GSW Immobilien AG
GSW Immobilien AG, together with its subsidiaries, operates as a housing company in Germany. It engages in the long-term letting and management of real estate portfolios, including residential and commercial units. The company was formerly known as GSW Immobilien GmbH and changed its name to GSW Immobilien AG in March 2010. The company was founded in 1924 and is based in Berlin, Germany. GSW Immo… Read more
GSW Immobilien AG (GIB) - Net Assets
Latest net assets as of June 2022: €6.09 Billion EUR
Based on the latest financial reports, GSW Immobilien AG (GIB) has net assets worth €6.09 Billion EUR as of June 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.26 Billion) and total liabilities (€4.17 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €6.09 Billion |
| % of Total Assets | 59.35% |
| Annual Growth Rate | -8.52% |
| 5-Year Change | -69.44% |
| 10-Year Change | N/A |
| Growth Volatility | 26.44 |
GSW Immobilien AG - Net Assets Trend (2016–2024)
This chart illustrates how GSW Immobilien AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GSW Immobilien AG (2016–2024)
The table below shows the annual net assets of GSW Immobilien AG from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.67 Billion | -2.02% |
| 2023-12-31 | €1.70 Billion | -4.45% |
| 2022-12-31 | €1.78 Billion | -69.54% |
| 2021-12-31 | €5.85 Billion | +7.18% |
| 2020-12-31 | €5.46 Billion | +8.01% |
| 2019-12-31 | €5.05 Billion | +9.51% |
| 2018-12-31 | €4.61 Billion | +13.35% |
| 2017-12-31 | €4.07 Billion | +19.71% |
| 2016-12-31 | €3.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GSW Immobilien AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 60.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.12 Billion | 67.14% |
| Other Components | €548.05 Million | 32.86% |
| Total Equity | €1.67 Billion | 100.00% |
GSW Immobilien AG Competitors by Market Cap
The table below lists competitors of GSW Immobilien AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MediaAlpha Inc.
NYSE:MAX
|
$219.85 Million |
|
Hextar Global Bhd
KLSE:5151
|
$219.90 Million |
|
Shanghai Flyco Electrical Appliance Co Ltd
SHG:603868
|
$219.92 Million |
|
Entrada Therapeutics Inc
NASDAQ:TRDA
|
$220.00 Million |
|
Suqian Unitech Corp. Ltd. Cl A
SHG:603065
|
$219.83 Million |
|
Frequentis AG
VI:FQT
|
$219.80 Million |
|
Xingye Leather Technology Co Ltd
SHE:002674
|
$219.78 Million |
|
KraussMaffei Co Ltd
SHG:600579
|
$219.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GSW Immobilien AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,702,265,522 to 1,667,955,474, a change of -34,310,047 (-2.0%).
- Net income of 45,037,697 contributed positively to equity growth.
- Other factors decreased equity by 79,347,744.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €45.04 Million | +2.7% |
| Other Changes | €-79.35 Million | -4.76% |
| Total Change | €- | -2.02% |
Book Value vs Market Value Analysis
This analysis compares GSW Immobilien AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.88x to 2.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €71.81 | €63.00 | x |
| 2018-12-31 | €81.40 | €63.00 | x |
| 2019-12-31 | €89.15 | €63.00 | x |
| 2020-12-31 | €96.29 | €63.00 | x |
| 2021-12-31 | €103.21 | €63.00 | x |
| 2022-12-31 | €31.43 | €63.00 | x |
| 2023-12-31 | €30.03 | €63.00 | x |
| 2024-12-31 | €29.43 | €63.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GSW Immobilien AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.87%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.10x
- Recent ROE (2.70%) is below the historical average (13.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 26.68% | 251.96% | 0.06x | 1.79x | €566.74 Million |
| 2017 | 18.33% | 271.99% | 0.04x | 1.75x | €339.01 Million |
| 2018 | 13.48% | 163.32% | 0.05x | 1.80x | €160.45 Million |
| 2019 | 10.25% | 122.54% | 0.05x | 1.78x | €12.40 Million |
| 2020 | 8.87% | 85.68% | 0.06x | 1.78x | €-61.60 Million |
| 2021 | 8.06% | 124.64% | 0.04x | 1.77x | €-113.56 Million |
| 2022 | 31.20% | 200.07% | 0.08x | 1.92x | €377.62 Million |
| 2023 | -1.15% | -7.32% | 0.08x | 1.99x | €-189.74 Million |
| 2024 | 2.70% | 13.87% | 0.09x | 2.10x | €-121.76 Million |
Industry Comparison
This section compares GSW Immobilien AG's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $1,177,305,112
- Average return on equity (ROE) among peers: 3.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GSW Immobilien AG (GIB) | €6.09 Billion | 26.68% | 0.68x | $219.84 Million |
| Intea Fastigheter AB (publ) (1DZ0) | $8.99 Billion | 10.06% | 1.40x | $1.74 Billion |
| The RMR Group Inc (26R) | $289.66 Million | 14.60% | 0.32x | $202.36 Million |
| Latvian Forest Company AB (publ) (2FD) | $33.43 Million | 0.82% | 0.28x | $19.45 Million |
| PHN (2PN) | $2.05 Billion | 2.33% | 0.36x | $30.54 Million |
| AMASTEN (4M2B) | $17.10 Million | -53.22% | 0.33x | $207.35 Million |
| ZUEBLIN IMMO.H.NAM.SF22,5 (61Z1) | $138.51 Million | 3.84% | 0.68x | $135.94 Million |
| Accentro Real Estate AG (A4Y) | $153.70 Million | 13.11% | 1.26x | $104.15 |
| Hasen-Immobilien AG (ABHA) | $62.88 Million | 26.88% | 3.42x | $6.07 Million |
| AGROB Immobilien AG (AGR3) | $32.34 Million | 0.04% | 3.66x | $55.86 Million |
| The Grounds Real Estate Development AG (AMM) | $7.44 Million | 15.96% | 2.76x | $6.03 Million |