Phoenix Spree Deutschland Ltd (GB:PSDL)
LSE:PSDL
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Phoenix Spree Deutschland Ltd
(LSE:PSDL)
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Rating:56Neutral
Price Target:
183.00 p
▲(8.61% Upside)
Action:Reiterated
Date:04/28/26
The score is primarily held back by weak and highly volatile financial performance (sharp revenue decline and ongoing losses), partially offset by a de-levered balance sheet (zero debt) and positive recent free cash flow. Technicals are supportive with the stock trading above key moving averages and positive MACD, while valuation is constrained by a negative P/E and no available dividend yield.
Positive Factors
De-levered balance sheet (zero debt)
Reporting zero total debt with a substantial equity base materially reduces financial distress risk and interest burden. Over 2–6 months this improves liquidity flexibility, refinancing optionality and downside protection, supporting stability while operations are restructured.
Negative Factors
Severe revenue collapse
A ~79% YoY revenue decline signals loss of demand, asset monetization or operational disruption that materially weakens core earnings power. Sustained or recurring revenue weakness undermines scale economics and makes recovery dependent on meaningful operational turnaround or market repositioning.
Read all positive and negative factors
Positive Factors
Negative Factors
De-levered balance sheet (zero debt)
Reporting zero total debt with a substantial equity base materially reduces financial distress risk and interest burden. Over 2–6 months this improves liquidity flexibility, refinancing optionality and downside protection, supporting stability while operations are restructured.
Read all positive factors
Phoenix Spree Deutschland Ltd (PSDL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£155.19M
Dividend YieldN/A
Average Volume (3M)31.01K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.07
Shares Outstanding91,827,360
10 Day Avg. Volume27,346
30 Day Avg. Volume31,014
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)0.66
Price to Sales (P/S)34.25
P/FCF Ratio54.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Phoenix Spree Deutschland Ltd Business Overview & Revenue Model
Company Description
Phoenix Spree Deutschland Limited is a real estate investment company that concentrates its capital on mid-market opportunities. The firm primarily acquires residential, commercial, and multi-family properties, with its strategic geographical focu...
Phoenix Spree Deutschland Ltd Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
55
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.18M | -20.24M | -90.59M | 25.93M | 25.79M |
| Gross Profit | 5.18M | -20.24M | -90.59M | 25.93M | 25.79M |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -6.42M | -38.90M | -98.11M | -15.44M | 37.31M |
Balance Sheet | |||||
| Total Assets | 586.51M | 612.51M | 709.03M | 815.33M | 826.27M |
| Cash, Cash Equivalents and Short-Term Investments | 33.96M | 46.52M | 11.00M | 12.48M | 10.44M |
| Total Debt | 0.00 | 267.45M | 321.24M | 312.08M | 294.12M |
| Total Liabilities | 315.43M | 334.97M | 391.40M | 398.94M | 382.64M |
| Stockholders Equity | 269.76M | 276.17M | 315.07M | 413.18M | 440.04M |
Cash Flow | |||||
| Free Cash Flow | 3.25M | 10.20M | 6.79M | -11.54M | 7.99M |
| Operating Cash Flow | 3.38M | 10.25M | 6.85M | 1.69M | 7.99M |
| Investing Cash Flow | 11.88M | 45.13M | -7.73M | -8.18M | 4.30M |
| Financing Cash Flow | -27.82M | -19.86M | -606.00K | 8.53M | -38.84M |
Phoenix Spree Deutschland Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £1.56B | 7.73 | 12.69% | 5.71% | 12.54% | 29.71% | |
68 Neutral | £350.91M | 16.26 | 5.35% | 5.88% | -0.42% | -13.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | £1.24B | 9.42 | 6.53% | 3.62% | -23.35% | 20.53% | |
61 Neutral | £49.32M | 11.62 | 3.61% | 3.92% | -4.65% | -36.18% | |
56 Neutral | £155.19M | -27.87 | -2.38% | ― | ― | ― | |
51 Neutral | £234.34M | 41.49 | 1.34% | 2.71% | 4.03% | -79.67% |
* Real Estate Sector Average
GB:PSDL
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169.00
-1.50
-0.88%
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Phoenix Spree Deutschland Ltd Corporate Events
Business Operations and Strategy
Phoenix Spree Advisor QSix Increases Stake Through Reinvestment of Fees
Positive
Apr 24, 2026
Phoenix Spree Deutschland Limited has announced that its property advisor, QSix Residential Limited, has purchased an additional 59,812 ordinary shares in the company at an average price of 178 pence per share. This latest transaction brings QSix&...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Phoenix Spree speeds Berlin condo sales and launches first capital return
Positive
Apr 23, 2026
Phoenix Spree Deutschland reported a narrower pre-tax loss of €13.6m for 2025 as its portfolio value stabilised at €540.1m and like-for-like valuations in Berlin showed modest growth. Gross rental income declined as assets were prepare...
Business Operations and Strategy
Phoenix Spree launches first £17.5m capital return via share redemption
Positive
Apr 23, 2026
Phoenix Spree Deutschland Limited has launched the first capital return under its managed portfolio realisation strategy, tied to the orderly sale of its Berlin residential assets and the distribution of surplus proceeds to investors. The company ...
Business Operations and StrategyRegulatory Filings and Compliance
Phoenix Spree Cancels Treasury Shares as Realisation Strategy Advances
Positive
Apr 21, 2026
Phoenix Spree Deutschland Limited has cancelled all 8,924,047 of its ordinary shares previously held in treasury, a move the board says aligns with its managed portfolio realisation strategy approved by shareholders in March 2025. Following this c...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Phoenix Spree Deutschland Boosts Portfolio Values and Condominium Sales, Plans 2026 Capital Return
Positive
Feb 6, 2026
Phoenix Spree Deutschland reported a return to valuation growth across its Berlin residential portfolio in 2025, with the overall portfolio value up 1.5% on a like-for-like per square metre basis to €540.1m, marking stabilisation in its Priv...
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.