ENXTBR:XIOR

Stock Analysis Report

Executive Summary

Xior Student Housing NV is the first Belgian public regulated real estate company (RREC) specialising in the student housing segment in Belgium, the Netherlands, Spain and Portugal.

Snowflake

Fundamentals

Reasonable growth potential with proven track record.

Risks

  • Xior Student Housing is covered by less than 3 analysts.

Share Price & News

How has Xior Student Housing's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

ENXTBR:XIOR

1.3%

BE REITs

-1.1%

BE Market


1 Year Return

21.5%

ENXTBR:XIOR

17.7%

BE REITs

-5.2%

BE Market

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

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


Share holder returns

XIORIndustryMarket
7 Day-1.1%1.3%-1.1%
30 Day-0.2%1.9%1.4%
90 Day6.4%8.4%4.8%
1 Year24.1%21.5%23.3%17.7%-3.1%-5.2%
3 Year52.2%28.9%37.7%20.1%-4.5%-11.3%
5 Yearn/a83.0%47.1%22.4%7.6%

Price Volatility Vs. Market

How volatile is Xior Student Housing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Xior Student Housing undervalued based on future cash flows and its price relative to the stock market?

34.69x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

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

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


Price Based on Earnings

Xior Student Housing is overvalued based on earnings compared to the BE REITs industry average.

Xior Student Housing is overvalued based on earnings compared to the Belgium market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Xior Student Housing, we can't assess if its growth is good value.


Price Based on Value of Assets

Xior Student Housing is overvalued based on assets compared to the BE REITs industry average.


Next Steps

Future Growth

How is Xior Student Housing expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Xior Student Housing's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).

Xior Student Housing's earnings are expected to grow significantly at over 20% yearly.

Xior Student Housing's revenue growth is expected to exceed the Belgium market average.

Xior Student Housing's earnings growth is expected to exceed the Belgium market average.

Xior Student Housing's earnings growth is expected to exceed the low risk savings rate of 0.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Xior Student Housing is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Xior Student Housing performed over the past 5 years?

43.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Xior Student Housing has delivered over 20% year on year earnings growth in the past 5 years.

Xior Student Housing's 1-year earnings growth exceeds its 5-year average (212.8% vs 43.3%)

Xior Student Housing's earnings growth has exceeded the BE REITs industry average in the past year (212.8% vs 8.8%).


Return on Equity

Xior Student Housing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Xior Student Housing used its assets less efficiently than the BE REITs industry average last year based on Return on Assets.


Return on Capital Employed

Xior Student Housing has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Xior Student Housing's financial position?


Financial Position Analysis

Xior Student Housing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Xior Student Housing's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Xior Student Housing's level of debt (129.8%) compared to net worth is high (greater than 40%).

Unable to establish if Xior Student Housing's debt level has increased without past 5-year debt data.

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 10.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

What is Xior Student Housing's current dividend yield, its reliability and sustainability?

3.10%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Xior Student Housing's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.26%).

Xior Student Housing's dividend is below the markets top 25% of dividend payers in Belgium (4.76%).

Whilst dividend payments have been stable, Xior Student Housing has been paying a dividend for less than 10 years.

Dividend payments have increased, but Xior Student Housing only paid a dividend in the past 2 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.3x coverage).


Next Steps

Management

What is the CEO of Xior Student Housing's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average board tenure


CEO

Christian Teunissen (46yo)

3.8yrs

Tenure

€450,000

Compensation

Mr. Christian Teunissen has been Chief Executive Officer and Executive Director at Xior Student Housing NV since November 25, 2015 and has been its Executive Director since November 23, 2015. He holds his  ...


CEO Compensation Analysis

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

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


Board Age and Tenure

3.8yrs

Average Tenure

48yo

Average Age

The tenure for the Xior Student Housing board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Christian Teunissen (46yo)

    CEO & Executive Director

    • Tenure: 3.8yrs
    • Compensation: 450.00k
  • Frederik Snauwaert (39yo)

    CFO & Executive Director

    • Tenure: 7.6yrs
    • Compensation: 7.50k
  • Sandra Aznar

    Head of IR


Board Members

  • Joost Uwents (50yo)

    Non-Executive Independent Director

    • Tenure: 3.8yrs
    • Compensation: 29.00k
  • Leen Van den Neste (53yo)

    Chairwoman of the Board

    • Tenure: 3.8yrs
    • Compensation: 29.00k
  • Wilfried Neven (53yo)

    Non-Executive Independent Director

    • Tenure: 3.8yrs
    • Compensation: 28.25k
  • Christian Teunissen (46yo)

    CEO & Executive Director

    • Tenure: 3.8yrs
    • Compensation: 450.00k
  • Frederik Snauwaert (39yo)

    CFO & Executive Director

    • Tenure: 3.8yrs
    • Compensation: 7.50k
  • Wouter De Maeseneire (42yo)

    Non-Executive Independent Director

    • Tenure: 3.8yrs
    • Compensation: 29.00k

Company Information

Xior Student Housing NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Xior Student Housing NV
  • Ticker: XIOR
  • Exchange: ENXTBR
  • Founded: 2007
  • Industry: residential reits
  • Sector: real estate
  • Market Cap: €657.223m
  • Shares outstanding: 14.35m
  • Website: Click here

Number of Employees


Location

  • Xior Student Housing NV
  • Mechelsesteenweg 34
  • bus 108
  • Antwerp
  • Antwerp
  • 2018
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XIORENXTBR (Euronext Brussels)YesShare CapitalBEEURDec 2015
5XRDB (Deutsche Boerse AG)YesShare CapitalDEEURDec 2015
0RD8LSE (London Stock Exchange)YesShare CapitalGBEURDec 2015

Biography

Xior Student Housing NV is the first Belgian public regulated real estate company (RREC) specialising in the student housing segment in Belgium, the Netherlands, Spain and Portugal. Within this property se ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 22:01
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
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.