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The Grounds Real Estate Development AG (AMM) Fair Value & Analysis

Real Estate · DE · Market cap €12.2M

TG The Grounds Real Estate Development AG AMM · XETRA
Price€0.3960
Fair Value€0.3995
Upside+0.9%
Quality8/100
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Weak Growth
Loss-making · -121.1% net margin
Moderate debt · negative free cash flow
Trails peers (1/10)
Narrow moat 8/100
Evidence: Low Range €0.1800 – €0.6914 Share as image

Fair value as of: Jul 13, 2026

From 1 valuation models · updated 29 days ago

Share price −19.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (€0.1800 to €0.6914). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

€5.20 €0.3960 Fair Value €0.3995 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €0.3960 – €5.20 · fair‑value band €0.1800 – €0.6914 · the €0.3960 price screens below the €0.3995 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

The Grounds Real Estate Development AG (AMM) currently trades at €0.3960, while our model-based Fair Value estimate is €0.3995, implying the stock looks roughly 0.9% fairly valued today. The Quality Score stands at 8/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at €7.1M. Revenue declined 66.4% year over year. It earns a return on equity of -30.0%. Net debt stands at €72.1M. Fundamentals as of Jul 13, 2026

Our scenario range runs from €0.1800 (bear case) to €0.6914 (bull case); at €0.3960, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 69% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 1%, AMM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) €0.9700 €1.30 €1.95 50
All 1 models by family
Asset-Based
NCAV (Graham) €0.9700 €1.30 €1.95 50

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Key figures & financial health

Revenue (TTM) €7.1M
Revenue growth (YoY) -66.4%
Net margin -121%
Return on equity -30.0%
Free cash flow −€10.1M FY2024
Operating margin -42.9%
More key figures
EPS (TTM) €-1.07
Net debt €72.1M FY2024

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 8/100

Of which business quality 13 · Market factors (momentum, volatility) 20

Profitability 0
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

The Grounds Real Estate Development AG, a real estate company, engages in the development, management, rental, and sale of residential properties in Germany. The company was incorporated in 2007 and is based in Berlin, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

The Grounds Real Estate Development AG reported revenue of €11.1M in FY2024 versus €31.3M in FY2020, a compound −22.8%/yr. Reported net income was −€10.7M in FY2024.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
€11.1M
Latest YoY
−53.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−29.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.4%
Avg. growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+46.4%
Revenue −22.8%/yr
FY20 €31.3M
FY21 €31.6M
FY22 €36.8M
FY23 €23.9M
FY24 €11.1M
Net income
FY20 €3.6M
FY21 €4.9M
FY22 €1.2M
FY23 −€7.0M
FY24 −€10.7M

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Cite: Fair Value Calculator (2026). "The Grounds Real Estate Development AG Fair Value". https://www.fairvalue-calculator.com/stock/AMM

Peer Group

Real Estate Services · 520 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 9 · Bottom 25%
Fair Value upside +1% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) -121% · Bottom 25%
Operating margin (TTM) -43% · Bottom 25%
Revenue growth -66% · Bottom 25%
Debt / equity 1.00× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 0.29× · Cheaper than 75% of peers
P/S (TTM) 1.98× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 35 · sector 37
FUTURE 0 · sector 10
PAST 0 · sector 16
HEALTH 50 · sector 85
DIVIDEND 0 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

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SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is The Grounds Real Estate Development AG (AMM) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €0.3995 versus a price of €0.3960, about +1% (fairly valued).
What is the fair value of AMM?
Our model-based fair value for The Grounds Real Estate Development AG is €0.3995 (as of Jul 13, 2026), built from audited fundamentals. The current price is €0.3960.
What is the quality score of AMM?
The Grounds Real Estate Development AG has a Quality Score of 8/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of The Grounds Real Estate Development AG (AMM)?
The Grounds Real Estate Development AG reported trailing-twelve-month revenue of about €7.1M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of AMM?
The net profit margin of The Grounds Real Estate Development AG is about -121.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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