Icade (LSE:0K4O) - Stock Price, News & Analysis

0K4O Stock Overview

A full-service real estate company with expertise in both commercial property investment (portfolio worth €6.8bn on a full consolidation basis as of 12/31/2023) and property development (2023 economic revenue of €1.3bn) that operates throughout France. More details

0K4O fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	4/6
Dividends	4/6

Rewards

Earnings are forecast to grow 93.75% per year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 21.7% is not well covered by earnings or free cash flows

Icade Competitors

UK Commercial Property REIT

LSE:UKCM

UK£947.3m

Balanced Commercial Property Trust

LSE:BCPT

UK£672.1m

LondonMetric Property

LSE:LMP

UK£3.8b

British Land

LSE:BLND

UK£3.7b

Price History & Performance

Summary of all time highs, changes and price drops for Icade
Historical stock prices
Current Share Price	€22.18
52 Week High	€36.34
52 Week Low	€19.33
Beta	1.22
11 Month Change	-8.49%
3 Month Change	8.30%
1 Year Change	-33.06%
33 Year Change	-66.48%
5 Year Change	-75.46%
Change since IPO	-67.41%

Recent updates

Shareholder Returns

	0K4O	GB REITs	GB Market
7D	-4.0%	0.2%	0.8%
1Y	-33.1%	0.6%	6.6%

Return vs Industry: 0K4O underperformed the UK REITs industry which returned -1.2% over the past year.

Return vs Market: 0K4O underperformed the UK Market which returned 6.1% over the past year.

Price Volatility

Is 0K4O's price volatile compared to industry and market?
0K4O volatility
0K4O Average Weekly Movement	4.1%
REITs Industry Average Movement	2.9%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0K4O has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0K4O's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1954	1,062	Nicolas Joly	www.icade.fr

Icade is a full-service real estate company with expertise in both commercial property investment (portfolio worth €6.8bn on a full consolidation basis as of 12/31/2023) and property development (2023 economic revenue of €1.3bn) that operates throughout France. Icade has forged longterm partnerships to respond to emerging trends in the industry. It has made climate issues and the preservation of biodiversity central to its business model to reinvent real estate and contribute to more sustainable cities.

Icade Fundamentals Summary

How do Icade's earnings and revenue compare to its market cap?
0K4O fundamental statistics
Market cap	€1.69b
Earnings (TTM)	-€953.40m
Revenue (TTM)	€1.52b

1.1x

P/S Ratio

-1.8x

P/E Ratio

Is 0K4O overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0K4O income statement (TTM)
Revenue	€1.52b
Cost of Revenue	€967.70m
Gross Profit	€555.40m
Other Expenses	€1.51b
Earnings	-€953.40m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 18, 2025

Earnings per share (EPS)	-12.58
Gross Margin	36.47%
Net Profit Margin	-62.60%
Debt/Equity Ratio	104.6%

How did 0K4O perform over the long term?

See historical performance and comparison

Dividends

21.7%

Current Dividend Yield

131%

Payout Ratio

0K4O Stock Overview

Rewards

Risk Analysis

Icade Competitors

LSE:UKCM

UK£947.3m

LSE:BCPT

UK£672.1m

LSE:LMP

UK£3.8b

LSE:BLND

UK£3.7b

Price History & Performance

Recent News & Updates

Icade to Report Fiscal Year 2024 Results on Feb 18, 2025

Now 21% undervalued

First half 2024 earnings released: €2.38 loss per share (vs €6.80 loss in 1H 2023)

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Dividend of €2.42 announced

Recent updates

Icade to Report Fiscal Year 2024 Results on Feb 18, 2025

Now 21% undervalued

First half 2024 earnings released: €2.38 loss per share (vs €6.80 loss in 1H 2023)

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Dividend of €2.42 announced

Now 21% undervalued after recent price drop

Upcoming dividend of €2.42 per share

Final dividend increased to €2.42

Icade, Annual General Meeting, Apr 19, 2024

Icade to Report Q1, 2024 Results on Apr 22, 2024

Icade to Report First Half, 2024 Results on Jul 22, 2024

Icade to Report Fiscal Year 2023 Results on Feb 19, 2024

Icade(ENXTPA:ICAD) dropped from FTSE All-World Index (USD)

Now 20% undervalued after recent price drop

Primonial REIM and Société Générale Assurances completed the acquisition of 63% stake in Icade Santé SAS from Icade (ENXTPA:ICAD) and its Minority Shareholders.

Upcoming dividend of €2.17 per share at 12% yield

Vauban Infrastructure Partners and Icade (ENXTPA:ICAD) agreed to acquire A2A Coriance SAS.

Oteis France Sas agreed to acquire AMO and EXPERTISE SANTE activity from Icade (ENXTPA:ICAD).

An undisclosed buyer acquired Michigan Garden Project from Icade SA (ENXTPA:ICAD) for €108 million.

Icade SA (ENXTPA:ICAD) acquired Défense Parc complex in Nanterre Préfecture for €63 million.

Icade SA to Report Q1, 2023 Results on Apr 24, 2023

Icade SA to Report Fiscal Year 2022 Results on Feb 20, 2023

Investor sentiment deteriorated over the past week

Elysées Pierre signed a bilateral preliminary agreement to acquire 16,000-Sq.m AXE 13 Office Building in Nanterre from Icade (ENXTPA:ICAD).

Investor sentiment deteriorated over the past week

Upcoming dividend of €2.10 per share

Funds managed by Primonial REIM acquired Gambetta building in paris from Icade (ENXTPA:ICAD) for approximately €220 million.

Funds managed by Primonial REIM acquired Gambetta building in paris from Icade (ENXTPA:ICAD) for approximately €220 million.

Residences Le Logement Des Fonctionnaires SA signed a bilateral preliminary agreement to acquire Residual Residential Portfolio from Icade (ENXTPA:ICAD) for €49.9 million.

Icade (ENXTPA:ICAD) acquired 50.1% interest in M&A Group.

Full year 2021 earnings released: EPS: €5.33 (vs €1.03 in FY 2020)

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

An unknown buyer completed the acquisition of Office building in Boulogne-Billancourt from Icade SA (ENXTPA:ICAD).

First half 2021 earnings released: EPS €2.52 (vs €0.07 in 1H 2020)

Upcoming dividend of €2.00 per share

Revenue beats expectations

New 90-day low: €55.83

A pan-European fund dedicated to a German institutional investor managed by Aberdeen Standard Investments Limited acquired Two residential buildings in Rueil-Malmaison from Icade SA (ENXTPA:ICAD) for €14.6 million.

Icade SA (ENXTPA:ICAD) acquired Ad Vitam

Icade SA to Report Q1, 2021 Results on Apr 23, 2021

Icade SA (ENXTPA:ICAD) agreed to acquire Four Nursing Homes in France from Korian (ENXTPA:KORI) for €33.5 million.

New 90-day high: €67.93

New 90-day high: €64.00

Market bids up stock over the past week

New 90-day low: €48.18

New 90-day low - €53.65

OPPCI owned by South Korean Investors completed the acquisition of 49% stake in Eqho Tower from Icade (ENXTPA:ICAD).

Icade (ENXTPA:ICAD) completed the acquisition of Pointe Métro 1 in Gennevilliers from Fonciere NW 2 Sppicav managed by NORMANDIE REIM.

New 90-day low - €56.63

Icade SA (ENXTPA : ICAD) agreed to acquire Portfolio of 9 Healthcare Facilities in Germany & France from Orpea SA (ENXTPA : ORP) for €145 million.

Shareholder Returns

Price Volatility

About the Company

Icade Fundamentals Summary

1.1x

-1.8x

Earnings & Revenue

Dividends