COFB Stock Overview
Cofinimmo has been acquiring, developing and managing rental properties for over 35 years.
+ 1 more risk
Price History & Performance
|Historical stock prices|
|Current Share Price||€109.00|
|52 Week High||€144.20|
|52 Week Low||€106.70|
|1 Month Change||-10.51%|
|3 Month Change||-16.28%|
|1 Year Change||-16.67%|
|3 Year Change||-4.55%|
|5 Year Change||1.25%|
|Change since IPO||19.88%|
Recent News & Updates
|COFB||BE REITs||BE Market|
Return vs Industry: COFB underperformed the Belgian REITs industry which returned -9.2% over the past year.
Return vs Market: COFB underperformed the Belgian Market which returned -11.3% over the past year.
|COFB Average Weekly Movement||3.4%|
|REITs Industry Average Movement||3.5%|
|Market Average Movement||4.5%|
|10% most volatile stocks in BE Market||7.9%|
|10% least volatile stocks in BE Market||2.5%|
Stable Share Price: COFB is less volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: COFB's weekly volatility (3%) has been stable over the past year.
About the Company
Cofinimmo has been acquiring, developing and managing rental properties for over 35 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany and Spain, with a value of approximately 4.5 billion EUR. With attention to social developments, Cofinimmo has the mission of making high-quality care, living and working environments available to its partners-tenants, from which users benefit directly.
Cofinimmo Fundamentals Summary
|COFB fundamental statistics|
Is COFB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|COFB income statement (TTM)|
|Cost of Revenue||€85.79m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 29, 2022
|Earnings per share (EPS)||12.07|
|Net Profit Margin||108.79%|
How did COFB perform over the long term?See historical performance and comparison
5.7%Current Dividend Yield
Is COFB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for COFB?
Other financial metrics that can be useful for relative valuation.
|What is COFB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does COFB's PE Ratio compare to its peers?
|COFB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: COFB is expensive based on its Price-To-Earnings Ratio (9x) compared to the peer average (8.6x).
Price to Earnings Ratio vs Industry
How does COFB's PE Ratio compare vs other companies in the REITs Industry?
Price-To-Earnings vs Industry: COFB is expensive based on its Price-To-Earnings Ratio (9x) compared to the Belgian REITs industry average (9x)
Price to Earnings Ratio vs Fair Ratio
What is COFB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9x|
|Fair PE Ratio||12.7x|
Price-To-Earnings vs Fair Ratio: COFB is good value based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).
Share Price vs Fair Value
What is the Fair Price of COFB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: COFB (€109) is trading below our estimate of fair value (€209.3)
Significantly Below Fair Value: COFB is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: COFB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is Cofinimmo forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COFB's earnings are forecast to decline over the next 3 years (-0.9% per year).
Earnings vs Market: COFB's earnings are forecast to decline over the next 3 years (-0.9% per year).
High Growth Earnings: COFB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: COFB's revenue (6.4% per year) is forecast to grow faster than the Belgian market (2% per year).
High Growth Revenue: COFB's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COFB's Return on Equity is forecast to be low in 3 years time (7.1%).
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How has Cofinimmo performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COFB has a large one-off gain of €192.0M impacting its March 31 2022 financial results.
Growing Profit Margin: COFB's current net profit margins are higher than last year (44.3%).
Past Earnings Growth Analysis
Earnings Trend: COFB's earnings have grown by 12.9% per year over the past 5 years.
Accelerating Growth: COFB's earnings growth over the past year (213%) exceeds its 5-year average (12.9% per year).
Earnings vs Industry: COFB earnings growth over the past year (213%) exceeded the REITs industry 134.8%.
Return on Equity
High ROE: COFB's Return on Equity (11.2%) is considered low.
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How is Cofinimmo's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: COFB's short term assets (€216.9M) do not cover its short term liabilities (€1.0B).
Long Term Liabilities: COFB's short term assets (€216.9M) do not cover its long term liabilities (€1.9B).
Debt to Equity History and Analysis
Debt Level: COFB's net debt to equity ratio (76.3%) is considered high.
Reducing Debt: COFB's debt to equity ratio has reduced from 78.7% to 77.1% over the past 5 years.
Debt Coverage: COFB's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: COFB's interest payments on its debt are well covered by EBIT (23x coverage).
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What is Cofinimmo current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COFB's dividend (5.69%) is higher than the bottom 25% of dividend payers in the Belgian market (1.95%).
High Dividend: COFB's dividend (5.69%) is low compared to the top 25% of dividend payers in the Belgian market (5.96%).
Stability and Growth of Payments
Stable Dividend: COFB's dividend payments have been volatile in the past 10 years.
Growing Dividend: COFB's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.4%), COFB's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (98.7%), COFB's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jean-Pierre Hanin (55 yo)
Mr. Jean-Pierre Hanin has been the Chief Executive Officer and a Director of Cofinimmo SA since May 9, 2018 and has been its Interim Chief Operating Officer since May 31, 2018 and serves as its Managing Di...
CEO Compensation Analysis
Compensation vs Market: Jean-Pierre's total compensation ($USD1.38M) is about average for companies of similar size in the Belgian market ($USD1.09M).
Compensation vs Earnings: Jean-Pierre's compensation has been consistent with company performance over the past year.
Experienced Management: COFB's management team is considered experienced (4.1 years average tenure).
Experienced Board: COFB's board of directors are considered experienced (6.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.6%.
Cofinimmo SA's employee growth, exchange listings and data sources
- Name: Cofinimmo SA
- Ticker: COFB
- Exchange: ENXTBR
- Founded: 1983
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: €3.451b
- Shares outstanding: 31.66m
- Website: https://www.cofinimmo.com
Number of Employees
- Cofinimmo SA
- Boulevard de la Woluwe 58
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.