ENXTBR:CPINV

Stock Analysis Report

Executive Summary

Serviceflats Invest NV, a real estate investment company, builds and finances residences for elderly residents.

Snowflake

Fundamentals

Solid track record with imperfect balance sheet.

Risks

  • Care Property Invest is not covered by any analysts.

Share Price & News

How has Care Property Invest's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.0%

ENXTBR:CPINV

1.3%

BE REITs

-1.1%

BE Market


1 Year Return

42.6%

ENXTBR:CPINV

17.7%

BE REITs

-5.2%

BE Market

CPINV outperformed the REITs industry which returned 17.7% over the past year.

CPINV outperformed the Market in Belgium which returned -5.2% over the past year.


Share holder returns

CPINVIndustryMarket
7 Day3.0%1.3%-1.1%
30 Day5.9%1.9%1.4%
90 Day16.3%8.4%4.8%
1 Year46.4%42.6%23.3%17.7%-3.1%-5.2%
3 Year59.6%42.7%37.7%20.1%-4.5%-11.3%
5 Year87.7%59.4%83.0%47.1%22.4%7.6%

Price Volatility Vs. Market

How volatile is Care Property Invest's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Care Property Invest undervalued based on future cash flows and its price relative to the stock market?

23.32x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Care Property Invest's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Care Property Invest's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Care Property Invest is overvalued based on earnings compared to the BE REITs industry average.

Care Property Invest is overvalued based on earnings compared to the Belgium market.


Price Based on Expected Growth

Care Property Invest is poor value based on expected growth next year.


Price Based on Value of Assets

Care Property Invest is overvalued based on assets compared to the BE REITs industry average.


Next Steps

Future Growth

How is Care Property Invest expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Care Property Invest is high growth as no revenue estimate data is available.

Care Property Invest's earnings are expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).

Unable to compare Care Property Invest's revenue growth to the Belgium market average as no estimate data is available.

Care Property Invest's earnings growth is positive but not above the Belgium market average.

Care Property Invest's earnings growth is expected to exceed the low risk savings rate of 0.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Care Property Invest will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Care Property Invest performed over the past 5 years?

37.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Care Property Invest has delivered over 20% year on year earnings growth in the past 5 years.

Care Property Invest's 1-year earnings growth exceeds its 5-year average (107.3% vs 37%)

Care Property Invest's earnings growth has exceeded the BE REITs industry average in the past year (107.3% vs 8.8%).


Return on Equity

Care Property Invest has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Care Property Invest used its assets more efficiently than the BE REITs industry average last year based on Return on Assets.


Return on Capital Employed

Care Property Invest has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Care Property Invest's financial position?


Financial Position Analysis

Care Property Invest's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Care Property Invest's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Care Property Invest's level of debt (108.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (152% vs 108.2% today).

Debt is not well covered by operating cash flow (5.4%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0x debt.


Next Steps

Dividend

What is Care Property Invest's current dividend yield, its reliability and sustainability?

2.97%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Care Property Invest's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.26%).

Care Property Invest's dividend is below the markets top 25% of dividend payers in Belgium (4.76%).

Whilst dividend payments have been stable, Care Property Invest has been paying a dividend for less than 10 years.

Dividend payments have increased, but Care Property Invest only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Care Property Invest's salary, the management and board of directors tenure and is there insider trading?

15.3yrs

Average board tenure


CEO

Peter Van Heukelom (64yo)

€531,888

Compensation

Mr. Peter Van Heukelom has been the General Manager at Care Property Invest since April 1, 2010 and serves as its Managing Director and Chief Executive Officer and Chairman of Management Board. Mr. Van Heu ...


CEO Compensation Analysis

Peter's remuneration is about average for companies of similar size in Belgium.

Peter's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

15.3yrs

Average Tenure

63.5yo

Average Age

The average tenure for the Care Property Invest board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Dirk Ernestus Van den Broeck (63yo)

    MD, Executive Director & Member of Management Board

    • Compensation: 15.25k
  • Peter Van Heukelom (64yo)

    CEO, MD

    • Compensation: 531.89k
  • Willy Pintens (73yo)

    MD, Executive Director & Member of Management Board

    • Compensation: 16.75k
  • Filip Van Zeebroeck

    CFO & Chief Compliance Officer

    • Tenure: 2.8yrs
  • Valérie Jonkers (34yo)

    Chief Operating Officer

    • Tenure: 2.8yrs

Board Members

  • Mark Suykens (67yo)

    Chairman of the Board

    • Tenure: 13.6yrs
    • Compensation: 26.50k
  • Peter Van Heukelom (64yo)

    CEO, MD

    • Tenure: 16.3yrs
    • Compensation: 531.89k
  • Myriam Lint (57yo)

    Non-Executive Director

    • Tenure: 15.3yrs
    • Compensation: 7.38k
  • Lode De Vrieze (62yo)

    Non-Executive Director

    • Tenure: 8.3yrs
    • Compensation: 6.88k
  • Paul Van Gorp (65yo)

    Non-Executive Independent Director

    • Compensation: 17.75k
  • Carol Riské (55yo)

    Non-Executive Independent Director

    • Compensation: 16.75k
  • Kristien Van der Hasselt (53yo)

    Non-Executive Director

    • Compensation: 6.88k
  • Willy Pintens (73yo)

    MD, Executive Director & Member of Management Board

    • Tenure: 18.3yrs
    • Compensation: 16.75k
  • Brigitte Grouwels (66yo)

    Non-Executive Independent Director

    • Compensation: 17.25k
  • Dirk Ernestus Van den Broeck (63yo)

    MD, Executive Director & Member of Management Board

    • Compensation: 15.25k

Company Information

Care Property Invest NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Care Property Invest NV
  • Ticker: CPINV
  • Exchange: ENXTBR
  • Founded: 1995
  • Industry: residential reits
  • Sector: real estate
  • Market Cap: €552.698m
  • Shares outstanding: 20.39m
  • Website: Click here

Number of Employees


Location

  • Care Property Invest NV
  • Horstebaan 3
  • Schoten
  • Antwerp
  • 2900
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPINVENXTBR (Euronext Brussels)YesCommon SharesBEEURJan 2007
0R6HLSE (London Stock Exchange)YesCommon SharesGBEURJan 2007

Biography

Serviceflats Invest NV, a real estate investment company, builds and finances residences for elderly residents. It engages in the letting of furnished retirement flats with a net floor area of approximatel ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 20:56
End of Day Share Price2019/08/16 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.