VBARE Iberian Properties SOCIMI（SCVBA）株式概要VBARE Iberian Properties SOCIMI, S.A.は集合住宅リート会社である。 詳細SCVBA ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績1/6財務の健全性2/6配当金2/6報酬当社が推定した公正価値より34.5%で取引されている リスク分析負債は営業キャッシュフローで十分にカバーされていない Spanish市場と比較して、過去 3 か月間の株価の変動が非常に大きい財務結果に影響を与える大きな一時的項目 利益率(19.1%)は昨年より低い(67.9%) +4 さらなるリスクすべてのリスクチェックを見るSCVBA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€4.309.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-3m5m2016201920222025202620282031Revenue €5.2mEarnings €991.2kAdvancedSet Fair ValueView all narrativesVBARE Iberian Properties SOCIMI, S.A. 競合他社Galil Capital RE Spain SOCIMISymbol: BME:SCGCSMarket cap: €24.9mGavari Properties SocimiSymbol: BME:SCGAVMarket cap: €39.0mBarcino Property SOCIMISymbol: BME:YBARMarket cap: €33.9mInversa Prime SOCIMISymbol: BME:YIPSMarket cap: €59.1m価格と性能株価の高値、安値、推移の概要VBARE Iberian Properties SOCIMI過去の株価現在の株価€4.3052週高値€052週安値€0ベータ-0.121ヶ月の変化-19.63%3ヶ月変化-30.65%1年変化-57.00%3年間の変化-25.22%5年間の変化-59.43%IPOからの変化-66.67%最新ニュースBoard Change • May 20No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Jorge Alemán is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.お知らせ • Apr 02VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, May 04, 2026VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, May 04, 2026. Location: calle serrano 45, planta 1, madrid, Spainお知らせ • Nov 14VBARE Iberian Properties SOCIMI, S.A. announces Annual dividend, payable on November 18, 2025VBARE Iberian Properties SOCIMI, S.A. announced Annual dividend of EUR 0.2840 per share payable on November 18, 2025, ex-date on November 14, 2025 and record date on November 17, 2025.お知らせ • Jun 12VBARE Iberian Properties SOCIMI, S.A. announces Annual dividend, payable on June 18, 2025VBARE Iberian Properties SOCIMI, S.A. announced Annual dividend of EUR 1.1562 per share payable on June 18, 2025, ex-date on June 16, 2025 and record date on June 17, 2025.New Risk • Apr 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 51% Last year net profit margin: 85% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (51% net profit margin). Revenue is less than US$5m (€3.1m revenue, or US$3.4m). Market cap is less than US$100m (€35.5m market cap, or US$38.3m).Board Change • Feb 11No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Yair Shahar is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.最新情報をもっと見るRecent updatesBoard Change • May 20No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Jorge Alemán is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.お知らせ • Apr 02VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, May 04, 2026VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, May 04, 2026. Location: calle serrano 45, planta 1, madrid, Spainお知らせ • Nov 14VBARE Iberian Properties SOCIMI, S.A. announces Annual dividend, payable on November 18, 2025VBARE Iberian Properties SOCIMI, S.A. announced Annual dividend of EUR 0.2840 per share payable on November 18, 2025, ex-date on November 14, 2025 and record date on November 17, 2025.お知らせ • Jun 12VBARE Iberian Properties SOCIMI, S.A. announces Annual dividend, payable on June 18, 2025VBARE Iberian Properties SOCIMI, S.A. announced Annual dividend of EUR 1.1562 per share payable on June 18, 2025, ex-date on June 16, 2025 and record date on June 17, 2025.New Risk • Apr 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 51% Last year net profit margin: 85% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (51% net profit margin). Revenue is less than US$5m (€3.1m revenue, or US$3.4m). Market cap is less than US$100m (€35.5m market cap, or US$38.3m).Board Change • Feb 11No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Yair Shahar is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.お知らせ • Oct 15Advero Properties SOCIMI, S.A. (BME:YADV) cancelled the acquisition of VBARE Iberian Properties SOCIMI, S.A. (BME:YVBA).Advero Properties SOCIMI, S.A. (BME:YADV) made a public purchase offer to acquire VBARE Iberian Properties SOCIMI, S.A. (BME:YVBA) for €30 million on August 2, 2024. A cash consideration of €23.7 million will be paid by Advero Properties SOCIMI, S.A. The consideration consists of common equity of Advero Properties SOCIMI, S.A. having a value of €6.3 million to be issued for common equity of VBARE Iberian Properties SOCIMI, S.A. As part of consideration, €30 million is paid towards common equity of VBARE Iberian Properties SOCIMI, S.A. Under the terms, the offer to the entire shareholder base of VBARE is made at €8.31 per share, with a premium of 45% on VBARE's current share price and of 37% on the average share price over the last twelve months. Transaction with mixed payment: €6.56 per share in cash and €1.75 in ADVERO shares. The total amount of the offer is €30 million, of which €23.7 million in cash and €6.3 million in shares. ADVERO has set as a condition to obtain at least a 51% acceptance of VBARE's shareholding. The General Shareholders' Meeting of ADVERO Properties SOCIMI has approved the transaction. As announced on August 27, 2024, VBARE shareholders have until September 13, 2024 to respond to the €30 million bid that offers a mixed payment of €6.56 per share in cash and €1.75 per share in shares of ADVERO. ADVERO`s Board of Directors has resolved to extend the Offer Acceptance Period until October 8, 2024. Advero Properties SOCIMI, S.A. (BME:YADV) cancelled the acquisition of VBARE Iberian Properties SOCIMI, S.A. (BME:YVBA) on October 14, 2024. The Acceptance period was ended on October 8, 2024, and Advero did not obtain an acceptance percentage greater than 51% of the share capital of VBARE, as was a condition for the Offer, Therefore, the board of directors of ADVERO has agreed not to improve the conditions of the Offer and leave the offer without effect.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.65, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 22x in the Residential REITs industry in Spain. Total loss to shareholders of 27% over the past three years.Reported Earnings • Jul 28First half 2024 earnings released: EPS: €0.21 (vs €0.23 in 1H 2023)First half 2024 results: EPS: €0.21 (down from €0.23 in 1H 2023). Revenue: €1.52m (up 48% from 1H 2023). Net income: €754.0k (down 7.7% from 1H 2023). Profit margin: 50% (down from 80% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jul 09Now 20% overvaluedOver the last 90 days, the stock has fallen 5.0% to €5.70. The fair value is estimated to be €4.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • May 16VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, Jun 19, 2024VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, Jun 19, 2024. Location: calle jose abascal 41, madrid SpainReported Earnings • Feb 21Full year 2023 earnings released: EPS: €0.55 (vs €0.18 in FY 2022)Full year 2023 results: EPS: €0.55 (up from €0.18 in FY 2022). Revenue: €2.30m (up 20% from FY 2022). Net income: €1.95m (up 201% from FY 2022). Profit margin: 85% (up from 34% in FY 2022). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.New Risk • Feb 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 37% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Revenue is less than US$5m (€2.0m revenue, or US$2.1m). Market cap is less than US$100m (€23.4m market cap, or US$25.0m).New Risk • Aug 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 97% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 37% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Revenue is less than US$5m (€2.0m revenue, or US$2.2m). Market cap is less than US$100m (€17.4m market cap, or US$19.1m).Reported Earnings • Jul 31First half 2023 earnings released: EPS: €0.23 (vs €0.35 in 1H 2022)First half 2023 results: EPS: €0.23 (down from €0.35 in 1H 2022). Revenue: €1.04m (up 7.1% from 1H 2022). Net income: €817.0k (down 34% from 1H 2022). Profit margin: 79% (down from 129% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 22Third quarter 2022 earnings released: €0.025 loss per share (vs €0.076 profit in 3Q 2021)Third quarter 2022 results: €0.025 loss per share (down from €0.076 profit in 3Q 2021). Revenue: €487.0k (up 9.2% from 3Q 2021). Net loss: €92.0k (down 134% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Vice Chairman of the Board Juan Manuel Huertas was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: €0.21 (vs €0.094 loss in 2Q 2021)Second quarter 2022 results: EPS: €0.21 (up from €0.094 loss in 2Q 2021). Revenue: €492.0k (up 15% from 2Q 2021). Net income: €735.0k (up €1.07m from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Vice Chairman of the Board Juan Manuel Huertas was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Is New 90 Day High Low • Dec 07New 90-day low: €11.00The company is down 13% from its price of €12.70 on 08 September 2020. The Spanish market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 8.0% over the same period.Is New 90 Day High Low • Nov 05New 90-day low: €11.90The company is down 7.0% from its price of €12.80 on 07 August 2020. The Spanish market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 9.0% over the same period.Is New 90 Day High Low • Sep 26New 90-day low: €12.20The company is down 10.0% from its price of €13.50 on 26 June 2020. The Spanish 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 7.0% over the same period.株主還元SCVBAES Residential REITsES 市場7D0%1.4%1.9%1Y-57.0%-3.2%24.0%株主還元を見る業界別リターン: SCVBA過去 1 年間で-3.2 % の収益を上げたSpanish Residential REITs業界を下回りました。リターン対市場: SCVBAは、過去 1 年間で24 % のリターンを上げたSpanish市場を下回りました。価格変動Is SCVBA's price volatile compared to industry and market?SCVBA volatilitySCVBA Average Weekly Movement6.7%Residential REITs Industry Average Movement1.9%Market Average Movement3.9%10% most volatile stocks in ES Market6.7%10% least volatile stocks in ES Market0.9%安定した株価: SCVBAの株価は、 Spanish市場と比較して過去 3 か月間で変動しています。時間の経過による変動: SCVBAの weekly volatility ( 7% ) は過去 1 年間安定していますが、依然としてSpanishの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイトn/a7Roberto Perriwww.vbarealestate.comVBARE Iberian Properties SOCIMI, S.A.は集合住宅リート会社である。所有または賃貸不動産の賃貸・運営を行う。同社は以前はVBA Real Estate Investment Trust 3000, SOCIMI, S.A.として知られていたが、2016年9月にVBARE Iberian Properties SOCIMI, S.A.に社名変更した。同社はスペインのマドリードに本拠を置く。もっと見るVBARE Iberian Properties SOCIMI, S.A. 基礎のまとめVBARE Iberian Properties SOCIMI の収益と売上を時価総額と比較するとどうか。SCVBA 基礎統計学時価総額€15.32m収益（TTM）€579.00k売上高(TTM)€3.04m26.5xPER（株価収益率5.0xP/SレシオSCVBA は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SCVBA 損益計算書（TTM）収益€3.04m売上原価€0売上総利益€3.04mその他の費用€2.46m収益€579.00k直近の収益報告Jun 30, 2025次回決算日該当なし一株当たり利益（EPS）0.16グロス・マージン100.00%純利益率19.05%有利子負債／自己資本比率52.8%SCVBA の長期的なパフォーマンスは？過去の実績と比較を見る配当金34.8%現在の配当利回り345%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 08:22終値2026/05/22 00:00収益2025/06/30年間収益2024/12/31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VBARE Iberian Properties SOCIMI, S.A. 0 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。0
Board Change • May 20No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Jorge Alemán is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
お知らせ • Apr 02VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, May 04, 2026VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, May 04, 2026. Location: calle serrano 45, planta 1, madrid, Spain
お知らせ • Nov 14VBARE Iberian Properties SOCIMI, S.A. announces Annual dividend, payable on November 18, 2025VBARE Iberian Properties SOCIMI, S.A. announced Annual dividend of EUR 0.2840 per share payable on November 18, 2025, ex-date on November 14, 2025 and record date on November 17, 2025.
お知らせ • Jun 12VBARE Iberian Properties SOCIMI, S.A. announces Annual dividend, payable on June 18, 2025VBARE Iberian Properties SOCIMI, S.A. announced Annual dividend of EUR 1.1562 per share payable on June 18, 2025, ex-date on June 16, 2025 and record date on June 17, 2025.
New Risk • Apr 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 51% Last year net profit margin: 85% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (51% net profit margin). Revenue is less than US$5m (€3.1m revenue, or US$3.4m). Market cap is less than US$100m (€35.5m market cap, or US$38.3m).
Board Change • Feb 11No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Yair Shahar is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
Board Change • May 20No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Jorge Alemán is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
お知らせ • Apr 02VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, May 04, 2026VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, May 04, 2026. Location: calle serrano 45, planta 1, madrid, Spain
お知らせ • Nov 14VBARE Iberian Properties SOCIMI, S.A. announces Annual dividend, payable on November 18, 2025VBARE Iberian Properties SOCIMI, S.A. announced Annual dividend of EUR 0.2840 per share payable on November 18, 2025, ex-date on November 14, 2025 and record date on November 17, 2025.
お知らせ • Jun 12VBARE Iberian Properties SOCIMI, S.A. announces Annual dividend, payable on June 18, 2025VBARE Iberian Properties SOCIMI, S.A. announced Annual dividend of EUR 1.1562 per share payable on June 18, 2025, ex-date on June 16, 2025 and record date on June 17, 2025.
New Risk • Apr 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 51% Last year net profit margin: 85% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (51% net profit margin). Revenue is less than US$5m (€3.1m revenue, or US$3.4m). Market cap is less than US$100m (€35.5m market cap, or US$38.3m).
Board Change • Feb 11No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Yair Shahar is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
お知らせ • Oct 15Advero Properties SOCIMI, S.A. (BME:YADV) cancelled the acquisition of VBARE Iberian Properties SOCIMI, S.A. (BME:YVBA).Advero Properties SOCIMI, S.A. (BME:YADV) made a public purchase offer to acquire VBARE Iberian Properties SOCIMI, S.A. (BME:YVBA) for €30 million on August 2, 2024. A cash consideration of €23.7 million will be paid by Advero Properties SOCIMI, S.A. The consideration consists of common equity of Advero Properties SOCIMI, S.A. having a value of €6.3 million to be issued for common equity of VBARE Iberian Properties SOCIMI, S.A. As part of consideration, €30 million is paid towards common equity of VBARE Iberian Properties SOCIMI, S.A. Under the terms, the offer to the entire shareholder base of VBARE is made at €8.31 per share, with a premium of 45% on VBARE's current share price and of 37% on the average share price over the last twelve months. Transaction with mixed payment: €6.56 per share in cash and €1.75 in ADVERO shares. The total amount of the offer is €30 million, of which €23.7 million in cash and €6.3 million in shares. ADVERO has set as a condition to obtain at least a 51% acceptance of VBARE's shareholding. The General Shareholders' Meeting of ADVERO Properties SOCIMI has approved the transaction. As announced on August 27, 2024, VBARE shareholders have until September 13, 2024 to respond to the €30 million bid that offers a mixed payment of €6.56 per share in cash and €1.75 per share in shares of ADVERO. ADVERO`s Board of Directors has resolved to extend the Offer Acceptance Period until October 8, 2024. Advero Properties SOCIMI, S.A. (BME:YADV) cancelled the acquisition of VBARE Iberian Properties SOCIMI, S.A. (BME:YVBA) on October 14, 2024. The Acceptance period was ended on October 8, 2024, and Advero did not obtain an acceptance percentage greater than 51% of the share capital of VBARE, as was a condition for the Offer, Therefore, the board of directors of ADVERO has agreed not to improve the conditions of the Offer and leave the offer without effect.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.65, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 22x in the Residential REITs industry in Spain. Total loss to shareholders of 27% over the past three years.
Reported Earnings • Jul 28First half 2024 earnings released: EPS: €0.21 (vs €0.23 in 1H 2023)First half 2024 results: EPS: €0.21 (down from €0.23 in 1H 2023). Revenue: €1.52m (up 48% from 1H 2023). Net income: €754.0k (down 7.7% from 1H 2023). Profit margin: 50% (down from 80% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jul 09Now 20% overvaluedOver the last 90 days, the stock has fallen 5.0% to €5.70. The fair value is estimated to be €4.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • May 16VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, Jun 19, 2024VBARE Iberian Properties SOCIMI, S.A., Annual General Meeting, Jun 19, 2024. Location: calle jose abascal 41, madrid Spain
Reported Earnings • Feb 21Full year 2023 earnings released: EPS: €0.55 (vs €0.18 in FY 2022)Full year 2023 results: EPS: €0.55 (up from €0.18 in FY 2022). Revenue: €2.30m (up 20% from FY 2022). Net income: €1.95m (up 201% from FY 2022). Profit margin: 85% (up from 34% in FY 2022). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
New Risk • Feb 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 37% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Revenue is less than US$5m (€2.0m revenue, or US$2.1m). Market cap is less than US$100m (€23.4m market cap, or US$25.0m).
New Risk • Aug 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 97% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 37% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Revenue is less than US$5m (€2.0m revenue, or US$2.2m). Market cap is less than US$100m (€17.4m market cap, or US$19.1m).
Reported Earnings • Jul 31First half 2023 earnings released: EPS: €0.23 (vs €0.35 in 1H 2022)First half 2023 results: EPS: €0.23 (down from €0.35 in 1H 2022). Revenue: €1.04m (up 7.1% from 1H 2022). Net income: €817.0k (down 34% from 1H 2022). Profit margin: 79% (down from 129% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 22Third quarter 2022 earnings released: €0.025 loss per share (vs €0.076 profit in 3Q 2021)Third quarter 2022 results: €0.025 loss per share (down from €0.076 profit in 3Q 2021). Revenue: €487.0k (up 9.2% from 3Q 2021). Net loss: €92.0k (down 134% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Vice Chairman of the Board Juan Manuel Huertas was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: €0.21 (vs €0.094 loss in 2Q 2021)Second quarter 2022 results: EPS: €0.21 (up from €0.094 loss in 2Q 2021). Revenue: €492.0k (up 15% from 2Q 2021). Net income: €735.0k (up €1.07m from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Vice Chairman of the Board Juan Manuel Huertas was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Is New 90 Day High Low • Dec 07New 90-day low: €11.00The company is down 13% from its price of €12.70 on 08 September 2020. The Spanish market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Nov 05New 90-day low: €11.90The company is down 7.0% from its price of €12.80 on 07 August 2020. The Spanish market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 9.0% over the same period.
Is New 90 Day High Low • Sep 26New 90-day low: €12.20The company is down 10.0% from its price of €13.50 on 26 June 2020. The Spanish 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 7.0% over the same period.
