(TEG) TAG Immobilien - Overview
Sector: Real Estate | Industry: Real Estate - Diversified | Exchange: XETRA (Germany) | Market Cap: 2.663m EUR | Total Return: 0.7% in 12m
Avg Turnover: 6.46M
Rev. Trend: -63.7%
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
TAG Immobilien AG is a Hamburg-based real estate company founded in 1882 that specializes in the residential sector within the German market. The firm’s primary operations include the long-term management of housing portfolios, property development, and strategic asset sales to optimize its holdings.
The company operates as a Real Estate Operating Company (REOC), focusing on the rental business to generate recurring cash flow. Unlike a REIT, which is subject to strict dividend payout requirements in Germany, a REOC retains more flexibility in capital allocation for portfolio expansion or debt reduction. The German residential market is characterized by a high tenancy rate, providing a stable environment for firms focused on affordable housing management.
For a detailed breakdown of the companys valuation metrics and historical performance, you may wish to consult the data on ValueRay. TAG Immobilien AG maintains a historical presence in the German market, having transitioned from its original form as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft in 2008.
- German residential rental income stability drives core FFO performance
- Polish residential development sales volume impacts short-term liquidity
- High interest rates increase refinancing costs and pressure property valuations
- Decarbonization requirements for German portfolio necessitate significant capital expenditure
- Supply shortages in German urban centers support long-term occupancy rates
| Net Income: 89.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.59 > 1.0 |
| NWC/Revenue: -10.05% < 20% (prev 14.94%; Δ -24.99% < -1%) |
| CFO/TA 0.02 > 3% & CFO 177.9m > Net Income 89.1m |
| Net Debt (3.15b) to EBITDA (545.6m): 5.78 < 3 |
| Current Ratio: 0.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (189.0m) vs 12m ago 7.74% < -2% |
| Gross Margin: 45.00% > 18% (prev 0.38%; Δ 4.46k% > 0.5%) |
| Asset Turnover: 11.34% > 50% (prev 12.70%; Δ -1.36% > 0%) |
| Interest Coverage Ratio: 4.90 > 6 (EBITDA TTM 545.6m / Interest Expense TTM 108.4m) |
| A: -0.01 (Total Current Assets 1.19b - Total Current Liabilities 1.29b) / Total Assets 8.93b |
| B: 0.24 (Retained Earnings 2.15b / Total Assets 8.93b) |
| C: 0.06 (EBIT TTM 531.3m / Avg Total Assets 8.57b) |
| D: 0.43 (Book Value of Equity 2.40b / Total Liabilities 5.60b) |
| Altman-Z'' = 1.58 = BB |
| DSRI: 2.80 (Receivables 72.3m/27.7m, Revenue 972.3m/1.04b) |
| GMI: 0.84 (GM 45.00% / 37.96%) |
| AQI: 1.11 (AQ_t 0.86 / AQ_t-1 0.77) |
| SGI: 0.93 (Revenue 972.3m / 1.04b) |
| TATA: -0.01 (NI 89.1m - CFO 177.9m) / TA 8.93b) |
| Beneish M = -1.68 (Cap -4..+1) = CCC |
As of May 29, 2026, the stock is trading at EUR 14.35 with a total of 472,722 shares traded.
Over the past week, the price has changed by +1.49%,
over one month by -1.96%,
over three months by -10.79% and
over the past year by +0.72%.
TAG Immobilien has no consensus analysts rating.
P/E Trailing = 29.9787
P/E Forward = 14.0056
P/S = 2.651
P/B = 0.816
P/EG = 6.6865
Revenue TTM = 972.3m EUR
EBIT TTM = 531.3m EUR
EBITDA TTM = 545.6m EUR
Long Term Debt = 2.93b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.29b EUR (from shortTermDebt, last quarter)
Debt = 4.27b EUR (from shortLongTermDebtTotal, last quarter) + Leases 49.3m
Net Debt = 3.15b EUR (calculated: Debt 4.27b - CCE 1.12b)
Enterprise Value = 5.82b EUR (2.66b + Debt 4.27b - CCE 1.12b)
Interest Coverage Ratio = 4.90 (Ebit TTM 531.3m / Interest Expense TTM 108.4m)
EV/FCF = 36.05x (Enterprise Value 5.82b / FCF TTM 161.3m)
FCF Yield = 2.77% (FCF TTM 161.3m / Enterprise Value 5.82b)
FCF Margin = 16.59% (FCF TTM 161.3m / Revenue TTM 972.3m)
Net Margin = 9.17% (Net Income TTM 89.1m / Revenue TTM 972.3m)
Gross Margin = 45.00% ((Revenue TTM 972.3m - Cost of Revenue TTM 534.8m) / Revenue TTM)
Gross Margin QoQ = 45.90% (prev 39.01%)
Tobins Q-Ratio = 0.65 (Enterprise Value 5.82b / Total Assets 8.93b)
Interest Expense / Debt = 2.54% (Interest Expense 108.4m / Debt 4.27b)
Taxrate = 20.64% (9.10m / 44.1m)
NOPAT = 421.6m (EBIT 531.3m * (1 - 20.64%))
Current Ratio = 0.92 (Total Current Assets 1.19b / Total Current Liabilities 1.29b)
Debt / Equity = 1.30 (Debt 4.27b / totalStockholderEquity, last quarter 3.27b)
Debt / EBITDA = 5.78 (Net Debt 3.15b / EBITDA 545.6m)
Debt / FCF = 19.55 (Net Debt 3.15b / FCF TTM 161.3m)
Total Stockholder Equity = 3.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.04% (Net Income 89.1m / Total Assets 8.93b)
RoE = 2.72% (Net Income TTM 89.1m / Total Stockholder Equity 3.28b)
RoCE = 8.55% (EBIT 531.3m / Capital Employed (Equity 3.28b + L.T.Debt 2.93b))
RoIC = 5.40% (NOPAT 421.6m / Invested Capital 7.81b)
WACC = 3.54% (E(2.66b)/V(6.94b) * Re(5.98%) + D(4.27b)/V(6.94b) * Rd(2.54%) * (1-Tc(0.21)))
Discount Rate = 5.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 33.33 | Cagr: 3.36%
[DCF] Terminal Value 77.97% ; FCFF base≈136.7m ; Y1≈156.7m ; Y5≈230.6m
[DCF] Fair Price = 1.67 (EV 3.47b - Net Debt 3.15b = Equity 316.1m / Shares 189.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -63.73 | Revenue CAGR: -9.41% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.01 | Chg30d=-4.22% | Revisions=N/A | GrowthEPS=+1.0% | GrowthRev=+15.0%
EPS next Year (2027-12-31): EPS=1.11 | Chg30d=-0.31% | Revisions=-20% | GrowthEPS=+9.5% | GrowthRev=+7.1%
[Analyst] Revisions Ratio: -20%