Deutsche Konsum REIT AG (DKG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Deutsche Konsum REIT AG €3.43, price €1.38, upside +149.5%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €1.20 – €13.60 · fair‑value band €0.6850 – €8.26 · the €1.38 price screens below the €3.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Deutsche Konsum Real Estate AG, a real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany. As of September 30, 2017, the company had a portfolio of 62 retail properties. Deutsche Konsum Real Estate AG was founded in 2008 and is headquartered in Potsdam, Germany.
Stock analysis
Deutsche Konsum REIT AG (DKG) currently trades at €1.38, while our model-based Fair Value estimate is €3.43, implying the stock looks roughly 59.9% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of €1.83 per share, and 4 of the 7 models we run sit above the €1.38 price.
Bear case: the DCF Models group reads lowest at €1.21, and 3 of the 7 models stay below the price. Evidence for this calculation is medium.
Scenario range: €0.6850 (bear) to €8.26 (bull), the price of €1.38 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Deutsche Konsum REIT AG reported revenue of €88.3M in FY2025 versus €165M in FY2021, a compound −14.5%/yr. Reported net income was −€55.0M in FY2025.
Key figures
Market cap €139M · P/S ratio 1.11 · EPS (TTM) €−0.6000 · Net margin −62.3% · Return on equity −12.6% · Return on assets (EBIT) −0.8% · Operating margin 30.9% · Revenue (TTM) €125M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −27% fair-value upside, at 149%, DKG screens cheaper than that median.
Fair Value models
Bear €0.6850Fair Value €3.43Bull €8.26
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+14.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−25.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
Start year 2020 (pandemic). Over 10 years: +34.6% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+44.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
80.1% (2020) → 18.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +20.0% a year for the price.
Compare Deutsche Konsum REIT AG with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.REIT - Retail · 94 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+150% · Top 25%
Profitability
Return on assets2% · Bottom 25%
Net margin (TTM)−40% · Bottom 25%
Operating margin (TTM)31% · Bottom 25%
Growth and dividend
Revenue growth−18% · Bottom 25%
Balance sheet
Debt / equity1.48× · Highest 25%
Valuation Multiplesvs REIT - Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Deutsche Konsum REIT AG Fair Value". https://www.fairvalue-calculator.com/stock/DKG
Frequently asked questions
Is Deutsche Konsum REIT AG (DKG) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €3.43 versus a price of €1.38, about +149% upside (undervalued).
What is the fair value of DKG?
Our model-based fair value for Deutsche Konsum REIT AG is €3.43 (as of Sep 23, 2026), built from audited fundamentals. The current price: €1.38.
What is the quality score of DKG?
Deutsche Konsum REIT AG has a Quality Score of 55/100. 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 price target for Deutsche Konsum REIT AG (DKG)?
Our model-based price target is the fair value of €3.43 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario €0.6850, optimistic scenario €8.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Deutsche Konsum REIT AG stock forecast for 2026?
Our models put fair value at €3.43, about +149% upside versus a price of €1.38 (undervalued). Cautious scenario €0.6850, optimistic scenario €8.26. The calculation is refreshed regularly with new filings.
What is the revenue of Deutsche Konsum REIT AG (DKG)?
Deutsche Konsum REIT AG reported trailing-twelve-month revenue of about €125M (latest available figure, as of Sep 23, 2026).
What growth is priced into Deutsche Konsum REIT AG (DKG)?
For today's price to be fair in a discounted-cash-flow model, Deutsche Konsum REIT AG would have to grow free cash flow by +22.6 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of DKG use?
Our models discount Deutsche Konsum REIT AG at 11.0 %: a base by market capitalisation (micro), damped by beta 0.39, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Deutsche Konsum REIT AG that is +22.6 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Deutsche Konsum REIT AG (DKG) delivered so far?
Over the past 5 years revenue at Deutsche Konsum REIT AG grew +9.4 % a year. The price currently implies +22.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Deutsche Konsum REIT AG (DKG) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Deutsche Konsum REIT AG (+22.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Deutsche Konsum REIT AG (DKG)?
The free-cash-flow yield on the price is 25.62 %: that much free cash flow Deutsche Konsum REIT AG produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Deutsche Konsum REIT AG (DKG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Deutsche Konsum REIT AG it is €3.43 per share (as of Sep 23, 2026), against a price of €1.38. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Deutsche Konsum REIT AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, DKG trades below its calculated fair value: price €1.38, fair value €3.43, a gap of about +149% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DKG?
No. The price is what the market pays today (€1.38); the fair value is what the company's own numbers justify (€3.43). For Deutsche Konsum REIT AG the two are €2.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is Deutsche Konsum REIT AG worth?
The market values Deutsche Konsum REIT AG at about €139M (market capitalisation, as of Sep 23, 2026). Per share that is €1.38; our models calculate a fair value of €3.43 per share.
What do the bullish and bearish scenarios say about DKG?
Our models span a range for Deutsche Konsum REIT AG: cautious scenario €0.6850, base €3.43, optimistic €8.26 per share (as of Sep 23, 2026, price €1.38). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Deutsche Konsum REIT AG (DKG)?
Balance-sheet figures for Deutsche Konsum REIT AG (as of Sep 23, 2026): return on equity −12.6%, debt of 1.48 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is DKG from its 52-week high?
Deutsche Konsum REIT AG trades at €1.38, about 31% below its 52-week high of €1.98 and 15% above the low of €1.20 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €3.43 is for.
Which stocks are comparable to Deutsche Konsum REIT AG?
From the same area (Real Estate) we also value Simon Property Group, Realty Income Corporation, Unibail-Rodamco-Westfield SE, Kimco Realty Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Deutsche Konsum REIT AG stock attractive at the current price?
The data as of Sep 23, 2026: price €1.38, calculated fair value €3.43 (+149%), Quality Score 55/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DKG calculated?
We run Deutsche Konsum REIT AG through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €3.43, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Deutsche Konsum REIT AG currently trades 149 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Deutsche Konsum REIT AG (DKG)?
The closing price on Sep 24, 2026 was €1.38. Our model-based fair value is €3.43, about +149% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Deutsche Konsum REIT AG right now?
The model range is unusually wide (€0.6850 to €8.26). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (55/100) 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.
Key figures of Deutsche Konsum REIT AG
How large is the market capitalisation of Deutsche Konsum REIT AG (DKG)?
The market capitalisation of Deutsche Konsum REIT AG is €139M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Deutsche Konsum REIT AG (DKG)?
The price-to-sales ratio of Deutsche Konsum REIT AG is 1.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Deutsche Konsum REIT AG (DKG)?
Earnings per share at Deutsche Konsum REIT AG are €−0.6000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Deutsche Konsum REIT AG (DKG)?
The net margin of Deutsche Konsum REIT AG is −62.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Deutsche Konsum REIT AG (DKG)?
The return on equity (ROE) of Deutsche Konsum REIT AG is −12.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Deutsche Konsum REIT AG (DKG)?
On an EBIT basis the return on assets of Deutsche Konsum REIT AG is −0.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Deutsche Konsum REIT AG (DKG)?
The operating margin of Deutsche Konsum REIT AG is 30.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Deutsche Konsum REIT AG (DKG)?
Revenue at Deutsche Konsum REIT AG is growing −18.4% versus a year earlier (3y avg −25.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Deutsche Konsum REIT AG (DKG)?
Earnings per share at Deutsche Konsum REIT AG are growing +75.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Deutsche Konsum REIT AG (DKG) carry?
The net debt of Deutsche Konsum REIT AG is €466M (fiscal year 2025, ≈ 30.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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