Allreal ALLN.SW
SwitzerlandReal Estate · Real Estate - DiversifiedSIX Swiss Exchange · CHF
219.50 CHF (+18.0%)
2 analysts
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Allreal is a diversified Swiss real estate company that develops, owns, and manages residential and commercial properties, mainly in the Zurich region, generating income from rents and project sales.
Listed on SIX Swiss Exchange · Symbol ALLN.SW · SWX: ALLN · Currency CHF
Key points
from its scores- ✓Favourable backdrop7.8
- ✕Fragile balance sheet2.7
- ✕Weak growth3.5
- ✕Demanding valuation4.2
AI analysis
bottom line, main risk, context and newsExtreme leverage and rate sensitivity make the risk outweigh the short-term revaluation potential.
Allreal has a highly leveraged balance sheet (Net Debt/EBITDA of 15.3x) and negative earnings growth (-9.6%), making it vulnerable to the rising rate environment. Its valuation (P/B of 1.12) seems contained, but the EV/EBITDA multiple of 32x and pressure on real estate assets limit its appeal.
The main risk is extreme financial leverage (Net Debt/EBITDA of 15.3x) in a rising rate environment, which makes refinancing more expensive and pressures the valuation of its real estate assets.
Context and risks
Allreal is a Swiss real estate company with very high leverage (Net Debt/EBITDA of 15.3x), directly exposed to tighter financial conditions and rising long-term rates. Its position in the 9th percentile of the 52-week range shows the market is already pricing in some of this pressure, but refinancing risk and the impact on asset values remain material.
Is Allreal stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 27% below the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 14.8 | 21.6 | −32% |
| EV / EBITDA | 32.0 | 18.5 | +73% |
| Price / book | 1.1 | 1.4 | −21% |
| Price / sales | 7.0 | 6.3 | +11% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.2 out of 10 (median for Real Estate: 4.9).
Average analyst target: 219.50 CHF, +18.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.7 (sector 5.5), Growth 3.5 (sector 5.7).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 14.8
- Forward P/E
- 23.5
- EV / EBITDA
- 32.0
- Price / book
- 1.1
- Price / sales
- 7.0
- PEG
- 6.23
- Market cap
- 3.1B CHF
- Enterprise value
- 5.9B CHF
Profitability
- ROE
- 7.7%
- ROA
- 1.9%
- ROIC (approx.)
- 3.5%
- Gross margin
- 53.2%
- Operating margin
- 43.9%
- Net margin
- 47.4%
- Free cash flow
- 79.5M CHF
- FCF yield
- 2.6%
- Cash conversion
- 43%
Solvency
- Total debt
- 2.8B CHF
- Net debt
- 2.8B CHF
- Cash
- 11.6M CHF
- EBITDA
- 183.4M CHF
- Net debt / EBITDA
- 15.30
- Debt / equity
- 102.97
- Current ratio
- 0.62
- Quick ratio
- 0.05
Growth
- Revenue growth
- +1.0%
- Earnings growth
- −9.6%
- EPS (TTM)
- 12.60 CHF
- EPS (forward)
- 7.91 CHF
Dividend
- Dividend yield
- 3.8%
- Payout
- 55.6%
Risk and market
- Beta
- 0.51
- Analyst consensus
- Hold (2)
- Target price
- 219.50 CHF
- 52-week range
- 180.80 – 238.50
Recent news
All ALLN.SW news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about Allreal
Is Allreal stock cheap or expensive?
On P/E and Price / book, it trades 27% below the Real Estate median on average. Valuation score: 4.2 out of 10 (median for Real Estate: 4.9). Average analyst target: 219.50 CHF, +18.0% versus the price. This is not investment advice.
What score does Allreal get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,798 of 2,130 (better than 14% of the companies analysed). Its strongest category is Risk & Context (7.8) and its weakest, Financial health (2.7). Analysis of 08/10/2026.
What is Allreal's P/E ratio?
Its P/E is 14.8: the share price equals 14.8 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 23.5.
How much is Allreal worth on the stock market?
Its market capitalisation is 3.1B CHF.
Does Allreal pay a dividend?
Yes: its dividend yield is 3.76% and it pays out 56% of its earnings.
How has Allreal stock performed over the last year?
It has risen 5.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 180.80 and 238.50 CHF. Past performance does not guarantee future results.
What do analysts think of Allreal?
2 analysts cover it; their average recommendation is “Hold” and their average target is 219.50 CHF (+18.0% versus the price). It is an estimate, not market data.