View ValuationInmobiliaria del Sur 향후 성장Future 기준 점검 2/6Inmobiliaria del Sur (는) 각각 연간 11.3% 및 8.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 2.4% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.7% 로 예상됩니다.핵심 정보11.3%이익 성장률-2.42%EPS 성장률Real Estate 이익 성장5.1%매출 성장률8.7%향후 자기자본이익률8.66%애널리스트 커버리지Low마지막 업데이트27 Jul 2026최근 향후 성장 업데이트Price Target Changed • Jun 28Price target increased by 11% to €10.42Up from €9.43, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €8.25. Stock is up 15% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.61 last year.Major Estimate Revision • Oct 12Consensus EPS estimates increase by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €141.3m to €144.3m. EPS estimate increased from €0.47 to €0.645 per share. Net income forecast to grow 22% next year vs 9.7% decline forecast for Real Estate industry in Spain. Consensus price target up from €11.20 to €12.00. Share price was steady at €7.00 over the past week.Price Target Changed • Jul 13Price target increased by 9.5% to €11.20Up from €10.23, the current price target is provided by 1 analyst. New target price is 57% above last closing price of €7.15. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.81 last year.Price Target Changed • Dec 16Price target decreased to €10.23Down from €11.50, the current price target is an average from 2 analysts. New target price is 35% above last closing price of €7.60. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.68 last year.Price Target Changed • Apr 27Price target decreased to €12.15Down from €16.00, the current price target is provided by 1 analyst. New target price is 52% above last closing price of €8.00. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of €0.80 for next year compared to €0.68 last year.모든 업데이트 보기Recent updatesUpcoming Dividend • Jun 22Upcoming dividend of €0.32 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Spanish dividend payers (5.0%). Lower than average of industry peers (10%).Reported Earnings • May 11First quarter 2026 earnings released: EPS: €0.21 (vs €0.25 in 1Q 2025)First quarter 2026 results: EPS: €0.21 (down from €0.25 in 1Q 2025). Revenue: €22.8m (down 43% from 1Q 2025). Net income: €3.90m (down 17% from 1Q 2025). Profit margin: 17% (up from 12% in 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Declared Dividend • Apr 22Final dividend of €0.32 announcedShareholders will receive a dividend of €0.32. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 3.6%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.New Risk • Apr 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results.New Risk • Apr 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% 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 (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change).공고 • Mar 11Inmobiliaria del Sur, S.A., Annual General Meeting, Apr 15, 2026Inmobiliaria del Sur, S.A., Annual General Meeting, Apr 15, 2026. Location: hotel nh collection sevilla, avenida diego martinez barrio 8., sevilla SpainNew Risk • Feb 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change). Large one-off items impacting financial results.분석 기사 • Feb 11Inmobiliaria del Sur, S.A.'s (BME:ISUR) Share Price Boosted 26% But Its Business Prospects Need A Lift TooDespite an already strong run, Inmobiliaria del Sur, S.A. ( BME:ISUR ) shares have been powering on, with a gain of 26...Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €18.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Real Estate industry in Spain. Total returns to shareholders of 176% over the past three years.Declared Dividend • Jan 02Dividend of €0.28 announcedShareholders will receive a dividend of €0.28. Ex-date: 13th January 2026 Payment date: 15th January 2026 Dividend yield will be 3.5%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.공고 • Nov 25Inmobiliaria del Sur, S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026Inmobiliaria del Sur, S.A. announced that they will report fiscal year 2025 results on Feb 26, 2026Reported Earnings • Nov 04Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.33. Revenue: €56.9m (up 92% from 3Q 2024). Net income: €6.00m (up €5.16m from 3Q 2024). Profit margin: 11% (up from 2.8% in 3Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 01First half 2025 earnings released: EPS: €0.04 (vs €0.52 in 1H 2024)First half 2025 results: EPS: €0.04 (down from €0.52 in 1H 2024). Revenue: €5.40m (down 91% from 1H 2024). Net income: €794.0k (down 92% from 1H 2024). Profit margin: 15% (down from 17% in 1H 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 20Upcoming dividend of €0.23 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Spanish dividend payers (4.9%). Lower than average of industry peers (6.0%).Buy Or Sell Opportunity • May 27Now 21% undervaluedOver the last 90 days, the stock has risen 13% to €11.20. The fair value is estimated to be €14.23, 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, while earnings per share has been flat.Buy Or Sell Opportunity • May 12Now 20% undervaluedOver the last 90 days, the stock has risen 18% to €11.30. The fair value is estimated to be €14.21, 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, while earnings per share has been flat.Declared Dividend • Apr 14Final dividend of €0.23 announcedShareholders will receive a dividend of €0.23. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 4.2%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.분석 기사 • Mar 06Inmobiliaria del Sur's (BME:ISUR) Earnings Are Weaker Than They SeemUnsurprisingly, Inmobiliaria del Sur, S.A.'s ( BME:ISUR ) stock price was strong on the back of its healthy earnings...Reported Earnings • Mar 04Full year 2024 earnings released: EPS: €1.12 (vs €0.61 in FY 2023)Full year 2024 results: EPS: €1.12 (up from €0.61 in FY 2023). Revenue: €165.3m (up 16% from FY 2023). Net income: €20.6m (up 82% from FY 2023). Profit margin: 13% (up from 7.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.공고 • Feb 27Inmobiliaria del Sur, S.A., Annual General Meeting, Apr 09, 2025Inmobiliaria del Sur, S.A., Annual General Meeting, Apr 09, 2025. Location: hotel nh collection sevilla, avenida diego martinez barrio 8, sevilla SpainNew Risk • Jan 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.5% average weekly change). Large one-off items impacting financial results.Declared Dividend • Jan 02Dividend of €0.22 announcedShareholders will receive a dividend of €0.22. Ex-date: 9th January 2025 Payment date: 31st January 2025 Dividend yield will be 3.8%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover.New Risk • Nov 28New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€826m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.05x net interest cover). Negative equity (-€826m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Nov 06New major risk - Revenue and earnings growthEarnings have declined by 1.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Nov 03Third quarter 2024 earnings released: €0.52 loss per share (vs €0.12 profit in 3Q 2023)Third quarter 2024 results: €0.52 loss per share (down from €0.12 profit in 3Q 2023). Net loss: €9.65m (down €11.8m from profit in 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Spain are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.공고 • Oct 01Inmobiliaria del Sur, S.A. to Report Q3, 2024 Results on Oct 30, 2024Inmobiliaria del Sur, S.A. announced that they will report Q3, 2024 results on Oct 30, 2024공고 • Jul 24Inmobiliaria del Sur, S.A. to Report Q2, 2024 Results on Jul 30, 2024Inmobiliaria del Sur, S.A. announced that they will report Q2, 2024 results on Jul 30, 2024Price Target Changed • Jun 28Price target increased by 11% to €10.42Up from €9.43, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €8.25. Stock is up 15% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.61 last year.New Risk • May 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 20% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.9% net profit margin).분석 기사 • Apr 29Inmobiliaria del Sur's (BME:ISUR) Dividend Will Be €0.1215Inmobiliaria del Sur, S.A.'s ( BME:ISUR ) investors are due to receive a payment of €0.1215 per share on 1st of July...분석 기사 • Apr 15Inmobiliaria del Sur (BME:ISUR) Is Due To Pay A Dividend Of €0.1215Inmobiliaria del Sur, S.A. ( BME:ISUR ) has announced that it will pay a dividend of €0.1215 per share on the 1st of...Declared Dividend • Apr 15Final dividend of €0.12 announcedShareholders will receive a dividend of €0.12. Ex-date: 27th June 2024 Payment date: 1st July 2024 Dividend yield will be 3.3%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 87% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 05Full year 2023 earnings released: EPS: €0.61 (vs €0.81 in FY 2022)Full year 2023 results: EPS: €0.61 (down from €0.81 in FY 2022). Revenue: €142.8m (up 20% from FY 2022). Net income: €11.3m (down 25% from FY 2022). Profit margin: 7.9% (down from 13% in FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Europe are expected to remain flat. 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 4% per year, which means it has not declined as severely as earnings.New Risk • Feb 29New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin).공고 • Feb 20Inmobiliaria del Sur, S.A. to Report Fiscal Year 2023 Results on Feb 29, 2024Inmobiliaria del Sur, S.A. announced that they will report fiscal year 2023 results After-Market on Feb 29, 2024분석 기사 • Jan 04Inmobiliaria del Sur's (BME:ISUR) Dividend Is Being Reduced To €0.1134Inmobiliaria del Sur, S.A. ( BME:ISUR ) has announced that on 15th of January, it will be paying a dividend of€0.1134...New Risk • Oct 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin).Major Estimate Revision • Oct 12Consensus EPS estimates increase by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €141.3m to €144.3m. EPS estimate increased from €0.47 to €0.645 per share. Net income forecast to grow 22% next year vs 9.7% decline forecast for Real Estate industry in Spain. Consensus price target up from €11.20 to €12.00. Share price was steady at €7.00 over the past week.Reported Earnings • Aug 02First half 2023 earnings released: EPS: €0.38 (vs €0.62 in 1H 2022)First half 2023 results: EPS: €0.38 (down from €0.62 in 1H 2022). Revenue: €50.7m (up 26% from 1H 2022). Net income: €7.04m (down 39% from 1H 2022). Profit margin: 14% (down from 28% in 1H 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.New Risk • Jul 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.2% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin).Price Target Changed • Jul 13Price target increased by 9.5% to €11.20Up from €10.23, the current price target is provided by 1 analyst. New target price is 57% above last closing price of €7.15. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.81 last year.Upcoming Dividend • Jun 22Upcoming dividend of €0.14 per share at 4.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Spanish dividend payers (6.0%). Lower than average of industry peers (6.3%).Reported Earnings • Mar 03Full year 2022 earnings released: EPS: €0.81 (vs €0.68 in FY 2021)Full year 2022 results: EPS: €0.81 (up from €0.68 in FY 2021). Revenue: €119.1m (up 4.5% from FY 2021). Net income: €15.0m (up 25% from FY 2021). Profit margin: 13% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jan 05Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 12 January 2023. Payment date: 16 January 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Spanish dividend payers (5.8%). Higher than average of industry peers (3.7%).Price Target Changed • Dec 16Price target decreased to €10.23Down from €11.50, the current price target is an average from 2 analysts. New target price is 35% above last closing price of €7.60. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.68 last year.Reported Earnings • Jul 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €3.03m from profit in 1H 2021). Profit margin: (down from 4.9% in 1H 2021). Over the next year, revenue is forecast to grow 49%, compared to a 14% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 22Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Spanish dividend payers (5.7%). Higher than average of industry peers (2.7%).공고 • Jun 10Inmobiliaria del Sur, S.A. (BME:ISUR) acquired Desarrollos Metropolitanos Del Sur S.L.Inmobiliaria del Sur, S.A. (BME:ISUR) acquired Desarrollos Metropolitanos Del Sur S.L. on June 8, 2022. Inmobiliaria del Sur, S.A. (BME:ISUR) completed the acquisition of Desarrollos Metropolitanos Del Sur S.L. on June 8, 2022.Price Target Changed • Apr 27Price target decreased to €12.15Down from €16.00, the current price target is provided by 1 analyst. New target price is 52% above last closing price of €8.00. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of €0.80 for next year compared to €0.68 last year.Reported Earnings • Feb 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: €0.68 (down from €1.26 in FY 2020). Revenue: €114.0m (up 11% from FY 2020). Net income: €12.0m (down 43% from FY 2020). Profit margin: 11% (down from 21% in FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 2.4%, compared to a 8.6% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jan 06Upcoming dividend of €0.11 per shareEligible shareholders must have bought the stock before 13 January 2022. Payment date: 17 January 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Spanish dividend payers (5.3%). Higher than average of industry peers (3.5%).분석 기사 • Jan 02Inmobiliaria del Sur's (BME:ISUR) Dividend Is Being Reduced To €0.11Inmobiliaria del Sur, S.A.'s ( BME:ISUR ) dividend is being reduced to €0.11 on the 17th of January. This means that...분석 기사 • Sep 23If You Like EPS Growth Then Check Out Inmobiliaria del Sur (BME:ISUR) Before It's Too LateSome have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to €8.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Real Estate industry in Europe. Total loss to shareholders of 21% over the past three years.Reported Earnings • Aug 01Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €28.4m (up 15% from 2Q 2020). Net loss: €205.0k (down 123% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.분석 기사 • May 23Is There Now An Opportunity In Inmobiliaria del Sur, S.A. (BME:ISUR)?Inmobiliaria del Sur, S.A. ( BME:ISUR ), is not the largest company out there, but it saw a double-digit share price...Upcoming Dividend • May 19Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 28 May 2021. Trailing yield: 4.5%. Lower than top quartile of Spanish dividend payers (5.1%). Higher than average of industry peers (3.0%).Reported Earnings • May 04First quarter 2021 earnings releasedThe company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: €33.4m (up 106% from 1Q 2020). Net income: €3.23m (up 97% from 1Q 2020). Profit margin: 9.7% (in line with 1Q 2020).분석 기사 • Apr 01If You Like EPS Growth Then Check Out Inmobiliaria del Sur (BME:ISUR) Before It's Too LateLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...분석 기사 • Mar 17We Think Inmobiliaria del Sur (BME:ISUR) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Mar 03Is Inmobiliaria del Sur, S.A. (BME:ISUR) A Great Dividend Stock?Dividend paying stocks like Inmobiliaria del Sur, S.A. ( BME:ISUR ) tend to be popular with investors, and for good...분석 기사 • Feb 13Reflecting on Inmobiliaria del Sur's (BME:ISUR) Share Price Returns Over The Last Three YearsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But if you...분석 기사 • Jan 26Here's What Inmobiliaria del Sur, S.A.'s (BME:ISUR) Shareholder Ownership Structure Looks LikeA look at the shareholders of Inmobiliaria del Sur, S.A. ( BME:ISUR ) can tell us which group is most powerful...분석 기사 • Jan 08Interested In Inmobiliaria del Sur's (BME:ISUR) Upcoming €0.16 Dividend? You Have Four Days LeftInmobiliaria del Sur, S.A. ( BME:ISUR ) stock is about to trade ex-dividend in four days. Investors can purchase shares...분석 기사 • Dec 30What Is Inmobiliaria del Sur, S.A.'s (BME:ISUR) Share Price Doing?Inmobiliaria del Sur, S.A. ( BME:ISUR ), is not the largest company out there, but it led the BME gainers with a...분석 기사 • Dec 12These 4 Measures Indicate That Inmobiliaria del Sur (BME:ISUR) Is Using Debt ExtensivelyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Dec 07New 90-day high: €8.06The company is up 16% from its price of €6.96 on 08 September 2020. The Spanish market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 11% over the same period.분석 기사 • Nov 25Does Inmobiliaria del Sur, S.A. (BME:ISUR) Have A Place In Your Dividend Portfolio?Dividend paying stocks like Inmobiliaria del Sur, S.A. (BME:ISUR) tend to be popular with investors, and for good...Is New 90 Day High Low • Oct 27New 90-day low: €6.30The company is down 9.0% from its price of €6.90 on 29 July 2020. The Spanish market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 3.0% over the same period.이익 및 매출 성장 예측BME:ISUR - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282804041N/A212/31/202718122-23N/A212/31/202614918-14N/A23/31/202623142N/AN/AN/A12/31/2025247394141N/A9/30/202521630N/AN/AN/A6/30/2025187251414N/A3/31/202517424N/AN/AN/A12/31/2024165252021N/A9/30/202414416N/AN/AN/A6/30/202415191715N/A3/31/2024147101716N/A12/31/2023143111616N/A9/30/20231278N/AN/AN/A6/30/202313011710N/A3/31/20231241345N/A12/31/20221191500N/A9/30/202211920N/AN/AN/A6/30/2022922064N/A3/31/202210115N/AN/AN/A12/31/2021114122126N/A9/30/202111115N/AN/AN/A6/30/2021124222229N/A3/31/202112023N/AN/AN/A12/31/202010321611N/A9/30/202011222N/AN/AN/A6/30/2020110918N/A3/31/20201199N/AN/AN/A12/31/20191279N/A9N/A9/30/20191254N/AN/AN/A6/30/201913210N/A18N/A3/31/201913711N/AN/AN/A12/31/201812910N/A13N/A9/30/20181196N/AN/AN/A6/30/20181003N/A-3N/A3/31/2018893N/AN/AN/A12/31/2017944N/A18N/A9/30/2017887N/AN/AN/A6/30/2017807N/A13N/A3/31/2017613N/AN/AN/A12/31/2016614N/A-5N/A9/30/2016605N/AN/AN/A6/30/2016635N/A5N/A3/31/2016748N/AN/AN/A12/31/2015586N/A12N/A9/30/2015705N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: ISUR 의 연간 예상 수익 증가율(11.3%)이 saving rate(2.7%)보다 높습니다.수익 vs 시장: ISUR 의 연간 수익(11.3%)이 Spanish 시장(11.9%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: ISUR 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: ISUR 의 수익(연간 8.7%)이 Spanish 시장(연간 6.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: ISUR 의 수익(연간 8.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: ISUR의 자본 수익률은 3년 후 8.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate-management-and-development 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/31 07:48종가2026/07/31 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Inmobiliaria del Sur, S.A.는 4명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ignacio RomeroBanco de Sabadell. S.A.Teresa Diez-Canedo BarreroBestinver Sociedad De Valores, S.ARafael Fernández de Heredia CalderónGVC Gaesco Valores1명의 분석가 더 보기
Price Target Changed • Jun 28Price target increased by 11% to €10.42Up from €9.43, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €8.25. Stock is up 15% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.61 last year.
Major Estimate Revision • Oct 12Consensus EPS estimates increase by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €141.3m to €144.3m. EPS estimate increased from €0.47 to €0.645 per share. Net income forecast to grow 22% next year vs 9.7% decline forecast for Real Estate industry in Spain. Consensus price target up from €11.20 to €12.00. Share price was steady at €7.00 over the past week.
Price Target Changed • Jul 13Price target increased by 9.5% to €11.20Up from €10.23, the current price target is provided by 1 analyst. New target price is 57% above last closing price of €7.15. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.81 last year.
Price Target Changed • Dec 16Price target decreased to €10.23Down from €11.50, the current price target is an average from 2 analysts. New target price is 35% above last closing price of €7.60. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.68 last year.
Price Target Changed • Apr 27Price target decreased to €12.15Down from €16.00, the current price target is provided by 1 analyst. New target price is 52% above last closing price of €8.00. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of €0.80 for next year compared to €0.68 last year.
Upcoming Dividend • Jun 22Upcoming dividend of €0.32 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Spanish dividend payers (5.0%). Lower than average of industry peers (10%).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: €0.21 (vs €0.25 in 1Q 2025)First quarter 2026 results: EPS: €0.21 (down from €0.25 in 1Q 2025). Revenue: €22.8m (down 43% from 1Q 2025). Net income: €3.90m (down 17% from 1Q 2025). Profit margin: 17% (up from 12% in 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Apr 22Final dividend of €0.32 announcedShareholders will receive a dividend of €0.32. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 3.6%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.
New Risk • Apr 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results.
New Risk • Apr 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% 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 (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change).
공고 • Mar 11Inmobiliaria del Sur, S.A., Annual General Meeting, Apr 15, 2026Inmobiliaria del Sur, S.A., Annual General Meeting, Apr 15, 2026. Location: hotel nh collection sevilla, avenida diego martinez barrio 8., sevilla Spain
New Risk • Feb 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change). Large one-off items impacting financial results.
분석 기사 • Feb 11Inmobiliaria del Sur, S.A.'s (BME:ISUR) Share Price Boosted 26% But Its Business Prospects Need A Lift TooDespite an already strong run, Inmobiliaria del Sur, S.A. ( BME:ISUR ) shares have been powering on, with a gain of 26...
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €18.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Real Estate industry in Spain. Total returns to shareholders of 176% over the past three years.
Declared Dividend • Jan 02Dividend of €0.28 announcedShareholders will receive a dividend of €0.28. Ex-date: 13th January 2026 Payment date: 15th January 2026 Dividend yield will be 3.5%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.
공고 • Nov 25Inmobiliaria del Sur, S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026Inmobiliaria del Sur, S.A. announced that they will report fiscal year 2025 results on Feb 26, 2026
Reported Earnings • Nov 04Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.33. Revenue: €56.9m (up 92% from 3Q 2024). Net income: €6.00m (up €5.16m from 3Q 2024). Profit margin: 11% (up from 2.8% in 3Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 01First half 2025 earnings released: EPS: €0.04 (vs €0.52 in 1H 2024)First half 2025 results: EPS: €0.04 (down from €0.52 in 1H 2024). Revenue: €5.40m (down 91% from 1H 2024). Net income: €794.0k (down 92% from 1H 2024). Profit margin: 15% (down from 17% in 1H 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 20Upcoming dividend of €0.23 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Spanish dividend payers (4.9%). Lower than average of industry peers (6.0%).
Buy Or Sell Opportunity • May 27Now 21% undervaluedOver the last 90 days, the stock has risen 13% to €11.20. The fair value is estimated to be €14.23, 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, while earnings per share has been flat.
Buy Or Sell Opportunity • May 12Now 20% undervaluedOver the last 90 days, the stock has risen 18% to €11.30. The fair value is estimated to be €14.21, 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, while earnings per share has been flat.
Declared Dividend • Apr 14Final dividend of €0.23 announcedShareholders will receive a dividend of €0.23. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 4.2%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
분석 기사 • Mar 06Inmobiliaria del Sur's (BME:ISUR) Earnings Are Weaker Than They SeemUnsurprisingly, Inmobiliaria del Sur, S.A.'s ( BME:ISUR ) stock price was strong on the back of its healthy earnings...
Reported Earnings • Mar 04Full year 2024 earnings released: EPS: €1.12 (vs €0.61 in FY 2023)Full year 2024 results: EPS: €1.12 (up from €0.61 in FY 2023). Revenue: €165.3m (up 16% from FY 2023). Net income: €20.6m (up 82% from FY 2023). Profit margin: 13% (up from 7.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Feb 27Inmobiliaria del Sur, S.A., Annual General Meeting, Apr 09, 2025Inmobiliaria del Sur, S.A., Annual General Meeting, Apr 09, 2025. Location: hotel nh collection sevilla, avenida diego martinez barrio 8, sevilla Spain
New Risk • Jan 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.5% average weekly change). Large one-off items impacting financial results.
Declared Dividend • Jan 02Dividend of €0.22 announcedShareholders will receive a dividend of €0.22. Ex-date: 9th January 2025 Payment date: 31st January 2025 Dividend yield will be 3.8%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Nov 28New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€826m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.05x net interest cover). Negative equity (-€826m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Nov 06New major risk - Revenue and earnings growthEarnings have declined by 1.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Nov 03Third quarter 2024 earnings released: €0.52 loss per share (vs €0.12 profit in 3Q 2023)Third quarter 2024 results: €0.52 loss per share (down from €0.12 profit in 3Q 2023). Net loss: €9.65m (down €11.8m from profit in 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Spain are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
공고 • Oct 01Inmobiliaria del Sur, S.A. to Report Q3, 2024 Results on Oct 30, 2024Inmobiliaria del Sur, S.A. announced that they will report Q3, 2024 results on Oct 30, 2024
공고 • Jul 24Inmobiliaria del Sur, S.A. to Report Q2, 2024 Results on Jul 30, 2024Inmobiliaria del Sur, S.A. announced that they will report Q2, 2024 results on Jul 30, 2024
Price Target Changed • Jun 28Price target increased by 11% to €10.42Up from €9.43, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €8.25. Stock is up 15% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.61 last year.
New Risk • May 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 20% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.9% net profit margin).
분석 기사 • Apr 29Inmobiliaria del Sur's (BME:ISUR) Dividend Will Be €0.1215Inmobiliaria del Sur, S.A.'s ( BME:ISUR ) investors are due to receive a payment of €0.1215 per share on 1st of July...
분석 기사 • Apr 15Inmobiliaria del Sur (BME:ISUR) Is Due To Pay A Dividend Of €0.1215Inmobiliaria del Sur, S.A. ( BME:ISUR ) has announced that it will pay a dividend of €0.1215 per share on the 1st of...
Declared Dividend • Apr 15Final dividend of €0.12 announcedShareholders will receive a dividend of €0.12. Ex-date: 27th June 2024 Payment date: 1st July 2024 Dividend yield will be 3.3%, which is lower than the industry average of 9.3%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 87% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 05Full year 2023 earnings released: EPS: €0.61 (vs €0.81 in FY 2022)Full year 2023 results: EPS: €0.61 (down from €0.81 in FY 2022). Revenue: €142.8m (up 20% from FY 2022). Net income: €11.3m (down 25% from FY 2022). Profit margin: 7.9% (down from 13% in FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Europe are expected to remain flat. 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 4% per year, which means it has not declined as severely as earnings.
New Risk • Feb 29New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin).
공고 • Feb 20Inmobiliaria del Sur, S.A. to Report Fiscal Year 2023 Results on Feb 29, 2024Inmobiliaria del Sur, S.A. announced that they will report fiscal year 2023 results After-Market on Feb 29, 2024
분석 기사 • Jan 04Inmobiliaria del Sur's (BME:ISUR) Dividend Is Being Reduced To €0.1134Inmobiliaria del Sur, S.A. ( BME:ISUR ) has announced that on 15th of January, it will be paying a dividend of€0.1134...
New Risk • Oct 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin).
Major Estimate Revision • Oct 12Consensus EPS estimates increase by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €141.3m to €144.3m. EPS estimate increased from €0.47 to €0.645 per share. Net income forecast to grow 22% next year vs 9.7% decline forecast for Real Estate industry in Spain. Consensus price target up from €11.20 to €12.00. Share price was steady at €7.00 over the past week.
Reported Earnings • Aug 02First half 2023 earnings released: EPS: €0.38 (vs €0.62 in 1H 2022)First half 2023 results: EPS: €0.38 (down from €0.62 in 1H 2022). Revenue: €50.7m (up 26% from 1H 2022). Net income: €7.04m (down 39% from 1H 2022). Profit margin: 14% (down from 28% in 1H 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
New Risk • Jul 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.2% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin).
Price Target Changed • Jul 13Price target increased by 9.5% to €11.20Up from €10.23, the current price target is provided by 1 analyst. New target price is 57% above last closing price of €7.15. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.81 last year.
Upcoming Dividend • Jun 22Upcoming dividend of €0.14 per share at 4.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Spanish dividend payers (6.0%). Lower than average of industry peers (6.3%).
Reported Earnings • Mar 03Full year 2022 earnings released: EPS: €0.81 (vs €0.68 in FY 2021)Full year 2022 results: EPS: €0.81 (up from €0.68 in FY 2021). Revenue: €119.1m (up 4.5% from FY 2021). Net income: €15.0m (up 25% from FY 2021). Profit margin: 13% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Real Estate industry in Spain. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jan 05Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 12 January 2023. Payment date: 16 January 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Spanish dividend payers (5.8%). Higher than average of industry peers (3.7%).
Price Target Changed • Dec 16Price target decreased to €10.23Down from €11.50, the current price target is an average from 2 analysts. New target price is 35% above last closing price of €7.60. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.68 last year.
Reported Earnings • Jul 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €3.03m from profit in 1H 2021). Profit margin: (down from 4.9% in 1H 2021). Over the next year, revenue is forecast to grow 49%, compared to a 14% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 22Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Spanish dividend payers (5.7%). Higher than average of industry peers (2.7%).
공고 • Jun 10Inmobiliaria del Sur, S.A. (BME:ISUR) acquired Desarrollos Metropolitanos Del Sur S.L.Inmobiliaria del Sur, S.A. (BME:ISUR) acquired Desarrollos Metropolitanos Del Sur S.L. on June 8, 2022. Inmobiliaria del Sur, S.A. (BME:ISUR) completed the acquisition of Desarrollos Metropolitanos Del Sur S.L. on June 8, 2022.
Price Target Changed • Apr 27Price target decreased to €12.15Down from €16.00, the current price target is provided by 1 analyst. New target price is 52% above last closing price of €8.00. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of €0.80 for next year compared to €0.68 last year.
Reported Earnings • Feb 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: €0.68 (down from €1.26 in FY 2020). Revenue: €114.0m (up 11% from FY 2020). Net income: €12.0m (down 43% from FY 2020). Profit margin: 11% (down from 21% in FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 2.4%, compared to a 8.6% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jan 06Upcoming dividend of €0.11 per shareEligible shareholders must have bought the stock before 13 January 2022. Payment date: 17 January 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Spanish dividend payers (5.3%). Higher than average of industry peers (3.5%).
분석 기사 • Jan 02Inmobiliaria del Sur's (BME:ISUR) Dividend Is Being Reduced To €0.11Inmobiliaria del Sur, S.A.'s ( BME:ISUR ) dividend is being reduced to €0.11 on the 17th of January. This means that...
분석 기사 • Sep 23If You Like EPS Growth Then Check Out Inmobiliaria del Sur (BME:ISUR) Before It's Too LateSome have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to €8.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Real Estate industry in Europe. Total loss to shareholders of 21% over the past three years.
Reported Earnings • Aug 01Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €28.4m (up 15% from 2Q 2020). Net loss: €205.0k (down 123% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
분석 기사 • May 23Is There Now An Opportunity In Inmobiliaria del Sur, S.A. (BME:ISUR)?Inmobiliaria del Sur, S.A. ( BME:ISUR ), is not the largest company out there, but it saw a double-digit share price...
Upcoming Dividend • May 19Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 28 May 2021. Trailing yield: 4.5%. Lower than top quartile of Spanish dividend payers (5.1%). Higher than average of industry peers (3.0%).
Reported Earnings • May 04First quarter 2021 earnings releasedThe company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: €33.4m (up 106% from 1Q 2020). Net income: €3.23m (up 97% from 1Q 2020). Profit margin: 9.7% (in line with 1Q 2020).
분석 기사 • Apr 01If You Like EPS Growth Then Check Out Inmobiliaria del Sur (BME:ISUR) Before It's Too LateLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
분석 기사 • Mar 17We Think Inmobiliaria del Sur (BME:ISUR) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Mar 03Is Inmobiliaria del Sur, S.A. (BME:ISUR) A Great Dividend Stock?Dividend paying stocks like Inmobiliaria del Sur, S.A. ( BME:ISUR ) tend to be popular with investors, and for good...
분석 기사 • Feb 13Reflecting on Inmobiliaria del Sur's (BME:ISUR) Share Price Returns Over The Last Three YearsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But if you...
분석 기사 • Jan 26Here's What Inmobiliaria del Sur, S.A.'s (BME:ISUR) Shareholder Ownership Structure Looks LikeA look at the shareholders of Inmobiliaria del Sur, S.A. ( BME:ISUR ) can tell us which group is most powerful...
분석 기사 • Jan 08Interested In Inmobiliaria del Sur's (BME:ISUR) Upcoming €0.16 Dividend? You Have Four Days LeftInmobiliaria del Sur, S.A. ( BME:ISUR ) stock is about to trade ex-dividend in four days. Investors can purchase shares...
분석 기사 • Dec 30What Is Inmobiliaria del Sur, S.A.'s (BME:ISUR) Share Price Doing?Inmobiliaria del Sur, S.A. ( BME:ISUR ), is not the largest company out there, but it led the BME gainers with a...
분석 기사 • Dec 12These 4 Measures Indicate That Inmobiliaria del Sur (BME:ISUR) Is Using Debt ExtensivelyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Dec 07New 90-day high: €8.06The company is up 16% from its price of €6.96 on 08 September 2020. The Spanish market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 11% over the same period.
분석 기사 • Nov 25Does Inmobiliaria del Sur, S.A. (BME:ISUR) Have A Place In Your Dividend Portfolio?Dividend paying stocks like Inmobiliaria del Sur, S.A. (BME:ISUR) tend to be popular with investors, and for good...
Is New 90 Day High Low • Oct 27New 90-day low: €6.30The company is down 9.0% from its price of €6.90 on 29 July 2020. The Spanish market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 3.0% over the same period.