CPI FIM (BDL:ORCL) - Share price, News & Analysis

ORCL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	2/6
Dividends	0/6

ORCL Stock Overview

CPI FIM SA (fomerly Orco Property Group) is an investor, developer and asset manager in the Central European market.

Rewards

Price-To-Earnings ratio (2.1x) is below the Luxembourg market (4.5x)

Earnings have grown 11.2% per year over the past 5 years

Risk Analysis

Debt is not well covered by operating cash flow

Large one-off items impacting financial results

CPI FIM Competitors

Saint Croix Holding Immobilier SOCIMI

BDL:STCXH

€298.3m

Wing Tai Properties

SEHK:369

HK$5.1b

Fotex Holding

BDL:FTXHG

€128.2m

Peach Property Group

SWX:PEAN

CHF536.6m

Price History & Performance

Summary of all time highs, changes and price drops for CPI FIM
Historical stock prices
Current Share Price	€0.52
52 Week High	€0.65
52 Week Low	€0.38
Beta	1.44
1 Month Change	-1.91%
3 Month Change	-15.57%
1 Year Change	34.82%
3 Year Change	47.14%
5 Year Change	n/a
Change since IPO	123.91%

Shareholder Returns

	ORCL	LU Real Estate	LU Market
7D	-5.5%	-0.5%	-1.6%
1Y	34.8%	-28.5%	8.9%

Return vs Industry: ORCL exceeded the Luxembourg Real Estate industry which returned -28.5% over the past year.

Return vs Market: ORCL exceeded the Luxembourg Market which returned 8.9% over the past year.

Price Volatility

Is ORCL's price volatile compared to industry and market?
ORCL volatility
ORCL Average Weekly Movement	n/a
Real Estate Industry Average Movement	4.9%
Market Average Movement	5.0%
10% most volatile stocks in LU Market	5.4%
10% least volatile stocks in LU Market	3.2%

Stable Share Price: Insufficient data to determine ORCL's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ORCL's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1990	14	Martin Nemecek	https://www.orcogroup.com

CPI FIM SA (fomerly Orco Property Group) is an investor, developer and asset manager in the Central European market. Operating in Central Europe since 1991. CPI FIM SA , based in Luxembourg, is a public company listed on the Luxembourg Stock Exchange and on the Warsaw Stock Exchanges.

CPI FIM Fundamentals Summary

How do CPI FIM's earnings and revenue compare to its market cap?
ORCL fundamental statistics
Market Cap	€676.97m
Earnings (TTM)	€320.74m
Revenue (TTM)	€62.74m

2.1x

P/E Ratio

10.8x

P/S Ratio

Is ORCL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORCL income statement (TTM)
Revenue	€62.74m
Cost of Revenue	€13.94m
Gross Profit	€48.79m
Other Expenses	-€271.95m
Earnings	€320.74m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 31, 2022

Earnings per share (EPS)	0.24
Gross Margin	77.77%
Net Profit Margin	511.26%
Debt/Equity Ratio	381.8%

How did ORCL perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is ORCL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ORCL?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ORCL. This is calculated by dividing ORCL's market cap by their current preferred multiple.
What is ORCL's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€676.97m

ORCL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	110.2x
Enterprise Value/EBITDA	181.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does ORCL's PE Ratio compare to its peers?

ORCL PE Ratio vs Peers

The above table shows the PE ratio for ORCL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	7.4x
STCXH Saint Croix Holding Immobilier SOCIMI	15.8x	n/a	€298.3m
369 Wing Tai Properties	6x	-63.8%	HK$5.1b
FTXHG Fotex Holding	5x	n/a	€128.2m
PEAN Peach Property Group	2.8x	-17.9%	CHF536.6m
ORCL CPI FIM	2.1x	n/a	€677.0m

Price-To-Earnings vs Peers: ORCL is good value based on its Price-To-Earnings Ratio (2.1x) compared to the peer average (7.4x).

Price to Earnings Ratio vs Industry

How does ORCL's PE Ratio compare vs other companies in the European Real Estate Industry?

Price-To-Earnings vs Industry: ORCL is good value based on its Price-To-Earnings Ratio (2.1x) compared to the European Real Estate industry average (8.1x)

Price to Earnings Ratio vs Fair Ratio

What is ORCL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ORCL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ORCL's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ORCL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ORCL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ORCL's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is CPI FIM forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-15.6%

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 CPI FIM 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.

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Take a look at our analysis of ORCL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
CPI FIM competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has CPI FIM performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

11.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ORCL has a large one-off gain of €268.3M impacting its March 31 2022 financial results.

Growing Profit Margin: ORCL's current net profit margins are higher than last year .

Past Earnings Growth Analysis

Earnings Trend: ORCL's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: ORCL's earnings growth over the past year (41.4%) exceeds its 5-year average (11.2% per year).

Earnings vs Industry: ORCL earnings growth over the past year (41.4%) underperformed the Real Estate industry 45.4%.

Return on Equity

High ROE: Whilst ORCL's Return on Equity (24.75%) is high, this metric is skewed due to their high level of debt.

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Financial Health

How is CPI FIM's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: ORCL's short term assets (€596.9M) exceed its short term liabilities (€371.9M).

Long Term Liabilities: ORCL's short term assets (€596.9M) do not cover its long term liabilities (€5.9B).

Debt to Equity History and Analysis

Debt Level: ORCL's net debt to equity ratio (374.9%) is considered high.

Reducing Debt: ORCL's debt to equity ratio has increased from 136% to 381.8% over the past 5 years.

Debt Coverage: ORCL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ORCL earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is CPI FIM current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ORCL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ORCL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ORCL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ORCL's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ORCL has not reported any payouts.

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Management

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

3.3yrs

Average management tenure

CEO

Martin Nemecek (47 yo)

2.42yrs

Tenure

Mr. Martin Nemecek serves as an Independent Vice-Chairman of Supervisory Board at IMMOFINANZ AG since March 31, 2022. He has been Chief Executive Officer of CPI Property Group since March 18, 2014 and serv...

Leadership Team

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

Board Members

Experienced Board: ORCL's board of directors are considered experienced (3.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/09 00:00
End of Day Share Price	2022/08/09 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31