Instone Real Estate Group (INS) AI Stock Analysis

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Instone Real Estate Group

(XETRA:INS)

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Rating:57Neutral

Price Target:EUR 5.50▲(0.00% Upside)

Action:reiterated

Date:09/22/26

The score is held back primarily by weak cash flow conversion and volatility, alongside bearish technicals (below key moving averages with negative MACD). These risks are partially offset by an improving TTM operating picture and an attractive valuation (low P/E and high dividend yield).

Positive Factors

Revenue RecoveryThe TTM rebound indicates that project activity and revenue realization have improved after weaker periods. If sustained, stronger throughput can support operating leverage, improve utilization of the development platform, and provide a firmer base for earnings over the next several quarters.

Negative Factors

Weak Cash ConversionOperating profits are currently converting into cash at a very low rate, which is a material weakness for a developer that must fund land, construction, and project execution. Persistently weak conversion could increase reliance on financing and limit flexibility even when reported earnings remain positive.

Instone Real Estate Group (INS) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 238.27M
Dividend Yield: 7.82%
Average Volume (3M): 14.35K
Price to Earnings (P/E): 5.0
Beta (1Y): 0.74
Revenue Growth: 19.11%
EPS Growth: 74.70%
Country: Germany
Employees: 360
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Instone Real Estate Group Business Overview & Revenue Model

Company Description

Instone Real Estate Group SE, along with its various subsidiaries, operates as a German property developer specializing in residential projects. Their work encompasses the construction of private homes, apartment complexes, and publicly subsidized ho...

How the Company Makes Money

Instone Real Estate Group primarily generates revenue from real estate development by selling completed (or in some cases forward-sold) residential units and buildings. Key revenue streams typically include: (1) proceeds from the sale of residential...

Instone Real Estate Group Financial Statement Overview

Summary

Income statement shows a TTM rebound with strong revenue growth and improved margins, and leverage has improved versus recent years. However, cash flow is a major कमजोरी: operating cash flow is very low versus net income (poor cash conversion) and free cash flow has been highly volatile with deeply negative growth in TTM, which increases financing/liquidity risk for a cyclical developer.

Income Statement

63Positive

Balance Sheet

58Neutral

Cash Flow

41Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	490.17M	412.21M	434.57M	514.25M	567.51M	741.24M
Gross Profit	159.51M	95.42M	104.83M	137.32M	139.89M	199.11M
EBITDA	88.01M	85.32M	77.73M	72.61M	83.59M	138.01M
Net Income	47.71M	44.58M	31.19M	20.11M	40.59M	83.05M
Balance Sheet
Total Assets	1.45B	1.90B	1.94B	1.84B	1.78B	1.52B
Cash, Cash Equivalents and Short-Term Investments	291.44M	367.48M	262.25M	383.61M	242.99M	123.13M
Total Debt	469.15M	500.57M	522.81M	547.35M	531.59M	400.22M
Total Liabilities	844.40M	1.28B	1.35B	1.26B	1.21B	929.81M
Stockholders Equity	609.33M	611.67M	587.38M	570.36M	573.71M	590.88M
Cash Flow
Free Cash Flow	8.66M	-31.84M	102.42M	107.61M	69.77M	42.15M
Operating Cash Flow	8.78M	-31.82M	102.48M	107.68M	70.17M	43.91M
Investing Cash Flow	-127.76M	-10.12M	14.09M	11.54M	9.44M	123.52M
Financing Cash Flow	-14.97M	-16.83M	-73.93M	9.78M	45.01M	-123.51M

Instone Real Estate Group Technical Analysis

Technical Analysis SentimentNegative

Last Price5.50

Price Trends

50DMA6.47Negative

100DMA7.11Negative

200DMA7.62Negative

Market Momentum

MACD-0.21Negative

RSI27.82Positive

STOCH11.24Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:INS, the sentiment is Negative. The current price of 5.50 is below the 20-day moving average (MA) of 5.87, below the 50-day MA of 6.47, and below the 200-day MA of 7.62, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 27.82 is Positive, neither overbought nor oversold. The STOCH value of 11.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:INS.

Instone Real Estate Group Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:INS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:DWNI	72Outperform	EUR 6.00B	3.80	11.37%	0.26%	-0.35%	―
DE:INS	57Neutral	EUR 258.44M	4.99	7.76%	7.82%	19.11%	74.70%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:GTY	48Neutral	EUR 57.15M	10.27	2.53%	―	-58.98%	-76.60%
DE:PAT	43Neutral	EUR 545.11M	20.49	2.60%	5.67%	3.30%	27.90%
DE:NUVA	34Underperform	EUR 441.06K	-0.11	-36.27%	―	―	―

* General Sector Average

Performance Comparison

DE:INS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:INS	Instone Real Estate Group AG	5.50	-2.24	-28.89%
DE:DWNI	Deutsche Wohnen	15.12	-5.84	-27.85%
DE:FVI	Fair Value REIT AG	2.36	-1.22	-34.08%
DE:PAT	Patrizia Immobilien	6.35	-0.48	-7.01%
DE:GTY	Gateway Real Estate AG	0.31	-0.22	-42.26%
DE:NUVA	Noratis AG	0.03	-0.70	-95.62%

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: Sep 22, 2026

Instone Real Estate Group AI Stock Analysis

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