View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsCovivio 향후 성장Future 기준 점검 4/6Covivio은 연간 수입과 매출이 각각 104.2%와 2.4% 증가할 것으로 예상되고 EPS는 연간 102.9%만큼 증가할 것으로 예상됩니다.핵심 정보104.2%이익 성장률102.86%EPS 성장률Office REITs 이익 성장0%매출 성장률2.4%향후 자기자본이익률n/a애널리스트 커버리지Good마지막 업데이트10 Sep 2023최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Mar 05Covivio, Annual General Meeting, Apr 16, 2026Covivio, Annual General Meeting, Apr 16, 2026. Location: 10 rue de madrid, paris France공시 • Feb 21Covivio Proposes Cash Dividend for the Year 2025, Payable on 19 March 2026 and 17 July 2026 RespectivelyCovivio proposed cash dividend of EUR 3.75 per share for the year 2025, up 7% year-on-year, payable in two instalments. The company will submit to the vote of the Annual General Meeting on 16 April 2026. Considering the recurring nature of its business, the company will distribute the dividend in two instalments: an interim dividend of EUR 1.50 per share will be paid on 19 March 2026 (ex-dividend date: 17 March 2026), with the balance of EUR 2.25 per share to be paid on 17 July 2026 (ex-dividend date: 15 July 2026).공시 • Oct 24Covivio to Report Nine Months, 2026 Results on Oct 21, 2026Covivio announced that they will report nine months, 2026 results on Oct 21, 2026공시 • Oct 23+ 2 more updatesCovivio to Report Fiscal Year 2025 Results on Feb 18, 2026Covivio announced that they will report fiscal year 2025 results on Feb 18, 2026공시 • Jun 18Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France.Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025. Covivio now owns 100% stake in Tour Gan Office Tower (CB21). Veil Jourde acted as legal advisor for Covivio. The seller was advised by KPMG Avocats, Brice Engel of White & Case Paris and Rothschild & Co. Covivio (ENXTPA:COV) completed the acquisition of remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025.공시 • Mar 06Covivio, Annual General Meeting, Apr 17, 2025Covivio, Annual General Meeting, Apr 17, 2025. Location: 10 rue de madrid, paris France공시 • Nov 16+ 1 more updateCovivio to Report Q1, 2025 Results on Apr 16, 2025Covivio announced that they will report Q1, 2025 results at 6:00 PM, Central European Standard Time on Apr 16, 2025공시 • Nov 15Covivio to Report First Half, 2025 Results on Jul 21, 2025Covivio announced that they will report first half, 2025 results on Jul 21, 2025공시 • Oct 23Covivio to Report Fiscal Year 2024 Results on Feb 19, 2025Covivio announced that they will report fiscal year 2024 results on Feb 19, 2025공시 • Feb 23Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million.Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million on February 21, 2024. Covivio will issue 31 shares for every 100 Covivio Hotels shares. The transaction is subject to approval by the Contribution Appraiser. After completion of transaction, Covivio will hold 52.2% stake in Covivio Hotels and will file a mandatory simplified public exchange offer (the “Offer”) for the rest of the shares of Covivio Hotels, based on an exchange ratio of 31 Covivio shares for 100 Covivio Hotels shares. The transaction is expected to complete by end of April.공시 • Feb 09Covivio to Report Q2, 2024 Results on Jul 22, 2024Covivio announced that they will report Q2, 2024 results Pre-Market on Jul 22, 2024공시 • Feb 06Covivio, Annual General Meeting, Apr 17, 2024Covivio, Annual General Meeting, Apr 17, 2024, at 18:00 Central European Standard Time.공시 • Sep 22An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV).An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023. An unknown buyer completed the acquisition of Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023.Reported Earnings • Apr 09Full year 2022 earnings released: EPS: €6.61 (vs €9.79 in FY 2021)Full year 2022 results: EPS: €6.61 (down from €9.79 in FY 2021). Revenue: €1.07b (up 11% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 58% (down from 96% in FY 2021). The decrease in margin was driven by higher expenses. Net asset value (NAV) per share: €100.00 (up 3.2% from FY 2021). The current share price is 47% lower than NAV per share. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 25Full year 2022 earnings releasedFull year 2022 results: Revenue: €937.5m (down 3.0% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 66% (down from 96% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the REITs industry in Europe.공시 • Jan 27Covivio to Report First Half, 2023 Results on Jul 20, 2023Covivio announced that they will report first half, 2023 results on Jul 20, 2023Buying Opportunity • Oct 11Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €61.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 5.7% in 2 years. Earnings is forecast to decline by 57% in the next 2 years.Reported Earnings • Jul 22First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €466.9m from profit in 1H 2021). Profit margin: (down from 102% in 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 1.4% decline forecast for the industry in Italy.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €56.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.79 per share.Buying Opportunity • May 19Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €84.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period.Buying Opportunity • Apr 30Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.1%. The fair value is estimated to be €85.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period.Upcoming Dividend • Apr 18Upcoming dividend of €3.75 per shareEligible shareholders must have bought the stock before 25 April 2022. Payment date: 27 April 2022. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (4.0%).Buying Opportunity • Apr 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.0%. The fair value is estimated to be €87.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 5.4% per annum over the same time period.Buying Opportunity • Feb 24Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €90.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% per annum over the last 3 years. Earnings per share has been flat over the last year.Reported Earnings • Feb 24Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €865.6m (down 6.2% from FY 2020). Net income: €923.6m (up 157% from FY 2020). Net asset value (NAV) per share: €96.90 (up 7.0% from FY 2020). The current share price is 26% lower than NAV per share. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18% while thereits industry in Italy is not expected to grow.Buying Opportunity • Jan 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be €91.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% per annum over the last 3 years. Earnings per share has declined by 27% per annum over the last 3 years.Reported Earnings • Jul 24First half 2021 earnings released: EPS €4.95 (vs €2.19 in 1H 2020)First half 2021 results: Revenue: €410.5m (down 17% from 1H 2020). Net income: €466.9m (up 140% from 1H 2020).Upcoming Dividend • Apr 19Upcoming dividend of €3.60 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 4.7%. Within top quartile of Italian dividend payers (4.0%). Higher than average of industry peers (3.8%).Is New 90 Day High Low • Feb 18New 90-day low: €64.40The company is down 11% from its price of €72.00 on 20 November 2020. The Italian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €97.55 per share.Is New 90 Day High Low • Dec 04New 90-day high: €77.10The company is up 27% from its price of €60.75 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 25% share price gain to €66.50, the stock is trading at a trailing P/E ratio of 10.3x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 15x in the REITs industry in Europe. Total return to shareholders over the past year is a loss of 28%.Is New 90 Day High Low • Nov 10New 90-day high: €66.50The company is up 6.0% from its price of €62.50 on 12 August 2020. The Italian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €90.55 per share.Is New 90 Day High Low • Oct 22New 90-day low: €55.05The company is down 11% from its price of €62.05 on 24 July 2020. The Italian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €93.27 per share.Is New 90 Day High Low • Sep 22New 90-day low: €57.40The company is down 15% from its price of €67.70 on 24 June 2020. The Italian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €99.88 per share.이익 및 매출 성장 예측BIT:4COV - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20251,109544616474212/31/20241,0883901,076460212/31/20231,051-4071,19548126/30/20231,051-865277769N/A3/31/20231,059-122204733N/A12/31/20221,068621130698N/A9/30/20221,05093788702N/A6/30/20221,0311,25246707N/A3/31/20229991,08819698N/A12/31/2021967924-9689N/A9/30/2021947778-40663N/A6/30/2021928632-72638N/A3/31/2021925496-101569N/A12/31/2020923360-131501N/A9/30/2020930473-95531N/A6/30/2020938586-59562N/A3/31/20201,02266720668N/A12/31/20191,10674799773N/A9/30/20191,18369396821N/A6/30/20191,26063992869N/A3/31/20191,261694-7877N/A12/31/20181,261750-107884N/A9/30/20181,190820N/AN/AN/A6/30/20181,118890-8806N/A3/31/20181,058902-192772N/A12/31/2017998914-376738N/A9/30/2017980889N/AN/AN/A6/30/2017961864-757464N/A3/31/2017965825N/A480N/A12/31/2016968787N/A497N/A9/30/2016991712N/AN/AN/A6/30/20161,013637N/A746N/A3/31/20161,012566N/A726N/A12/31/20151,012494N/A707N/A9/30/20151,009414N/AN/AN/A6/30/20151,007334N/A642N/A3/31/2015999214N/A698N/A12/31/201499195N/A755N/A9/30/2014996130N/AN/AN/A6/30/20141,000165N/A764N/A3/31/2014979253N/A698N/A12/31/2013957340N/A632N/A9/30/2013920244N/AN/AN/A6/30/2013883147N/A641N/A3/31/201388360N/A630N/A12/31/2012882-27N/A620N/A9/30/201290520N/A644N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 4COV 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(2.2%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 4COV (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 4COV 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 4COV 의 수익(연간 2.4%)이 Italian 시장(연간 5.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 4COV 의 수익(연간 2.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 4COV의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/09/20 06:07종가2023/06/23 00:00수익2023/06/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Covivio는 23명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Paul MayBarclaysCeline HuynhBarclaysPaul MayBarclays20명의 분석가 더 보기
공시 • Mar 05Covivio, Annual General Meeting, Apr 16, 2026Covivio, Annual General Meeting, Apr 16, 2026. Location: 10 rue de madrid, paris France
공시 • Feb 21Covivio Proposes Cash Dividend for the Year 2025, Payable on 19 March 2026 and 17 July 2026 RespectivelyCovivio proposed cash dividend of EUR 3.75 per share for the year 2025, up 7% year-on-year, payable in two instalments. The company will submit to the vote of the Annual General Meeting on 16 April 2026. Considering the recurring nature of its business, the company will distribute the dividend in two instalments: an interim dividend of EUR 1.50 per share will be paid on 19 March 2026 (ex-dividend date: 17 March 2026), with the balance of EUR 2.25 per share to be paid on 17 July 2026 (ex-dividend date: 15 July 2026).
공시 • Oct 24Covivio to Report Nine Months, 2026 Results on Oct 21, 2026Covivio announced that they will report nine months, 2026 results on Oct 21, 2026
공시 • Oct 23+ 2 more updatesCovivio to Report Fiscal Year 2025 Results on Feb 18, 2026Covivio announced that they will report fiscal year 2025 results on Feb 18, 2026
공시 • Jun 18Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France.Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025. Covivio now owns 100% stake in Tour Gan Office Tower (CB21). Veil Jourde acted as legal advisor for Covivio. The seller was advised by KPMG Avocats, Brice Engel of White & Case Paris and Rothschild & Co. Covivio (ENXTPA:COV) completed the acquisition of remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025.
공시 • Mar 06Covivio, Annual General Meeting, Apr 17, 2025Covivio, Annual General Meeting, Apr 17, 2025. Location: 10 rue de madrid, paris France
공시 • Nov 16+ 1 more updateCovivio to Report Q1, 2025 Results on Apr 16, 2025Covivio announced that they will report Q1, 2025 results at 6:00 PM, Central European Standard Time on Apr 16, 2025
공시 • Nov 15Covivio to Report First Half, 2025 Results on Jul 21, 2025Covivio announced that they will report first half, 2025 results on Jul 21, 2025
공시 • Oct 23Covivio to Report Fiscal Year 2024 Results on Feb 19, 2025Covivio announced that they will report fiscal year 2024 results on Feb 19, 2025
공시 • Feb 23Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million.Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million on February 21, 2024. Covivio will issue 31 shares for every 100 Covivio Hotels shares. The transaction is subject to approval by the Contribution Appraiser. After completion of transaction, Covivio will hold 52.2% stake in Covivio Hotels and will file a mandatory simplified public exchange offer (the “Offer”) for the rest of the shares of Covivio Hotels, based on an exchange ratio of 31 Covivio shares for 100 Covivio Hotels shares. The transaction is expected to complete by end of April.
공시 • Feb 09Covivio to Report Q2, 2024 Results on Jul 22, 2024Covivio announced that they will report Q2, 2024 results Pre-Market on Jul 22, 2024
공시 • Feb 06Covivio, Annual General Meeting, Apr 17, 2024Covivio, Annual General Meeting, Apr 17, 2024, at 18:00 Central European Standard Time.
공시 • Sep 22An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV).An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023. An unknown buyer completed the acquisition of Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023.
Reported Earnings • Apr 09Full year 2022 earnings released: EPS: €6.61 (vs €9.79 in FY 2021)Full year 2022 results: EPS: €6.61 (down from €9.79 in FY 2021). Revenue: €1.07b (up 11% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 58% (down from 96% in FY 2021). The decrease in margin was driven by higher expenses. Net asset value (NAV) per share: €100.00 (up 3.2% from FY 2021). The current share price is 47% lower than NAV per share. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 25Full year 2022 earnings releasedFull year 2022 results: Revenue: €937.5m (down 3.0% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 66% (down from 96% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the REITs industry in Europe.
공시 • Jan 27Covivio to Report First Half, 2023 Results on Jul 20, 2023Covivio announced that they will report first half, 2023 results on Jul 20, 2023
Buying Opportunity • Oct 11Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €61.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 5.7% in 2 years. Earnings is forecast to decline by 57% in the next 2 years.
Reported Earnings • Jul 22First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €466.9m from profit in 1H 2021). Profit margin: (down from 102% in 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 1.4% decline forecast for the industry in Italy.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €56.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.79 per share.
Buying Opportunity • May 19Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €84.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period.
Buying Opportunity • Apr 30Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.1%. The fair value is estimated to be €85.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period.
Upcoming Dividend • Apr 18Upcoming dividend of €3.75 per shareEligible shareholders must have bought the stock before 25 April 2022. Payment date: 27 April 2022. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (4.0%).
Buying Opportunity • Apr 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.0%. The fair value is estimated to be €87.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 5.4% per annum over the same time period.
Buying Opportunity • Feb 24Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €90.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% per annum over the last 3 years. Earnings per share has been flat over the last year.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €865.6m (down 6.2% from FY 2020). Net income: €923.6m (up 157% from FY 2020). Net asset value (NAV) per share: €96.90 (up 7.0% from FY 2020). The current share price is 26% lower than NAV per share. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18% while thereits industry in Italy is not expected to grow.
Buying Opportunity • Jan 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be €91.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% per annum over the last 3 years. Earnings per share has declined by 27% per annum over the last 3 years.
Reported Earnings • Jul 24First half 2021 earnings released: EPS €4.95 (vs €2.19 in 1H 2020)First half 2021 results: Revenue: €410.5m (down 17% from 1H 2020). Net income: €466.9m (up 140% from 1H 2020).
Upcoming Dividend • Apr 19Upcoming dividend of €3.60 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 4.7%. Within top quartile of Italian dividend payers (4.0%). Higher than average of industry peers (3.8%).
Is New 90 Day High Low • Feb 18New 90-day low: €64.40The company is down 11% from its price of €72.00 on 20 November 2020. The Italian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €97.55 per share.
Is New 90 Day High Low • Dec 04New 90-day high: €77.10The company is up 27% from its price of €60.75 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 25% share price gain to €66.50, the stock is trading at a trailing P/E ratio of 10.3x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 15x in the REITs industry in Europe. Total return to shareholders over the past year is a loss of 28%.
Is New 90 Day High Low • Nov 10New 90-day high: €66.50The company is up 6.0% from its price of €62.50 on 12 August 2020. The Italian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €90.55 per share.
Is New 90 Day High Low • Oct 22New 90-day low: €55.05The company is down 11% from its price of €62.05 on 24 July 2020. The Italian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €93.27 per share.
Is New 90 Day High Low • Sep 22New 90-day low: €57.40The company is down 15% from its price of €67.70 on 24 June 2020. The Italian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €99.88 per share.