View Financial HealthImmobel 배당 및 자사주 매입배당 기준 점검 0/6Immobel 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률0%배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • Apr 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (142% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change).Reported Earnings • Mar 08Full year 2025 earnings releasedFull year 2025 results: Revenue: €456.4m (up 21% from FY 2024). Net income: €48.4m (up €142.2m from FY 2024). Profit margin: 11% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Belgium are expected to grow by 15%.New Risk • Mar 05New major risk - Revenue and earnings growthEarnings have declined by 58% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 58% per year over the past 5 years.분석 기사 • Oct 28Immobel SA (EBR:IMMO) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-sales (or "P/S") ratio of 0.6x Immobel SA ( EBR:IMMO ) may be sending very bullish signals at the...분석 기사 • Sep 20Immobel's (EBR:IMMO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for Immobel SA's ( EBR:IMMO ) stock hasn't moved much. We did some...Reported Earnings • Sep 15First half 2025 earnings released: EPS: €3.08 (vs €8.87 loss in 1H 2024)First half 2025 results: EPS: €3.08 (up from €8.87 loss in 1H 2024). Revenue: €148.3m (up 33% from 1H 2024). Net income: €31.5m (up €120.7m from 1H 2024). Profit margin: 21% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.New Risk • Jul 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change).분석 기사 • Jul 12Immobel SA (EBR:IMMO) Stock Catapults 26% Though Its Price And Business Still Lag The IndustryImmobel SA ( EBR:IMMO ) shares have continued their recent momentum with a 26% gain in the last month alone. But the...분석 기사 • Apr 30Immobel (EBR:IMMO) Has Debt But No Earnings; Should You Worry?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Price Target Changed • Mar 12Price target decreased by 17% to €35.00Down from €42.00, the current price target is an average from 3 analysts. New target price is 105% above last closing price of €17.10. Stock is down 31% over the past year.Reported Earnings • Mar 09Full year 2024 earnings releasedFull year 2024 results: Revenue: €377.5m (up 141% from FY 2023). Net loss: €93.7m (loss widened 144% from FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 1.2% decline forecast for the Real Estate industry in Europe.New Risk • Mar 07New major risk - Revenue and earnings growthEarnings have declined by 64% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 (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 64% per year over the past 5 years.분석 기사 • Feb 28Many Still Looking Away From Immobel SA (EBR:IMMO)Immobel SA's ( EBR:IMMO ) price-to-sales (or "P/S") ratio of 1x might make it look like a strong buy right now compared...New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding).분석 기사 • Apr 05Immobel SA (EBR:IMMO) Stock Rockets 28% But Many Are Still Ignoring The CompanyImmobel SA ( EBR:IMMO ) shareholders are no doubt pleased to see that the share price has bounced 28% in the last...Reported Earnings • Mar 12Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €3.85 loss per share (down from €1.08 profit in FY 2022). Revenue: €162.8m (down 31% from FY 2022). Net loss: €38.4m (down 458% from profit in FY 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.분석 기사 • Nov 03Are Investors Undervaluing Immobel SA (EBR:IMMO) By 32%?Key Insights Using the Dividend Discount Model, Immobel fair value estimate is €41.24 Immobel's €27.90 share price...Reported Earnings • Sep 19First half 2023 earnings releasedFirst half 2023 results: Revenue: €81.7m (down 36% from 1H 2022). Net loss: €2.79m (down 131% from profit in 1H 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Buying Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €43.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 34% per annum. Earnings is also forecast to grow by 47% per annum over the same time period.분석 기사 • Jun 28A Look At The Fair Value Of Immobel SA (EBR:IMMO)Key Insights The projected fair value for Immobel is €36.79 based on Dividend Discount Model With €35.05 share price...Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €45.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Real Estate industry in Europe. Total loss to shareholders of 18% over the past three years.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. 5 experienced directors. 1 highly experienced director. Independent Director Patrick Albrand was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to €47.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Real Estate industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.03 per share.Buying Opportunity • Oct 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €53.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €43.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Real Estate industry in Europe. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €53.78 per share.분석 기사 • Sep 24Calculating The Intrinsic Value Of Immobel SA (EBR:IMMO)Today we will run through one way of estimating the intrinsic value of Immobel SA ( EBR:IMMO ) by taking the expected...분석 기사 • Jun 14We Think Immobel (EBR:IMMO) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Price Target Changed • Apr 27Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of €67.60. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €9.52 for next year compared to €3.58 last year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Wolfgang de Limburg Stirum was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Wolfgang de Limburg Stirum was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Price Target Changed • Sep 13Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of €75.50. Stock is up 9.7% over the past year.Reported Earnings • Sep 12First half 2021 earnings released: EPS €3.00 (vs €2.43 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €178.4m (down 14% from 1H 2020). Net income: €29.9m (up 37% from 1H 2020). Profit margin: 17% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.분석 기사 • Jun 01These 4 Measures Indicate That Immobel (EBR:IMMO) Is Using Debt In A Risky WayWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...분석 기사 • Feb 18Would IMMOBEL SA (EBR:IMMO) Be Valuable To Income Investors?Could IMMOBEL SA ( EBR:IMMO ) be an attractive dividend share to own for the long haul? Investors are often drawn to...분석 기사 • Jan 28Did IMMOBEL SA (EBR:IMMO) Use Debt To Deliver Its ROE Of 14%?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...분석 기사 • Jan 08Does IMMOBEL's (EBR:IMMO) Statutory Profit Adequately Reflect Its Underlying Profit?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...공시 • Jan 06IMMOBEL SA announced that it has received €17.303814 million in fundingIMMOBEL SA (ENXTBR:IMMO) announced a private placement of 262,179 treasury shares at €66 per share for a gross proceeds of €17,303,814 on January 5, 2021. The transaction included participation from qualified international institutional investors. The shares amounted to approximately 2.6% of outstanding share capital of the company. The Shares placed via the accelerated bookbuilding process. The shares are subject to a lock-up of 90 days following the transaction, subject to customary exceptions.Is New 90 Day High Low • Dec 29New 90-day high: €69.00The company is up 6.0% from its price of €65.40 on 30 September 2020. The Belgian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.90 per share.분석 기사 • Dec 17Broker Revenue Forecasts For IMMOBEL SA (EBR:IMMO) Are Surging HigherCelebrations may be in order for IMMOBEL SA ( EBR:IMMO ) shareholders, with the analysts delivering a significant...Major Estimate Revision • Dec 17Analysts update estimatesThe 2020 consensus revenue estimate increased from €323.8m to €364.2m. Earning per share (EPS) estimate was unchanged from the last update at €3.58. The Real Estate industry in Belgium is expected to see a 20% decline in net income next year. The consensus price target of €74.67 was unchanged from the last update. Share price stayed mostly flat at €64.20 over the past week.공시 • Dec 17IMMOBEL SA (ENXTBR:IMMO) reached an agreement to acquire Etmofina NV from TOTAL SE (ENXTPA:FP).IMMOBEL SA (ENXTBR:IMMO) reached an agreement to acquire Etmofina NV from TOTAL SE (ENXTPA:FP) on December 15, 2020.분석 기사 • Dec 08Investors Who Bought IMMOBEL (EBR:IMMO) Shares Three Years Ago Are Now Up 18%One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive...분석 기사 • Nov 19Is IMMOBEL SA (EBR:IMMO) An Attractive Dividend Stock?Today we'll take a closer look at IMMOBEL SA (EBR:IMMO) from a dividend investor's perspective. Owning a strong...Is New 90 Day High Low • Oct 27New 90-day low: €62.40The company is down 4.0% from its price of €65.20 on 29 July 2020. The Belgian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.68 per share.분석 기사 • Aug 18Is IMMOBEL SA (EBR:IMMO) A Good Fit For Your Dividend Portfolio?Today we'll take a closer look at IMMOBEL SA (EBR:IMMO) from a dividend investor's perspective. Owning a strong...지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 IMMO 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: IMMO 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Immobel 배당 수익률 vs 시장IMMO의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (IMMO)0%시장 하위 25% (BE)2.4%시장 상위 25% (BE)6.9%업계 평균 (Real Estate)4.3%분석가 예측 (IMMO) (최대 3년)0%주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 IMMO 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 IMMO 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: IMMO Belgian 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: IMMO 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YBE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/14 14:59종가2026/06/12 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Immobel SA는 5명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kai KloseBerenbergVincent KoppmairDegroof PetercamMarc ZwartsenburgING Groep NV2명의 분석가 더 보기
New Risk • Apr 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (142% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change).
Reported Earnings • Mar 08Full year 2025 earnings releasedFull year 2025 results: Revenue: €456.4m (up 21% from FY 2024). Net income: €48.4m (up €142.2m from FY 2024). Profit margin: 11% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Belgium are expected to grow by 15%.
New Risk • Mar 05New major risk - Revenue and earnings growthEarnings have declined by 58% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 58% per year over the past 5 years.
분석 기사 • Oct 28Immobel SA (EBR:IMMO) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-sales (or "P/S") ratio of 0.6x Immobel SA ( EBR:IMMO ) may be sending very bullish signals at the...
분석 기사 • Sep 20Immobel's (EBR:IMMO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for Immobel SA's ( EBR:IMMO ) stock hasn't moved much. We did some...
Reported Earnings • Sep 15First half 2025 earnings released: EPS: €3.08 (vs €8.87 loss in 1H 2024)First half 2025 results: EPS: €3.08 (up from €8.87 loss in 1H 2024). Revenue: €148.3m (up 33% from 1H 2024). Net income: €31.5m (up €120.7m from 1H 2024). Profit margin: 21% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
New Risk • Jul 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change).
분석 기사 • Jul 12Immobel SA (EBR:IMMO) Stock Catapults 26% Though Its Price And Business Still Lag The IndustryImmobel SA ( EBR:IMMO ) shares have continued their recent momentum with a 26% gain in the last month alone. But the...
분석 기사 • Apr 30Immobel (EBR:IMMO) Has Debt But No Earnings; Should You Worry?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Price Target Changed • Mar 12Price target decreased by 17% to €35.00Down from €42.00, the current price target is an average from 3 analysts. New target price is 105% above last closing price of €17.10. Stock is down 31% over the past year.
Reported Earnings • Mar 09Full year 2024 earnings releasedFull year 2024 results: Revenue: €377.5m (up 141% from FY 2023). Net loss: €93.7m (loss widened 144% from FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 1.2% decline forecast for the Real Estate industry in Europe.
New Risk • Mar 07New major risk - Revenue and earnings growthEarnings have declined by 64% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 (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 64% per year over the past 5 years.
분석 기사 • Feb 28Many Still Looking Away From Immobel SA (EBR:IMMO)Immobel SA's ( EBR:IMMO ) price-to-sales (or "P/S") ratio of 1x might make it look like a strong buy right now compared...
New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
분석 기사 • Apr 05Immobel SA (EBR:IMMO) Stock Rockets 28% But Many Are Still Ignoring The CompanyImmobel SA ( EBR:IMMO ) shareholders are no doubt pleased to see that the share price has bounced 28% in the last...
Reported Earnings • Mar 12Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €3.85 loss per share (down from €1.08 profit in FY 2022). Revenue: €162.8m (down 31% from FY 2022). Net loss: €38.4m (down 458% from profit in FY 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
분석 기사 • Nov 03Are Investors Undervaluing Immobel SA (EBR:IMMO) By 32%?Key Insights Using the Dividend Discount Model, Immobel fair value estimate is €41.24 Immobel's €27.90 share price...
Reported Earnings • Sep 19First half 2023 earnings releasedFirst half 2023 results: Revenue: €81.7m (down 36% from 1H 2022). Net loss: €2.79m (down 131% from profit in 1H 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €43.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 34% per annum. Earnings is also forecast to grow by 47% per annum over the same time period.
분석 기사 • Jun 28A Look At The Fair Value Of Immobel SA (EBR:IMMO)Key Insights The projected fair value for Immobel is €36.79 based on Dividend Discount Model With €35.05 share price...
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €45.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Real Estate industry in Europe. Total loss to shareholders of 18% over the past three years.
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. 5 experienced directors. 1 highly experienced director. Independent Director Patrick Albrand was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to €47.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Real Estate industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.03 per share.
Buying Opportunity • Oct 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €53.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €43.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Real Estate industry in Europe. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €53.78 per share.
분석 기사 • Sep 24Calculating The Intrinsic Value Of Immobel SA (EBR:IMMO)Today we will run through one way of estimating the intrinsic value of Immobel SA ( EBR:IMMO ) by taking the expected...
분석 기사 • Jun 14We Think Immobel (EBR:IMMO) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Price Target Changed • Apr 27Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of €67.60. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €9.52 for next year compared to €3.58 last year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Wolfgang de Limburg Stirum was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Wolfgang de Limburg Stirum was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Price Target Changed • Sep 13Price target increased to €82.00Up from €70.00, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of €75.50. Stock is up 9.7% over the past year.
Reported Earnings • Sep 12First half 2021 earnings released: EPS €3.00 (vs €2.43 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €178.4m (down 14% from 1H 2020). Net income: €29.9m (up 37% from 1H 2020). Profit margin: 17% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
분석 기사 • Jun 01These 4 Measures Indicate That Immobel (EBR:IMMO) Is Using Debt In A Risky WayWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
분석 기사 • Feb 18Would IMMOBEL SA (EBR:IMMO) Be Valuable To Income Investors?Could IMMOBEL SA ( EBR:IMMO ) be an attractive dividend share to own for the long haul? Investors are often drawn to...
분석 기사 • Jan 28Did IMMOBEL SA (EBR:IMMO) Use Debt To Deliver Its ROE Of 14%?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
분석 기사 • Jan 08Does IMMOBEL's (EBR:IMMO) Statutory Profit Adequately Reflect Its Underlying Profit?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
공시 • Jan 06IMMOBEL SA announced that it has received €17.303814 million in fundingIMMOBEL SA (ENXTBR:IMMO) announced a private placement of 262,179 treasury shares at €66 per share for a gross proceeds of €17,303,814 on January 5, 2021. The transaction included participation from qualified international institutional investors. The shares amounted to approximately 2.6% of outstanding share capital of the company. The Shares placed via the accelerated bookbuilding process. The shares are subject to a lock-up of 90 days following the transaction, subject to customary exceptions.
Is New 90 Day High Low • Dec 29New 90-day high: €69.00The company is up 6.0% from its price of €65.40 on 30 September 2020. The Belgian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.90 per share.
분석 기사 • Dec 17Broker Revenue Forecasts For IMMOBEL SA (EBR:IMMO) Are Surging HigherCelebrations may be in order for IMMOBEL SA ( EBR:IMMO ) shareholders, with the analysts delivering a significant...
Major Estimate Revision • Dec 17Analysts update estimatesThe 2020 consensus revenue estimate increased from €323.8m to €364.2m. Earning per share (EPS) estimate was unchanged from the last update at €3.58. The Real Estate industry in Belgium is expected to see a 20% decline in net income next year. The consensus price target of €74.67 was unchanged from the last update. Share price stayed mostly flat at €64.20 over the past week.
공시 • Dec 17IMMOBEL SA (ENXTBR:IMMO) reached an agreement to acquire Etmofina NV from TOTAL SE (ENXTPA:FP).IMMOBEL SA (ENXTBR:IMMO) reached an agreement to acquire Etmofina NV from TOTAL SE (ENXTPA:FP) on December 15, 2020.
분석 기사 • Dec 08Investors Who Bought IMMOBEL (EBR:IMMO) Shares Three Years Ago Are Now Up 18%One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive...
분석 기사 • Nov 19Is IMMOBEL SA (EBR:IMMO) An Attractive Dividend Stock?Today we'll take a closer look at IMMOBEL SA (EBR:IMMO) from a dividend investor's perspective. Owning a strong...
Is New 90 Day High Low • Oct 27New 90-day low: €62.40The company is down 4.0% from its price of €65.20 on 29 July 2020. The Belgian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.68 per share.
분석 기사 • Aug 18Is IMMOBEL SA (EBR:IMMO) A Good Fit For Your Dividend Portfolio?Today we'll take a closer look at IMMOBEL SA (EBR:IMMO) from a dividend investor's perspective. Owning a strong...