Deutsche EuroShop AG announces share buyback | Business | Finance

Deutsche EuroShop AG is a real estate development company specializing in shopping malls. Founded on October 10, 1997 and headquartered in Hamburg, Germany, the company operates both domestically and internationally. The company's properties include: A10 Center, Herold Center, Galeria Baltycka, Rathaus Center, Altmarkt Galerie, Billstedt Center, Phoenix Center, Stadt Galerie, Allee Center, City Point, City Arkaden, Stadt Galerie, Arkad, Main Taunus Zentrum, Rhein Neckar Zentrum, Forum, City Galerie, City Arkaden, Saarpark Center, and Olympia Center.

From 27 to 29 December 2023, Deutsche EuroShop AG repurchased a total of 6,620 shares of the company under the previously proposed share repurchase program. The total volume of shares repurchased by the company under the proposed plan, up to this point, is 12,620 shares at an average price of 22.4161 EUR.

The company will pay a dividend of 1.95 EUR for each share held by shareholders. With the number of shares outstanding at approximately 76.4 million, the total amount of the special dividend expected to be paid to shareholders will be approximately 149 million EUR, which is larger than the company's total current earnings and cash flow.

With a dividend yield of up to 11%, much higher than the industry average of 3.2%, Deutsche EuroShop AG is among the companies in Germany with the highest dividend payout.

Eligible shareholders must own DEQ shares by January 9, 2024, and will be paid on January 11, 2024. DeutscheEuroShop AG has total shareholders' equity of EUR 2.5 billion and total debt of EUR 1.6 billion, giving it a debt-to-equity ratio of 65%. The company's total assets and total liabilities are EUR 4.6 billion and EUR 2 billion, respectively. The company's earnings before interest and taxes (EBIT) is EUR 218.8 million, giving it an interest coverage ratio of 5.9. The company has total cash and short-term investments of EUR 280.6 million.

According to the chart above, DEQ's current assets are 327.9 million EUR, higher than its current liabilities of 72., million EUR, ensuring the company's short-term solvency. However, current assets are smaller, only about 16.6% of long-term liabilities (1.97 billion EUR), the short-term debt/long-term debt ratio is only about 3.68%, showing that the company is relying too much on long-term loans. Deutsche EuroShop AG is part of the boerse.de investment fund, which includes 311 stocks. In the overall trend assessment conducted by the fund on January 4, 2024, this stock was downgraded from 110 to 132, in the average area.

According to data compiled and presented by boerse.de, DeutscheEuroShop shares have lost 4% of their value per year over the past 10 years and the investment risk in this stock is high with a loss ratio of about 2.9. The closing price of DEQ shares on January 3, 2024 was 21.40 EUR, down 0.20 EUR (-0.93%) compared to the previous trading session. The company will announce its earnings report for the 2023 financial year on March 19, 2024.

Source: https://diaoc.nld.com.vn/deutsche-euroshop-ag-thong-bao-mua-lai-co-phieu-quy-196240105190140853.htm