ENXTPA:ALDV

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Alliance Developpement Capital SIIC

Executive Summary

Alliance Developpement Capital SIIC (ADC SIIC) is a publicly owned real estate investment firm. More Details


Snowflake Analysis

Undervalued with proven track record.

Share Price & News

How has Alliance Developpement Capital SIIC's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ALDV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-22.3%

ALDV

1.4%

FR REITs

1.3%

FR Market


1 Year Return

-5.9%

ALDV

-31.8%

FR REITs

-5.7%

FR Market

Return vs Industry: ALDV exceeded the French REITs industry which returned -31.9% over the past year.

Return vs Market: ALDV exceeded the French Market which returned -5.2% over the past year.


Shareholder returns

ALDVIndustryMarket
7 Day-22.3%1.4%1.3%
30 Day-20.8%-0.9%2.9%
90 Day-27.3%-10.7%3.1%
1 Year-5.9%-5.9%-27.1%-31.8%-3.7%-5.7%
3 Year-11.1%-11.1%-17.2%-30.7%10.6%1.0%
5 Year-20.0%-20.0%4.6%-21.8%45.3%25.8%

Price Volatility Vs. Market

How volatile is Alliance Developpement Capital SIIC's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alliance Developpement Capital SIIC 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: ALDV (€0.08) is trading below our estimate of fair value (€3.35)

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


Price To Earnings Ratio

PE vs Industry: ALDV is good value based on its PE Ratio (1.1x) compared to the FR REITs industry average (7.9x).

PE vs Market: ALDV is good value based on its PE Ratio (1.1x) compared to the French market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALDV is good value based on its PB Ratio (0.2x) compared to the FR REITs industry average (0.7x).


Next Steps

Future Growth

How is Alliance Developpement Capital SIIC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.6%

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 Alliance Developpement Capital SIIC 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 Alliance Developpement Capital SIIC performed over the past 5 years?

14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALDV has a large one-off gain of €11.1M impacting its December 31 2019 financial results.

Growing Profit Margin: ALDV's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: ALDV's earnings have grown by 14% per year over the past 5 years.

Accelerating Growth: ALDV's earnings growth over the past year (1013.7%) exceeds its 5-year average (14% per year).

Earnings vs Industry: ALDV earnings growth over the past year (1013.7%) exceeded the REITs industry 13.2%.


Return on Equity

High ROE: ALDV's Return on Equity (17.7%) is considered low.


Next Steps

Financial Health

How is Alliance Developpement Capital SIIC's financial position?


Financial Position Analysis

Short Term Liabilities: ALDV's short term assets (€10.6M) do not cover its short term liabilities (€20.6M).

Long Term Liabilities: ALDV's short term assets (€10.6M) exceed its long term liabilities (€2.8M).


Debt to Equity History and Analysis

Debt Level: ALDV's debt to equity ratio (0.01%) is considered satisfactory.

Reducing Debt: ALDV's debt to equity ratio has reduced from 20.9% to 0.01% over the past 5 years.

Debt Coverage: ALDV's debt is well covered by operating cash flow (97460%).

Interest Coverage: ALDV's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Alliance Developpement Capital SIIC current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: ALDV is not paying a notable dividend for the French market.


Future Payout to Shareholders

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


Next Steps

Management

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

6.5yrs

Average board tenure


CEO

Alain Edgard Dumenil (71 yo)

no data

Tenure

Monsieur Alain Edgard Louis Dumenil has been Director General at Acanthe Développement since July 31, 2018 and also serves as its Chairman. He serves as Co-Owner of Rodra Investissement. Monsieur Dumenil s ...


Board Members

NamePositionTenureCompensationOwnership
Alain Edgard Dumenil
Chairmanno datano data24.25%
€ 2.6m
Laurence Dumenil
Director2.25yrsno datano data
Jean Fournier
Independent Director5.42yrs€5.00kno data
Valerie Gimond-Dumenil
Director7.5yrs€20.00kno data

6.5yrs

Average Tenure

Experienced Board: ALDV's board of directors are considered experienced (6.5 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

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


Top Shareholders

Company Information

Alliance Developpement Capital SIIC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alliance Developpement Capital SIIC
  • Ticker: ALDV
  • Exchange: ENXTPA
  • Founded:
  • Industry: Residential REITs
  • Sector: Real Estate
  • Market Cap: €10.782m
  • Shares outstanding: 134.78m
  • Website: https://www.adcsiic.eu

Number of Employees


Location

  • Alliance Developpement Capital SIIC
  • Avenue de l'Astronomie 9
  • Saint-Josse-Ten-Noode
  • Brussels
  • 1210
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALDVENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
0QETLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992

Biography

Alliance Developpement Capital SIIC (ADC SIIC) is a publicly owned real estate investment firm. The firm specializes in owning and managing residential real estate properties. It primarily invests in prope ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 04:02
End of Day Share Price2020/09/16 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.