LEG Stock Analysis: LEG Immobilien SE | XETRA
Real Estate Services | XETRA, Germany | Market Cap: 3.821m EUR | 12M Return: -26.7% | DE000LEG1110 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.2M
Qual. Beats: 0
Rev. Trend: 97.2%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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 and listed on XETRA under the ticker LEG. Founded in 1970, the company manages residential and commercial units, garages, and parking spaces, while also providing property management, location development, and housing industry services. In addition to its core real estate activities, LEG offers management services for third-party properties, IT services, and generates electricity and heat. The company is classified within the Real Estate Operating Companies sub-industry of the GICS Real Estate sector and is considered a mid-cap stock.
Germanys residential real estate market is one of the largest in Europe, characterized by high tenant protection standards and rental regulations that influence operating company economics. Integrated residential operators like LEG typically derive revenue from a mix of rental income, third-party property management fees, and ancillary services such as utilities and energy supply.
- German rent regulation caps limit rental income growth
- Refinancing costs climb as ECB policy rates move higher
- Property valuations reset on rising interest rate environment
| 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 August 30, 2026, the stock is trading at EUR 50.20 with a total of 183,805 shares traded. Over the past week, the price has changed by +0.30%, over one month by -6.08%, over three months by -10.91% and over the past year by -26.68%.
Current recommended Stop Loss: 48.80 (which is 2.8% or 1.4 ATR below the current price).
LEG Immobilien SE has no consensus analysts rating.
P/E Trailing = 3.3103
P/E Forward = 7.728
P/S = 2.5869
P/B = 0.4351
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 = 13.1b EUR (3.82b + Debt 9.78b - CCE 463.6m)
Interest Coverage Ratio = 4.73 (Ebit TTM 1.10b / Interest Expense TTM 233.5m)
EV/FCF = 29.29x (Enterprise Value 13.1b / FCF TTM 448.4m)
FCF Yield = 3.41% (FCF TTM 448.4m / Enterprise Value 13.1b)
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 = 0.63 (Enterprise Value 13.1b / 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 = 3.29% (E(3.82b)/V(13.6b) * Re(6.51%) + D(9.78b)/V(13.6b) * Rd(2.39%) * (1-Tc(0.15)))
Discount Rate = 6.51% (= 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=5.87 | Chg30d=+8.49% | Revisions=+25% | GrowthEPS=+5.8% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=5.84 | Chg30d=-0.38% | Revisions=-25% | GrowthEPS=-0.5% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: -17% (up=1, down=2)