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HOMI

Home Invest Belgium ENXTBR:HOMI Stock Report

Last Price

€24.64

Market Cap

€438.2m

7D

-12.5%

1Y

2.6%

Updated

24 Sep, 2022

Data

Company Financials
HOMI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends4/6

HOMI Stock Overview

Home Invest Belgium S.A. operates as a real estate investment company in Belgium.

Home Invest Belgium Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Home Invest Belgium
Historical stock prices
Current Share Price€24.64
52 Week High€29.54
52 Week Low€21.70
Beta0.30
1 Month Change9.95%
3 Month Change11.93%
1 Year Change2.65%
3 Year Change3.51%
5 Year Change31.95%
Change since IPO113.48%

Recent News & Updates

Shareholder Returns

HOMIBE REITsBE Market
7D-12.5%-10.7%-4.2%
1Y2.6%-28.5%-14.7%

Return vs Industry: HOMI exceeded the Belgian REITs industry which returned -28.5% over the past year.

Return vs Market: HOMI exceeded the Belgian Market which returned -14.7% over the past year.

Price Volatility

Is HOMI's price volatile compared to industry and market?
HOMI volatility
HOMI Average Weekly Movement6.6%
REITs Industry Average Movement3.9%
Market Average Movement4.7%
10% most volatile stocks in BE Market7.8%
10% least volatile stocks in BE Market2.7%

Stable Share Price: HOMI is more volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HOMI's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Belgian stocks.

About the Company

FoundedEmployeesCEOWebsite
198044Sven Janssenshttps://www.homeinvestbelgium.be

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.

Home Invest Belgium Fundamentals Summary

How do Home Invest Belgium's earnings and revenue compare to its market cap?
HOMI fundamental statistics
Market Cap€438.15m
Earnings (TTM)€54.34m
Revenue (TTM)€33.72m

8.1x

P/E Ratio

13.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HOMI income statement (TTM)
Revenue€33.72m
Cost of Revenue€6.63m
Gross Profit€27.09m
Other Expenses-€27.25m
Earnings€54.34m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 17, 2022

Earnings per share (EPS)3.06
Gross Margin80.35%
Net Profit Margin161.16%
Debt/Equity Ratio91.4%

How did HOMI perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

64%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HOMI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HOMI?

Other financial metrics that can be useful for relative valuation.

HOMI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue23.6x
Enterprise Value/EBITDA33.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does HOMI's PE Ratio compare to its peers?

HOMI PE Ratio vs Peers
The above table shows the PE ratio for HOMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.6x
CPINV Care Property Invest
5.6x-21.1%€494.9m
XIOR Xior Student Housing
3.6x-23.8%€939.8m
WEHB Wereldhave Belgium
6.7xn/a€399.8m
INTO Intervest Offices & Warehouses
4.9xn/a€564.8m
HOMI Home Invest Belgium
8.1xn/a€438.2m

Price-To-Earnings vs Peers: HOMI is expensive based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (5.6x).


Price to Earnings Ratio vs Industry

How does HOMI's PE Ratio compare vs other companies in the European REITs Industry?

Price-To-Earnings vs Industry: HOMI is expensive based on its Price-To-Earnings Ratio (8.1x) compared to the European REITs industry average (7.6x)


Price to Earnings Ratio vs Fair Ratio

What is HOMI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HOMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HOMI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HOMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HOMI (€24.64) is trading below our estimate of fair value (€35.89)

Significantly Below Fair Value: HOMI is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Home Invest Belgium forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-9.6%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Home Invest Belgium has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Home Invest Belgium is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
  • Home Invest Belgium competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HOMI has a large one-off gain of €36.0M impacting its June 30 2022 financial results.

Growing Profit Margin: HOMI's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: HOMI's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: HOMI's earnings growth over the past year (28.7%) exceeds its 5-year average (6.9% per year).

Earnings vs Industry: HOMI earnings growth over the past year (28.7%) underperformed the REITs industry 112.5%.


Return on Equity

High ROE: HOMI's Return on Equity (13.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Home Invest Belgium's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HOMI's short term assets (€10.2M) do not cover its short term liabilities (€48.1M).

Long Term Liabilities: HOMI's short term assets (€10.2M) do not cover its long term liabilities (€330.3M).


Debt to Equity History and Analysis

Debt Level: HOMI's net debt to equity ratio (90.1%) is considered high.

Reducing Debt: HOMI's debt to equity ratio has reduced from 102.4% to 91.4% over the past 5 years.

Debt Coverage: HOMI's debt is not well covered by operating cash flow (7%).

Interest Coverage: HOMI's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.03%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HOMI's dividend (4.03%) is higher than the bottom 25% of dividend payers in the Belgian market (2.1%).

High Dividend: HOMI's dividend (4.03%) is low compared to the top 25% of dividend payers in the Belgian market (6.85%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (64%), HOMI's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (70.5%), HOMI's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Sven Janssens (50 yo)

3.75yrs

Tenure

€450,671

Compensation

Mr. Sven Janssens serves as Chief Executive Officer at Home Invest Belgium S.A. since December 03, 2018 and has been its Executive Director since December 03, 2018 and serves as its Managing Director. Mr....


CEO Compensation Analysis

Compensation vs Market: Sven's total compensation ($USD438.18K) is about average for companies of similar size in the Belgian market ($USD605.46K).

Compensation vs Earnings: Sven's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HOMI's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: HOMI's board of directors are considered experienced (7.5 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.2%.


Top Shareholders

Top 17 shareholders own 45.09% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
21.61%
Stichting Administratiekantoor Stavos
3,842,765€94.7m0%no data
14.67%
AXA Investment Managers S.A.
2,609,150€64.3m0%0.14%
2.88%
Stavos Luxembourg S.A.
512,875€12.6m0%no data
1.44%
Patricia de Frahan
256,980€6.3m0%no data
1.44%
Serge Van Overtveldt
256,980€6.3m0%no data
1.29%
FMR LLC
228,651€5.6m-0.05%no data
1.02%
KBC Asset Management NV
181,390€4.5m0%0.01%
0.31%
Dimensional Fund Advisors LP
54,594€1.3m1.68%no data
0.25%
Hans Van Overstraeten
43,675€1.1m0%no data
0.041%
Bart Van Overstraeten
7,225€178.0k0%no data
0.035%
Johan Overstraeten
6,155€151.6k0%no data
0.035%
DBX Advisors LLC
6,150€151.5k0.85%no data
0.028%
Liévin Van Overstraeten
5,000€123.2k0%no data
0.025%
GVC Gaesco Gestión SGIIC, S.A.
4,419€108.9k0%0.02%
0.0092%
Sven Janssens
1,630€40.2k0%no data
0.0059%
Preben Bruggeman
1,050€25.9k0%no data
0.00082%
State Street Global Advisors, Inc.
146€3.6k12.31%no data

Company Information

Home Invest Belgium S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Home Invest Belgium S.A.
  • Ticker: HOMI
  • Exchange: ENXTBR
  • Founded: 1980
  • Industry: Residential REITs
  • Sector: Real Estate
  • Implied Market Cap: €438.153m
  • Shares outstanding: 17.79m
  • Website: https://www.homeinvestbelgium.be

Number of Employees


Location

  • Home Invest Belgium S.A.
  • Boulevard de la Woluwe 60
  • Box no. 4
  • Brussels
  • Brussels
  • 1200
  • Belgium


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOMIENXTBR (Euronext Brussels)YesCommon StockBEEURJan 2007
H5V0DB (Deutsche Boerse AG)YesCommon StockDEEURJan 2007
0NGPLSE (London Stock Exchange)YesCommon StockGBEURJan 2007
HOMIBBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 2007

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.