Market Cap
€6.2b
Last Updated
2019/10/18 20:38 UTC
Data Sources
Company Financials +
Executive Summary
As an investor and a developer, Icade is an integrated real estate player which designs innovative real estate products and services adapted to new urban lifestyles and habits.
Snowflake
Fundamentals
6 star dividend payer with acceptable track record.
Similar Companies
Share Price & News
How has Icade's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.9%
ICAD
1.2%
FR REITs
-0.4%
FR Market
1 Year Return
13.5%
ICAD
11.0%
FR REITs
9.5%
FR Market
Return vs Industry: ICAD exceeded the French REITs industry which returned 11% over the past year.
Return vs Market: ICAD exceeded the French Market which returned 9.5% over the past year.
Shareholder returns
| ICAD | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 1.2% | -0.4% |
| 30 Day | 4.3% | 4.9% | 0.06% |
| 90 Day | 5.7% | 8.0% | 0.04% |
| 1 Year | 20.4%13.5% | 18.2%11.0% | 13.3%9.5% |
| 3 Year | 48.1%24.8% | 28.7%8.1% | 42.5%28.7% |
| 5 Year | 73.3%31.7% | 72.2%29.6% | 71.0%45.0% |
Price Volatility Vs. Market
How volatile is Icade's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Icade (EPA:ICAD) Excessively Paying Its CEO?1 month ago | Simply Wall St
Did You Miss Icade's (EPA:ICAD) 22% Share Price Gain?1 month ago | Simply Wall St
How Does Icade (EPA:ICAD) Fare As A Dividend Stock?Valuation
Is Icade undervalued compared to its fair value and its price relative to the market?
22.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: ICAD (€84.3) is trading below our estimate of fair value (€108.76)
Significantly Undervalued: ICAD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ICAD is poor value based on its PE Ratio (36.1x) compared to the REITs industry average (10x).
PE vs Market: ICAD is poor value based on its PE Ratio (36.1x) compared to the French market (17.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: ICAD is poor value based on its PEG Ratio (19.7x)
Price to Book Ratio
PB vs Industry: ICAD is overvalued based on its PB Ratio (2.2x) compared to the FR REITs industry average (1x).
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Future Growth
How is Icade forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
1.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ICAD's forecast earnings growth (1.8% per year) is above the savings rate (0.7%).
Earnings vs Market: ICAD's earnings (1.8% per year) are forecast to grow slower than the French market (11.5% per year).
High Growth Earnings: ICAD's earnings are forecast to grow, but not significantly.
Revenue vs Market: ICAD's revenue (4.2% per year) is forecast to grow slower than the French market (4.4% per year).
High Growth Revenue: ICAD's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: ICAD's Return on Equity is forecast to be low in 3 years time (10.2%).
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Past Performance
How has Icade performed over the past 5 years?
20.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ICAD's earnings have grown significantly by 20.2% per year over the past 5 years.
Accelerating Growth: ICAD's earnings growth over the past year (46.2%) exceeds its 5-year average (20.2% per year).
Earnings vs Industry: ICAD earnings growth over the past year (46.2%) exceeded the REITs industry 14.1%.
Return on Equity
High ROE: ICAD's Return on Equity (5.8%) is considered low.
Return on Assets
ROA vs Industry: ICAD's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: ICAD's Return on Capital Employed has declined over the past 3 years.
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Financial Health
How is Icade'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: ICAD has a high level of physical assets or inventory.
Debt Coverage by Assets: ICAD's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: ICAD's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ICAD has a sufficient allowance for bad loans.
Low Risk Liabilities: ICAD reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ICAD has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ICAD has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ICAD has an appropriate level of bad loans.
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Dividend
What is Icade's current dividend yield, its reliability and sustainability?
5.46%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ICAD's dividend (5.46%) is higher than the bottom 25% of dividend payers in the French market (1.56%).
High Dividend: ICAD's dividend (5.46%) is in the top 25% of dividend payers in the French market (4.72%)
Stable Dividend: ICAD's dividends per share have been stable in the past 10 years.
Growing Dividend: ICAD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.1%), ICAD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ICAD's dividends in 3 years are forecast to be thoroughly covered by earnings (1.2% payout ratio).
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Management
What is the CEO of Icade's salary, the management and board of directors tenure and is there insider trading?
3.0yrs
Average management tenure
CEO
Olivier Wigniolle (56yo)
4.5yrs
Tenure
€484,200
Compensation
Mr. Olivier Wigniolle has been the Chief Executive Officer of Icade S.A. at Caisse des dépôts et consignations since April 29, 2015 and Icade EMGP since September 29, 2016. Mr. Wigniolle served as the Chie ...
CEO Compensation Analysis
Compensation vs. Market: Olivier's total compensation ($USD539.38K) is below average for companies of similar size in the French market ($USD2.60M).
Compensation vs Earnings: Olivier's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.0yrs
Average Tenure
53yo
Average Age
Experienced Management: ICAD's management team is considered experienced (3 years average tenure).
Board Age and Tenure
3.3yrs
Average Tenure
58.5yo
Average Age
Experienced Board: ICAD's board of directors are considered experienced (3.3 years average tenure).
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
Management Team
Olivier Wigniolle (56yo)
Chief Executive Officer
- Tenure: 4.5yrs
- Compensation: €484.20k
Jean-Philippe Carrascosa
Head of Corporate Oversight and Financing
- Tenure: 0yrs
Marianne de Battisti (64yo)
Head of Innovation
- Tenure: 1.9yrs
Laurent Poinsard (53yo)
Head of Audit
- Tenure: 4yrs
Victoire Aubry (53yo)
Head of Finance
- Tenure: 4.1yrs
Xavier de La Sudrie
Head of Financial Control
- Tenure: 0yrs
Jean d'Aillières
Head of Investor Relations
- Tenure: 0yrs
Marc le Blanc (42yo)
Head of Human Resources & CSR
- Tenure: 1.8yrs
Anne-Sophie Lanaute
Director of Financial Communication and Investor Relations
- Tenure: 0.8yrs
Sophie Duval
Head of Consolidation & Accounting
- Tenure: 0yrs
Board Members
Georges Ralli (71yo)
Independent Director
- Tenure: 3.4yrs
- Compensation: €50.80k
Marie-Christine Lambert (66yo)
Independent Director
- Tenure: 8yrs
- Compensation: €29.80k
Frédéric Thomas (63yo)
Chairman of the Board
- Tenure: 0.5yrs
- Compensation: €24.50k
Olivier Mareuse (56yo)
Director
- Tenure: 8.4yrs
Jean-Paul Faugère (63yo)
Director
- Tenure: 6.8yrs
Sophie Quatrehomme (43yo)
Director
- Tenure: 1.6yrs
Nathalie Tessier (56yo)
Director
- Tenure: 4.5yrs
Florence Peronnau (61yo)
Vice Chairman of the Board & Lead Independent Director
- Tenure: 0.8yrs
- Compensation: €36.80k
Virginie Fernandes (45yo)
Director
- Tenure: 3.1yrs
- Compensation: €105.00k
Carole Abbey (43yo)
Director
- Tenure: 1.6yrs
Company Information
Icade's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Icade
- Ticker: ICAD
- Exchange: ENXTPA
- Founded: 1954
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: €6.230b
- Shares outstanding: 73.90m
- Website: https://www.icade.fr
Number of Employees
Location
- Icade
- Open Building
- 27 rue Camille Desmoulins
- Issy-les-Moulineaux
- Ile-de-France
- 92130
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ICAD | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Jan 1990 |
| 0K4O | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1990 |
| CDMG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1990 |
| 3IC | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1990 |
| ICADP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1990 |
Biography
As an investor and a developer, Icade is an integrated real estate player which designs innovative real estate products and services adapted to new urban lifestyles and habits. By placing corporate social ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 20:38 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.