INSTONE REAL ESTATE GROUP SE Financials Instone Real Estate Group SE
Equities
INS
DE000A2NBX80
Real Estate Development & Operations
|
Market Closed -
Other stock markets
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After market 01:09:54 pm | |||
| 8.94 EUR | +7.84% |
|
8.87 | -0.78% |
| May. 09 | INSTONE REAL ESTATE : Deutsche Bank reiterates its Buy rating | ZD |
| May. 08 | Instone Real Estate Group SE Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 815.6 | 986.8 | 781.9 | 363.3 | 316.3 | 359.1 | - | - |
| Enterprise Value (EV) 1 | 1,294 | 1,236 | 1,051 | 628.4 | 316.3 | 583.7 | 570.2 | 654.8 |
| P/E ratio | 11.7 x | 25.9 x | 9.4 x | 9.17 x | 15.9 x | 15.9 x | 9.87 x | 8.46 x |
| Yield | - | 1.24% | 3.73% | 4.34% | - | 2.96% | 3.8% | 5.09% |
| Capitalization / Revenue | 1.11 x | 2.06 x | 1 x | 0.58 x | 0.51 x | 0.66 x | 0.56 x | 0.52 x |
| EV / Revenue | 1.76 x | 2.58 x | 1.34 x | 1.01 x | 0.51 x | 1.07 x | 0.89 x | 0.95 x |
| EV / EBITDA | 9.74 x | 14.1 x | 6.56 x | 6.73 x | 3.47 x | 8.31 x | 6.43 x | 6.78 x |
| EV / FCF | -6.28 x | 10.4 x | 24.6 x | 9 x | - | -5.94 x | -16.9 x | -3.71 x |
| FCF Yield | -15.9% | 9.61% | 4.07% | 11.1% | - | -16.8% | -5.91% | -27% |
| Price to Book | 2.64 x | 1.9 x | 1.32 x | 0.66 x | - | 0.6 x | 0.63 x | 0.59 x |
| Nbr of stocks (in thousands) | 36,988 | 46,988 | 46,988 | 45,016 | 43,323 | 43,323 | - | - |
| Reference price 2 | 22.05 | 21.00 | 16.64 | 8.070 | 7.300 | 8.290 | 8.290 | 8.290 |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/19/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 736.7 | 480.1 | 783.6 | 621 | 616 | 543.5 | 642 | 686.4 |
| EBITDA 1 | 132.9 | 87.9 | 160.3 | 93.4 | 91.1 | 70.25 | 88.65 | 96.6 |
| EBIT 1 | 128.9 | 83.81 | 155.7 | 88.6 | 86.1 | 65.18 | 81.01 | 93.91 |
| Operating Margin | 17.5% | 17.46% | 19.87% | 14.27% | 13.98% | 11.99% | 12.62% | 13.68% |
| Earnings before Tax (EBT) 1 | 107.8 | 55.93 | 116.6 | 57.43 | 33.05 | 21.4 | 38.9 | 54.3 |
| Net income 1 | 69.8 | 33.69 | 83.05 | 40.59 | 20.11 | 22.5 | 36.35 | 42.35 |
| Net margin | 9.47% | 7.02% | 10.6% | 6.54% | 3.27% | 4.14% | 5.66% | 6.17% |
| EPS 2 | 1.890 | 0.8100 | 1.770 | 0.8800 | 0.4600 | 0.5200 | 0.8400 | 0.9800 |
| Free Cash Flow 1 | -206 | 118.8 | 42.81 | 69.85 | - | -98.3 | -33.7 | -176.6 |
| FCF margin | -27.97% | 24.74% | 5.46% | 11.25% | - | -18.09% | -5.25% | -25.73% |
| FCF Conversion (EBITDA) | - | 135.16% | 26.7% | 74.78% | - | - | - | - |
| FCF Conversion (Net income) | - | 352.69% | 51.54% | 172.09% | - | - | - | - |
| Dividend per Share 2 | - | 0.2600 | 0.6200 | 0.3500 | - | 0.2456 | 0.3152 | 0.4216 |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/19/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 173.9 | - | 123.5 | 156 | 153.8 |
| EBITDA | - | - | - | - | 17 | - | - |
| EBIT | 28.2 | - | - | 27.7 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 17.72 | - | - | - | - | - | - |
| Net income | 13.02 | 17.95 | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - |
| EPS | - | 0.3800 | 0.2600 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 8/27/20 | 8/11/22 | 11/10/22 | 3/16/23 | 5/11/23 | 8/10/23 | 11/9/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 478 | 250 | 269 | 265 | - | 225 | 211 | 296 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.6 x | 2.841 x | 1.68 x | 2.838 x | - | 3.196 x | 2.38 x | 3.061 x |
| Free Cash Flow 1 | -206 | 119 | 42.8 | 69.8 | - | -98.3 | -33.7 | -177 |
| ROE (net income / shareholders' equity) | 25.3% | 9.92% | 17.5% | 8.59% | - | 5.77% | 6.95% | 8.08% |
| ROA (Net income/ Total Assets) | 7.71% | 3.42% | 6.91% | 3.03% | - | 1.64% | 2.35% | 3.1% |
| Assets 1 | 905.4 | 985 | 1,202 | 1,340 | - | 1,369 | 1,549 | 1,367 |
| Book Value Per Share 2 | 8.360 | 11.10 | 12.60 | 12.20 | - | 13.70 | 13.20 | 14.00 |
| Cash Flow per Share 2 | -5.540 | 2.880 | 0.9300 | 1.490 | - | 0.3300 | 0.9900 | 1.630 |
| Capex 1 | 0.94 | 1.07 | 1.1 | 0.32 | - | 4.8 | 4.8 | 4.8 |
| Capex / Sales | 0.13% | 0.22% | 0.14% | 0.05% | - | 0.88% | 0.75% | 0.7% |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/19/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
8.29
EUR
Average target price
10.12
EUR
Spread / Average Target
+22.14%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +13.56% | 389M | |
| -1.72% | 24.72B | |
| -28.68% | 11.35B | |
| +7.97% | 10.83B | |
| -24.90% | 7.72B | |
| -7.06% | 7.15B | |
| +2.37% | 6.51B | |
| +3.25% | 7B | |
| +12.81% | 3.71B | |
| -0.64% | 3.7B |
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