(LEG) LEG Immobilien SE - Overview
Sector: Real Estate | Industry: Real Estate Services | Exchange: XETRA (Germany) | Market Cap: 4.496m EUR | Total Return: -18.7% in 12m
Avg Turnover: 19.7M
Qual. Beats: 0
Rev. Trend: 98.3%
Qual. Beats: 2
Warnings
Earnings expected to drop: P/E 3.8 → Forward 9.1
Below Avwap Earnings
Tailwinds
Confidence
LEG Immobilien SE is a Düsseldorf-based integrated property company focused on the German residential real estate market. The firm manages a diverse portfolio of residential and commercial units, alongside parking facilities and garages. Its vertically integrated business model encompasses property management, location development, and the internal generation of heat and electricity for its holdings.
The company also extends its operational infrastructure to third parties by providing IT services and external property management. In the German residential sector, companies like LEG often benefit from high regulatory barriers to entry and a structural supply-demand imbalance in urban centers. This operating environment typically leads to stable occupancy rates and predictable cash flows from long-term rental contracts.
For a detailed breakdown of the companys financial health and valuation metrics, consider reviewing the latest data on ValueRay. LEG Immobilien SE remains a significant constituent of the MDAX, reflecting its position as one of the largest listed landlords in Germany.
- ECB interest rate pivots dictate refinancing costs and net asset value valuations
- German rental price regulations and rent freezes impact long-term organic growth
- Rising maintenance and construction costs pressure operating margins and renovation targets
- High demand for affordable housing in North Rhine-Westphalia sustains occupancy levels
- Asset disposal program execution determines debt deleveraging and credit rating stability
| Net Income: 1.29b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.29 > 1.0 |
| NWC/Revenue: -102.3% < 20% (prev -148.8%; Δ 46.50% < -1%) |
| CFO/TA 0.02 > 3% & CFO 478.4m > Net Income 1.29b |
| Net Debt (9.44b) to EBITDA (1.17b): 8.10 < 3 |
| Current Ratio: 0.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (97.8m) vs 12m ago 11.66% < -2% |
| Gross Margin: 41.50% > 18% (prev 0.49%; Δ 4.10k% > 0.5%) |
| Asset Turnover: 6.62% > 50% (prev 6.47%; Δ 0.15% > 0%) |
| Interest Coverage Ratio: 5.32 > 6 (EBITDA TTM 1.17b / Interest Expense TTM 214.9m) |
| A: -0.07 (Total Current Assets 484.0m - Total Current Liabilities 1.88b) / Total Assets 20.8b |
| B: 0.35 (Retained Earnings 7.27b / Total Assets 20.8b) |
| C: 0.06 (EBIT TTM 1.14b / Avg Total Assets 20.6b) |
| D: 0.62 (Book Value of Equity 7.42b / Total Liabilities 12.0b) |
| Altman-Z'' = 1.72 = BBB |
| DSRI: 0.05 (Receivables 26.4m/545.0m, Revenue 1.36b/1.32b) |
| GMI: 1.17 (GM 41.50% / 48.64%) |
| AQI: 1.03 (AQ_t 0.97 / AQ_t-1 0.94) |
| SGI: 1.03 (Revenue 1.36b / 1.32b) |
| TATA: 0.04 (NI 1.29b - CFO 478.4m) / TA 20.8b) |
| Beneish M = -3.57 (Cap -4..+1) = AAA |
As of May 29, 2026, the stock is trading at EUR 56.35 with a total of 498,535 shares traded.
Over the past week, the price has changed by +2.59%,
over one month by -1.42%,
over three months by -16.25% and
over the past year by -18.72%.
LEG Immobilien SE has no consensus analysts rating.
P/E Trailing = 3.8387
P/E Forward = 9.1241
P/S = 3.0534
P/B = 0.5076
Revenue TTM = 1.36b EUR
EBIT TTM = 1.14b EUR
EBITDA TTM = 1.17b EUR
Long Term Debt = 7.68b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.88b EUR (from shortTermDebt, last quarter)
Debt = 9.90b EUR (from shortLongTermDebtTotal, last quarter) + Leases 143.7m
Net Debt = 9.44b EUR (calculated: Debt 9.90b - CCE 457.6m)
Enterprise Value = 13.9b EUR (4.50b + Debt 9.90b - CCE 457.6m)
Interest Coverage Ratio = 5.32 (Ebit TTM 1.14b / Interest Expense TTM 214.9m)
EV/FCF = 30.29x (Enterprise Value 13.9b / FCF TTM 460.1m)
FCF Yield = 3.30% (FCF TTM 460.1m / Enterprise Value 13.9b)
FCF Margin = 33.71% (FCF TTM 460.1m / Revenue TTM 1.36b)
Net Margin = 94.81% (Net Income TTM 1.29b / Revenue TTM 1.36b)
Gross Margin = 41.50% ((Revenue TTM 1.36b - Cost of Revenue TTM 798.3m) / Revenue TTM)
Gross Margin QoQ = 40.13% (prev 25.60%)
Tobins Q-Ratio = 0.67 (Enterprise Value 13.9b / Total Assets 20.8b)
Interest Expense / Debt = 2.17% (Interest Expense 214.9m / Debt 9.90b)
Taxrate = 19.43% (19.1m / 98.3m)
NOPAT = 920.8m (EBIT 1.14b * (1 - 19.43%))
Current Ratio = 0.26 (Total Current Assets 484.0m / Total Current Liabilities 1.88b)
Debt / Equity = 1.13 (Debt 9.90b / totalStockholderEquity, last quarter 8.78b)
Debt / EBITDA = 8.10 (Net Debt 9.44b / EBITDA 1.17b)
Debt / FCF = 20.51 (Net Debt 9.44b / FCF TTM 460.1m)
Total Stockholder Equity = 8.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.27% (Net Income 1.29b / Total Assets 20.8b)
RoE = 15.43% (Net Income TTM 1.29b / Total Stockholder Equity 8.39b)
RoCE = 7.11% (EBIT 1.14b / Capital Employed (Equity 8.39b + L.T.Debt 7.68b))
RoIC = 4.47% (NOPAT 920.8m / Invested Capital 20.6b)
WACC = 3.16% (E(4.50b)/V(14.4b) * Re(6.25%) + D(9.90b)/V(14.4b) * Rd(2.17%) * (1-Tc(0.19)))
Discount Rate = 6.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.90 | Cagr: 13.09%
[DCF] Terminal Value 77.97% ; FCFF base≈433.3m ; Y1≈496.7m ; Y5≈731.0m
[DCF] Fair Price = 20.67 (EV 11.0b - Net Debt 9.44b = Equity 1.56b / Shares 75.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.01 | # QB: 0
Revenue Correlation: 98.33 | Revenue CAGR: 4.88% | SUE: 1.60 | # QB: 2
EPS current Quarter (2026-06-30): EPS=1.46 | Chg30d=+12.16% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.43 | Chg30d=+11.22% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=7.83 | Chg30d=+35.53% | Revisions=-14% | GrowthEPS=+41.0% | GrowthRev=+3.5%
EPS next Year (2027-12-31): EPS=6.69 | Chg30d=+13.46% | Revisions=+0% | GrowthEPS=-14.4% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: +20%