ENXTPA:NXI

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

6 star dividend payer with moderate growth potential.


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


Market Performance


7 Day Return

5.3%

NXI

1.2%

FR Real Estate

1.6%

FR Market


1 Year Return

2.0%

NXI

-1.1%

FR Real Estate

9.6%

FR Market

Return vs Industry: NXI exceeded the French Real Estate industry which returned -1.1% over the past year.

Return vs Market: NXI underperformed the French Market which returned 9.6% over the past year.


Shareholder returns

NXIIndustryMarket
7 Day5.3%1.2%1.6%
30 Day2.0%-0.3%0.6%
90 Day16.1%6.4%0.6%
1 Year8.6%2.0%2.7%-1.1%13.4%9.6%
3 Year13.5%-3.2%33.8%19.7%42.9%29.1%
5 Year105.8%59.5%135.6%97.7%71.1%45.2%

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?

18.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: NXI (€44.96) is trading below our estimate of fair value (€54.82)

Significantly Undervalued: NXI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NXI is poor value based on its PE Ratio (14x) compared to the Real Estate industry average (10.4x).

PE vs Market: NXI is good value based on its PE Ratio (14x) compared to the French market (17.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: NXI is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: NXI is overvalued based on its PB Ratio (1.5x) compared to the FR Real Estate industry average (1x).


Next Steps

Future Growth

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

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NXI's forecast earnings growth (11.8% per year) is above the savings rate (0.7%).

Earnings vs Market: NXI's earnings (11.8% per year) are forecast to grow faster than the French market (11.4% per year).

High Growth Earnings: NXI's earnings are forecast to grow, but not significantly.

Revenue vs Market: NXI's revenue (6.6% per year) is forecast to grow faster than the French market (4.5% per year).

High Growth Revenue: NXI's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: NXI's Return on Equity is forecast to be low in 3 years time (13%).


Next Steps

Past Performance

How has Nexity performed over the past 5 years?

29.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NXI's earnings have grown significantly by 29.6% 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 (-36.4%) over the past year, making it difficult to compare to the Real Estate industry average (-0.4%).


Return on Equity

High ROE: NXI's Return on Equity (11.2%) is considered low.


Return on Assets

ROA vs Industry: NXI's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: NXI's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Nexity's financial position?


Financial Position Analysis

Short Term Liabilities: NXI's short term assets (€4.7B) exceeds its short term liabilities (€3.8B)

Long Term Liabilities: NXI's short term assets (4.7B) exceeds its long term liabilities (2.0B)


Debt to Equity History and Analysis

Debt Level: NXI's debt to equity ratio (100.9%) is considered high

Reducing Debt: NXI's debt to equity ratio has increased from 47.1% to 100.9% over the past 5 years.

Debt Coverage: NXI's debt is not well covered by operating cash flow (16%).

Interest Coverage: NXI's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet

Inventory Level: NXI has a high level of physical assets or inventory.

Debt Coverage by Assets: NXI's debt is covered by short term assets (assets are 2.830140x debt).


Next Steps

Dividend

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

6.01%

Current Dividend Yield


Dividend Yield vs Market

company6.0%marketbottom25%1.5%markettop25%4.6%industryaverage5.2%forecastin3Years5.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: NXI's dividend (6.01%) is higher than the bottom 25% of dividend payers in the French market (1.53%).

High Dividend: NXI's dividend (6.01%) is in the top 25% of dividend payers in the French market (4.64%)

Stable Dividend: NXI's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.8%), NXI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NXI's dividends in 3 years are forecast to be covered by earnings (62.9% payout ratio).


Next Steps

Management

What is the CEO of Nexity's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Jean-Philippe Ruggieri (50yo)

0.4yrs

Tenure

0

Mr. Jean-Philippe Ruggieri has been Chief Executive Officer at Nexity since May 22, 2019 and served as its Deputy Chief Executive Officer in charge of the Private Client and property development activities ...


Management Age and Tenure

3.3yrs

Average Tenure

51yo

Average Age

Experienced Management: NXI's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

4.6yrs

Average Tenure

67yo

Average Age

Experienced Board: NXI's board of directors are considered experienced (4.6 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


Management Team

  • Alain Dinin (68yo)

    Chairman

    • Tenure: 15.1yrs
    • Compensation: €4.27m
  • Catherine Stéphanoff (66yo)

    Legal Affairs Director & Company Secretary

    • Tenure: 0yrs
  • Julien Francois Carmona (49yo)

    Deputy Chief Executive Officer Internal Client

    • Tenure: 0yrs
  • Frederic Augier

    Deputy Chief Executive Officer in charge of the Individual Client

    • Tenure: 2.8yrs
  • Jean-Philippe Ruggieri (50yo)

    Chief Executive Officer

    • Tenure: 0.4yrs
  • Jean Dupui (51yo)

    Executive VP & Member of Executive Board

    • Tenure: 0yrs
  • Valérie Mellul

    Chairman & CEO of Nexity Conseil Et Transaction

    • Tenure: 4.8yrs
  • Blandine Castarède

    Director of Communications & Brand Strategy

    • Tenure: 0yrs
  • Domitille Vielle

    Head of Investor Relations

    • Tenure: 3.8yrs
  • Eric Lalechère

    Chief Financial Officer

    • Tenure: 2.8yrs

Board Members

  • Pascal Oddo (68yo)

    Non-Voting Director

    • Tenure: 0yrs
    • Compensation: €12.15k
  • Jacques Veyrat (57yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: €18.91k
  • Jean-Pierre Denis (59yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: €31.96k
  • Alain Dinin (68yo)

    Chairman

    • Tenure: 15.1yrs
    • Compensation: €4.27m
  • Charles-Henri Filippi (67yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: €32.41k
  • Jérôme Grivet (57yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: €29.26k
  • Jean-Marie Fournet (70yo)

    Chairman & CEO of Ægide-Domitys

    • Tenure: 0yrs
  • Luce Gendry (70yo)

    Vice Chairman & Senior Independent Director

    • Tenure: 4.7yrs
    • Compensation: €49.97k
  • Valérie Mellul

    Chairman & CEO of Nexity Conseil Et Transaction

    • Tenure: 4.8yrs
  • Soumia Malinbaum (56yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: €38.71k

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: €2.487b
  • Shares outstanding: 55.31m
  • 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
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 in four divisions: Residential Real Estate, Commercial Real Estate, Services, and Other Activities. It develo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:32
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.