View ValuationMontea Comm. VA 향후 성장Future 기준 점검 1/6Montea Comm. VA (는) 각각 연간 8.2% 및 5.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 2.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.5% 로 예상됩니다.핵심 정보8.2%이익 성장률2.65%EPS 성장률Industrial REITs 이익 성장11.0%매출 성장률5.2%향후 자기자본이익률8.55%애널리스트 커버리지Good마지막 업데이트11 May 2026최근 향후 성장 업데이트Major Estimate Revision • Aug 24Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €6.70 to €8.22. Revenue forecast steady at €143.1m. Net income forecast to grow 13% next year vs 27% growth forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €79.13. Share price rose 3.2% to €70.00 over the past week.Major Estimate Revision • Mar 28Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €139.5m to €142.3m. EPS estimate fell from €6.54 to €5.78 per share. Net income forecast to grow 9.1% next year vs 10% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €82.13 unchanged from last update. Share price rose 4.7% to €67.00 over the past week.Major Estimate Revision • May 10Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €7.53 to €8.71. Revenue forecast steady at €122.9m. Net income forecast to grow 61% next year vs 7.4% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €90.71 unchanged from last update. Share price was steady at €84.80 over the past week.Major Estimate Revision • Nov 08Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €5.19 to €4.20 per share. Revenue forecast steady at €109.5m. Net income forecast to grow 13% next year vs 8.2% decline forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €85.17. Share price rose 3.2% to €67.80 over the past week.Major Estimate Revision • Aug 24Consensus EPS estimates fall by 33%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €107.3m to €110.2m. EPS estimate fell from €6.50 to €4.32 per share. Net income forecast to shrink 33% next year vs 11% decline forecast for Industrial REITs industry in Belgium. Consensus price target of €87.33 unchanged from last update. Share price rose 4.6% to €72.80 over the past week.Major Estimate Revision • Jan 13Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €92.3m to €93.8m. EPS estimate increased from €11.79 to €13.31 per share. Net income forecast to shrink 81% next year vs 41% decline forecast for REITs industry in Belgium. Consensus price target down from €97.00 to €85.25. Share price rose 5.5% to €72.50 over the past week.모든 업데이트 보기Recent updatesNew Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.속보 • May 13Montea Comm. VA Sees 6% EPRA EPS Gain With 99.6% Occupancy and 20% Rent UpliftEPRA earnings per share rose 6% in Q1 2026, supported by what the company described as strong operational performance. Like-for-like rental growth reached 2.7% and the portfolio occupancy rate stood at 99.6%. Montea signed or renewed 30,000 square meters of leases, with an average rent uplift of 20% on these contracts. The combination of very high occupancy, rent uplifts on new and renewed leases, and higher EPRA earnings per share points to a portfolio that is currently being used efficiently and priced higher on recent contracts. You may want to pay close attention to whether this level of rent uplift and occupancy can be maintained as leases roll over and as financing and construction costs evolve.공시 • May 12Montea Comm. VA, Annual General Meeting, May 19, 2026Montea Comm. VA, Annual General Meeting, May 19, 2026, at 10:00 Romance Standard Time.Reported Earnings • Apr 21Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €7.09 (down from €8.17 in FY 2024). Revenue: €173.1m (up 26% from FY 2024). Net income: €163.3m (down 4.8% from FY 2024). Profit margin: 94% (down from 125% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.New Risk • Mar 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.5% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Reported Earnings • Feb 13Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €7.09 (down from €8.17 in FY 2024). Revenue: €167.1m (up 22% from FY 2024). Net income: €163.3m (down 4.8% from FY 2024). Profit margin: 98% (down from 125% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.Buy Or Sell Opportunity • Nov 18Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.7% to €74.40. The fair value is estimated to be €61.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: €1.62 (vs €1.26 in 3Q 2024)Third quarter 2025 results: EPS: €1.62 (up from €1.26 in 3Q 2024). Revenue: €25.7m (up 10% from 3Q 2024). Net income: €37.4m (up 44% from 3Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings.공시 • Sep 10+ 1 more updateMontea Comm. VA to Report Fiscal Year 2025 Results on Feb 11, 2026Montea Comm. VA announced that they will report fiscal year 2025 results After-Market on Feb 11, 2026Major Estimate Revision • Aug 24Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €6.70 to €8.22. Revenue forecast steady at €143.1m. Net income forecast to grow 13% next year vs 27% growth forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €79.13. Share price rose 3.2% to €70.00 over the past week.Reported Earnings • Aug 22Second quarter 2025 earnings released: EPS: €2.30 (vs €3.74 in 2Q 2024)Second quarter 2025 results: EPS: €2.30 (down from €3.74 in 2Q 2024). Revenue: €46.0m (up 21% from 2Q 2024). Net income: €52.9m (down 30% from 2Q 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.공시 • May 23Montea Comm. VA announces Annual dividend, payable on June 04, 2025Montea Comm. VA announced Annual dividend of EUR 2.6200 per share payable on June 04, 2025, ex-date on May 23, 2025 and record date on May 26, 2025.New Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Reported Earnings • Apr 22Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €8.17 (up from €6.45 in FY 2023). Revenue: €137.2m (up 5.2% from FY 2023). Net income: €171.5m (up 45% from FY 2023). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.공시 • Apr 18+ 1 more updateMontea Comm. VA to Report First Half, 2025 Results on Aug 21, 2025Montea Comm. VA announced that they will report first half, 2025 results on Aug 21, 2025Major Estimate Revision • Mar 28Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €139.5m to €142.3m. EPS estimate fell from €6.54 to €5.78 per share. Net income forecast to grow 9.1% next year vs 10% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €82.13 unchanged from last update. Share price rose 4.7% to €67.00 over the past week.Reported Earnings • Feb 13Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €8.17 (up from €6.45 in FY 2023). Revenue: €137.2m (up 5.2% from FY 2023). Net income: €171.5m (up 45% from FY 2023). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jan 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €61.10. The fair value is estimated to be €77.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are forecast to decline by 1.5% per annum over the same time period.New Risk • Nov 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding).New Risk • Nov 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding).Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: €1.26 (vs €1.87 in 3Q 2023)Third quarter 2024 results: EPS: €1.26 (down from €1.87 in 3Q 2023). Revenue: €23.3m (down 3.5% from 3Q 2023). Net income: €26.1m (down 24% from 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Sep 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to €76.60. The fair value is estimated to be €96.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Reported Earnings • Aug 23Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €38.1m (up 9.1% from 2Q 2023). Net income: €75.9m (up 48% from 2Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe.Buy Or Sell Opportunity • Aug 22Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €80.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.공시 • Aug 22+ 1 more updateMontea Comm. VA to Report Q1, 2025 Results on May 08, 2025Montea Comm. VA announced that they will report Q1, 2025 results After-Market on May 08, 2025Buy Or Sell Opportunity • Aug 05Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.2% to €78.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Lieve Creten was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • May 19+ 1 more updateMontea Comm. VA to Report First Half, 2024 Results on Aug 20, 2024Montea Comm. VA announced that they will report first half, 2024 results on Aug 20, 2024Major Estimate Revision • May 10Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €7.53 to €8.71. Revenue forecast steady at €122.9m. Net income forecast to grow 61% next year vs 7.4% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €90.71 unchanged from last update. Share price was steady at €84.80 over the past week.Reported Earnings • Apr 22Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €6.45 (down from €12.37 in FY 2022). Revenue: €130.5m (up 18% from FY 2022). Net income: €118.5m (down 42% from FY 2022). Profit margin: 91% (down from 184% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 11Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €6.45 (down from €12.37 in FY 2022). Revenue: €130.5m (up 18% from FY 2022). Net income: €118.5m (down 42% from FY 2022). Profit margin: 91% (down from 184% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.공시 • Feb 06Montea Comm. VA to Report Fiscal Year 2023 Final Results on Apr 18, 2024Montea Comm. VA announced that they will report fiscal year 2023 final results at 5:40 PM, Central European Standard Time on Apr 18, 2024Major Estimate Revision • Nov 08Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €5.19 to €4.20 per share. Revenue forecast steady at €109.5m. Net income forecast to grow 13% next year vs 8.2% decline forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €85.17. Share price rose 3.2% to €67.80 over the past week.Buying Opportunity • Nov 06Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be €88.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 4.7% in 2 years. Earnings is forecast to grow by 72% in the next 2 years.Reported Earnings • Nov 05Third quarter 2023 earnings released: EPS: €1.87 (vs €2.30 in 3Q 2022)Third quarter 2023 results: EPS: €1.87 (down from €2.30 in 3Q 2022). Revenue: €24.2m (up 14% from 3Q 2022). Net income: €34.2m (down 9.5% from 3Q 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 11% per year.Major Estimate Revision • Aug 24Consensus EPS estimates fall by 33%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €107.3m to €110.2m. EPS estimate fell from €6.50 to €4.32 per share. Net income forecast to shrink 33% next year vs 11% decline forecast for Industrial REITs industry in Belgium. Consensus price target of €87.33 unchanged from last update. Share price rose 4.6% to €72.80 over the past week.Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: €2.84 (vs €6.14 in 2Q 2022)Second quarter 2023 results: EPS: €2.84 (down from €6.14 in 2Q 2022). Revenue: €34.9m (up 17% from 2Q 2022). Net income: €51.3m (down 49% from 2Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.공시 • Jun 14+ 2 more updatesMontea Comm. VA to Report Fiscal Year 2023 Results on Feb 07, 2024Montea Comm. VA announced that they will report fiscal year 2023 results at 5:40 PM, Central European Standard Time on Feb 07, 2024Major Estimate Revision • Jan 13Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €92.3m to €93.8m. EPS estimate increased from €11.79 to €13.31 per share. Net income forecast to shrink 81% next year vs 41% decline forecast for REITs industry in Belgium. Consensus price target down from €97.00 to €85.25. Share price rose 5.5% to €72.50 over the past week.Price Target Changed • Nov 16Price target decreased to €104Down from €115, the current price target is an average from 5 analysts. New target price is 57% above last closing price of €66.00. Stock is down 47% over the past year. The company is forecast to post earnings per share of €11.79 for next year compared to €14.11 last year.Major Estimate Revision • Oct 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €89.0m to €91.0m. EPS estimate fell from €13.63 to €11.44 per share. Net income forecast to shrink 57% next year vs 33% decline forecast for REITs industry in Belgium. Consensus price target down from €117 to €104. Share price fell 4.8% to €64.80 over the past week.Price Target Changed • Oct 11Price target decreased to €104Down from €117, the current price target is an average from 5 analysts. New target price is 56% above last closing price of €66.60. Stock is down 44% over the past year. The company is forecast to post earnings per share of €13.63 for next year compared to €14.11 last year.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €69.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the REITs industry in Belgium. Total loss to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €127 per share.공시 • Sep 23+ 4 more updatesMontea Comm. VA to Report Q1, 2023 Results on May 11, 2023Montea Comm. VA announced that they will report Q1, 2023 results at 9:00 AM, Central European Standard Time on May 11, 2023Reported Earnings • Aug 23First quarter 2022 earnings released: EPS: €4.86 (vs €4.87 in 1Q 2021)First quarter 2022 results: EPS: €4.86. Revenue: €21.9m (flat on 1Q 2021). Net income: €78.8m (flat on 1Q 2021). Over the next year, revenue is forecast to decline by 6.4% while the REITs industry in Belgium is not expected to grow.Price Target Changed • Aug 23Price target decreased to €119Down from €129, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €93.20. Stock is down 22% over the past year. The company is forecast to post earnings per share of €16.51 for next year compared to €14.11 last year.공시 • May 25Montea Comm. VA to Report First Half, 2022 Results on Jun 30, 2022Montea Comm. VA announced that they will report first half, 2022 results on Jun 30, 2022Buying Opportunity • May 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 7.7%. The fair value is estimated to be €128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is forecast to decline by 13% per annum over the same time period.Buying Opportunity • May 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 20% per annum over the same time period.Reported Earnings • Apr 18Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €14.12 (up from €9.74 in FY 2020). Revenue: €94.4m (up 14% from FY 2020). Net income: €227.7m (up 47% from FY 2020). Net asset value (NAV) per share: €62.60 (up 23% from FY 2020). The current share price is 95% higher than NAV per share. Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 8.2% compared to a 1.4% growth forecast for the reits industry in Belgium. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Feb 17Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €90.0m to €87.2m. EPS estimate also fell from €11.29 per share to €7.65 per share. Net income forecast to shrink 46% next year vs 28% decline forecast for REITs industry in Belgium. Consensus price target of €130 unchanged from last update. Share price fell 6.2% to €109 over the past week.Reported Earnings • Feb 14Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €14.02 (up from €9.74 in FY 2020). Revenue: €94.4m (up 14% from FY 2020). Net income: €226.1m (up 46% from FY 2020). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to decline by -12% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS €2.78 (vs €2.90 in 3Q 2020)Third quarter 2021 results: Revenue: €16.6m (up 1.7% from 3Q 2020). Net income: €45.1m (down 3.0% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Price Target Changed • Aug 25Price target increased to €116Up from €108, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €118. Stock is up 21% over the past year.Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS €3.14 (vs €2.61 in 2Q 2020)Second quarter 2021 results: Revenue: €25.7m (up 18% from 2Q 2020). Net income: €50.4m (up 22% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 34% per year.Major Estimate Revision • Aug 21Consensus EPS estimates increase to €9.39The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €80.1m to €81.1m. EPS estimate increased from €7.50 to €9.39 per share. Net income forecast to shrink 10% next year vs 30% decline forecast for REITs industry in Belgium. Consensus price target up from €108 to €115. Share price rose 2.1% to €119 over the past week.Price Target Changed • Aug 20Price target increased to €115Up from €105, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €119. Stock is up 23% over the past year.Major Estimate Revision • Jun 04Consensus EPS estimates increase to €7.50The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €78.1m to €80.1m. EPS estimate increased from €4.88 to €7.50 per share. Net income forecast to shrink 42% next year vs 4.9% growth forecast for REITs industry in Belgium . Consensus price target broadly unchanged at €107. Share price rose 4.1% to €98.70 over the past week.Executive Departure • May 23Non-Executive Director has left the companyOn the 18th of May, Jean-Marc Mayeur's tenure as Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Jean-Marc's name. A total of 3 executives have left over the last 12 months.Executive Departure • May 23Independent Vice-President of the Board Ciska Servais has left the companyOn the 18th of May, Ciska Servais' tenure as Independent Vice-President of the Board ended after 8.0 years in the role. We don't have any record of a personal shareholding under Ciska's name. A total of 3 executives have left over the last 12 months.Executive Departure • May 23Non-independent, Non-Executive Director has left the companyOn the 18th of May, Greta Afslag's tenure as Non-independent, Non-Executive Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Greta's name. A total of 3 executives have left over the last 12 months.Reported Earnings • May 17First quarter 2021 earnings released: EPS €4.87 (vs €0.42 in 1Q 2020)First quarter 2021 results: Revenue: €22.0m (up 25% from 1Q 2020). Net income: €78.1m (up €71.5m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 30New 90-day high: €101The company is up 7.0% from its price of €94.20 on 30 October 2020. The Belgian market is up 19% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the REITs industry, which is also up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.51 per share.분석 기사 • Dec 30What Kind Of Shareholders Hold The Majority In Montea Comm. VA's (EBR:MONT) Shares?If you want to know who really controls Montea Comm. VA ( EBR:MONT ), then you'll have to look at the makeup of its...Is New 90 Day High Low • Dec 15New 90-day low: €89.90The company is down 14% from its price of €104 on 15 September 2020. The Belgian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €335 per share.공시 • Sep 30+ 3 more updatesMontea Comm. VA to Report Nine Months, 2021 Results on Oct 29, 2021Montea Comm. VA announced that they will report nine months, 2021 results on Oct 29, 2021이익 및 매출 성장 예측ENXTBR:MONT - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028199200124181612/31/2027179190-56152812/31/2026160160-2115783/31/2026176165112118N/A12/31/2025173163115120N/A9/30/2025158165117120N/A6/30/2025156153140141N/A3/31/2025143176128129N/A12/31/2024137172114116N/A9/30/2024134154N/AN/AN/A6/30/2024135162108109N/A3/31/2024132121N/AN/AN/A12/31/2023131119111112N/A9/30/202312474N/AN/AN/A6/30/202312278104104N/A3/31/2023116126N/AN/AN/A12/31/20221112058484N/A9/30/2022103271N/AN/AN/A6/30/2022982787577N/A3/31/202294228N/AN/AN/A12/31/2021942287174N/A9/30/202191234N/AN/AN/A6/30/2021912364966N/A3/31/202187226N/AN/AN/A12/31/2020831556370N/A9/30/202080134N/AN/AN/A6/30/2020771086569N/A3/31/20207789N/AN/AN/A12/31/201976108N/A65N/A9/30/20197582N/AN/AN/A6/30/20197083N/A70N/A3/31/20196680N/AN/AN/A12/31/20186265N/A56N/A9/30/20185758N/AN/AN/A6/30/20185552N/A47N/A3/31/20185239N/AN/AN/A12/31/20175237N/A64N/A9/30/20175050N/AN/AN/A6/30/20175039N/A50N/A3/31/20174937N/AN/AN/A12/31/20164832N/A29N/A9/30/20164822N/AN/AN/A6/30/20164721N/A34N/A3/31/20164526N/AN/AN/A12/31/20154219N/A31N/A9/30/20154021N/AN/AN/A6/30/20153814N/A33N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MONT 의 연간 예상 수익 증가율(8.2%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: MONT 의 연간 수익(8.2%)이 Belgian 시장(13.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: MONT 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: MONT 의 수익(연간 5.2%)이 Belgian 시장(연간 6.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: MONT 의 수익(연간 5.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MONT의 자본 수익률은 3년 후 8.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 15:12종가2026/05/22 00:00수익2026/03/31연간 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 소스Montea Comm. VA는 12명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kanad MitraBarclaysKai KloseBerenbergAlexander MakarBerenberg9명의 분석가 더 보기
Major Estimate Revision • Aug 24Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €6.70 to €8.22. Revenue forecast steady at €143.1m. Net income forecast to grow 13% next year vs 27% growth forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €79.13. Share price rose 3.2% to €70.00 over the past week.
Major Estimate Revision • Mar 28Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €139.5m to €142.3m. EPS estimate fell from €6.54 to €5.78 per share. Net income forecast to grow 9.1% next year vs 10% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €82.13 unchanged from last update. Share price rose 4.7% to €67.00 over the past week.
Major Estimate Revision • May 10Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €7.53 to €8.71. Revenue forecast steady at €122.9m. Net income forecast to grow 61% next year vs 7.4% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €90.71 unchanged from last update. Share price was steady at €84.80 over the past week.
Major Estimate Revision • Nov 08Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €5.19 to €4.20 per share. Revenue forecast steady at €109.5m. Net income forecast to grow 13% next year vs 8.2% decline forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €85.17. Share price rose 3.2% to €67.80 over the past week.
Major Estimate Revision • Aug 24Consensus EPS estimates fall by 33%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €107.3m to €110.2m. EPS estimate fell from €6.50 to €4.32 per share. Net income forecast to shrink 33% next year vs 11% decline forecast for Industrial REITs industry in Belgium. Consensus price target of €87.33 unchanged from last update. Share price rose 4.6% to €72.80 over the past week.
Major Estimate Revision • Jan 13Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €92.3m to €93.8m. EPS estimate increased from €11.79 to €13.31 per share. Net income forecast to shrink 81% next year vs 41% decline forecast for REITs industry in Belgium. Consensus price target down from €97.00 to €85.25. Share price rose 5.5% to €72.50 over the past week.
New Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
속보 • May 13Montea Comm. VA Sees 6% EPRA EPS Gain With 99.6% Occupancy and 20% Rent UpliftEPRA earnings per share rose 6% in Q1 2026, supported by what the company described as strong operational performance. Like-for-like rental growth reached 2.7% and the portfolio occupancy rate stood at 99.6%. Montea signed or renewed 30,000 square meters of leases, with an average rent uplift of 20% on these contracts. The combination of very high occupancy, rent uplifts on new and renewed leases, and higher EPRA earnings per share points to a portfolio that is currently being used efficiently and priced higher on recent contracts. You may want to pay close attention to whether this level of rent uplift and occupancy can be maintained as leases roll over and as financing and construction costs evolve.
공시 • May 12Montea Comm. VA, Annual General Meeting, May 19, 2026Montea Comm. VA, Annual General Meeting, May 19, 2026, at 10:00 Romance Standard Time.
Reported Earnings • Apr 21Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €7.09 (down from €8.17 in FY 2024). Revenue: €173.1m (up 26% from FY 2024). Net income: €163.3m (down 4.8% from FY 2024). Profit margin: 94% (down from 125% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.
New Risk • Mar 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.5% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Feb 13Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €7.09 (down from €8.17 in FY 2024). Revenue: €167.1m (up 22% from FY 2024). Net income: €163.3m (down 4.8% from FY 2024). Profit margin: 98% (down from 125% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.
Buy Or Sell Opportunity • Nov 18Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.7% to €74.40. The fair value is estimated to be €61.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: €1.62 (vs €1.26 in 3Q 2024)Third quarter 2025 results: EPS: €1.62 (up from €1.26 in 3Q 2024). Revenue: €25.7m (up 10% from 3Q 2024). Net income: €37.4m (up 44% from 3Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
공시 • Sep 10+ 1 more updateMontea Comm. VA to Report Fiscal Year 2025 Results on Feb 11, 2026Montea Comm. VA announced that they will report fiscal year 2025 results After-Market on Feb 11, 2026
Major Estimate Revision • Aug 24Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €6.70 to €8.22. Revenue forecast steady at €143.1m. Net income forecast to grow 13% next year vs 27% growth forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €79.13. Share price rose 3.2% to €70.00 over the past week.
Reported Earnings • Aug 22Second quarter 2025 earnings released: EPS: €2.30 (vs €3.74 in 2Q 2024)Second quarter 2025 results: EPS: €2.30 (down from €3.74 in 2Q 2024). Revenue: €46.0m (up 21% from 2Q 2024). Net income: €52.9m (down 30% from 2Q 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
공시 • May 23Montea Comm. VA announces Annual dividend, payable on June 04, 2025Montea Comm. VA announced Annual dividend of EUR 2.6200 per share payable on June 04, 2025, ex-date on May 23, 2025 and record date on May 26, 2025.
New Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Apr 22Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €8.17 (up from €6.45 in FY 2023). Revenue: €137.2m (up 5.2% from FY 2023). Net income: €171.5m (up 45% from FY 2023). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
공시 • Apr 18+ 1 more updateMontea Comm. VA to Report First Half, 2025 Results on Aug 21, 2025Montea Comm. VA announced that they will report first half, 2025 results on Aug 21, 2025
Major Estimate Revision • Mar 28Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €139.5m to €142.3m. EPS estimate fell from €6.54 to €5.78 per share. Net income forecast to grow 9.1% next year vs 10% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €82.13 unchanged from last update. Share price rose 4.7% to €67.00 over the past week.
Reported Earnings • Feb 13Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €8.17 (up from €6.45 in FY 2023). Revenue: €137.2m (up 5.2% from FY 2023). Net income: €171.5m (up 45% from FY 2023). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jan 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €61.10. The fair value is estimated to be €77.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are forecast to decline by 1.5% per annum over the same time period.
New Risk • Nov 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding).
New Risk • Nov 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding).
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: €1.26 (vs €1.87 in 3Q 2023)Third quarter 2024 results: EPS: €1.26 (down from €1.87 in 3Q 2023). Revenue: €23.3m (down 3.5% from 3Q 2023). Net income: €26.1m (down 24% from 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Sep 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to €76.60. The fair value is estimated to be €96.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Reported Earnings • Aug 23Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €38.1m (up 9.1% from 2Q 2023). Net income: €75.9m (up 48% from 2Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe.
Buy Or Sell Opportunity • Aug 22Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €80.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.
공시 • Aug 22+ 1 more updateMontea Comm. VA to Report Q1, 2025 Results on May 08, 2025Montea Comm. VA announced that they will report Q1, 2025 results After-Market on May 08, 2025
Buy Or Sell Opportunity • Aug 05Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.2% to €78.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.
Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Lieve Creten was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • May 19+ 1 more updateMontea Comm. VA to Report First Half, 2024 Results on Aug 20, 2024Montea Comm. VA announced that they will report first half, 2024 results on Aug 20, 2024
Major Estimate Revision • May 10Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €7.53 to €8.71. Revenue forecast steady at €122.9m. Net income forecast to grow 61% next year vs 7.4% growth forecast for Industrial REITs industry in Belgium. Consensus price target of €90.71 unchanged from last update. Share price was steady at €84.80 over the past week.
Reported Earnings • Apr 22Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €6.45 (down from €12.37 in FY 2022). Revenue: €130.5m (up 18% from FY 2022). Net income: €118.5m (down 42% from FY 2022). Profit margin: 91% (down from 184% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 11Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €6.45 (down from €12.37 in FY 2022). Revenue: €130.5m (up 18% from FY 2022). Net income: €118.5m (down 42% from FY 2022). Profit margin: 91% (down from 184% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
공시 • Feb 06Montea Comm. VA to Report Fiscal Year 2023 Final Results on Apr 18, 2024Montea Comm. VA announced that they will report fiscal year 2023 final results at 5:40 PM, Central European Standard Time on Apr 18, 2024
Major Estimate Revision • Nov 08Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €5.19 to €4.20 per share. Revenue forecast steady at €109.5m. Net income forecast to grow 13% next year vs 8.2% decline forecast for Industrial REITs industry in Belgium. Consensus price target broadly unchanged at €85.17. Share price rose 3.2% to €67.80 over the past week.
Buying Opportunity • Nov 06Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be €88.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 4.7% in 2 years. Earnings is forecast to grow by 72% in the next 2 years.
Reported Earnings • Nov 05Third quarter 2023 earnings released: EPS: €1.87 (vs €2.30 in 3Q 2022)Third quarter 2023 results: EPS: €1.87 (down from €2.30 in 3Q 2022). Revenue: €24.2m (up 14% from 3Q 2022). Net income: €34.2m (down 9.5% from 3Q 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 11% per year.
Major Estimate Revision • Aug 24Consensus EPS estimates fall by 33%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €107.3m to €110.2m. EPS estimate fell from €6.50 to €4.32 per share. Net income forecast to shrink 33% next year vs 11% decline forecast for Industrial REITs industry in Belgium. Consensus price target of €87.33 unchanged from last update. Share price rose 4.6% to €72.80 over the past week.
Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: €2.84 (vs €6.14 in 2Q 2022)Second quarter 2023 results: EPS: €2.84 (down from €6.14 in 2Q 2022). Revenue: €34.9m (up 17% from 2Q 2022). Net income: €51.3m (down 49% from 2Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
공시 • Jun 14+ 2 more updatesMontea Comm. VA to Report Fiscal Year 2023 Results on Feb 07, 2024Montea Comm. VA announced that they will report fiscal year 2023 results at 5:40 PM, Central European Standard Time on Feb 07, 2024
Major Estimate Revision • Jan 13Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €92.3m to €93.8m. EPS estimate increased from €11.79 to €13.31 per share. Net income forecast to shrink 81% next year vs 41% decline forecast for REITs industry in Belgium. Consensus price target down from €97.00 to €85.25. Share price rose 5.5% to €72.50 over the past week.
Price Target Changed • Nov 16Price target decreased to €104Down from €115, the current price target is an average from 5 analysts. New target price is 57% above last closing price of €66.00. Stock is down 47% over the past year. The company is forecast to post earnings per share of €11.79 for next year compared to €14.11 last year.
Major Estimate Revision • Oct 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €89.0m to €91.0m. EPS estimate fell from €13.63 to €11.44 per share. Net income forecast to shrink 57% next year vs 33% decline forecast for REITs industry in Belgium. Consensus price target down from €117 to €104. Share price fell 4.8% to €64.80 over the past week.
Price Target Changed • Oct 11Price target decreased to €104Down from €117, the current price target is an average from 5 analysts. New target price is 56% above last closing price of €66.60. Stock is down 44% over the past year. The company is forecast to post earnings per share of €13.63 for next year compared to €14.11 last year.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €69.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the REITs industry in Belgium. Total loss to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €127 per share.
공시 • Sep 23+ 4 more updatesMontea Comm. VA to Report Q1, 2023 Results on May 11, 2023Montea Comm. VA announced that they will report Q1, 2023 results at 9:00 AM, Central European Standard Time on May 11, 2023
Reported Earnings • Aug 23First quarter 2022 earnings released: EPS: €4.86 (vs €4.87 in 1Q 2021)First quarter 2022 results: EPS: €4.86. Revenue: €21.9m (flat on 1Q 2021). Net income: €78.8m (flat on 1Q 2021). Over the next year, revenue is forecast to decline by 6.4% while the REITs industry in Belgium is not expected to grow.
Price Target Changed • Aug 23Price target decreased to €119Down from €129, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €93.20. Stock is down 22% over the past year. The company is forecast to post earnings per share of €16.51 for next year compared to €14.11 last year.
공시 • May 25Montea Comm. VA to Report First Half, 2022 Results on Jun 30, 2022Montea Comm. VA announced that they will report first half, 2022 results on Jun 30, 2022
Buying Opportunity • May 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 7.7%. The fair value is estimated to be €128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is forecast to decline by 13% per annum over the same time period.
Buying Opportunity • May 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 20% per annum over the same time period.
Reported Earnings • Apr 18Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €14.12 (up from €9.74 in FY 2020). Revenue: €94.4m (up 14% from FY 2020). Net income: €227.7m (up 47% from FY 2020). Net asset value (NAV) per share: €62.60 (up 23% from FY 2020). The current share price is 95% higher than NAV per share. Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 8.2% compared to a 1.4% growth forecast for the reits industry in Belgium. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Feb 17Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €90.0m to €87.2m. EPS estimate also fell from €11.29 per share to €7.65 per share. Net income forecast to shrink 46% next year vs 28% decline forecast for REITs industry in Belgium. Consensus price target of €130 unchanged from last update. Share price fell 6.2% to €109 over the past week.
Reported Earnings • Feb 14Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €14.02 (up from €9.74 in FY 2020). Revenue: €94.4m (up 14% from FY 2020). Net income: €226.1m (up 46% from FY 2020). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to decline by -12% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS €2.78 (vs €2.90 in 3Q 2020)Third quarter 2021 results: Revenue: €16.6m (up 1.7% from 3Q 2020). Net income: €45.1m (down 3.0% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Aug 25Price target increased to €116Up from €108, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €118. Stock is up 21% over the past year.
Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS €3.14 (vs €2.61 in 2Q 2020)Second quarter 2021 results: Revenue: €25.7m (up 18% from 2Q 2020). Net income: €50.4m (up 22% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 34% per year.
Major Estimate Revision • Aug 21Consensus EPS estimates increase to €9.39The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €80.1m to €81.1m. EPS estimate increased from €7.50 to €9.39 per share. Net income forecast to shrink 10% next year vs 30% decline forecast for REITs industry in Belgium. Consensus price target up from €108 to €115. Share price rose 2.1% to €119 over the past week.
Price Target Changed • Aug 20Price target increased to €115Up from €105, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €119. Stock is up 23% over the past year.
Major Estimate Revision • Jun 04Consensus EPS estimates increase to €7.50The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €78.1m to €80.1m. EPS estimate increased from €4.88 to €7.50 per share. Net income forecast to shrink 42% next year vs 4.9% growth forecast for REITs industry in Belgium . Consensus price target broadly unchanged at €107. Share price rose 4.1% to €98.70 over the past week.
Executive Departure • May 23Non-Executive Director has left the companyOn the 18th of May, Jean-Marc Mayeur's tenure as Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Jean-Marc's name. A total of 3 executives have left over the last 12 months.
Executive Departure • May 23Independent Vice-President of the Board Ciska Servais has left the companyOn the 18th of May, Ciska Servais' tenure as Independent Vice-President of the Board ended after 8.0 years in the role. We don't have any record of a personal shareholding under Ciska's name. A total of 3 executives have left over the last 12 months.
Executive Departure • May 23Non-independent, Non-Executive Director has left the companyOn the 18th of May, Greta Afslag's tenure as Non-independent, Non-Executive Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Greta's name. A total of 3 executives have left over the last 12 months.
Reported Earnings • May 17First quarter 2021 earnings released: EPS €4.87 (vs €0.42 in 1Q 2020)First quarter 2021 results: Revenue: €22.0m (up 25% from 1Q 2020). Net income: €78.1m (up €71.5m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 30New 90-day high: €101The company is up 7.0% from its price of €94.20 on 30 October 2020. The Belgian market is up 19% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the REITs industry, which is also up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.51 per share.
분석 기사 • Dec 30What Kind Of Shareholders Hold The Majority In Montea Comm. VA's (EBR:MONT) Shares?If you want to know who really controls Montea Comm. VA ( EBR:MONT ), then you'll have to look at the makeup of its...
Is New 90 Day High Low • Dec 15New 90-day low: €89.90The company is down 14% from its price of €104 on 15 September 2020. The Belgian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €335 per share.
공시 • Sep 30+ 3 more updatesMontea Comm. VA to Report Nine Months, 2021 Results on Oct 29, 2021Montea Comm. VA announced that they will report nine months, 2021 results on Oct 29, 2021