| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1621.90 | -18 |
| Intrinsic value (DCF) | 1133.66 | -43 |
| Graham-Dodd Method | 1255.70 | -37 |
| Graham Formula | 1121.70 | -43 |
Warteck Invest AG is a Swiss real estate investment company specializing in residential property rentals across Switzerland. Headquartered in Basel, the company owns and manages a diversified portfolio of 56 properties spread across 11 cantons, focusing on high-quality apartments in prime locations. As a key player in Switzerland's stable real estate market, Warteck Invest AG benefits from the country's strong demand for rental housing, driven by population growth and urbanization trends. The company operates in the Real Estate - Services sector, leveraging Switzerland's robust legal framework and economic stability to generate consistent rental income. With a market capitalization of CHF 621.8 million, Warteck Invest AG is well-positioned to capitalize on Switzerland's resilient property market, offering investors exposure to a low-volatility asset class with steady cash flows. The company's strategic focus on residential properties in multiple regions mitigates concentration risk while providing long-term capital appreciation potential.
Warteck Invest AG presents an attractive investment proposition for income-focused investors seeking exposure to Switzerland's stable residential real estate market. The company's low beta of 0.078 indicates minimal correlation with broader market volatility, making it a defensive play. With strong fundamentals including CHF 43.99 million in revenue and CHF 23.08 million net income, Warteck demonstrates solid profitability. The generous dividend of CHF 140 per share (yielding approximately 4.5% based on current market cap) enhances its appeal. However, investors should note the significant debt load (CHF 456.53 million) relative to equity, which could pose refinancing risks in a rising interest rate environment. The company's concentrated Swiss exposure provides stability but limits geographic diversification. Overall, Warteck Invest AG offers a conservative real estate investment with reliable income, suitable for risk-averse portfolios.
Warteck Invest AG competes in Switzerland's fragmented residential real estate market, where its competitive advantage stems from its regional diversification across 11 cantons and focus on quality apartment properties. The company's mid-sized portfolio allows for hands-on management while maintaining scale efficiencies. Compared to larger Swiss real estate firms, Warteck's specialized residential focus provides deeper market knowledge in its niche. The company benefits from Switzerland's tenant-friendly laws and stable rental demand, though this comes with regulatory constraints on rent increases. Warteck's conservative financial management is evidenced by its consistent operating cash flows (CHF 21.02 million) and moderate capital expenditures (CHF 0.72 million), allowing for reliable dividend payments. However, its debt-to-equity ratio appears elevated, potentially limiting financial flexibility versus less leveraged competitors. The company's regional spread mitigates local economic risks but may lack the premium valuations commanded by properties in Zurich or Geneva-centric portfolios. Warteck's competitive positioning is strongest in secondary cities and towns where its local expertise creates barriers to entry for international investors.