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B-A-L Germany

BST:BAM
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BAM
BST
  1. Home
  2. DE
  3. Real Estate
Company description

B-A-L Germany AG owns and operates residential real estate properties primarily in Saxony, Germany. The last earnings update was 128 days ago. More info.


Add to Portfolio Compare Print
  • B-A-L Germany has significant price volatility in the past 3 months.
  • No market cap data available for B-A-L Germany.
BAM Share Price and Events
7 Day Returns
-1.8%
BST:BAM
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
-
BST:BAM
-1.1%
DE Real Estate
9.9%
DE Market
BAM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
B-A-L Germany (BAM) -1.8% -8.5% -70.3% - - -
DE Real Estate 0.9% -0.4% 4.2% -1.1% 39.3% 87.2%
DE Market 0% 4.5% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • No trading data on BAM.
  • No trading data on BAM.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is B-A-L Germany 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.

In this section, we usually try to help investors determine whether B-A-L Germany is trading at an attractive price based on the cash flow it is expected to produce in the future. But as B-A-L Germany has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for B-A-L Germany. This is due to cash flow or dividend data being unavailable. The share price is €1.62.
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 B-A-L Germany's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are B-A-L Germany's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:BAM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR Not available
WBAG:BAL Share Price ** WBAG (2019-11-15) in EUR €1.9
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 19.43x

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

** Primary Listing of B-A-L Germany.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for B-A-L Germany, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does B-A-L Germany's expected growth come at a high price?
Raw Data
BST:BAM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
84.7%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 252 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 B-A-L Germany, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on B-A-L Germany's assets?
Raw Data
BST:BAM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR Not available
WBAG:BAL Share Price * WBAG (2019-11-15) in EUR €1.9
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.84x

* Primary Listing of B-A-L Germany.

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

  • Unable to compare the PB ratio to the industry average as no data exists.

Next steps:

  1. Take a look at B-A-L Germany's forecasted future earnings and revenues from industry analysts to understand how the company is expected to perform in the future against its competitors and the wider market.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through B-A-L Germany's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Real Estate industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess B-A-L Germany'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. B-A-L Germany has a total score of 0/6, 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 B-A-L Germany 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
84.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is B-A-L Germany expected to grow at an attractive rate?
  • B-A-L Germany's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • B-A-L Germany's earnings growth is expected to exceed the Germany market average.
  • B-A-L Germany's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:BAM Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:BAM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 84.7%
BST:BAM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 36.5%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8.3%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
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:BAM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 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.
BST:BAM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1 1
2022-12-31 1 1
2021-12-31 1 0 0 1
2020-12-31 1 0 0 1
2019-12-31 0 0 0 1
2019-11-16
BST:BAM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0
2017-12-31 0 0
2016-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • B-A-L Germany's earnings are expected to grow significantly at over 20% yearly.
  • B-A-L Germany's revenue is expected to grow significantly at over 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
BST:BAM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from B-A-L Germany Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:BAM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.14 0.14 0.14 1.00
2020-12-31 0.10 0.10 0.10 1.00
2019-12-31 0.02 0.02 0.02 1.00
2019-11-16
BST:BAM Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31
2017-12-31
2016-12-31

*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.
  • B-A-L Germany is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess B-A-L Germany'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.
B-A-L Germany has a total score of 5/6, 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 B-A-L Germany 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 B-A-L Germany'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.
  • B-A-L Germany does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare B-A-L Germany's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare B-A-L Germany's 1-year growth to the DE Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
B-A-L Germany'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 B-A-L Germany Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:BAM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.09 -0.10 0.01
2017-12-31 0.06 0.00 0.00
2016-12-31 0.04 0.01 0.00
2015-12-31 0.02 -0.01 0.00

*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.
  • It is difficult to establish if B-A-L Germany has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if B-A-L Germany has efficiently used its assets last year compared to the DE Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if B-A-L Germany improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess B-A-L Germany'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.
B-A-L Germany has a total score of 0/6, 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 B-A-L Germany'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 B-A-L Germany's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • B-A-L Germany is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • B-A-L Germany's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of B-A-L Germany'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 14.8x 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 B-A-L Germany Company Filings, last reported 10 months ago.

BST:BAM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1.32 0.05 0.52
2017-12-31 0.25 0.00 0.01
2016-12-31 0.04 0.00 0.00
2015-12-31 0.04 0.00 0.00
  • B-A-L Germany's level of debt (3.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if B-A-L Germany's debt level has increased without past 5-year debt data.
  • Unable to verify if debt is well covered by operating cash flow as B-A-L Germany has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on B-A-L Germany's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess B-A-L Germany'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. B-A-L Germany 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.

Dividends

 What is B-A-L Germany'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 B-A-L Germany dividends.
If you bought €2,000 of B-A-L Germany 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 B-A-L Germany's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate B-A-L Germany'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
BST:BAM 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 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:BAM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-11-16

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

  • Unable to perform a dividend volatility check as B-A-L Germany has not reported any payouts.
  • Unable to verify if B-A-L Germany's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of B-A-L Germany's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as B-A-L Germany 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 B-A-L Germany'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 B-A-L Germany afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. B-A-L Germany 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 B-A-L Germany'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
Falko Zschunke
AGE 48
CEO Bio

Mr. Falko Zschunke serves as Chief Executive Officer and Chairman of the Board of Management at B-A-L Germany Ag. Mr. Zschunke has been a member of the Management Board of B-A-L Germany Ag since its foundation. In the years following the fall of communism, he managed a construction company in Saxony. After the construction boom subsided, he moved to Russia and carried out property valuations and complex permission procedures for European clients for the German project management office Thost.

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

Falko Zschunke

TITLE
CEO & Chairman of the Board of Management
AGE
48
Board of Directors

Bernd Albrecht

TITLE
Chairman of the Supervisory Board
AGE
52

Ute Spengler

TITLE
Vice Chairman of the Supervisory Board
AGE
55

Dennis van Diemen

TITLE
Member of the Supervisory Board
AGE
50

Frank Richter

TITLE
Member of the Supervisory Board
AGE
71
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 B-A-L Germany'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. B-A-L Germany 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

B-A-L Germany AG owns and operates residential real estate properties primarily in Saxony, Germany. The company was founded in 2014 and is based in Meissen, Germany.

Details
Name: B-A-L Germany AG
BAM
Exchange: BST
Founded: 2014
€0
0
Website: http://www.bal-ag.de
Address: B-A-L Germany AG
Poststrasse 5,
Meissen,
Saxony, 01662,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG BAL SHS Wiener Boerse AG AT EUR 16. Jan 2019
BST BAM SHS Boerse-Stuttgart DE EUR 16. Jan 2019
Number of employees
Current staff
Staff numbers
0
B-A-L Germany employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 21:51
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/07/11
Last earnings reported: 2018/12/31
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.