Icade Future Growth

Future criteria checks 3/6

Icade is forecast to grow earnings and revenue by 93.7% and 4.3% per annum respectively. EPS is expected to grow by 103.9% per annum. Return on equity is forecast to be 5.6% in 3 years.

Key information

93.7%

Earnings growth rate

103.9%

EPS growth rate

REITs earnings growth	38.0%
Revenue growth rate	4.3%
Future return on equity	5.6%
Analyst coverage	Good
Last updated	20 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

ENXTPA:ICAD - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,565	280	N/A	232	4
12/31/2025	1,538	191	N/A	237	4
12/31/2024	1,549	-195	N/A	252	4
6/30/2024	1,523	-953	265	265	N/A
3/31/2024	1,524	-1,121	251	251	N/A
12/31/2023	1,525	-1,289	238	238	N/A
9/30/2023	1,494	-1,116	317	317	N/A
6/30/2023	1,464	-944	397	397	N/A
3/31/2023	1,467	-657	319	319	N/A
12/31/2022	1,469	-370	242	242	N/A
9/30/2022	1,496	-61	N/A	N/A	N/A
6/30/2022	1,524	249	547	224	N/A
3/31/2022	1,586	324	538	377	N/A
12/31/2021	1,648	399	529	529	N/A
6/30/2021	1,640	280	-51	600	N/A
3/31/2021	1,534	178	34	625	N/A
12/31/2020	1,429	76	120	650	N/A
6/30/2020	1,458	259	-233	453	N/A
3/31/2020	1,485	278	-325	411	N/A
12/31/2019	1,512	298	-417	369	N/A
9/30/2019	1,587	235	-317	358	N/A
6/30/2019	1,662	173	-218	346	N/A
3/31/2019	1,717	165	-193	351	N/A
12/31/2018	1,773	156	-169	356	N/A
9/30/2018	1,714	137	-258	372	N/A
6/30/2018	1,655	118	-348	387	N/A
3/31/2018	1,642	142	N/A	362	N/A
12/31/2017	1,629	165	N/A	337	N/A
6/30/2017	1,596	106	N/A	255	N/A
3/31/2017	1,542	75	N/A	235	N/A
12/31/2016	1,487	45	N/A	215	N/A
6/30/2016	1,391	-101	N/A	309	N/A
3/31/2016	1,411	-144	N/A	307	N/A
12/31/2015	1,431	-187	N/A	305	N/A
6/30/2015	1,649	82	N/A	526	N/A
3/31/2015	1,687	116	N/A	506	N/A
12/31/2014	1,725	151	N/A	486	N/A
9/30/2014	1,683	111	N/A	342	N/A
6/30/2014	1,602	79	N/A	199	N/A
3/31/2014	1,540	103	N/A	184	N/A
12/31/2013	1,479	127	N/A	170	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICAD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).

Earnings vs Market: ICAD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ICAD is expected to become profitable in the next 3 years.

Revenue vs Market: ICAD's revenue (4.3% per year) is forecast to grow slower than the French market (5.5% per year).

High Growth Revenue: ICAD's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ICAD's Return on Equity is forecast to be low in 3 years time (5.6%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 03:57
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Icade is covered by 29 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ruud Van Maanen	ABN AMRO Bank N.V.
Alda Kule Dale	AlphaValue
Aaron Guy	Barclays

Icade Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 55%, revenue upgraded

Price target increased by 7.4% to €30.32

Price target decreased by 7.8% to €29.59

Price target decreased by 8.3% to €32.09

Price target decreased by 7.9% to €32.82

Consensus EPS estimates upgraded to €6.67 loss, revenue downgraded

Recent updates

Now 21% overvalued

Icade to Report Fiscal Year 2024 Results on Feb 18, 2025

Now 20% undervalued

Consensus EPS estimates fall by 55%, revenue upgraded

Price target increased by 7.4% to €30.32

First half 2024 earnings released: €2.38 loss per share (vs €6.80 loss in 1H 2023)

Now 23% undervalued after recent price drop

Now 21% undervalued

Now 20% undervalued

Price target decreased by 7.8% to €29.59

Price target decreased by 8.3% to €32.09

Price target decreased by 7.9% to €32.82

Dividend of €2.42 announced

Now 21% undervalued after recent price drop

Upcoming dividend of €2.42 per share

Icade, Annual General Meeting, Apr 19, 2024

Consensus EPS estimates upgraded to €6.67 loss, revenue downgraded

Consensus EPS estimates fall by 69%

Consensus EPS estimates fall by 63%

Icade to Report Q1, 2024 Results on Apr 22, 2024

Icade to Report First Half, 2024 Results on Jul 22, 2024

Icade to Report Fiscal Year 2023 Results on Feb 19, 2024

Icade(ENXTPA:ICAD) dropped from FTSE All-World Index (USD)

Price target decreased by 7.3% to €41.55

Consensus EPS estimates fall by 160%

Now 20% undervalued after recent price drop

Primonial REIM and Société Générale Assurances completed the acquisition of 63% stake in Icade Santé SAS from Icade (ENXTPA:ICAD) and its Minority Shareholders.

Upcoming dividend of €2.17 per share at 12% yield

Consensus estimates of losses per share improve by 75%

Vauban Infrastructure Partners and Icade (ENXTPA:ICAD) agreed to acquire A2A Coriance SAS.

Consensus EPS estimates fall by 17%, revenue upgraded

Oteis France Sas agreed to acquire AMO and EXPERTISE SANTE activity from Icade (ENXTPA:ICAD).

Consensus EPS estimates fall by 17%

Consensus estimates of losses per share improve by 16%

Consensus EPS estimates fall by 15%

An undisclosed buyer acquired Michigan Garden Project from Icade SA (ENXTPA:ICAD) for €108 million.

Icade SA (ENXTPA:ICAD) acquired Défense Parc complex in Nanterre Préfecture for €63 million.

Icade SA to Report Q1, 2023 Results on Apr 24, 2023

Icade SA to Report Fiscal Year 2022 Results on Feb 20, 2023

Consensus forecasts updated

Consensus forecasts updated

Elysées Pierre signed a bilateral preliminary agreement to acquire 16,000-Sq.m AXE 13 Office Building in Nanterre from Icade (ENXTPA:ICAD).

Investor sentiment deteriorated over the past week

Upcoming dividend of €2.10 per share

Funds managed by Primonial REIM acquired Gambetta building in paris from Icade (ENXTPA:ICAD) for approximately €220 million.

Funds managed by Primonial REIM acquired Gambetta building in paris from Icade (ENXTPA:ICAD) for approximately €220 million.

Residences Le Logement Des Fonctionnaires SA signed a bilateral preliminary agreement to acquire Residual Residential Portfolio from Icade (ENXTPA:ICAD) for €49.9 million.

Icade (ENXTPA:ICAD) acquired 50.1% interest in M&A Group.

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

An unknown buyer completed the acquisition of Office building in Boulogne-Billancourt from Icade SA (ENXTPA:ICAD).

Consensus EPS estimates increase to €1.91

Consensus EPS estimates increase to €1.10

First half 2021 earnings released: EPS €2.52 (vs €0.07 in 1H 2020)

Consensus forecasts updated

Revenue beats expectations, earnings disappoint

A Look At Icade's (EPA:ICAD) Share Price Returns

New 90-day low: €55.50

Analysts update estimates

How Did Icade SA's (EPA:ICAD) 8.0% ROE Fare Against The Industry?

A pan-European fund dedicated to a German institutional investor managed by Aberdeen Standard Investments Limited acquired Two residential buildings in Rueil-Malmaison from Icade SA (ENXTPA:ICAD) for €14.6 million.

Icade SA (ENXTPA:ICAD) acquired Ad Vitam

Icade SA to Report Q1, 2021 Results on Apr 23, 2021

Icade SA (ENXTPA:ICAD) agreed to acquire Four Nursing Homes in France from Korian (ENXTPA:KORI) for €33.5 million.

What Type Of Shareholders Make Up Icade SA's (EPA:ICAD) Share Registry?

New 90-day high: €68.20

Market bids up stock over the past week