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RLIA

Realia Business BME:RLIA Stock Report

Last Price

€0.95

Market Cap

€770.5m

7D

0.6%

1Y

33.8%

Updated

04 Oct, 2022

Data

Company Financials +
RLIA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends0/6

RLIA Stock Overview

Realia Business, S.A., together with its subsidiaries, engages in property management and homebuilding activities in Spain and internationally.

Realia Business Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Realia Business
Historical stock prices
Current Share Price€0.95
52 Week High€0.99
52 Week Low€0.70
Beta0.37
1 Month Change-2.06%
3 Month Change0%
1 Year Change33.80%
3 Year Change8.08%
5 Year Change-6.86%
Change since IPO-85.61%

Recent News & Updates

Shareholder Returns

RLIAES Real EstateES Market
7D0.6%0.5%2.8%
1Y33.8%-8.4%-12.9%

Return vs Industry: RLIA exceeded the Spanish Real Estate industry which returned -9.1% over the past year.

Return vs Market: RLIA exceeded the Spanish Market which returned -14.2% over the past year.

Price Volatility

Is RLIA's price volatile compared to industry and market?
RLIA volatility
RLIA Average Weekly Movement1.9%
Real Estate Industry Average Movement2.5%
Market Average Movement3.5%
10% most volatile stocks in ES Market6.3%
10% least volatile stocks in ES Market0.5%

Stable Share Price: RLIA is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: RLIA's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200082Gerardo Kuri Kaufmannhttps://www.realia.es

Realia Business, S.A., together with its subsidiaries, engages in property management and homebuilding activities in Spain and internationally. It develops, manages, operates, and leases office buildings, shopping centers, commercial premises, and industrial buildings; and provides land management services. It has a land portfolio of 6,946,216 gross square meters and 1,752,340 square meters of buildable land.

Realia Business Fundamentals Summary

How do Realia Business's earnings and revenue compare to its market cap?
RLIA fundamental statistics
Market Cap€770.53m
Earnings (TTM)€73.72m
Revenue (TTM)€189.10m

10.5x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RLIA income statement (TTM)
Revenue€189.10m
Cost of Revenue€91.85m
Gross Profit€97.25m
Other Expenses€23.54m
Earnings€73.72m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.091
Gross Margin51.43%
Net Profit Margin38.98%
Debt/Equity Ratio45.7%

How did RLIA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is RLIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RLIA?

Other financial metrics that can be useful for relative valuation.

RLIA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.2x
Enterprise Value/EBITDA18.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does RLIA's PE Ratio compare to its peers?

RLIA PE Ratio vs Peers
The above table shows the PE ratio for RLIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.5x
YVIV Vivenio Residencial SOCIMI
12xn/a€942.5m
CEV Compañía Española de Viviendas en Alquiler
4.2xn/a€163.2m
YISC ISC Fresh Water Investment SOCIMI
11.6xn/a€127.4m
YVCP Veracruz Properties SOCIMI
38.1xn/a€85.7m
RLIA Realia Business
10.5xn/a€770.5m

Price-To-Earnings vs Peers: RLIA is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (16.5x).


Price to Earnings Ratio vs Industry

How does RLIA's PE Ratio compare vs other companies in the European Real Estate Industry?

Price-To-Earnings vs Industry: RLIA is expensive based on its Price-To-Earnings Ratio (10.5x) compared to the European Real Estate industry average (7x)


Price to Earnings Ratio vs Fair Ratio

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

RLIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RLIA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: RLIA (€0.95) is trading below our estimate of fair value (€3.68)

Significantly Below Fair Value: RLIA is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Realia Business forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.4%

Forecasted Real Estate industry annual growth in earnings

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RLIA's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if RLIA's earnings are forecast to grow faster than the Spanish market

High Growth Earnings: Insufficient data to determine if RLIA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if RLIA's revenue is forecast to grow faster than the Spanish market.

High Growth Revenue: Insufficient data to determine if RLIA's revenue 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 RLIA's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Realia Business performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RLIA has a large one-off gain of €39.0M impacting its June 30 2022 financial results.

Growing Profit Margin: RLIA's current net profit margins (39%) are higher than last year (19.5%).


Past Earnings Growth Analysis

Earnings Trend: RLIA's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: RLIA's earnings growth over the past year (190.7%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: RLIA earnings growth over the past year (190.7%) exceeded the Real Estate industry 22.9%.


Return on Equity

High ROE: RLIA's Return on Equity (6.6%) is considered low.


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Financial Health

How is Realia Business's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RLIA's short term assets (€408.0M) exceed its short term liabilities (€126.3M).

Long Term Liabilities: RLIA's short term assets (€408.0M) do not cover its long term liabilities (€709.4M).


Debt to Equity History and Analysis

Debt Level: RLIA's net debt to equity ratio (42.6%) is considered high.

Reducing Debt: RLIA's debt to equity ratio has reduced from 75.9% to 45.7% over the past 5 years.

Debt Coverage: RLIA's debt is not well covered by operating cash flow (19.6%).

Interest Coverage: RLIA's interest payments on its debt are well covered by EBIT (8.1x coverage).


Balance Sheet


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Dividend

What is Realia Business's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Realia Business Dividend Yield vs Market
How does Realia Business dividend yield compare to the market?
SegmentDividend Yield
Company (Realia Business)n/a
Market Bottom 25% (ES)2.3%
Market Top 25% (ES)6.2%
Industry Average (Real Estate)3.5%
Analyst forecast in 3 Years (Realia Business)0%

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

High Dividend: Unable to evaluate RLIA'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 RLIA's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RLIA has not reported any payouts.


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Management

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

7.3yrs

Average board tenure


CEO

Gerardo Kuri Kaufmann (39 yo)

7.67yrs

Tenure

€87,000

Compensation

Engineer Gerardo Kuri Kaufmann has been Director at Operadora de Sites Mexicanos, S.A. de C.V. since June 17, 2015 and its Member of Executive Committee. Engineer Kaufmann was Chief Executive Officer of at...


CEO Compensation Analysis

Gerardo Kuri Kaufmann's Compensation vs Realia Business Earnings
How has Gerardo Kuri Kaufmann's remuneration changed compared to Realia Business's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€74m

Mar 31 2022n/an/a

€70m

Dec 31 2021n/an/a

€58m

Sep 30 2021n/an/a

€33m

Jun 30 2021n/an/a

€25m

Mar 31 2021n/an/a

€7m

Dec 31 2020n/an/a

€2m

Sep 30 2020n/an/a

€8m

Jun 30 2020n/an/a

€14m

Mar 31 2020n/an/a

€44m

Dec 31 2019n/an/a

€45m

Sep 30 2019n/an/a

€55m

Jun 30 2019n/an/a

€53m

Mar 31 2019n/an/a

€41m

Dec 31 2018n/an/a

€40m

Sep 30 2018n/an/a

€29m

Jun 30 2018n/an/a

€29m

Mar 31 2018n/an/a

€29m

Dec 31 2017n/an/a

€30m

Sep 30 2017n/an/a

€52m

Jun 30 2017n/an/a

€6m

Mar 31 2017n/an/a

€62m

Dec 31 2016n/an/a

€116m

Sep 30 2016n/an/a

€88m

Jun 30 2016n/an/a

€133m

Mar 31 2016n/an/a

€73m

Dec 31 2015€87k€57k

€17m

Compensation vs Market: Insufficient data to establish whether Gerardo's total compensation is reasonable compared to companies of similar size in the Spanish market.

Compensation vs Earnings: Insufficient data to compare Gerardo's compensation with company performance.


Board Members

Experienced Board: RLIA's board of directors are considered experienced (7.3 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

What is the ownership structure of RLIA?
Owner TypeNumber of SharesOwnership Percentage
Institutions5,575,7200.7%
General Public204,012,67225.2%
Private Companies601,500,83774.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 5 shareholders own 74.85% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
74.16%
Control Empresarial de Capitales S.A. de C.V.
601,500,837€571.4m0%no data
0.4%
Dimensional Fund Advisors LP
3,262,159€3.1m0.05%no data
0.21%
Operadora Inbursa de Sociedades de Inversión, S.A. de C.V.
1,684,273€1.6m0%0.05%
0.042%
Auriga Global Investors, Sociedad de Valores S.A., Asset Management Arm
343,100€325.9k-14.88%1.29%
0.035%
Món Andorra Gestió Agrícol-reig, Sau
286,188€271.9k10.17%0.21%

Company Information

Realia Business, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Realia Business, S.A.
  • Ticker: RLIA
  • Exchange: BME
  • Founded: 2000
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: €770.535m
  • Shares outstanding: 811.09m
  • Website: https://www.realia.es

Number of Employees


Location

  • Realia Business, S.A.
  • Pº Castellana, 216
  • Madrid
  • Madrid
  • 28046
  • Spain


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RLIABME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJun 2007
RBSDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007
0KBVLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2007
RLIAEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2007

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.