Deutsche Konsum Real Estate AG

Deutsche Konsum Real Estate AG maintains a capital structure characterized by significant leverage, with long-term debt of €474.7 million against total equity of €300.3 million, resulting in a debt-to-equity ratio of 1.58. The company’s liquidity position is constrained, evidenced by a current ratio of 0.68, which indicates that current liabilities exceed current assets. Despite generating €15.6 million in operating cash flow, the firm reports negative free cash flow of -€54.9 million, reflecting substantial cash outflows that exceed operational generation. The market values the equity at a discount to book value, with a price-to-book ratio of 0.44, suggesting the market perceives the asset base or earnings power as impaired relative to the balance sheet.

Profitability metrics are currently negative, with a return on equity of -2.67% and a return on assets of -0.98%. The company reported an operating income of -€55.6 million and a net income of -€55.0 million for the latest period, despite generating €88.0 million in revenue. This disconnect between positive revenue and negative operating income suggests high fixed costs, depreciation, or interest expenses that outweigh gross profit generation. The gross profit of €39.0 million represents a gross margin of approximately 44%, but this is insufficient to cover operating and financing costs. Without cohort median data for direct comparison, the negative returns indicate a period of financial stress or significant one-time charges impacting the bottom line.

Revenue €88.0M, −9,6% YoY; Operating income −250,0% YoY.

• ▍Revenue €88.0M, −9,6% YoY
• ▍Operating income −250,0% YoY
• ▍Net income −2 894,4% YoY
• ▍Free cash flow −2 892,6% YoY
• ▍Net margin -62.5%

Revenue €97.4M, +1,3% YoY; Operating income +131,7% YoY.

• ▍Revenue €97.4M, +1,3% YoY
• ▍Operating income +131,7% YoY
• ▍Net income +101,1% YoY
• ▍Free cash flow +101,1% YoY
• ▍Net margin 2.0%

Revenue €96.1M, +8,8% YoY; Operating income −271,9% YoY.

• ▍Revenue €96.1M, +8,8% YoY
• ▍Operating income −271,9% YoY
• ▍Net income −399,7% YoY
• ▍Free cash flow −499,9% YoY
• ▍Net margin -188.3%

Revenue €88.3M, +10,0% YoY; Operating income −30,5% YoY.

• ▍Revenue €88.3M, +10,0% YoY
• ▍Operating income −30,5% YoY
• ▍Net income −33,9% YoY
• ▍Free cash flow −40,1% YoY
• ▍Net margin 68.3%

Revenue €80.3M; Operating income €97.9M.

• ▍Revenue €80.3M
• ▍Operating income €97.9M
• ▍Net margin 113.7%