View ValuationImmobel 将来の成長Future 基準チェック /16Immobel利益と収益がそれぞれ年間10.4%と3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に9.8% 10.5%なると予測されています。主要情報10.4%収益成長率10.46%EPS成長率Real Estate 収益成長13.1%収益成長率3.0%将来の株主資本利益率9.80%アナリストカバレッジLow最終更新日08 May 2026今後の成長に関する最新情報Price Target Changed • Mar 12Price target decreased by 17% to €35.00Down from €42.00, the current price target is an average from 3 analysts. New target price is 105% above last closing price of €17.10. Stock is down 31% over the past year.Price Target Changed • Apr 27Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of €67.60. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €9.52 for next year compared to €3.58 last year.Price Target Changed • Sep 13Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of €75.50. Stock is up 9.7% over the past year.Major Estimate Revision • Dec 17Analysts update estimatesThe 2020 consensus revenue estimate increased from €323.8m to €364.2m. Earning per share (EPS) estimate was unchanged from the last update at €3.58. The Real Estate industry in Belgium is expected to see a 20% decline in net income next year. The consensus price target of €74.67 was unchanged from the last update. Share price stayed mostly flat at €64.20 over the past week.すべての更新を表示Recent updatesNew Risk • Apr 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (142% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change).Reported Earnings • Mar 08Full year 2025 earnings releasedFull year 2025 results: Revenue: €456.4m (up 21% from FY 2024). Net income: €48.4m (up €142.2m from FY 2024). Profit margin: 11% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Belgium are expected to grow by 15%.New Risk • Mar 05New major risk - Revenue and earnings growthEarnings have declined by 58% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 58% per year over the past 5 years.分析記事 • Oct 28Immobel SA (EBR:IMMO) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-sales (or "P/S") ratio of 0.6x Immobel SA ( EBR:IMMO ) may be sending very bullish signals at the...分析記事 • Sep 20Immobel's (EBR:IMMO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for Immobel SA's ( EBR:IMMO ) stock hasn't moved much. We did some...Reported Earnings • Sep 15First half 2025 earnings released: EPS: €3.08 (vs €8.87 loss in 1H 2024)First half 2025 results: EPS: €3.08 (up from €8.87 loss in 1H 2024). Revenue: €148.3m (up 33% from 1H 2024). Net income: €31.5m (up €120.7m from 1H 2024). Profit margin: 21% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.New Risk • Jul 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change).分析記事 • Jul 12Immobel SA (EBR:IMMO) Stock Catapults 26% Though Its Price And Business Still Lag The IndustryImmobel SA ( EBR:IMMO ) shares have continued their recent momentum with a 26% gain in the last month alone. But the...分析記事 • Apr 30Immobel (EBR:IMMO) Has Debt But No Earnings; Should You Worry?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Price Target Changed • Mar 12Price target decreased by 17% to €35.00Down from €42.00, the current price target is an average from 3 analysts. New target price is 105% above last closing price of €17.10. Stock is down 31% over the past year.Reported Earnings • Mar 09Full year 2024 earnings releasedFull year 2024 results: Revenue: €377.5m (up 141% from FY 2023). Net loss: €93.7m (loss widened 144% from FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 1.2% decline forecast for the Real Estate industry in Europe.New Risk • Mar 07New major risk - Revenue and earnings growthEarnings have declined by 64% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 64% per year over the past 5 years.分析記事 • Feb 28Many Still Looking Away From Immobel SA (EBR:IMMO)Immobel SA's ( EBR:IMMO ) price-to-sales (or "P/S") ratio of 1x might make it look like a strong buy right now compared...New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding).分析記事 • Apr 05Immobel SA (EBR:IMMO) Stock Rockets 28% But Many Are Still Ignoring The CompanyImmobel SA ( EBR:IMMO ) shareholders are no doubt pleased to see that the share price has bounced 28% in the last...Reported Earnings • Mar 12Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €3.85 loss per share (down from €1.08 profit in FY 2022). Revenue: €162.8m (down 31% from FY 2022). Net loss: €38.4m (down 458% from profit in FY 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.分析記事 • Nov 03Are Investors Undervaluing Immobel SA (EBR:IMMO) By 32%?Key Insights Using the Dividend Discount Model, Immobel fair value estimate is €41.24 Immobel's €27.90 share price...Reported Earnings • Sep 19First half 2023 earnings releasedFirst half 2023 results: Revenue: €81.7m (down 36% from 1H 2022). Net loss: €2.79m (down 131% from profit in 1H 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Buying Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €43.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 34% per annum. Earnings is also forecast to grow by 47% per annum over the same time period.分析記事 • Jun 28A Look At The Fair Value Of Immobel SA (EBR:IMMO)Key Insights The projected fair value for Immobel is €36.79 based on Dividend Discount Model With €35.05 share price...Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €45.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Real Estate industry in Europe. Total loss to shareholders of 18% over the past three years.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Patrick Albrand was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to €47.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Real Estate industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.03 per share.Buying Opportunity • Oct 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €53.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €43.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Real Estate industry in Europe. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €53.78 per share.分析記事 • Sep 24Calculating The Intrinsic Value Of Immobel SA (EBR:IMMO)Today we will run through one way of estimating the intrinsic value of Immobel SA ( EBR:IMMO ) by taking the expected...分析記事 • Jun 14We Think Immobel (EBR:IMMO) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Price Target Changed • Apr 27Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of €67.60. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €9.52 for next year compared to €3.58 last year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Wolfgang de Limburg Stirum was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Wolfgang de Limburg Stirum was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Price Target Changed • Sep 13Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of €75.50. Stock is up 9.7% over the past year.Reported Earnings • Sep 12First half 2021 earnings released: EPS €3.00 (vs €2.43 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €178.4m (down 14% from 1H 2020). Net income: €29.9m (up 37% from 1H 2020). Profit margin: 17% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.分析記事 • Jun 01These 4 Measures Indicate That Immobel (EBR:IMMO) Is Using Debt In A Risky WayWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...分析記事 • Feb 18Would IMMOBEL SA (EBR:IMMO) Be Valuable To Income Investors?Could IMMOBEL SA ( EBR:IMMO ) be an attractive dividend share to own for the long haul? Investors are often drawn to...分析記事 • Jan 28Did IMMOBEL SA (EBR:IMMO) Use Debt To Deliver Its ROE Of 14%?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...分析記事 • Jan 08Does IMMOBEL's (EBR:IMMO) Statutory Profit Adequately Reflect Its Underlying Profit?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...お知らせ • Jan 06IMMOBEL SA announced that it has received €17.303814 million in fundingIMMOBEL SA (ENXTBR:IMMO) announced a private placement of 262,179 treasury shares at €66 per share for a gross proceeds of €17,303,814 on January 5, 2021. The transaction included participation from qualified international institutional investors. The shares amounted to approximately 2.6% of outstanding share capital of the company. The Shares placed via the accelerated bookbuilding process. The shares are subject to a lock-up of 90 days following the transaction, subject to customary exceptions.Is New 90 Day High Low • Dec 29New 90-day high: €69.00The company is up 6.0% from its price of €65.40 on 30 September 2020. The Belgian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.90 per share.分析記事 • Dec 17Broker Revenue Forecasts For IMMOBEL SA (EBR:IMMO) Are Surging HigherCelebrations may be in order for IMMOBEL SA ( EBR:IMMO ) shareholders, with the analysts delivering a significant...Major Estimate Revision • Dec 17Analysts update estimatesThe 2020 consensus revenue estimate increased from €323.8m to €364.2m. Earning per share (EPS) estimate was unchanged from the last update at €3.58. The Real Estate industry in Belgium is expected to see a 20% decline in net income next year. The consensus price target of €74.67 was unchanged from the last update. Share price stayed mostly flat at €64.20 over the past week.お知らせ • Dec 17IMMOBEL SA (ENXTBR:IMMO) reached an agreement to acquire Etmofina NV from TOTAL SE (ENXTPA:FP).IMMOBEL SA (ENXTBR:IMMO) reached an agreement to acquire Etmofina NV from TOTAL SE (ENXTPA:FP) on December 15, 2020.分析記事 • Dec 08Investors Who Bought IMMOBEL (EBR:IMMO) Shares Three Years Ago Are Now Up 18%One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive...分析記事 • Nov 19Is IMMOBEL SA (EBR:IMMO) An Attractive Dividend Stock?Today we'll take a closer look at IMMOBEL SA (EBR:IMMO) from a dividend investor's perspective. Owning a strong...Is New 90 Day High Low • Oct 27New 90-day low: €62.40The company is down 4.0% from its price of €65.20 on 29 July 2020. The Belgian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.68 per share.分析記事 • Aug 18Is IMMOBEL SA (EBR:IMMO) A Good Fit For Your Dividend Portfolio?Today we'll take a closer look at IMMOBEL SA (EBR:IMMO) from a dividend investor's perspective. Owning a strong...業績と収益の成長予測ENXTBR:IMMO - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202834256213213212/31/202750669147147312/31/2026555483333212/31/202533448157158N/A9/30/202537438135134N/A6/30/202541427112111N/A3/31/2025396-338383N/A12/31/2024378-945455N/A9/30/2024282-109-5-3N/A6/30/2024186-125-65-62N/A3/31/2024171-82-97-94N/A12/31/2023156-38-128-125N/A9/30/2023172-20-134-131N/A6/30/2023188-1-140-137N/A3/31/20232125-113-109N/A12/31/202223611-85-80N/A9/30/202228641-67-60N/A6/30/202233671-48-40N/A3/31/202236382-32-24N/A12/31/202138992-16-7N/A9/30/202136467-63-57N/A6/30/202133941-111-106N/A3/31/202135237-84-81N/A12/31/202036433-57-56N/A9/30/202042351-25-22N/A6/30/202048168713N/A3/31/202044585-74-68N/A12/31/2019409102-154-148N/A9/30/2019381100N/A-133N/A6/30/201935398N/A-117N/A3/31/201933378N/A-89N/A12/31/201831357N/A-61N/A9/30/201825039N/A-38N/A6/30/201818721N/A-14N/A3/31/201816616N/A-14N/A12/31/201714511N/A-15N/A9/30/201718919N/A7N/A6/30/201723227N/A29N/A3/31/201724740N/A52N/A12/31/201626252N/A75N/A9/30/201619345N/A48N/A6/30/201612437N/A21N/A3/31/201610631N/A18N/A12/31/20158824N/A16N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: IMMOの予測収益成長率 (年間10.4% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: IMMOの収益 ( 10.4% ) Belgian市場 ( 13.2% ) よりも低い成長が予測されています。高成長収益: IMMOの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: IMMOの収益 ( 3% ) Belgian市場 ( 6.6% ) よりも低い成長が予測されています。高い収益成長: IMMOの収益 ( 3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: IMMOの 自己資本利益率 は、3年後には低くなると予測されています ( 9.8 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 06:47終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Immobel SA 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Kai KloseBerenbergVincent KoppmairDegroof PetercamMarc ZwartsenburgING Groep NV2 その他のアナリストを表示
Price Target Changed • Mar 12Price target decreased by 17% to €35.00Down from €42.00, the current price target is an average from 3 analysts. New target price is 105% above last closing price of €17.10. Stock is down 31% over the past year.
Price Target Changed • Apr 27Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of €67.60. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €9.52 for next year compared to €3.58 last year.
Price Target Changed • Sep 13Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of €75.50. Stock is up 9.7% over the past year.
Major Estimate Revision • Dec 17Analysts update estimatesThe 2020 consensus revenue estimate increased from €323.8m to €364.2m. Earning per share (EPS) estimate was unchanged from the last update at €3.58. The Real Estate industry in Belgium is expected to see a 20% decline in net income next year. The consensus price target of €74.67 was unchanged from the last update. Share price stayed mostly flat at €64.20 over the past week.
New Risk • Apr 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (142% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change).
Reported Earnings • Mar 08Full year 2025 earnings releasedFull year 2025 results: Revenue: €456.4m (up 21% from FY 2024). Net income: €48.4m (up €142.2m from FY 2024). Profit margin: 11% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Belgium are expected to grow by 15%.
New Risk • Mar 05New major risk - Revenue and earnings growthEarnings have declined by 58% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 58% per year over the past 5 years.
分析記事 • Oct 28Immobel SA (EBR:IMMO) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-sales (or "P/S") ratio of 0.6x Immobel SA ( EBR:IMMO ) may be sending very bullish signals at the...
分析記事 • Sep 20Immobel's (EBR:IMMO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for Immobel SA's ( EBR:IMMO ) stock hasn't moved much. We did some...
Reported Earnings • Sep 15First half 2025 earnings released: EPS: €3.08 (vs €8.87 loss in 1H 2024)First half 2025 results: EPS: €3.08 (up from €8.87 loss in 1H 2024). Revenue: €148.3m (up 33% from 1H 2024). Net income: €31.5m (up €120.7m from 1H 2024). Profit margin: 21% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
New Risk • Jul 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change).
分析記事 • Jul 12Immobel SA (EBR:IMMO) Stock Catapults 26% Though Its Price And Business Still Lag The IndustryImmobel SA ( EBR:IMMO ) shares have continued their recent momentum with a 26% gain in the last month alone. But the...
分析記事 • Apr 30Immobel (EBR:IMMO) Has Debt But No Earnings; Should You Worry?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Price Target Changed • Mar 12Price target decreased by 17% to €35.00Down from €42.00, the current price target is an average from 3 analysts. New target price is 105% above last closing price of €17.10. Stock is down 31% over the past year.
Reported Earnings • Mar 09Full year 2024 earnings releasedFull year 2024 results: Revenue: €377.5m (up 141% from FY 2023). Net loss: €93.7m (loss widened 144% from FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 1.2% decline forecast for the Real Estate industry in Europe.
New Risk • Mar 07New major risk - Revenue and earnings growthEarnings have declined by 64% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 64% per year over the past 5 years.
分析記事 • Feb 28Many Still Looking Away From Immobel SA (EBR:IMMO)Immobel SA's ( EBR:IMMO ) price-to-sales (or "P/S") ratio of 1x might make it look like a strong buy right now compared...
New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
分析記事 • Apr 05Immobel SA (EBR:IMMO) Stock Rockets 28% But Many Are Still Ignoring The CompanyImmobel SA ( EBR:IMMO ) shareholders are no doubt pleased to see that the share price has bounced 28% in the last...
Reported Earnings • Mar 12Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €3.85 loss per share (down from €1.08 profit in FY 2022). Revenue: €162.8m (down 31% from FY 2022). Net loss: €38.4m (down 458% from profit in FY 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
分析記事 • Nov 03Are Investors Undervaluing Immobel SA (EBR:IMMO) By 32%?Key Insights Using the Dividend Discount Model, Immobel fair value estimate is €41.24 Immobel's €27.90 share price...
Reported Earnings • Sep 19First half 2023 earnings releasedFirst half 2023 results: Revenue: €81.7m (down 36% from 1H 2022). Net loss: €2.79m (down 131% from profit in 1H 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €43.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 34% per annum. Earnings is also forecast to grow by 47% per annum over the same time period.
分析記事 • Jun 28A Look At The Fair Value Of Immobel SA (EBR:IMMO)Key Insights The projected fair value for Immobel is €36.79 based on Dividend Discount Model With €35.05 share price...
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €45.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Real Estate industry in Europe. Total loss to shareholders of 18% over the past three years.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Patrick Albrand was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to €47.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Real Estate industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.03 per share.
Buying Opportunity • Oct 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €53.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €43.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Real Estate industry in Europe. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €53.78 per share.
分析記事 • Sep 24Calculating The Intrinsic Value Of Immobel SA (EBR:IMMO)Today we will run through one way of estimating the intrinsic value of Immobel SA ( EBR:IMMO ) by taking the expected...
分析記事 • Jun 14We Think Immobel (EBR:IMMO) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Price Target Changed • Apr 27Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of €67.60. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €9.52 for next year compared to €3.58 last year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Wolfgang de Limburg Stirum was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Wolfgang de Limburg Stirum was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Price Target Changed • Sep 13Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of €75.50. Stock is up 9.7% over the past year.
Reported Earnings • Sep 12First half 2021 earnings released: EPS €3.00 (vs €2.43 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €178.4m (down 14% from 1H 2020). Net income: €29.9m (up 37% from 1H 2020). Profit margin: 17% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
分析記事 • Jun 01These 4 Measures Indicate That Immobel (EBR:IMMO) Is Using Debt In A Risky WayWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
分析記事 • Feb 18Would IMMOBEL SA (EBR:IMMO) Be Valuable To Income Investors?Could IMMOBEL SA ( EBR:IMMO ) be an attractive dividend share to own for the long haul? Investors are often drawn to...
分析記事 • Jan 28Did IMMOBEL SA (EBR:IMMO) Use Debt To Deliver Its ROE Of 14%?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
分析記事 • Jan 08Does IMMOBEL's (EBR:IMMO) Statutory Profit Adequately Reflect Its Underlying Profit?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
お知らせ • Jan 06IMMOBEL SA announced that it has received €17.303814 million in fundingIMMOBEL SA (ENXTBR:IMMO) announced a private placement of 262,179 treasury shares at €66 per share for a gross proceeds of €17,303,814 on January 5, 2021. The transaction included participation from qualified international institutional investors. The shares amounted to approximately 2.6% of outstanding share capital of the company. The Shares placed via the accelerated bookbuilding process. The shares are subject to a lock-up of 90 days following the transaction, subject to customary exceptions.
Is New 90 Day High Low • Dec 29New 90-day high: €69.00The company is up 6.0% from its price of €65.40 on 30 September 2020. The Belgian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.90 per share.
分析記事 • Dec 17Broker Revenue Forecasts For IMMOBEL SA (EBR:IMMO) Are Surging HigherCelebrations may be in order for IMMOBEL SA ( EBR:IMMO ) shareholders, with the analysts delivering a significant...
Major Estimate Revision • Dec 17Analysts update estimatesThe 2020 consensus revenue estimate increased from €323.8m to €364.2m. Earning per share (EPS) estimate was unchanged from the last update at €3.58. The Real Estate industry in Belgium is expected to see a 20% decline in net income next year. The consensus price target of €74.67 was unchanged from the last update. Share price stayed mostly flat at €64.20 over the past week.
お知らせ • Dec 17IMMOBEL SA (ENXTBR:IMMO) reached an agreement to acquire Etmofina NV from TOTAL SE (ENXTPA:FP).IMMOBEL SA (ENXTBR:IMMO) reached an agreement to acquire Etmofina NV from TOTAL SE (ENXTPA:FP) on December 15, 2020.
分析記事 • Dec 08Investors Who Bought IMMOBEL (EBR:IMMO) Shares Three Years Ago Are Now Up 18%One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive...
分析記事 • Nov 19Is IMMOBEL SA (EBR:IMMO) An Attractive Dividend Stock?Today we'll take a closer look at IMMOBEL SA (EBR:IMMO) from a dividend investor's perspective. Owning a strong...
Is New 90 Day High Low • Oct 27New 90-day low: €62.40The company is down 4.0% from its price of €65.20 on 29 July 2020. The Belgian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.68 per share.
分析記事 • Aug 18Is IMMOBEL SA (EBR:IMMO) A Good Fit For Your Dividend Portfolio?Today we'll take a closer look at IMMOBEL SA (EBR:IMMO) from a dividend investor's perspective. Owning a strong...