Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Agat Ejendomme A/S is a Denmark-based real estate company specializing in the ownership, development, and operation of retail properties. Formerly known as TK Development A/S until April 2019, it focuses on creating value through properties where people live, work, and shop, including shopping centers primarily in Denmark, outlet centers in the Czech Republic, and select assets in Poland. The company's operations are segmented into property portfolio management, development activities encompassing urban housing, retail, and business projects, and residual or discontinuing activities outside core Nordic markets like Sweden, Germany, Lithuania, and Finland. Headquartered in Aalborg at Vestre Havnepromenade 7, Agat Ejendomme A/S employs around 12 people and maintains a diversified revenue stream from rentals and project sales, with recent figures showing DKK 71.9 million in trailing twelve-month revenue. Led by CEO Robert Andersen and Chairman Peter Høltermand, it plays a niche role in the retail real estate development sector, emphasizing sustainable property investments in Northern Europe.
DKK 0.12
+DKK 0.00 (+0.00%)
Live · 10:04 PM · Twelve Data
Operating margin is thin at 8.86%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.6%, essentially flat. This is a business that needs a catalyst.
Net debt of DKK 456M represents 67.1x FCF, leverage limits flexibility.
20.5x earnings, 1.8x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
DKK 72M
▲ +2.6% YoY
Net Income (TTM)
DKK 600K
▲ +101.3% YoY
Op. Margin
10.82%
▲ +32.3pp YoY
ROIC
0.46%
▲ +2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
DKK 8M
▲ +195.7% YoY
Op. Cash Flow (TTM)
DKK 27M
▲ +404.0% YoY
Net Debt
DKK 456M
Cash & Equiv.
DKK 13M
3Y CAGR: -26.0%
3Y CAGR: -53.4%
Continue Research
At a P/E of 20.5 and a price-to-free-cash-flow of 1.8, Agat Ejendomme A/S (AGAT.XCSE) trades above a two-stage DCF intrinsic value of about DKK -2.74 per share, so at DKK 0.12 the stock looks overvalued (2,423.0% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Agat Ejendomme A/S scores 46/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about DKK -2.74 per share for AGAT.XCSE, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around DKK -2.06. At today's DKK 0.12, that puts the stock about 2,423.0% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Agat Ejendomme A/S scores 46 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 10.8% operating margin and a 0.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. AGAT.XCSE currently trades above its estimated intrinsic value and scores 46/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.