View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsBefimmo 過去の業績過去 基準チェック /26主要情報-3.67%収益成長率-5.21%EPS成長率REITs 業界の成長12.21%収益成長率-4.12%株主資本利益率7.24%ネット・マージン98.37%次回の業績アップデート16 Feb 2023最近の業績更新Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: €2.99 (vs €0.58 in 2Q 2021)Second quarter 2022 results: EPS: €2.99 (up from €0.58 in 2Q 2021). Revenue: €33.6m (up 5.2% from 2Q 2021). Net income: €80.9m (up 416% from 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 1.2% growth forecast for the industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €3.31 (up from €2.13 in FY 2020). Revenue: €132.0m (down 9.5% from FY 2020). Net income: €89.4m (up 55% from FY 2020). Profit margin: 68% (up from 40% in FY 2020). Net asset value (NAV) per share: €60.35 (up 2.5% from FY 2020). The current share price is 22% lower than NAV per share. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is expected to shrink by 3.0% compared to a 2.3% growth forecast for the reits industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 20Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €3.31 (up from €2.13 in FY 2020). Revenue: €132.0m (down 9.5% from FY 2020). Net income: €89.4m (up 55% from FY 2020). Profit margin: 68% (up from 40% in FY 2020). Net asset value (NAV) per share: €60.35 (up 2.5% from FY 2020). The current share price is 47% lower than NAV per share. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is forecast to decline by -6.8% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Feb 18+ 5 more updatesBefimmo SA to Report Q1, 2022 Results on May 17, 2022Befimmo SA announced that they will report Q1, 2022 results After-Market on May 17, 2022Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS €1.05 (vs €1.11 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: €29.9m (down 15% from 3Q 2020). Net income: €28.4m (down 4.0% from 3Q 2020). Profit margin: 95% (up from 85% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS €0.58 (vs €0.54 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €31.9m (down 12% from 2Q 2020). Net income: €15.7m (up 8.3% from 2Q 2020). Profit margin: 49% (up from 40% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.すべての更新を表示Recent updatesお知らせ • Nov 18Befimmo SA Appoints Olivier De Bisscop as New Chief Portfolio Officer, Effective January 2023Befimmo SA announced the appointment of Olivier De Bisscop as the new Chief Portfolio Officer. Olivier De Bisscop will officially take up his duties as Chief Portfolio Officer in January 2023. In this capacity, he will have oversight of the Investment, Commercial and Property Management of the existing portfolio. Olivier will also drive several of the key strategic objectives which have been set under the new strategy. He will be part of the Senior Leadership of Befimmo and will report to Jean-Philip Vroninks, CEO. Olivier comes to Befimmo with very strong real estate credentials, as he is currently the Regional Head for Western Europe Core/Core+ Real Estate at Macquarie Asset Management (MAM) and worked for several years as Head of Transactions for GLL Real Estate Partners, Western Europe. Olivier De Bisscop's career path demonstrates a recognised international expertise in the field of real estate. This expertise is marked both by the quality of the positions he has held and by his strong track record and value creation in Transactions and Asset Management.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Chairman of the Board Vincent Querton was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: €2.99 (vs €0.58 in 2Q 2021)Second quarter 2022 results: EPS: €2.99 (up from €0.58 in 2Q 2021). Revenue: €33.6m (up 5.2% from 2Q 2021). Net income: €80.9m (up 416% from 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 1.2% growth forecast for the industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Jun 24Befimmo Announces the Appointment of Philippe Berlamont as the New Chief Financial OfficerBefimmo announced the appointment of Philippe Berlamont as the new Chief Financial Officer (CFO).Board Change • Jun 01Insufficient 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. 4 experienced directors. 4 highly experienced directors. CEO, MD & Executive Director Jean-Philip Vroninks 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.Board Change • May 02Insufficient 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. 4 experienced directors. 4 highly experienced directors. CEO, MD & Executive Director Jean-Philip Vroninks 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.Upcoming Dividend • Apr 27Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 04 May 2022. Payment date: 06 May 2022. Trailing yield: 3.9%. Lower than top quartile of Belgian dividend payers (5.4%). In line with average of industry peers (3.6%).Reported Earnings • Mar 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €3.31 (up from €2.13 in FY 2020). Revenue: €132.0m (down 9.5% from FY 2020). Net income: €89.4m (up 55% from FY 2020). Profit margin: 68% (up from 40% in FY 2020). Net asset value (NAV) per share: €60.35 (up 2.5% from FY 2020). The current share price is 22% lower than NAV per share. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is expected to shrink by 3.0% compared to a 2.3% growth forecast for the reits industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Mar 01Consensus EPS estimates increase by 20%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €123.0m to €128.0m. EPS estimate increased from €1.52 to €1.82 per share. Net income forecast to shrink 45% next year vs 18% decline forecast for REITs industry in Belgium. Consensus price target broadly unchanged at €49.33. Share price rose 48% to €47.55 over the past week.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improved over the past weekAfter last week's 48% share price gain to €47.70, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 14x in the REITs industry in Belgium. Total returns to shareholders of 12% over the past three years.Reported Earnings • Feb 20Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €3.31 (up from €2.13 in FY 2020). Revenue: €132.0m (down 9.5% from FY 2020). Net income: €89.4m (up 55% from FY 2020). Profit margin: 68% (up from 40% in FY 2020). Net asset value (NAV) per share: €60.35 (up 2.5% from FY 2020). The current share price is 47% lower than NAV per share. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is forecast to decline by -6.8% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Feb 18+ 5 more updatesBefimmo SA to Report Q1, 2022 Results on May 17, 2022Befimmo SA announced that they will report Q1, 2022 results After-Market on May 17, 2022Upcoming Dividend • Dec 08Upcoming dividend of €0.88 per shareEligible shareholders must have bought the stock before 15 December 2021. Payment date: 17 December 2021. Trailing yield: 7.0%. Within top quartile of Belgian dividend payers (4.8%). Higher than average of industry peers (3.5%).Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS €1.05 (vs €1.11 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: €29.9m (down 15% from 3Q 2020). Net income: €28.4m (down 4.0% from 3Q 2020). Profit margin: 95% (up from 85% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS €0.58 (vs €0.54 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €31.9m (down 12% from 2Q 2020). Net income: €15.7m (up 8.3% from 2Q 2020). Profit margin: 49% (up from 40% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • May 13First quarter 2021 earnings released: EPS €1.15 (vs €0.38 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €38.6m (down 10% from 1Q 2020). Net income: €31.1m (up 204% from 1Q 2020). Profit margin: 81% (up from 24% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Apr 28Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 05 May 2021. Payment date: 07 May 2021. Trailing yield: 6.4%. Within top quartile of Belgian dividend payers (4.5%). Higher than average of industry peers (4.0%).Major Estimate Revision • Mar 17Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from €123.4m to €130.6m. EPS estimate fell from €1.72 to €1.15 per share. Net income forecast to shrink 111% next year vs 45% growth forecast for REITs industry in Belgium . Consensus price target down from €49.10 to €48.10. Share price fell 3.5% to €33.15 over the past week.Major Estimate Revision • Feb 25Analysts update estimatesThe 2021 consensus revenue estimate was lowered from €143.5m to €123.4m. Earning per share (EPS) estimate was unchanged from the last update at €0.65. The REITs industry in Belgium is expected to see an average net income growth of 5.1% next year. The consensus price target of €49.10 was unchanged from the last update. Share price is down by 1.0% to €33.95 over the past week.お知らせ • Feb 24Befimmo SA (ENXTBR : BEFB) acquired 94-year long lease on the office building of the "Esprit Courbevoie" project for €27 million.Befimmo SA (ENXTBR : BEFB) acquired 94-year long lease on the office building of the "Esprit Courbevoie" project for €27 million on February 22, 2021. Befimmo SA (ENXTBR : BEFB) completed the acquisition of 94-year long lease on the office building of the "Esprit Courbevoie" project on February 22, 2021.Reported Earnings • Feb 21Full year 2020 earnings released: EPS €2.13 (vs €6.95 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €148.1m (down 2.6% from FY 2019). Net income: €57.7m (down 68% from FY 2019). Profit margin: 39% (down from 117% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Analyst Estimate Surprise Post Earnings • Feb 21Revenue and earnings miss expectationsRevenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 12% compared to a 2.6% growth forecast for the REITs industry in Belgium.お知らせ • Feb 18Befimmo SA (ENXTBR : BEFB) acquired Cubus building in Howald, Luxembourg for €30 million.Befimmo SA (ENXTBR : BEFB) acquired Cubus building in Howald, Luxembourg for €30 million on February 17, 2021. Befimmo SA (ENXTBR : BEFB) completed the acquisition of the Cubus building in Howald, Luxembourg on February 17, 2021.Is New 90 Day High Low • Feb 13New 90-day low: €34.25The company is down 6.0% from its price of €36.55 on 13 November 2020. The Belgian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €63.59 per share.お知らせ • Feb 05Befimmo Appoints Jean-Philip Vroninks as CEOThe Board of Directors of Befimmo announced the appointment, upon proposal of the Nomination and Remuneration Committee, of Jean-Philip Vroninks as CEO of the Company. His appointment as Managing Director will be submitted for approval at the next General Meeting of Shareholders in April 2021. Jean-Philip, currently Executive Director of Jones Lang Lasalle Belgium-Luxembourg, will join Befimmo in the coming months.お知らせ • Dec 26An unknown buyer acquired Five Office Buildings in Brussels from Befimmo SA (ENXTBR:BEFB) for approximately €140 million.An unknown buyer acquired Five Office Buildings in Brussels from Befimmo SA (ENXTBR:BEFB) for approximately €140 million on December 24, 2020. The buildings include Media building, Guimard, Froissart, Schuman 3 and Schuman 11 buildings. The proceeds of the disposals will be used to finance ongoing development projects and ensure Befimmo’s capacity for growth. An unknown buyer completed the acquisition of Five Office Buildings in Brussels from Befimmo SA (ENXTBR:BEFB) on December 24, 2020.分析記事 • Nov 21Our View On Befimmo's (EBR:BEFB) CEO PayBenoît De Blieck became the CEO of Befimmo SA (EBR:BEFB) in 1999, and we think it's a good time to look at the...Major Estimate Revision • Nov 04Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from €2.67 to €3.36. No change was made to the revenue estimate which at the last update was €134.8m. Net income is expected to shrink by 39% next year compared to 25% decline forecast for the REITs industry in Belgium. The consensus price target was lowered from €49.67 to €49.17. Share price is down by 2.9% to €33.15 over the past week.Is New 90 Day High Low • Nov 04New 90-day low: €33.15The company is down 15% from its price of €38.90 on 05 August 2020. The Belgian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.69 per share.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of €117.3m, down 8.0% from the prior year. Total revenue was €154.1m over the last 12 months, up 2.2% from the prior year. Note: Net income excluding extraordinary items provided as the company does not report funds from operations.Is New 90 Day High Low • Oct 16New 90-day low: €35.85The company is down 4.0% from its price of €37.45 on 17 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 REITs industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €64.50 per share.お知らせ • Oct 03+ 1 more updateThe Goldman Sachs Group, Inc. (NYSE:GS) completed the acquisition of 99-Year Leasehold on the Blue Tower in Brussels from Befimmo SA (ENXTBR:BEFB).The Goldman Sachs Group, Inc. (NYSE:GS) reached an agreement to acquire a 99-Year Leasehold on the Blue Tower in Brussels from Befimmo SA (ENXTBR:BEFB) for approximately €110 million on August 10, 2020. The transaction is subject to a condition precedent. The proceeds will contribute to the financing of the ongoing development projects and ensuring a capacity for growth of Befimmo. The impact on the LTV ratio is -2.5%. It will have an impact on the EPRA earnings forecast of about -€0.04 per share in 2020. The Goldman Sachs Group, Inc. (NYSE:GS) completed the acquisition of 99-Year Leasehold on the Blue Tower in Brussels from Befimmo SA (ENXTBR:BEFB) on October 2, 2020.Is New 90 Day High Low • Sep 25New 90-day low: €36.65The company is down 7.0% from its price of €39.60 on 26 June 2020. The Belgian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs 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 €64.50 per share.収支内訳Befimmo の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史ENXTBR:BEFB 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費30 Sep 2212812623030 Jun 2212417129031 Mar 2212310629031 Dec 211328925030 Sep 211347921030 Jun 211378021031 Mar 211417919031 Dec 201465819030 Sep 2015311718030 Jun 2015710218031 Mar 2016011617031 Dec 1915217817030 Sep 1915112717030 Jun 1915114516031 Mar 1915013415031 Dec 181568314030 Sep 181559113030 Jun 181558013031 Mar 1815410613031 Dec 1715113612030 Sep 1715217712030 Jun 1715017612031 Mar 1714815011031 Dec 161459010030 Sep 161455110030 Jun 161455310031 Mar 1614763100質の高い収益: BEFBには€68.2M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が30th September, 2022に影響を及ぼしています。利益率の向上: BEFBの現在の純利益率 (98.4%)は、昨年(58.7%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: BEFBの収益は過去 5 年間で年間3.7%減少しました。成長の加速: BEFBの過去 1 年間の収益成長率 ( 60.8% ) は、5 年間の平均 ( 年間-3.7%を上回っています。収益対業界: BEFBの過去 1 年間の収益成長率 ( 60.8% ) REITs業界13%を上回りませんでした。株主資本利益率高いROE: BEFBの 自己資本利益率 ( 7.2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YReal-estate 、過去の業績が好調な企業。View Financial Health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2023/01/05 21:18終値2023/01/03 00:00収益2022/09/30年間収益2021/12/31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Befimmo SA 1 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。7 アナリスト機関Nicholas WebbBNP ParibasValerie Jacob GueziBNP ParibasJoël GorseléDegroof Petercam4 その他のアナリストを表示
Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: €2.99 (vs €0.58 in 2Q 2021)Second quarter 2022 results: EPS: €2.99 (up from €0.58 in 2Q 2021). Revenue: €33.6m (up 5.2% from 2Q 2021). Net income: €80.9m (up 416% from 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 1.2% growth forecast for the industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €3.31 (up from €2.13 in FY 2020). Revenue: €132.0m (down 9.5% from FY 2020). Net income: €89.4m (up 55% from FY 2020). Profit margin: 68% (up from 40% in FY 2020). Net asset value (NAV) per share: €60.35 (up 2.5% from FY 2020). The current share price is 22% lower than NAV per share. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is expected to shrink by 3.0% compared to a 2.3% growth forecast for the reits industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 20Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €3.31 (up from €2.13 in FY 2020). Revenue: €132.0m (down 9.5% from FY 2020). Net income: €89.4m (up 55% from FY 2020). Profit margin: 68% (up from 40% in FY 2020). Net asset value (NAV) per share: €60.35 (up 2.5% from FY 2020). The current share price is 47% lower than NAV per share. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is forecast to decline by -6.8% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 18+ 5 more updatesBefimmo SA to Report Q1, 2022 Results on May 17, 2022Befimmo SA announced that they will report Q1, 2022 results After-Market on May 17, 2022
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS €1.05 (vs €1.11 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: €29.9m (down 15% from 3Q 2020). Net income: €28.4m (down 4.0% from 3Q 2020). Profit margin: 95% (up from 85% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS €0.58 (vs €0.54 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €31.9m (down 12% from 2Q 2020). Net income: €15.7m (up 8.3% from 2Q 2020). Profit margin: 49% (up from 40% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.
お知らせ • Nov 18Befimmo SA Appoints Olivier De Bisscop as New Chief Portfolio Officer, Effective January 2023Befimmo SA announced the appointment of Olivier De Bisscop as the new Chief Portfolio Officer. Olivier De Bisscop will officially take up his duties as Chief Portfolio Officer in January 2023. In this capacity, he will have oversight of the Investment, Commercial and Property Management of the existing portfolio. Olivier will also drive several of the key strategic objectives which have been set under the new strategy. He will be part of the Senior Leadership of Befimmo and will report to Jean-Philip Vroninks, CEO. Olivier comes to Befimmo with very strong real estate credentials, as he is currently the Regional Head for Western Europe Core/Core+ Real Estate at Macquarie Asset Management (MAM) and worked for several years as Head of Transactions for GLL Real Estate Partners, Western Europe. Olivier De Bisscop's career path demonstrates a recognised international expertise in the field of real estate. This expertise is marked both by the quality of the positions he has held and by his strong track record and value creation in Transactions and Asset Management.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Chairman of the Board Vincent Querton was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: €2.99 (vs €0.58 in 2Q 2021)Second quarter 2022 results: EPS: €2.99 (up from €0.58 in 2Q 2021). Revenue: €33.6m (up 5.2% from 2Q 2021). Net income: €80.9m (up 416% from 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 1.2% growth forecast for the industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 24Befimmo Announces the Appointment of Philippe Berlamont as the New Chief Financial OfficerBefimmo announced the appointment of Philippe Berlamont as the new Chief Financial Officer (CFO).
Board Change • Jun 01Insufficient 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. 4 experienced directors. 4 highly experienced directors. CEO, MD & Executive Director Jean-Philip Vroninks 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.
Board Change • May 02Insufficient 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. 4 experienced directors. 4 highly experienced directors. CEO, MD & Executive Director Jean-Philip Vroninks 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.
Upcoming Dividend • Apr 27Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 04 May 2022. Payment date: 06 May 2022. Trailing yield: 3.9%. Lower than top quartile of Belgian dividend payers (5.4%). In line with average of industry peers (3.6%).
Reported Earnings • Mar 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €3.31 (up from €2.13 in FY 2020). Revenue: €132.0m (down 9.5% from FY 2020). Net income: €89.4m (up 55% from FY 2020). Profit margin: 68% (up from 40% in FY 2020). Net asset value (NAV) per share: €60.35 (up 2.5% from FY 2020). The current share price is 22% lower than NAV per share. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is expected to shrink by 3.0% compared to a 2.3% growth forecast for the reits industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Mar 01Consensus EPS estimates increase by 20%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €123.0m to €128.0m. EPS estimate increased from €1.52 to €1.82 per share. Net income forecast to shrink 45% next year vs 18% decline forecast for REITs industry in Belgium. Consensus price target broadly unchanged at €49.33. Share price rose 48% to €47.55 over the past week.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improved over the past weekAfter last week's 48% share price gain to €47.70, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 14x in the REITs industry in Belgium. Total returns to shareholders of 12% over the past three years.
Reported Earnings • Feb 20Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €3.31 (up from €2.13 in FY 2020). Revenue: €132.0m (down 9.5% from FY 2020). Net income: €89.4m (up 55% from FY 2020). Profit margin: 68% (up from 40% in FY 2020). Net asset value (NAV) per share: €60.35 (up 2.5% from FY 2020). The current share price is 47% lower than NAV per share. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is forecast to decline by -6.8% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 18+ 5 more updatesBefimmo SA to Report Q1, 2022 Results on May 17, 2022Befimmo SA announced that they will report Q1, 2022 results After-Market on May 17, 2022
Upcoming Dividend • Dec 08Upcoming dividend of €0.88 per shareEligible shareholders must have bought the stock before 15 December 2021. Payment date: 17 December 2021. Trailing yield: 7.0%. Within top quartile of Belgian dividend payers (4.8%). Higher than average of industry peers (3.5%).
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS €1.05 (vs €1.11 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: €29.9m (down 15% from 3Q 2020). Net income: €28.4m (down 4.0% from 3Q 2020). Profit margin: 95% (up from 85% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS €0.58 (vs €0.54 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €31.9m (down 12% from 2Q 2020). Net income: €15.7m (up 8.3% from 2Q 2020). Profit margin: 49% (up from 40% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • May 13First quarter 2021 earnings released: EPS €1.15 (vs €0.38 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €38.6m (down 10% from 1Q 2020). Net income: €31.1m (up 204% from 1Q 2020). Profit margin: 81% (up from 24% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Apr 28Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 05 May 2021. Payment date: 07 May 2021. Trailing yield: 6.4%. Within top quartile of Belgian dividend payers (4.5%). Higher than average of industry peers (4.0%).
Major Estimate Revision • Mar 17Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from €123.4m to €130.6m. EPS estimate fell from €1.72 to €1.15 per share. Net income forecast to shrink 111% next year vs 45% growth forecast for REITs industry in Belgium . Consensus price target down from €49.10 to €48.10. Share price fell 3.5% to €33.15 over the past week.
Major Estimate Revision • Feb 25Analysts update estimatesThe 2021 consensus revenue estimate was lowered from €143.5m to €123.4m. Earning per share (EPS) estimate was unchanged from the last update at €0.65. The REITs industry in Belgium is expected to see an average net income growth of 5.1% next year. The consensus price target of €49.10 was unchanged from the last update. Share price is down by 1.0% to €33.95 over the past week.
お知らせ • Feb 24Befimmo SA (ENXTBR : BEFB) acquired 94-year long lease on the office building of the "Esprit Courbevoie" project for €27 million.Befimmo SA (ENXTBR : BEFB) acquired 94-year long lease on the office building of the "Esprit Courbevoie" project for €27 million on February 22, 2021. Befimmo SA (ENXTBR : BEFB) completed the acquisition of 94-year long lease on the office building of the "Esprit Courbevoie" project on February 22, 2021.
Reported Earnings • Feb 21Full year 2020 earnings released: EPS €2.13 (vs €6.95 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €148.1m (down 2.6% from FY 2019). Net income: €57.7m (down 68% from FY 2019). Profit margin: 39% (down from 117% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Analyst Estimate Surprise Post Earnings • Feb 21Revenue and earnings miss expectationsRevenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 12% compared to a 2.6% growth forecast for the REITs industry in Belgium.
お知らせ • Feb 18Befimmo SA (ENXTBR : BEFB) acquired Cubus building in Howald, Luxembourg for €30 million.Befimmo SA (ENXTBR : BEFB) acquired Cubus building in Howald, Luxembourg for €30 million on February 17, 2021. Befimmo SA (ENXTBR : BEFB) completed the acquisition of the Cubus building in Howald, Luxembourg on February 17, 2021.
Is New 90 Day High Low • Feb 13New 90-day low: €34.25The company is down 6.0% from its price of €36.55 on 13 November 2020. The Belgian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €63.59 per share.
お知らせ • Feb 05Befimmo Appoints Jean-Philip Vroninks as CEOThe Board of Directors of Befimmo announced the appointment, upon proposal of the Nomination and Remuneration Committee, of Jean-Philip Vroninks as CEO of the Company. His appointment as Managing Director will be submitted for approval at the next General Meeting of Shareholders in April 2021. Jean-Philip, currently Executive Director of Jones Lang Lasalle Belgium-Luxembourg, will join Befimmo in the coming months.
お知らせ • Dec 26An unknown buyer acquired Five Office Buildings in Brussels from Befimmo SA (ENXTBR:BEFB) for approximately €140 million.An unknown buyer acquired Five Office Buildings in Brussels from Befimmo SA (ENXTBR:BEFB) for approximately €140 million on December 24, 2020. The buildings include Media building, Guimard, Froissart, Schuman 3 and Schuman 11 buildings. The proceeds of the disposals will be used to finance ongoing development projects and ensure Befimmo’s capacity for growth. An unknown buyer completed the acquisition of Five Office Buildings in Brussels from Befimmo SA (ENXTBR:BEFB) on December 24, 2020.
分析記事 • Nov 21Our View On Befimmo's (EBR:BEFB) CEO PayBenoît De Blieck became the CEO of Befimmo SA (EBR:BEFB) in 1999, and we think it's a good time to look at the...
Major Estimate Revision • Nov 04Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from €2.67 to €3.36. No change was made to the revenue estimate which at the last update was €134.8m. Net income is expected to shrink by 39% next year compared to 25% decline forecast for the REITs industry in Belgium. The consensus price target was lowered from €49.67 to €49.17. Share price is down by 2.9% to €33.15 over the past week.
Is New 90 Day High Low • Nov 04New 90-day low: €33.15The company is down 15% from its price of €38.90 on 05 August 2020. The Belgian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.69 per share.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of €117.3m, down 8.0% from the prior year. Total revenue was €154.1m over the last 12 months, up 2.2% from the prior year. Note: Net income excluding extraordinary items provided as the company does not report funds from operations.
Is New 90 Day High Low • Oct 16New 90-day low: €35.85The company is down 4.0% from its price of €37.45 on 17 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 REITs industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €64.50 per share.
お知らせ • Oct 03+ 1 more updateThe Goldman Sachs Group, Inc. (NYSE:GS) completed the acquisition of 99-Year Leasehold on the Blue Tower in Brussels from Befimmo SA (ENXTBR:BEFB).The Goldman Sachs Group, Inc. (NYSE:GS) reached an agreement to acquire a 99-Year Leasehold on the Blue Tower in Brussels from Befimmo SA (ENXTBR:BEFB) for approximately €110 million on August 10, 2020. The transaction is subject to a condition precedent. The proceeds will contribute to the financing of the ongoing development projects and ensuring a capacity for growth of Befimmo. The impact on the LTV ratio is -2.5%. It will have an impact on the EPRA earnings forecast of about -€0.04 per share in 2020. The Goldman Sachs Group, Inc. (NYSE:GS) completed the acquisition of 99-Year Leasehold on the Blue Tower in Brussels from Befimmo SA (ENXTBR:BEFB) on October 2, 2020.
Is New 90 Day High Low • Sep 25New 90-day low: €36.65The company is down 7.0% from its price of €39.60 on 26 June 2020. The Belgian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs 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 €64.50 per share.