LEG Stock Analysis: LEG Immobilien SE | XETRA
Real Estate Services | XETRA, Germany | Market Cap: 3.435m EUR | 12M Return: -29.4% | DE000LEG1110 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.0M
Qual. Beats: 0
Rev. Trend: 97.2%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
LEG Immobilien SE is a German integrated property company headquartered in Düsseldorf, operating across multiple segments including property management, location development, and housing industry services. Beyond core real estate activities, the company generates electricity and heat, provides IT and management services to third parties, and offers residential and commercial units along with garages and parking spaces. Founded in 1970, LEG serves as both an asset owner and a service provider within the German real estate market.
As a Real Estate Operating Company under the GICS classification, LEG combines property ownership with active management and ancillary services, distinguishing it from pure real estate holding structures. The companys diversified service portfolio, including energy generation and third-party IT services, reflects a vertically integrated business model that extends beyond traditional landlord activities common in the German residential property sector.
- German rent cap regulation limits rental income growth
- Rising interest rates pressure property valuations and refinancing costs
- Vacancy rates and in-place rents drive net rental income growth
| Net Income: 1.29b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.15 > 1.0 |
| NWC/Revenue: -93.22% < 20% (prev -173.9%; Δ 80.67% < -1%) |
| CFO/TA 0.02 > 3% & CFO 465.2m > Net Income 1.29b |
| Net Debt (9.31b) to EBITDA (1.13b): 8.26 < 3 |
| Current Ratio: 0.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (79.6m) vs 12m ago 6.85% < -2% |
| Gross Margin: 39.10% > 18% (prev 48.21%; Δ -9.11% > 0.5%) |
| Asset Turnover: 6.57% > 50% (prev 6.51%; Δ 0.06% > 0%) |
| Interest Coverage Ratio: 4.73 > 6 (EBIT TTM 1.10b / Interest Expense TTM 233.5m) |
| A: -0.06 (Total Current Assets 492.0m - Total Current Liabilities 1.77b) / Total Assets 20.9b |
| B: 0.35 (Retained Earnings 7.27b / Total Assets 20.9b) |
| C: 0.05 (EBIT TTM 1.10b / Avg Total Assets 20.8b) |
| D: 0.73 (Book Value of Equity 8.82b / Total Liabilities 12.0b) |
| Altman-Z'' = 1.86 = BBB |
| DSRI: 0.39 (Receivables 135.0m/339.8m, Revenue 1.37b/1.35b) |
| GMI: 1.23 (GM 48.21% / 39.10%) |
| AQI: 1.03 (AQ_t 0.97 / AQ_t-1 0.94) |
| SGI: 1.02 (Revenue 1.37b / 1.35b) |
| TATA: 0.04 (NI 1.29b - CFO 465.2m) / TA 20.9b) |
| Beneish M = -3.28 (Cap -4..+1) = AA |
As of October 17, 2026, the stock is trading at EUR 46.76 with a total of 430,373 shares traded. Over the past week, the price has changed by +4.61%, over one month by +0.39%, over three months by -10.51% and over the past year by -29.35%.
Current recommended Stop Loss: 45.30 (which is 3.1% or 1.4 ATR below the current price).
LEG Immobilien SE has no consensus analysts rating.
P/E Trailing = 3.0142
P/E Forward = 6.9881
P/S = 2.3257
P/B = 0.3999
Revenue TTM = 1.37b EUR
EBIT TTM = 1.10b EUR
EBITDA TTM = 1.13b EUR
Long Term Debt = 7.68b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.77b EUR (from shortTermDebt, last quarter)
Debt = 9.78b EUR (from shortLongTermDebtTotal, last quarter) + Leases 143.7m
Net Debt = 9.31b EUR (calculated: Debt 9.78b - CCE 463.6m)
Enterprise Value = 12.7b EUR (3.44b + Debt 9.78b - CCE 463.6m)
Interest Coverage Ratio = 4.73 (Ebit TTM 1.10b / Interest Expense TTM 233.5m)
EV/FCF = 28.43x (Enterprise Value 12.7b / FCF TTM 448.4m)
FCF Yield = 3.52% (FCF TTM 448.4m / Enterprise Value 12.7b)
FCF Margin = 32.82% (FCF TTM 448.4m / Revenue TTM 1.37b)
Net Margin = 94.71% (Net Income TTM 1.29b / Revenue TTM 1.37b)
Gross Margin = 39.10% ((Revenue TTM 1.37b - Cost of Revenue TTM 832.0m) / Revenue TTM)
Gross Margin QoQ = 40.04% (prev 40.13%)
Tobins Q-Ratio = 0.61 (Enterprise Value 12.7b / Total Assets 20.9b)
Interest Expense / Debt = 2.39% (Interest Expense 233.5m / Debt 9.78b)
Taxrate = 14.91% (35.8m / 240.1m)
NOPAT = 939.1m (EBIT 1.10b * (1 - 14.91%))
Current Ratio = 0.28 (Total Current Assets 492.0m / Total Current Liabilities 1.77b)
Debt / Equity = 1.11 (Debt 9.78b / totalStockholderEquity, last quarter 8.82b)
Debt / EBITDA = 8.26 (Net Debt 9.31b / EBITDA 1.13b)
Debt / FCF = 20.77 (Net Debt 9.31b / FCF TTM 448.4m)
Total Stockholder Equity = 8.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.22% (Net Income 1.29b / Total Assets 20.9b)
RoE = 14.93% (Net Income TTM 1.29b / Total Stockholder Equity 8.67b)
RoCE = 6.75% (EBIT 1.10b / Capital Employed (Equity 8.67b + L.T.Debt 7.68b))
RoIC = 4.50% (NOPAT 939.1m / Invested Capital 20.9b)
WACC = 3.17% (E(3.44b)/V(13.2b) * Re(6.42%) + D(9.78b)/V(13.2b) * Rd(2.39%) * (1-Tc(0.15)))
Discount Rate = 6.42% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 41.81 | Cagr: -0.91%
[DCF] Terminal Value 76.52% ; FCFF base≈434.0m ; Y1≈467.2m ; Y5≈568.8m
[DCF] Fair Price = N/A (negative equity: EV 8.72b - Net Debt 9.31b = -592.6m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.03 | # QB: 0
Revenue Correlation: 97.18 | Revenue CAGR: 4.57% | SUE: 1.73 | # QB: 3
EPS current Quarter (2026-09-30): EPS=1.22 | Chg30d=-14.68% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=6.02 | Chg30d=+2.48% | Revisions=+0% | GrowthEPS=+8.5% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=5.89 | Chg30d=+0.72% | Revisions=-25% | GrowthEPS=-2.2% | GrowthRev=+3.2%
[Analyst] Revisions Ratio: -29% (up=1, down=3)