View ValuationMontea Comm. VA 将来の成長Future 基準チェック /16Montea Comm. VA利益と収益がそれぞれ年間8.2%と5.2%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8.5% 2.7%なると予測されています。主要情報8.2%収益成長率2.65%EPS成長率Industrial REITs 収益成長11.0%収益成長率5.2%将来の株主資本利益率8.55%アナリストカバレッジGood最終更新日11 May 2026今後の成長に関する最新情報Major Estimate Revision • Aug 24Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €6.70 to €8.22. Revenue forecast steady at €143.1m. Net income forecast to grow 13% next year vs 27% growth forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €79.13. Share price rose 3.2% to €70.00 over the past week.Major Estimate Revision • Mar 28Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €139.5m to €142.3m. EPS estimate fell from €6.54 to €5.78 per share. Net income forecast to grow 9.1% next year vs 10% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €82.13 unchanged from last update. Share price rose 4.7% to €67.00 over the past week.Major Estimate Revision • May 10Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €7.53 to €8.71. Revenue forecast steady at €122.9m. Net income forecast to grow 61% next year vs 7.4% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €90.71 unchanged from last update. Share price was steady at €84.80 over the past week.Major Estimate Revision • Nov 08Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €5.19 to €4.20 per share. Revenue forecast steady at €109.5m. Net income forecast to grow 13% next year vs 8.2% decline forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €85.17. Share price rose 3.2% to €67.80 over the past week.Major Estimate Revision • Aug 24Consensus EPS estimates fall by 33%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €107.3m to €110.2m. EPS estimate fell from €6.50 to €4.32 per share. Net income forecast to shrink 33% next year vs 11% decline forecast for Industrial REITs industry in Belgium. Consensus price target of €87.33 unchanged from last update. Share price rose 4.6% to €72.80 over the past week.Major Estimate Revision • Jan 13Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €92.3m to €93.8m. EPS estimate increased from €11.79 to €13.31 per share. Net income forecast to shrink 81% next year vs 41% decline forecast for REITs industry in Belgium. Consensus price target down from €97.00 to €85.25. Share price rose 5.5% to €72.50 over the past week.すべての更新を表示Recent updatesNew Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.ライブニュース • May 13Montea Comm. VA Sees 6% EPRA EPS Gain With 99.6% Occupancy and 20% Rent UpliftEPRA earnings per share rose 6% in Q1 2026, supported by what the company described as strong operational performance. Like-for-like rental growth reached 2.7% and the portfolio occupancy rate stood at 99.6%. Montea signed or renewed 30,000 square meters of leases, with an average rent uplift of 20% on these contracts. The combination of very high occupancy, rent uplifts on new and renewed leases, and higher EPRA earnings per share points to a portfolio that is currently being used efficiently and priced higher on recent contracts. You may want to pay close attention to whether this level of rent uplift and occupancy can be maintained as leases roll over and as financing and construction costs evolve.お知らせ • May 12Montea Comm. VA, Annual General Meeting, May 19, 2026Montea Comm. VA, Annual General Meeting, May 19, 2026, at 10:00 Romance Standard Time.Reported Earnings • Apr 21Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €7.09 (down from €8.17 in FY 2024). Revenue: €173.1m (up 26% from FY 2024). Net income: €163.3m (down 4.8% from FY 2024). Profit margin: 94% (down from 125% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.New Risk • Mar 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.5% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Reported Earnings • Feb 13Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €7.09 (down from €8.17 in FY 2024). Revenue: €167.1m (up 22% from FY 2024). Net income: €163.3m (down 4.8% from FY 2024). Profit margin: 98% (down from 125% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.Buy Or Sell Opportunity • Nov 18Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.7% to €74.40. The fair value is estimated to be €61.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: €1.62 (vs €1.26 in 3Q 2024)Third quarter 2025 results: EPS: €1.62 (up from €1.26 in 3Q 2024). Revenue: €25.7m (up 10% from 3Q 2024). Net income: €37.4m (up 44% from 3Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Sep 10+ 1 more updateMontea Comm. VA to Report Fiscal Year 2025 Results on Feb 11, 2026Montea Comm. VA announced that they will report fiscal year 2025 results After-Market on Feb 11, 2026Major Estimate Revision • Aug 24Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €6.70 to €8.22. Revenue forecast steady at €143.1m. Net income forecast to grow 13% next year vs 27% growth forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €79.13. Share price rose 3.2% to €70.00 over the past week.Reported Earnings • Aug 22Second quarter 2025 earnings released: EPS: €2.30 (vs €3.74 in 2Q 2024)Second quarter 2025 results: EPS: €2.30 (down from €3.74 in 2Q 2024). Revenue: €46.0m (up 21% from 2Q 2024). Net income: €52.9m (down 30% from 2Q 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • May 23Montea Comm. VA announces Annual dividend, payable on June 04, 2025Montea Comm. VA announced Annual dividend of EUR 2.6200 per share payable on June 04, 2025, ex-date on May 23, 2025 and record date on May 26, 2025.New Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Reported Earnings • Apr 22Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €8.17 (up from €6.45 in FY 2023). Revenue: €137.2m (up 5.2% from FY 2023). Net income: €171.5m (up 45% from FY 2023). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrial REITs industry in Europe. 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 18% per year, which means it has not declined as severely as earnings.お知らせ • Apr 18+ 1 more updateMontea Comm. VA to Report First Half, 2025 Results on Aug 21, 2025Montea Comm. VA announced that they will report first half, 2025 results on Aug 21, 2025Major Estimate Revision • Mar 28Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €139.5m to €142.3m. EPS estimate fell from €6.54 to €5.78 per share. Net income forecast to grow 9.1% next year vs 10% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €82.13 unchanged from last update. Share price rose 4.7% to €67.00 over the past week.Reported Earnings • Feb 13Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €8.17 (up from €6.45 in FY 2023). Revenue: €137.2m (up 5.2% from FY 2023). Net income: €171.5m (up 45% from FY 2023). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. 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 14% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jan 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €61.10. The fair value is estimated to be €77.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are forecast to decline by 1.5% per annum over the same time period.New Risk • Nov 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding).New Risk • Nov 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding).Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: €1.26 (vs €1.87 in 3Q 2023)Third quarter 2024 results: EPS: €1.26 (down from €1.87 in 3Q 2023). Revenue: €23.3m (down 3.5% from 3Q 2023). Net income: €26.1m (down 24% from 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Sep 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to €76.60. The fair value is estimated to be €96.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Reported Earnings • Aug 23Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €38.1m (up 9.1% from 2Q 2023). Net income: €75.9m (up 48% from 2Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe.Buy Or Sell Opportunity • Aug 22Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €80.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.お知らせ • Aug 22+ 1 more updateMontea Comm. VA to Report Q1, 2025 Results on May 08, 2025Montea Comm. VA announced that they will report Q1, 2025 results After-Market on May 08, 2025Buy Or Sell Opportunity • Aug 05Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.2% to €78.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.Board Change • Jun 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. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Lieve Creten was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 19+ 1 more updateMontea Comm. VA to Report First Half, 2024 Results on Aug 20, 2024Montea Comm. VA announced that they will report first half, 2024 results on Aug 20, 2024Major Estimate Revision • May 10Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €7.53 to €8.71. Revenue forecast steady at €122.9m. Net income forecast to grow 61% next year vs 7.4% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €90.71 unchanged from last update. Share price was steady at €84.80 over the past week.Reported Earnings • Apr 22Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €6.45 (down from €12.37 in FY 2022). Revenue: €130.5m (up 18% from FY 2022). Net income: €118.5m (down 42% from FY 2022). Profit margin: 91% (down from 184% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 11Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €6.45 (down from €12.37 in FY 2022). Revenue: €130.5m (up 18% from FY 2022). Net income: €118.5m (down 42% from FY 2022). Profit margin: 91% (down from 184% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Feb 06Montea Comm. VA to Report Fiscal Year 2023 Final Results on Apr 18, 2024Montea Comm. VA announced that they will report fiscal year 2023 final results at 5:40 PM, Central European Standard Time on Apr 18, 2024Major Estimate Revision • Nov 08Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €5.19 to €4.20 per share. Revenue forecast steady at €109.5m. Net income forecast to grow 13% next year vs 8.2% decline forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €85.17. Share price rose 3.2% to €67.80 over the past week.Buying Opportunity • Nov 06Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be €88.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 4.7% in 2 years. Earnings is forecast to grow by 72% in the next 2 years.Reported Earnings • Nov 05Third quarter 2023 earnings released: EPS: €1.87 (vs €2.30 in 3Q 2022)Third quarter 2023 results: EPS: €1.87 (down from €2.30 in 3Q 2022). Revenue: €24.2m (up 14% from 3Q 2022). Net income: €34.2m (down 9.5% from 3Q 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 11% per year.Major Estimate Revision • Aug 24Consensus EPS estimates fall by 33%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €107.3m to €110.2m. EPS estimate fell from €6.50 to €4.32 per share. Net income forecast to shrink 33% next year vs 11% decline forecast for Industrial REITs industry in Belgium. Consensus price target of €87.33 unchanged from last update. Share price rose 4.6% to €72.80 over the past week.Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: €2.84 (vs €6.14 in 2Q 2022)Second quarter 2023 results: EPS: €2.84 (down from €6.14 in 2Q 2022). Revenue: €34.9m (up 17% from 2Q 2022). Net income: €51.3m (down 49% from 2Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Jun 14+ 2 more updatesMontea Comm. VA to Report Fiscal Year 2023 Results on Feb 07, 2024Montea Comm. VA announced that they will report fiscal year 2023 results at 5:40 PM, Central European Standard Time on Feb 07, 2024Major Estimate Revision • Jan 13Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €92.3m to €93.8m. EPS estimate increased from €11.79 to €13.31 per share. Net income forecast to shrink 81% next year vs 41% decline forecast for REITs industry in Belgium. Consensus price target down from €97.00 to €85.25. Share price rose 5.5% to €72.50 over the past week.Price Target Changed • Nov 16Price target decreased to €104Down from €115, the current price target is an average from 5 analysts. New target price is 57% above last closing price of €66.00. Stock is down 47% over the past year. The company is forecast to post earnings per share of €11.79 for next year compared to €14.11 last year.Major Estimate Revision • Oct 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €89.0m to €91.0m. EPS estimate fell from €13.63 to €11.44 per share. Net income forecast to shrink 57% next year vs 33% decline forecast for REITs industry in Belgium. Consensus price target down from €117 to €104. Share price fell 4.8% to €64.80 over the past week.Price Target Changed • Oct 11Price target decreased to €104Down from €117, the current price target is an average from 5 analysts. New target price is 56% above last closing price of €66.60. Stock is down 44% over the past year. The company is forecast to post earnings per share of €13.63 for next year compared to €14.11 last year.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €69.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the REITs industry in Belgium. Total loss to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €127 per share.お知らせ • Sep 23+ 4 more updatesMontea Comm. VA to Report Q1, 2023 Results on May 11, 2023Montea Comm. VA announced that they will report Q1, 2023 results at 9:00 AM, Central European Standard Time on May 11, 2023Reported Earnings • Aug 23First quarter 2022 earnings released: EPS: €4.86 (vs €4.87 in 1Q 2021)First quarter 2022 results: EPS: €4.86. Revenue: €21.9m (flat on 1Q 2021). Net income: €78.8m (flat on 1Q 2021). Over the next year, revenue is forecast to decline by 6.4% while the REITs industry in Belgium is not expected to grow.Price Target Changed • Aug 23Price target decreased to €119Down from €129, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €93.20. Stock is down 22% over the past year. The company is forecast to post earnings per share of €16.51 for next year compared to €14.11 last year.お知らせ • May 25Montea Comm. VA to Report First Half, 2022 Results on Jun 30, 2022Montea Comm. VA announced that they will report first half, 2022 results on Jun 30, 2022Buying Opportunity • May 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 7.7%. The fair value is estimated to be €128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is forecast to decline by 13% per annum over the same time period.Buying Opportunity • May 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 20% per annum over the same time period.Reported Earnings • Apr 18Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €14.12 (up from €9.74 in FY 2020). Revenue: €94.4m (up 14% from FY 2020). Net income: €227.7m (up 47% from FY 2020). Net asset value (NAV) per share: €62.60 (up 23% from FY 2020). The current share price is 95% higher than NAV per share. Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 8.2% compared to a 1.4% growth forecast for the reits industry in Belgium. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Feb 17Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €90.0m to €87.2m. EPS estimate also fell from €11.29 per share to €7.65 per share. Net income forecast to shrink 46% next year vs 28% decline forecast for REITs industry in Belgium. Consensus price target of €130 unchanged from last update. Share price fell 6.2% to €109 over the past week.Reported Earnings • Feb 14Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €14.02 (up from €9.74 in FY 2020). Revenue: €94.4m (up 14% from FY 2020). Net income: €226.1m (up 46% from FY 2020). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to decline by -12% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS €2.78 (vs €2.90 in 3Q 2020)Third quarter 2021 results: Revenue: €16.6m (up 1.7% from 3Q 2020). Net income: €45.1m (down 3.0% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Price Target Changed • Aug 25Price target increased to €116Up from €108, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €118. Stock is up 21% over the past year.Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS €3.14 (vs €2.61 in 2Q 2020)Second quarter 2021 results: Revenue: €25.7m (up 18% from 2Q 2020). Net income: €50.4m (up 22% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 34% per year.Major Estimate Revision • Aug 21Consensus EPS estimates increase to €9.39The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €80.1m to €81.1m. EPS estimate increased from €7.50 to €9.39 per share. Net income forecast to shrink 10% next year vs 30% decline forecast for REITs industry in Belgium. Consensus price target up from €108 to €115. Share price rose 2.1% to €119 over the past week.Price Target Changed • Aug 20Price target increased to €115Up from €105, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €119. Stock is up 23% over the past year.Major Estimate Revision • Jun 04Consensus EPS estimates increase to €7.50The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €78.1m to €80.1m. EPS estimate increased from €4.88 to €7.50 per share. Net income forecast to shrink 42% next year vs 4.9% growth forecast for REITs industry in Belgium . Consensus price target broadly unchanged at €107. Share price rose 4.1% to €98.70 over the past week.Executive Departure • May 23Non-Executive Director has left the companyOn the 18th of May, Jean-Marc Mayeur's tenure as Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Jean-Marc's name. A total of 3 executives have left over the last 12 months.Executive Departure • May 23Independent Vice-President of the Board Ciska Servais has left the companyOn the 18th of May, Ciska Servais' tenure as Independent Vice-President of the Board ended after 8.0 years in the role. We don't have any record of a personal shareholding under Ciska's name. A total of 3 executives have left over the last 12 months.Executive Departure • May 23Non-independent, Non-Executive Director has left the companyOn the 18th of May, Greta Afslag's tenure as Non-independent, Non-Executive Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Greta's name. A total of 3 executives have left over the last 12 months.Reported Earnings • May 17First quarter 2021 earnings released: EPS €4.87 (vs €0.42 in 1Q 2020)First quarter 2021 results: Revenue: €22.0m (up 25% from 1Q 2020). Net income: €78.1m (up €71.5m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 30New 90-day high: €101The company is up 7.0% from its price of €94.20 on 30 October 2020. The Belgian market is up 19% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the REITs industry, which is also up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.51 per share.分析記事 • Dec 30What Kind Of Shareholders Hold The Majority In Montea Comm. VA's (EBR:MONT) Shares?If you want to know who really controls Montea Comm. VA ( EBR:MONT ), then you'll have to look at the makeup of its...Is New 90 Day High Low • Dec 15New 90-day low: €89.90The company is down 14% from its price of €104 on 15 September 2020. The Belgian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €335 per share.お知らせ • Sep 30+ 3 more updatesMontea Comm. VA to Report Nine Months, 2021 Results on Oct 29, 2021Montea Comm. VA announced that they will report nine months, 2021 results on Oct 29, 2021業績と収益の成長予測ENXTBR:MONT - 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12/31/2028199200124181612/31/2027179190-56152812/31/2026160160-2115783/31/2026176165112118N/A12/31/2025173163115120N/A9/30/2025158165117120N/A6/30/2025156153140141N/A3/31/2025143176128129N/A12/31/2024137172114116N/A9/30/2024134154N/AN/AN/A6/30/2024135162108109N/A3/31/2024132121N/AN/AN/A12/31/2023131119111112N/A9/30/202312474N/AN/AN/A6/30/202312278104104N/A3/31/2023116126N/AN/AN/A12/31/20221112058484N/A9/30/2022103271N/AN/AN/A6/30/2022982787577N/A3/31/202294228N/AN/AN/A12/31/2021942287174N/A9/30/202191234N/AN/AN/A6/30/2021912364966N/A3/31/202187226N/AN/AN/A12/31/2020831556370N/A9/30/202080134N/AN/AN/A6/30/2020771086569N/A3/31/20207789N/AN/AN/A12/31/201976108N/A65N/A9/30/20197582N/AN/AN/A6/30/20197083N/A70N/A3/31/20196680N/AN/AN/A12/31/20186265N/A56N/A9/30/20185758N/AN/AN/A6/30/20185552N/A47N/A3/31/20185239N/AN/AN/A12/31/20175237N/A64N/A9/30/20175050N/AN/AN/A6/30/20175039N/A50N/A3/31/20174937N/AN/AN/A12/31/20164832N/A29N/A9/30/20164822N/AN/AN/A6/30/20164721N/A34N/A3/31/20164526N/AN/AN/A12/31/20154219N/A31N/A9/30/20154021N/AN/AN/A6/30/20153814N/A33N/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: MONTの予測収益成長率 (年間8.2% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: MONTの収益 ( 8.2% ) Belgian市場 ( 13.7% ) よりも低い成長が予測されています。高成長収益: MONT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: MONTの収益 ( 5.2% ) Belgian市場 ( 6.9% ) よりも低い成長が予測されています。高い収益成長: MONTの収益 ( 5.2% ) 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: MONT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 ( 8.5 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate 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2026/05/28 18:47終値2026/05/28 00:00収益2026/03/31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Montea Comm. VA 8 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。12 アナリスト機関Kanad MitraBarclaysKai KloseBerenbergAlexander MakarBerenberg9 その他のアナリストを表示
Major Estimate Revision • Aug 24Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €6.70 to €8.22. Revenue forecast steady at €143.1m. Net income forecast to grow 13% next year vs 27% growth forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €79.13. Share price rose 3.2% to €70.00 over the past week.
Major Estimate Revision • Mar 28Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €139.5m to €142.3m. EPS estimate fell from €6.54 to €5.78 per share. Net income forecast to grow 9.1% next year vs 10% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €82.13 unchanged from last update. Share price rose 4.7% to €67.00 over the past week.
Major Estimate Revision • May 10Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €7.53 to €8.71. Revenue forecast steady at €122.9m. Net income forecast to grow 61% next year vs 7.4% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €90.71 unchanged from last update. Share price was steady at €84.80 over the past week.
Major Estimate Revision • Nov 08Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €5.19 to €4.20 per share. Revenue forecast steady at €109.5m. Net income forecast to grow 13% next year vs 8.2% decline forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €85.17. Share price rose 3.2% to €67.80 over the past week.
Major Estimate Revision • Aug 24Consensus EPS estimates fall by 33%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €107.3m to €110.2m. EPS estimate fell from €6.50 to €4.32 per share. Net income forecast to shrink 33% next year vs 11% decline forecast for Industrial REITs industry in Belgium. Consensus price target of €87.33 unchanged from last update. Share price rose 4.6% to €72.80 over the past week.
Major Estimate Revision • Jan 13Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €92.3m to €93.8m. EPS estimate increased from €11.79 to €13.31 per share. Net income forecast to shrink 81% next year vs 41% decline forecast for REITs industry in Belgium. Consensus price target down from €97.00 to €85.25. Share price rose 5.5% to €72.50 over the past week.
New Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
ライブニュース • May 13Montea Comm. VA Sees 6% EPRA EPS Gain With 99.6% Occupancy and 20% Rent UpliftEPRA earnings per share rose 6% in Q1 2026, supported by what the company described as strong operational performance. Like-for-like rental growth reached 2.7% and the portfolio occupancy rate stood at 99.6%. Montea signed or renewed 30,000 square meters of leases, with an average rent uplift of 20% on these contracts. The combination of very high occupancy, rent uplifts on new and renewed leases, and higher EPRA earnings per share points to a portfolio that is currently being used efficiently and priced higher on recent contracts. You may want to pay close attention to whether this level of rent uplift and occupancy can be maintained as leases roll over and as financing and construction costs evolve.
お知らせ • May 12Montea Comm. VA, Annual General Meeting, May 19, 2026Montea Comm. VA, Annual General Meeting, May 19, 2026, at 10:00 Romance Standard Time.
Reported Earnings • Apr 21Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €7.09 (down from €8.17 in FY 2024). Revenue: €173.1m (up 26% from FY 2024). Net income: €163.3m (down 4.8% from FY 2024). Profit margin: 94% (down from 125% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.
New Risk • Mar 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.5% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Feb 13Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €7.09 (down from €8.17 in FY 2024). Revenue: €167.1m (up 22% from FY 2024). Net income: €163.3m (down 4.8% from FY 2024). Profit margin: 98% (down from 125% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.
Buy Or Sell Opportunity • Nov 18Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.7% to €74.40. The fair value is estimated to be €61.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: €1.62 (vs €1.26 in 3Q 2024)Third quarter 2025 results: EPS: €1.62 (up from €1.26 in 3Q 2024). Revenue: €25.7m (up 10% from 3Q 2024). Net income: €37.4m (up 44% from 3Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Sep 10+ 1 more updateMontea Comm. VA to Report Fiscal Year 2025 Results on Feb 11, 2026Montea Comm. VA announced that they will report fiscal year 2025 results After-Market on Feb 11, 2026
Major Estimate Revision • Aug 24Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €6.70 to €8.22. Revenue forecast steady at €143.1m. Net income forecast to grow 13% next year vs 27% growth forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €79.13. Share price rose 3.2% to €70.00 over the past week.
Reported Earnings • Aug 22Second quarter 2025 earnings released: EPS: €2.30 (vs €3.74 in 2Q 2024)Second quarter 2025 results: EPS: €2.30 (down from €3.74 in 2Q 2024). Revenue: €46.0m (up 21% from 2Q 2024). Net income: €52.9m (down 30% from 2Q 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • May 23Montea Comm. VA announces Annual dividend, payable on June 04, 2025Montea Comm. VA announced Annual dividend of EUR 2.6200 per share payable on June 04, 2025, ex-date on May 23, 2025 and record date on May 26, 2025.
New Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Apr 22Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €8.17 (up from €6.45 in FY 2023). Revenue: €137.2m (up 5.2% from FY 2023). Net income: €171.5m (up 45% from FY 2023). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrial REITs industry in Europe. 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 18% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 18+ 1 more updateMontea Comm. VA to Report First Half, 2025 Results on Aug 21, 2025Montea Comm. VA announced that they will report first half, 2025 results on Aug 21, 2025
Major Estimate Revision • Mar 28Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €139.5m to €142.3m. EPS estimate fell from €6.54 to €5.78 per share. Net income forecast to grow 9.1% next year vs 10% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €82.13 unchanged from last update. Share price rose 4.7% to €67.00 over the past week.
Reported Earnings • Feb 13Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €8.17 (up from €6.45 in FY 2023). Revenue: €137.2m (up 5.2% from FY 2023). Net income: €171.5m (up 45% from FY 2023). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. 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 14% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jan 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €61.10. The fair value is estimated to be €77.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are forecast to decline by 1.5% per annum over the same time period.
New Risk • Nov 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding).
New Risk • Nov 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding).
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: €1.26 (vs €1.87 in 3Q 2023)Third quarter 2024 results: EPS: €1.26 (down from €1.87 in 3Q 2023). Revenue: €23.3m (down 3.5% from 3Q 2023). Net income: €26.1m (down 24% from 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Sep 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to €76.60. The fair value is estimated to be €96.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Reported Earnings • Aug 23Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €38.1m (up 9.1% from 2Q 2023). Net income: €75.9m (up 48% from 2Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe.
Buy Or Sell Opportunity • Aug 22Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €80.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.
お知らせ • Aug 22+ 1 more updateMontea Comm. VA to Report Q1, 2025 Results on May 08, 2025Montea Comm. VA announced that they will report Q1, 2025 results After-Market on May 08, 2025
Buy Or Sell Opportunity • Aug 05Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.2% to €78.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.
Board Change • Jun 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. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Lieve Creten was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 19+ 1 more updateMontea Comm. VA to Report First Half, 2024 Results on Aug 20, 2024Montea Comm. VA announced that they will report first half, 2024 results on Aug 20, 2024
Major Estimate Revision • May 10Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €7.53 to €8.71. Revenue forecast steady at €122.9m. Net income forecast to grow 61% next year vs 7.4% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €90.71 unchanged from last update. Share price was steady at €84.80 over the past week.
Reported Earnings • Apr 22Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €6.45 (down from €12.37 in FY 2022). Revenue: €130.5m (up 18% from FY 2022). Net income: €118.5m (down 42% from FY 2022). Profit margin: 91% (down from 184% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 11Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €6.45 (down from €12.37 in FY 2022). Revenue: €130.5m (up 18% from FY 2022). Net income: €118.5m (down 42% from FY 2022). Profit margin: 91% (down from 184% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 06Montea Comm. VA to Report Fiscal Year 2023 Final Results on Apr 18, 2024Montea Comm. VA announced that they will report fiscal year 2023 final results at 5:40 PM, Central European Standard Time on Apr 18, 2024
Major Estimate Revision • Nov 08Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €5.19 to €4.20 per share. Revenue forecast steady at €109.5m. Net income forecast to grow 13% next year vs 8.2% decline forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €85.17. Share price rose 3.2% to €67.80 over the past week.
Buying Opportunity • Nov 06Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be €88.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 4.7% in 2 years. Earnings is forecast to grow by 72% in the next 2 years.
Reported Earnings • Nov 05Third quarter 2023 earnings released: EPS: €1.87 (vs €2.30 in 3Q 2022)Third quarter 2023 results: EPS: €1.87 (down from €2.30 in 3Q 2022). Revenue: €24.2m (up 14% from 3Q 2022). Net income: €34.2m (down 9.5% from 3Q 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 11% per year.
Major Estimate Revision • Aug 24Consensus EPS estimates fall by 33%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €107.3m to €110.2m. EPS estimate fell from €6.50 to €4.32 per share. Net income forecast to shrink 33% next year vs 11% decline forecast for Industrial REITs industry in Belgium. Consensus price target of €87.33 unchanged from last update. Share price rose 4.6% to €72.80 over the past week.
Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: €2.84 (vs €6.14 in 2Q 2022)Second quarter 2023 results: EPS: €2.84 (down from €6.14 in 2Q 2022). Revenue: €34.9m (up 17% from 2Q 2022). Net income: €51.3m (down 49% from 2Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Jun 14+ 2 more updatesMontea Comm. VA to Report Fiscal Year 2023 Results on Feb 07, 2024Montea Comm. VA announced that they will report fiscal year 2023 results at 5:40 PM, Central European Standard Time on Feb 07, 2024
Major Estimate Revision • Jan 13Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €92.3m to €93.8m. EPS estimate increased from €11.79 to €13.31 per share. Net income forecast to shrink 81% next year vs 41% decline forecast for REITs industry in Belgium. Consensus price target down from €97.00 to €85.25. Share price rose 5.5% to €72.50 over the past week.
Price Target Changed • Nov 16Price target decreased to €104Down from €115, the current price target is an average from 5 analysts. New target price is 57% above last closing price of €66.00. Stock is down 47% over the past year. The company is forecast to post earnings per share of €11.79 for next year compared to €14.11 last year.
Major Estimate Revision • Oct 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €89.0m to €91.0m. EPS estimate fell from €13.63 to €11.44 per share. Net income forecast to shrink 57% next year vs 33% decline forecast for REITs industry in Belgium. Consensus price target down from €117 to €104. Share price fell 4.8% to €64.80 over the past week.
Price Target Changed • Oct 11Price target decreased to €104Down from €117, the current price target is an average from 5 analysts. New target price is 56% above last closing price of €66.60. Stock is down 44% over the past year. The company is forecast to post earnings per share of €13.63 for next year compared to €14.11 last year.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €69.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the REITs industry in Belgium. Total loss to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €127 per share.
お知らせ • Sep 23+ 4 more updatesMontea Comm. VA to Report Q1, 2023 Results on May 11, 2023Montea Comm. VA announced that they will report Q1, 2023 results at 9:00 AM, Central European Standard Time on May 11, 2023
Reported Earnings • Aug 23First quarter 2022 earnings released: EPS: €4.86 (vs €4.87 in 1Q 2021)First quarter 2022 results: EPS: €4.86. Revenue: €21.9m (flat on 1Q 2021). Net income: €78.8m (flat on 1Q 2021). Over the next year, revenue is forecast to decline by 6.4% while the REITs industry in Belgium is not expected to grow.
Price Target Changed • Aug 23Price target decreased to €119Down from €129, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €93.20. Stock is down 22% over the past year. The company is forecast to post earnings per share of €16.51 for next year compared to €14.11 last year.
お知らせ • May 25Montea Comm. VA to Report First Half, 2022 Results on Jun 30, 2022Montea Comm. VA announced that they will report first half, 2022 results on Jun 30, 2022
Buying Opportunity • May 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 7.7%. The fair value is estimated to be €128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is forecast to decline by 13% per annum over the same time period.
Buying Opportunity • May 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 20% per annum over the same time period.
Reported Earnings • Apr 18Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €14.12 (up from €9.74 in FY 2020). Revenue: €94.4m (up 14% from FY 2020). Net income: €227.7m (up 47% from FY 2020). Net asset value (NAV) per share: €62.60 (up 23% from FY 2020). The current share price is 95% higher than NAV per share. Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 8.2% compared to a 1.4% growth forecast for the reits industry in Belgium. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Feb 17Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €90.0m to €87.2m. EPS estimate also fell from €11.29 per share to €7.65 per share. Net income forecast to shrink 46% next year vs 28% decline forecast for REITs industry in Belgium. Consensus price target of €130 unchanged from last update. Share price fell 6.2% to €109 over the past week.
Reported Earnings • Feb 14Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €14.02 (up from €9.74 in FY 2020). Revenue: €94.4m (up 14% from FY 2020). Net income: €226.1m (up 46% from FY 2020). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to decline by -12% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS €2.78 (vs €2.90 in 3Q 2020)Third quarter 2021 results: Revenue: €16.6m (up 1.7% from 3Q 2020). Net income: €45.1m (down 3.0% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Aug 25Price target increased to €116Up from €108, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €118. Stock is up 21% over the past year.
Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS €3.14 (vs €2.61 in 2Q 2020)Second quarter 2021 results: Revenue: €25.7m (up 18% from 2Q 2020). Net income: €50.4m (up 22% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 34% per year.
Major Estimate Revision • Aug 21Consensus EPS estimates increase to €9.39The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €80.1m to €81.1m. EPS estimate increased from €7.50 to €9.39 per share. Net income forecast to shrink 10% next year vs 30% decline forecast for REITs industry in Belgium. Consensus price target up from €108 to €115. Share price rose 2.1% to €119 over the past week.
Price Target Changed • Aug 20Price target increased to €115Up from €105, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €119. Stock is up 23% over the past year.
Major Estimate Revision • Jun 04Consensus EPS estimates increase to €7.50The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €78.1m to €80.1m. EPS estimate increased from €4.88 to €7.50 per share. Net income forecast to shrink 42% next year vs 4.9% growth forecast for REITs industry in Belgium . Consensus price target broadly unchanged at €107. Share price rose 4.1% to €98.70 over the past week.
Executive Departure • May 23Non-Executive Director has left the companyOn the 18th of May, Jean-Marc Mayeur's tenure as Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Jean-Marc's name. A total of 3 executives have left over the last 12 months.
Executive Departure • May 23Independent Vice-President of the Board Ciska Servais has left the companyOn the 18th of May, Ciska Servais' tenure as Independent Vice-President of the Board ended after 8.0 years in the role. We don't have any record of a personal shareholding under Ciska's name. A total of 3 executives have left over the last 12 months.
Executive Departure • May 23Non-independent, Non-Executive Director has left the companyOn the 18th of May, Greta Afslag's tenure as Non-independent, Non-Executive Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Greta's name. A total of 3 executives have left over the last 12 months.
Reported Earnings • May 17First quarter 2021 earnings released: EPS €4.87 (vs €0.42 in 1Q 2020)First quarter 2021 results: Revenue: €22.0m (up 25% from 1Q 2020). Net income: €78.1m (up €71.5m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 30New 90-day high: €101The company is up 7.0% from its price of €94.20 on 30 October 2020. The Belgian market is up 19% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the REITs industry, which is also up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.51 per share.
分析記事 • Dec 30What Kind Of Shareholders Hold The Majority In Montea Comm. VA's (EBR:MONT) Shares?If you want to know who really controls Montea Comm. VA ( EBR:MONT ), then you'll have to look at the makeup of its...
Is New 90 Day High Low • Dec 15New 90-day low: €89.90The company is down 14% from its price of €104 on 15 September 2020. The Belgian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €335 per share.
お知らせ • Sep 30+ 3 more updatesMontea Comm. VA to Report Nine Months, 2021 Results on Oct 29, 2021Montea Comm. VA announced that they will report nine months, 2021 results on Oct 29, 2021