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1. Company Snapshot

1.a. Company Description

IMMOFINANZ AG acquires, develops, owns, rents, and manages properties primarily in Austria, Germany, Poland, the Czech Republic, Hungary, Romania, Slovakia, and the Adriatic region.It develops office, retail, and other properties.The company manages offices under myhive brand; retail parks under STOP SHOP brand; and shopping centers under VIVO! brand.


As of December 31, 2021, it had a property portfolio of approximately 225 properties.IMMOFINANZ AG was founded in 1990 and is headquartered in Vienna, Austria.

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1.b. Last Insights on IIA

IMMOFINANZ AG's recent stock performance has been positively driven by its undervaluation, with the stock estimated to be trading below its intrinsic value. This is likely due to the company's strong fundamentals, including its diversified real estate portfolio and solid financial position. Additionally, the company's focus on value-creating acquisitions and strategic asset management is expected to drive long-term growth. Furthermore, the recent market volatility has created opportunities for value investors, making IMMOFINANZ AG an attractive option.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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European Value Stocks Trading Below Estimated Worth In March 2025

Mar -13

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3 Stocks Estimated To Be Undervalued In February 2025

Feb -12

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January 2025's Top 3 Stocks Estimated To Be Trading Below Their Intrinsic Value

Jan -13

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Xvivo Perfusion And 2 More Stocks Estimated To Be Trading Below Their Intrinsic Value

Dec -13

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.33%)

6. Segments

Office

Expected Growth: 3.5%

The 3.5% growth of Office segment from IMMOFINANZ AG is driven by increasing demand for high-quality office spaces, particularly in urban areas, fueled by growing service sector and digitalization. Additionally, the company's strategic focus on modernization and refurbishment of existing properties, as well as expansion into new markets, contributes to the growth.

Retail

Expected Growth: 3.8%

IMMOFINANZ AG's Retail segment growth of 3.8% is driven by increasing foot traffic in prime locations, successful re-leasing of vacant spaces, and a strong brand mix. Additionally, the company's focus on omnichannel retailing, investments in digitalization, and strategic partnerships with retailers contribute to the growth.

Reconciling Items

Expected Growth: 2.5%

IMMOFINANZ AG's 2.5% growth is driven by increasing rental income from its diversified property portfolio, strategic acquisitions, and cost savings from operational efficiencies. Additionally, the company's focus on office and retail properties in Central Europe, particularly in Germany and Austria, contributes to its growth. Furthermore, IMMOFINANZ AG's strong balance sheet and access to capital markets support its expansion plans.

Other

Expected Growth: 4.2%

IMMOFINANZ AG's 4.2% growth is driven by increasing demand for commercial properties, strategic acquisitions, and a strong focus on asset management. Additionally, the company's diversified portfolio across Europe and its ability to adapt to changing market conditions have contributed to its growth.

7. Detailed Products

Office Properties

IMMOFINANZ AG offers high-quality office spaces for rent, providing modern and flexible work environments for businesses of all sizes.

Retail Properties

IMMOFINANZ AG provides retail spaces for rent, offering prime locations and tailored solutions for retailers to showcase their products.

Logistics and Industrial Properties

IMMOFINANZ AG offers logistics and industrial properties for rent, providing flexible and efficient solutions for businesses with storage and distribution needs.

Hotel Properties

IMMOFINANZ AG provides hotel properties for rent, offering tailored solutions for hotel operators and investors.

Residential Properties

IMMOFINANZ AG offers residential properties for rent, providing modern and comfortable living spaces for individuals and families.

8. IMMOFINANZ AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for IMMOFINANZ AG is medium due to the presence of alternative investment options in the real estate market.

Bargaining Power Of Customers

The bargaining power of customers is low for IMMOFINANZ AG as the company operates in a niche market with limited competition.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for IMMOFINANZ AG as the company relies on a few key suppliers for its operations.

Threat Of New Entrants

The threat of new entrants is low for IMMOFINANZ AG due to the high barriers to entry in the real estate market.

Intensity Of Rivalry

The intensity of rivalry is high for IMMOFINANZ AG due to the competitive nature of the real estate market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 53.33%
Debt Cost 5.67%
Equity Weight 46.67%
Equity Cost 9.52%
WACC 7.47%
Leverage 114.28%

11. Quality Control: IMMOFINANZ AG passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
NEPI Rockcastle

A-Score: 6.0/10

Value: 5.9

Growth: 6.4

Quality: 6.9

Yield: 10.0

Momentum: 3.0

Volatility: 4.0

1-Year Total Return ->

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Stock-Card
PSP Swiss Property

A-Score: 5.7/10

Value: 3.1

Growth: 2.8

Quality: 6.3

Yield: 5.6

Momentum: 6.5

Volatility: 10.0

1-Year Total Return ->

View Full Report
Stock-Card
FastPartner

A-Score: 5.6/10

Value: 4.2

Growth: 3.4

Quality: 5.2

Yield: 6.9

Momentum: 5.0

Volatility: 9.0

1-Year Total Return ->

View Full Report
Stock-Card
ImmoFinanz

A-Score: 4.5/10

Value: 5.6

Growth: 5.3

Quality: 5.7

Yield: 0.6

Momentum: 4.0

Volatility: 6.0

1-Year Total Return ->

View Full Report
Stock-Card
Catena

A-Score: 4.4/10

Value: 3.1

Growth: 4.4

Quality: 6.4

Yield: 3.1

Momentum: 1.5

Volatility: 8.0

1-Year Total Return ->

View Full Report
Stock-Card
Balder

A-Score: 3.8/10

Value: 4.3

Growth: 5.6

Quality: 5.8

Yield: 0.0

Momentum: 2.5

Volatility: 5.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

15.7$

Current Price

15.7$

Potential

-0.00%

Expected Cash-Flows