Instone Real Estate Group (DE:INS)
XETRA:INS
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Instone Real Estate Group
(XETRA:INS)
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Rating:59Neutral
Price Target:
€8.00
▼(-5.77% Downside)
Action:ReiteratedDate:03/19/26
The score is held back mainly by weak cash flow in 2025 (negative operating and free cash flow) and a multi-year revenue decline, despite improved profitability and manageable leverage. Technicals are also bearish (below key moving averages with negative MACD). Offsetting these risks, valuation is compelling with a low P/E and high dividend yield.
Positive Factors
Improved Profitability
A higher net margin (~10.8% in 2025) indicates better project pricing or cost control versus prior years. This strengthens durable earnings power, supports ability to fund development activity and distributions, and provides a margin buffer during normal market cycles over the next several months.
Negative Factors
Multi-year Revenue Decline
Sustained top-line contraction reduces scale and weakens fixed-cost absorption, limiting operating leverage. Over several quarters this can compress earnings potential, shrink project pipeline economics, and indicate demand or execution challenges that hinder medium-term growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
A higher net margin (~10.8% in 2025) indicates better project pricing or cost control versus prior years. This strengthens durable earnings power, supports ability to fund development activity and distributions, and provides a margin buffer during normal market cycles over the next several months.
Read all positive factors
Instone Real Estate Group (INS) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€400.34M
Dividend Yield6.36%
Average Volume (3M)7.33K
Price to Earnings (P/E)7.5
Beta (1Y)0.56
Revenue Growth-10.58%
EPS Growth253.72%
CountryDE
Employees336
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.05
Shares Outstanding46,988,335
10 Day Avg. Volume9,157
30 Day Avg. Volume7,331
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.55
Price to Sales (P/S)0.81
P/FCF Ratio-10.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€15.00Price Target Upside76.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.85
Revenue Forecast (FY)€562.40M
Instone Real Estate Group Business Overview & Revenue Model
Company Description
Instone Real Estate Group SE, together with its subsidiaries, develops residential real estate properties in Germany. The company develops residential buildings and apartment complexes, as well as publicly subsidized residential properties; design...
How the Company Makes Money
Instone Real Estate Group generates revenue mainly through real estate development sales. The company typically identifies and acquires land or existing properties with development potential, advances them through planning and permitting, manages ...
Instone Real Estate Group Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 412.21M | 434.57M | 514.25M | 567.51M | 741.24M |
| Gross Profit | 95.42M | 104.83M | 137.32M | 139.89M | 199.11M |
| EBITDA | 85.32M | 77.73M | 72.61M | 70.19M | 121.84M |
| Net Income | 44.58M | 31.19M | 20.11M | 40.59M | 83.05M |
Balance Sheet | |||||
| Total Assets | 1.90B | 1.94B | 1.84B | 1.78B | 1.52B |
| Cash, Cash Equivalents and Short-Term Investments | 367.48M | 262.25M | 383.61M | 242.99M | 123.13M |
| Total Debt | 500.57M | 522.81M | 547.35M | 531.59M | 400.22M |
| Total Liabilities | 1.28B | 1.35B | 1.26B | 1.21B | 929.81M |
| Stockholders Equity | 611.67M | 587.38M | 570.36M | 573.71M | 590.88M |
Cash Flow | |||||
| Free Cash Flow | -31.84M | 102.42M | 107.61M | 69.77M | 42.15M |
| Operating Cash Flow | -31.82M | 102.48M | 107.68M | 70.17M | 43.91M |
| Investing Cash Flow | -10.12M | 14.09M | 11.54M | 9.44M | 123.52M |
| Financing Cash Flow | -16.83M | -73.93M | 9.78M | 45.01M | -123.51M |
Instone Real Estate Group Technical Analysis
Positive
8.49
Price Trends
8.76
Negative
8.36
Positive
8.67
Negative
Market Momentum
-0.11
Negative
54.98
Neutral
91.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:INS, the sentiment is Positive. The current price of 8.49 is above the 20-day moving average (MA) of 8.03, below the 50-day MA of 8.76, and below the 200-day MA of 8.67, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 54.98 is Neutral, neither overbought nor oversold. The STOCH value of 91.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:INS.
Instone Real Estate Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €252.54M | 4.42 | 4.43% | 0.39% | 20.83% | -54.40% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | €400.34M | 7.50 | 7.44% | 6.36% | -10.58% | 253.72% | |
57 Neutral | €382.72M | 29.08 | 3.15% | 10.90% | 0.93% | 69.71% | |
53 Neutral | €607.78M | 41.83 | 1.56% | 4.33% | 0.23% | ― | |
39 Underperform | €112.40M | -0.37 | -40.94% | ― | -13.22% | -67.54% |
* Real Estate Sector Average
DE:INS
Instone Real Estate Group
8.36
1.09
15.06%
DE:BRNK
DIC ASSET
1.30
-0.70
-35.16%
DE:HABA
Hamborner REIT
4.77
-0.83
-14.81%
DE:PAT
Patrizia Immobilien
7.19
0.44
6.53%
DE:VIH1
VIB Vermoegen AG
7.52
-0.59
-7.27%
DE:KBU
TAG Colonia-Immobilien AG
5.30
-0.70
-11.67%
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.