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Allreal Holding AG
(ALLN)
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Rating:62Neutral
Price Target:
CHF220.00
▲(3.04% Upside)
Action:Downgraded
Date:08/06/26
The score is driven primarily by strong recent profitability and improved cash generation, tempered by a leveraged real-estate balance sheet and historically volatile cash conversion/revenue trends. Technical indicators are a meaningful drag due to weak momentum and price below key moving averages, while a reasonable P/E and solid dividend yield provide partial support.
Positive Factors
High profitability
Sustained very high net margins and a sharp earnings rebound indicate durable operating strength from rental income plus development margins. Over months this supports cash generation, reinvestment capacity and steady ROE, underpinning long-term dividend and project funding ability.
Negative Factors
Meaningful leverage
Debt roughly equal to equity leaves the company exposed to interest-rate moves and refinancing risk; in a rising-rate or valuation-downturn scenario, servicing costs and covenant pressure could strain cash flows and limit capacity for new projects or distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
Sustained very high net margins and a sharp earnings rebound indicate durable operating strength from rental income plus development margins. Over months this supports cash generation, reinvestment capacity and steady ROE, underpinning long-term dividend and project funding ability.
Read all positive factors
Allreal Holding AG (ALLN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF3.48B
Dividend Yield3.31%
Average Volume (3M)18.82K
Price to Earnings (P/E)15.9
Beta (1Y)0.20
Revenue Growth3.98%
EPS Growth3.73%
CountryCH
Employees199
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)13.28
Shares Outstanding16,592,821
10 Day Avg. Volume17,422
30 Day Avg. Volume18,816
Financial Highlights & Ratios
PEG Ratio4.10
Price to Book (P/B)1.23
Price to Sales (P/S)7.72
P/FCF Ratio21.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF210.00Price Target Upside-1.64% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)7.99
Revenue Forecast (FY)CHF269.44M
Allreal Holding AG Business Overview & Revenue Model
Company Description
Allreal Holding AG is a Swiss real estate firm operating through its subsidiaries. Its business is structured into two main segments: Real Estate and Projects & Development. The Real Estate division focuses on investing in residential and commerci...
How the Company Makes Money
Allreal makes money mainly through two complementary activities: (1) Income from its investment property portfolio and (2) earnings from its real estate development activity.
1) Investment property income (recurring): The company generates ongoi...
Allreal Holding AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 436.70M | 420.00M | 428.30M | 502.00M | 552.90M |
| Gross Profit | 229.70M | 236.90M | 228.50M | 239.60M | 228.50M |
| EBITDA | 312.10M | 314.80M | 119.20M | 185.70M | 183.80M |
| Net Income | 219.30M | 211.40M | 65.20M | 154.70M | 182.60M |
Balance Sheet | |||||
| Total Assets | 6.00B | 5.88B | 5.72B | 5.69B | 5.80B |
| Cash, Cash Equivalents and Short-Term Investments | 5.40M | 4.10M | 12.60M | 14.10M | 73.40M |
| Total Debt | 2.67B | 2.70B | 2.69B | 2.61B | 2.73B |
| Total Liabilities | 3.25B | 3.24B | 3.18B | 3.09B | 3.25B |
| Stockholders Equity | 2.75B | 2.64B | 2.55B | 2.60B | 2.56B |
Cash Flow | |||||
| Free Cash Flow | 156.30M | 81.50M | 18.40M | 154.90M | 164.20M |
| Operating Cash Flow | 156.50M | 85.10M | 25.00M | 159.60M | 164.40M |
| Investing Cash Flow | -14.50M | 14.40M | 6.30M | 12.60M | -181.70M |
| Financing Cash Flow | -141.00M | -107.80M | -32.80M | -231.50M | 50.20M |
Allreal Holding AG Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | CHF601.73M | 13.47 | 8.46% | 3.68% | 4.72% | 79.22% | |
68 Neutral | CHF898.38M | 14.80 | 6.24% | 2.30% | 19.41% | 19.74% | |
67 Neutral | CHF10.57B | 27.52 | 5.50% | 2.70% | -16.59% | 2.58% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | CHF3.48B | 15.93 | 8.14% | 3.28% | 3.98% | 3.73% | |
58 Neutral | CHF6.70B | 16.22 | ― | 2.74% | -1.21% | 16.41% | |
56 Neutral | CHF405.82M | 13.26 | ― | 3.52% | 16.25% | 48.65% |
* Real Estate Sector Average
CH:ALLN
Allreal Holding AG
207.00
27.25
15.16%
CH:PSPN
PSP Swiss Property AG
142.90
8.57
6.38%
CH:PLAN
PLAZZA AG
433.00
43.77
11.24%
CH:SPSN
Swiss Prime Site AG
129.10
18.16
16.37%
CH:WARN
Warteck Invest AG
1,920.00
-8.71
-0.45%
CH:NREN
Novavest Real Estate AG
39.50
1.34
3.50%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.