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Hasen-Immobilien

BST:ABHA
Snowflake Description

Acceptable track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABHA
BST
€121M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Hasen-Immobilien AG engages in the real estate business. The last earnings update was 78 days ago. More info.


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ABHA Share Price and Events
7 Day Returns
0%
BST:ABHA
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
27.9%
BST:ABHA
-1.1%
DE Real Estate
9.9%
DE Market
ABHA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hasen-Immobilien (ABHA) 0% 0% 9.6% 27.9% 59.5% 73.2%
DE Real Estate 0.9% -1.1% 4.1% -1.1% 39.2% 87.2%
DE Market 0% 4.4% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • ABHA outperformed the Real Estate industry which returned -1.1% over the past year.
  • ABHA outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
ABHA
Industry
5yr Volatility vs Market

ABHA Value

 Is Hasen-Immobilien 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 Hasen-Immobilien 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 Hasen-Immobilien.

BST:ABHA 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 8.2%
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 BST:ABHA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 30%) (60.36%))
1.332
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.332 * 5.96%)
8.16%

Discounted Cash Flow Calculation for BST:ABHA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hasen-Immobilien 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.

BST:ABHA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.16%)
2020 2.13 Est @ -20.12% 1.97
2021 1.83 Est @ -14.01% 1.56
2022 1.65 Est @ -9.74% 1.31
2023 1.54 Est @ -6.75% 1.13
2024 1.47 Est @ -4.66% 0.99
2025 1.42 Est @ -3.19% 0.89
2026 1.39 Est @ -2.17% 0.80
2027 1.37 Est @ -1.45% 0.73
2028 1.36 Est @ -0.94% 0.67
2029 1.35 Est @ -0.59% 0.62
Present value of next 10 years cash flows €10.00
BST:ABHA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1.35 × (1 + 0.23%) ÷ (8.16% – 0.23%)
€17.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €17.05 ÷ (1 + 8.16%)10
€7.78
BST:ABHA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €10.00 + €7.78
€17.78
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €17.78 / 0.48
€37.04
BST:ABHA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €37.04
Current discount Discount to share price of €252.00
= -1 x (€252.00 - €37.04) / €37.04
-580.3%

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

  • The current share price of Hasen-Immobilien is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Hasen-Immobilien's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hasen-Immobilien's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:ABHA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €19.63
BST:ABHA Share Price ** BST (2019-11-15) in EUR €252
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 19.5x

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

** Primary Listing of Hasen-Immobilien.

BST:ABHA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BST:ABHA Share Price ÷ EPS (both in EUR)

= 252 ÷ 19.63

12.84x

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

  • Hasen-Immobilien is overvalued based on earnings compared to the DE Real Estate industry average.
  • Hasen-Immobilien is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hasen-Immobilien's expected growth come at a high price?
Raw Data
BST:ABHA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.9%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.62x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.38x

*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 Hasen-Immobilien, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hasen-Immobilien's assets?
Raw Data
BST:ABHA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €241.77
BST:ABHA Share Price * BST (2019-11-15) in EUR €252
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.86x
BST:ABHA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BST:ABHA Share Price ÷ Book Value per Share (both in EUR)

= 252 ÷ 241.77

1.04x

* Primary Listing of Hasen-Immobilien.

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

  • Hasen-Immobilien is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Hasen-Immobilien'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Hasen-Immobilien 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.

ABHA Future Performance

 How is Hasen-Immobilien expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hasen-Immobilien, 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
14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hasen-Immobilien expected to grow at an attractive rate?
  • Hasen-Immobilien's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hasen-Immobilien's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Hasen-Immobilien's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:ABHA Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:ABHA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.9%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
BST:ABHA 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.
BST:ABHA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 9 3 9
2019-03-31 9 2 9
2018-12-31 8 2 9
2018-09-30 7 3 7
2018-06-30 6 4 4
2018-03-31 5 4 6
2017-12-31 4 4 8
2017-09-30 4 2 14
2017-06-30 4 -1 21
2017-03-31 4 0 17
2016-12-31 4 2 13
2016-09-30 4 -45 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hasen-Immobilien's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hasen-Immobilien 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
BST:ABHA 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 Hasen-Immobilien Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:ABHA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 19.63
2019-03-31 19.56
2018-12-31 19.49
2018-09-30 13.85
2018-06-30 8.21
2018-03-31 12.30
2017-12-31 16.40
2017-09-30 29.74
2017-06-30 43.07
2017-03-31 35.42
2016-12-31 27.76
2016-09-30 28.99

*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 Hasen-Immobilien will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hasen-Immobilien'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.
Hasen-Immobilien has a total score of 2/6, 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.

ABHA Past Performance

  How has Hasen-Immobilien 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 Hasen-Immobilien's growth in the last year to its industry (Real Estate).
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.
  • Hasen-Immobilien's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hasen-Immobilien's 1-year earnings growth exceeds its 5-year average (139.1% vs -12.1%)
  • Hasen-Immobilien's earnings growth has exceeded the DE Real Estate industry average in the past year (139.1% vs 6.7%).
Earnings and Revenue History
Hasen-Immobilien'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 Hasen-Immobilien Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:ABHA 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 9.17 9.42 0.29
2019-03-31 8.62 9.39 0.27
2018-12-31 8.08 9.35 0.26
2018-09-30 6.81 6.65 0.21
2018-06-30 5.54 3.94 0.16
2018-03-31 4.65 5.91 0.15
2017-12-31 3.76 7.87 0.15
2017-09-30 3.66 14.27 0.18
2017-06-30 3.56 20.68 0.20
2017-03-31 3.55 17.00 0.20
2016-12-31 3.54 13.33 0.20
2016-09-30 3.55 13.92 0.18
2016-06-30 3.57 14.51 0.16
2016-03-31 3.64 18.68 0.16
2015-12-31 3.70 22.84 0.15
2015-09-30 28.83 18.12 2.08
2015-06-30 53.95 13.40 4.00
2015-03-31 64.03 10.03 4.48
2014-12-31 74.12 6.66 4.96
2014-09-30 109.90 12.57 6.59
2014-06-30 145.68 18.48 8.21
2014-03-31 139.29 17.69 8.23
2013-12-31 132.89 16.90 8.25
2013-09-30 99.23 10.38 5.84
2013-06-30 65.56 3.86 3.43
2013-03-31 69.08 4.92 3.39
2012-12-31 72.61 5.98 3.36

*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.
  • Hasen-Immobilien has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hasen-Immobilien used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Hasen-Immobilien has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hasen-Immobilien'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 Real Estate 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.
Hasen-Immobilien 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.

ABHA Health

 How is Hasen-Immobilien'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 Hasen-Immobilien's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hasen-Immobilien's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hasen-Immobilien's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hasen-Immobilien'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 0.3x 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 Hasen-Immobilien Company Filings, last reported 4 months ago.

BST:ABHA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 116.05 73.01 17.99
2019-03-31 116.05 73.01 17.99
2018-12-31 114.39 67.20 22.68
2018-09-30 114.39 67.20 22.68
2018-06-30 107.11 81.22 11.59
2018-03-31 107.11 81.22 11.59
2017-12-31 105.52 80.53 11.38
2017-09-30 105.52 80.53 11.38
2017-06-30 103.65 12.66 42.63
2017-03-31 103.65 12.66 42.63
2016-12-31 98.13 12.93 42.85
2016-09-30 98.13 12.93 42.85
2016-06-30 83.93 13.23 34.60
2016-03-31 83.93 13.23 34.60
2015-12-31 85.76 13.47 31.26
2015-09-30 85.76 13.47 31.26
2015-06-30 70.38 13.72 31.62
2015-03-31 70.38 13.72 31.62
2014-12-31 67.40 127.25 60.55
2014-09-30 67.40 127.25 60.55
2014-06-30 59.51 89.70 64.85
2014-03-31 59.51 89.70 64.85
2013-12-31 62.88 104.71 98.19
2013-09-30 62.88 104.71 98.19
2013-06-30 41.00 96.97 103.00
2013-03-31 41.00 96.97 103.00
2012-12-31 43.29 96.77 88.55
  • Hasen-Immobilien's level of debt (62.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (151.2% vs 62.9% today).
  • Debt is not well covered by operating cash flow (4.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Hasen-Immobilien'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. Hasen-Immobilien has a total score of 2/6, 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.

ABHA Dividends

 What is Hasen-Immobilien'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
0.79%
Current annual income from Hasen-Immobilien dividends.
If you bought €2,000 of Hasen-Immobilien shares you are expected to receive €16 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?
  • Hasen-Immobilien's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Hasen-Immobilien's dividend is below the markets top 25% of dividend payers in Germany (3.66%).
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
BST:ABHA 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 Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
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.

BST:ABHA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-06-12 2.000 0.827
2018-06-27 1.000 0.488
2017-06-21 1.000 0.591
2016-06-27 2.000 1.259
2015-06-29 2.000 1.436
2014-06-26 0.950 0.635
2014-04-30 0.950 0.681
2013-06-27 0.950 0.912
2012-06-21 0.850 1.047
2011-06-10 0.850 1.401
2011-04-29 0.850 1.459
2010-06-15 0.420 0.716
2010-01-15 0.420 0.749
2009-01-02 0.400 0.577

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hasen-Immobilien's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.8x coverage).
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 Hasen-Immobilien'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 Hasen-Immobilien afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hasen-Immobilien has a total score of 2/6, see the detailed checks below.


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

ABHA Management

 What is the CEO of Hasen-Immobilien'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
Hans-Peter Bauer
COMPENSATION €193,282
CEO Bio

Mr. Hans-Peter Bauer serves as Chairman and Member of the Management Board at Hasen-Immobilien AG.

CEO Compensation
  • Hans-Peter's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Hans-Peter's remuneration is lower than average for companies of similar size in Germany.
Management Team

Hans-Peter Bauer

TITLE
Chairman of the Management Board
COMPENSATION
€193K
Board of Directors

Eberhard Schaub

TITLE
Chairman of the Supervisory Board

Willy Hoffmann

TITLE
Vice-Chairman of the Supervisory Board

Martin Leibhard

TITLE
Member of the Supervisory Board
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 (€)
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Management checks
We assess Hasen-Immobilien'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. Hasen-Immobilien 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.

ABHA News

Simply Wall St News

Only 2 Days Left To Cash In On Hasen-Immobilien AG (BST:ABHA) Dividend

As a result, readers should always check whether Hasen-Immobilien has been able to grow its dividends, or if the dividend might be cut. … That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. … Check out our visualisation of its historical revenue and earnings growth.

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Is Hasen-Immobilien (BST:ABHA) A Risky Investment?

Since Hasen-Immobilien does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … Our View Hasen-Immobilien's net debt to EBITDA was a real negative on this analysis, although the other factors we considered were considerably better In particular, we are dazzled with its conversion of EBIT to free cash flow. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

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Hasen-Immobilien AG (BST:ABHA) Is Yielding 0.9% - But Is It A Buy?

Dividend paying stocks like Hasen-Immobilien AG (BST:ABHA) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … BST:ABHA Historical Dividend Yield, June 26th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. So we need to form a view on if a company's dividend is sustainable, relative to its net profit after tax. Looking at the data, we can see that 10% of Hasen-Immobilien's profits were paid out as dividends in the last 12 months. With a low payout ratio, it looks like the dividend is comprehensively covered by earnings. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. Of the free cash flow it generated last year, Hasen-Immobilien paid out 35% as dividends, suggesting the dividend is affordable. It's positive to see that Hasen-Immobilien's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Is Hasen-Immobilien's Balance Sheet Risky? As Hasen-Immobilien has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. It's not great to see that Hasen-Immobilien's have fallen at approximately 11% over the past five years. Declining earnings per share over a number of years is not a great sign for the dividend investor. Without some improvement, this does not bode well for the long term value of a company's dividend. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

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Hasen-Immobilien (BST:ABHA) Shareholders Booked A 65% Gain In The Last Three Years

For example, the Hasen-Immobilien AG (BST:ABHA) share price is up 65% in the last three years, clearly besting than the market return of around 5.2% (not including dividends). … We note that for Hasen-Immobilien the TSR over the last 3 years was 69%, which is better than the share price return mentioned above. … Before deciding if you like the current share price, check how Hasen-Immobilien scores on these 3 valuation metrics.

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You Might Like Hasen-Immobilien AG (BST:ABHA) But Do You Like Its Debt?

However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

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Should We Be Cautious About Hasen-Immobilien AG's (BST:ABHA) ROE Of 3.7%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.037 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Should You Be Tempted To Sell Hasen-Immobilien AG (BST:ABHA) Because Of Its PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind.

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Should Hasen-Immobilien AG's (BST:ABHA) Recent Earnings Worry You?

Today I will assess ABHA's recent performance announced on 30 June 2017 and evaluate these figures to its longer term trend and industry movements. … Did ABHA's recent earnings growth beat the long-term trend and the industry. … ABHA's trailing twelve-month earnings (from 30 June 2017) of €20.68m has

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Who Are The Major Shareholders In Hasen-Immobilien AG (BST:ABHA)?

View our latest analysis for Hasen-Immobilien BST:ABHA Ownership_summary Apr 16th 18 General Public Ownership The general public, with 7.70% stake, is also an important group of shareholders in ABHA. … Private Company Ownership Potential investors in ABHA should also look at another important group of investors: private companies, with a stake of 92.30%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: A large shareholding of ABHA by the general public could mean higher market liquidity to buy and sell shares for retail investors, and also the potential to have more influence over company policies as a collective.

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Are Hasen-Immobilien AG's (BST:ABHA) Interest Costs Too High?

ABHA's debt level has been constant at around €12.93M over the previous year – this includes both the current and long-term debt. … Moreover, ABHA has generated cash from operations of €1.74M during the same period of time, leading to an operating cash to total debt ratio of 13.50%, meaning that ABHA’s operating cash is not sufficient to cover its debt. … For ABHA, the ratio of 1.12x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as ABHA’s low interest coverage already puts the company at higher risk of default.Next Steps: Although ABHA’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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ABHA Company Info

Description

Hasen-Immobilien AG engages in the real estate business. It operates in portfolio and real estate management businesses, as well as develops properties. The company is based in Augsburg, Germany.

Details
Name: Hasen-Immobilien AG
ABHA
Exchange: BST
Founded:
€120,960,000
480,000
Website: http://www.hasen-ag.com
Address: Hasen-Immobilien AG
Fuggerstr. 1,
Augsburg,
Bavaria, 86150,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BST ABHA Registered Shares Boerse-Stuttgart DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
3
Hasen-Immobilien employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 21:36
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/08/31
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.