Fonciere Inea
Market Cap
€348.6m
Last Updated
2020/01/16 21:03 UTC
Data Sources
Company Financials
Executive Summary
Fonciere Inea S.A., a real estate investment company, engages in owning and managing business real estate properties in France.
Rewards
Risk Analysis
Snowflake Analysis
Good value average dividend payer.
Share Price & News
How has Fonciere Inea's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: INEA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.5%
INEA
0.6%
FR REITs
0.3%
FR Market
1 Year Return
7.0%
INEA
25.3%
FR REITs
24.8%
FR Market
Return vs Industry: INEA underperformed the French REITs industry which returned 25.2% over the past year.
Return vs Market: INEA underperformed the French Market which returned 24.9% over the past year.
Shareholder returns
| INEA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 0.6% | 0.3% |
| 30 Day | -1.0% | 4.3% | 2.0% |
| 90 Day | 4.5% | 7.3% | 7.8% |
| 1 Year | 13.3%7.0% | 33.7%25.3% | 29.3%24.8% |
| 3 Year | 28.3%9.8% | 46.1%22.7% | 43.9%30.2% |
| 5 Year | 55.2%22.5% | 64.3%24.7% | 66.6%42.3% |
Price Volatility Vs. Market
How volatile is Fonciere Inea's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Here's Why I Think Fonciere Inea (EPA:INEA) Is An Interesting Stock1 month ago | Simply Wall St
Investors Who Bought Fonciere Inea (EPA:INEA) Shares Five Years Ago Are Now Up 13%2 months ago | Simply Wall St
Should Fonciere Inea S.A. (EPA:INEA) Be Part Of Your Dividend Portfolio?Valuation
Is Fonciere Inea undervalued compared to its fair value and its price relative to the market?
15.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: INEA (€41.8) is trading below our estimate of fair value (€49.06)
Significantly Below Fair Value: INEA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: INEA is good value based on its PE Ratio (7.7x) compared to the REITs industry average (11.9x).
PE vs Market: INEA is good value based on its PE Ratio (7.7x) compared to the French market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate INEA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: INEA is good value based on its PB Ratio (0.9x) compared to the FR REITs industry average (1x).
Next Steps
Future Growth
How is Fonciere Inea forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-3.5%
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 Fonciere Inea 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
- Examine whether Fonciere Inea 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.
- Fonciere Inea competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Fonciere Inea performed over the past 5 years?
40.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INEA has a large one-off gain of €17.4M impacting its June 30 2019 financial results.
Growing Profit Margin: INEA's current net profit margins (79.5%) are lower than last year (80.7%).
Past Earnings Growth Analysis
Earnings Trend: INEA's earnings have grown significantly by 40.2% per year over the past 5 years.
Accelerating Growth: INEA's earnings growth over the past year (11.6%) is below its 5-year average (40.2% per year).
Earnings vs Industry: INEA earnings growth over the past year (11.6%) exceeded the REITs industry 11.5%.
Return on Equity
High ROE: INEA's Return on Equity (8.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Fonciere Inea'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: INEA has a high level of physical assets or inventory.
Debt Coverage by Assets: INEA's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: INEA's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if INEA has a sufficient allowance for bad loans.
Low Risk Liabilities: INEA reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if INEA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: INEA has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if INEA has an appropriate level of bad loans.
Next Steps
Dividend
What is Fonciere Inea's current dividend yield, its reliability and sustainability?
5.31%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: INEA's dividend (5.26%) is higher than the bottom 25% of dividend payers in the French market (1.46%).
High Dividend: INEA's dividend (5.26%) is in the top 25% of dividend payers in the French market (4.43%)
Stability and Growth of Payments
Stable Dividend: INEA's dividends per share have been stable in the past 10 years.
Growing Dividend: INEA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (103.6%), INEA's dividend payments are not well 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.
Next Steps
Management
What is the CEO of Fonciere Inea's salary, the management and board of directors tenure and is there insider trading?
5.2yrs
Average board tenure
CEO
Philippe Rosio 0
5.2yrs
Tenure
Mr. Philippe Rosio has been Chairman of the Board and Chief Executive Officer of Fonciere Inea S.A. since November 18, 2014. Mr. Rosio served as the Chairman of Executive Board at Fonciere Inea S.A. Mr. Ro ...
Board Age and Tenure
5.2yrs
Average Tenure
61.5yo
Average Age
Experienced Board: INEA's board of directors are considered experienced (5.2 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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
Management Team
Philippe Rosio
Chairman & CEO
- Tenure: 5.2yrs
Arline Gaujal-Kempler
Deputy CEO & Director
- Tenure: 5.2yrs
Karine Dachary
Chief Financial Officer
Board Members
Eric Grabli
Independent Director
- Tenure: 5.2yrs
- Compensation: €3.90k
Pierre Adier (54yo)
Director
- Tenure: 5.2yrs
- Compensation: €15.60k
Daniel Fruchart (73yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: €12.45k
Hélène Martel-Massignac (57yo)
Director
- Tenure: 5.2yrs
Philippe Rosio
Chairman & CEO
- Tenure: 5.2yrs
Arline Gaujal-Kempler
Deputy CEO & Director
- Tenure: 5.2yrs
Guy Charlot (66yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: €3.90k
Jean Belmudes
Independent Director
- Tenure: 5.2yrs
- Compensation: €6.50k
Alessandra Ertan
Director
- Tenure: 0.6yrs
Arnault Dumont
Director
- Tenure: 0.6yrs
Company Information
Fonciere Inea S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fonciere Inea S.A.
- Ticker: INEA
- Exchange: ENXTPA
- Founded: 2005
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: €348.574m
- Shares outstanding: 8.42m
- Website: https://www.inea-sa.eu
Location
- Fonciere Inea S.A.
- 7 rue du Fossé Blanc
- Gennevilliers
- Ile-de-France
- 92230
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| INEA | ENXTPA (Euronext Paris) | Yes | Common Stock | FR | EUR | Dec 2006 |
| 0IDG | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Dec 2006 |
| INEAP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Dec 2006 |
Biography
Fonciere Inea S.A., a real estate investment company, engages in owning and managing business real estate properties in France. As of December 31, 2010, its property portfolio consisted of 111 buildings. The company was founded in 2005 and is based in Paris, France.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/16 21:03 |
| End of Day Share Price | 2020/01/16 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.