View ValuationFonciere Inea 将来の成長Future 基準チェック /36Fonciere Ineaの収益は年間2.1%で減少すると予測されていますが、年間利益は年間45.1%で増加すると予測されています。EPS は年間 増加すると予測されています。自己資本利益率は 3 年後に7.5% 45.1%なると予測されています。主要情報45.1%収益成長率45.12%EPS成長率Office REITs 収益成長22.5%収益成長率-2.1%将来の株主資本利益率7.50%アナリストカバレッジLow最終更新日23 Jul 2026今後の成長に関する最新情報Major Estimate Revision • Jul 24Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €75.9m to €71.6m. EPS estimate also fell from €2.45 per share to €1.77 per share. Net income forecast to grow 292% next year vs 71% growth forecast for Office REITs industry in France. Consensus price target of €35.50 unchanged from last update. Share price was steady at €33.20 over the past week.Price Target Changed • Jul 16Price target decreased by 7.8% to €35.50Down from €38.50, the current price target is an average from 2 analysts. New target price is 8.9% above last closing price of €32.60. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of €2.45 for next year compared to €0.45 last year.Major Estimate Revision • Oct 15Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €87.2m to €76.4m. EPS estimate fell from €2.81 to €2.45 per share. Net income forecast to grow 535% next year vs 64% growth forecast for Office REITs industry in France. Consensus price target down from €38.50 to €36.00. Share price rose 5.9% to €32.30 over the past week.Price Target Changed • Jun 04Price target decreased by 7.9% to €35.00Down from €38.00, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of €37.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.10 next year compared to a net loss per share of €0.28 last year.すべての更新を表示Recent updatesNew Risk • Jul 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 6.1% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin).Major Estimate Revision • Jul 24Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €75.9m to €71.6m. EPS estimate also fell from €2.45 per share to €1.77 per share. Net income forecast to grow 292% next year vs 71% growth forecast for Office REITs industry in France. Consensus price target of €35.50 unchanged from last update. Share price was steady at €33.20 over the past week.Price Target Changed • Jul 16Price target decreased by 7.8% to €35.50Down from €38.50, the current price target is an average from 2 analysts. New target price is 8.9% above last closing price of €32.60. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of €2.45 for next year compared to €0.45 last year.Upcoming Dividend • May 19Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 26 May 2026. Payment date: 28 May 2026. Trailing yield: 7.6%. Within top quartile of French dividend payers (5.5%). Higher than average of industry peers (6.1%).Reported Earnings • Apr 06Full year 2025 earnings released: EPS: €0.45 (vs €0.28 loss in FY 2024)Full year 2025 results: EPS: €0.45 (up from €0.28 loss in FY 2024). Revenue: €83.8m (up 5.0% from FY 2024). Net income: €4.87m (up €7.89m from FY 2024). Profit margin: 5.8% (up from net loss in FY 2024). Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.お知らせ • Apr 04Fonciere Inea S.A., Annual General Meeting, May 20, 2026Fonciere Inea S.A., Annual General Meeting, May 20, 2026.New Risk • Feb 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results.Major Estimate Revision • Oct 15Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €87.2m to €76.4m. EPS estimate fell from €2.81 to €2.45 per share. Net income forecast to grow 535% next year vs 64% growth forecast for Office REITs industry in France. Consensus price target down from €38.50 to €36.00. Share price rose 5.9% to €32.30 over the past week.Buy Or Sell Opportunity • Oct 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €30.20. The fair value is estimated to be €39.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 750% in the next 2 years.Buy Or Sell Opportunity • Sep 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.2% to €32.60. The fair value is estimated to be €40.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 750% in the next 2 years.Reported Earnings • Jul 28First half 2025 earnings released: EPS: €0.20 (vs €0.54 loss in 1H 2024)First half 2025 results: EPS: €0.20 (up from €0.54 loss in 1H 2024). Revenue: €41.9m (up 7.6% from 1H 2024). Net income: €2.21m (up €8.03m from 1H 2024). Profit margin: 5.3% (up from net loss in 1H 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Jun 16Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €34.80. The fair value is estimated to be €43.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making.Price Target Changed • Jun 04Price target decreased by 7.9% to €35.00Down from €38.00, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of €37.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.10 next year compared to a net loss per share of €0.28 last year.Upcoming Dividend • Jun 02Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 09 June 2025. Payment date: 11 June 2025. Trailing yield: 7.3%. Within top quartile of French dividend payers (5.4%). Higher than average of industry peers (5.3%).Declared Dividend • Apr 07Dividend of €2.70 announcedShareholders will receive a dividend of €2.70. Ex-date: 9th June 2025 Payment date: 11th June 2025 Dividend yield will be 8.2%, which is higher than the industry average of 5.5%.お知らせ • Apr 06Fonciere Inea S.A. announces Annual dividend, payable on June 11, 2025Fonciere Inea S.A. announced Annual dividend of EUR 0.3515 per share payable on June 11, 2025, ex-date on June 09, 2025 and record date on June 10, 2025.Reported Earnings • Apr 04Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: €0.28 loss per share (down from €1.99 profit in FY 2023). Revenue: €79.8m (up 15% from FY 2023). Net loss: €3.02m (down 114% from profit in FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.お知らせ • Jan 15Fonciere Inea S.A., Annual General Meeting, Jun 04, 2025Fonciere Inea S.A., Annual General Meeting, Jun 04, 2025.Reported Earnings • Sep 27First half 2024 earnings released: €0.54 loss per share (vs €1.77 profit in 1H 2023)First half 2024 results: €0.54 loss per share (down from €1.77 profit in 1H 2023). Revenue: €38.9m (up 16% from 1H 2023). Net loss: €5.83m (down 130% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • Jul 29First half 2024 earnings released: €0.54 loss per share (vs €1.77 profit in 1H 2023)First half 2024 results: €0.54 loss per share (down from €1.77 profit in 1H 2023). Revenue: €38.9m (up 16% from 1H 2023). Net loss: €5.83m (down 130% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Trailing yield: 8.1%. Within top quartile of French dividend payers (5.2%). Higher than average of industry peers (4.9%).Reported Earnings • Apr 07Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: €1.99 (down from €6.00 in FY 2022). Revenue: €69.6m (up 17% from FY 2022). Net income: €21.5m (down 63% from FY 2022). Profit margin: 31% (down from 97% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.New Risk • Feb 11New 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 Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Earnings are forecast to decline by an average of 17% per year for the foreseeable future. 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 (67% net profit margin).Reported Earnings • Jul 31First half 2023 earnings released: EPS: €1.77 (vs €3.93 in 1H 2022)First half 2023 results: EPS: €1.77 (down from €3.93 in 1H 2022). Revenue: €33.5m (up 19% from 1H 2022). Net income: €19.2m (down 43% from 1H 2022). Profit margin: 57% (down from 119% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Jul 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Dividend yield: 7.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (67% net profit margin).New Risk • Jul 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% 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 (6.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding).Upcoming Dividend • May 08Upcoming dividend of €2.70 per share at 6.6% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 6.6%. Within top quartile of French dividend payers (5.4%). In line with average of industry peers (6.0%).Reported Earnings • Apr 17Full year 2022 earnings released: EPS: €6.00 (vs €6.45 in FY 2021)Full year 2022 results: EPS: €6.00. Revenue: €59.7m (up 12% from FY 2021). Net income: €58.1m (up 6.6% from FY 2021). Profit margin: 97% (down from 102% in FY 2021).Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Independent Director Thierry Vallet was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.9%. The fair value is estimated to be €50.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 13%.Reported Earnings • Jul 28First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €24.8m from profit in 1H 2021). Profit margin: (down from 95% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Director Thierry Vallet was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 April 2022. Payment date: 29 April 2022. Trailing yield: 5.7%. Within top quartile of French dividend payers (4.8%). In line with average of industry peers (5.5%).Reported Earnings • Apr 02Full year 2021 earnings released: EPS: €6.45 (vs €4.61 in FY 2020)Full year 2021 results: EPS: €6.45 (up from €4.61 in FY 2020). Revenue: €53.6m (up 12% from FY 2020). Net income: €54.5m (up 40% from FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.お知らせ • Dec 18Fonciere Inea S.A. (ENXTPA:INEA) agreed to acquire Off-Plan Cyber Place Building In Rennes from Rennes Métropole and Nge Immobilier.Fonciere Inea S.A. (ENXTPA:INEA) agreed to acquire Off-Plan Cyber Place Building In Rennes from Rennes Métropole and Nge Immobilier on December 16, 2021. The transaction is expected to close on Q4 2023.お知らせ • Sep 29Fonciere Inea S.A. (ENXTPA:INEA) acquired THE VEFA ARKO IN MÉRIGNAC from Aventim.Fonciere Inea S.A. (ENXTPA:INEA) acquired THE VEFA ARKO IN MÉRIGNAC from Aventim on September 27, 2021. Fonciere Inea S.A. (ENXTPA:INEA) completed the acquisition of THE VEFA ARKO IN MÉRIGNAC from Aventim on September 27, 2021.Upcoming Dividend • May 10Upcoming dividend of €2.60 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 6.0%. Within top quartile of French dividend payers (4.0%). Higher than average of industry peers (4.5%).Is New 90 Day High Low • Mar 06New 90-day high: €39.50The company is up 4.0% from its price of €38.00 on 04 December 2020. The French market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 4.0% over the same period.Is New 90 Day High Low • Feb 10New 90-day low: €37.50The company is down 2.0% from its price of €38.20 on 11 November 2020. The French market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 3.0% over the same period.分析記事 • Feb 10Reflecting on Fonciere Inea's (EPA:INEA) Share Price Returns Over The Last YearPassive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While...Is New 90 Day High Low • Jan 14New 90-day high: €39.20The company is up 4.0% from its price of €37.70 on 15 October 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 21% over the same period.Is New 90 Day High Low • Dec 24New 90-day high: €38.90The company is up 1.0% from its price of €38.50 on 24 September 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 24% over the same period.分析記事 • Dec 07What Kind Of Investors Own Most Of Fonciere Inea S.A. (EPA:INEA)?The big shareholder groups in Fonciere Inea S.A. ( EPA:INEA ) have power over the company. Institutions often own...Is New 90 Day High Low • Oct 10New 90-day low: €37.70The company is down 3.0% from its price of €39.00 on 10 July 2020. The French market is flat 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.業績と収益の成長予測ENXTPA:INEA - 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12/31/202875315150212/31/202774305548212/31/20267223794826/30/20268235053N/A3/31/20268345254N/A12/31/20258455456N/A9/30/20258355656N/A6/30/20258355757N/A3/31/20258115959N/A12/31/202480-36262N/A9/30/202477-36161N/A6/30/202475-36161N/A3/31/20247295656N/A12/31/202370225252N/A9/30/202367334445N/A6/30/202365443738N/A3/31/202362513232N/A12/31/202260582727N/A9/30/202258612526N/A6/30/202255632424N/A3/31/202254592526N/A12/31/202154542627N/A9/30/202152522727N/A6/30/202151502728N/A3/31/202150442323N/A12/31/202048391919N/A9/30/202047371818N/A6/30/202046341616N/A3/31/20204638N/A16N/A12/31/20194541N/A15N/A9/30/20194438N/A17N/A6/30/20194334N/A18N/A3/31/20194231N/A21N/A12/31/20184127N/A24N/A9/30/20183929N/A20N/A6/30/20183831N/A17N/A3/31/20183729N/A14N/A12/31/20173626N/A11N/A9/30/20173621N/A12N/A6/30/20173515N/A12N/A3/31/20173413N/A12N/A12/31/20163310N/A12N/A9/30/20163210N/A14N/A6/30/2016329N/A16N/A3/31/2016329N/A13N/A12/31/2015318N/A10N/A9/30/2015308N/A8N/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: INEAの予測収益成長率 (年間45.1% ) は 貯蓄率 ( 2.5% ) を上回っています。収益対市場: INEAの収益 ( 45.1% ) はFrench市場 ( 13% ) よりも速いペースで成長すると予測されています。高成長収益: INEAの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: INEAの収益は今後 3 年間で減少すると予想されています (年間-2.1% )。高い収益成長: INEAの収益は今後 3 年間で減少すると予測されています (年間-2.1% )。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: INEA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 ( 7.5 %)。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2026/08/04 03:13終値2026/08/04 00:00収益2026/06/30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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Fonciere Inea S.A. 2 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。2 アナリスト機関Vincent KoppmairDegroof PetercamFlorent Laroche-JoubertODDO BHF Corporate & Markets
Major Estimate Revision • Jul 24Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €75.9m to €71.6m. EPS estimate also fell from €2.45 per share to €1.77 per share. Net income forecast to grow 292% next year vs 71% growth forecast for Office REITs industry in France. Consensus price target of €35.50 unchanged from last update. Share price was steady at €33.20 over the past week.
Price Target Changed • Jul 16Price target decreased by 7.8% to €35.50Down from €38.50, the current price target is an average from 2 analysts. New target price is 8.9% above last closing price of €32.60. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of €2.45 for next year compared to €0.45 last year.
Major Estimate Revision • Oct 15Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €87.2m to €76.4m. EPS estimate fell from €2.81 to €2.45 per share. Net income forecast to grow 535% next year vs 64% growth forecast for Office REITs industry in France. Consensus price target down from €38.50 to €36.00. Share price rose 5.9% to €32.30 over the past week.
Price Target Changed • Jun 04Price target decreased by 7.9% to €35.00Down from €38.00, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of €37.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.10 next year compared to a net loss per share of €0.28 last year.
New Risk • Jul 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 6.1% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin).
Major Estimate Revision • Jul 24Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €75.9m to €71.6m. EPS estimate also fell from €2.45 per share to €1.77 per share. Net income forecast to grow 292% next year vs 71% growth forecast for Office REITs industry in France. Consensus price target of €35.50 unchanged from last update. Share price was steady at €33.20 over the past week.
Price Target Changed • Jul 16Price target decreased by 7.8% to €35.50Down from €38.50, the current price target is an average from 2 analysts. New target price is 8.9% above last closing price of €32.60. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of €2.45 for next year compared to €0.45 last year.
Upcoming Dividend • May 19Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 26 May 2026. Payment date: 28 May 2026. Trailing yield: 7.6%. Within top quartile of French dividend payers (5.5%). Higher than average of industry peers (6.1%).
Reported Earnings • Apr 06Full year 2025 earnings released: EPS: €0.45 (vs €0.28 loss in FY 2024)Full year 2025 results: EPS: €0.45 (up from €0.28 loss in FY 2024). Revenue: €83.8m (up 5.0% from FY 2024). Net income: €4.87m (up €7.89m from FY 2024). Profit margin: 5.8% (up from net loss in FY 2024). Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 04Fonciere Inea S.A., Annual General Meeting, May 20, 2026Fonciere Inea S.A., Annual General Meeting, May 20, 2026.
New Risk • Feb 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results.
Major Estimate Revision • Oct 15Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €87.2m to €76.4m. EPS estimate fell from €2.81 to €2.45 per share. Net income forecast to grow 535% next year vs 64% growth forecast for Office REITs industry in France. Consensus price target down from €38.50 to €36.00. Share price rose 5.9% to €32.30 over the past week.
Buy Or Sell Opportunity • Oct 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €30.20. The fair value is estimated to be €39.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 750% in the next 2 years.
Buy Or Sell Opportunity • Sep 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.2% to €32.60. The fair value is estimated to be €40.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 750% in the next 2 years.
Reported Earnings • Jul 28First half 2025 earnings released: EPS: €0.20 (vs €0.54 loss in 1H 2024)First half 2025 results: EPS: €0.20 (up from €0.54 loss in 1H 2024). Revenue: €41.9m (up 7.6% from 1H 2024). Net income: €2.21m (up €8.03m from 1H 2024). Profit margin: 5.3% (up from net loss in 1H 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Jun 16Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €34.80. The fair value is estimated to be €43.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making.
Price Target Changed • Jun 04Price target decreased by 7.9% to €35.00Down from €38.00, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of €37.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.10 next year compared to a net loss per share of €0.28 last year.
Upcoming Dividend • Jun 02Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 09 June 2025. Payment date: 11 June 2025. Trailing yield: 7.3%. Within top quartile of French dividend payers (5.4%). Higher than average of industry peers (5.3%).
Declared Dividend • Apr 07Dividend of €2.70 announcedShareholders will receive a dividend of €2.70. Ex-date: 9th June 2025 Payment date: 11th June 2025 Dividend yield will be 8.2%, which is higher than the industry average of 5.5%.
お知らせ • Apr 06Fonciere Inea S.A. announces Annual dividend, payable on June 11, 2025Fonciere Inea S.A. announced Annual dividend of EUR 0.3515 per share payable on June 11, 2025, ex-date on June 09, 2025 and record date on June 10, 2025.
Reported Earnings • Apr 04Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: €0.28 loss per share (down from €1.99 profit in FY 2023). Revenue: €79.8m (up 15% from FY 2023). Net loss: €3.02m (down 114% from profit in FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
お知らせ • Jan 15Fonciere Inea S.A., Annual General Meeting, Jun 04, 2025Fonciere Inea S.A., Annual General Meeting, Jun 04, 2025.
Reported Earnings • Sep 27First half 2024 earnings released: €0.54 loss per share (vs €1.77 profit in 1H 2023)First half 2024 results: €0.54 loss per share (down from €1.77 profit in 1H 2023). Revenue: €38.9m (up 16% from 1H 2023). Net loss: €5.83m (down 130% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jul 29First half 2024 earnings released: €0.54 loss per share (vs €1.77 profit in 1H 2023)First half 2024 results: €0.54 loss per share (down from €1.77 profit in 1H 2023). Revenue: €38.9m (up 16% from 1H 2023). Net loss: €5.83m (down 130% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Trailing yield: 8.1%. Within top quartile of French dividend payers (5.2%). Higher than average of industry peers (4.9%).
Reported Earnings • Apr 07Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: €1.99 (down from €6.00 in FY 2022). Revenue: €69.6m (up 17% from FY 2022). Net income: €21.5m (down 63% from FY 2022). Profit margin: 31% (down from 97% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
New Risk • Feb 11New 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 Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Earnings are forecast to decline by an average of 17% per year for the foreseeable future. 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 (67% net profit margin).
Reported Earnings • Jul 31First half 2023 earnings released: EPS: €1.77 (vs €3.93 in 1H 2022)First half 2023 results: EPS: €1.77 (down from €3.93 in 1H 2022). Revenue: €33.5m (up 19% from 1H 2022). Net income: €19.2m (down 43% from 1H 2022). Profit margin: 57% (down from 119% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Jul 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Dividend yield: 7.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (67% net profit margin).
New Risk • Jul 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% 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 (6.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding).
Upcoming Dividend • May 08Upcoming dividend of €2.70 per share at 6.6% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 6.6%. Within top quartile of French dividend payers (5.4%). In line with average of industry peers (6.0%).
Reported Earnings • Apr 17Full year 2022 earnings released: EPS: €6.00 (vs €6.45 in FY 2021)Full year 2022 results: EPS: €6.00. Revenue: €59.7m (up 12% from FY 2021). Net income: €58.1m (up 6.6% from FY 2021). Profit margin: 97% (down from 102% in FY 2021).
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Independent Director Thierry Vallet was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.9%. The fair value is estimated to be €50.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 13%.
Reported Earnings • Jul 28First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €24.8m from profit in 1H 2021). Profit margin: (down from 95% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Director Thierry Vallet was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 April 2022. Payment date: 29 April 2022. Trailing yield: 5.7%. Within top quartile of French dividend payers (4.8%). In line with average of industry peers (5.5%).
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: €6.45 (vs €4.61 in FY 2020)Full year 2021 results: EPS: €6.45 (up from €4.61 in FY 2020). Revenue: €53.6m (up 12% from FY 2020). Net income: €54.5m (up 40% from FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
お知らせ • Dec 18Fonciere Inea S.A. (ENXTPA:INEA) agreed to acquire Off-Plan Cyber Place Building In Rennes from Rennes Métropole and Nge Immobilier.Fonciere Inea S.A. (ENXTPA:INEA) agreed to acquire Off-Plan Cyber Place Building In Rennes from Rennes Métropole and Nge Immobilier on December 16, 2021. The transaction is expected to close on Q4 2023.
お知らせ • Sep 29Fonciere Inea S.A. (ENXTPA:INEA) acquired THE VEFA ARKO IN MÉRIGNAC from Aventim.Fonciere Inea S.A. (ENXTPA:INEA) acquired THE VEFA ARKO IN MÉRIGNAC from Aventim on September 27, 2021. Fonciere Inea S.A. (ENXTPA:INEA) completed the acquisition of THE VEFA ARKO IN MÉRIGNAC from Aventim on September 27, 2021.
Upcoming Dividend • May 10Upcoming dividend of €2.60 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 6.0%. Within top quartile of French dividend payers (4.0%). Higher than average of industry peers (4.5%).
Is New 90 Day High Low • Mar 06New 90-day high: €39.50The company is up 4.0% from its price of €38.00 on 04 December 2020. The French market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Feb 10New 90-day low: €37.50The company is down 2.0% from its price of €38.20 on 11 November 2020. The French market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 3.0% over the same period.
分析記事 • Feb 10Reflecting on Fonciere Inea's (EPA:INEA) Share Price Returns Over The Last YearPassive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While...
Is New 90 Day High Low • Jan 14New 90-day high: €39.20The company is up 4.0% from its price of €37.70 on 15 October 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 21% over the same period.
Is New 90 Day High Low • Dec 24New 90-day high: €38.90The company is up 1.0% from its price of €38.50 on 24 September 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 24% over the same period.
分析記事 • Dec 07What Kind Of Investors Own Most Of Fonciere Inea S.A. (EPA:INEA)?The big shareholder groups in Fonciere Inea S.A. ( EPA:INEA ) have power over the company. Institutions often own...
Is New 90 Day High Low • Oct 10New 90-day low: €37.70The company is down 3.0% from its price of €39.00 on 10 July 2020. The French market is flat 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.