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Dahlbusch Ag

BST:DAL3
Snowflake Description

Unattractive dividend payer with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DAL3
BST
€624M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Dahlbusch Ag engages in the administration and marketing of real estate properties primarily in Germany. The last earnings update was 45 days ago. More info.


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DAL3 Share Price and Events
7 Day Returns
8.3%
BST:DAL3
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
-8.7%
BST:DAL3
-1.1%
DE Real Estate
9.9%
DE Market
DAL3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dahlbusch Ag (DAL3) 8.3% 27.5% -5.8% -8.7% 6.6% -
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
  • DAL3 underperformed the Real Estate industry which returned -1.1% over the past year.
  • DAL3 underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
DAL3
Industry
5yr Volatility vs Market

Value

 Is Dahlbusch Ag 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 Dahlbusch Ag 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 Dahlbusch Ag.

BST:DAL3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-03-31) in EUR € 19.060000
Payout Ratio Company Filings (2019-03-31) 0%
Discount Rate (Cost of Equity) See below 8.4%
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:DAL3
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%) (0.98%))
1.365
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.365 * 5.96%)
8.36%

Discounted Cash Flow Calculation for BST:DAL3 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Dahlbusch Ag is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:DAL3 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €19.06 / (8.36% - 0.23%)
€722.97
BST:DAL3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:DAL3 represents 1.75676x of BST:DAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.75676x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 234.26 x 1.75676
€411.54
Value per share (EUR) From above. €411.54
Current discount Discount to share price of €650.00
= -1 x (€650.00 - €411.54) / €411.54
-57.9%

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

  • The current share price of Dahlbusch Ag 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 Dahlbusch Ag's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dahlbusch Ag's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:DAL3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-0.15
BST:DAL Share Price ** BST (2019-11-15) in EUR €370
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 Dahlbusch Ag.

BST:DAL3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 370 ÷ -0.15

-2435.83x

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

  • Dahlbusch Ag is loss making, we can't compare its value to the DE Real Estate industry average.
  • Dahlbusch Ag is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Dahlbusch Ag's expected growth come at a high price?
Raw Data
BST:DAL3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2435.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 Dahlbusch Ag, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dahlbusch Ag's assets?
Raw Data
BST:DAL3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €43.35
BST:DAL Share Price * BST (2019-11-15) in EUR €370
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:DAL3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 370 ÷ 43.35

8.54x

* Primary Listing of Dahlbusch Ag.

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

  • Dahlbusch Ag is overvalued based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Dahlbusch Ag'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. Dahlbusch Ag 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 Dahlbusch Ag expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dahlbusch Ag has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
-8%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dahlbusch Ag expected to grow at an attractive rate?
  • Unable to compare Dahlbusch Ag's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Dahlbusch Ag's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Dahlbusch Ag's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:DAL3 Future Growth Rates Data Sources
Data Point Source Value (per year)
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:DAL3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:DAL3 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 0 0
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0 -1
2016-06-30 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Dahlbusch Ag is high growth as no earnings estimate data is available.
  • Unable to determine if Dahlbusch Ag 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:DAL3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dahlbusch Ag Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:DAL3 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -0.15
2018-12-31 0.01
2018-09-30
2018-06-30
2018-03-31 0.13
2017-12-31 0.01
2017-09-30
2017-06-30
2017-03-31 -0.11
2016-12-31 -0.20
2016-09-30
2016-06-30

*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 Dahlbusch Ag will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Dahlbusch Ag's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  2. Dahlbusch Ag's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Dahlbusch Ag'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.
Dahlbusch Ag has a total score of 0/6, 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 Dahlbusch Ag 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 Dahlbusch Ag'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.
  • Dahlbusch Ag does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Dahlbusch Ag's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Dahlbusch Ag's 1-year growth to the DE Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Dahlbusch Ag'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 Dahlbusch Ag Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:DAL3 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 0.00 -0.26 0.01
2018-12-31 0.00 0.01 0.01
2018-09-30 0.01 0.28 0.01
2018-06-30 0.01 0.25 0.01
2018-03-31 0.01 0.22 0.02
2017-12-31 0.01 0.01 0.01
2017-09-30 0.01 -0.19 0.06
2017-06-30 0.00 -0.18 0.06
2017-03-31 0.00 -0.18 0.01
2016-12-31 0.00 -0.34 0.02
2016-09-30 0.01 -0.50 0.04
2016-06-30 0.01 -0.53 0.04
2016-03-31 0.01 -0.56 0.04
2015-12-31 0.01 -0.46 0.04
2015-09-30 0.01 -0.36 0.04
2015-06-30 0.01 -0.37 0.04
2015-03-31 0.01 -0.37 0.04
2014-12-31 0.01 -0.45 0.03
2014-09-30 0.01 -0.53 0.02
2014-06-30 0.01 -0.36 0.01
2014-03-31 0.01 -0.19 0.01
2013-12-31 0.01 -0.04 0.01
2013-09-30 0.01 0.12 0.02
2013-06-30 0.01 -0.05 0.02
2013-03-31 0.01 -0.22 0.02
2012-12-31 0.01 -0.33 0.01

*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 Dahlbusch Ag has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Dahlbusch Ag 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 Dahlbusch Ag 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 Dahlbusch Ag'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.
Dahlbusch Ag 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 Dahlbusch Ag'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 Dahlbusch Ag's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dahlbusch Ag's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Dahlbusch Ag's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dahlbusch Ag'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 0.1x 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 Dahlbusch Ag Company Filings, last reported 7 months ago.

BST:DAL3 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 73.06 6.09
2018-12-31 73.06 6.09
2018-09-30 72.90 6.05
2018-06-30 72.90 6.05
2018-03-31 73.06 5.58
2017-12-31 73.06 5.58
2017-09-30 72.84 5.50
2017-06-30 72.84 5.50
2017-03-31 73.06 5.33
2016-12-31 73.06 5.33
2016-09-30 72.85 5.25 0.00
2016-06-30 72.85 5.25 0.00
2016-03-31 73.06 5.46 0.00
2015-12-31 73.06 5.46 0.00
2015-09-30 72.79 5.30 0.01
2015-06-30 72.79 5.30 0.01
2015-03-31 73.06 5.28 0.00
2014-12-31 73.06 5.28 0.00
2014-09-30 72.78 5.32 0.01
2014-06-30 72.78 5.32 0.01
2014-03-31 73.06 5.13 0.01
2013-12-31 73.06 5.13 0.01
2013-09-30 73.13 0.00 0.01
2013-06-30 73.13 0.00 0.01
2013-03-31 73.06 4.83 0.00
2012-12-31 73.06 4.83 0.00
  • Dahlbusch Ag's level of debt (8.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7% vs 8.3% today).
  • Unable to verify if debt is well covered by operating cash flow as Dahlbusch Ag has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on Dahlbusch Ag's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Dahlbusch Ag'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. Dahlbusch Ag 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 Dahlbusch Ag'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
5.15%
Current annual income from Dahlbusch Ag dividends.
If you bought €2,000 of Dahlbusch Ag shares you are expected to receive €103 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?
  • Dahlbusch Ag's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Dahlbusch Ag's dividend is above the markets top 25% of dividend payers in Germany (3.66%).
Upcoming dividend payment

Purchase Dahlbusch Ag before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:DAL3 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:DAL3 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-10-04 19.060 5.158
2018-06-18 19.060 4.809
2017-05-19 19.060 4.730
2016-06-24 19.060 4.518
2015-12-02 19.060 4.434

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

  • Whilst dividend payments have been stable, Dahlbusch Ag has been paying a dividend for less than 10 years.
  • Dahlbusch Ag has only been paying a dividend for 4 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Dahlbusch Ag's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Dahlbusch Ag'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 Dahlbusch Ag afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dahlbusch Ag 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.

Management

 What is the CEO of Dahlbusch Ag'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.
  • Dahlbusch Ag has no CEO, or we have no data on them.
Management Team

Johannes Bellendorf

TITLE
Member of Management Board
Board of Directors

Michael Kiefer

TITLE
Chairman of Supervisory Board

Claudius Arens

TITLE
Member of Supervisory Board

Kurt Lemanczyk

TITLE
Member of 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 (€)
X
Management checks
We assess Dahlbusch Ag'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. Dahlbusch Ag 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

Dahlbusch Ag engages in the administration and marketing of real estate properties primarily in Germany. It provides administration and marketing services related to undeveloped and agricultural land used for the purpose of commercial and industrial activities. The company is based in Gelsenkirchen, Germany. Dahlbusch Ag is a subsidiary of Pilkington Holding GmbH.

Details
Name: Dahlbusch Ag
DAL3
Exchange: BST
Founded:
€623,568,400
1,685,320
Website: http://www.pilkington.com/de-de/de/uber-uns/ir-deutsche-gesellschaften/dahlbusch-ag
Address: Dahlbusch Ag
Haydnstrasse 19,
Gelsenkirchen,
45884,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BST DAL Common Stock Boerse-Stuttgart DE EUR 07. Jan 1992
DUSE DAL Common Stock Dusseldorf Stock Exchange DE EUR 07. Jan 1992
BST DAL3 Preference Stock Boerse-Stuttgart DE EUR 31. Jan 1992
Number of employees
Current staff
Staff numbers
0
Dahlbusch Ag employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 21:56
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/10/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.