Allreal Holding AG (ALLN) AI Stock Analysis

• Market Cap: CHF3.50B
• Dividend Yield: 3.45%
• Average Volume (3M): 18.82K
• Price to Earnings (P/E): 13.5
• Beta (1Y): 0.16
• Revenue Growth: 6.79%
• EPS Growth: 196.21%
• Country: CH
• Employees: 216
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 7.07
• Shares Outstanding: 16,592,821
• 10 Day Avg. Volume: 17,422
• 30 Day Avg. Volume: 18,816
• PEG Ratio: 0.06
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 6.51
• P/FCF Ratio: 33.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: CHF236.00 ▲(12.92% Upside)

Allreal Holding AG demonstrates strong financial performance with robust profitability and cash flow management, contributing significantly to the overall score. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield. Technical analysis shows a neutral trend with potential for upward movement, though momentum is currently lacking. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Free Cash Flow Growth

Very large FCF growth indicates strong cash-generation capacity from operations and project timing. Durable cash inflows support dividends, reinvestment in development pipelines, and reduce refinancing risk, strengthening long-term financial flexibility.

High Gross Profit Margin

A sustained gross margin above 50% reflects effective cost controls in development and construction services and pricing power in property management. This margin buffer supports operating profitability through real estate cycles and funds long-term project investment.

Balanced Capital Structure

A moderate leverage profile with a ~45% equity ratio suggests prudent financing for a property developer/operator. This balance helps fund new projects while retaining capacity to withstand interest or market stress, supporting sustainable growth and investment flexibility.

Negative Factors

Slight Revenue Decline

A declining top line signals potential weaknesses in sales or timing of development disposals. For a developer/manager, sustained revenue dips can compress cash generation over cycles and limit reinvestment capacity, making long-term growth and project pipelines harder to sustain.

Net Profit Margin Volatility

Large year-over-year swings in net margin suggest earnings are sensitive to one-offs, property sale timing, or accounting items. Such volatility undermines predictability of recurring profits, complicates cash flow forecasting and dividend planning over the medium term.

FFO/FCF Sustainability Concern

A high FCF-to-net-income ratio may reflect timing benefits, working-capital swings or proceeds from asset disposals. If driven by non-recurring sources, FCF may be less sustainable, risking future capex, development funding and dividend coverage when one-offs reverse.

Allreal Holding AG Business Overview & Revenue Model

Company Description

Allreal Holding AG, through its subsidiaries, operates as a real estate company in Switzerland. It operates through two divisions, Real Estate and Projects & Development. The Real Estate division invests in residential and commercial properties. This division also provides various real estate services, such as portfolio management, and real estate and building management. The Projects & Development division provides project development, real estate consultancy, and contract administration services. This division engages in the development, realization, purchase, and sale of real estate. Allreal Holding AG was founded in 1999 and is based in Baar, Switzerland.

How the Company Makes Money

Allreal generates revenue through several key streams. Primarily, the company earns money from the development and sale of residential and commercial properties, where it capitalizes on its expertise in real estate development. Additionally, Allreal derives significant income from its property management services, managing a diverse portfolio of properties that provide stable rental income. The company also engages in construction services, which contribute to its revenue through contracts for building projects. Strategic partnerships with municipal and private entities enhance its market reach and project opportunities, further solidifying its financial performance. Overall, Allreal's diversified revenue model allows for a balanced approach to income generation, combining development profits with ongoing rental and management revenues.

Allreal Holding AG Financial Statement Overview

Summary

Allreal Holding AG presents a robust financial performance with strong profitability margins and a balanced balance sheet. The company has shown significant improvement in operational efficiency, though revenue growth has been slightly negative. Cash flow is strong, with substantial growth in free cash flow, reflecting good cash management. However, the fluctuations in net profit margin and revenue growth suggest potential volatility, which could be a risk factor.

Income Statement

The company has a strong gross profit margin, currently at 56.4%, indicating effective cost management. However, the net profit margin has fluctuated, with a significant increase from 15.2% in 2023 to 50.3% in 2024, suggesting volatility. The revenue growth rate is slightly negative at -1.93% from 2023 to 2024, indicating a minor decline in sales. EBIT and EBITDA margins have improved significantly, showing an increase in operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 1.02, reflecting a balanced approach to financing. The equity ratio is 44.9%, indicating a healthy level of equity relative to total assets. Return on equity improved to 8.0% in 2024, which is a positive sign of profitability, but still leaves room for improvement.

Cash Flow

Free cash flow has grown significantly by 342.93% from 2023 to 2024, indicating strong cash-generating capabilities. The operating cash flow to net income ratio of 0.40 in 2024 shows that the company is generating cash effectively relative to its net income. However, free cash flow to net income ratio is high at 0.39, which could indicate potential sustainability issues if not managed carefully.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	427.60M	420.00M	428.30M	502.00M	552.90M	516.40M
Gross Profit	326.80M	236.90M	228.50M	239.60M	228.50M	217.80M
EBITDA	185.20M	314.80M	119.20M	185.70M	183.80M	171.40M
Net Income	261.00M	211.40M	65.20M	154.70M	182.60M	167.20M
Balance Sheet
Total Assets	6.01B	5.88B	5.72B	5.69B	5.80B	4.99B
Cash, Cash Equivalents and Short-Term Investments	4.50M	4.10M	12.60M	14.10M	73.40M	40.50M
Total Debt	2.05B	2.70B	2.69B	2.61B	2.73B	2.18B
Total Liabilities	3.37B	3.24B	3.18B	3.09B	3.25B	2.58B
Stockholders Equity	2.64B	2.64B	2.55B	2.60B	2.56B	2.41B
Cash Flow
Free Cash Flow	100.30M	81.50M	18.40M	154.90M	164.20M	22.30M
Operating Cash Flow	101.10M	85.10M	25.00M	159.60M	164.40M	61.80M
Investing Cash Flow	14.90M	14.40M	6.30M	12.60M	-181.70M	-130.10M
Financing Cash Flow	-116.00M	-107.80M	-32.80M	-231.50M	50.20M	71.50M

Allreal Holding AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 209.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:ALLN, the sentiment is Positive. The current price of 209 is above the 20-day moving average (MA) of 204.12, above the 50-day MA of 199.65, and above the 200-day MA of 187.70, indicating a bullish trend. The MACD of 3.66 indicates Negative momentum. The RSI at 77.19 is Negative, neither overbought nor oversold. The STOCH value of 94.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:ALLN.

Allreal Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALLN	72 Outperform	CHF3.50B	13.48	9.87%	3.45%	6.79%	196.21%
PSPN	72 Outperform	CHF6.76B	16.54	―	2.74%	-1.14%	46.84%
WARN	72 Outperform	CHF607.92M	17.44	6.89%	3.61%	3.38%	111.64%
PLAN	70 Outperform	CHF883.89M	15.92	7.56%	2.16%	27.85%	89.97%
NREN	68 Neutral	CHF405.82M	13.49	―	3.52%	45.30%	823.48%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SPSN	62 Neutral	CHF10.13B	27.46	5.24%	2.83%	-6.88%	90.76%