ENXTPA:NXI

Stock Analysis Report

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Executive Summary

Nexity SA operates as a real estate company in Europe and internationally. More Details


Snowflake Analysis

Good value average dividend payer.


Similar Companies

Share Price & News

How has Nexity's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NXI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-10.4%

NXI

-6.3%

FR Real Estate

-4.3%

FR Market


1 Year Return

-39.7%

NXI

-21.5%

FR Real Estate

-10.9%

FR Market

Return vs Industry: NXI underperformed the French Real Estate industry which returned -21.4% over the past year.

Return vs Market: NXI underperformed the French Market which returned -10.7% over the past year.


Shareholder returns

NXIIndustryMarket
7 Day-10.4%-6.3%-4.3%
30 Day-9.6%-6.0%-4.3%
90 Day-10.2%-5.9%-2.2%
1 Year-35.2%-39.7%-17.9%-21.5%-8.9%-10.9%
3 Year-39.5%-49.8%-13.6%-24.4%3.0%-6.0%
5 Year-11.4%-32.8%46.6%20.6%36.0%17.2%

Price Volatility Vs. Market

How volatile is Nexity's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nexity undervalued compared to its fair value and its price relative to the market?

26.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NXI (€25.96) is trading below our estimate of fair value (€35.24)

Significantly Below Fair Value: NXI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NXI is poor value based on its PE Ratio (12.5x) compared to the FR Real Estate industry average (9.3x).

PE vs Market: NXI is good value based on its PE Ratio (12.5x) compared to the French market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: NXI is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: NXI's PB Ratio (0.9x) is in line with the FR Real Estate industry average.


Next Steps

Future Growth

How is Nexity forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

33.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NXI's forecast earnings growth (33.8% per year) is above the savings rate (0.6%).

Earnings vs Market: NXI's earnings (33.8% per year) are forecast to grow faster than the French market (24.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NXI's revenue (5.7% per year) is forecast to grow slower than the French market (6.7% per year).

High Growth Revenue: NXI's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NXI's Return on Equity is forecast to be low in 3 years time (10.1%).


Next Steps

Past Performance

How has Nexity performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NXI has high quality earnings.

Growing Profit Margin: NXI's current net profit margins (2.8%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: NXI's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: NXI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NXI had negative earnings growth (-35.5%) over the past year, making it difficult to compare to the Real Estate industry average (3.7%).


Return on Equity

High ROE: NXI's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is Nexity's financial position?


Financial Position Analysis

Short Term Liabilities: NXI's short term assets (€5.2B) exceed its short term liabilities (€4.2B).

Long Term Liabilities: NXI's short term assets (€5.2B) exceed its long term liabilities (€2.2B).


Debt to Equity History and Analysis

Debt Level: NXI's debt to equity ratio (138.1%) is considered high.

Reducing Debt: NXI's debt to equity ratio has increased from 58.1% to 138.1% over the past 5 years.

Debt Coverage: NXI's debt is not well covered by operating cash flow (14.2%).

Interest Coverage: NXI's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Nexity current dividend yield, its reliability and sustainability?

7.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NXI's dividend (7.7%) is higher than the bottom 25% of dividend payers in the French market (1.56%).

High Dividend: NXI's dividend (7.7%) is in the top 25% of dividend payers in the French market (5.27%)


Stability and Growth of Payments

Stable Dividend: NXI's dividend payments have been volatile in the past 10 years.

Growing Dividend: NXI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (96.4%), NXI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NXI's dividends in 3 years are forecast to be covered by earnings (83% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Alain Dinin (69 yo)

0.42

Tenure

€2,016,356

Compensation

Mr. Alain Dinin has been the Chairman of Nexity since September 28, 2004 and has been its Chief Executive Officer since April 25, 2020. He was President and Chief Executive Officer of Nexity since Septembe ...


CEO Compensation Analysis

Compensation vs Market: Alain's total compensation ($USD2.34M) is above average for companies of similar size in the French market ($USD1.03M).

Compensation vs Earnings: Alain's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alain Dinin
Chairman & CEO0.42yr€2.02m2.16%
€ 31.0m
Julien Francois Carmona
Deputy CEOno data€1.44m0.062%
€ 889.1k
Eric Lalechère
Group Chief Financial Officer3.67yrsno datano data
Domitille Vielle
Head of Investor Relations4.67yrsno datano data
Stephanie Le de Kerland
Director of Legal Affairs1.67yrsno datano data
Véronique Creissels
Director of Communicationsno datano datano data
Sophie Audebert
Group Human Resources Director1.67yrsno datano data
Frederic Augier
Deputy Chief Executive Officer in charge of the Individual Client3.67yrsno datano data
Frédéric Verdavaine
Deputy CEO & Incharge of Individual Clients6yrsno datano data
Laurent Bizeur
Deputy Chief Executive Officer5.67yrsno datano data
Bertrand Coté
Chairman & CEO of the Property Mgmt Unit - Real Estate Svcs to Companies Division8yrsno datano data
Véronique Bédague-Hamilius
Deputy CEO in charge of Commercial & Local Authority Clients2.58yrsno datano data

3.7yrs

Average Tenure

56yo

Average Age

Experienced Management: NXI's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alain Dinin
Chairman & CEO0.42yr€2.02m2.16%
€ 31.0m
Valérie Mellul
Chairman & CEO of Nexity Conseil Et Transaction5.67yrsno datano data
Jean-Marie Fournet
Chairman & CEO of Ægide-Domitysno datano datano data
Agnes Nahum
Independent Director5.33yrs€30.68k0.00036%
€ 5.2k
Pascal Oddo
Non-Voting Directorno data€10.04k0%
€ 0
Jacques Veyrat
Director7.33yrs€26.77k0.00045%
€ 6.5k
Jean-Pierre Denis
Director5.17yrs€36.26k0.0045%
€ 64.8k
Charles-Henri Filippi
Independent Director3.75yrs€40.16k0.000010%
€ 143.8
Jerome Grivet
Director5.17yrsno data0.00036%
€ 5.2k
Luce Gendry
Vice Chairman & Senior Independent Director5.58yrs€58.57k0.0029%
€ 41.7k
Soumia Belaidi-Malinbaum
Independent Director5.5yrs€42.95k0.00054%
€ 7.8k
Jean-Luc Porcedo
Chairman of Nexity Villes & Projetsno datano datano data

5.5yrs

Average Tenure

64yo

Average Age

Experienced Board: NXI's board of directors are considered experienced (5.5 years average tenure).


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

Nexity SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nexity SA
  • Ticker: NXI
  • Exchange: ENXTPA
  • Founded: 1995
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: €1.438b
  • Shares outstanding: 55.38m
  • Website: https://www.nexity.fr

Number of Employees


Location

  • Nexity SA
  • 19, rue de Vienne
  • Cedex 8
  • Paris
  • Ile-de-France
  • 75801
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NXYA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2004
NQ9DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2004
NXIENXTPA (Euronext Paris)YesOrdinary SharesFREUROct 2004
0KB3LSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2004
NXIPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2004
NNXX.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDFeb 2018

Biography

Nexity SA operates as a real estate company in Europe and internationally. The company operates through Individual Clients Division, Commercial Clients Division, and Other Activities segments. It develops ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 03:54
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.