BME:YTRA

Stock Analysis Report

Trajano Iberia Socimi

Executive Summary

Trajano Iberia Socimi, S.A. is a real estate investment trust.


Snowflake Analysis

Solid track record and fair value.

Share Price & News

How has Trajano Iberia Socimi's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: YTRA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

YTRA

0.8%

ES REITs

1.9%

ES Market


1 Year Return

-22.0%

YTRA

18.5%

ES REITs

8.0%

ES Market

Return vs Industry: YTRA underperformed the Spanish REITs industry which returned 18.5% over the past year.

Return vs Market: YTRA underperformed the Spanish Market which returned 8% over the past year.


Shareholder returns

YTRAIndustryMarket
7 Day0%0.8%1.9%
30 Day-1.0%-0.8%0.1%
90 Day-13.9%5.4%2.5%
1 Year4.3%-22.0%23.1%18.5%11.9%8.0%
3 Year36.0%-4.7%52.9%39.7%14.0%3.2%
5 Yearn/a95.9%52.0%15.2%-4.2%

Price Volatility Vs. Market

How volatile is Trajano Iberia Socimi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Trajano Iberia Socimi undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: YTRA (€9.9) is trading below our estimate of fair value (€24.68)

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


Price To Earnings Ratio

PE vs Industry: YTRA is poor value based on its PE Ratio (18.4x) compared to the REITs industry average (17.6x).

PE vs Market: YTRA is poor value based on its PE Ratio (18.4x) compared to the Spanish market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate YTRA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: YTRA is good value based on its PB Ratio (1x) compared to the ES REITs industry average (1.1x).


Next Steps

Future Growth

How is Trajano Iberia Socimi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.9%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Trajano Iberia Socimi has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Trajano Iberia Socimi performed over the past 5 years?

36.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YTRA has high quality earnings.

Growing Profit Margin: YTRA's current net profit margins (37.3%) are higher than last year (18%).


Past Earnings Growth Analysis

Earnings Trend: YTRA's earnings have grown significantly by 36.4% per year over the past 5 years.

Accelerating Growth: YTRA's earnings growth over the past year (114.1%) exceeds its 5-year average (36.4% per year).

Earnings vs Industry: YTRA earnings growth over the past year (114.1%) exceeded the REITs industry 50.2%.


Return on Equity

High ROE: YTRA's Return on Equity (5.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Trajano Iberia Socimi's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: YTRA has a high level of physical assets or inventory.

Debt Coverage by Assets: YTRA's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: YTRA's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if YTRA has a sufficient allowance for bad loans.

Low Risk Liabilities: YTRA reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if YTRA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: YTRA has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if YTRA has an appropriate level of bad loans.


Next Steps

Dividend

What is Trajano Iberia Socimi's current dividend yield, its reliability and sustainability?

6.25%

Current Dividend Yield


Dividend Yield vs Market

company6.2%marketbottom25%2.3%markettop25%5.6%industryaverage3.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: YTRA's dividend (6.25%) is higher than the bottom 25% of dividend payers in the Spanish market (2.26%).

High Dividend: YTRA's dividend (6.25%) is in the top 25% of dividend payers in the Spanish market (5.56%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, YTRA has been paying a dividend for less than 10 years.

Growing Dividend: YTRA's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.4%), YTRA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Trajano Iberia Socimi's salary, the management and board of directors tenure and is there insider trading?


CEO

Trajano Iberia Socimi has no CEO, or we have no data on them.


Insider Trading

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.


Management Team

  • Daniel Gálvez

    Head of Real Estate Asset Management

    • Tenure: 0yrs
  • Dionisio Sevilla

    Chief Financial Officer

    • Tenure: 0yrs
  • Esther Jiménez

    Head of Administration

    • Tenure: 0yrs

Board Members

    Company Information

    Trajano Iberia Socimi, S.A.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Trajano Iberia Socimi, S.A.
    • Ticker: YTRA
    • Exchange: BME
    • Founded:
    • Industry: Diversified REITs
    • Sector: Real Estate
    • Market Cap: €140.229m
    • Shares outstanding: 14.16m
    • Website: https://www.trajanoiberia.es/en/

    Number of Employees


    Location

    • Trajano Iberia Socimi, S.A.
    • Zurbano 49
    • oficina 10
    • Madrid
    • Madrid
    • 28010
    • Spain

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    YTRABME (Bolsas y Mercados Espanoles)YesCommon SharesESEURJul 2015

    Biography

    Trajano Iberia Socimi, S.A. is a real estate investment trust. Trajano Iberia Socimi, S.A. is based in Madrid, Spain. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2019/12/09 21:56
    End of Day Share Price2019/12/09 00:00
    Earnings2019/06/30
    Annual Earnings2018/12/31


    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.