ALSTRIA OFFICE REIT-AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.49 EUR | +1.45% |
|
0.00% | -4.64% |
| Mar. 11 | Transcript : Alstria office REIT-AG, 2023 Earnings Call, Mar 11, 2024 | |
| Mar. 11 | ALSTRIA OFFICE : Berenberg reiterates its Neutral rating | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,975 | 2,628 | 3,472 | 1,391 | 653.5 | 623.2 | - | - |
| Enterprise Value (EV) 1 | 4,388 | 3,865 | 4,875 | 3,424 | 653.5 | 1,911 | 1,911 | 1,911 |
| P/E ratio | 5.12 x | 15.6 x | 16.6 x | -18.6 x | -1 x | -31.4 x | 9.35 x | - |
| Yield | - | 3.58% | 2.71% | 0.77% | - | 1.72% | 1.72% | - |
| Capitalization / Revenue | 15.9 x | 14.8 x | 18.9 x | 7.61 x | 3.4 x | 3.16 x | 3.12 x | - |
| EV / Revenue | 23.4 x | 21.8 x | 26.5 x | 18.7 x | 3.4 x | 9.7 x | 9.56 x | - |
| EV / EBITDA | 28.5 x | 27.7 x | 38.3 x | 25.2 x | 3.95 x | 14.3 x | 13.8 x | - |
| EV / FCF | 45,667,463 x | 51,635,510 x | -69,737,256 x | - | - | - | - | - |
| FCF Yield | 0% | 0% | -0% | - | - | - | - | - |
| Price to Book | 0.94 x | 0.81 x | 1.03 x | 0.54 x | - | 0.4 x | 0.4 x | 0.38 x |
| Nbr of stocks (in thousands) | 177,593 | 177,593 | 177,793 | 178,291 | 178,562 | 178,562 | - | - |
| Reference price 2 | 16.75 | 14.80 | 19.53 | 7.800 | 3.660 | 3.490 | 3.490 | 3.490 |
| Announcement Date | 2/26/20 | 2/25/21 | 3/1/22 | 2/28/23 | 3/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 187.5 | 177.1 | 183.7 | 182.8 | 192 | 197 | 200 | - |
| EBITDA 1 | 154.2 | 139.7 | 127.4 | 135.7 | 165.5 | 134 | 138.9 | - |
| EBIT 1 | 135.9 | 130.3 | 126.5 | 134.7 | 164.1 | 136 | 137 | 142 |
| Operating Margin | 72.48% | 73.58% | 68.86% | 73.7% | 85.46% | 69.04% | 68.5% | - |
| Earnings before Tax (EBT) 1 | 580.4 | 168.3 | 210.3 | -74.5 | -653.6 | -19.7 | 76.75 | - |
| Net income 1 | 581.2 | 168.5 | 209.7 | -74.61 | -653.4 | -19.8 | 66.2 | - |
| Net margin | 310.04% | 95.16% | 114.14% | -40.81% | -340.25% | -10.05% | 33.1% | - |
| EPS 2 | 3.270 | 0.9500 | 1.180 | -0.4200 | -3.660 | -0.1112 | 0.3732 | - |
| Free Cash Flow | 96.09 | 74.86 | -69.91 | - | - | - | - | - |
| FCF margin | 51.26% | 42.28% | -38.06% | - | - | - | - | - |
| FCF Conversion (EBITDA) | 62.33% | 53.58% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 16.53% | 44.43% | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.5300 | 0.5300 | 0.0600 | - | 0.0600 | 0.0600 | - |
| Announcement Date | 2/26/20 | 2/25/21 | 3/1/22 | 2/28/23 | 3/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2023 Q3 |
|---|---|---|---|---|---|
| Net sales | 87.22 | 45.93 | 47.77 | 39.95 | - |
| EBITDA | 70.44 | - | - | - | - |
| EBIT | - | 35.75 | 22.76 | - | - |
| Operating Margin | - | 77.84% | 47.63% | - | - |
| Earnings before Tax (EBT) 1 | -33.1 | 28.24 | - | - | -33.87 |
| Net income 1 | -33.25 | 28.33 | - | - | -33.85 |
| Net margin | -38.13% | 61.69% | - | - | - |
| EPS | -0.1900 | 0.1600 | - | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 8/11/20 | 11/3/21 | 3/1/22 | 5/5/22 | 11/7/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,413 | 1,237 | 1,403 | 2,033 | - | 1,288 | 1,288 | 1,288 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 9.169 x | 8.853 x | 11.01 x | 14.99 x | - | 9.612 x | 9.273 x | - |
| Free Cash Flow | 96.1 | 74.9 | -69.9 | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 4.32% | 5.16% | 6.34% | -2.51% | - | - | - | - |
| ROA (Net income/ Total Assets) | 12.6% | 3.29% | 4.06% | - | - | - | - | - |
| Assets 1 | 4,605 | 5,118 | 5,162 | - | - | - | - | - |
| Book Value Per Share 2 | 17.90 | 18.30 | 18.90 | 14.40 | - | 8.690 | 8.760 | 9.120 |
| Cash Flow per Share | 0.6900 | 0.5800 | - | - | - | - | - | - |
| Capex | 25.6 | 28.4 | 186 | - | - | - | - | - |
| Capex / Sales | 13.66% | 16.02% | 101.44% | - | - | - | - | - |
| Announcement Date | 2/26/20 | 2/25/21 | 3/1/22 | 2/28/23 | 3/1/24 | - | - | - |
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
A
Sell
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
3.49
EUR
Average target price
5.55
EUR
Spread / Average Target
+59.03%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.64% | 665M | |
| -12.34% | 9.66B | |
| -1.80% | 6.48B | |
| -8.33% | 4.93B | |
| -8.05% | 4.85B | |
| +11.51% | 4.11B | |
| -4.73% | 4.02B | |
| -16.82% | 3.89B | |
| +12.04% | 3.28B | |
| -15.11% | 3.16B |
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- Financials alstria office REIT-AG
