Financials Douglas Emmett, Inc. Deutsche Boerse AG

Equities

D8K

US25960P1093

Commercial REITs

Market Closed - Deutsche Boerse AG 11:50:01 14/06/2024 am IST 5-day change 1st Jan Change
12.4 EUR +0.81% Intraday chart for Douglas Emmett, Inc. -0.80% -6.77%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,698 5,117 5,879 2,756 2,418 2,226 - -
Enterprise Value (EV) 1 12,163 9,690 10,555 7,679 7,438 7,321 7,428 7,514
P/E ratio 21 x 104 x 90.5 x 28.5 x -55.8 x -41.6 x -25.4 x -34.4 x
Yield 2.41% 3.84% 3.34% 6.57% 5.24% 5.74% 5.83% 5.89%
Capitalization / Revenue 8.22 x 5.74 x 6.4 x 2.77 x 2.37 x 2.28 x 2.26 x 2.16 x
EV / Revenue 13 x 10.9 x 11.5 x 7.73 x 7.29 x 7.49 x 7.55 x 7.29 x
EV / EBITDA 20.3 x 17.7 x 18.4 x 12.5 x 12.2 x 12.2 x 12.4 x 11.9 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.81 x 2.45 x 2.86 x 1.27 x 1.32 x 1.32 x 1.49 x 1.7 x
Nbr of stocks (in thousands) 1,75,349 1,75,375 1,75,486 1,75,789 1,66,738 1,67,379 - -
Reference price 2 43.90 29.18 33.50 15.68 14.50 13.30 13.30 13.30
Announcement Date 11/02/20 09/02/21 08/02/22 07/02/23 06/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 936.7 891.5 918.4 993.7 1,020 978.1 984.2 1,030
EBITDA 1 600.5 546.5 572.4 614.4 609.6 600.2 600.3 630.9
EBIT 1 242.7 161.3 201.2 241.6 149.7 200 152.8 155.4
Operating Margin 25.91% 18.09% 21.9% 24.32% 14.67% 20.45% 15.52% 15.08%
Earnings before Tax (EBT) 1 418.7 38.55 56.13 96.54 -75.84 7.7 -86.26 -102.9
Net income 1 363.7 50.42 65.27 97.14 -42.71 -26.59 -75.08 -57.03
Net margin 38.83% 5.66% 7.11% 9.78% -4.18% -2.72% -7.63% -5.53%
EPS 2 2.090 0.2800 0.3700 0.5500 -0.2600 -0.3198 -0.5230 -0.3863
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.060 1.120 1.120 1.030 0.7600 0.7629 0.7758 0.7836
Announcement Date 11/02/20 09/02/21 08/02/22 07/02/23 06/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 238.9 238.9 247 253.7 254.1 252.4 253.4 255.4 259.3 245 246.9 244.4 240.2 239 241.1
EBITDA 1 147.4 150.1 153.4 154.1 156.8 151.8 153.3 150.7 153.8 150.3 151.2 148.9 145.8 151 148.9
EBIT 1 55.95 60.73 59.49 57.8 63.61 58.62 31.71 28.67 30.66 54.56 49.3 47.89 47.11 39.3 31.99
Operating Margin 23.42% 25.42% 24.09% 22.79% 25.03% 23.23% 12.52% 11.23% 11.83% 22.27% 19.96% 19.6% 19.61% 16.44% 13.27%
Earnings before Tax (EBT) 1 18.82 26.26 23.84 21.21 25.23 16.16 -15.07 -21.02 -55.91 6.131 4.5 2.7 -8.694 -7.323 -14.05
Net income 1 19.33 25.51 24.37 22.96 24.3 18.37 -7.262 -13.36 -40.46 8.909 -1.173 -6.298 -14.05 -8.916 -13.97
Net margin 8.09% 10.68% 9.87% 9.05% 9.56% 7.28% -2.87% -5.23% -15.6% 3.64% -0.48% -2.58% -5.85% -3.73% -5.79%
EPS 2 0.1100 0.1400 0.1400 0.1300 0.1400 0.1000 -0.0400 -0.0800 -0.2400 0.0500 -0.0250 -0.0700 -0.1025 -0.1100 -
Dividend per Share 2 0.2800 0.2800 0.2800 0.2800 0.1900 0.1900 0.1900 0.1900 0.1900 - 0.1900 0.1900 0.1900 0.1940 0.1950
Announcement Date 08/02/22 03/05/22 01/08/22 03/11/22 07/02/23 02/05/23 01/08/23 31/10/23 06/02/24 07/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,465 4,573 4,676 4,923 5,020 5,095 5,202 5,288
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.437 x 8.367 x 8.169 x 8.012 x 8.235 x 8.489 x 8.666 x 8.382 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 2.18% 1.96% 2.69% 3.9% -1.79% 0.01% -2.98% -2.46%
ROA (Net income/ Total Assets) 0.63% 0.54% 0.7% 1.02% -0.44% -0.49% -0.88% -0.72%
Assets 1 57,422 9,299 9,302 9,551 9,695 5,483 8,523 7,898
Book Value Per Share 2 15.60 11.90 11.70 12.40 10.90 10.10 8.920 7.840
Cash Flow per Share - - - 2.830 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 11/02/20 09/02/21 08/02/22 07/02/23 06/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
13.3 USD
Average target price
13.92 USD
Spread / Average Target
+4.64%
Consensus
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  5. Financials Douglas Emmett, Inc.