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Home Invest Belgium

ENXTBR:HOMI
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HOMI
ENXTBR
€323M
Market Cap
  1. Home
  2. BE
  3. Real Estate
Company description

Home Invest Belgium S.A. operates as a real estate investment company in Belgium. The last earnings update was 102 days ago. More info.


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HOMI Share Price and Events
7 Day Returns
-2.8%
ENXTBR:HOMI
1.3%
BE REITs
-1.1%
BE Market
1 Year Returns
12.6%
ENXTBR:HOMI
17.7%
BE REITs
-5.2%
BE Market
HOMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Home Invest Belgium (HOMI) -2.8% -4.2% 2.3% 12.6% -1.8% 15.2%
BE REITs 1.3% 1.9% 8.4% 17.7% 20.1% 47.1%
BE Market -1.1% 1.3% 4.8% -5.2% -11.3% 7.6%
1 Year Return vs Industry and Market
  • HOMI underperformed the REITs industry which returned 17.7% over the past year.
  • HOMI outperformed the Market in Belgium which returned -5.2% over the past year.
Price Volatility
HOMI
Industry
5yr Volatility vs Market

HOMI Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Home Invest Belgium to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Home Invest Belgium.

ENXTBR:HOMI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-03-31) in EUR € 5.1875
Payout Ratio Company Filings (2019-03-31) 7562%
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year BE Government Bond Rate 0.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTBR:HOMI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BE Govt Bond Rate 0.8%
Equity Risk Premium S&P Global 6.8%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.474 (1 + (1- 29%) (84.53%))
0.629
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (0.8 * 6.8%)
6.21%

Discounted Cash Flow Calculation for ENXTBR:HOMI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Home Invest Belgium is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ENXTBR:HOMI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €5.19 / (6.21% - 0.77%)
€95.36
ENXTBR:HOMI Discount to Share Price
Calculation Result
Value per share (EUR) From above. €95.36
Current discount Discount to share price of €98.20
= -1 x (€98.20 - €95.36) / €95.36
-3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Home Invest Belgium is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Home Invest Belgium's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Home Invest Belgium's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:HOMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €29.41
ENXTBR:HOMI Share Price ** ENXTBR (2019-08-16) in EUR €98.2
Belgium REITs Industry PE Ratio Median Figure of 15 Publicly-Listed REITs Companies 15.51x
Belgium Market PE Ratio Median Figure of 88 Publicly-Listed Companies 14.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Home Invest Belgium.

ENXTBR:HOMI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:HOMI Share Price ÷ EPS (both in EUR)

= 98.2 ÷ 29.41

3.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Home Invest Belgium is good value based on earnings compared to the BE REITs industry average.
  • Home Invest Belgium is good value based on earnings compared to the Belgium market.
Price based on expected Growth
Does Home Invest Belgium's expected growth come at a high price?
Raw Data
ENXTBR:HOMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-75%per year
Belgium REITs Industry PEG Ratio Median Figure of 7 Publicly-Listed REITs Companies 1.07x
Belgium Market PEG Ratio Median Figure of 40 Publicly-Listed Companies 1.78x

*Line of best fit is calculated by linear regression .

ENXTBR:HOMI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.34x ÷ -75%

-0.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Home Invest Belgium earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Home Invest Belgium's assets?
Raw Data
ENXTBR:HOMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €81.81
ENXTBR:HOMI Share Price * ENXTBR (2019-08-16) in EUR €98.2
Belgium REITs Industry PB Ratio Median Figure of 16 Publicly-Listed REITs Companies 1.32x
Belgium Market PB Ratio Median Figure of 119 Publicly-Listed Companies 1.53x
ENXTBR:HOMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:HOMI Share Price ÷ Book Value per Share (both in EUR)

= 98.2 ÷ 81.81

1.2x

* Primary Listing of Home Invest Belgium.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Home Invest Belgium is good value based on assets compared to the BE REITs industry average.
X
Value checks
We assess Home Invest Belgium's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Home Invest Belgium has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HOMI Future Performance

 How is Home Invest Belgium expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-75%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Home Invest Belgium expected to grow at an attractive rate?
  • Home Invest Belgium's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.8%.
Growth vs Market Checks
  • Home Invest Belgium's earnings are expected to decrease over the next 1-3 years, this is below the Belgium market average.
  • Home Invest Belgium's revenue growth is expected to exceed the Belgium market average.
Annual Growth Rates Comparison
Raw Data
ENXTBR:HOMI Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTBR:HOMI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -75%
ENXTBR:HOMI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.9%
Belgium REITs Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Belgium REITs Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 7.5%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTBR:HOMI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:HOMI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 30 13 1
2020-12-31 28 13 1
2019-12-31 25 11 1
ENXTBR:HOMI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 26 97
2018-12-31 25 10 69
2018-09-30 25 10 49
2018-06-30 25 9 30
2018-03-31 24 11
2017-12-31 23 7 12
2017-09-30 22 10 17
2017-06-30 21 13 22
2017-03-31 21 16 20
2016-12-31 20 19 18
2016-09-30 19 14 15
2016-06-30 19 9 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Home Invest Belgium's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Home Invest Belgium's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTBR:HOMI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Home Invest Belgium Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:HOMI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 10.78 10.78 10.78 1.00
2020-12-31 10.02 10.02 10.02 1.00
2019-12-31 16.28 16.28 16.28 1.00
ENXTBR:HOMI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 29.41
2018-12-31 20.92
2018-09-30 14.83
2018-06-30 9.11
2018-03-31 3.45
2017-12-31 3.71
2017-09-30 5.35
2017-06-30 7.02
2017-03-31 6.35
2016-12-31 5.69
2016-09-30 4.78
2016-06-30 3.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Home Invest Belgium is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Home Invest Belgium's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Belgium market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Belgium market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Home Invest Belgium has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HOMI Past Performance

  How has Home Invest Belgium performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Home Invest Belgium's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Home Invest Belgium has delivered over 20% year on year earnings growth in the past 5 years.
  • Home Invest Belgium's 1-year earnings growth exceeds its 5-year average (768.2% vs 29.7%)
  • Home Invest Belgium's earnings growth has exceeded the BE REITs industry average in the past year (768.2% vs 8.8%).
Earnings and Revenue History
Home Invest Belgium's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Home Invest Belgium Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:HOMI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 25.73 96.69 1.01
2018-12-31 25.04 68.78 1.01
2018-09-30 24.85 48.55 1.07
2018-06-30 24.67 29.71 1.13
2018-03-31 23.57 11.14 0.94
2017-12-31 23.42 11.82 1.12
2017-09-30 22.45 16.96 0.95
2017-06-30 21.47 22.10 0.78
2017-03-31 20.60 20.00 0.86
2016-12-31 19.73 17.91 0.94
2016-09-30 19.38 15.04 0.94
2016-06-30 19.04 12.18 0.93
2016-03-31 18.81 13.74 0.91
2015-12-31 18.58 15.31 0.89
2015-09-30 18.80 14.68 0.93
2015-06-30 19.01 14.05 0.97
2015-03-31 19.40 14.99 0.96
2014-12-31 19.79 15.94 0.95
2014-09-30 20.16 20.50 0.89
2014-06-30 20.54 25.06 0.83
2014-03-31 20.32 24.98 0.76
2013-12-31 20.11 24.91 0.68
2013-09-30 19.32 20.02 0.65
2013-06-30 18.53 15.12 0.62
2013-03-31 17.94 13.38 0.63
2012-12-31 17.34 11.63 0.65
2012-09-30 17.15 11.56 0.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Home Invest Belgium has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Home Invest Belgium used its assets more efficiently than the BE REITs industry average last year based on Return on Assets.
  • Home Invest Belgium's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Home Invest Belgium's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Home Invest Belgium has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HOMI Health

 How is Home Invest Belgium's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Home Invest Belgium's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Home Invest Belgium's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Home Invest Belgium's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Home Invest Belgium's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Home Invest Belgium Company Filings, last reported 4 months ago.

ENXTBR:HOMI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 269.00 272.95 3.24
2018-12-31 269.00 272.95 3.24
2018-09-30 269.00 272.95 3.24
2018-06-30 238.08 239.91 2.28
2018-03-31 215.56 242.81 7.18
2017-12-31 215.56 242.81 7.18
2017-09-30 215.56 242.81 7.18
2017-06-30 212.35 217.28 3.68
2017-03-31 212.35 217.28 3.68
2016-12-31 205.20 201.49 3.44
2016-09-30 205.20 201.49 3.44
2016-06-30 203.00 165.10 2.58
2016-03-31 203.00 165.10 2.58
2015-12-31 200.19 154.62 2.49
2015-09-30 200.19 154.62 2.49
2015-06-30 204.11 133.15 1.59
2015-03-31 204.11 133.15 1.59
2014-12-31 208.22 109.63 4.93
2014-09-30 208.22 109.63 4.93
2014-06-30 201.55 128.47 2.75
2014-03-31 201.55 128.47 2.75
2013-12-31 195.03 121.75 3.88
2013-09-30 195.03 121.75 3.88
2013-06-30 178.76 117.72 5.32
2013-03-31 178.76 117.72 5.32
2012-12-31 178.72 80.71 2.63
2012-09-30 178.72 80.71 2.63
  • Home Invest Belgium's level of debt (101.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (63.7% vs 101.5% today).
  • Debt is not well covered by operating cash flow (3.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Home Invest Belgium's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Home Invest Belgium has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HOMI Dividends

 What is Home Invest Belgium's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.84%
Current annual income from Home Invest Belgium dividends. Estimated to be 5.28% next year.
If you bought €2,000 of Home Invest Belgium shares you are expected to receive €97 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Home Invest Belgium's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.26%).
  • Home Invest Belgium's dividend is above the markets top 25% of dividend payers in Belgium (4.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTBR:HOMI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Belgium REITs Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 4.1%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.5%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.4%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.3%
Belgium Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTBR:HOMI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.50 1.00
2020-12-31 5.25 1.00
2019-12-31 5.00 2.00
ENXTBR:HOMI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 4.750 4.845
2019-02-21 4.750 4.878
2018-03-29 4.500 5.042
2018-02-22 4.500 5.316
2017-03-21 4.250 4.548
2017-02-23 4.250 4.433
2016-04-04 4.000 4.040
2016-02-25 4.000 4.139
2015-09-04 7.500 8.229
2015-03-25 3.750 4.260
2015-02-27 3.750 3.987
2014-04-03 3.500 4.193
2014-02-28 3.500 4.409
2013-03-01 3.250 4.253
2012-03-01 3.000 4.309
2011-05-03 2.750 4.278
2010-04-01 2.430 4.162
2009-07-30 2.430 4.585
2009-03-06 2.430 5.241
2008-12-31 2.430 5.274

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Home Invest Belgium's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.7x coverage).
X
Income/ dividend checks
We assess Home Invest Belgium's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Home Invest Belgium afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Home Invest Belgium has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HOMI Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sven Janssens
COMPENSATION €618,325
AGE 47
TENURE AS CEO 0.4 years
CEO Bio

Mr. Sven Janssens serves as Chief Executive Officer at Home Invest Belgium S.A. since March 2019 and also has been its Executive Director since 2019. Mr. Janssens served as Chief Operating Officer of Leasinvest Real Estate Management SA, statutory manager of Leasinvest Real Estate SCA until 2018. Mr. Janssens is a permanent repre- sentative of OKIMONO BVBA. Mr. Janssens started with Leasinvest Real Estate Management SA over 10 years ago and who has more than 20 years of experience in property management and previously worked at Immo- bel. He is employed by Haven Invest NV, Leasinvest Ser- vices NV, P. Invest SA, Porte des Ardennes Pommerlach SA, Porte des Ardennes Schmiede S.à.r.l., S.Invest I SA and T&T Koninklijk Pakhuis NV.

CEO Compensation
  • Insufficient data for Sven to compare compensation growth.
  • Sven's remuneration is about average for companies of similar size in Belgium.
Management Team Tenure

Average tenure of the Home Invest Belgium management team in years:

0.4
Average Tenure
  • The average tenure for the Home Invest Belgium management team is less than 2 years, this suggests a new team.
Management Team

Sven Janssens

TITLE
CEO & Executive Director
COMPENSATION
€618K
AGE
47
TENURE
0.4 yrs

Preben Bruggeman

TITLE
Chief Finance Officer
AGE
35
TENURE
0.6 yrs

Gwen Vreven

TITLE
Investment & Development Director
TENURE
0.4 yrs

Caroline Maddens

TITLE
Compliance Officer
Board of Directors Tenure

Average tenure and age of the Home Invest Belgium board of directors in years:

4.4
Average Tenure
57.5
Average Age
  • The tenure for the Home Invest Belgium board of directors is about average.
Board of Directors

Liévin Van Overstraeten

TITLE
Chairman of the Board
COMPENSATION
€29K
AGE
63
TENURE
3.3 yrs

Sven Janssens

TITLE
CEO & Executive Director
COMPENSATION
€618K
AGE
47
TENURE
0.6 yrs

Eric Spiessens

TITLE
Vice-Chairman
COMPENSATION
€24K
AGE
59
TENURE
3.3 yrs

Michel Pleeck

TITLE
Honorary Chairman
TENURE
8.3 yrs

Guillaume Botermans

TITLE
Honorary Chairman
AGE
57
TENURE
3.3 yrs

Guy Van Wymersch-Moons

TITLE
Honorary Chairman
COMPENSATION
€8K
AGE
61
TENURE
5.8 yrs

Johan Overstraeten

TITLE
Representative Director
COMPENSATION
€22K
AGE
58
TENURE
9 yrs

Koen Dejonckheere

TITLE
Independent Director
COMPENSATION
€11K
AGE
50
TENURE
8.3 yrs

Wim Aurousseau

TITLE
Representative Director
COMPENSATION
€12K
AGE
48
TENURE
5.5 yrs

Suzy Denys

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Home Invest Belgium's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Home Invest Belgium has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HOMI News

Simply Wall St News

Do Directors Own Home Invest Belgium S.A. (EBR:HOMI) Shares?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Home Invest Belgium is a smaller company with a market capitalization of €319m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Home Invest Belgium ENXTBR:HOMI Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Home Invest Belgium? … Insider Ownership Of Home Invest Belgium The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Home Invest Belgium (EBR:HOMI) Seems To Use Debt Quite Sensibly

ENXTBR:HOMI Historical Debt, June 21st 2019 A Look At Home Invest Belgium's Liabilities According to the last reported balance sheet, Home Invest Belgium had liabilities of €7.78m due within 12 months, and liabilities of €274.3m due beyond 12 months. … This deficit is considerable relative to its market capitalization of €326.2m, so it does suggest shareholders should keep an eye on Home Invest Belgium's use of debt. … Either way, since Home Invest Belgium does have more debt than cash, it's worth keeping an eye on its balance sheet.

Simply Wall St -

Is Home Invest Belgium S.A.'s (EBR:HOMI) ROE Of 36% Impressive?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Home Invest Belgium: 36% = €97m ÷ €269m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Home Invest Belgium's Debt And Its 36% ROE Home Invest Belgium does use a significant amount of debt to increase returns. … Companies that can achieve high returns on equity without too much debt are generally of good quality.

Simply Wall St -

Is Home Invest Belgium S.A. (EBR:HOMI) A Good Dividend Stock?

In the last year, Home Invest Belgium paid out 142% of its profit as dividends. … Home Invest Belgium has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Home Invest Belgium has grown its earnings per share at 21% per annum over the past five years. The company has been growing its EPS at a very rapid rate, while paying out virtually all of its income as dividends. While EPS could grow fast enough to make the dividend sustainable, in this type of situation, we'd want to pay extra attention to any fragilities in the company's balance sheet. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

With EPS Growth And More, Home Invest Belgium (EBR:HOMI) Is Interesting

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Home Invest Belgium (EBR:HOMI). … Check out our latest analysis for Home Invest Belgium. … The good news is that Home Invest Belgium is growing revenues, and EBIT margins improved by 5.9 percentage points to 61%, over the last year.

Simply Wall St -

What Kind Of Shareholder Owns Most Home Invest Belgium S.A. (EBR:HOMI) Stock?

A look at the shareholders of Home Invest Belgium S.A. … With a market capitalization of €327m, Home Invest Belgium is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Home Invest Belgium

Simply Wall St -

Investing In Home Invest Belgium S.A. (EBR:HOMI): What You Need To Know

Home Invest Belgium S.A. … real estate investment trust (REIT) based in Brussels, Belgium. … See our latest analysis for Home Invest Belgium

Simply Wall St -

Is Home Invest Belgium S.A.'s (EBR:HOMI) 12% Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Home Invest Belgium S.A. … Our data shows Home Invest Belgium has a return on equity of 12% for the last year.

Simply Wall St -

Do Insiders Own Shares In Home Invest Belgium S.A. (EBR:HOMI)?

If you want to know who really controls Home Invest Belgium S.A. … Home Invest Belgium is a smaller company with a market capitalization of €300m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Home Invest Belgium

Simply Wall St -

How Should You Analyze REIT Stock Home Invest Belgium SA (EBR:HOMI)?

Home Invest Belgium SA is a €303m. … real estate investment trust (REIT) based in Brussels, Belgium. … View our latest analysis for Home Invest Belgium

Simply Wall St -

HOMI Company Info

Description

Home Invest Belgium S.A. operates as a real estate investment company in Belgium. It primarily invests in residential properties. As of December 31, 2008, the company’s real estate portfolio consisted of 992 rental units with a total rentable space of approximately 111,091 square meters. The company was formerly known as Home Invest and changed its name to Home Invest Belgium S.A. in May 1999. Home Invest Belgium S.A. was founded in 1980 and is based in Brussels, Belgium.

Details
Name: Home Invest Belgium S.A.
HOMI
Exchange: ENXTBR
Founded: 1980
€322,895,937
3,288,146
Website: http://www.homeinvestbelgium.be
Address: Home Invest Belgium S.A.
Boulevard de la Woluwe 60,
Box no. 4,
Brussels,
Brussels, 1200,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR HOMI Common Stock Euronext Brussels BE EUR 24. Jan 2007
DB H5V Common Stock Deutsche Boerse AG DE EUR 24. Jan 2007
LSE 0NGP Common Stock London Stock Exchange GB EUR 24. Jan 2007
BATS-CHIXE HOMIB Common Stock BATS 'Chi-X Europe' GB EUR 24. Jan 2007
Number of employees
Current staff
Staff numbers
41
Home Invest Belgium employees.
Industry
Residential REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 20:57
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/07/25
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.