View ValuationFonciere Inea 향후 성장Future 기준 점검 3/6Fonciere Inea 의 수익은 연간 1.6% 감소할 것으로 예상되는 반면, 연간 수익은 38.8% 로 증가할 것으로 예상됩니다. EPS는 연간 38.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.9% 로 예상됩니다.핵심 정보38.8%이익 성장률38.77%EPS 성장률Office REITs 이익 성장16.2%매출 성장률-1.6%향후 자기자본이익률7.85%애널리스트 커버리지Low마지막 업데이트15 Apr 2026최근 향후 성장 업데이트Major Estimate Revision • Oct 15Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €87.2m to €76.4m. EPS estimate fell from €2.81 to €2.45 per share. Net income forecast to grow 535% next year vs 64% growth forecast for Office REITs industry in France. Consensus price target down from €38.50 to €36.00. Share price rose 5.9% to €32.30 over the past week.Price Target Changed • Jun 04Price target decreased by 7.9% to €35.00Down from €38.00, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of €37.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.10 next year compared to a net loss per share of €0.28 last year.모든 업데이트 보기Recent updatesUpcoming Dividend • May 19Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 26 May 2026. Payment date: 28 May 2026. Trailing yield: 7.6%. Within top quartile of French dividend payers (5.5%). Higher than average of industry peers (6.1%).Reported Earnings • Apr 06Full year 2025 earnings released: EPS: €0.45 (vs €0.28 loss in FY 2024)Full year 2025 results: EPS: €0.45 (up from €0.28 loss in FY 2024). Revenue: €83.8m (up 5.0% from FY 2024). Net income: €4.87m (up €7.89m from FY 2024). Profit margin: 5.8% (up from net loss in FY 2024). Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.공시 • Apr 04Fonciere Inea S.A., Annual General Meeting, May 20, 2026Fonciere Inea S.A., Annual General Meeting, May 20, 2026.New Risk • Feb 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results.Major Estimate Revision • Oct 15Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €87.2m to €76.4m. EPS estimate fell from €2.81 to €2.45 per share. Net income forecast to grow 535% next year vs 64% growth forecast for Office REITs industry in France. Consensus price target down from €38.50 to €36.00. Share price rose 5.9% to €32.30 over the past week.Buy Or Sell Opportunity • Oct 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €30.20. The fair value is estimated to be €39.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 750% in the next 2 years.Buy Or Sell Opportunity • Sep 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.2% to €32.60. The fair value is estimated to be €40.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 750% in the next 2 years.Reported Earnings • Jul 28First half 2025 earnings released: EPS: €0.20 (vs €0.54 loss in 1H 2024)First half 2025 results: EPS: €0.20 (up from €0.54 loss in 1H 2024). Revenue: €41.9m (up 7.6% from 1H 2024). Net income: €2.21m (up €8.03m from 1H 2024). Profit margin: 5.3% (up from net loss in 1H 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Jun 16Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €34.80. The fair value is estimated to be €43.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making.Price Target Changed • Jun 04Price target decreased by 7.9% to €35.00Down from €38.00, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of €37.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.10 next year compared to a net loss per share of €0.28 last year.Upcoming Dividend • Jun 02Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 09 June 2025. Payment date: 11 June 2025. Trailing yield: 7.3%. Within top quartile of French dividend payers (5.4%). Higher than average of industry peers (5.3%).Declared Dividend • Apr 07Dividend of €2.70 announcedShareholders will receive a dividend of €2.70. Ex-date: 9th June 2025 Payment date: 11th June 2025 Dividend yield will be 8.2%, which is higher than the industry average of 5.5%.공시 • Apr 06Fonciere Inea S.A. announces Annual dividend, payable on June 11, 2025Fonciere Inea S.A. announced Annual dividend of EUR 0.3515 per share payable on June 11, 2025, ex-date on June 09, 2025 and record date on June 10, 2025.Reported Earnings • Apr 04Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: €0.28 loss per share (down from €1.99 profit in FY 2023). Revenue: €79.8m (up 15% from FY 2023). Net loss: €3.02m (down 114% from profit in FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.공시 • Jan 15Fonciere Inea S.A., Annual General Meeting, Jun 04, 2025Fonciere Inea S.A., Annual General Meeting, Jun 04, 2025.Reported Earnings • Sep 27First half 2024 earnings released: €0.54 loss per share (vs €1.77 profit in 1H 2023)First half 2024 results: €0.54 loss per share (down from €1.77 profit in 1H 2023). Revenue: €38.9m (up 16% from 1H 2023). Net loss: €5.83m (down 130% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% 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.Reported Earnings • Jul 29First half 2024 earnings released: €0.54 loss per share (vs €1.77 profit in 1H 2023)First half 2024 results: €0.54 loss per share (down from €1.77 profit in 1H 2023). Revenue: €38.9m (up 16% from 1H 2023). Net loss: €5.83m (down 130% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Trailing yield: 8.1%. Within top quartile of French dividend payers (5.2%). Higher than average of industry peers (4.9%).Reported Earnings • Apr 07Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: €1.99 (down from €6.00 in FY 2022). Revenue: €69.6m (up 17% from FY 2022). Net income: €21.5m (down 63% from FY 2022). Profit margin: 31% (down from 97% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.New Risk • Feb 11New 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 Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (67% net profit margin).Reported Earnings • Jul 31First half 2023 earnings released: EPS: €1.77 (vs €3.93 in 1H 2022)First half 2023 results: EPS: €1.77 (down from €3.93 in 1H 2022). Revenue: €33.5m (up 19% from 1H 2022). Net income: €19.2m (down 43% from 1H 2022). Profit margin: 57% (down from 119% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Jul 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Dividend yield: 7.2% 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 (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (67% net profit margin).New Risk • Jul 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% 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 (6.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding).Upcoming Dividend • May 08Upcoming dividend of €2.70 per share at 6.6% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 6.6%. Within top quartile of French dividend payers (5.4%). In line with average of industry peers (6.0%).Reported Earnings • Apr 17Full year 2022 earnings released: EPS: €6.00 (vs €6.45 in FY 2021)Full year 2022 results: EPS: €6.00. Revenue: €59.7m (up 12% from FY 2021). Net income: €58.1m (up 6.6% from FY 2021). Profit margin: 97% (down from 102% in FY 2021).Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Independent Director Thierry Vallet was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.9%. The fair value is estimated to be €50.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 13%.Reported Earnings • Jul 28First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €24.8m from profit in 1H 2021). Profit margin: (down from 95% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Director Thierry Vallet was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 April 2022. Payment date: 29 April 2022. Trailing yield: 5.7%. Within top quartile of French dividend payers (4.8%). In line with average of industry peers (5.5%).Reported Earnings • Apr 02Full year 2021 earnings released: EPS: €6.45 (vs €4.61 in FY 2020)Full year 2021 results: EPS: €6.45 (up from €4.61 in FY 2020). Revenue: €53.6m (up 12% from FY 2020). Net income: €54.5m (up 40% from FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.공시 • Dec 18Fonciere Inea S.A. (ENXTPA:INEA) agreed to acquire Off-Plan Cyber Place Building In Rennes from Rennes Métropole and Nge Immobilier.Fonciere Inea S.A. (ENXTPA:INEA) agreed to acquire Off-Plan Cyber Place Building In Rennes from Rennes Métropole and Nge Immobilier on December 16, 2021. The transaction is expected to close on Q4 2023.공시 • Sep 29Fonciere Inea S.A. (ENXTPA:INEA) acquired THE VEFA ARKO IN MÉRIGNAC from Aventim.Fonciere Inea S.A. (ENXTPA:INEA) acquired THE VEFA ARKO IN MÉRIGNAC from Aventim on September 27, 2021. Fonciere Inea S.A. (ENXTPA:INEA) completed the acquisition of THE VEFA ARKO IN MÉRIGNAC from Aventim on September 27, 2021.Upcoming Dividend • May 10Upcoming dividend of €2.60 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 6.0%. Within top quartile of French dividend payers (4.0%). Higher than average of industry peers (4.5%).Is New 90 Day High Low • Mar 06New 90-day high: €39.50The company is up 4.0% from its price of €38.00 on 04 December 2020. The French market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 4.0% over the same period.Is New 90 Day High Low • Feb 10New 90-day low: €37.50The company is down 2.0% from its price of €38.20 on 11 November 2020. The French market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 3.0% over the same period.분석 기사 • Feb 10Reflecting on Fonciere Inea's (EPA:INEA) Share Price Returns Over The Last YearPassive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While...Is New 90 Day High Low • Jan 14New 90-day high: €39.20The company is up 4.0% from its price of €37.70 on 15 October 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 21% over the same period.Is New 90 Day High Low • Dec 24New 90-day high: €38.90The company is up 1.0% from its price of €38.50 on 24 September 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 24% over the same period.분석 기사 • Dec 07What Kind Of Investors Own Most Of Fonciere Inea S.A. (EPA:INEA)?The big shareholder groups in Fonciere Inea S.A. ( EPA:INEA ) have power over the company. Institutions often own...Is New 90 Day High Low • Oct 10New 90-day low: €37.70The company is down 3.0% from its price of €39.00 on 10 July 2020. The French market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 9.0% over the same period.이익 및 매출 성장 예측ENXTPA:INEA - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202879355554212/31/202778345952212/31/202676266551212/31/20258455456N/A9/30/20258355656N/A6/30/20258355757N/A3/31/20258115959N/A12/31/202480-36262N/A9/30/202477-36161N/A6/30/202475-36161N/A3/31/20247295656N/A12/31/202370225252N/A9/30/202367334445N/A6/30/202365443738N/A3/31/202362513232N/A12/31/202260582727N/A9/30/202258612526N/A6/30/202255632424N/A3/31/202254592526N/A12/31/202154542627N/A9/30/202152522727N/A6/30/202151502728N/A3/31/202150442323N/A12/31/202048391919N/A9/30/202047371818N/A6/30/202046341616N/A3/31/202046381616N/A12/31/201945411515N/A9/30/20194438N/A17N/A6/30/20194334N/A18N/A3/31/20194231N/A21N/A12/31/20184127N/A24N/A9/30/20183929N/A20N/A6/30/20183831N/A17N/A3/31/20183729N/A14N/A12/31/20173626N/A11N/A9/30/20173621N/A12N/A6/30/20173515N/A12N/A3/31/20173413N/A12N/A12/31/20163310N/A12N/A9/30/20163210N/A14N/A6/30/2016329N/A16N/A3/31/2016329N/A13N/A12/31/2015318N/A10N/A9/30/2015308N/A8N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: INEA 의 연간 예상 수익 증가율(38.8%)이 saving rate(2.5%)보다 높습니다.수익 vs 시장: INEA 의 연간 수익(38.8%)이 French 시장(12.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: INEA 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: INEA 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -1.6%).고성장 매출: INEA 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -1.6%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: INEA의 자본 수익률은 3년 후 7.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/08 18:04종가2026/07/08 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 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 소스Fonciere Inea S.A.는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Vincent KoppmairDegroof PetercamFlorent Laroche-JoubertODDO BHF Corporate & Markets
Major Estimate Revision • Oct 15Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €87.2m to €76.4m. EPS estimate fell from €2.81 to €2.45 per share. Net income forecast to grow 535% next year vs 64% growth forecast for Office REITs industry in France. Consensus price target down from €38.50 to €36.00. Share price rose 5.9% to €32.30 over the past week.
Price Target Changed • Jun 04Price target decreased by 7.9% to €35.00Down from €38.00, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of €37.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.10 next year compared to a net loss per share of €0.28 last year.
Upcoming Dividend • May 19Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 26 May 2026. Payment date: 28 May 2026. Trailing yield: 7.6%. Within top quartile of French dividend payers (5.5%). Higher than average of industry peers (6.1%).
Reported Earnings • Apr 06Full year 2025 earnings released: EPS: €0.45 (vs €0.28 loss in FY 2024)Full year 2025 results: EPS: €0.45 (up from €0.28 loss in FY 2024). Revenue: €83.8m (up 5.0% from FY 2024). Net income: €4.87m (up €7.89m from FY 2024). Profit margin: 5.8% (up from net loss in FY 2024). Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
공시 • Apr 04Fonciere Inea S.A., Annual General Meeting, May 20, 2026Fonciere Inea S.A., Annual General Meeting, May 20, 2026.
New Risk • Feb 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results.
Major Estimate Revision • Oct 15Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €87.2m to €76.4m. EPS estimate fell from €2.81 to €2.45 per share. Net income forecast to grow 535% next year vs 64% growth forecast for Office REITs industry in France. Consensus price target down from €38.50 to €36.00. Share price rose 5.9% to €32.30 over the past week.
Buy Or Sell Opportunity • Oct 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €30.20. The fair value is estimated to be €39.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 750% in the next 2 years.
Buy Or Sell Opportunity • Sep 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.2% to €32.60. The fair value is estimated to be €40.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 750% in the next 2 years.
Reported Earnings • Jul 28First half 2025 earnings released: EPS: €0.20 (vs €0.54 loss in 1H 2024)First half 2025 results: EPS: €0.20 (up from €0.54 loss in 1H 2024). Revenue: €41.9m (up 7.6% from 1H 2024). Net income: €2.21m (up €8.03m from 1H 2024). Profit margin: 5.3% (up from net loss in 1H 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Jun 16Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €34.80. The fair value is estimated to be €43.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making.
Price Target Changed • Jun 04Price target decreased by 7.9% to €35.00Down from €38.00, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of €37.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of €3.10 next year compared to a net loss per share of €0.28 last year.
Upcoming Dividend • Jun 02Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 09 June 2025. Payment date: 11 June 2025. Trailing yield: 7.3%. Within top quartile of French dividend payers (5.4%). Higher than average of industry peers (5.3%).
Declared Dividend • Apr 07Dividend of €2.70 announcedShareholders will receive a dividend of €2.70. Ex-date: 9th June 2025 Payment date: 11th June 2025 Dividend yield will be 8.2%, which is higher than the industry average of 5.5%.
공시 • Apr 06Fonciere Inea S.A. announces Annual dividend, payable on June 11, 2025Fonciere Inea S.A. announced Annual dividend of EUR 0.3515 per share payable on June 11, 2025, ex-date on June 09, 2025 and record date on June 10, 2025.
Reported Earnings • Apr 04Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: €0.28 loss per share (down from €1.99 profit in FY 2023). Revenue: €79.8m (up 15% from FY 2023). Net loss: €3.02m (down 114% from profit in FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
공시 • Jan 15Fonciere Inea S.A., Annual General Meeting, Jun 04, 2025Fonciere Inea S.A., Annual General Meeting, Jun 04, 2025.
Reported Earnings • Sep 27First half 2024 earnings released: €0.54 loss per share (vs €1.77 profit in 1H 2023)First half 2024 results: €0.54 loss per share (down from €1.77 profit in 1H 2023). Revenue: €38.9m (up 16% from 1H 2023). Net loss: €5.83m (down 130% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% 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.
Reported Earnings • Jul 29First half 2024 earnings released: €0.54 loss per share (vs €1.77 profit in 1H 2023)First half 2024 results: €0.54 loss per share (down from €1.77 profit in 1H 2023). Revenue: €38.9m (up 16% from 1H 2023). Net loss: €5.83m (down 130% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Trailing yield: 8.1%. Within top quartile of French dividend payers (5.2%). Higher than average of industry peers (4.9%).
Reported Earnings • Apr 07Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: €1.99 (down from €6.00 in FY 2022). Revenue: €69.6m (up 17% from FY 2022). Net income: €21.5m (down 63% from FY 2022). Profit margin: 31% (down from 97% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
New Risk • Feb 11New 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 Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (67% net profit margin).
Reported Earnings • Jul 31First half 2023 earnings released: EPS: €1.77 (vs €3.93 in 1H 2022)First half 2023 results: EPS: €1.77 (down from €3.93 in 1H 2022). Revenue: €33.5m (up 19% from 1H 2022). Net income: €19.2m (down 43% from 1H 2022). Profit margin: 57% (down from 119% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Jul 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Dividend yield: 7.2% 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 (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 107% Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (67% net profit margin).
New Risk • Jul 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% 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 (6.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding).
Upcoming Dividend • May 08Upcoming dividend of €2.70 per share at 6.6% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 6.6%. Within top quartile of French dividend payers (5.4%). In line with average of industry peers (6.0%).
Reported Earnings • Apr 17Full year 2022 earnings released: EPS: €6.00 (vs €6.45 in FY 2021)Full year 2022 results: EPS: €6.00. Revenue: €59.7m (up 12% from FY 2021). Net income: €58.1m (up 6.6% from FY 2021). Profit margin: 97% (down from 102% in FY 2021).
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Independent Director Thierry Vallet was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.9%. The fair value is estimated to be €50.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 13%.
Reported Earnings • Jul 28First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €24.8m from profit in 1H 2021). Profit margin: (down from 95% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Director Thierry Vallet was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 April 2022. Payment date: 29 April 2022. Trailing yield: 5.7%. Within top quartile of French dividend payers (4.8%). In line with average of industry peers (5.5%).
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: €6.45 (vs €4.61 in FY 2020)Full year 2021 results: EPS: €6.45 (up from €4.61 in FY 2020). Revenue: €53.6m (up 12% from FY 2020). Net income: €54.5m (up 40% from FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
공시 • Dec 18Fonciere Inea S.A. (ENXTPA:INEA) agreed to acquire Off-Plan Cyber Place Building In Rennes from Rennes Métropole and Nge Immobilier.Fonciere Inea S.A. (ENXTPA:INEA) agreed to acquire Off-Plan Cyber Place Building In Rennes from Rennes Métropole and Nge Immobilier on December 16, 2021. The transaction is expected to close on Q4 2023.
공시 • Sep 29Fonciere Inea S.A. (ENXTPA:INEA) acquired THE VEFA ARKO IN MÉRIGNAC from Aventim.Fonciere Inea S.A. (ENXTPA:INEA) acquired THE VEFA ARKO IN MÉRIGNAC from Aventim on September 27, 2021. Fonciere Inea S.A. (ENXTPA:INEA) completed the acquisition of THE VEFA ARKO IN MÉRIGNAC from Aventim on September 27, 2021.
Upcoming Dividend • May 10Upcoming dividend of €2.60 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 6.0%. Within top quartile of French dividend payers (4.0%). Higher than average of industry peers (4.5%).
Is New 90 Day High Low • Mar 06New 90-day high: €39.50The company is up 4.0% from its price of €38.00 on 04 December 2020. The French market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Feb 10New 90-day low: €37.50The company is down 2.0% from its price of €38.20 on 11 November 2020. The French market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 3.0% over the same period.
분석 기사 • Feb 10Reflecting on Fonciere Inea's (EPA:INEA) Share Price Returns Over The Last YearPassive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While...
Is New 90 Day High Low • Jan 14New 90-day high: €39.20The company is up 4.0% from its price of €37.70 on 15 October 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 21% over the same period.
Is New 90 Day High Low • Dec 24New 90-day high: €38.90The company is up 1.0% from its price of €38.50 on 24 September 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 24% over the same period.
분석 기사 • Dec 07What Kind Of Investors Own Most Of Fonciere Inea S.A. (EPA:INEA)?The big shareholder groups in Fonciere Inea S.A. ( EPA:INEA ) have power over the company. Institutions often own...
Is New 90 Day High Low • Oct 10New 90-day low: €37.70The company is down 3.0% from its price of €39.00 on 10 July 2020. The French market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 9.0% over the same period.