TTL Beteiligungs- und Grundbesitz-AG

TTO.DE

Real Estate - Services · Real Estate

Price

€0.15

+0.00 (+0.00%)

Market Cap

€3.7M

Exchange

Deutsche Börse

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Data as of Jul 25, 2026 · filings through Jun 30, 2025

Share count rising — dilution

+13.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 21.6M (2019) → 24.6M (2023)

TTL Beteiligungs- und Grundbesitz-AG is a German holding company focused on real estate investments. It operates primarily by taking stakes in other real estate businesses rather than directly owning and managing properties itself. Its main investment is a significant shareholding in GEG German Estate Group, a commercial real estate company active in Germany.

TTL earns money through dividends, profit distributions, and value appreciation from its portfolio of real estate investments. The company is small, listed on a German stock exchange, and its business is concentrated almost entirely in Germany's commercial property market. Its negative operating margin signals that costs currently exceed income from operations, which is a meaningful concern. The key risk facing TTL is the ongoing pressure in German commercial real estate, where rising interest rates have pushed down property valuations and made financing more expensive, squeezing returns across the sector.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-8.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+73.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

81.1%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

→ Burn rate stable

$44M cash & investments at current burn rate

Revenue declining

TTL Beteiligungs- und Grundbesitz-AG's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

43.3%

Healthy — 43.3% gross margin

Operating Margin

-20.2%

Losing money on operations — -20.2%

ROCE

-0.3%

Weak — -0.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-46.6%

Shrinking sales (-46.6% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

N/A

Data not available

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-199.3%

Burning cash (-199.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

3.78

Heavy debt load (3.78)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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