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Branicks Group (BRNK) Fair Value & Analysis

Real Estate · DE · Market cap €92.3M

BG Branicks Group BRNK · XETRA
Price€0.8820
Fair Value€2.57
Upside+191.4%
Quality48/100
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Mixed Growth
Loss-making · -129.0% net margin
High debt · generates free cash flow
Trails peers (4/11)
Narrow moat 12/100
Evidence: Medium Range €2.57 – €9.58 Share as image

Fair value as of: Jul 20, 2026

From 6 valuation models · updated 24 days ago

Fair value updated Jul 20, 2026, revised from €2.37 to €2.57 (+8.4%) since Jun 26, 2026. Share price −17.2% over the past month.

Below-average quality, screening 191% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€2.57). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (€2.57 to €9.58). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

€13.95 €0.7740 Fair Value €2.57 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range €0.7740 – €13.95 · fair‑value band €2.57 – €9.58 · the €0.8820 price screens below the €2.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Branicks Group (BRNK) currently trades at €0.8820, while our model-based Fair Value estimate is €2.57, implying the stock looks roughly 191.4% undervalued today. The Quality Score stands at 48/100 (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: medium), always confirm before acting.

Trailing-twelve-month revenue stands at €224M. Revenue declined 20.4% year over year. It earns a return on equity of -32.2%. Net debt stands at €2.1B. Fundamentals as of Jul 20, 2026

Our scenario range runs from €2.57 (bear case) to €9.58 (bull case); at €0.8820, the current price sits below 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 61% 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 191%, BRNK 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
Gordon GGM €4.97 €7.49 €9.77 70
DDM Multi-Stage €4.97 €6.77 €8.37 61
EV/EBITDA €1.20 €8.22 €15.23 54
All 6 models by family
DCF Models
5Y EBITDA Exit €0.6100 €9.68 41
10Y EBITDA Exit €1.29 37
Dividend Discount
Gordon GGM €4.97 €7.49 €9.77 70
DDM Multi-Stage €4.97 €6.77 €8.37 61
Multiples
EV/EBITDA €1.20 €8.22 €15.23 54
Asset-Based
NCAV (Graham) €4.50 €6.03 €9.01 50

Widest divergence: Multiples (€8.22) versus DCF Models (€0.6100). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) €224M
Revenue growth (YoY) -20.4%
Net margin -129%
Return on equity -32.2%
Free cash flow €54.8M FY2024
Operating margin -280%
More key figures
EPS (TTM) €-3.46
Net debt €2.1B FY2024

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 15

Profitability 2
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 79
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

Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets. With over 25 years of experience in the real estate market and access to a broad investor network.

Full company description

Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets. With over 25 years of experience in the real estate market and access to a broad investor network. Our basis is the national and regional real estate platform with nine offices in the ground in all major German markets (including VIB Vermögen AG). As of September 30, 2025, we managed properties with a market value of EUR 10.7 billion in the Commercial Portfolio and Institutional Business segments. The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate cash flows from stable rent revenues on long-term leases while also optimizing the value of our portfolio assets through active management and realizing gains from sales. In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields. The shares of Branicks Group AG are listed in the Prime Standard of the German Stock Exchange. The company is fully committed to sustainability and occupies top positions in ESG-relevant ratings such as Morningstar sustainalytics and S&P Global CSA. The Branicks Group is also a signatory to the UN Global Compact and the UN PRI network. Properties in the Branicks portfolio have been awarded renowned sustainability certificates such as DGNB, LEED or BREEAM. Branicks Group AG was incorporated in 2002 in Germany.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Branicks Group reported revenue of €252M in FY2024 versus €205M in FY2020, a compound +5.3%/yr. Reported net income was −€281M in FY2024.

Growth Quality 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€252M
Latest YoY
−8.3%
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.
+2.1%
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.
+6.0%
Avg. growth/yr (8Y) 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.
+5.4%
Revenue +5.3%/yr
FY20 €205M
FY21 €237M
FY22 €301M
FY23 €275M
FY24 €252M
Net income
FY20 €70.0M
FY21 €57.8M
FY22 €31.0M
FY23 −€66.0M
FY24 −€281M

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Cite: Fair Value Calculator (2026). "Branicks Group Fair Value". https://www.fairvalue-calculator.com/stock/BRNK

Peer Group

Real Estate Services · 522 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 48 · Below median
Fair Value upside +191% · Top 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) -129% · Bottom 25%
Revenue growth -20% · Bottom 25%
Debt / equity 2.42× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 0.48× · Cheaper than median
P/FCF 1.9× · Cheaper than median
PEG 6.12× · Pricier than 75% of peers

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 100 · sector 37
FUTURE 0 · sector 10
PAST 0 · sector 16
HEALTH 0 · 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 20, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
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 Branicks Group (BRNK) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of €2.57 versus a price of €0.8820, about +191% (undervalued).
What is the fair value of BRNK?
Our model-based fair value for Branicks Group is €2.57 (as of Jul 20, 2026), built from audited fundamentals. The current price is €0.8820.
What is the quality score of BRNK?
Branicks Group has a Quality Score of 48/100. 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 Branicks Group (BRNK)?
Branicks Group reported trailing-twelve-month revenue of about €224M (latest available figure, as of Jul 20, 2026).
What is the net profit margin of BRNK?
The net profit margin of Branicks Group is about -129.0%, 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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