Hamborner REIT (HABA) AI Stock Analysis

• Market Cap: €528.73M
• Dividend Yield: 7.38%
• Average Volume (3M): 124.59K
• Price to Earnings (P/E): 37.5
• Beta (1Y): 0.26
• Revenue Growth: 4.47%
• EPS Growth: N/A
• Country: DE
• Employees: 55
• Sector: Real Estate
• Sector Strength: 69
• Industry: REIT - Diversified
• EPS (TTM): 0.03
• Shares Outstanding: 81,343,346
• 10 Day Avg. Volume: 114,818
• 30 Day Avg. Volume: 124,594
• PEG Ratio: -5.24
• Price to Book (P/B): 1.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 61.84
• 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: €7.66
• Price Target Upside: 17.85% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 70 Outperform
• Price Target: ―

Hamborner REIT demonstrates solid financial performance with improved profitability, robust cash flow, and a debt-free balance sheet, which significantly supports its overall score. The technical analysis presents a generally positive momentum, though caution is advised due to mixed signals from moving averages and stochastic levels. Despite valuation concerns with a high P/E ratio, the strong dividend yield offers a compensatory benefit, making the stock attractive for income-focused investors. Overall, the stock is positioned decently, with notable strengths in financial health and income potential.

Hamborner REIT Business Overview & Revenue Model

Company Description

HAMBORNER REIT AG a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income on the basis of a diversified portfolio of properties distributed throughout Germany with a total value of around €1.5 billion. The portfolio focuses on modern office properties at established locations as well as attractive local supply properties as large-scale retail assets, retail parks and DIY stores in central inner-city locations, district centres and highly frequented edge-of-town sites of major German cities and mid-sized centres. HAMBORNER REIT AG is distinguished by its many years of experience on the property and capital market, its consistent and sustainably attractive dividend strategy and its lean and transparent corporate structure. The company is a registered real estate investment trust (REIT) and benefits from corporation and trade tax exemption at company level.

How the Company Makes Money

Hamborner REIT AG makes money primarily through the acquisition, management, and leasing of commercial properties within its portfolio. The company generates revenue by collecting rental income from tenants occupying its retail, office, and logistics properties. As a Real Estate Investment Trust (REIT), Hamborner is required to distribute a significant portion of its income as dividends to shareholders, leveraging tax efficiencies. The company strategically acquires properties in economically stable regions to maintain high occupancy rates and ensure consistent cash flow. Additionally, Hamborner may engage in property sales to optimize its portfolio and capitalize on market opportunities, contributing to its earnings.

Hamborner REIT Financial Statement Overview

Summary

Hamborner REIT's financial performance in 2023 highlights a commendable recovery and growth across key financial metrics. The company showcases improved profitability, robust cash flow generation, and a stable balance sheet with no debt, positioning it well for future opportunities in the real estate industry. However, continuous monitoring of profitability and maintaining strong cash flows are essential to sustain this positive trajectory.

Income Statement

Hamborner REIT showed a strong revenue growth of 4.9% from 2022 to 2023, with a stable gross profit margin around 70.9%. The net profit margin significantly improved to 15.4% in 2023 from a loss in 2022, indicating better cost management and profitability. EBIT and EBITDA margins are healthy at 23.4% and 69.7%, respectively, showcasing efficient operations.

Balance Sheet

The company displays a solid equity ratio of 36.3% in 2023, reflecting a stable financial structure with no total debt, enhancing financial flexibility. Return on Equity (ROE) improved to 3.9%, up from negative in the previous period, indicating better returns to shareholders.

Cash Flow

Operating cash flow remained strong at €60.8 million, with a significant positive free cash flow growth rate of 40.3% in 2023, demonstrating robust cash generation. The free cash flow to net income ratio is favorable, indicating effective cash management and the ability to fund operations without external financing.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
105.27M	105.68M	104.56M	99.23M	98.38M	102.34M
	Gross Profit
73.87M	74.98M	75.98M	72.01M	74.63M	79.10M
	EBIT
22.99M	24.73M	11.12M	25.51M	31.79M	33.77M
	EBITDA
71.45M	73.72M	69.04M	64.12M	105.99M	78.62M
	Net Income Common Stockholders
14.08M	16.27M	-660.00K	13.31M	54.26M	-9.26M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
43.08M	52.16M	43.30M	130.67M	84.78M	36.11M
	Total Assets
1.12B	1.13B	1.16B	1.29B	1.29B	1.27B
	Total Debt
0.00	0.00	682.86M	770.71M	747.70M	758.92M
	Net Debt
-42.77M	-51.77M	639.56M	640.59M	663.73M	723.32M
	Total Liabilities
706.46M	722.31M	726.68M	814.82M	788.41M	791.55M
	Stockholders Equity
413.82M	411.17M	434.12M	473.60M	497.37M	474.23M
Cash Flow		Free Cash Flow
49.55M	56.33M	40.16M	8.73M	-2.50M	-10.41M
	Operating Cash Flow
57.50M	60.77M	68.72M	62.79M	66.97M	69.45M
	Investing Cash Flow
27.44M	3.56M	-15.21M	-35.67M	92.79M	-61.17M
	Financing Cash Flow
-113.26M	-55.87M	-140.32M	19.01M	-111.38M	18.96M

Hamborner REIT Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HABA, the sentiment is Neutral. The current price of 6.5 is below the 20-day moving average (MA) of 6.52, above the 50-day MA of 6.27, and above the 200-day MA of 6.35, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 53.13 is Neutral, neither overbought nor oversold. The STOCH value of 44.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:HABA.

Hamborner REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HABA	70 Outperform	€528.73M	37.55	3.30%	7.38%	4.47%	―
Sector *	61 Neutral	$2.83B	10.72	0.40%	6.10%	5.80%	-21.26%
0I3Z		€1.53B	12.33	6.26%	13.05%	―	―
0QC9		€5.25B	20.97	3.32%	3.81%	―	―
0R3N		€1.72B	―		3.28%	―	―
0QFT		€23.30B	―	-2.91%	4.29%	―	―