Loading...

Selectirente

ENXTPA:SELER
Snowflake Description

Unattractive dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SELER
ENXTPA
€128M
Market Cap
  1. Home
  2. FR
  3. Real Estate
Company description

Selectirente is a public real estate fund managed by Sofidy. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
SELER Share Price and Events
7 Day Returns
-0.6%
ENXTPA:SELER
0.7%
FR REITs
1.5%
FR Market
1 Year Returns
16.8%
ENXTPA:SELER
-0.5%
FR REITs
1.7%
FR Market
SELER Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Selectirente (SELER) -0.6% -0.6% -3.4% 16.8% 24.6% 34.9%
FR REITs 0.7% 1% 1.8% -0.5% 4.5% 14.8%
FR Market 1.5% 1.1% 2.3% 1.7% 32.4% 31.2%
1 Year Return vs Industry and Market
  • SELER outperformed the REITs industry which returned -0.5% over the past year.
  • SELER outperformed the Market in France which returned 1.7% over the past year.
Price Volatility
SELER
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Selectirente undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Selectirente to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Selectirente.

ENXTPA:SELER Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:SELER
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.494 (1 + (1- 33%) (81.3%))
0.842
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.842 * 6.65%)
6.33%

Discounted Cash Flow Calculation for ENXTPA:SELER using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Selectirente is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:SELER DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.33%)
2019 3.46 Est @ 5.37% 3.26
2020 3.60 Est @ 3.98% 3.18
2021 3.71 Est @ 3% 3.09
2022 3.79 Est @ 2.32% 2.97
2023 3.87 Est @ 1.85% 2.84
2024 3.92 Est @ 1.51% 2.71
2025 3.97 Est @ 1.28% 2.59
2026 4.02 Est @ 1.11% 2.46
2027 4.06 Est @ 1% 2.34
2028 4.10 Est @ 0.92% 2.22
Present value of next 10 years cash flows €27.65
ENXTPA:SELER DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €4.10 × (1 + 0.73%) ÷ (6.33% – 0.73%)
€73.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €73.70 ÷ (1 + 6.33%)10
€39.89
ENXTPA:SELER Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €27.65 + €39.89
€67.55
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €67.55 / 1.54
€43.9
ENXTPA:SELER Discount to Share Price
Calculation Result
Value per share (EUR) From above. €43.90
Current discount Discount to share price of €83.50
= -1 x (€83.50 - €43.90) / €43.90
-90.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Selectirente is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Selectirente's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Selectirente's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:SELER PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.71
ENXTPA:SELER Share Price ** ENXTPA (2019-06-19) in EUR €83.5
France REITs Industry PE Ratio Median Figure of 23 Publicly-Listed REITs Companies 10.39x
France Market PE Ratio Median Figure of 423 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Selectirente.

ENXTPA:SELER PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:SELER Share Price ÷ EPS (both in EUR)

= 83.5 ÷ 2.71

30.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Selectirente is overvalued based on earnings compared to the FR REITs industry average.
  • Selectirente is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Selectirente's expected growth come at a high price?
Raw Data
ENXTPA:SELER PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6%per year
France REITs Industry PEG Ratio Median Figure of 10 Publicly-Listed REITs Companies 0.23x
France Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Selectirente, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Selectirente's assets?
Raw Data
ENXTPA:SELER PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €47.50
ENXTPA:SELER Share Price * ENXTPA (2019-06-19) in EUR €83.5
France REITs Industry PB Ratio Median Figure of 26 Publicly-Listed REITs Companies 0.92x
France Market PB Ratio Median Figure of 623 Publicly-Listed Companies 1.46x
ENXTPA:SELER PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:SELER Share Price ÷ Book Value per Share (both in EUR)

= 83.5 ÷ 47.50

1.76x

* Primary Listing of Selectirente.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Selectirente is overvalued based on assets compared to the FR REITs industry average.
X
Value checks
We assess Selectirente's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Selectirente has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Selectirente expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Selectirente, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Selectirente expected to grow at an attractive rate?
  • Selectirente's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Selectirente's earnings growth is positive but not above the France market average.
  • Unable to compare Selectirente's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:SELER Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:SELER Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6%
France REITs Industry Earnings Growth Rate Market Cap Weighted Average -5.4%
France REITs Industry Revenue Growth Rate Market Cap Weighted Average 0.2%
France Market Earnings Growth Rate Market Cap Weighted Average 12.9%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:SELER Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:SELER Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ENXTPA:SELER Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 16 9 4
2018-09-30 16 9 5
2018-06-30 16 9 5
2018-03-31 16 9 6
2017-12-31 16 9 6
2017-09-30 17 9 5
2017-06-30 17 9 4
2017-03-31 17 9 4
2016-12-31 17 9 4
2016-09-30 17 9 4
2016-06-30 17 9 5
2016-03-31 17 9 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Selectirente's earnings are expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Selectirente is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:SELER Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Selectirente Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:SELER Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ENXTPA:SELER Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.71
2018-09-30 3.02
2018-06-30 3.10
2018-03-31 3.61
2017-12-31 3.99
2017-09-30 3.45
2017-06-30 2.90
2017-03-31
2016-12-31 2.43
2016-09-30 3.03
2016-06-30 3.14
2016-03-31 3.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Selectirente will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Selectirente's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Selectirente has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Selectirente performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Selectirente's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Selectirente's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Selectirente's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Selectirente's 1-year earnings growth is negative, it can't be compared to the FR REITs industry average.
Earnings and Revenue History
Selectirente's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Selectirente Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:SELER Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 16.02 4.19 1.01
2018-09-30 15.91 4.65 0.99
2018-06-30 15.81 5.11 0.97
2018-03-31 16.10 5.54 1.01
2017-12-31 16.40 5.97 1.06
2017-09-30 16.71 5.22 1.10
2017-06-30 17.03 4.47 1.15
2017-03-31 17.13 4.01 1.08
2016-12-31 17.23 3.56 1.01
2016-09-30 17.04 4.44 0.96
2016-06-30 16.86 5.32 0.91
2016-03-31 16.63 5.11 0.93
2015-12-31 16.40 4.90 0.95
2015-09-30 16.22 3.89 0.97
2015-06-30 16.04 2.87 0.99
2015-03-31 15.95 3.64 0.93
2014-12-31 15.85 4.41 0.87
2014-09-30 15.54 4.49 0.84
2014-06-30 15.23 4.57 0.80
2014-03-31 14.95 4.35 0.77
2013-12-31 14.66 4.13 0.73
2013-09-30 14.61 4.35 0.69
2013-06-30 14.55 4.58 0.64
2013-03-31 14.52 4.33 0.64
2012-12-31 14.49 4.08 0.64
2012-09-30 14.39 3.96 0.62
2012-06-30 14.30 3.85 0.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Selectirente has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Selectirente used its assets less efficiently than the FR REITs industry average last year based on Return on Assets.
  • Selectirente has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Selectirente's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Selectirente has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Selectirente's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Selectirente's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Selectirente's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Selectirente's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Selectirente's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Selectirente Company Filings, last reported 5 months ago.

ENXTPA:SELER Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 73.09 104.45 5.56
2018-09-30 73.09 104.45 5.56
2018-06-30 73.97 99.92 0.66
2018-03-31 73.97 99.92 0.66
2017-12-31 75.49 103.04 6.62
2017-09-30 75.49 103.04 6.62
2017-06-30 72.10 107.08 9.20
2017-03-31 72.10 107.08 9.20
2016-12-31 70.57 108.50 0.82
2016-09-30 70.57 108.50 0.82
2016-06-30 68.92 112.57 0.72
2016-03-31 68.92 112.57 0.72
2015-12-31 71.11 113.16 2.46
2015-09-30 71.11 113.16 2.46
2015-06-30 67.70 112.38 5.56
2015-03-31 67.70 112.38 5.56
2014-12-31 70.23 108.22 1.52
2014-09-30 70.23 108.22 1.52
2014-06-30 68.84 105.81 7.21
2014-03-31 68.84 105.81 7.21
2013-12-31 69.63 93.65 17.06
2013-09-30 69.63 93.65 17.06
2013-06-30 68.07 76.30 1.12
2013-03-31 68.07 76.30 1.12
2012-12-31 68.80 78.91 3.47
2012-09-30 68.80 78.91 3.47
2012-06-30 66.78 78.75 2.26
  • Selectirente's level of debt (142.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (134.7% vs 142.9% today).
  • Debt is not well covered by operating cash flow (8.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Selectirente's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Selectirente has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.13%
Current annual income from Selectirente dividends.
If you bought €2,000 of Selectirente shares you are expected to receive €83 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Selectirente's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.55%).
  • Selectirente's dividend is below the markets top 25% of dividend payers in France (4.38%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:SELER Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
France REITs Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 5.3%
France Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:SELER Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
ENXTPA:SELER Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-26 3.450 4.111
2019-02-19 3.450 4.090
2018-04-27 3.200 4.156
2018-02-19 3.200 4.411
2017-04-28 2.900 3.984
2017-02-16 2.900 3.981
2016-04-19 2.800 3.959
2016-03-29 2.800 4.112
2015-04-10 2.750 4.229
2015-02-16 2.750 3.945
2014-04-11 2.600 4.096
2014-02-17 2.600 4.401
2013-04-22 2.250 4.086
2013-02-15 2.250 4.423
2012-04-26 2.100 4.722
2012-02-15 2.100 4.636
2011-04-13 1.850 3.981
2011-02-18 1.850 3.787
2010-04-28 1.700 4.101
2010-02-22 1.700 4.217

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Selectirente has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Selectirente only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Selectirente's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Selectirente's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Selectirente afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Selectirente has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jerome Grumler
CEO Bio

Mr. Jérôme Grumler has been the Chairman of the Board of Directors at Selectirente since May 28, 2013.

CEO Compensation
  • Insufficient data for Jerome to compare compensation growth.
  • Insufficient data for Jerome to establish whether their remuneration is reasonable compared to companies of similar size in France.
Management Team

Jerome Grumler

TITLE
Chairman of the Board of Directors

Fabien Miel

TITLE
Director
TENURE
6.1 yrs
Board of Directors Tenure

Average tenure of the Selectirente board of directors in years:

14.1
Average Tenure
  • The average tenure for the Selectirente board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hubert Martinier

TITLE
Chairman of the Supervisory Board
TENURE
22.4 yrs

Jean-Louis Charon

TITLE
Vice-Chairman of the Supervisory Board
AGE
61
TENURE
14.1 yrs

Philippe Labouret

TITLE
Member of Supervisory Board
TENURE
7 yrs

Antoine Flamarion

TITLE
Member of Supervisory Board
TENURE
14.1 yrs

Hélène Hello Escudero

TITLE
Member of Supervisory Board
TENURE
12 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Feb 19 Buy Oddo Bhf Asset Management SAS Company 18. Feb 19 18. Feb 19 1,131 €86.00 €97,266
12. Feb 19 Buy Oddo Bhf Asset Management SAS Company 11. Feb 19 11. Feb 19 1,542 €86.00 €132,612
07. Feb 19 Buy Oddo Bhf Asset Management SAS Company 06. Feb 19 06. Feb 19 3,865 €86.00 €332,390
01. Feb 19 Buy Oddo Bhf Asset Management SAS Company 31. Jan 19 31. Jan 19 1,501 €86.00 €129,086
17. Dec 18 Buy Oddo Bhf Asset Management SAS Company 14. Dec 18 14. Dec 18 212 €87.50 €18,550
10. Dec 18 Buy Oddo Bhf Asset Management SAS Company 07. Dec 18 07. Dec 18 8,119 €86.88 €705,379
03. Dec 18 Buy Oddo Bhf Asset Management SAS Company 30. Nov 18 30. Nov 18 14,712 €87.00 €1,279,944
26. Nov 18 Buy Oddo Bhf Asset Management SAS Company 23. Nov 18 23. Nov 18 4,641 €87.00 €403,767
19. Nov 18 Buy Oddo Bhf Asset Management SAS Company 16. Nov 18 16. Nov 18 5,172 €87.00 €449,964
X
Management checks
We assess Selectirente's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Selectirente has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

With A 6.9% Return On Equity, Is Selectirente (EPA:SELER) A Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every €1 worth of shareholders' equity, it generated €0.069 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do You Know Who Else Invests In Selectirente (EPA:SELER)?

In this analysis, my focus will be on developing a perspective on Selectirente’s (EPA:SELER) latest ownership structure, a less discussed, but important factor. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

What You Need To Know Before Investing In Selectirente (EPA:SELER)

real estate investment trust (REIT) based in Evry, France. … REIT shares give you ownership of the company than owns and manages various income-producing property, whether it be commercial, industrial or residential. … The structure of SELER is unique and it has to adhere to different requirements compared to other non-REIT stocks

Simply Wall St -

9 Days Left To Cash In On Selectirente (ENXTPA:SELER) Dividend, Should You Buy?

If you are interested in cashing in on Selectirente's (ENXTPA:SELER) upcoming dividend of €3.2 per share, you only have 9 days left to buy the shares before its ex-dividend date, 18 June 2018, in time for dividends payable on the 20 June 2018. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … 5 questions to ask before buying a dividend stock?

Simply Wall St -

Will Selectirente (EPA:SELER) Continue To Underperform Its Industry?

See our latest analysis for Selectirente Breaking down Return on Equity Return on Equity (ROE) is a measure of Selectirente’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Selectirente’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ENXTPA:SELER Last Perf Apr 10th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Company Info

Description

Selectirente is a public real estate fund managed by Sofidy. It invests in city center and suburb commercial properties, which should be located close to shopping malls. It primarily acquires properties in France. As of March 29, 2019, Selectirente operates as a subsidiary of Tikehau Capital.

Details
Name: Selectirente
SELER
Exchange: ENXTPA
Founded: 1997
€128,479,195
1,538,673
Website: http://www.selectirente.com
Address: Selectirente
303 square Champs Elysees,
Evry,
Ile-de-France, 91026,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA SELER Common Shares Euronext Paris FR EUR 09. Oct 2006
Number of employees
Current staff
Staff numbers
0
Selectirente employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:32
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2017/02/16
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.