BME:YZBL

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Zambal Spain Socimi

Executive Summary

Zambal Spain Socimi, S.A. operates as a subsidiary of IBA Capital Partners. More Details

Rewards

Trading at 87.7% below our estimate of its fair value

Earnings grew by 21% over the past year

Risk Analysis

No risks detected for YZBL from our risk checks.


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

YZBL

2.7%

ES REITs

0.9%

ES Market


1 Year Return

-2.5%

YZBL

-25.0%

ES REITs

-20.2%

ES Market

Return vs Industry: YZBL exceeded the Spanish REITs industry which returned -26.3% over the past year.

Return vs Market: YZBL exceeded the Spanish Market which returned -22.3% over the past year.


Shareholder returns

YZBLIndustryMarket
7 Day0%2.7%0.9%
30 Day1.7%-2.3%-2.1%
90 Day-1.7%-6.7%-7.4%
1 Year6.0%-2.5%-22.2%-25.0%-17.5%-20.2%
3 Year9.7%-3.3%1.0%-8.9%-19.4%-26.8%
5 Yearn/a-9.6%-22.4%-15.8%-29.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Zambal Spain 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: YZBL (€1.17) is trading below our estimate of fair value (€9.55)

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


Price To Earnings Ratio

PE vs Industry: YZBL is poor value based on its PE Ratio (25.3x) compared to the ES REITs industry average (17.6x).

PE vs Market: YZBL is poor value based on its PE Ratio (25.3x) compared to the Spanish market (18.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: YZBL's PB Ratio (1x) is in line with the ES REITs industry average.


Next Steps

Future Growth

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

34.5%

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 Zambal Spain 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 Zambal Spain Socimi performed over the past 5 years?

8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YZBL has high quality earnings.

Growing Profit Margin: YZBL's current net profit margins (48.9%) are lower than last year (50.3%).


Past Earnings Growth Analysis

Earnings Trend: YZBL's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: YZBL's earnings growth over the past year (21%) exceeds its 5-year average (8.7% per year).

Earnings vs Industry: YZBL earnings growth over the past year (21%) exceeded the REITs industry 6.1%.


Return on Equity

High ROE: YZBL's Return on Equity (3.8%) is considered low.


Next Steps

Financial Health

How is Zambal Spain Socimi's financial position?


Financial Position Analysis

Short Term Liabilities: YZBL's short term assets (€39.7M) exceed its short term liabilities (€9.5M).

Long Term Liabilities: YZBL's short term assets (€39.7M) do not cover its long term liabilities (€56.9M).


Debt to Equity History and Analysis

Debt Level: YZBL's debt to equity ratio (6.3%) is considered satisfactory.

Reducing Debt: YZBL's debt to equity ratio has reduced from 13% to 6.3% over the past 5 years.

Debt Coverage: YZBL's debt is well covered by operating cash flow (254.2%).

Interest Coverage: YZBL's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Zambal Spain Socimi current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if YZBL'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 YZBL'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?


CEO

Guy de Clercq

no data

Tenure

Mr. Guy de Clercq served as Treasurer and Executive Director of Investment Beverage Business Management Pte Ltd. Mr. de Clercq is particularly experienced in financial management having been in the financi ...


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

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


Key Information

  • Name: Zambal Spain Socimi, S.A.
  • Ticker: YZBL
  • Exchange: BME
  • Founded: 2013
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: €755.388m
  • Shares outstanding: 645.63m
  • Website: https://www.zambalspain.com

Number of Employees


Location

  • Zambal Spain Socimi, S.A.
  • Ortega y Gasset 11
  • 1ºDrch
  • Madrid
  • Madrid
  • 28006
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YZBLBME (Bolsas y Mercados Espanoles)YesCommon SharesESEURDec 2015

Biography

Zambal Spain Socimi, S.A. operates as a subsidiary of IBA Capital Partners.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 20:37
End of Day Share Price2020/09/29 00:00
Earnings2019/12/31
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.