Upcoming Dividend • May 29
Upcoming dividend of €2.07 per share Eligible shareholders must have bought the stock before 05 June 2026. Payment date: 09 June 2026. Trailing yield: 4.2%. Lower than top quartile of French dividend payers (5.6%). Lower than average of industry peers (7.3%). Announcement • Apr 07
Immobiliere Dassault SA, Annual General Meeting, May 11, 2026 Immobiliere Dassault SA, Annual General Meeting, May 11, 2026. Location: 9 rond point des champs elysees, marcel dassault, paris France Declared Dividend • Mar 15
Dividend increased to €2.70 Dividend of €2.70 is 30% higher than last year. Ex-date: 5th June 2026 Payment date: 9th June 2026 Dividend yield will be 5.3%, which is lower than the industry average of 10%. Reported Earnings • Mar 10
Full year 2025 earnings released: EPS: €4.03 (vs €3.99 in FY 2024) Full year 2025 results: EPS: €4.03 (up from €3.99 in FY 2024). Revenue: €34.8m (up 14% from FY 2024). Net income: €28.3m (up 3.6% from FY 2024). Profit margin: 81% (down from 90% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jul 30
First half 2025 earnings released: EPS: €2.83 (vs €1.46 in 1H 2024) First half 2025 results: EPS: €2.83 (up from €1.46 in 1H 2024). Revenue: €17.1m (up 8.1% from 1H 2024). Net income: €19.4m (up 94% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
Immobiliere Dassault SA (ENXTPA:IMDA) completed the acquisition of Building located at 88 rue de Rivoli in Paris from Pacific Investment Management Company LLC. Immobiliere Dassault SA (ENXTPA:IMDA) signed a promise of sale to acquire Building located at 88 rue de Rivoli in Paris from Pacific Investment Management Company LLC on June 13, 2025. The building, which covers approximately 6,000, constitutes an entire block facing the Saint Jacques Tower in the historic and touristy district of Paris's 4th arrondissement. This exceptional asset includes one of the last iconic Zara flagships, retail stores, and offices. The transaction is expected to be finalized before the end of 2025
Immobiliere Dassault SA (ENXTPA:IMDA) completed the acquisition of Building located at 88 rue de Rivoli in Paris from Pacific Investment Management Company LLC on July 28, 2025. To finance this acquisition, a new medium-term financing of €85 million has been put in place. Groupe Industriel Marcel Dassault (GIMD) has also granted Immobilière Dassault a current account advance of up to €25 million under market conditions. Announcement • Jun 13
Immobiliere Dassault SA (ENXTPA:IMDA) signed a promise of sale to acquire Building located at 88 rue de Rivoli in Paris from Pacific Investment Management Company LLC. Immobiliere Dassault SA (ENXTPA:IMDA) signed a promise of sale to acquire Building located at 88 rue de Rivoli in Paris from Pacific Investment Management Company LLC on June 13, 2025. The building, which covers approximately 6,000, constitutes an entire block facing the Saint Jacques Tower in the historic and touristy district of Paris's 4th arrondissement. This exceptional asset includes one of the last iconic Zara flagships, retail stores, and offices. The transaction is expected to be finalized before the end of 2025 Upcoming Dividend • Jun 05
Upcoming dividend of €2.08 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 16 June 2025. Trailing yield: 3.9%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (9.1%). Announcement • Apr 08
Immobiliere Dassault SA, Annual General Meeting, May 15, 2025 Immobiliere Dassault SA, Annual General Meeting, May 15, 2025. Location: 9 rond point des champs elysees, marcel dassault, paris France Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: €3.99 (vs €3.84 loss in FY 2023) Full year 2024 results: EPS: €3.99 (up from €3.84 loss in FY 2023). Revenue: €30.1m (up 7.7% from FY 2023). Net income: €27.3m (up €53.4m from FY 2023). Profit margin: 91% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Feb 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Cash payout ratio: 113% Earnings have declined by 31% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Reported Earnings • Jul 30
First half 2024 earnings released: EPS: €1.46 (vs €0.39 in 1H 2023) First half 2024 results: EPS: €1.46 (up from €0.39 in 1H 2023). Revenue: €15.8m (up 14% from 1H 2023). Net income: €9.97m (up 284% from 1H 2023). Profit margin: 63% (up from 19% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 20
Full year 2023 earnings released: €3.81 loss per share (vs €6.51 profit in FY 2022) Full year 2023 results: €3.81 loss per share (down from €6.51 profit in FY 2022). Revenue: €27.9m (up 7.6% from FY 2022). Net loss: €26.1m (down 160% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.7% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buying Opportunity • Dec 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be €59.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Oct 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be €61.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Sep 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be €61.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Sep 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.4%. The fair value is estimated to be €62.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.7% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • May 08
Upcoming dividend of €2.72 per share at 3.2% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 06 June 2023. Trailing yield: 3.2%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (9.9%). Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: €6.51 (vs €10.80 in FY 2021) Full year 2022 results: EPS: €6.51 (down from €10.80 in FY 2021). Revenue: €25.9m (up 2.1% from FY 2021). Net income: €43.8m (down 40% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Jul 22
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €27.5m from profit in 1H 2021). Profit margin: (down from 212% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 16
Upcoming dividend of €1.30 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Trailing yield: 2.1%. Lower than top quartile of French dividend payers (5.1%). Lower than average of industry peers (5.8%). Is New 90 Day High Low • Jan 29
New 90-day low: €56.00 The company is down 2.0% from its price of €57.00 on 30 October 2020. The French market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 31% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: €59.40 The company is down 7.0% from its price of €63.60 on 17 July 2020. The French market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 10.0% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: €62.00 The company is down 5.0% from its price of €65.20 on 26 June 2020. The French market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 19% over the same period. 