Branicks Group AG

Branicks Group AG exhibits a highly leveraged capital structure, with a debt-to-equity ratio of 2.81, indicating significant reliance on debt financing. The company holds 345.55 million EUR in cash and equivalents, but this is insufficient to cover its 2.94 billion EUR in long-term debt, resulting in a negative net cash position. The current ratio of 1.06 suggests limited short-term liquidity, as current assets barely cover current liabilities. Free cash flow of 27.99 million EUR is modest relative to the company's total liabilities, limiting its ability to service debt or fund growth initiatives.

Profitability metrics are sharply negative, with a return on equity of -4.26% and a return on assets of -0.92%, both well below the industry median for real estate firms. Operating income is negative at -36.73 million EUR, and net income is -44.55 million EUR, indicating a significant operating loss. Gross profit of 56.36 million EUR is insufficient to cover operating expenses, highlighting inefficiencies in cost management.

The company's revenue is not segmented by geographic region or business line in the available data, but its exposure is likely concentrated in its core real estate markets. The absence of disclosed geographic diversification increases vulnerability to regional economic downturns. No material revenue concentration is explicitly reported, but the lack of segment data limits visibility into geographic or product diversification.

Growth prospects are constrained by the company's current financial position. Revenue of 70.83 million EUR in the latest period is not accompanied by a clear growth trajectory, and no forward-looking guidance is provided in the available data. Analysts have assigned a mean price target of 3.24 EUR and a median of 2.02 EUR, with a mean recommendation of 3.00 (neutral), suggesting limited upside potential. The absence of disclosed capital expenditure plans beyond 145,000 EUR in the latest period indicates minimal investment in growth.

The company faces moderate liquidity risk due to its high debt load and limited free cash flow. The risk assessment flags a negative net cash position after subtracting total debt, which could pressure liquidity in the event of rising interest rates or covenant violations. Dilution risk is currently low, as shares outstanding have not changed between basic and diluted counts, and no recent equity issuance is disclosed. However, the company's negative net income and high leverage could necessitate future dilutive financing.

Recent filings and transcripts are not explicitly detailed in the available data, but the company's operating cash flow of 97.05 million EUR suggests some level of operational resilience despite its net loss. No material recent events are disclosed that would significantly alter the company's risk profile or growth outlook.

The company maintains a substantial book value of EUR 1.04 billion, providing a potential asset base for recovery.

Long-term debt decreased to EUR 2.3 billion in 2025, indicating a reduction in leverage compared to prior years.

Analysts maintain a mean price target of EUR 3.24, suggesting some market expectation for future valuation.

The debt-to-equity ratio stands at 2.81, significantly higher than the cohort median of 0.52.

The company faces high credit risk and medium liquidity risk, signaling severe financial stability concerns.

Revenue €51.8M, −20,1% YoY; Operating income −4 211,0% YoY.

• ▍Revenue €51.8M, −20,1% YoY
• ▍Operating income −4 211,0% YoY
• ▍Net income −327,6% YoY
• ▍Free cash flow +178,9% YoY
• ▍Net margin -218.9%

Revenue €53.3M, −17,1% YoY; Operating income +104,9% YoY.

• ▍Revenue €53.3M, −17,1% YoY
• ▍Operating income +104,9% YoY
• ▍Net income +91,6% YoY
• ▍Free cash flow +11,3% YoY
• ▍Net margin -14.6%

Revenue €54.4M, −11,9% YoY; Operating income −81,4% YoY.

• ▍Revenue €54.4M, −11,9% YoY
• ▍Operating income −81,4% YoY
• ▍Net income −61,2% YoY
• ▍Free cash flow −1,2% YoY
• ▍Net margin -27.7%

Revenue €60.7M, −14,3% YoY; Operating income −463,8% YoY.

• ▍Revenue €60.7M, −14,3% YoY
• ▍Operating income −463,8% YoY
• ▍Net income −243,4% YoY
• ▍Free cash flow +17,3% YoY
• ▍Net margin -252.0%

Revenue €64.9M; Operating income €3.4M.

• ▍Revenue €64.9M
• ▍Operating income €3.4M
• ▍Net margin -40.9%

Revenue €70.8M; Operating income -€36.7M.

• ▍Revenue €70.8M
• ▍Operating income -€36.7M
• ▍Net margin -62.9%

Revenue €251.6M, −7,5% YoY; Operating income −14 577,9% YoY.

• ▍Revenue €251.6M, −7,5% YoY
• ▍Operating income −14 577,9% YoY
• ▍Net income −326,2% YoY
• ▍Free cash flow −195,5% YoY
• ▍Net margin -111.7%

Revenue €272.0M, −8,0% YoY; Operating income −98,0% YoY.

• ▍Revenue €272.0M, −8,0% YoY
• ▍Operating income −98,0% YoY
• ▍Net income −312,6% YoY
• ▍Free cash flow −1 409,0% YoY
• ▍Net margin -24.2%

Revenue €295.6M, +27,0% YoY; Operating income −12,2% YoY.

• ▍Revenue €295.6M, +27,0% YoY
• ▍Operating income −12,2% YoY
• ▍Net income −46,3% YoY
• ▍Free cash flow −71,1% YoY
• ▍Net margin 10.5%

Revenue €232.8M, +14,9% YoY; Operating income +8,9% YoY.

• ▍Revenue €232.8M, +14,9% YoY
• ▍Operating income +8,9% YoY
• ▍Net income −17,4% YoY
• ▍Free cash flow −18,5% YoY
• ▍Net margin 24.8%

Revenue €202.6M; Operating income €106.2M.

• ▍Revenue €202.6M
• ▍Operating income €106.2M
• ▍Net margin 34.6%