Original-Research: Aroundtown SA (von First Berlin Equity Research GmbH): Kaufen
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Original-Research: Aroundtown SA - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to Aroundtown SA
First Berlin Equity Research hat ein Research Update zu Aroundtown SA (ISIN: LU1673108939) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und erhöht das Kursziel von EUR 3,60 auf EUR 4,00. Zusammenfassung: Wir haben an der EPRA 2024-Konferenz in Berlin teilgenommen, um den Puls des Immobiliensektors zu fühlen, einige der lokalen Aroundtown-Objekte aus erster Hand zu besichtigen und uns mit der Unternehmensleitung zu treffen. Die Teilnehmerzahl war gut, und die allgemeine Stimmung war optimistisch, dass das Schlimmste des Abschwungs in der Branche hinter uns liegt. Ein Reisebus voller Interessenvertreter aus der Immobilienbranche hatte die Gelegenheit, eine Auswahl der Gewerbeimmobilien von Aroundtown zu besichtigen und deren Qualität und Lage sowie die Strategie des Vermieters für die Neupositionierung unterdurchschnittlicher Objekte zur Erzielung von Wertsteigerungen kennenzulernen. Die Besichtigung hinterließ einen guten Eindruck und bestärkte uns in unserer Ansicht, dass AT im weiteren Verlauf des Zyklus als langfristiger Gewinner hervorgehen wird. Wir stufen die AT1-Aktie weiterhin mit einer Kaufempfehlung ein bei einem Kursziel von €4,00 (zuvor: €3,60), nachdem wir die niedrigeren Bundrenditen in unserem Modell berücksichtigt haben. First Berlin Equity Research has published a research update on Aroundtown SA (ISIN: LU1673108939). Analyst Ellis Acklin reiterated his BUY rating and increased the price target from EUR 3.60 to EUR 4.00. Abstract: We attended the EPRA 2024 Conference in Berlin to take the pulse of the property sector, get a first-hand look at some of Aroundtown's local assets, and meet with company brass. Attendance was good, and the general mood was optimistic that the worst of the downcycle is over. A tour bus full of various real estate stakeholders had a chance to see a mixed sample of Aroundtown's commercial properties, showcasing their quality and locations, as well as the landlord's strategy for repositioning underperforming assets to harness embedded upside. The tour left a good impression and reinforced our view that AT will emerge a long-term winner as we progress through the cycle. We remain Buy-rated on AT with a €4.0 TP (old: €3.6) after factoring lower Bund yields into our model. Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe die vollständige Analyse. You can download the research here: http://www.more-ir.de/d/30857.pdf Contact for questions: First Berlin Equity Research GmbH Herr Gaurav Tiwari Tel.: +49 (0)30 809 39 686 web: www.firstberlin.com E-Mail: g.tiwari@firstberlin.com
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1994569 24.09.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 747,10 | 894,80 | 1.180,30 | 1.323,20 | 1.609,90 | 1.602,80 | 0,00 | |
| EBITDA1,2 | 606,00 | 772,70 | 944,10 | 974,90 | 1.002,30 | -2.449,70 | 0,00 | |
| EBITDA-Margin3 | 81,11 | 86,35 | 79,99 | 73,68 | 62,26 | -152,84 | 0,00 | |
| EBIT1,4 | 2.293,50 | 2.155,80 | 1.651,70 | 1.736,70 | 361,10 | -2.467,60 | 0,00 | |
| EBIT-Margin5 | 306,99 | 240,93 | 139,94 | 131,25 | 22,43 | -153,96 | 0,00 | |
| Net Profit (Loss)1 | 1.827,80 | 1.709,10 | 906,40 | 1.078,10 | -457,10 | -2.426,40 | 0,00 | |
| Net-Margin6 | 244,65 | 191,00 | 76,79 | 81,48 | -28,39 | -151,39 | 0,00 | |
| Cashflow1,7 | 472,80 | 613,60 | 615,80 | 625,80 | 788,00 | 772,10 | 0,00 | |
| Earnings per share8 | 1,49 | 1,11 | 0,49 | 0,53 | -0,58 | -1,82 | -0,11 | |
| Dividend per share8 | 0,25 | 0,14 | 0,22 | 0,23 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: KPMG
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Aroundtown | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A2DW8Z | LU1673108939 | SA | 4.414,34 Mio € | 03.06.2015 | Halten | 8FX8J49G+J6 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 13,68 | 6,91 | 1,98 | 6,62 | 0,58 | 5,72 | 2,75 |
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Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 26.06.2024 | 28.05.2025 | 28.08.2024 | 27.11.2024 | 26.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -2,11% | +22,67% | +15,71% | +21,18% | -22,80% |
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