Covivio Hotels specializes in the possession of operating walls in the hospitality sector. More Details
+ 1 more risk
Undervalued established dividend payer.
Share Price & News
How has Covivio Hotels Société anonyme's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COVH's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: COVH underperformed the French REITs industry which returned -37.3% over the past year.
Return vs Market: COVH underperformed the French Market which returned -9.4% over the past year.
Price Volatility Vs. Market
How volatile is Covivio Hotels Société anonyme's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Shareholders Own Covivio Hotels Société anonyme (EPA:COVH)?
1 month ago | Simply Wall StCovivio Hotels Société anonyme's (EPA:COVH) Shareholders Are Down 45% On Their Shares
7 months ago | Simply Wall StIntroducing Covivio Hotels Société anonyme (EPA:COVH), A Stock That Climbed 18% In The Last Five Years
Is Covivio Hotels Société anonyme undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COVH (€12.25) is trading below our estimate of fair value (€28)
Significantly Below Fair Value: COVH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COVH is good value based on its PE Ratio (4.2x) compared to the FR REITs industry average (7.2x).
PE vs Market: COVH is good value based on its PE Ratio (4.2x) compared to the French market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate COVH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: COVH is good value based on its PB Ratio (0.5x) compared to the FR REITs industry average (0.6x).
How is Covivio Hotels Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Covivio Hotels Société anonyme 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.
- Examine whether Covivio Hotels Société anonyme is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Covivio Hotels Société anonyme competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Covivio Hotels Société anonyme performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COVH has a large one-off gain of €32.7M impacting its June 30 2020 financial results.
Growing Profit Margin: COVH's current net profit margins (34.6%) are lower than last year (64%).
Past Earnings Growth Analysis
Earnings Trend: COVH's earnings have grown by 4% per year over the past 5 years.
Accelerating Growth: COVH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COVH had negative earnings growth (-61.3%) over the past year, making it difficult to compare to the REITs industry average (13.2%).
Return on Equity
High ROE: COVH's Return on Equity (2.9%) is considered low.
How is Covivio Hotels Société anonyme's financial position?
Financial Position Analysis
Short Term Liabilities: COVH's short term assets (€373.8M) exceed its short term liabilities (€202.7M).
Long Term Liabilities: COVH's short term assets (€373.8M) do not cover its long term liabilities (€3.1B).
Debt to Equity History and Analysis
Debt Level: COVH's debt to equity ratio (77.1%) is considered high.
Reducing Debt: COVH's debt to equity ratio has reduced from 91.4% to 77.1% over the past 5 years.
Debt Coverage: COVH's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: COVH's interest payments on its debt are not well covered by EBIT (2.6x coverage).
What is Covivio Hotels Société anonyme current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COVH's dividend (12.65%) is higher than the bottom 25% of dividend payers in the French market (1.53%).
High Dividend: COVH's dividend (12.65%) is in the top 25% of dividend payers in the French market (5.16%)
Stability and Growth of Payments
Stable Dividend: COVH's dividends per share have been stable in the past 10 years.
Growing Dividend: COVH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.3%), COVH's dividend payments are 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dominique Ozanne (42 yo)
Mr. Dominique Ozanne has been Deputy Chief Executive Officer of Covivio since February 14, 2018. Mr. Ozanne is serving as Chief Executive Officer at Covivio Hotels (“Foncière des Régions”) since 2018 and h ...
CEO Compensation Analysis
Compensation vs Market: Dominique's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD1.10M).
Compensation vs Earnings: Dominique's compensation has been consistent with company performance over the past year.
|Supervisory Board Member||no data||€3.90k||no data|
|Member of the European Board and Managing Director of Foncière Europe Logistique||no data||€3.10k||no data|
|Member of the European Board and Vice Chief Executive Officer of Immeo Wohnen||no data||no data||no data|
|Chairman of the Supervisory Board||15.83yrs||€3.50m||0.0019% |
|Member of Supervisory Board||9.42yrs||€1.95m||0.00060% |
|Independent Supervisory Board Member||11.42yrs||€3.10k||0.000010% |
|Director of European Board||no data||€248.01k||no data|
|Independent Supervisory Board Member||12.58yrs||€3.70k||no data|
|Supervisory Board Member||9.42yrs||€40.90k||no data|
|Supervisory Board Member||3.42yrs||€3.78k||no data|
|Member of Supervisory Board||11.83yrs||€3.50k||no data|
|Independent Supervisory Board Member||2.42yrs||€2.73k||no data|
Experienced Board: COVH's board of directors are seasoned and experienced ( 10.4 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.5%.
Covivio Hotels Société anonyme's company bio, employee growth, exchange listings and data sources
- Name: Covivio Hotels Société anonyme
- Ticker: COVH
- Exchange: ENXTPA
- Founded: 2004
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Market Cap: €1.624b
- Shares outstanding: 132.54m
- Website: https://www.covivio-hotels.fr
Number of Employees
- Covivio Hotels Société anonyme
- 10 Avenue Kléber
- Cedex 16
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|COVH||ENXTPA (Euronext Paris)||Yes||Common Shares||FR||EUR||Jan 1992|
|0IS8||LSE (London Stock Exchange)||Yes||Common Shares||GB||EUR||Jan 1992|
|COVHP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||EUR||Jan 1992|
Covivio Hotels specializes in the possession of operating walls in the hospitality sector. Covivio Hotels, a listed real estate investment company (SIIC), a real estate partner of the major players in the ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/29 20:44|
|End of Day Share Price||2020/09/29 00:00|
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.