9FM Stock Overview

Specializes in owning business premises in the hotel sector. More details

9FM fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	1/6
Dividends	4/6

Rewards

Trading at 28.5% below our estimate of its fair value

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (17.1%) are lower than last year (56.3%)

Unstable dividend track record

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Covivio Hotels Competitors

Park Hotels & Resorts

NYSE:PK

US$3.1b

Sunstone Hotel Investors

NYSE:SHO

US$2.4b

Apple Hospitality REIT

NYSE:APLE

US$3.8b

CapitaLand Ascott Trust

SGX:HMN

S$3.3b

Price History & Performance

Summary of share price highs, lows and changes for Covivio Hotels
Historical stock prices
Current Share Price	€19.90
52 Week High	€19.90
52 Week Low	€13.65
Beta	1.09
1 Month Change	9.94%
3 Month Change	5.29%
1 Year Change	23.22%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	30.07%

Recent updates

Shareholder Returns

	9FM	DE Hotel and Resort REITs	DE Market
7D	7.0%	0%	0%
1Y	23.2%	0%	0%

Return vs Industry: 9FM exceeded the German Hotel and Resort REITs industry which returned 18.7% over the past year.

Return vs Market: 9FM exceeded the German Market which returned 7% over the past year.

Price Volatility

Is 9FM's price volatile compared to industry and market?
9FM volatility
9FM Average Weekly Movement	2.7%
Hotel and Resort REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: 9FM has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 9FM's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1900	23	Tugdual Millet-Taunay	www.covivio-hotels.fr

Covivio Hotels specializes in owning business premises in the hotel sector. A listed real estate investment company (SIIC), a real estate partner of the major players in the hotel industry, Covivio Hotels holds assets worth EUR 6.4 billion (at end 2023). Covivio Hotels is graded BBB+ / Stable outlook by Standard and Poor’s.

Covivio Hotels Fundamentals Summary

How do Covivio Hotels's earnings and revenue compare to its market cap?
9FM fundamental statistics
Market cap	€2.98b
Earnings (TTM)	€59.65m
Revenue (TTM)	€349.78m

49.9x

P/E Ratio

8.5x

P/S Ratio

Is 9FM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9FM income statement (TTM)
Revenue	€349.78m
Cost of Revenue	€30.61m
Gross Profit	€319.18m
Other Expenses	€259.52m
Earnings	€59.65m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.40
Gross Margin	91.25%
Net Profit Margin	17.05%
Debt/Equity Ratio	86.2%

How did 9FM perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

60%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 04:55
End of Day Share Price	2024/12/27 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Covivio Hotels is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Valerie Jacob Guezi	BNP Paribas Exane
Vladimir Minot	Invest Securities
Boudewijn Schoon	Kempen & Co. NV

Covivio Hotels DB:9FM Stock Report