How does F5D's PS Ratio compare to its peers?

F5D is good value based on its Price-To-Sales Ratio (5.4x) compared to the peer average (7.1x).

How does F5D's PS Ratio compare vs other companies in the European REITs Industry?

F5D is good value based on its Price-To-Sales Ratio (5.4x) compared to the European REITs industry average (8.2x).

What is F5D's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

F5D is good value based on its Price-To-Sales Ratio (5.4x) compared to the estimated Fair Price-To-Sales Ratio (14.7x).

What is the Fair Price of F5D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

F5D (€52.2) is trading above our estimate of [[fair value]] (€37.05)

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

Target price is less than 20% higher than the current share price.

Covivio (DB:F5D) - Stock Price, News & Analysis

F5D Stock Overview

Thanks to its partnering history, its real estate expertise and its European culture, Covivio is inventing today’s user experience and designing tomorrow’s city. More details

F5D fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	2/6
Dividends	4/6

Rewards

Earnings are forecast to grow 68.66% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

Unstable dividend track record

Covivio Competitors

Fair Value REIT-AG

DB:FVI

€54.7m

alstria office REIT-AG

XTRA:AOX

€1.2b

MERLIN Properties SOCIMI

BME:MRL

€5.8b

GPT Group

ASX:GPT

AU$8.8b

Price History & Performance

Summary of all time highs, changes and price drops for Covivio
Historical stock prices
Current Share Price	€52.20
52 Week High	€56.40
52 Week Low	€39.54
Beta	1.61
11 Month Change	-2.25%
3 Month Change	2.35%
1 Year Change	18.15%
33 Year Change	-28.86%
5 Year Change	-47.72%
Change since IPO	-30.74%

Recent updates

Shareholder Returns

	F5D	DE REITs	DE Market
7D	2.0%	1.8%	0.2%
1Y	18.2%	3.9%	8.5%

Return vs Industry: F5D exceeded the German REITs industry which returned 3.9% over the past year.

Return vs Market: F5D exceeded the German Market which returned 8.5% over the past year.

Price Volatility

Is F5D's price volatile compared to industry and market?
F5D volatility
F5D Average Weekly Movement	3.2%
REITs Industry Average Movement	2.5%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.3%

Stable Share Price: F5D has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: F5D's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1963	960	Joseph Kullmann	covivio.eu/en/

Thanks to its partnering history, its real estate expertise and its European culture, Covivio is inventing today’s user experience and designing tomorrow’s city. A preferred real estate player at the European level, Covivio is close to its end users, capturing their aspirations, combining work, travel, living, and co-inventing vibrant spaces. A benchmark in the European real estate market with €23.1 bn in assets, Covivio offers support to companies, hotel brands and territories in their pursuit for attractiveness, transformation and responsible performance.

Covivio Fundamentals Summary

How do Covivio's earnings and revenue compare to its market cap?
F5D fundamental statistics
Market cap	€5.78b
Earnings (TTM)	-€737.44m
Revenue (TTM)	€1.06b

5.4x

P/S Ratio

-7.8x

P/E Ratio

Is F5D overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
F5D income statement (TTM)
Revenue	€1.06b
Cost of Revenue	€207.43m
Gross Profit	€855.02m
Other Expenses	€1.59b
Earnings	-€737.44m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 19, 2025

Earnings per share (EPS)	-6.66
Gross Margin	80.48%
Net Profit Margin	-69.41%
Debt/Equity Ratio	94.8%

How did F5D perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

7%

Payout Ratio

F5D Stock Overview

Rewards

Risk Analysis

Covivio Competitors

DB:FVI

€54.7m

XTRA:AOX

€1.2b

BME:MRL

€5.8b

ASX:GPT

AU$8.8b

Price History & Performance

Recent News & Updates

Covivio to Report Q1, 2025 Results on Apr 16, 2025

Covivio to Report First Half, 2025 Results on Jul 21, 2025

Covivio to Report Fiscal Year 2024 Results on Feb 19, 2025

First half 2024 earnings released: €0.082 loss per share (vs €7.27 loss in 1H 2023)

Upcoming dividend of €3.30 per share

Full year 2023 earnings released

Recent updates

Covivio to Report Q1, 2025 Results on Apr 16, 2025

Covivio to Report First Half, 2025 Results on Jul 21, 2025

Covivio to Report Fiscal Year 2024 Results on Feb 19, 2025

First half 2024 earnings released: €0.082 loss per share (vs €7.27 loss in 1H 2023)

Upcoming dividend of €3.30 per share

Full year 2023 earnings released

Dividend of €3.30 announced

Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million.

Full year 2023 earnings released

Covivio to Report Q2, 2024 Results on Jul 22, 2024

Covivio, Annual General Meeting, Apr 17, 2024

Now 21% undervalued after recent price drop

An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV).

First half 2023 earnings released: €7.27 loss per share (vs €8.45 profit in 1H 2022)

Full year 2022 earnings released: EPS: €6.61 (vs €9.79 in FY 2021)

Full year 2022 earnings released

Covivio to Report First Half, 2023 Results on Jul 20, 2023

Now 21% undervalued after recent price drop

Covivio to Report Fiscal Year 2022 Results on Feb 21, 2023

First half 2022 earnings released

Investor sentiment deteriorated over the past week

Upcoming dividend of €3.75 per share

Now 20% undervalued

Full year 2021 earnings: Revenues miss analyst expectations

Now 21% undervalued after recent price drop

Covivio to Report Fiscal Year 2021 Results on Feb 22, 2022

Covivio (ENXTPA:COV) acquired Residential portfolio of 640 homes in Berlin from Nox Capital for €154 million.

First half 2021 earnings released: EPS €4.95 (vs €2.19 in 1H 2020)

Covivio (ENXTPA:COV) acquired 552 units of Residential Portfolio In Berlin for approximately €130 million.

Indigo Group S.A. agreed to acquire Parking Concessions and Long-term Leases Portfolio from Covivio (ENXTPA:COV).

Upcoming dividend of €3.60 per share

Banca Finnat Euramerica S.p.A. (BIT:BFE) acquired an additional 17.9% stake in Investire SGR S.p.A. from Covivio (ENXTPA:COV).

New 90-day low: €64.85

Fondo Thesaurus acquired Two office building in Milan from Covivio (ENXTPA:COV) for €137 million.

New 90-day high: €77.00

Covivio to Report First Half, 2021 Results on Jul 21, 2021

Market bids up stock over the past week

New 90-day high: €68.40

New 90-day low: €55.35

Covivio to Report Fiscal Year 2020 Results on Feb 18, 2021

Covivio to Report Nine Months, 2020 Results on Oct 15, 2020

Fonciere des Regions (ENXTPA:FDR) acquired 2,000 residential units in Hamburg for approximately €240 million.

New 90-day low: €57.55

Earnings released

Tikehau Residential 1 fund of Tikehau Investment Management SAS acquired Portfolio of around 520 residential parcels in France from Covivio (ENXTPA:COV).

Arete, a fund managed by Kryalos SGR S.p.A. completed the acquisition of portfolio of mature and non-core assets from Covivio (ENXTPA:COV).

Shareholder Returns

Price Volatility

About the Company

Covivio Fundamentals Summary

5.4x

-7.8x

Earnings & Revenue

Dividends

6.3%

7%