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Coreo

DB:CORE
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CORE
DB
€20M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Coreo AG, formerly known as Nanostart AG, is a real estate investment arm of BF Holding GmbH. The last earnings update was 198 days ago. More info.


Add to Portfolio Compare Print
  • Coreo is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Coreo has significant price volatility in the past 3 months.
CORE Share Price and Events
7 Day Returns
0%
DB:CORE
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-34.5%
DB:CORE
-6.9%
DE Capital Markets
-17.2%
DE Market
CORE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coreo (CORE) 0% -19.4% -26.3% -34.5% -15.3% -43.6%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • CORE underperformed the Capital Markets industry which returned -6.9% over the past year.
  • CORE underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
CORE
Industry
5yr Volatility vs Market

Value

 Is Coreo 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 Coreo 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 Coreo.

DB:CORE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €1.84 * 6.3%
€0.12
Book Value of Equity per Share Median Book Value from the past 5 years. €1.84
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:CORE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 30%) (174.01%))
1.449
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.449 * 5.44%)
7.49%

Discounted Cash Flow Calculation for DB:CORE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Coreo is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:CORE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.3% – 7.49%) * €1.84)
€-0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.02 / (7.49% - -0.39%)
€-0.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €1.84 + €-0.28
€1.56
DB:CORE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CORE represents 0.88189x of XTRA:CORE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88189x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 1.56 x 0.88189
€1.37
Value per share (EUR) From above. €1.37
Current discount Discount to share price of €1.12
= -1 x (€1.12 - €1.37) / €1.37
18.5%

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

Current Discount
Amount off the current price Coreo is available for.
Intrinsic value
19%
Share price is €1.12 vs Future cash flow value of €1.37
Current Discount Checks
For Coreo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Coreo's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Coreo's share price is below the future cash flow value, but not 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 Coreo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coreo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CORE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.06
XTRA:CORE Share Price ** XTRA (2020-04-01) in EUR €1.27
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of Coreo.

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

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

= 1.27 ÷ 0.06

23.01x

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

  • Coreo is overvalued based on earnings compared to the DE Capital Markets industry average.
  • Coreo is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Coreo's expected growth come at a high price?
Raw Data
DB:CORE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
65.9%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:CORE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.01x ÷ 65.9%

0.35x

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

  • Coreo is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Coreo's assets?
Raw Data
DB:CORE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €1.84
XTRA:CORE Share Price * XTRA (2020-04-01) in EUR €1.27
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:CORE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.27 ÷ 1.84

0.69x

* Primary Listing of Coreo.

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

  • Coreo is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Coreo'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Coreo has a total score of 2/6, 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.

Future Performance

 How is Coreo expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
65.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coreo expected to grow at an attractive rate?
  • Coreo's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Coreo's earnings growth is expected to exceed the Germany market average.
  • Coreo's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CORE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CORE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 65.9%
DB:CORE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.1%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:CORE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CORE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 10 11 1
2020-12-31 7 8 1
2020-04-02
2019-12-31 3 4 1
DB:CORE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 11 -5 1
2019-03-31 10 -8 1
2018-12-31 9 -11 2
2018-09-30 5 -7 2
2018-06-30 0 -6 2
2018-03-31 0 -3 2
2017-12-31 0 -1 3
2017-09-30 1 -1
2017-06-30 1 -5
2017-03-31 0 -6
2017-01-01 -1 -7
2016-09-30 0 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coreo's earnings are expected to grow significantly at over 20% yearly.
  • Coreo's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
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:CORE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Coreo Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CORE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.70 0.70 0.70 1.00
2020-12-31 0.47 0.47 0.47 1.00
2020-04-02
2019-12-31 0.25 0.25 0.25 1.00
DB:CORE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.06
2019-03-31 0.08
2018-12-31 0.10
2018-09-30 0.13
2018-06-30 0.17
2018-03-31 0.25
2017-12-31 0.33
2017-09-30 -0.08
2017-06-30 -0.49
2017-03-31 -0.63
2017-01-01 -0.78
2016-09-30 -0.74

*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 Coreo will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Coreo'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.
Coreo has a total score of 4/6, 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.

Past Performance

  How has Coreo performed over the past 5 years?

  • Coreo's last earnings update was 198 days ago.
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 Coreo's growth in the last year to its industry (Capital Markets).
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.
  • Coreo has delivered over 20% year on year earnings growth in the past 5 years.
  • Coreo's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Coreo's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Coreo'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 Coreo Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CORE 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 10.87 1.06 0.86
2019-03-31 9.88 1.34 0.83
2018-12-31 8.89 1.63 0.81
2018-09-30 4.79 1.63 0.68
2018-06-30 0.25 1.58 0.56
2018-03-31 0.36 2.33 0.49
2017-12-31 0.48 3.08 0.43
2017-09-30 0.65 -0.74 0.36
2017-06-30 0.82 -4.57 0.36
2017-03-31 0.41 -5.92 0.36
2017-01-01 -7.27 0.30
2016-09-30 0.00 -6.95 0.21
2016-06-30 0.00 -6.63 0.35
2016-03-31 0.00 -6.09 0.34
2015-12-31 0.00 -5.55 0.21
2015-09-30 0.00 -7.69 0.42
2015-06-30 0.01 -9.83 0.48
2015-03-31 0.00 -9.35 0.46
2014-12-31 0.00 -8.88 0.44
2014-09-30 0.00 -4.34 0.52
2014-06-30 1.51 0.19 0.32
2014-03-31 1.51 0.26 0.44
2013-12-31 0.34 0.84
2013-09-30 -0.93 -1.24 0.78
2013-06-30 -1.86 -2.82 0.73

*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.
  • Coreo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Coreo used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Coreo has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Coreo'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 Capital Markets 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.
Coreo has a total score of 3/6, 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.

Health

 How is Coreo'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 Coreo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coreo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Coreo's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Coreo'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x 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 Coreo Company Filings, last reported 9 months ago.

DB:CORE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 29.42 35.24 16.05
2019-03-31 29.42 35.24 16.05
2018-12-31 30.24 35.32 14.03
2018-09-30 30.24 35.32 14.03
2018-06-30 15.93 0.00 0.77
2018-03-31 15.93 0.00 0.77
2017-12-31 19.42 7.46 4.86
2017-09-30 19.42 7.46 4.86
2017-06-30 15.70 0.00 3.96
2017-03-31 15.70 0.00 3.96
2017-01-01 15.27 0.00 4.78
2016-09-30 15.27 0.00 4.78
2016-06-30 17.15 0.00 0.28
2016-03-31 17.15 0.00 0.28
2015-12-31 19.41 0.00 1.18
2015-09-30 19.41 0.00 1.18
2015-06-30 23.78 0.00 0.32
2015-03-31 23.78 0.00 0.32
2014-12-31 24.96 0.00 0.29
2014-09-30 24.96 0.00 0.29
2014-06-30 33.61 0.00 0.58
2014-03-31 33.61 0.00 0.58
2013-12-31 33.84 0.00 0.07
2013-09-30 33.84 0.00 0.07
2013-06-30 33.42 1.02 0.07
  • Coreo's level of debt (119.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if Coreo's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 0.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Coreo'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. Coreo has a total score of 1/6, 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.

Dividends

 What is Coreo'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 Coreo dividends.
If you bought €2,000 of Coreo 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 Coreo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Coreo'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:CORE 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 1 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:CORE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-04-02
2019-12-31

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

  • Unable to perform a dividend volatility check as Coreo has not reported any payouts.
  • Unable to verify if Coreo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Coreo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Coreo 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 Coreo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Coreo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coreo 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.

Management

 What is the CEO of Coreo'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
Marin Marinov
AGE 53
CEO Bio

Mr. Marin N. Marinov serves as the Chief Executive Officer at Coreo AG and has been its Member of Management Board since May 15, 2016. He was in the real estate industry and held various management positions at DTZ, Vivico Real Estate, Hudson Advisors Germany and JLL over a period of more than 20 years. His responsibilities included activities relating to real estate investment and real estate asset management. During this period, Mr. Marinov was responsible for the acquisition, asset management and sale of real estate and real estate portfolios with a total volume of several billion euros. Mr. Marinov started his career at the Deutsche Bank AG Group and in the financial department at Andersen Consulting. He is a qualified engineer.

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

Marin Marinov

TITLE
CEO & Member of Management Board
AGE
53
Board of Directors

Stefan Schütze

TITLE
Chairman of Supervisory Board
AGE
46

Axel-Günter Benkner

TITLE
Vice Chairman of the Supervisory Board

Friedrich Schmitz

TITLE
Member of Supervisory Board
TENURE
3.9 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 Coreo'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. Coreo 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.

News

Simply Wall St News

Company Info

Description

Coreo AG, formerly known as Nanostart AG, is a real estate investment arm of BF Holding GmbH. It seeks to invest in real estate portfolio of selected office, retail and residential properties. It prefers to invest in Germany. It previously operated as a venture capital firm. Coreo AG was founded on December 12, 2003 and is based in Frankfurt am Main, Germany with an additional office in Frankfurt, Germany.

Details
Name: Coreo AG
CORE
Exchange: DB
Founded: 2003
€20,251,267
15,945,880
Website: http://www.coreo.de
Address: Coreo AG
Grüneburgweg 18,
Frankfurt am Main,
Hessen, 60322,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA CORE Common Shares XETRA Trading Platform DE EUR 06. Jun 2005
DB CORE Common Shares Deutsche Boerse AG DE EUR 06. Jun 2005
Number of employees
Current staff
Staff numbers
9
Coreo employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 01:14
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2019/11/21
Last earnings filing: 2019/09/17
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.