TLG Immobilien AG (HAM:TLG) Operating Income: €85.1 Mil (TTM As of Dec. 2024)

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HAM:TLG TLG Immobilien AG HAM:TLG
65 GF Score
Price €11.80
GF Value €10.06
Valuation Modestly Overvalued
! 7 Warning Signs
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What is TLG Immobilien AG Operating Income?

TLG Immobilien AG HAM:TLG +2.61% 65 Operating Income is €85.1 Mil as of Dec. 2024. GuruFocus rates HAM:TLG with a GF Score™ of 65/100 and a GF Value™ of €10.06 (Modestly Overvalued). The stock has 7 warning signs investors should review.

TLG Immobilien AG's Operating Income for the six months ended in Dec. 2024 was €85.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was €85.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. TLG Immobilien AG's Operating Income for the six months ended in Dec. 2024 was €85.1 Mil. TLG Immobilien AG's Revenue for the six months ended in Dec. 2024 was €143.8 Mil. Therefore, TLG Immobilien AG's Operating Margin % for the quarter that ended in Dec. 2024 was 59.20%.

TLG Immobilien AG's 5-Year average Growth Rate for Operating Margin % was -0.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TLG Immobilien AG's annualized ROC % for the quarter that ended in Dec. 2024 was 0.00%. TLG Immobilien AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 29.29%.


TLG Immobilien AG  (HAM:TLG) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

TLG Immobilien AG's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=85.149 * ( 1 - 100% )/( (3746.304 + 3607.945)/ 2 )
=0/3677.1245
=0.00 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4168.417 - 31.224 - ( 390.889 - max(0, 113.641 - 611.578+390.889))
=3746.304

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3906.395 - 34.083 - ( 264.367 - max(0, 223.978 - 523.862+264.367))
=3607.945

Note: The Operating Income data used here is one times the annual (Dec. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

TLG Immobilien AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=28.947/( ( (6.459 + max(91.666, 0)) + (1.079 + max(98.438, 0)) )/ 2 )
=28.947/( ( 98.125 + 99.517 )/ 2 )
=28.947/98.821
=29.29 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.673 + 0.018 + 122.666) - (31.224 + 0 + 23.467)
=91.666

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.842 + 0.018 + 136.374) - (34.083 + 0 + 22.713)
=98.438

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

TLG Immobilien AG's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=85.149/143.841
=59.20 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


TLG Immobilien AG Operating Income Related Terms


TLG Immobilien AG Operating Income Historical Data

* Premium members only.

The historical data trend for TLG Immobilien AG's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TLG Immobilien AG Operating Income Chart

TLG Immobilien AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 167.96 135.39 119.01 108.87 85.15

TLG Immobilien AG Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 167.96 135.39 119.01 108.87 85.15
HAM:TLG
65GF Score
TLG Immobilien AG HAM:TLG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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TLG Immobilien AG Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was €85.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €85.1 Mil mean?
TLG Immobilien AG (HAM:TLG) has a Operating Income of €85.1 Mil as of Dec. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TLG Immobilien AG and its competitors.
Is TLG Immobilien AG's Operating Income too high?
TLG Immobilien AG's current Operating Income is €85.1 Mil. Overall, TLG Immobilien AG has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TLG Immobilien AG's Operating Income compare to CBRE and BEKE?
TLG Immobilien AG's Operating Income of €85.1 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Real Estate company?
A good Operating Income depends on the Real Estate industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TLG Immobilien AG and its competitors. TLG Immobilien AG's current Operating Income is €85.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TLG Immobilien AG stock overvalued right now?
Based on GuruFocus' analysis, TLG Immobilien AG (HAM:TLG) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.06, compared to a current price of €11.80 — trading 17.3% above its estimated fair value. The current Operating Income is €85.1 Mil. TLG Immobilien AG's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For TLG Immobilien AG (HAM:TLG), the current Operating Income is €85.1 Mil as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TLG Immobilien AG (HAM:TLG) Overvalued in 2026?

Based on GuruFocus' analysis, TLG Immobilien AG stock appears to be overvalued. The current stock price of €11.80 is trading 17.3% above its estimated GF Value™ of €10.06. GuruFocus considers TLG Immobilien AG to be Modestly Overvalued.

Key valuation signals for HAM:TLG:

  • Operating Income: €85.1 Mil
  • GF Value™: €10.06 vs. price of €11.80 (17.3% above fair value)
  • GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the HAM:TLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TLG Immobilien AG Business Description

Address Hausvogteiplatz 12, Berlin, BB, DEU, D-10117
TLG Immobilien AG is a commercial real estate company that focuses on the Berlin and eastern Germany regions of the Baltic coast and the Middle Germany core region. The company manages a portfolio of commercial properties mainly for office and retail uses. In addition, TLG Immobilien owns and operates several hotel properties that are located in Berlin, Dresden, Leipzig, and Rostock. The company provides property management, letting, sales, and purchases services. The majority of the group's revenue comes from rental and letting activities.
65GF Score

Get the complete analysis for HAM:TLG

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.80
Price
€10.06
GF Value