Serviceflats Invest NV, a real estate investment company, builds and finances residences for elderly residents.
Established dividend payer with proven track record.
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
Stable Share Price: CPINV's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CPINV exceeded the Belgian REITs industry which returned 1.6% over the past year.
Return vs Market: CPINV exceeded the Belgian Market which returned -18.5% over the past year.
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
1 month ago | Simply Wall StIs Care Property Invest NV's (EBR:CPINV) ROE Of 10% Impressive?
2 months ago | Simply Wall StHere's Why We Think Care Property Invest (EBR:CPINV) Is Well Worth Watching
4 months ago | Simply Wall StThe Care Property Invest (EBR:CPINV) Share Price Has Gained 95% And Shareholders Are Hoping For More
Is Care Property Invest 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: CPINV (€27.7) is trading below our estimate of fair value (€37.02)
Significantly Below Fair Value: CPINV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CPINV is poor value based on its PE Ratio (18.6x) compared to the REITs industry average (13.9x).
PE vs Market: CPINV is poor value based on its PE Ratio (18.6x) compared to the Belgian market (14x).
Price to Earnings Growth Ratio
PEG Ratio: CPINV is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: CPINV is overvalued based on its PB Ratio (2.1x) compared to the BE REITs industry average (1x).
How is Care Property Invest forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CPINV's forecast earnings growth (12% per year) is above the savings rate (1.6%).
Earnings vs Market: CPINV's earnings (12% per year) are forecast to grow slower than the Belgian market (19.1% per year).
High Growth Earnings: CPINV's earnings are forecast to grow, but not significantly.
Revenue vs Market: CPINV's revenue (13.3% per year) is forecast to grow faster than the Belgian market (2.8% per year).
High Growth Revenue: CPINV's revenue (13.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CPINV's Return on Equity is forecast to be low in 3 years time (11.8%).
How has Care Property Invest performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CPINV has a large one-off gain of €11.2M impacting its March 31 2020 financial results.
Growing Profit Margin: CPINV's current net profit margins are higher than last year (85.3%).
Past Earnings Growth Analysis
Earnings Trend: CPINV has become profitable over the past 5 years, growing earnings by 32.8% per year.
Accelerating Growth: CPINV's earnings growth over the past year (39.1%) exceeds its 5-year average (32.8% per year).
Earnings vs Industry: CPINV earnings growth over the past year (39.1%) exceeded the REITs industry 11.1%.
Return on Equity
High ROE: CPINV's Return on Equity (11.7%) is considered low.
How is Care Property Invest's financial position?
Financial Position Analysis
Short Term Liabilities: CPINV's short term assets (€6.0M) do not cover its short term liabilities (€116.7M).
Long Term Liabilities: CPINV's short term assets (€6.0M) do not cover its long term liabilities (€189.8M).
Debt to Equity History and Analysis
Debt Level: CPINV's debt to equity ratio (110.9%) is considered high.
Reducing Debt: CPINV's debt to equity ratio has reduced from 164.5% to 110.9% over the past 5 years.
Debt Coverage: CPINV's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: CPINV's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is Care Property Invest's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CPINV's dividend (2.78%) is higher than the bottom 25% of dividend payers in the Belgian market (2.42%).
High Dividend: CPINV's dividend (2.78%) is low compared to the top 25% of dividend payers in the Belgian market (5.76%).
Stability and Growth of Payments
Stable Dividend: CPINV's dividends per share have been stable in the past 10 years.
Growing Dividend: CPINV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.5%), CPINV's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CPINV's dividends in 3 years are forecast to be thoroughly covered by earnings (3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Peter Van Heukelom (64yo)
Mr. Peter Van Heukelom serves as CEO at Care Property Invest NV and also serves as its Chairman of the Board since 2019. He served as the General Manager at Care Property Invest since April 1, 2010 and ser ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD591.32K) is about average for companies of similar size in the Belgian market ($USD588.05K).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
|Chairman & CEO||no data||€531.89k||no data|
|Executive Director||19yrs||€16.75k||no data|
|Executive Director||no data||€15.25k||no data|
|Chairman of the Board||no data||€26.50k||no data|
|Non-Executive Director||16yrs||€7.38k||no data|
|Non-Executive Independent Director||no data||€17.75k||no data|
|Non-Executive Director||9yrs||€6.88k||no data|
|Non-Executive Independent Director||no data||€17.25k||no data|
|Non-Executive Independent Director||no data||€16.75k||no data|
|Non-Executive Director||no data||€6.88k||no data|
Experienced Board: CPINV's board of directors are seasoned and experienced ( 12.5 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 7.8%.
Care Property Invest NV's company bio, employee growth, exchange listings and data sources
- Name: Care Property Invest NV
- Ticker: CPINV
- Exchange: ENXTBR
- Founded: 1995
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: €599.546m
- Shares outstanding: 21.64m
- Website: https://carepropertyinvest.be
Number of Employees
- Care Property Invest NV
- Horstebaan 3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CPINV||ENXTBR (Euronext Brussels)||Yes||Common Shares||BE||EUR||Jan 2007|
|0R6H||LSE (London Stock Exchange)||Yes||Common Shares||GB||EUR||Jan 2007|
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 approximately 54 square meters. The company is based in Antwerpen, Belgium.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 23:08|
|End of Day Share Price||2020/05/29 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.