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.
Gateway Real Estate AG is a prominent public real estate company based in Germany. Its primary focus is on the development, management, and commercialization of residential and commercial properties throughout Germany. Gateway Real Estate AG plays a crucial role in the real estate industry by transforming undeveloped land into urban residential complexes, office buildings, and other commercial spaces, catering to the diverse needs of urbanization and modern living. The company is instrumental in addressing housing shortages in urban centers by contributing to residential real estate projects, while also expanding commercial property footprints in high-demand areas. Gateway Real Estate AG operates within a sophisticated framework of real estate investment, teaming up with various stakeholders to provide sustainable and profitable real estate solutions. It holds a significant position in the financial market as a key player in the construction and real estate development sector, influencing urban landscape development and offering a variety of investment opportunities in real estate portfolios.
The business is unprofitable at the operating level (-295.00% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 18.4%, still solid. Margins contracted 448.5pp, which offsets some of the top-line progress.
ROIC dropped from 2.59% to -5.80%, capital efficiency is deteriorating. Negative free cash flow of -€102M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€95M
▲ +18.4% YoY
Net Income (TTM)
€145M
▼ -440.7% YoY
Op. Margin
61.92%
▼ -448.5pp YoY
ROIC
-5.80%
▼ -8.4pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-€102M
▲ +24.9% YoY
Op. Cash Flow (FY)
-€102M
▲ +16.0% YoY
Net Debt
€847M
Cash & Equiv.
€82M
3Y CAGR: +53.1%
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