Aroundtown SA (DE:AT1)
XETRA:AT1
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Aroundtown SA
(XETRA:AT1)
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Rating:58Neutral
Price Target:
€2.50
▼(-3.85% Downside)
Action:ReiteratedDate:03/05/26
The score is driven mainly by a mid-tier financial profile: strong TTM rebound and positive free cash flow are offset by significant earnings volatility, material leverage, and a sharp TTM decline in free cash flow. Technicals are a headwind with the stock below key moving averages and weak momentum, while valuation is a support due to the very low P/E.
Positive Factors
Recurring rental income model
A core business built on contractual rental income provides durable, predictable cash inflows that support long-term operations. Stable lease rolls and indexation potential help fund maintenance, capex and interest service, enabling continuity in earnings and financing planning over multiple cycles.
Negative Factors
Material leverage
High absolute and relative debt increases refinancing and interest rate sensitivity for a real estate owner. Leverage constrains financial flexibility, raises the cost of distress, and makes the company more vulnerable to cyclical rental or valuation shocks that could impair covenant headroom or force asset disposals.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
A core business built on contractual rental income provides durable, predictable cash inflows that support long-term operations. Stable lease rolls and indexation potential help fund maintenance, capex and interest service, enabling continuity in earnings and financing planning over multiple cycles.
Read all positive factors
Aroundtown SA (AT1) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.91B
Dividend YieldN/A
Average Volume (3M)1.81M
Price to Earnings (P/E)4.1
Beta (1Y)0.84
Revenue Growth-1.35%
EPS GrowthN/A
CountryDE
Employees1,506
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.12
Shares Outstanding1,537,025,600
10 Day Avg. Volume1,398,798
30 Day Avg. Volume1,807,235
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.36
Price to Sales (P/S)1.88
P/FCF Ratio5.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.13Price Target Upside20.38% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)0.47
Revenue Forecast (FY)€1.57B
Aroundtown SA Business Overview & Revenue Model
Company Description
Aroundtown SA, together with its subsidiaries, operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally. It invests in commercial and residential real estate properties, such as office, hotel,...
How the Company Makes Money
Aroundtown makes money mainly from recurring rental income generated by leasing space in its investment properties (primarily offices, as well as hotels and other assets) to tenants under contractual lease agreements. This rental revenue is suppor...
Aroundtown SA Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
57
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.54B | 1.18B | 1.19B | 1.61B | 1.32B |
| Gross Profit | 976.40M | 630.70M | 554.40M | 915.00M | 790.20M |
| EBITDA | 1.08B | 701.70M | -2.60B | 712.40M | 642.20M |
| Net Income | 871.50M | 256.30M | -1.83B | -457.10M | 1.08B |
Balance Sheet | |||||
| Total Assets | 33.69B | 33.62B | 33.56B | 37.35B | 39.38B |
| Cash, Cash Equivalents and Short-Term Investments | 3.68B | 3.89B | 3.13B | 3.08B | 3.74B |
| Total Debt | 19.12B | 14.70B | 14.55B | 14.94B | 15.74B |
| Total Liabilities | 22.62B | 18.61B | 18.41B | 19.52B | 20.23B |
| Stockholders Equity | 8.01B | 12.17B | 12.40B | 14.33B | 15.28B |
Cash Flow | |||||
| Free Cash Flow | 559.10M | 801.20M | 541.70M | 761.60M | -174.40M |
| Operating Cash Flow | 579.50M | 820.50M | 557.90M | 788.00M | 625.80M |
| Investing Cash Flow | 181.50M | 152.60M | 523.80M | 408.50M | 1.08B |
| Financing Cash Flow | -273.00M | -495.90M | -753.00M | -1.76B | -2.61B |
Aroundtown SA Technical Analysis
Neutral
2.60
Price Trends
2.63
Negative
2.68
Negative
2.95
Negative
Market Momentum
-0.02
Negative
56.39
Neutral
79.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AT1, the sentiment is Neutral. The current price of 2.6 is above the 20-day moving average (MA) of 2.39, below the 50-day MA of 2.63, and below the 200-day MA of 2.95, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 56.39 is Neutral, neither overbought nor oversold. The STOCH value of 79.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:AT1.
Aroundtown SA Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €1.68B | 3.69 | 11.82% | ― | 0.44% | ― | |
67 Neutral | €1.51B | 2.94 | 11.70% | 28.14% | -6.87% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | €4.65B | 3.20 | 18.02% | 4.45% | 6.91% | ― | |
58 Neutral | €2.91B | 4.09 | 7.69% | ― | -1.35% | ― | |
52 Neutral | €19.85B | 5.49 | 14.53% | 5.08% | 22.80% | ― | |
49 Neutral | €6.19B | 23.97 | 4.04% | ― | -9.44% | 96.54% |
* Real Estate Sector Average
DE:AT1
Aroundtown SA
2.66
-0.06
-2.21%
DE:DEQ
Deutsche Euroshop
19.94
4.12
26.05%
DE:LEG
LEG Immobilien
61.55
-8.84
-12.56%
DE:VNA
Vonovia
23.40
-3.55
-13.17%
DE:GYC
Grand City Properties SA
10.02
-0.62
-5.83%
DE:O5G
CPI PROPERTY GROUP S.A.
0.74
-0.08
-9.76%
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.