Cofinimmo has been acquiring, developing and managing rental properties for over 35 years.
Proven track record average dividend payer.
Share Price & News
How has Cofinimmo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COF has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: COF underperformed the German REITs industry which returned 10.7% over the past year.
Return vs Market: COF exceeded the German Market which returned -0.7% over the past year.
Price Volatility Vs. Market
How volatile is Cofinimmo's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Cofinimmo 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: COF (€122.4) is trading below our estimate of fair value (€124.74)
Significantly Below Fair Value: COF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: COF is poor value based on its PE Ratio (14x) compared to the REITs industry average (8.9x).
PE vs Market: COF is good value based on its PE Ratio (14x) compared to the German market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: COF is poor value based on its PEG Ratio (10.1x)
Price to Book Ratio
PB vs Industry: COF is good value based on its PB Ratio (1.3x) compared to the DE REITs industry average (1.5x).
How is Cofinimmo forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COF's forecast earnings growth (1.4% per year) is above the savings rate (0.2%).
Earnings vs Market: COF's earnings (1.4% per year) are forecast to grow slower than the German market (22.2% per year).
High Growth Earnings: COF's earnings are forecast to grow, but not significantly.
Revenue vs Market: COF's revenue (4.5% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: COF's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COF's Return on Equity is forecast to be low in 3 years time (8.9%).
How has Cofinimmo performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COF has a large one-off gain of €61.5M impacting its March 31 2005 financial results.
Growing Profit Margin: COF's current net profit margins (76%) are higher than last year (40.5%).
Past Earnings Growth Analysis
Earnings Trend: COF has become profitable over the past 5 years, growing earnings by 22.7% per year.
Accelerating Growth: COF's earnings growth over the past year (111.9%) exceeds its 5-year average (22.7% per year).
Earnings vs Industry: COF earnings growth over the past year (111.9%) exceeded the REITs industry 25.3%.
Return on Equity
High ROE: COF's Return on Equity (8.8%) is considered low.
How is Cofinimmo's financial position?
Financial Position Analysis
Short Term Liabilities: COF's short term assets (€156.2M) do not cover its short term liabilities (€877.2M).
Long Term Liabilities: COF's short term assets (€156.2M) do not cover its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: COF's debt to equity ratio (71.1%) is considered high.
Reducing Debt: COF's debt to equity ratio has reduced from 107.1% to 71.1% over the past 5 years.
Debt Coverage: COF's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: COF's interest payments on its debt are well covered by EBIT (18.7x coverage).
What is Cofinimmo current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COF's dividend (4.71%) is higher than the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: COF's dividend (4.71%) is in the top 25% of dividend payers in the German market (3.82%)
Stability and Growth of Payments
Stable Dividend: COF's dividend payments have been volatile in the past 10 years.
Growing Dividend: COF's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.9%), COF's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: COF's dividends in 3 years are forecast to be thoroughly covered by earnings (3.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jean-Pierre Hanin (54yo)
Mr. Jean-Pierre Hanin has been the Chief Executive Officer and a Director of Cofinimmo SA since May 9, 2018 and has been its Interim Chief Operating Officer since May 31, 2018 and serves as its Managing Di ...
|Interim COO||2.17yrs||no data||0.0019% €61.6k|
|CFO & Executive Director||2.17yrs||no data||0.0019% €61.9k|
|Chief of Corporate Affairs||13.25yrs||no data||0.0054% €179.0k|
|Independent Chairman of the Board||3.17yrs||€100.00k||0.0015% €49.3k|
|Independent Director||11.25yrs||€66.70k||0.0020% €66.2k|
|Independent Director||4.17yrs||€60.45k||0.0012% €41.3k|
|Independent Director||4.17yrs||€69.45k||0.00071% €23.6k|
|Independent Director||7.17yrs||€68.75k||no data|
|Independent Director||5.17yrs||€52.03k||no data|
|Independent Director||4.17yrs||€69.05k||0.00067% €22.3k|
Experienced Board: COF's board of directors are considered experienced (4.2 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 been diluted in the past year, with total shares outstanding growing by 6.3%.
Cofinimmo SA's company bio, employee growth, exchange listings and data sources
- Name: Cofinimmo SA
- Ticker: COF
- Exchange: DB
- Founded: 1983
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: €3.328b
- Shares outstanding: 27.01m
- Website: https://www.cofinimmo.com
Number of Employees
- Cofinimmo SA
- Boulevard de la Woluwe 58
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|COFB||ENXTBR (Euronext Brussels)||Yes||Ordinary Shares||BE||EUR||Dec 1994|
|COF||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 1994|
|0J3X||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Dec 1994|
|COFBB||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Dec 1994|
|COFB||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Dec 1994|
Cofinimmo has been acquiring, developing and managing rental properties for over 35 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany and Spain, with a value of approximately 4.3 billion EUR. With attention to social developments, Cofinimmo has the mission of making high-quality care, living and working environments available to its partners-tenants, from which users benefit directly. “Caring, Living and Working - Together in Real Estate” is the expression of this mission. Thanks to its expertise, Cofinimmo has built up a healthcare real estate portfolio of approximately 2.4 billion EUR in Europe. As an independent company that applies the highest standards of corporate governance and sustainability, Cofinimmo offers its tenants services and manages its portfolio through a team of approximately 130 employees in Brussels, Paris, Breda and Frankfurt. Cofinimmo is listed on Euronext Brussels (BEL20) and benefits from the REIT system in Belgium (RREC), France (SIIC) and the Netherlands (FBI). Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/01 21:43|
|End of Day Share Price||2020/07/01 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.