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Grounds Real Estate Development

DB:AMMN
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AMMN
DB
€22M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

The Grounds Real Estate Development AG engages in the acquisition, development, and management of residential properties in Germany. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
  • Grounds Real Estate Development has significant price volatility in the past 3 months.
AMMN Share Price and Events
7 Day Returns
0%
DB:AMMN
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
-23%
DB:AMMN
2.9%
DE Consumer Durables
8.8%
DE Market
AMMN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grounds Real Estate Development (AMMN) 0% -7.7% -12.7% -23% - -
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • AMMN underperformed the Consumer Durables industry which returned 2.9% over the past year.
  • AMMN underperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
AMMN
Industry
5yr Volatility vs Market

AMMN Value

 Is Grounds Real Estate Development undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Grounds Real Estate Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Grounds Real Estate Development.

DB:AMMN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AMMN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 30%) (91.4%))
1.225
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.225 * 5.96%)
7.53%

Discounted Cash Flow Calculation for DB:AMMN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Grounds Real Estate Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AMMN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.53%)
2020 7.44 Est @ 3.12% 6.92
2021 7.61 Est @ 2.25% 6.58
2022 7.73 Est @ 1.64% 6.22
2023 7.83 Est @ 1.22% 5.86
2024 7.90 Est @ 0.92% 5.50
2025 7.96 Est @ 0.71% 5.15
2026 8.00 Est @ 0.57% 4.81
2027 8.04 Est @ 0.47% 4.50
2028 8.07 Est @ 0.39% 4.20
2029 8.10 Est @ 0.34% 3.92
Present value of next 10 years cash flows €53.00
DB:AMMN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €8.10 × (1 + 0.23%) ÷ (7.53% – 0.23%)
€111.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €111.20 ÷ (1 + 7.53%)10
€53.81
DB:AMMN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €53.00 + €53.81
€106.81
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €106.81 / 15.11
€7.07
DB:AMMN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AMMN represents 0.99311x of XTRA:AMMN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99311x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 7.07 x 0.99311
€7.02
Value per share (EUR) From above. €7.02
Current discount Discount to share price of €1.44
= -1 x (€1.44 - €7.02) / €7.02
79.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Grounds Real Estate Development is available for.
Intrinsic value
>50%
Share price is €1.44 vs Future cash flow value of €7.02
Current Discount Checks
For Grounds Real Estate Development to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Grounds Real Estate Development's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Grounds Real Estate Development's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Grounds Real Estate Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grounds Real Estate Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AMMN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.22
XTRA:AMMN Share Price ** XTRA (2019-11-14) in EUR €1.45
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Grounds Real Estate Development.

DB:AMMN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:AMMN Share Price ÷ EPS (both in EUR)

= 1.45 ÷ 0.22

6.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grounds Real Estate Development is good value based on earnings compared to the DE Consumer Durables industry average.
  • Grounds Real Estate Development is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Grounds Real Estate Development's expected growth come at a high price?
Raw Data
DB:AMMN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.3%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Grounds Real Estate Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Grounds Real Estate Development's assets?
Raw Data
DB:AMMN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.69
XTRA:AMMN Share Price * XTRA (2019-11-14) in EUR €1.45
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:AMMN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:AMMN Share Price ÷ Book Value per Share (both in EUR)

= 1.45 ÷ 0.69

2.1x

* Primary Listing of Grounds Real Estate Development.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grounds Real Estate Development is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Grounds Real Estate Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Grounds Real Estate Development has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AMMN Future Performance

 How is Grounds Real Estate Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Grounds Real Estate Development, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grounds Real Estate Development expected to grow at an attractive rate?
  • Grounds Real Estate Development's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Grounds Real Estate Development's earnings growth is positive but not above the Germany market average.
  • Unable to compare Grounds Real Estate Development's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:AMMN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AMMN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.3%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AMMN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AMMN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:AMMN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 23 7 3
2019-03-31 27 -2 3
2018-12-31 31 -11 4
2018-09-30 25 -17 2
2018-06-30 18 -23 1
2018-03-31 18 -19 1
2017-12-31 19 -16 1
2017-09-30 14 1
2017-06-30 10 0
2017-03-31 5 0
2016-12-31 0
2016-09-30 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Grounds Real Estate Development's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Grounds Real Estate Development is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AMMN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Grounds Real Estate Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AMMN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:AMMN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.22
2019-03-31 0.23
2018-12-31 0.23
2018-09-30 0.14
2018-06-30 0.06
2018-03-31 0.07
2017-12-31 0.08
2017-09-30 0.06
2017-06-30 0.04
2017-03-31 0.02
2016-12-31
2016-09-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Grounds Real Estate Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Grounds Real Estate Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Grounds Real Estate Development has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AMMN Past Performance

  How has Grounds Real Estate Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Grounds Real Estate Development's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Grounds Real Estate Development has delivered over 20% year on year earnings growth in the past 5 years.
  • Grounds Real Estate Development's 1-year earnings growth exceeds its 5-year average (179.1% vs 93%)
  • Grounds Real Estate Development's earnings growth has exceeded the DE Consumer Durables industry average in the past year (179.1% vs -21.1%).
Earnings and Revenue History
Grounds Real Estate Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Grounds Real Estate Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AMMN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 22.89 2.99 0.47
2019-03-31 27.00 3.26 0.51
2018-12-31 31.10 3.52 0.54
2018-09-30 24.53 2.29 0.46
2018-06-30 17.95 1.07 0.37
2018-03-31 18.45 1.13 0.22
2017-12-31 18.94 1.19 0.07
2017-09-30 14.42 0.83 0.04
2017-06-30 9.89 0.48 0.00
2017-03-31 4.95 0.24 0.00
2016-12-31 -0.01
2016-09-30 0.11 -0.08
2016-06-30 0.21 -0.16
2016-03-31 0.21 -0.16
2015-12-31 0.21 -0.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Grounds Real Estate Development has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Grounds Real Estate Development used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Unable to establish if Grounds Real Estate Development improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Grounds Real Estate Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Grounds Real Estate Development has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AMMN Health

 How is Grounds Real Estate Development's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Grounds Real Estate Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grounds Real Estate Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grounds Real Estate Development's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Grounds Real Estate Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Grounds Real Estate Development Company Filings, last reported 4 months ago.

DB:AMMN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 11.88 20.02 1.53
2019-03-31 11.88 20.02 1.53
2018-12-31 12.56 33.91 2.41
2018-09-30 12.56 33.91 2.41
2018-06-30 8.78 28.82 5.55
2018-03-31 8.78 28.82 5.55
2017-12-31 7.44 16.12 2.47
2017-09-30 7.44 16.12 2.47
2017-06-30 2.68 6.41 1.80
2017-03-31 2.68 6.41 1.80
2016-12-31 0.21 0.00
2016-09-30 0.21 0.00
2016-06-30 0.22 0.00
2016-03-31 0.22 0.00
2015-12-31 0.22 0.00
  • Grounds Real Estate Development's level of debt (168.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Grounds Real Estate Development's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (36.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Grounds Real Estate Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Grounds Real Estate Development has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AMMN Dividends

 What is Grounds Real Estate Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Grounds Real Estate Development dividends.
If you bought €2,000 of Grounds Real Estate Development shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Grounds Real Estate Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Grounds Real Estate Development's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AMMN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AMMN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Grounds Real Estate Development has not reported any payouts.
  • Unable to verify if Grounds Real Estate Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Grounds Real Estate Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Grounds Real Estate Development has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Grounds Real Estate Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Grounds Real Estate Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grounds Real Estate Development has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AMMN Management

 What is the CEO of Grounds Real Estate Development's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Prax
CEO Bio

Mr. Thomas Prax, BA is Chairman of the Management Board at The Grounds Real Estate Development AG and also serves as its Managing Director since July 30, 2018. He has been Chief Financial Officer in the Red Rock Group since July 2017. Mr. Prax has extensive knowledge of the sector as a result of various senior management positions held in the real estate sector since 2006, inter alia as Finance Director Europe of Heitman Germany (former Grainger Deutschland). Previously Mr. Prax worked in auditing in major companies such as Deloitte or PWC.

CEO Compensation
  • Insufficient data for Thomas to compare compensation growth.
  • Insufficient data for Thomas to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Thomas Prax

TITLE
MD & Chairman of the Management Board
Board of Directors Tenure

Average tenure of the Grounds Real Estate Development board of directors in years:

0.3
Average Tenure
  • The average tenure for the Grounds Real Estate Development board of directors is less than 3 years, this suggests a new board.
Board of Directors

Winfried Schwatlo

TITLE
Chairman of the Supervisory Board
TENURE
0.3 yrs

Sönke Schwartz

TITLE
Supervisory Board Vice-Chairman
TENURE
0.3 yrs

Andreas Ingendoh

TITLE
Member of the Supervisory Board
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Grounds Real Estate Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Grounds Real Estate Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AMMN News

Simply Wall St News

AMMN Company Info

Description

The Grounds Real Estate Development AG engages in the acquisition, development, and management of residential properties in Germany. It engages in the trading and long-term ownership of commercial and residential properties in Germany. The company was founded in 2014 and is based in Berlin, Germany. As of July 12, 2018, The Grounds Real Estate Development AG operates as a subsidiary of Red Rock Wealth Management Ltd.

Details
Name: The Grounds Real Estate Development AG
AMMN
Exchange: DB
Founded: 2014
€21,902,999
15,105,517
Website: http://www.thegroundsag.com
Address: The Grounds Real Estate Development AG
Leipziger Platz 3,
Berlin,
Berlin, 10117,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA AMMN Share Capital XETRA Trading Platform DE EUR 31. Oct 2017
DB AMMN Share Capital Deutsche Boerse AG DE EUR 31. Oct 2017
Number of employees
Current staff
Staff numbers
9
Grounds Real Estate Development employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 22:13
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2018/05/07
Last earnings filing: 2019/09/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.