| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | n/a | |
| Graham Formula | 1783.40 | 1114525 |
Consus Real Estate AG is a prominent German real estate developer specializing in residential and commercial property development and rental services. Headquartered in Berlin, the company operates under the umbrella of ADLER Group S.A., focusing on urban development projects that integrate planning, construction, and complementary services. Consus Real Estate AG plays a significant role in Germany's real estate sector, catering to the growing demand for high-quality living and commercial spaces. The company's expertise in large-scale development projects positions it as a key player in transforming urban landscapes. Despite financial challenges, Consus remains relevant in the competitive German real estate market, leveraging its subsidiary relationship with ADLER Group for strategic support. Investors and stakeholders recognize its potential in revitalizing urban areas, though its financial performance requires careful evaluation.
Consus Real Estate AG presents a high-risk investment opportunity due to its significant net loss of €1 billion in FY 2021 and negative diluted EPS of -€6,216.45. While the company operates in Germany's stable real estate market, its financial instability raises concerns. The lack of operating cash flow data and high total debt (€120 million) further amplify risks. However, its affiliation with ADLER Group S.A. may provide strategic advantages. Investors should weigh its urban development expertise against its financial health before considering exposure. The dividend payout (€0.285 per share) is a minor positive but insufficient to offset broader concerns.
Consus Real Estate AG competes in Germany's highly fragmented real estate development sector, where scale and access to capital are critical. Its competitive advantage lies in its integrated service model, combining development, planning, and construction under one umbrella. However, its financial distress (evidenced by massive losses and debt) weakens its position against well-capitalized rivals. The company's reliance on ADLER Group for support could provide stability but also limits its autonomy. Unlike competitors with diversified portfolios, Consus focuses primarily on large-scale urban projects, exposing it to cyclical demand risks. Its beta of 0.57 suggests lower volatility than the market, but this may reflect illiquidity rather than stability. The lack of operating cash flow data makes it difficult to assess its operational efficiency compared to peers. To regain competitiveness, Consus must address its balance sheet issues and demonstrate sustainable project profitability.