LEG Immobilien SE (LEG.DE) stock analysis
In our weekly check, LEG Immobilien SE is graded D (A to F). Of 24 checks on debt, profit, cash flow and trend: 11 pass, warnings: 5, red flags: 8.
About LEG Immobilien SE
LEG Immobilien SE is a Real Estate company (Real Estate - Services) based in Germany, listed on XETRA as LEG.DE.
What our checks show for LEG.DE
Red flags
- Net debt is 8.1x a year of EBITDA (debt/equity 1.09). That limits room in a downturn and raises refinancing risk.
- The net margin fell by 84.3 points over 5 years, to 94.7%: the company keeps less of each sale as profit.
- The gross margin fell by 15.1 points, to 39.1%: costs are rising faster than prices.
- Operating cash flow is only 0.36x net profit: part of the reported profit does not arrive as cash.
- Analysts expect revenue to shrink about 10.6% a year.
- Analysts expect the net margin to shrink by 42.4 points from today's 94.7%.
- The stock has fallen as much as 68% from a peak. Would you have held through that?
- Return on capital (ROCE) is only 2.5%.
Warning signs
- Operating profit covers interest only 2.1 times: a weak year could make the payments hard.
- Analysts expect earnings per share to shrink about 32.6% a year.
- The stock is still below its previous peak.
- Beta 1.38: the stock usually moves more than the market, both up and down.
- Thinly traded (about 411 thousand shares a day): buying and selling can move the price.
Strengths
- Earnings per share grew 75.3% a year over the last 3 years.
- Net profit grew 76.8% a year over the last 3 years.
- The company keeps 94.7% of its revenue as net profit.
- Free cash flow is 32.8% of revenue: cash for dividends, buybacks or growth.
- The price is 2.8 times earnings (P/E), reasonable for its growth.
- Pay in shares is only 0% of free cash flow.
Next earnings report: 2026-11-12
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Questions
What grade does LEG Immobilien SE (LEG.DE) have?
In our weekly check, LEG Immobilien SE is graded D (A to F). Of 24 checks on debt, profit, cash flow and trend: 11 pass, warnings: 5, red flags: 8. The grade is a risk check, not a buy or sell recommendation.
What are the main risks of LEG.DE stock?
This week's biggest flags for LEG Immobilien SE: High debt, Margins falling, Gross margin falling. In total 13 of 24 checks show a warning or a red flag.
What does LEG Immobilien SE do?
LEG Immobilien SE is a Real Estate company (Real Estate - Services) based in Germany, listed on XETRA as LEG.DE.
When does LEG Immobilien SE report earnings next?
The next earnings report is expected on 2026-11-12. We re-run the checks every week, so the grade can change after it.
The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.
Updated 2026-10-31
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