ENXTBR:XIOR

Stock Analysis Report

Executive Summary

Xior Student Housing NV is the first Belgian public GVV, specializing in the student housing segment in Belgium, the Netherlands, Spain and Portugal.


Snowflake Analysis

Unattractive dividend payer with concerning outlook.

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

Stable Share Price: XIOR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.4%

XIOR

8.0%

BE REITs

1.2%

BE Market


1 Year Return

-11.1%

XIOR

-4.9%

BE REITs

-28.5%

BE Market

Return vs Industry: XIOR underperformed the Belgian REITs industry which returned -4.9% over the past year.

Return vs Market: XIOR exceeded the Belgian Market which returned -28.5% over the past year.


Shareholder returns

XIORIndustryMarket
7 Day5.4%8.0%1.2%
30 Day-25.9%-16.3%-16.9%
90 Day-22.8%-15.4%-30.7%
1 Year-9.5%-11.1%-1.9%-4.9%-27.1%-28.5%
3 Year27.4%7.7%27.2%11.9%-34.4%-38.7%
5 Yearn/a41.5%14.6%-34.5%-42.1%

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 compared to its fair value and its price relative to the market?

76.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: XIOR (€39) is trading above our estimate of fair value (€29.69)

Significantly Below Fair Value: XIOR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: XIOR is poor value based on its PE Ratio (76.4x) compared to the REITs industry average (11x).

PE vs Market: XIOR is poor value based on its PE Ratio (76.4x) compared to the Belgian market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate XIOR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: XIOR is overvalued based on its PB Ratio (1.2x) compared to the BE REITs industry average (1x).


Next Steps

Future Growth

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

6.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if XIOR's forecast earnings growth is above the savings rate (0.7%).

Earnings vs Market: Insufficient data to determine if XIOR'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: XIOR's revenue (6.1% per year) is forecast to grow faster than the Belgian market (2.2% per year).

High Growth Revenue: XIOR's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: XIOR's Return on Equity is forecast to be low in 3 years time (13%).


Next Steps

Past Performance

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

29.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XIOR has a large one-off gain of €8.9M impacting its December 31 2019 financial results.

Growing Profit Margin: XIOR's current net profit margins (14.4%) are lower than last year (43.9%).


Past Earnings Growth Analysis

Earnings Trend: XIOR's earnings have grown significantly by 29.6% per year over the past 5 years.

Accelerating Growth: XIOR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: XIOR had negative earnings growth (-52.4%) over the past year, making it difficult to compare to the REITs industry average (17.2%).


Return on Equity

High ROE: XIOR's Return on Equity (1.2%) is considered low.


Next Steps

Financial Health

How is Xior Student Housing's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: XIOR has a high level of physical assets or inventory.

Debt Coverage by Assets: XIOR's debt is not covered by short term assets (assets are 0x debt).


Financial Institutions Analysis

Asset Level: XIOR's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if XIOR has a sufficient allowance for bad loans.

Low Risk Liabilities: XIOR reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if XIOR has an acceptable proportion of non-loan assets held.

Low Risk Deposits: XIOR has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if XIOR has an appropriate level of bad loans.


Next Steps

Dividend

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

3.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: XIOR's dividend (3.33%) is higher than the bottom 25% of dividend payers in the Belgian market (2.67%).

High Dividend: XIOR's dividend (3.33%) is low compared to the top 25% of dividend payers in the Belgian market (6.32%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, XIOR has been paying a dividend for less than 10 years.

Growing Dividend: XIOR's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: XIOR is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: XIOR's dividends in 3 years are forecast to be covered by earnings (78.7% payout ratio).


Next Steps

Management

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

4.3yrs

Average board tenure


CEO

Christian Teunissen (46yo)

4.33s

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

Compensation vs Market: Christian's total compensation ($USD498.95K) is about average for companies of similar size in the Belgian market ($USD594.24K).

Compensation vs Earnings: Christian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Christian Teunissen
CEO & Executive Director4.33yrs€450.00kno data
Frederik Snauwaert
CFO & Executive Director4.33yrs€7.50kno data
Joost Uwents
Non-Executive Independent Director4.33yrs€29.00kno data
Kathleen Van den Neste
Independent Chairwoman of the Board4.33yrs€29.00kno data
Wilfried Neven
Non-Executive Independent Director4.33yrs€28.25kno data
Wouter De Maeseneire
Non-Executive Independent Director4.33yrs€29.00kno data

4.3yrs

Average Tenure

48yo

Average Age

Experienced Board: XIOR's board of directors are considered experienced (4.3 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 35%.


Top Shareholders

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: €746.192m
  • Shares outstanding: 19.13m
  • Website: https://www.xior.be

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
XIORBBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURDec 2015
0RD8LSE (London Stock Exchange)YesShare CapitalGBEURDec 2015

Biography

Xior Student Housing NV is the first Belgian public GVV, specializing in the student housing segment in Belgium, the Netherlands, Spain and Portugal. Within this real estate segment, Xior Student Housing offers a variety of properties, ranging from rooms with communal amenities, rooms with its own plumbing to fully equipped studios. Xior Student Housing has been building quality and reliable student houses for students since 2007 in search of a place where they can study, live and live in ideal conditions. A kot with just that little bit more, where every student feels right at home. Xior Student Housing has been licensed as public GVV under Belgian law since 24 November 2015. The shares of Xior Student Housing have been listed on Euronext Brussels (XIOR) since 11 December 2015. On the date of 31 December 2019, Xior Student Housing will make available a real estate portfolio worth approximately EUR 1.19 billion. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 00:07
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.