FCR Immobilien AG (FC9) AI Stock Analysis

1 Followers

FCR Immobilien AG

(XETRA:FC9)

Select Model

Rating:52Neutral

Price Target:EUR 9.50▲(0.53% Upside)

Action:reiterated

Date:11/07/26

Primarily impacted by mixed financial performance with revenue volatility and high leverage, plus bearish technical indicators; attractive valuation provides partial offset.

Positive Factors

High ProfitabilityVery high gross margins and solid net margins indicate that the commercial property portfolio has historically generated meaningful profitability after operating costs. This margin structure can support reinvestment, debt servicing, and resilience over the next several quarters if occupancy and rental income remain stable.

Negative Factors

Sharp Revenue DeclineThe sharp 2025 revenue contraction shows that recent operating growth has weakened materially despite the company’s attractive margin profile. If revenue does not recover, lower scale could constrain reinvestment, reduce debt-servicing capacity, and make future earnings more dependent on asset-level performance.

FCR Immobilien AG (FC9) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 93.28M
Dividend Yield: 3.70%
Average Volume (3M): 413
Price to Earnings (P/E): 8.3
Beta (1Y): 0.30
Revenue Growth: -34.11%
EPS Growth: -42.27%
Country: Germany
Employees: 39
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Services

FCR Immobilien AG Business Overview & Revenue Model

Company Description

The headquarters of FCR Immobilien & Vermögensverwaltungs GmbH & Co. KG are situated in Krailling, Germany.

How the Company Makes Money

FCR Immobilien AG makes money primarily through (1) recurring rental income from leased commercial properties and (2) gains from selling properties (disposals) after value enhancement or portfolio optimization. Rental income is generated by letting s...

FCR Immobilien AG Financial Statement Overview

Summary

Mixed results with high gross margins but volatile revenue, declining net margins, and high leverage (debt-to-equity 1.70); offset by positive free cash flow growth.

Income Statement

45Neutral

Balance Sheet

38Negative

Cash Flow

60Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	31.81M	36.09M	54.06M	56.63M	37.07M	54.08M
Gross Profit	28.08M	31.07M	47.73M	49.67M	29.04M	46.55M
EBITDA	6.74M	20.01M	40.33M	26.19M	18.77M	39.28M
Net Income	11.32M	12.61M	21.84M	8.70M	14.18M	12.15M
Balance Sheet
Total Assets	305.24M	430.82M	448.60M	449.48M	471.79M	402.19M
Cash, Cash Equivalents and Short-Term Investments	0	1.49M	1.67M	6.91M	5.55M	18.71M
Total Debt	247.10M	260.17M	280.68M	301.65M	327.51M	261.53M
Total Liabilities	249.10M	277.95M	303.90M	324.15M	353.03M	294.19M
Stockholders Equity	56.14M	152.87M	144.70M	125.33M	118.76M	108.00M
Cash Flow
Free Cash Flow	5.71M	16.84M	19.84M	23.80M	6.77M	4.56M
Operating Cash Flow	11.68M	17.76M	20.29M	25.15M	9.48M	6.90M
Investing Cash Flow	-6.18M	14.62M	4.92M	13.35M	-74.72M	-42.38M
Financing Cash Flow	-6.04M	-32.40M	-30.34M	-37.44M	46.64M	44.71M

FCR Immobilien AG Technical Analysis

Technical Analysis SentimentNegative

Last Price9.45

Price Trends

50DMA10.23Negative

100DMA10.58Negative

200DMA10.85Negative

Market Momentum

MACD-0.21Positive

RSI11.40Positive

STOCH22.34Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:FC9, the sentiment is Negative. The current price of 9.45 is below the 20-day moving average (MA) of 9.77, below the 50-day MA of 10.23, and below the 200-day MA of 10.85, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 11.40 is Positive, neither overbought nor oversold. The STOCH value of 22.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:FC9.

FCR Immobilien AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

DE:FC9 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:PAT	71Outperform	EUR 564.00M	21.20	2.60%	5.48%	3.30%	27.90%
DE:DEQ	69Neutral	EUR 1.25B	5.78	11.53%	6.07%	1.56%	61.95%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DE:FC9	52Neutral	EUR 93.28M	8.29	10.83%	3.70%	-34.11%	-42.27%
DE:DMRE	44Neutral	EUR 23.00M	-0.39	-45.19%	―	29.46%	43.54%
DE:O5G	40Underperform	EUR 6.11B	38.62	2.34%	―	-8.37%	―

* Real Estate Sector Average

Performance Comparison

DE:FC9 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:FC9	FCR Immobilien AG	9.45	-1.88	-16.62%
DE:DMRE	DEMIRE Deutsche Mittelstand Real Estate ate ate	0.22	-0.24	-52.61%
DE:DEQ	Deutsche Euroshop	16.48	-1.27	-7.13%
DE:PAT	Patrizia Immobilien	6.57	-0.28	-4.06%
DE:DEF	DEFAMA Deutsche Fachmarkt AG	18.30	-10.69	-36.87%
DE:O5G	CPI PROPERTY GROUP S.A.	0.73	-0.05	-6.41%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 05, 2026

FCR Immobilien AG AI Stock Analysis