XETRBRNK
Market cap130mUSD
Apr 23, Last price
1.50EUR
Name
DIC Asset AG
Chart & Performance
Profile
DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate. With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has 169 assets with a combined market value of c. EUR 5.6 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues. In its Commercial Portfolio division (EUR 1.7 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.6 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 2.3 billion in assets under management) are strategic financial investments, the management of properties in which the company holds no equity stakes, equity investments in property developments and joint venture investments. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.
Valuation
Title EUR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 272,012 31.26% | 207,225 57.46% | 131,601 7.14% | |||||||
Cost of revenue | 74,779 | 84,394 | 55,054 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 197,233 | 122,831 | 76,547 | |||||||
NOPBT Margin | 72.51% | 59.27% | 58.17% | |||||||
Operating Taxes | (13,634) | 17,053 | 14,051 | |||||||
Tax Rate | 13.88% | 18.36% | ||||||||
NOPAT | 210,867 | 105,778 | 62,496 | |||||||
Net income | (65,960) -253.90% | 42,858 -25.84% | 57,795 -17.45% | |||||||
Dividends | (59,642) | (43,477) | (37,363) | |||||||
Dividend yield | 21.15% | 6.90% | 2.98% | |||||||
Proceeds from repurchase of equity | ||||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 623,380 | 404,803 | 297,991 | |||||||
Long-term debt | 2,370,298 | 2,702,294 | 1,881,483 | |||||||
Deferred revenue | 4,000 | 4,551 | ||||||||
Other long-term liabilities | 3,070 | (808) | (4,546) | |||||||
Net debt | 2,835,036 | 2,728,913 | 1,425,826 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 97,053 | 158,857 | 43,395 | |||||||
CAPEX | (145) | (52,752) | (17,344) | |||||||
Cash from investing activities | 306,205 | (700,323) | (567,106) | |||||||
Cash from financing activities | (246,112) | 86,944 | 696,006 | |||||||
FCF | 233,562 | (23,107) | (173,657) | |||||||
Balance | ||||||||||
Cash | 158,642 | 180,483 | 545,361 | |||||||
Long term investments | 197,701 | 208,287 | ||||||||
Excess cash | 145,041 | 367,823 | 747,068 | |||||||
Stockholders' equity | 619,725 | 1,753,589 | 1,209,424 | |||||||
Invested Capital | 4,349,527 | 4,357,634 | 2,533,485 | |||||||
ROIC | 4.84% | 3.07% | 2.67% | |||||||
ROCE | 4.19% | 2.47% | 2.30% | |||||||
EV | ||||||||||
Common stock shares outstanding | 83,427 | 82,689 | 81,504 | |||||||
Price | 3.38 -55.64% | 7.62 -50.42% | 15.37 14.19% | |||||||
Market cap | 281,984 -55.25% | 630,094 -49.70% | 1,252,724 17.19% | |||||||
EV | 3,599,418 | 3,919,568 | 2,683,582 | |||||||
EBITDA | 353,257 | 196,714 | 119,533 | |||||||
EV/EBITDA | 10.19 | 19.93 | 22.45 | |||||||
Interest | 110,694 | 71,217 | 59,257 | |||||||
Interest/NOPBT | 56.12% | 57.98% | 77.41% |