Patrizia Immobilien (PAT) AI Stock Analysis

• Market Cap: €705.64M
• Dividend Yield: 4.26%
• Average Volume (3M): 70.27K
• Price to Earnings (P/E): 22.3
• Beta (1Y): 0.66
• Revenue Growth: 0.23%
• EPS Growth: N/A
• Country: DE
• Employees: 887
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.01
• Shares Outstanding: 92,351,480
• 10 Day Avg. Volume: 120,692
• 30 Day Avg. Volume: 70,270
• PEG Ratio: -0.17
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 2.66
• P/FCF Ratio: -88.84
• 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: €10.90
• Price Target Upside: 32.60% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: €9.00 ▲(9.49% Upside)

Patrizia Immobilien's overall stock score is driven by strong technical indicators and a reasonable valuation, despite financial performance challenges. The stock's positive price trend and attractive dividend yield are significant strengths, while operational inefficiencies and cash flow volatility are key risks.

Positive Factors

Sustainable Investment Strategy

A focus on sustainable investments aligns with growing environmental trends and regulatory demands, potentially enhancing long-term asset value and investor appeal.

Strong Gross Profit Margin

A high gross profit margin indicates effective cost management, providing a buffer against revenue fluctuations and supporting profitability.

Stable Balance Sheet

A stable balance sheet with manageable leverage enhances financial flexibility, allowing the company to navigate economic cycles and invest in growth opportunities.

Negative Factors

Declining Revenue Growth

Declining revenue growth can hinder the company's ability to expand and invest in new projects, potentially impacting long-term competitiveness and market position.

Negative EBIT Margins

Negative EBIT margins reflect operational inefficiencies, which could strain profitability and limit the company's ability to reinvest in its business.

Cash Flow Volatility

Volatile cash flow can challenge liquidity management, affecting the company's ability to meet obligations and invest in strategic initiatives.

Patrizia Immobilien Business Overview & Revenue Model

Company Description

A leading partner for global real assets With operations around the world, PATRIZIA has been offering investment opportunities in real estate and infrastructure assets for institutional, semi-professional and private investors for 38 years. PATRIZIA manages more than EUR 56 billion in assets and employs over 1,000 professionals at 28 locations worldwide. Through its PATRIZIA Foundation, PATRIZIA is committed to social responsibility. The Foundation has helped around 250,000 children in need worldwide gain access to education and thus, has given them the chance of a better life over the last 23 years.

How the Company Makes Money

Patrizia Immobilien generates revenue primarily through property management fees, asset management fees, and performance fees associated with its investment funds. The company earns income by managing a diversified portfolio of real estate assets for institutional and private investors, charging fees based on the assets under management (AUM). Additionally, PAT benefits from capital gains realized upon the sale of properties after enhancing their value through strategic improvements. Significant partnerships with institutional investors and joint ventures in real estate development projects also contribute to its earnings by expanding its investment capacity and access to new markets.

Patrizia Immobilien Financial Statement Overview

Summary

Patrizia Immobilien shows strong gross profitability and a stable balance sheet with a moderate debt-to-equity ratio. However, it faces challenges with declining revenue growth, negative EBIT margins, and cash flow volatility, which pose risks to financial stability.

Income Statement

Patrizia Immobilien's income statement shows a strong gross profit margin consistently above 90%, indicating effective cost management. However, the company has experienced declining revenue growth, with a negative trend over recent periods, and EBIT margins have turned negative in the TTM period, reflecting operational challenges. Despite these issues, the net profit margin has improved slightly in the TTM period, suggesting some recovery in profitability.

Balance Sheet

The balance sheet reflects a stable financial position with a moderate debt-to-equity ratio around 0.3, indicating manageable leverage. The equity ratio remains healthy, showing a strong equity base relative to total assets. However, return on equity is relatively low, suggesting limited efficiency in generating profits from shareholders' equity.

Cash Flow

Cash flow analysis reveals volatility, with a significant decline in free cash flow growth in the TTM period. The operating cash flow to net income ratio indicates some operational cash generation, but the free cash flow to net income ratio suggests challenges in converting earnings into free cash flow. This volatility poses potential risks to liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	253.47M	255.67M	292.43M	346.29M	318.16M	301.69M
Gross Profit	235.82M	238.22M	246.56M	274.67M	296.91M	279.82M
EBITDA	64.13M	27.75M	55.25M	69.14M	131.35M	109.19M
Net Income	21.76M	12.87M	-5.81M	7.28M	47.90M	37.70M
Balance Sheet
Total Assets	1.68B	1.73B	2.00B	2.05B	2.06B	1.96B
Cash, Cash Equivalents and Short-Term Investments	138.55M	185.09M	350.68M	451.50M	357.01M	495.46M
Total Debt	316.78M	326.45M	375.92M	276.98M	439.46M	369.40M
Total Liabilities	594.77M	610.80M	803.32M	720.54M	742.96M	692.58M
Stockholders Equity	1.05B	1.08B	1.16B	1.26B	1.28B	1.24B
Cash Flow
Free Cash Flow	34.05M	-7.66M	65.44M	114.97M	22.18M	63.76M
Operating Cash Flow	37.31M	10.82M	73.83M	120.91M	29.34M	82.87M
Investing Cash Flow	-74.48M	-238.36M	-12.89M	76.85M	-42.50M	-15.31M
Financing Cash Flow	-6.30M	32.08M	-70.57M	-186.87M	-144.63M	-18.30M

Patrizia Immobilien Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PAT, the sentiment is Positive. The current price of 8.22 is above the 20-day moving average (MA) of 7.60, above the 50-day MA of 7.48, and above the 200-day MA of 7.50, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 67.46 is Neutral, neither overbought nor oversold. The STOCH value of 71.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:PAT.

Patrizia Immobilien Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIH1	81 Outperform	€330.55M	8.33	4.48%	0.40%	20.83%	-54.40%
FC9	71 Outperform	€113.51M	5.14	16.26%	3.91%	-10.75%	199.01%
PAT	69 Neutral	€705.64M	22.33	―	4.26%	0.23%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DMRE	41 Neutral	€46.21M	-0.37	-56.66%	―	-48.02%	-1.65%