Patrizia Immobilien (PAT) AI Stock Analysis

• Market Cap: €648.13M
• Dividend Yield: 4.46%
• Average Volume (3M): 37.04K
• Price to Earnings (P/E): 48.6
• Beta (1Y): 0.71
• Revenue Growth: -7.62%
• EPS Growth: N/A
• Country: DE
• Employees: 887
• Sector: Real Estate
• Sector Strength: 56
• Industry: Real Estate - Services
• EPS (TTM): 0.06
• Shares Outstanding: 92,351,480
• 10 Day Avg. Volume: 25,166
• 30 Day Avg. Volume: 37,044
• PEG Ratio: 0.35
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -109.17
• 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: €9.72
• Price Target Upside: 28.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 52 Neutral
• Price Target: €7.50 ▼(-0.66%Downside)

The overall stock score of 52 is primarily influenced by financial performance and technical analysis. Strong gross profit margins and a solid balance sheet are overshadowed by declining revenues and cash flow challenges. Bearish technical indicators further weigh down the score. Valuation concerns with a high P/E ratio and oversold technical conditions suggest caution.

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 AG generates revenue primarily through management fees associated with its real estate investment funds and assets under management. The company earns income by providing fund management services, where it collects fees based on the assets managed on behalf of institutional and private investors. Additionally, Patrizia benefits from performance fees, which are contingent on the success of the investment portfolios it manages. The company also engages in property development and sales, which contribute to its earnings. Strategic partnerships and joint ventures with other real estate entities and financial institutions are significant factors in expanding its investment capabilities and revenue potential.

Patrizia Immobilien Financial Statement Overview

Summary

Patrizia Immobilien has a strong gross profit margin and a robust balance sheet with low leverage. However, it faces challenges with declining revenues, low profitability margins, and deteriorating cash flows, indicating the need for enhanced operational efficiency and cash flow management.

Income Statement

Patrizia Immobilien's revenue has generally declined over the years, with a TTM revenue of €286 million compared to €292 million in 2023. The gross profit margin remains strong at approximately 88.7% TTM, indicating effective cost management. However, the net profit margin is relatively low at 4.5% TTM, highlighting potential profitability issues. The EBIT and EBITDA margins are also modest, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet is stable, with a debt-to-equity ratio of 0.29 TTM, reflecting a conservative approach to leverage. The equity ratio of 62.7% TTM indicates a strong equity base. Return on equity is moderate at 1.2% TTM, suggesting limited returns on shareholder investments. Overall, the balance sheet reflects financial stability with manageable debt levels.

Cash Flow

Patrizia Immobilien faced a significant decline in operating cash flow from €73.8 million in 2023 to €12.2 million TTM, impacting free cash flow, which turned negative at -€6.3 million TTM. The free cash flow to net income ratio is negative, indicating cash flow challenges. These factors highlight potential liquidity concerns and the need for improved cash flow management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	255.67M	292.43M	346.29M	318.16M	301.69M
Gross Profit	238.22M	246.56M	274.67M	296.91M	279.82M
EBITDA	27.75M	38.15M	69.14M	131.35M	110.59M
Net Income	12.87M	-5.81M	7.28M	47.90M	37.70M
Balance Sheet
Total Assets	1.73B	2.00B	2.05B	2.06B	1.96B
Cash, Cash Equivalents and Short-Term Investments	185.09M	350.68M	451.50M	357.01M	495.46M
Total Debt	318.31M	375.92M	276.98M	439.46M	369.40M
Total Liabilities	610.80M	803.32M	720.54M	742.96M	692.58M
Stockholders Equity	1.08B	1.16B	1.26B	1.28B	1.24B
Cash Flow
Free Cash Flow	-7.66M	65.44M	114.97M	22.18M	63.76M
Operating Cash Flow	10.82M	73.83M	120.91M	29.34M	82.87M
Investing Cash Flow	-238.36M	-12.89M	76.85M	-42.50M	-15.31M
Financing Cash Flow	34.18M	-70.57M	-186.87M	-144.63M	-18.30M

Patrizia Immobilien Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 7.55
• 50DMA: Negative
• 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:PAT, the sentiment is Neutral. The current price of 7.55 is below the 20-day moving average (MA) of 8.03, below the 50-day MA of 8.06, and above the 200-day MA of 7.51, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 22.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:PAT.

Patrizia Immobilien Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	€5.12B	18.95	1330.50%	5.40%	1.41%	99.06%
PAT	52 Neutral	€648.13M	48.65	1.19%	4.46%	-7.62%	―
0KG2	―	€67.53M	―	-38.81%	―	―	―
CCAP	―	€48.93M	―		―	―	―
VIH1	70 Outperform	€239.32M	6.62	4.20%	0.55%	2.95%	-72.11%
DEF	―	€133.44M	29.17	10.22%	2.16%	―	―
FC9	71 Outperform	€122.39M	5.60	16.18%	3.81%	-3.72%	149.34%