ENXTPA:AREIT

Stock Analysis Report

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Executive Summary

Altareit SCA operates as a real estate development company in France. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Altareit's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.9%

AREIT

-6.3%

FR Real Estate

-4.3%

FR Market


1 Year Return

-8.2%

AREIT

-21.5%

FR Real Estate

-10.9%

FR Market

Return vs Industry: AREIT exceeded the French Real Estate industry which returned -21.5% over the past year.

Return vs Market: AREIT exceeded the French Market which returned -10.9% over the past year.


Shareholder returns

AREITIndustryMarket
7 Day-1.9%-6.3%-4.3%
30 Day-1.9%-6.0%-4.3%
90 Day-2.9%-5.9%-2.2%
1 Year-8.2%-8.2%-17.9%-21.5%-8.9%-10.9%
3 Year74.1%74.1%-13.6%-24.4%3.0%-6.0%
5 Year195.4%195.4%46.6%20.6%36.0%17.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Altareit 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: AREIT (€505) is trading below our estimate of fair value (€4222.32)

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


Price To Earnings Ratio

PE vs Industry: AREIT is poor value based on its PE Ratio (10.9x) compared to the FR Real Estate industry average (9.5x).

PE vs Market: AREIT is good value based on its PE Ratio (10.9x) compared to the French market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AREIT is overvalued based on its PB Ratio (1x) compared to the FR Real Estate industry average (0.9x).


Next Steps

Future Growth

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

4.1%

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 Altareit 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 Altareit performed over the past 5 years?

21.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AREIT has high quality earnings.

Growing Profit Margin: AREIT's current net profit margins (2.6%) are lower than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: AREIT's earnings have grown significantly by 21.6% per year over the past 5 years.

Accelerating Growth: AREIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AREIT had negative earnings growth (-70%) over the past year, making it difficult to compare to the Real Estate industry average (3.7%).


Return on Equity

High ROE: AREIT's Return on Equity (10.4%) is considered low.


Next Steps

Financial Health

How is Altareit's financial position?


Financial Position Analysis

Short Term Liabilities: AREIT's short term assets (€3.0B) exceed its short term liabilities (€2.1B).

Long Term Liabilities: AREIT's short term assets (€3.0B) exceed its long term liabilities (€705.0M).


Debt to Equity History and Analysis

Debt Level: AREIT's debt to equity ratio (120.3%) is considered high.

Reducing Debt: AREIT's debt to equity ratio has reduced from 167.1% to 120.3% over the past 5 years.

Debt Coverage: AREIT's debt is not well covered by operating cash flow (15.9%).

Interest Coverage: AREIT's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Next Steps

Dividend

What is Altareit current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

10.0yrs

Average board tenure


CEO

Altareit has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Christian de Gournay
Chairman of Supervisory Boardno data€275.00k0.000060%
€ 530.4
Alain Taravella
Chairman of Altafi 2no data€600.00kno data
Jacques Nicolet
Member of Supervisory Board12.25yrs€10.50k0.000060%
€ 530.4
Dominique Rongier
Independent Member of Supervisory Board11.25yrs€19.50k0.00057%
€ 5.0k
Léonore Reviron
Member of Supervisory Board8.67yrs€15.00k0.000060%
€ 530.4
Éliane Frémeaux
Independent Member of Supervisory Board1.58yrs€15.00k0.000060%
€ 530.4

10.0yrs

Average Tenure

70yo

Average Age

Experienced Board: AREIT's board of directors are considered experienced (10 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

Altareit SCA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Altareit SCA
  • Ticker: AREIT
  • Exchange: ENXTPA
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: €883.942m
  • Shares outstanding: 1.75m
  • Website: https://www.altareit.com

Number of Employees


Location

  • Altareit SCA
  • 8 avenue DelcassE
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AREITENXTPA (Euronext Paris)YesOrdinary SharesFREURMay 1992
0KXYLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1992
AREITPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 1992

Biography

Altareit SCA operates as a real estate development company in France. The company develops residential properties, such as serviced residences; and mixed-use projects and office properties. Altareit SCA is ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/27 03:12
End of Day Share Price2020/09/25 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.