Home Invest Belgium S.A. operates as a real estate investment company in Belgium.
Fair value unattractive dividend payer.
Share Price & News
How has Home Invest Belgium's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HOMI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HOMI exceeded the Belgian REITs industry which returned -4.9% over the past year.
Return vs Market: HOMI exceeded the Belgian Market which returned -28.5% over the past year.
Price Volatility Vs. Market
How volatile is Home Invest Belgium's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StWhat Kind Of Shareholder Appears On The Home Invest Belgium S.A.'s (EBR:HOMI) Shareholder Register?
8 months ago | Simply Wall StIf You Like EPS Growth Then Check Out Home Invest Belgium (EBR:HOMI) Before It's Too Late
8 months ago | Simply Wall StDo Directors Own Home Invest Belgium S.A. (EBR:HOMI) Shares?
Is Home Invest Belgium 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: HOMI (€102.5) is trading below our estimate of fair value (€105.68)
Significantly Below Fair Value: HOMI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HOMI is good value based on its PE Ratio (6.1x) compared to the REITs industry average (11x).
PE vs Market: HOMI is good value based on its PE Ratio (6.1x) compared to the Belgian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HOMI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HOMI is overvalued based on its PB Ratio (1.1x) compared to the BE REITs industry average (1x).
How is Home Invest Belgium forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if HOMI's forecast earnings growth is above the savings rate (0.7%).
Earnings vs Market: Insufficient data to determine if HOMI's earnings are forecast to grow faster than the Belgian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HOMI's revenue (4.8% per year) is forecast to grow faster than the Belgian market (2.2% per year).
High Growth Revenue: HOMI's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HOMI's Return on Equity is forecast to be low in 3 years time (11%).
How has Home Invest Belgium performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HOMI has a large one-off gain of €43.2M impacting its December 31 2019 financial results.
Growing Profit Margin: HOMI's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: HOMI's earnings have grown significantly by 39.2% per year over the past 5 years.
Accelerating Growth: HOMI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HOMI had negative earnings growth (-19.3%) over the past year, making it difficult to compare to the REITs industry average (17.2%).
Return on Equity
High ROE: HOMI's Return on Equity (17.9%) is considered low.
How is Home Invest Belgium's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: HOMI has a high level of physical assets or inventory.
Debt Coverage by Assets: HOMI's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: HOMI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HOMI has a sufficient allowance for bad loans.
Low Risk Liabilities: HOMI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HOMI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HOMI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HOMI has an appropriate level of bad loans.
What is Home Invest Belgium's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HOMI's dividend (4.73%) is higher than the bottom 25% of dividend payers in the Belgian market (2.67%).
High Dividend: HOMI's dividend (4.73%) is low compared to the top 25% of dividend payers in the Belgian market (6.32%).
Stability and Growth of Payments
Stable Dividend: HOMI's dividend payments have been volatile in the past 10 years.
Growing Dividend: HOMI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (123.9%), HOMI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HOMI's dividends in 3 years are not forecast to be well covered by earnings (134.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sven Janssens (47yo)
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 Leasi ...
CEO Compensation Analysis
Compensation vs Market: Sven's total compensation ($USD497.09K) is about average for companies of similar size in the Belgian market ($USD482.54K).
Compensation vs Earnings: Insufficient data to compare Sven's compensation with company performance.
|CEO & Executive Director||1yr||€448.33k||no data|
|Chief Finance Officer||1.17yrs||no data||no data|
|Compliance Officer||5.75yrs||no data||no data|
Experienced Management: HOMI's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
|CEO & Executive Director||1yr||€448.33k||no data|
|Independent Director||8.83yrs||€11.00k||no data|
|Independent Vice-Chairman||3.83yrs||€23.75k||no data|
|Honorary Chairman||8.83yrs||no data||no data|
|Honorary Chairman||6.33yrs||€7.90k||no data|
|Honorary Chairman||3.83yrs||no data||no data|
|Chairman of the Board||3.83yrs||€29.25k||0.026% €91.0k|
|Representative Director||9.58yrs||€21.50k||0.037% €128.6k|
|Representative Director||6yrs||€11.75k||no data|
|Independent Director||0.75yr||no data||no data|
Experienced Board: HOMI's board of directors are considered experienced (4.9 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 not been meaningfully diluted in the past year.
Home Invest Belgium S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Home Invest Belgium S.A.
- Ticker: HOMI
- Exchange: ENXTBR
- Founded: 1980
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: €343.611m
- Shares outstanding: 3.29m
- Website: https://www.homeinvestbelgium.be
Number of Employees
- Home Invest Belgium S.A.
- Boulevard de la Woluwe 60
- Box no. 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HOMI||ENXTBR (Euronext Brussels)||Yes||Common Stock||BE||EUR||Jan 2007|
|H5V||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 2007|
|0NGP||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Jan 2007|
|HOMIB||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||EUR||Jan 2007|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 21:44|
|End of Day Share Price||2020/03/30 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.