights Given the large stake in the stock by institutions, TAG Immobilien's stock price might be vulnerable to their trading decisions The top 15 shareholders own 52% of the company Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business To get a sense of who is truly in control of TAG Immobilien AG (ETR:TEG), it is important to understand the ownership structure of the business. We can see that institutions own the lion's share in the company with 78% ownership. Put another way, the group faces the maximum upside potential (or downside risk). And things are looking up for institutional investors after the company gained €118m in market cap last week. One-year return to shareholders is currently 58% and last week’s gain was the icing on the cake. In the chart below, we zoom in on the different ownership groups of TAG Immobilien. See our latest analysis for TAG Immobilien ownership-breakdown What Does The Institutional Ownership Tell Us About TAG Immobilien? Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that TAG Immobilien does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at TAG Immobilien's earnings history below. Of course, the future is what really matters. earnings-and-revenue-growth Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. TAG Immobilien is not owned by hedge funds. The company's largest shareholder is BlackRock, Inc., with ownership of 6.2%. BayernInvest Kapitalverwaltungsgesellschaft mbH is the second largest shareholder owning 4.9% of common stock, and Versorgungsanstalt Des Bundes Und Der Länder holds about 4.7% of the company stock. After doing some more digging, we found that the top 15 have the combined ownership of 52% in the company, suggesting that no single shareholder has significant control over the company. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. Story continues Insider Ownership Of TAG Immobilien The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our data cannot confirm that board members are holding shares personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid. General Public Ownership The general public-- including retail investors -- own 14% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Private Company Ownership It seems that Private Companies own 4.7%, of the TAG Immobilien stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 1 warning sign for TAG Immobilien you should be aware of. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this freereport on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com View comments |
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| 06.03.24 08:26:46 | Is TAG Immobilien AG (ETR:TEG) Expensive For A Reason? A Look At Its Intrinsic Value | |
| Key Insights The projected fair value for TAG Immobilien is €8.49 based on Dividend Discount Model TAG Immobilien is estimated to be 33% overvalued based on current share price of €11.27 The €12.41 analyst price target for TEG is 46% more than our estimate of fair value In this article we are going to estimate the intrinsic value of TAG Immobilien AG (ETR:TEG) by estimating the company's future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. See our latest analysis for TAG Immobilien The Method As TAG Immobilien operates in the real estate sector, we need to calculate the intrinsic value slightly differently. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. Unless a company pays out the majority of its FCF as a dividend, this method will typically underestimate the value of the stock. We use the Gordon Growth Model, which assumes dividend will grow into perpetuity at a rate that can be sustained. For a number of reasons a very conservative growth rate is used that cannot exceed that of a company's Gross Domestic Product (GDP). In this case we used the 5-year average of the 10-year government bond yield (0.6%). The expected dividend per share is then discounted to today's value at a cost of equity of 6.7%. Compared to the current share price of €11.3, the company appears reasonably expensive at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. Story continues Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = €0.5 / (6.7% – 0.6%) = €8.5 dcf The Assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at TAG Immobilien as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.7%, which is based on a levered beta of 1.331. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. SWOT Analysis for TAG Immobilien Strength Debt is well covered by earnings. Weakness Expensive based on P/S ratio and estimated fair value. Opportunity Forecast to reduce losses next year. Has sufficient cash runway for more than 3 years based on current free cash flows. Threat Debt is not well covered by operating cash flow. Revenue is forecast to decrease over the next 2 years. Looking Ahead: Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price exceeding the intrinsic value? For TAG Immobilien, there are three relevant elements you should further examine: Risks: We feel that you should assess the 1 warning sign for TAG Immobilien we've flagged before making an investment in the company. Future Earnings: How does TEG's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the XTRA every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. |
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| 08.02.24 04:42:22 | When Should You Buy TAG Immobilien AG (ETR:TEG)? | |
| TAG Immobilien AG (ETR:TEG), is not the largest company out there, but it saw a double-digit share price rise of over 10% in the past couple of months on the XTRA. While good news for shareholders, the company has traded much higher in the past year. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s take a look at TAG Immobilien’s outlook and value based on the most recent financial data to see if the opportunity still exists. Check out our latest analysis for TAG Immobilien Is TAG Immobilien Still Cheap? According to our valuation model, the stock is currently overvalued by about 40%, trading at €11.71 compared to our intrinsic value of €8.36. This means that the opportunity to buy TAG Immobilien at a good price has disappeared! Another thing to keep in mind is that TAG Immobilien’s share price is quite stable relative to the market, as indicated by its low beta. This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. What kind of growth will TAG Immobilien generate? earnings-and-revenue-growth Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. In the upcoming year, TAG Immobilien's earnings are expected to increase by 86%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. What This Means For You Are you a shareholder? TEG’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. However, this brings up another question – is now the right time to sell? If you believe TEG should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Story continues Are you a potential investor? If you’ve been keeping tabs on TEG for some time, now may not be the best time to enter into the stock. The price has surpassed its true value, which means there’s no upside from mispricing. However, the optimistic prospect is encouraging for TEG, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop. So while earnings quality is important, it's equally important to consider the risks facing TAG Immobilien at this point in time. Case in point: We've spotted 1 warning sign for TAG Immobilien you should be aware of. If you are no longer interested in TAG Immobilien, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. |
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| 14.11.23 16:36:31 | TAG/German residential: valuations pile pressure on oversized balance sheets | |
| Following a boom, higher interest rates have triggered a bust. An update from apartment owner TAG Immobilien on Tuesday offered a lens into the travails of landlords and their shareholders. Landlords must tighten their belts with lower outgoings and sell properties to pay down debts as valuations fall. Continue reading |
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