| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 36.17 | 819 |
| Intrinsic value (DCF) | 0.94 | -76 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
DIC Asset AG is a leading German-listed real estate company specializing in commercial properties, with a strong regional presence across major German markets. The company manages a diversified portfolio valued at approximately €5.6 billion, leveraging a hybrid business model that includes Commercial Portfolio, Funds, and Other Investments divisions. DIC Asset AG employs an active asset management strategy, utilizing its proprietary real estate management platform to enhance capital appreciation and revenue growth. The Commercial Portfolio division (€1.7 billion AUM) focuses on direct property ownership and value optimization, while the Funds division (€1.6 billion AUM) caters to institutional investors through specialized real estate funds. The Other Investments segment (€2.3 billion AUM) includes strategic financial investments, third-party property management, and joint ventures. Listed on the SDAX® segment of the Frankfurt Stock Exchange since 2006 and included in the EPRA index, DIC Asset AG is a key player in the European real estate sector, known for its integrated approach and regional expertise.
DIC Asset AG presents a mixed investment profile. The company's diversified portfolio and active asset management strategy provide stability, but its recent financial performance raises concerns, with a net income of -€281.1 million and negative EPS of -€3.36 in the latest fiscal year. The high total debt of €2.3 billion and lack of dividend payments may deter income-focused investors. However, its inclusion in the EPRA index and strong regional footprint in Germany's commercial real estate market offer long-term growth potential. Investors should weigh the risks of leverage and market volatility against the company's asset base and hybrid business model.
DIC Asset AG competes in the German commercial real estate market with a hybrid business model that combines direct property ownership, fund management, and strategic investments. Its competitive advantage lies in its regional expertise, integrated management platform, and diversified portfolio. However, the company faces stiff competition from larger European real estate firms with greater scale and international presence. DIC's focus on active asset management allows it to optimize property values, but its high debt levels and recent losses may limit its ability to capitalize on market opportunities. The company's inclusion in the EPRA index enhances its visibility among institutional investors, but its smaller market cap (~€328.8 million) compared to peers may restrict access to capital. DIC's regional concentration in Germany provides deep market knowledge but also exposes it to localized economic risks.