Cofinimmo has been acquiring, developing and managing rental properties for over 35 years.
Price History & Performance
|Historical stock prices|
|Current Share Price||€138.70|
|52 Week High||€114.40|
|52 Week Low||€142.40|
|1 Month Change||3.43%|
|3 Month Change||4.05%|
|1 Year Change||13.69%|
|3 Year Change||30.97%|
|5 Year Change||28.78%|
|Change since IPO||52.54%|
Recent News & Updates
|COFB||BE REITs||BE Market|
Return vs Industry: COFB underperformed the Belgian REITs industry which returned 21% over the past year.
Return vs Market: COFB underperformed the Belgian Market which returned 20.6% over the past year.
Stable Share Price: COFB is less volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: COFB's weekly volatility (2%) 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||€70.50m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
|Earnings per share (EPS)||4.89|
|Net Profit Margin||49.65%|
How did COFB perform over the long term?See historical performance and comparison
4.2%Current Dividend Yield
Is Cofinimmo undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COFB (€138.7) is trading below our estimate of fair value (€187.04)
Significantly Below Fair Value: COFB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COFB is poor value based on its PE Ratio (28.3x) compared to the Belgian REITs industry average (11.8x).
PE vs Market: COFB is poor value based on its PE Ratio (28.3x) compared to the Belgian market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: COFB is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: COFB is overvalued based on its PB Ratio (1.5x) compared to the BE REITs industry average (1.2x).
How is Cofinimmo forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COFB's forecast earnings growth (14.9% per year) is above the savings rate (1.2%).
Earnings vs Market: COFB's earnings (14.9% per year) are forecast to grow faster than the Belgian market (12.6% per year).
High Growth Earnings: COFB's earnings are forecast to grow, but not significantly.
Revenue vs Market: COFB's revenue (7.2% per year) is forecast to grow faster than the Belgian market (6.7% per year).
High Growth Revenue: COFB's revenue (7.2% 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 (8.2%).
How has Cofinimmo performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COFB has high quality earnings.
Growing Profit Margin: COFB's current net profit margins (49.7%) are lower than last year (72.6%).
Past Earnings Growth Analysis
Earnings Trend: COFB's earnings have grown by 8.2% per year over the past 5 years.
Accelerating Growth: COFB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COFB had negative earnings growth (-19.9%) over the past year, making it difficult to compare to the REITs industry average (71.3%).
Return on Equity
High ROE: COFB's Return on Equity (5.3%) is considered low.
How is Cofinimmo's financial position?
Financial Position Analysis
Short Term Liabilities: COFB's short term assets (€263.9M) do not cover its short term liabilities (€1.4B).
Long Term Liabilities: COFB's short term assets (€263.9M) do not cover its long term liabilities (€1.6B).
Debt to Equity History and Analysis
Debt Level: COFB's debt to equity ratio (95.2%) is considered high.
Reducing Debt: COFB's debt to equity ratio has increased from 82.3% to 95.2% over the past 5 years.
Debt Coverage: COFB's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: COFB's interest payments on its debt are well covered by EBIT (28x coverage).
What is Cofinimmo current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COFB's dividend (4.18%) is higher than the bottom 25% of dividend payers in the Belgian market (1.49%).
High Dividend: COFB's dividend (4.18%) is low compared to the top 25% of dividend payers in the Belgian market (4.44%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.4%), COFB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: COFB's dividends in 3 years are forecast to be covered by earnings (81.5% payout ratio).
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 ($USD1.42M) is about average for companies of similar size in the Belgian market ($USD1.29M).
Compensation vs Earnings: Insufficient data to compare Jean-Pierre's compensation with company performance.
Experienced Management: COFB's management team is considered experienced (3.4 years average tenure).
Experienced Board: COFB's board of directors are considered experienced (5.4 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 17.2%.
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
- Market Cap: €4.391b
- 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||2021/10/16 17:47|
|End of Day Share Price||2021/10/15 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.