IIA (Immofinanz AG) vs WIG20 Comparison

IIA

WIG20

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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IIA

WIG20

Difference

1Y 3Y 5Y 10Y 15Y 20Y

IIA

WIG20

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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WIG20

IIA

VNA

SMPH

1972

600415

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Immofinanz AG
Glance View

Market Cap

9.4B PLN

Industry

Real Estate

Immofinanz AG, an established player in the European real estate sector, has built its reputation over decades by strategically navigating the complexities of commercial property markets. Born out of Austria, this real estate powerhouse focuses its efforts primarily on retail and office segments, spanning several key markets across Europe, including Germany, Austria, Romania, and several CEE and Adriatic countries. With a robust philosophy of versatility and sustainable development, Immofinanz differentiates itself by offering a fine-tuned set of services meticulously designed to cater to the needs of modern enterprises. Their business strategy heavily emphasizes minimizing risk through geographic and asset diversification, thereby solidifying their position as a resilient entity capable of weathering economic fluctuations. At the heart of Immofinanz’s operation is its dynamic approach to property investment and management. The company primarily generates revenue through rental income, capitalizing on high-occupancy rates across its expansive portfolio. Additionally, Immofinanz enhances shareholder value by executing timely acquisitions and divestitures, ensuring that its assets remain relevant and profitable. Strategic renovations and improvements further add to the valuation of their properties, attracting high-caliber tenants and sustaining cash flow. Meanwhile, Immofinanz's focus on retail parks and office spaces aligns with urbanization trends, capturing essential foot traffic and business activity. This keen ability to spot emerging market trends and adapt accordingly underscores Immofinanz AG's role as a formidable force in the real estate sector.

View IIA Analysis

IIA Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

CN		FLJ Group Ltd NASDAQ:XHG	Add
DE		Vonovia SE XETRA:VNA	Add
PH	S	SM Prime Holdings Inc XPHS:SMPH	Add
HK	S	Swire Properties Ltd HKEX:1972	Add
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	Add
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	Add
BM		Hongkong Land Holdings Ltd SGX:H78	Add
SE	S	Sagax AB STO:SAGA A	Add
SG		Capitaland Investment Ltd SGX:9CI	Add
IL		Azrieli Group Ltd TASE:AZRG	Add

CN		FLJ Group Ltd NASDAQ:XHG	Select
DE		Vonovia SE XETRA:VNA	Select
PH	S	SM Prime Holdings Inc XPHS:SMPH	Select
HK	S	Swire Properties Ltd HKEX:1972	Select
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	Select
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	Select
BM		Hongkong Land Holdings Ltd SGX:H78	Select
SE	S	Sagax AB STO:SAGA A	Select
SG		Capitaland Investment Ltd SGX:9CI	Select
IL		Azrieli Group Ltd TASE:AZRG	Select

CN		FLJ Group Ltd NASDAQ:XHG	Add
DE		Vonovia SE XETRA:VNA	Add
PH	S	SM Prime Holdings Inc XPHS:SMPH	Add
HK	S	Swire Properties Ltd HKEX:1972	Add
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	Add
CN		China Resources Mixc Lifestyle Services Ltd HKEX:1209	Add
BM		Hongkong Land Holdings Ltd SGX:H78	Add
SE	S	Sagax AB STO:SAGA A	Add
SG		Capitaland Investment Ltd SGX:9CI	Add
IL		Azrieli Group Ltd TASE:AZRG	Add

HR	C	CROBEX INDX:CRBEX	Add
SA	T	Tadawul All Share INDX:TASI	Add
TH	S	SET Index INDX:SET	Add
ID	J	Jakarta Composite Index INDX:JKSE	Add
GR	A	Athens General Composite INDX:ATG	Add
BR	B	BOVESPA INDX:BVSP	Add
AR	S	S&P Merval INDX:MERV	Add
MX	M	Mexico S&P/BMV IPC INDX:MXX	Add
CZ	P	PX Prague Stock Index INDX:PX	Add
RU	M	MOEX Russia INDX:IMOEX	Add

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IIA

vs

WIG20

Stocks Performance
IIA vs WIG20

Performance Gap
IIA vs WIG20

Performance By Year
IIA vs WIG20

Competitors Performance
Immofinanz AG vs Peers

Immofinanz AG
Glance View

Company

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IIA vs WIG20

Stocks Performance IIA vs WIG20

Performance Gap IIA vs WIG20

Performance By Year IIA vs WIG20

Competitors Performance Immofinanz AG vs Peers

Immofinanz AG Glance View

Company

Help

Tools

Stocks

IIA

vs

WIG20

Stocks Performance
IIA vs WIG20

Performance Gap
IIA vs WIG20

Performance By Year
IIA vs WIG20

Competitors Performance
Immofinanz AG vs Peers

Immofinanz AG
Glance View