BME:ARM

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Árima Real Estate SOCIMI

Executive Summary

Árima Real Estate is a Spanish company that listed on the Madrid Stock Exchange as a SOCIMI (Sociedad Anónima Cotizada de Inversión Inmobiliaria) and that is led by a fully-dedicated internal management team. More Details


Snowflake Analysis

High growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Árima Real Estate SOCIMI's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ARM is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ARM's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-4.7%

ARM

-1.6%

ES REITs

-0.06%

ES Market


1 Year Return

-27.7%

ARM

-21.0%

ES REITs

-11.2%

ES Market

Return vs Industry: ARM underperformed the Spanish REITs industry which returned -21% over the past year.

Return vs Market: ARM underperformed the Spanish Market which returned -11.2% over the past year.


Shareholder returns

ARMIndustryMarket
7 Day-4.7%-1.6%-0.06%
30 Day-3.6%11.8%13.6%
90 Day-10.0%4.6%12.0%
1 Year-27.7%-27.7%-18.5%-21.0%-8.7%-11.2%
3 Yearn/a6.2%-3.8%-7.8%-16.1%
5 Yearn/a-0.9%-14.8%-4.5%-19.0%

Long-Term Price Volatility Vs. Market

How volatile is Árima Real Estate SOCIMI's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Árima Real Estate SOCIMI undervalued compared to its fair value and its price relative to the market?

84.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ARM (€8.1) is trading above our estimate of fair value (€4.19)

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


Price To Earnings Ratio

PE vs Industry: ARM is poor value based on its PE Ratio (84.2x) compared to the ES REITs industry average (17.9x).

PE vs Market: ARM is poor value based on its PE Ratio (84.2x) compared to the Spanish market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: ARM is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: ARM is good value based on its PB Ratio (0.8x) compared to the ES REITs industry average (1.1x).


Next Steps

Future Growth

How is Árima Real Estate SOCIMI forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

110.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARM's forecast earnings growth (110.4% per year) is above the savings rate (1.3%).

Earnings vs Market: ARM's earnings (110.4% per year) are forecast to grow faster than the Spanish market (34.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ARM's revenue (63.5% per year) is forecast to grow faster than the Spanish market (6.5% per year).

High Growth Revenue: ARM's revenue (63.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ARM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Árima Real Estate SOCIMI performed over the past 5 years?

-85.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ARM has a large one-off gain of €15.1M impacting its September 30 2020 financial results.

Growing Profit Margin: ARM's current net profit margins (40.4%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if ARM's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare ARM's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: ARM had negative earnings growth (-85.5%) over the past year, making it difficult to compare to the REITs industry average (-16.6%).


Return on Equity

High ROE: ARM's Return on Equity (0.8%) is considered low.


Next Steps

Financial Health

How is Árima Real Estate SOCIMI's financial position?


Financial Position Analysis

Short Term Liabilities: ARM's short term assets (€151.9M) exceed its short term liabilities (€3.8M).

Long Term Liabilities: ARM's short term assets (€151.9M) exceed its long term liabilities (€106.3M).


Debt to Equity History and Analysis

Debt Level: ARM's debt to equity ratio (35.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ARM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ARM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ARM's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Árima Real Estate SOCIMI current dividend yield, its reliability and sustainability?

0.49%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ARM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ARM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ARM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ARM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ARM's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.


Next Steps

Management

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

2.2yrs

Average board tenure


CEO

Luis Alfonso Lopez de Herrera-Oria (64 yo)

no data

Tenure

Mr. Luis Alfonso López de Herrera-Oria was Executive Deputy-Chairman and CEO of Axiare Patrimonio SOCIMI, S.A. since June 5, 2014 until 2018. Mr. de Herrera-Oria is the Vice Chairman and Chief Executive Of...


Board Members

NamePositionTenureCompensationOwnership
Luis Alfonso Lopez de Herrera-Oria
Vice Chairmanno datano datano data
Chony Martin Vicente-Mazariegos
CFO & Executive Director0.50yrno datano data
Stanislas Marie Henry
Independent External Proprietary Director1yrno datano data
Cato Stonex
Non-Executive Independent Director2.17yrsno datano data
Fernando Bautista Sagues
Non-Executive Independent Director2.17yrsno datano data
David Maria Jimenez-Blanco Carrillo de Albornoz
Non-Executive Independent Director2.17yrsno datano data
Luis Maria Arredondo Malo
Independent Non-Executive Chairman2.17yrsno datano data

2.2yrs

Average Tenure

57yo

Average Age

Experienced Board: ARM's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Árima Real Estate SOCIMI, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Árima Real Estate SOCIMI, S.A.
  • Ticker: ARM
  • Exchange: BME
  • Founded: 2018
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: €226.906m
  • Shares outstanding: 28.01m
  • Website: https://www.arimainmo.com

Number of Employees


Location

  • Árima Real Estate SOCIMI, S.A.
  • Torre Serrano Building
  • Serrano, 47
  • Madrid
  • Madrid
  • 28001
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARMBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEUROct 2018
ARMEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2018
3AZDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2018

Biography

Árima Real Estate is a Spanish company that listed on the Madrid Stock Exchange as a SOCIMI (Sociedad Anónima Cotizada de Inversión Inmobiliaria) and that is led by a fully-dedicated internal management te...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 22:24
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
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.