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Recent

v0.1
PAT.DE$7.42-1.05%
Fair $7.42+0.0%

PAT.DE

PATRIZIA SE

Real Estate / Real Estate ServicesXETRA

$7.42

-0.08 (-1.05%)

Fairly Valued+0.0%Fair Value $7.42Fund rank 34/100 · Data gapFallback financials|
SA 38/D
F-Score: 7/9
Low Profitability

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 4.0/100

Data gap 34/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 51/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

38/100

D

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. ROE is 1.6%, below the 5% threshold
Thesis & Journal · PAT.DELocal privado en este navegador · PATRIZIA SE
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$642M

P/E

37.1x

↑

EV/EBITDA

13.8x

↑

ROE

1.6%

↓

Gross Margin

92.8%

↑

Debt/Equity

0.29

↓
52-Week Range$7
$7$9

TradingView lightweight chart

PAT.DE price, volumen y niveles de valoración

Último $7.530Periodo -47.3%
Fair value: $7.420

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-9.3%

FCF CAGR

-20.7%

FCF margin

22.2%

FCF / Net income

3.19x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $258.4M · net income $18.0M · FCF $57.4M

2022-FY → 2025-FY

Gross margin

92.8%+13.5% pts

Operating margin

3.1%+5.6% pts

Net margin

7.0%+4.8% pts

FCF margin

22.2%-11.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$258.4M$258.4M$255.7M$292.4M$346.3M
Net Income$18.0M$18.0M$12.9M$-5.8M$7.3M
EBITDA$58.8M$58.8M$47.2M$45.2M$69.1M
EPS0.200.200.15-0.070.08
Gross Margin92.8%92.8%93.2%93.6%79.3%
Operating Margin3.1%3.1%-8.0%-4.6%-2.5%
Net Margin7.0%7.0%5.0%-2.0%2.1%
Balance Sheet
Debt/Equity0.290.290.290.340.22
Current Ratio2.432.43———
Cash Flow
Free Cash Flow$57.4M$57.4M$-5.9M$62.9M$115.0M
Returns
ROE1.6%1.6%1.2%-0.5%0.6%
Valuation
P/E37.1037.1052.00—129.75
EV/EBITDA13.7913.7918.1916.0712.18
P/B0.580.580.640.620.74
Growth & Yield
Revenue Growth1.1%1.1%-12.6%-15.6%—
EPS Growth33.3%33.3%314.3%-187.5%—
Dividend Yield4.8%4.8%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

48.8%

muy exigente

EPS terminal req.

$0.66

Spread vs growth

-15.4%

5Y implied EPS CAGR

31.8%

muy exigente

EPS terminal req.

$0.80

Spread vs growth

1.5%

10Y implied EPS CAGR

20.4%

exigente

EPS terminal req.

$1.28

Spread vs growth

12.9%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -4.1%

Total return

-4.1%

Start / end P/E

55.1x → 37.7x

EPS bridge

0.15 → 0.20

Residual

-10.5%

EPS growth+33.3%
Multiple rerating-31.6%
Dividend+4.8%
Residual / FX / buybacks / cross-term-10.5%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.