View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsCovivio 将来の成長Future 基準チェック /46Covivioは、104.2%と2.4%でそれぞれ年率104.2%で利益と収益が成長すると予測される一方、EPSはgrowで102.9%年率。主要情報104.2%収益成長率102.86%EPS成長率Office REITs 収益成長0%収益成長率2.4%将来の株主資本利益率n/aアナリストカバレッジGood最終更新日10 Sep 2023今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Mar 05Covivio, Annual General Meeting, Apr 16, 2026Covivio, Annual General Meeting, Apr 16, 2026. Location: 10 rue de madrid, paris Franceお知らせ • Feb 21Covivio Proposes Cash Dividend for the Year 2025, Payable on 19 March 2026 and 17 July 2026 RespectivelyCovivio proposed cash dividend of EUR 3.75 per share for the year 2025, up 7% year-on-year, payable in two instalments. The company will submit to the vote of the Annual General Meeting on 16 April 2026. Considering the recurring nature of its business, the company will distribute the dividend in two instalments: an interim dividend of EUR 1.50 per share will be paid on 19 March 2026 (ex-dividend date: 17 March 2026), with the balance of EUR 2.25 per share to be paid on 17 July 2026 (ex-dividend date: 15 July 2026).お知らせ • Oct 24Covivio to Report Nine Months, 2026 Results on Oct 21, 2026Covivio announced that they will report nine months, 2026 results on Oct 21, 2026お知らせ • Oct 23+ 2 more updatesCovivio to Report Fiscal Year 2025 Results on Feb 18, 2026Covivio announced that they will report fiscal year 2025 results on Feb 18, 2026お知らせ • Jun 18Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France.Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025. Covivio now owns 100% stake in Tour Gan Office Tower (CB21). Veil Jourde acted as legal advisor for Covivio. The seller was advised by KPMG Avocats, Brice Engel of White & Case Paris and Rothschild & Co. Covivio (ENXTPA:COV) completed the acquisition of remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025.お知らせ • Mar 06Covivio, Annual General Meeting, Apr 17, 2025Covivio, Annual General Meeting, Apr 17, 2025. Location: 10 rue de madrid, paris Franceお知らせ • Nov 16+ 1 more updateCovivio to Report Q1, 2025 Results on Apr 16, 2025Covivio announced that they will report Q1, 2025 results at 6:00 PM, Central European Standard Time on Apr 16, 2025お知らせ • Nov 15Covivio to Report First Half, 2025 Results on Jul 21, 2025Covivio announced that they will report first half, 2025 results on Jul 21, 2025お知らせ • Oct 23Covivio to Report Fiscal Year 2024 Results on Feb 19, 2025Covivio announced that they will report fiscal year 2024 results on Feb 19, 2025お知らせ • Feb 23Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million.Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million on February 21, 2024. Covivio will issue 31 shares for every 100 Covivio Hotels shares. The transaction is subject to approval by the Contribution Appraiser. After completion of transaction, Covivio will hold 52.2% stake in Covivio Hotels and will file a mandatory simplified public exchange offer (the “Offer”) for the rest of the shares of Covivio Hotels, based on an exchange ratio of 31 Covivio shares for 100 Covivio Hotels shares. The transaction is expected to complete by end of April.お知らせ • Feb 09Covivio to Report Q2, 2024 Results on Jul 22, 2024Covivio announced that they will report Q2, 2024 results Pre-Market on Jul 22, 2024お知らせ • Feb 06Covivio, Annual General Meeting, Apr 17, 2024Covivio, Annual General Meeting, Apr 17, 2024, at 18:00 Central European Standard Time.お知らせ • Sep 22An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV).An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023. An unknown buyer completed the acquisition of Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023.Reported Earnings • Apr 09Full year 2022 earnings released: EPS: €6.61 (vs €9.79 in FY 2021)Full year 2022 results: EPS: €6.61 (down from €9.79 in FY 2021). Revenue: €1.07b (up 11% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 58% (down from 96% in FY 2021). The decrease in margin was driven by higher expenses. Net asset value (NAV) per share: €100.00 (up 3.2% from FY 2021). The current share price is 47% lower than NAV per share. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 25Full year 2022 earnings releasedFull year 2022 results: Revenue: €937.5m (down 3.0% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 66% (down from 96% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the REITs industry in Europe.お知らせ • Jan 27Covivio to Report First Half, 2023 Results on Jul 20, 2023Covivio announced that they will report first half, 2023 results on Jul 20, 2023Buying Opportunity • Oct 11Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €61.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 5.7% in 2 years. Earnings is forecast to decline by 57% in the next 2 years.Reported Earnings • Jul 22First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €466.9m from profit in 1H 2021). Profit margin: (down from 102% in 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 1.4% decline forecast for the industry in Italy.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €56.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.79 per share.Buying Opportunity • May 19Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €84.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period.Buying Opportunity • Apr 30Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.1%. The fair value is estimated to be €85.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period.Upcoming Dividend • Apr 18Upcoming dividend of €3.75 per shareEligible shareholders must have bought the stock before 25 April 2022. Payment date: 27 April 2022. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (4.0%).Buying Opportunity • Apr 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.0%. The fair value is estimated to be €87.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 5.4% per annum over the same time period.Buying Opportunity • Feb 24Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €90.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% per annum over the last 3 years. Earnings per share has been flat over the last year.Reported Earnings • Feb 24Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €865.6m (down 6.2% from FY 2020). Net income: €923.6m (up 157% from FY 2020). Net asset value (NAV) per share: €96.90 (up 7.0% from FY 2020). The current share price is 26% lower than NAV per share. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18% while thereits industry in Italy is not expected to grow.Buying Opportunity • Jan 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be €91.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% per annum over the last 3 years. Earnings per share has declined by 27% per annum over the last 3 years.Reported Earnings • Jul 24First half 2021 earnings released: EPS €4.95 (vs €2.19 in 1H 2020)First half 2021 results: Revenue: €410.5m (down 17% from 1H 2020). Net income: €466.9m (up 140% from 1H 2020).Upcoming Dividend • Apr 19Upcoming dividend of €3.60 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 4.7%. Within top quartile of Italian dividend payers (4.0%). Higher than average of industry peers (3.8%).Is New 90 Day High Low • Feb 18New 90-day low: €64.40The company is down 11% from its price of €72.00 on 20 November 2020. The Italian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €97.55 per share.Is New 90 Day High Low • Dec 04New 90-day high: €77.10The company is up 27% from its price of €60.75 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 25% share price gain to €66.50, the stock is trading at a trailing P/E ratio of 10.3x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 15x in the REITs industry in Europe. Total return to shareholders over the past year is a loss of 28%.Is New 90 Day High Low • Nov 10New 90-day high: €66.50The company is up 6.0% from its price of €62.50 on 12 August 2020. The Italian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €90.55 per share.Is New 90 Day High Low • Oct 22New 90-day low: €55.05The company is down 11% from its price of €62.05 on 24 July 2020. The Italian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €93.27 per share.Is New 90 Day High Low • Sep 22New 90-day low: €57.40The company is down 15% from its price of €67.70 on 24 June 2020. The Italian market is down 1.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €99.88 per share.業績と収益の成長予測BIT:4COV - 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12/31/20251,109544616474212/31/20241,0883901,076460212/31/20231,051-4071,19548126/30/20231,051-865277769N/A3/31/20231,059-122204733N/A12/31/20221,068621130698N/A9/30/20221,05093788702N/A6/30/20221,0311,25246707N/A3/31/20229991,08819698N/A12/31/2021967924-9689N/A9/30/2021947778-40663N/A6/30/2021928632-72638N/A3/31/2021925496-101569N/A12/31/2020923360-131501N/A9/30/2020930473-95531N/A6/30/2020938586-59562N/A3/31/20201,02266720668N/A12/31/20191,10674799773N/A9/30/20191,18369396821N/A6/30/20191,26063992869N/A3/31/20191,261694-7877N/A12/31/20181,261750-107884N/A9/30/20181,190820N/AN/AN/A6/30/20181,118890-8806N/A3/31/20181,058902-192772N/A12/31/2017998914-376738N/A9/30/2017980889N/AN/AN/A6/30/2017961864-757464N/A3/31/2017965825N/A480N/A12/31/2016968787N/A497N/A9/30/2016991712N/AN/AN/A6/30/20161,013637N/A746N/A3/31/20161,012566N/A726N/A12/31/20151,012494N/A707N/A9/30/20151,009414N/AN/AN/A6/30/20151,007334N/A642N/A3/31/2015999214N/A698N/A12/31/201499195N/A755N/A9/30/2014996130N/AN/AN/A6/30/20141,000165N/A764N/A3/31/2014979253N/A698N/A12/31/2013957340N/A632N/A9/30/2013920244N/AN/AN/A6/30/2013883147N/A641N/A3/31/201388360N/A630N/A12/31/2012882-27N/A620N/A9/30/201290520N/A644N/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: 4COVは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 2.2% ) よりも高い成長率であると考えられます。収益対市場: 4COV今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 4COV今後 3 年以内に収益を上げることが予想されます。収益対市場: 4COVの収益 ( 2.4% ) Italian市場 ( 5.9% ) よりも速いペースで成長すると予測されています。高い収益成長: 4COVの収益 ( 2.4% ) 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: 4COVの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘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2023/09/20 22:02終値2023/06/23 00:00収益2023/06/30年間収益2022/12/31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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Covivio 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。20 アナリスト機関Paul MayBarclaysCeline HuynhBarclaysValerie Jacob GueziBernstein17 その他のアナリストを表示
お知らせ • Mar 05Covivio, Annual General Meeting, Apr 16, 2026Covivio, Annual General Meeting, Apr 16, 2026. Location: 10 rue de madrid, paris France
お知らせ • Feb 21Covivio Proposes Cash Dividend for the Year 2025, Payable on 19 March 2026 and 17 July 2026 RespectivelyCovivio proposed cash dividend of EUR 3.75 per share for the year 2025, up 7% year-on-year, payable in two instalments. The company will submit to the vote of the Annual General Meeting on 16 April 2026. Considering the recurring nature of its business, the company will distribute the dividend in two instalments: an interim dividend of EUR 1.50 per share will be paid on 19 March 2026 (ex-dividend date: 17 March 2026), with the balance of EUR 2.25 per share to be paid on 17 July 2026 (ex-dividend date: 15 July 2026).
お知らせ • Oct 24Covivio to Report Nine Months, 2026 Results on Oct 21, 2026Covivio announced that they will report nine months, 2026 results on Oct 21, 2026
お知らせ • Oct 23+ 2 more updatesCovivio to Report Fiscal Year 2025 Results on Feb 18, 2026Covivio announced that they will report fiscal year 2025 results on Feb 18, 2026
お知らせ • Jun 18Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France.Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025. Covivio now owns 100% stake in Tour Gan Office Tower (CB21). Veil Jourde acted as legal advisor for Covivio. The seller was advised by KPMG Avocats, Brice Engel of White & Case Paris and Rothschild & Co. Covivio (ENXTPA:COV) completed the acquisition of remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025.
お知らせ • Mar 06Covivio, Annual General Meeting, Apr 17, 2025Covivio, Annual General Meeting, Apr 17, 2025. Location: 10 rue de madrid, paris France
お知らせ • Nov 16+ 1 more updateCovivio to Report Q1, 2025 Results on Apr 16, 2025Covivio announced that they will report Q1, 2025 results at 6:00 PM, Central European Standard Time on Apr 16, 2025
お知らせ • Nov 15Covivio to Report First Half, 2025 Results on Jul 21, 2025Covivio announced that they will report first half, 2025 results on Jul 21, 2025
お知らせ • Oct 23Covivio to Report Fiscal Year 2024 Results on Feb 19, 2025Covivio announced that they will report fiscal year 2024 results on Feb 19, 2025
お知らせ • Feb 23Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million.Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million on February 21, 2024. Covivio will issue 31 shares for every 100 Covivio Hotels shares. The transaction is subject to approval by the Contribution Appraiser. After completion of transaction, Covivio will hold 52.2% stake in Covivio Hotels and will file a mandatory simplified public exchange offer (the “Offer”) for the rest of the shares of Covivio Hotels, based on an exchange ratio of 31 Covivio shares for 100 Covivio Hotels shares. The transaction is expected to complete by end of April.
お知らせ • Feb 09Covivio to Report Q2, 2024 Results on Jul 22, 2024Covivio announced that they will report Q2, 2024 results Pre-Market on Jul 22, 2024
お知らせ • Feb 06Covivio, Annual General Meeting, Apr 17, 2024Covivio, Annual General Meeting, Apr 17, 2024, at 18:00 Central European Standard Time.
お知らせ • Sep 22An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV).An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023. An unknown buyer completed the acquisition of Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023.
Reported Earnings • Apr 09Full year 2022 earnings released: EPS: €6.61 (vs €9.79 in FY 2021)Full year 2022 results: EPS: €6.61 (down from €9.79 in FY 2021). Revenue: €1.07b (up 11% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 58% (down from 96% in FY 2021). The decrease in margin was driven by higher expenses. Net asset value (NAV) per share: €100.00 (up 3.2% from FY 2021). The current share price is 47% lower than NAV per share. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 25Full year 2022 earnings releasedFull year 2022 results: Revenue: €937.5m (down 3.0% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 66% (down from 96% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the REITs industry in Europe.
お知らせ • Jan 27Covivio to Report First Half, 2023 Results on Jul 20, 2023Covivio announced that they will report first half, 2023 results on Jul 20, 2023
Buying Opportunity • Oct 11Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €61.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 5.7% in 2 years. Earnings is forecast to decline by 57% in the next 2 years.
Reported Earnings • Jul 22First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €466.9m from profit in 1H 2021). Profit margin: (down from 102% in 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 1.4% decline forecast for the industry in Italy.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €56.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.79 per share.
Buying Opportunity • May 19Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €84.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period.
Buying Opportunity • Apr 30Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.1%. The fair value is estimated to be €85.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period.
Upcoming Dividend • Apr 18Upcoming dividend of €3.75 per shareEligible shareholders must have bought the stock before 25 April 2022. Payment date: 27 April 2022. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (4.0%).
Buying Opportunity • Apr 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.0%. The fair value is estimated to be €87.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 5.4% per annum over the same time period.
Buying Opportunity • Feb 24Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €90.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% per annum over the last 3 years. Earnings per share has been flat over the last year.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €865.6m (down 6.2% from FY 2020). Net income: €923.6m (up 157% from FY 2020). Net asset value (NAV) per share: €96.90 (up 7.0% from FY 2020). The current share price is 26% lower than NAV per share. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18% while thereits industry in Italy is not expected to grow.
Buying Opportunity • Jan 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be €91.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% per annum over the last 3 years. Earnings per share has declined by 27% per annum over the last 3 years.
Reported Earnings • Jul 24First half 2021 earnings released: EPS €4.95 (vs €2.19 in 1H 2020)First half 2021 results: Revenue: €410.5m (down 17% from 1H 2020). Net income: €466.9m (up 140% from 1H 2020).
Upcoming Dividend • Apr 19Upcoming dividend of €3.60 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 4.7%. Within top quartile of Italian dividend payers (4.0%). Higher than average of industry peers (3.8%).
Is New 90 Day High Low • Feb 18New 90-day low: €64.40The company is down 11% from its price of €72.00 on 20 November 2020. The Italian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €97.55 per share.
Is New 90 Day High Low • Dec 04New 90-day high: €77.10The company is up 27% from its price of €60.75 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 25% share price gain to €66.50, the stock is trading at a trailing P/E ratio of 10.3x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 15x in the REITs industry in Europe. Total return to shareholders over the past year is a loss of 28%.
Is New 90 Day High Low • Nov 10New 90-day high: €66.50The company is up 6.0% from its price of €62.50 on 12 August 2020. The Italian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €90.55 per share.
Is New 90 Day High Low • Oct 22New 90-day low: €55.05The company is down 11% from its price of €62.05 on 24 July 2020. The Italian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €93.27 per share.
Is New 90 Day High Low • Sep 22New 90-day low: €57.40The company is down 15% from its price of €67.70 on 24 June 2020. The Italian market is down 1.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €99.88 per share.