Fonciere Inea
Market Cap
€326.8m
Last Updated
2021/01/23 19:26 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with imperfect balance sheet.
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 is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: INEA's weekly volatility (1%) has been stable over the past year.
Market Performance
7 Day Return
-0.8%
INEA
-6.1%
FR REITs
-0.5%
FR Market
1 Year Return
-7.9%
INEA
-34.6%
FR REITs
-3.8%
FR Market
Return vs Industry: INEA exceeded the French REITs industry which returned -34.6% over the past year.
Return vs Market: INEA underperformed the French Market which returned -3.8% over the past year.
Shareholder returns
| INEA | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -6.1% | -0.5% |
| 30 Day | -0.8% | -5.8% | 1.1% |
| 90 Day | 2.1% | 18.0% | 12.7% |
| 1 Year | -2.0%-7.9% | -30.3%-34.6% | -2.0%-3.8% |
| 3 Year | 16.6%-1.5% | -18.0%-31.2% | 14.3%4.7% |
| 5 Year | 37.4%5.7% | 8.6%-18.5% | 60.7%36.9% |
Long-Term 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
1 month ago | Simply Wall St
What Kind Of Investors Own Most Of Fonciere Inea S.A. (EPA:INEA)?5 months ago | Simply Wall St
Is Fonciere Inea S.A.'s (EPA:INEA) Shareholder Ownership Skewed Towards Insiders?8 months ago | Simply Wall St
How Much Of Fonciere Inea S.A. (EPA:INEA) Do Insiders Own?Valuation
Is Fonciere Inea undervalued compared to its fair value and its price relative to the market?
9.84x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: INEA (€38.7) is trading above our estimate of fair value (€35.02)
Significantly Below Fair Value: INEA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: INEA is poor value based on its PE Ratio (9.8x) compared to the FR REITs industry average (8.2x).
PE vs Market: INEA is good value based on its PE Ratio (9.8x) compared to the French market (23.1x).
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 overvalued based on its PB Ratio (0.8x) compared to the FR REITs industry average (0.7x).
Next Steps
Future Growth
How is Fonciere Inea forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
23.1%
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
- Fonciere Inea is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
- 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?
33.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INEA has a large one-off gain of €14.2M impacting its June 30 2020 financial results.
Growing Profit Margin: INEA's current net profit margins (74.2%) are lower than last year (79.5%).
Past Earnings Growth Analysis
Earnings Trend: INEA's earnings have grown significantly by 33.1% per year over the past 5 years.
Accelerating Growth: INEA's earnings growth over the past year (0.7%) is below its 5-year average (33.1% per year).
Earnings vs Industry: INEA earnings growth over the past year (0.7%) underperformed the REITs industry 5.7%.
Return on Equity
High ROE: INEA's Return on Equity (8.6%) is considered low.
Next Steps
Financial Health
How is Fonciere Inea's financial position?
Financial Position Analysis
Short Term Liabilities: INEA's short term assets (€33.8M) do not cover its short term liabilities (€39.6M).
Long Term Liabilities: INEA's short term assets (€33.8M) do not cover its long term liabilities (€306.4M).
Debt to Equity History and Analysis
Debt Level: INEA's debt to equity ratio (80.6%) is considered high.
Reducing Debt: INEA's debt to equity ratio has reduced from 99.1% to 80.6% over the past 5 years.
Debt Coverage: INEA's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: INEA's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
Next Steps
Dividend
What is Fonciere Inea current dividend yield, its reliability and sustainability?
6.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: INEA's dividend (6.46%) is higher than the bottom 25% of dividend payers in the French market (1.35%).
High Dividend: INEA's dividend (6.46%) is in the top 25% of dividend payers in the French market (4.55%)
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 (128%), 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
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average board tenure
CEO
Philippe Rosio (60 yo)
6.17yrs
Tenure
Mr. Philippe Rosio has been Chairman of the Board and Chief Executive Officer of Fonciere Inea S.A. since November 18, 2014 and is its President. Mr. Rosio served as the Chairman of Executive Board at Fonc...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.17yrs | no data | no data | |
| Deputy CEO & Director | 6.17yrs | no data | no data | |
| Director | 6.17yrs | €9.75k | no data | |
| Director | 1yr | no data | no data | |
| Independent Director | 1.58yrs | €3.90k | no data | |
| Independent Director | 2.67yrs | €9.75k | no data | |
| Independent Director | 1.58yrs | €5.85k | no data | |
| Independent Director | 1.58yrs | €5.85k | no data | |
| Independent Director | 1.58yrs | €5.85k | no data | |
| Independent Director | 1.58yrs | €5.85k | no data | |
| Independent Director | 1.58yrs | €5.85k | no data | |
| Independent Director | 2.67yrs | €9.75k | no data |
1.6yrs
Average Tenure
55yo
Average Age
Experienced Board: INEA's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: €326.785m
- Shares outstanding: 8.44m
- Website: https://fonciere-inea.com/mentions-legales/
Location
- Fonciere Inea S.A.
- 7 rue du FossE 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. T...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 19:26 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.