TAG Immobilien TEG.DE
GermanyReal Estate · Real Estate - DiversifiedXetra · EUR
17.28 EUR (+60.9%)
9 analysts
Trading 2120.00 €Open account ↗
XTB0.00 €affiliateOpen account ↗
eToro0.86 €Open account ↗XTB0.00 €★ featured · affiliateOpen account ↗Trading 2120.00 €Open account ↗eToro0.86 €Open account ↗XTB0.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
TAG Immobilien AG is a German real estate company that owns and manages a portfolio of residential rental apartments, mainly in northern and eastern Germany, generating recurring rental income.
Listed on Xetra · Symbol TEG.DE · ETR: TEG · Currency EUR
Key points
from its scores- ✕Little or no dividend1.6
- ✕Poor share-price trend2.3
- ✕Weak growth2.6
AI analysis
bottom line, main risk, context and newsThe risk profile is high due to extreme leverage and falling earnings, and the dividend is not covered.
TAG Immobilien presents very weak financial health (Net Debt/EBITDA of 11.15) and negative earnings growth (-43.8%), reflecting a business under pressure. Its valuation is cheap (P/B of 0.62), but high leverage and the rising interest rate environment in Europe make the risk of refinancing and dividend cut (payout of 222%) high.
The main risk is extreme leverage (Net Debt/EBITDA of 11.15) in a rising interest rate environment, which makes refinancing more expensive and pressures the valuation of real estate assets.
Context and risks
TAG Immobilien operates in the German residential real estate sector, where rent regulation (Mietendeckel) and housing policies can limit rental income growth. Additionally, its high leverage (Net Debt/EBITDA of 11.15) makes it sensitive to a rising interest rate environment in Europe, although the ECB has already raised rates and the market prices in further hikes, which pressures refinancing costs and the valuation of its assets.
Is TAG Immobilien stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 60% above the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 59.7 | 21.6 | +176% |
| EV / EBITDA | 17.7 | 18.5 | −4% |
| Price / book | 0.6 | 1.4 | −57% |
| Price / sales | 2.0 | 6.3 | −68% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.9 out of 10 (median for Real Estate: 4.9).
Average analyst target: 17.28 EUR, +60.9% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.6 (sector 5.2), Growth 2.6 (sector 5.7).
Classic formulas with standard assumptions (10.0% 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
- 59.7
- Forward P/E
- 8.6
- EV / EBITDA
- 17.7
- Price / book
- 0.6
- Price / sales
- 2.0
- PEG
- 6.69
- Market cap
- 2.0B EUR
- Enterprise value
- 5.8B EUR
Profitability
- ROE
- 1.6%
- ROA
- 2.3%
- ROIC (approx.)
- 4.5%
- Gross margin
- 47.9%
- Operating margin
- 33.0%
- Net margin
- 5.4%
- Free cash flow
- 91.2M EUR
- FCF yield
- 4.5%
- Cash conversion
- 28%
Solvency
- Total debt
- 4.2B EUR
- Net debt
- 3.6B EUR
- Cash
- 555.6M EUR
- EBITDA
- 325.6M EUR
- Net debt / EBITDA
- 11.15
- Debt / equity
- 124.20
- Current ratio
- 0.87
- Quick ratio
- 0.35
Growth
- Revenue growth
- +3.2%
- Earnings growth
- −43.8%
- EPS (TTM)
- 0.18 EUR
- EPS (forward)
- 1.25 EUR
Dividend
- Dividend yield
- 3.7%
- Payout
- 222.2%
Risk and market
- Beta
- 1.38
- Analyst consensus
- Strong buy (9)
- Target price
- 17.28 EUR
- 52-week range
- 10.64 – 16.80
Recent news
All TEG.DE news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about TAG Immobilien
Is TAG Immobilien stock cheap or expensive?
On P/E and Price / book, it trades 60% above the Real Estate median on average. Valuation score: 5.9 out of 10 (median for Real Estate: 4.9). Average analyst target: 17.28 EUR, +60.9% versus the price. This is not investment advice.
What score does TAG Immobilien get on MeridIAn Screener?
It scores 3.5 out of 10, rank 2,036 of 2,130 (better than 4% of the companies analysed). Its strongest category is Valuation (5.9) and its weakest, Dividend (1.6). Analysis of 08/10/2026.
What is TAG Immobilien's P/E ratio?
Its P/E is 59.7: the share price equals 59.7 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 8.6.
How much is TAG Immobilien worth on the stock market?
Its market capitalisation is 2.0B EUR.
Does TAG Immobilien pay a dividend?
Yes: its dividend yield is 3.72% and it pays out 222% of its earnings.
How has TAG Immobilien stock performed over the last year?
It has fallen 25.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 10.64 and 16.80 EUR. Past performance does not guarantee future results.
What do analysts think of TAG Immobilien?
9 analysts cover it; their average recommendation is “Strong buy” and their average target is 17.28 EUR (+60.9% versus the price). It is an estimate, not market data.