View ValuationNextensa/SA 향후 성장Future 기준 점검 2/6Nextensa/SA (는) 각각 연간 5.1% 및 12.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 29.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 4.5% 로 예상됩니다.핵심 정보5.1%이익 성장률29.22%EPS 성장률REITs 이익 성장11.5%매출 성장률12.1%향후 자기자본이익률4.50%애널리스트 커버리지Low마지막 업데이트18 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • May 21+ 1 more updateNextensa NV/SA to Report Q3, 2026 Results on Nov 18, 2026Nextensa NV/SA announced that they will report Q3, 2026 results on Nov 18, 2026공시 • May 20Nextensa NV/SA Approves Gross Dividend, Payable on May 21, 2026Nextensa NV/SA at its annual general meeting held on 18 May 2026, approved to distribute a gross dividend of EUR 1.00 per share. After deduction of the withholding tax, the net dividend amounts to EUR 0.70 per share. The shares will be traded ex-coupon as from May 19, 2026. The record date is set for May 20, 2026. The dividend will be payable on May 21, 2026.공시 • Feb 12Nextensa Nv/Sa Proposes to Distribute A Dividend PaymentNextensa NV/SA proposed to the ordinary general meeting of shareholders to distribute a dividend of €1.00 per share.공시 • Aug 29An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million.An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million on August 28, 2025. A cash consideration valued at €66.3 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Retail Estates N.V. An undisclosed buyer completed the acquisition of 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) on August 28, 2025.공시 • Apr 04Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million.Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million on April 2, 2025. A cash consideration of €62.5 million will be paid by Nextensa NV/SA. As part of consideration, €62.5 million is paid towards assets of Two office Towers of Proximus PLC.공시 • Feb 14+ 1 more updateWereldhave N.V. (ENXTAM:WHA) acquired Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million.Wereldhave N.V. (ENXTAM:WHA) reached an agreement to acquire Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million on February 13, 2025. The consideration consists of issue of 2,206,838 new ordinary Wereldhave shares and €28 million in cash. In a separate transaction, Wereldhave Belgium (ENXTBR:WEHB) reached an agreement to acquire Knauf Shopping Center in Pommerloch from Nextensa NV/SA (ENXTBR:NEXTA). The total purchase price for the two centers amounts to €167 million. The cash consideration of €28 million will be financed from existing credit facilities. Wereldhave N.V. (ENXTAM:WHA) completed the acquisition of Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) on February 13, 2025.Reported Earnings • Aug 19First half 2024 earnings released: EPS: €1.39 (vs €1.71 in 1H 2023)First half 2024 results: EPS: €1.39 (down from €1.71 in 1H 2023). Revenue: €65.1m (up 7.4% from 1H 2023). Net income: €14.1m (down 18% from 1H 2023). Profit margin: 22% (down from 28% in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €41.05. The fair value is estimated to be €51.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 29% per annum over the same time period.공시 • May 22+ 1 more updateNextensa NV/SA to Report Fiscal Year 2024 Final Results on Mar 28, 2025Nextensa NV/SA announced that they will report fiscal year 2024 final results on Mar 28, 2025Upcoming Dividend • May 16Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 27 May 2024. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.0%).Declared Dividend • Mar 04Dividend of €1.05 announcedShareholders will receive a dividend of €1.05. Ex-date: 23rd May 2024 Payment date: 27th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 5.4%.공시 • Feb 22+ 1 more updateNextensa NV/SA to Report Q3, 2024 Results on Nov 14, 2024Nextensa NV/SA announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Feb 22Full year 2023 earnings releasedFull year 2023 results: Revenue: €111.2m (down 33% from FY 2022). Net income: €24.5m (down 66% from FY 2022). Profit margin: 22% (down from 43% in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, while revenues in the REITs industry in Europe are expected to remain flat.공시 • Oct 27Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA).Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.Luxembourg completed the acquisition of Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.공시 • Aug 23Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria.Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria on August 22, 2023.Nextensa NV/SA (ENXTBR:NEXTA) complete the acquisition of Montoyer 24 from Fedustria on August 22, 2023.Reported Earnings • Aug 20First half 2023 earnings released: EPS: €1.71 (vs €3.08 in 1H 2022)First half 2023 results: EPS: €1.71 (down from €3.08 in 1H 2022). Revenue: €60.6m (down 8.2% from 1H 2022). Net income: €17.1m (down 44% from 1H 2022). Profit margin: 28% (down from 47% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122%공시 • Aug 18+ 1 more updateNextensa NV/SA, Annual General Meeting, May 21, 2024Nextensa NV/SA, Annual General Meeting, May 21, 2024.Board Change • May 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director of Leasinvest Real Estate Management SA Sigrid Hermans was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • May 16Nextensa NV/SA to Report Fiscal Year 2023 Results on Mar 29, 2024Nextensa NV/SA announced that they will report fiscal year 2023 results on Mar 29, 2024Upcoming Dividend • May 11Upcoming dividend of €1.82 per share at 5.5% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.2%).Reported Earnings • Feb 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €148.5m (up 60% from FY 2021). Net income: €71.3m (up 34% from FY 2021). Profit margin: 48% (down from 57% in FY 2021). The decrease in margin was driven by higher expenses.공시 • Feb 16+ 5 more updatesNextensa to Report Fiscal Year 2023 Results on Feb 14, 2024Nextensa announced that they will report fiscal year 2023 results on Feb 14, 2024Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter 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.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to €52.20, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 7x in the REITs industry in Europe. Total loss to shareholders of 51% over the past three years.Reported Earnings • Aug 19First half 2022 earnings released: EPS: €3.08 (vs €4.72 in 1H 2021)First half 2022 results: EPS: €3.08. Revenue: €57.4m (up 94% from 1H 2021). Net income: €30.8m (up 10.0% from 1H 2021). Profit margin: 54% (down from 95% in 1H 2021).Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to €60.30, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 32% over the past three years.Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter 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.Upcoming Dividend • May 12Upcoming dividend of €1.75 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 24 May 2022. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.4%).Reported Earnings • Apr 06Full year 2021 earnings released: EPS: €6.85 (vs €1.30 in FY 2020)Full year 2021 results: EPS: €6.85 (up from €1.30 in FY 2020). Revenue: €93.0m (up 79% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 57% (up from 15% in FY 2020). Net asset value (NAV) per share: €79.03 (down 3.9% from FY 2020). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 22Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €55.9m (down 6.5% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 95% (up from 13% in FY 2020). Revenue was in line with analyst estimates.Reported Earnings • Aug 23First half 2021 earnings released: EPS €4.72 (vs €5.18 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €29.6m (up 5.2% from 1H 2020). Net income: €28.0m (up €58.7m from 1H 2020). Profit margin: 95% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 13Upcoming dividend of €3.68 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 6.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.6%).Reported Earnings • Apr 07Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% 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.Reported Earnings • Feb 14Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% 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.Is New 90 Day High Low • Feb 14New 90-day low: €73.40The company is down 5.0% from its price of €77.60 on 16 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 8.0% over the same period.Analyst Estimate Surprise Post Earnings • Feb 14Revenue misses expectationsRevenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 14%, compared to a 60% growth forecast for the REITs industry in Germany.Is New 90 Day High Low • Oct 12New 90-day low: €77.20The company is down 11% from its price of €86.80 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €147 per share.이익 및 매출 성장 예측DB:L3R - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202813539-148-80112/31/202716933-177-109212/31/20267334-4722112/31/202511833-82-81N/A9/30/202511514-91-90N/A6/30/2025111-5-99-99N/A3/31/2025118-8-48-48N/A12/31/2024125-1123N/A9/30/2024125524N/A6/30/20241252125N/A3/31/20241222336N/A12/31/20231202436N/A9/30/202314041N/AN/AN/A6/30/20231595823N/A3/31/2023162642123N/A12/31/2022165714143N/A9/30/202214764N/AN/AN/A6/30/2022129569398N/A3/31/2022109558992N/A12/31/202190538487N/A9/30/202171607072N/A6/30/202152665657N/A3/31/202152375556N/A12/31/20205285455N/A9/30/202056-1N/AN/AN/A6/30/202060-65252N/A3/31/202062224949N/A12/31/201963504545N/A9/30/20196151N/AN/AN/A6/30/20195844N/A49N/A3/31/20195641N/A43N/A12/31/20185438N/A37N/A9/30/20185443N/AN/AN/A6/30/20185452N/A24N/A3/31/20185450N/A33N/A12/31/20175448N/A41N/A9/30/20175439N/A39N/A6/30/20175430N/A36N/A3/31/20175430N/A36N/A12/31/20165429N/A35N/A9/30/20165331N/A48N/A6/30/20165132N/A60N/A3/31/20165031N/A58N/A12/31/20154831N/A56N/A9/30/20154932N/A47N/A6/30/20154933N/A37N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: L3R 의 연간 예상 수익 증가율(5.1%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: L3R 의 연간 수익(5.1%)이 German 시장(17.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: L3R 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: L3R 의 수익(연간 12.1%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: L3R 의 수익(연간 12.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: L3R의 자본 수익률은 3년 후 4.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 01:55종가2026/05/26 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 소스Nextensa NV/SA는 4명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Joël GorseléDegroof PetercamMarc ZwartsenburgING Groep NVLynn HautekeeteKBC Securities NV1명의 분석가 더 보기
공시 • May 21+ 1 more updateNextensa NV/SA to Report Q3, 2026 Results on Nov 18, 2026Nextensa NV/SA announced that they will report Q3, 2026 results on Nov 18, 2026
공시 • May 20Nextensa NV/SA Approves Gross Dividend, Payable on May 21, 2026Nextensa NV/SA at its annual general meeting held on 18 May 2026, approved to distribute a gross dividend of EUR 1.00 per share. After deduction of the withholding tax, the net dividend amounts to EUR 0.70 per share. The shares will be traded ex-coupon as from May 19, 2026. The record date is set for May 20, 2026. The dividend will be payable on May 21, 2026.
공시 • Feb 12Nextensa Nv/Sa Proposes to Distribute A Dividend PaymentNextensa NV/SA proposed to the ordinary general meeting of shareholders to distribute a dividend of €1.00 per share.
공시 • Aug 29An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million.An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million on August 28, 2025. A cash consideration valued at €66.3 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Retail Estates N.V. An undisclosed buyer completed the acquisition of 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) on August 28, 2025.
공시 • Apr 04Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million.Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million on April 2, 2025. A cash consideration of €62.5 million will be paid by Nextensa NV/SA. As part of consideration, €62.5 million is paid towards assets of Two office Towers of Proximus PLC.
공시 • Feb 14+ 1 more updateWereldhave N.V. (ENXTAM:WHA) acquired Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million.Wereldhave N.V. (ENXTAM:WHA) reached an agreement to acquire Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million on February 13, 2025. The consideration consists of issue of 2,206,838 new ordinary Wereldhave shares and €28 million in cash. In a separate transaction, Wereldhave Belgium (ENXTBR:WEHB) reached an agreement to acquire Knauf Shopping Center in Pommerloch from Nextensa NV/SA (ENXTBR:NEXTA). The total purchase price for the two centers amounts to €167 million. The cash consideration of €28 million will be financed from existing credit facilities. Wereldhave N.V. (ENXTAM:WHA) completed the acquisition of Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) on February 13, 2025.
Reported Earnings • Aug 19First half 2024 earnings released: EPS: €1.39 (vs €1.71 in 1H 2023)First half 2024 results: EPS: €1.39 (down from €1.71 in 1H 2023). Revenue: €65.1m (up 7.4% from 1H 2023). Net income: €14.1m (down 18% from 1H 2023). Profit margin: 22% (down from 28% in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €41.05. The fair value is estimated to be €51.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 29% per annum over the same time period.
공시 • May 22+ 1 more updateNextensa NV/SA to Report Fiscal Year 2024 Final Results on Mar 28, 2025Nextensa NV/SA announced that they will report fiscal year 2024 final results on Mar 28, 2025
Upcoming Dividend • May 16Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 27 May 2024. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.0%).
Declared Dividend • Mar 04Dividend of €1.05 announcedShareholders will receive a dividend of €1.05. Ex-date: 23rd May 2024 Payment date: 27th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 5.4%.
공시 • Feb 22+ 1 more updateNextensa NV/SA to Report Q3, 2024 Results on Nov 14, 2024Nextensa NV/SA announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Feb 22Full year 2023 earnings releasedFull year 2023 results: Revenue: €111.2m (down 33% from FY 2022). Net income: €24.5m (down 66% from FY 2022). Profit margin: 22% (down from 43% in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, while revenues in the REITs industry in Europe are expected to remain flat.
공시 • Oct 27Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA).Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.Luxembourg completed the acquisition of Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.
공시 • Aug 23Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria.Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria on August 22, 2023.Nextensa NV/SA (ENXTBR:NEXTA) complete the acquisition of Montoyer 24 from Fedustria on August 22, 2023.
Reported Earnings • Aug 20First half 2023 earnings released: EPS: €1.71 (vs €3.08 in 1H 2022)First half 2023 results: EPS: €1.71 (down from €3.08 in 1H 2022). Revenue: €60.6m (down 8.2% from 1H 2022). Net income: €17.1m (down 44% from 1H 2022). Profit margin: 28% (down from 47% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122%
공시 • Aug 18+ 1 more updateNextensa NV/SA, Annual General Meeting, May 21, 2024Nextensa NV/SA, Annual General Meeting, May 21, 2024.
Board Change • May 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director of Leasinvest Real Estate Management SA Sigrid Hermans was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • May 16Nextensa NV/SA to Report Fiscal Year 2023 Results on Mar 29, 2024Nextensa NV/SA announced that they will report fiscal year 2023 results on Mar 29, 2024
Upcoming Dividend • May 11Upcoming dividend of €1.82 per share at 5.5% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.2%).
Reported Earnings • Feb 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €148.5m (up 60% from FY 2021). Net income: €71.3m (up 34% from FY 2021). Profit margin: 48% (down from 57% in FY 2021). The decrease in margin was driven by higher expenses.
공시 • Feb 16+ 5 more updatesNextensa to Report Fiscal Year 2023 Results on Feb 14, 2024Nextensa announced that they will report fiscal year 2023 results on Feb 14, 2024
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter 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.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to €52.20, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 7x in the REITs industry in Europe. Total loss to shareholders of 51% over the past three years.
Reported Earnings • Aug 19First half 2022 earnings released: EPS: €3.08 (vs €4.72 in 1H 2021)First half 2022 results: EPS: €3.08. Revenue: €57.4m (up 94% from 1H 2021). Net income: €30.8m (up 10.0% from 1H 2021). Profit margin: 54% (down from 95% in 1H 2021).
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to €60.30, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 32% over the past three years.
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter 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.
Upcoming Dividend • May 12Upcoming dividend of €1.75 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 24 May 2022. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.4%).
Reported Earnings • Apr 06Full year 2021 earnings released: EPS: €6.85 (vs €1.30 in FY 2020)Full year 2021 results: EPS: €6.85 (up from €1.30 in FY 2020). Revenue: €93.0m (up 79% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 57% (up from 15% in FY 2020). Net asset value (NAV) per share: €79.03 (down 3.9% from FY 2020). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 22Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €55.9m (down 6.5% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 95% (up from 13% in FY 2020). Revenue was in line with analyst estimates.
Reported Earnings • Aug 23First half 2021 earnings released: EPS €4.72 (vs €5.18 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €29.6m (up 5.2% from 1H 2020). Net income: €28.0m (up €58.7m from 1H 2020). Profit margin: 95% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 13Upcoming dividend of €3.68 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 6.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.6%).
Reported Earnings • Apr 07Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% 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.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% 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.
Is New 90 Day High Low • Feb 14New 90-day low: €73.40The company is down 5.0% from its price of €77.60 on 16 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 8.0% over the same period.
Analyst Estimate Surprise Post Earnings • Feb 14Revenue misses expectationsRevenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 14%, compared to a 60% growth forecast for the REITs industry in Germany.
Is New 90 Day High Low • Oct 12New 90-day low: €77.20The company is down 11% from its price of €86.80 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €147 per share.