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Beni Stabili SIIQ

OTCPK:XZJB.F
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XZJB.F
OTCPK
€2B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Beni Stabili is the leading property player in the Italian real estate market with total assets of over 4bn euro. The last earnings update was 151 days ago. More info.


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XZJB.F Share Price and Events
7 Day Returns
0%
OTCPK:XZJB.F
-0.5%
US REITs
3%
US Market
1 Year Returns
-
OTCPK:XZJB.F
-8.8%
US REITs
-8.4%
US Market
XZJB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Beni Stabili SIIQ (XZJB.F) 0% 0% - - - -
US REITs -0.5% -7.8% -7.5% -8.8% -0.3% 19.4%
US Market 3% -9.7% -15.8% -8.4% 20.1% 28.6%
1 Year Return vs Industry and Market
  • No trading data on XZJB.F.
  • No trading data on XZJB.F.
Price Volatility
XZJB.F
Industry
5yr Volatility vs Market

Value

 Is Beni Stabili SIIQ 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 Beni Stabili SIIQ 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 Beni Stabili SIIQ.

OTCPK:XZJB.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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 OTCPK:XZJB.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 24%) (142.03%))
0.99
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.99 * 7.05%)
9.93%

Discounted Cash Flow Calculation for OTCPK:XZJB.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Beni Stabili SIIQ is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:XZJB.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 53.00 74.00 73.53 73.06 72.60
Source Analyst x1 Analyst x1 Est @ -0.63% Est @ -0.63% Est @ -0.63%
Present Value
Discounted (@ 9.93%)
48.21 61.23 55.35 50.03 45.22
Present value of next 5 years cash flows €260.05
OTCPK:XZJB.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €72.60 × (1 + 2.95%) ÷ (9.93% – 2.95%)
€1,070.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €1,070.65 ÷ (1 + 9.93%)5
€666.88
OTCPK:XZJB.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €260.05 + €666.88
€926.92
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €926.92 / 2,268.63
€0.58
OTCPK:XZJB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:XZJB.F represents 1.19469x of BIT:BNS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.19469x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.49 x 1.19469
$0.58
Value per share (USD) From above. $0.58
Current discount Discount to share price of $0.81
= -1 x ($0.81 - $0.58) / $0.58
-38.9%

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

  • The current share price of Beni Stabili SIIQ 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 Beni Stabili SIIQ's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Beni Stabili SIIQ's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:XZJB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €0.04
BIT:BNS Share Price ** BIT (2018-11-27) in EUR €0.68
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 27.17x
United States of America Market PE Ratio Median Figure of 3,020 Publicly-Listed Companies 16.04x

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

** Primary Listing of Beni Stabili SIIQ.

OTCPK:XZJB.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:BNS Share Price ÷ EPS (both in EUR)

= 0.68 ÷ 0.04

16.35x

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

  • Beni Stabili SIIQ is good value based on earnings compared to the US REITs industry average.
  • Beni Stabili SIIQ is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Beni Stabili SIIQ's expected growth come at a high price?
Raw Data
OTCPK:XZJB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
3.2%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 0.93x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

OTCPK:XZJB.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.35x ÷ 3.2%

5.08x

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

  • Beni Stabili SIIQ is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Beni Stabili SIIQ's assets?
Raw Data
OTCPK:XZJB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €0.81
BIT:BNS Share Price * BIT (2018-11-27) in EUR €0.68
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.53x
United States of America Market PB Ratio Median Figure of 5,096 Publicly-Listed Companies 1.61x
OTCPK:XZJB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:BNS Share Price ÷ Book Value per Share (both in EUR)

= 0.68 ÷ 0.81

0.83x

* Primary Listing of Beni Stabili SIIQ.

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

  • Beni Stabili SIIQ is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Beni Stabili SIIQ'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. Beni Stabili SIIQ has a total score of 2/6, 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 Beni Stabili SIIQ expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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
3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Beni Stabili SIIQ expected to grow at an attractive rate?
  • Beni Stabili SIIQ's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Beni Stabili SIIQ's earnings growth is positive but not above the United States of America market average.
  • Beni Stabili SIIQ's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:XZJB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:XZJB.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 3.2%
OTCPK:XZJB.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -17.5%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.4%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
OTCPK:XZJB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:XZJB.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 220 109 144 2
2019-12-31 214 101 123 2
2018-12-31 200 92 145 1
OTCPK:XZJB.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 399 131 94
2018-03-31 407 128 90
2017-12-31 415 125 86
2017-09-30 333 74 77
2017-06-30 251 24 69
2017-03-31 257 30 114
2016-12-31 262 36 159
2016-09-30 338 57 74
2016-06-30 359 135 37
2016-03-31 436 73 24
2015-12-31 414 89 -66
2015-09-30 369 79 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Beni Stabili SIIQ's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
  • Beni Stabili SIIQ's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
OTCPK:XZJB.F 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 6 Analyst Estimates (S&P Global) See Below

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

OTCPK:XZJB.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.06 0.07 0.06 2.00
2019-12-31 0.06 0.08 0.05 4.00
2018-12-31 0.06 0.07 0.05 4.00
OTCPK:XZJB.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.05
2016-12-31 0.07
2016-09-30 0.03
2016-06-30 0.02
2016-03-31 0.01
2015-12-31 -0.03
2015-09-30 -0.00

*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.
  • Beni Stabili SIIQ is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Beni Stabili SIIQ'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Beni Stabili SIIQ 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 Beni Stabili SIIQ 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 Beni Stabili SIIQ'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.
  • Beni Stabili SIIQ has delivered over 20% year on year earnings growth in the past 5 years.
  • Beni Stabili SIIQ's 1-year earnings growth is less than its 5-year average (37.2% vs 53.8%)
  • Beni Stabili SIIQ's earnings growth has exceeded the US REITs industry average in the past year (37.2% vs 14%).
Earnings and Revenue History
Beni Stabili SIIQ'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 Beni Stabili SIIQ Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:XZJB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 398.93 94.06 20.67
2018-03-31 407.12 89.85 23.91
2017-12-31 415.32 85.63 27.14
2017-09-30 333.05 77.10 30.44
2017-06-30 250.78 68.57 26.89
2017-03-31 256.63 113.69 21.52
2016-12-31 262.48 158.82 16.15
2016-09-30 337.51 74.01 18.30
2016-06-30 358.89 37.26 17.85
2016-03-31 436.31 24.10 18.30
2015-12-31 414.10 -66.33 18.61
2015-09-30 369.12 -4.80 19.14
2015-06-30 355.94 -137.55 20.76
2015-03-31 325.20 -207.40 22.22
2014-12-31 345.77 -231.61 23.50
2014-09-30 381.70 -237.91 22.76
2014-06-30 386.40 -74.81 22.83
2014-03-31 325.98 -60.27 22.93
2013-12-31 375.56 -4.21 23.16
2013-09-30 347.30 -33.97 22.89
2013-06-30 366.58 -28.65 23.37
2013-03-31 386.50 -25.11 24.24
2012-12-31 327.44 -15.67 24.13
2012-09-30 357.64 8.48 24.58
2012-06-30 341.40 -1.90 25.53
2012-03-31 332.69 18.53 26.12
2011-12-31 328.43 18.80 26.83

*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.
  • Beni Stabili SIIQ has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Beni Stabili SIIQ used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Beni Stabili SIIQ's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Beni Stabili SIIQ'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.
Beni Stabili SIIQ 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 Beni Stabili SIIQ'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 Beni Stabili SIIQ's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Beni Stabili SIIQ is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Beni Stabili SIIQ's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Beni Stabili SIIQ'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 Beni Stabili SIIQ Company Filings, last reported 5 months ago.

OTCPK:XZJB.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 2,239.58 2,184.67 28.35
2018-03-31 2,239.58 2,184.67 28.35
2017-12-31 2,197.00 2,348.50 310.40
2017-09-30 2,197.00 2,348.50 310.40
2017-06-30 2,117.72 2,278.85 56.54
2017-03-31 2,117.72 2,278.85 56.54
2016-12-31 1,863.95 2,292.68 28.79
2016-09-30 1,863.95 2,292.68 28.79
2016-06-30 1,806.39 2,167.35 32.50
2016-03-31 1,753.52 2,176.04 80.77
2015-12-31 1,753.52 2,176.04 80.77
2015-09-30 1,824.81 2,218.49 74.56
2015-06-30 1,856.93 2,311.58 115.84
2015-03-31 1,832.93 2,369.17 192.38
2014-12-31 1,868.90 2,360.98 113.44
2014-09-30 1,743.20 2,475.52 124.22
2014-06-30 1,824.39 2,405.87 109.81
2014-03-31 1,880.21 2,430.54 282.54
2013-12-31 1,910.95 2,407.34 150.63
2013-09-30 1,911.45 2,293.55 69.57
2013-06-30 1,895.22 2,413.76 52.26
2013-03-31 1,912.57 2,271.09 106.33
2012-12-31 1,877.87 2,415.67 52.45
2012-09-30 1,909.06 2,554.16 107.94
2012-06-30 1,908.03 2,436.99 47.26
2012-03-31 1,949.42 2,471.36 54.80
2011-12-31 1,933.33 2,529.81 162.26
  • Beni Stabili SIIQ's level of debt (97.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (127.3% vs 97.5% today).
  • Debt is not well covered by operating cash flow (6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Beni Stabili SIIQ'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. Beni Stabili SIIQ has a total score of 3/6, 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 Beni Stabili SIIQ'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
4.87%
Current annual income from Beni Stabili SIIQ dividends. Estimated to be 5.48% next year.
If you bought $2,000 of Beni Stabili SIIQ shares you are expected to receive $97 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?
  • Beni Stabili SIIQ's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.55%).
  • Beni Stabili SIIQ's dividend is above the markets top 25% of dividend payers in United States of America (3.96%).
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
OTCPK:XZJB.F 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 6 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 4.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1985 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

OTCPK:XZJB.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.04 5.00
2019-12-31 0.04 7.00
2018-12-31 0.03 3.00
OTCPK:XZJB.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-21 0.033 4.443
2018-02-06 0.033 4.947
2017-03-14 0.033 4.853
2017-02-09 0.033 5.750
2016-04-07 0.024 4.304
2015-02-10 0.022 3.204
2014-04-15 0.022 3.649
2013-02-12 0.022 4.294
2012-03-28 0.022 5.536
2011-04-29 0.022 4.829
2010-04-09 0.015 2.266
2009-04-21 0.010 1.682
2008-12-30 0.032 6.321

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Beni Stabili SIIQ's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Beni Stabili SIIQ's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Beni Stabili SIIQ afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Beni Stabili SIIQ has a total score of 5/6, 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 Beni Stabili SIIQ'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
Joseph Kullmann
COMPENSATION €299,000
AGE 53
TENURE AS CEO 3.2 years
CEO Bio

Mr. Christophe Kullmann, also known as Joseph, has been Chief Executive Officer of Foncière Développement Logements since February 2018. Mr. Kullmann has been the Chief Executive Officer since October 2015 and President since June 2007 at Beni Stabili SIIQ S.p.A. Mr. Kullmann serves as Managing Director of Beni Stabili SIIQ S.p.A. He has been the Chief Executive Officer and General Manager at Fonciere des Regions since January 31, 2011. He serves as General Manager of Foncière Développement Logements. He joined Groupe Batigère in 1998 as a Project Manager. He serves as Managing Director of Immobilière Batibail Benelux SA. He has been the Chairman of Management Board of Foncière des Murs SCA since 2001 and serves as its Member of Management Board. He serves as a Company Manager of SCI Esplanade Belvédère II, SCI Esplanade Belvédère III, Parking de la Gare Charles de Gaulle SNC and Parking de la Comédie SNC. He served as the Chairman of the Executive Board at Fonciere des Regions from 2001 to January 31, 2011. He served as Chairman Of Management Board at Covivio Hotels since 2001 and its Member of Management Board since May 4, 2007. Since 1992, he served as Finance Director of Immobilière Batibail, until its merger with Gécina in 1999 and its Chief Financial Officer. He served as Deputy Financial Director of Gécina since 1999. He then led Gécina and was appointed Finance Director. In 2000, He served as a Secretary-General of Batipart and its Corporate Secretary. In 2001, he became Chairman of the Management Board of Foncière des Régions SA. He serves as Chairman of FDR 2 SAS and FDR 3 SAS. He has been the Chairman of the Supervisory Board of Fonciere Des Murs since November 30, 2004. He serves as Chairman of the Board of Directors of Immobilière Batibail Bénélux SA, Chairman of the Board of Directors of Batisica SA. He serves as Company Chairman of GFR Services SAS, GFR Externalisation SAS, Parcs GFR SAS, GFR Blériot SAS Company, GFR Diversification Permanent Representative of Batipart, company. He served as Chairman of Fonciere des Regions until November 15, 2010. He served as Chairman of Beni Stabili SIIQ S.p.A. until July 24, 2008. He served as Chairman of Foncière Développement Logements SCA until April 16, 2008. He serves as Member of Supervisory Board at Fonciere Europe Logistique. He serves as a Member of Supervisory Board of Foncière Europe Logistique SCA. He serves as a Director of Batipart SA and GFR Property. He has been a Director of Fonciere des Regions since April 25, 2012. He serves as a Manager of GFR Kléber SARL. He has been a Director of Beni Stabili SIIQ S.p.A. since July 24, 2008. He has been Director of Foncière Développement Logements since December 2005. He has been Member of Supervisory Board of Foncière Développement Logements SCA since December 22, 2005. He serves as a Director of European Board of Fonciere Des Murs. He serves as Company Director of Sovaklé SA, Batipart, as Company Manager of SCI Maréville. He serves as Director of Suren. He served as a Member of Supervisory Board at Altarea SCA. Mr. Kullmann majored in Management and Finance. He holds a DEA degree in Management.

CEO Compensation
  • Joseph's compensation has been consistent with company performance over the past year.
  • Joseph's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Beni Stabili SIIQ management team in years:

2.4
Average Tenure
49
Average Age
  • The tenure for the Beni Stabili SIIQ management team is about average.
Management Team

Joseph Kullmann

TITLE
CEO & Executive Director
COMPENSATION
€299K
AGE
53
TENURE
3.2 yrs

Barbara Pivetta

TITLE
Chief Financial Officer
AGE
42
TENURE
2.2 yrs

Monica Massi

TITLE
Head of Administration & Financial Statement

Carmine Bruno

TITLE
Head of Legal Affairs

Stefano Vittori

TITLE
Chief Corporate Officer
AGE
60

Giovanna Ruda

TITLE
Director & Secretary

Alessandro Arvalli

TITLE
Director of Development Portfolio BU & Local Administration

Alexei Pastro

TITLE
General Manager
AGE
45
TENURE
2.4 yrs

Massimo Moretti

TITLE
Retail Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Beni Stabili SIIQ board of directors in years:

2.7
Average Tenure
53
Average Age
  • The average tenure for the Beni Stabili SIIQ board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ariberto Fassati

TITLE
Chairman of the Board
COMPENSATION
€49K
AGE
72
TENURE
0.8 yrs

Joseph Kullmann

TITLE
CEO & Executive Director
COMPENSATION
€299K
AGE
53
TENURE
11.5 yrs

Giovanna Ruda

TITLE
Director & Secretary

Giuseppe Cerati

TITLE
Chairman of the Board of Statutory Auditors

Micaela Le Divelec Lemmi

TITLE
Non-Executive Director
COMPENSATION
€49K
AGE
50
TENURE
2.7 yrs

Angelo Busani

TITLE
Non-Executive Director
COMPENSATION
€49K
AGE
58
TENURE
2.7 yrs

Leonardo Del Vecchio

TITLE
Director
COMPENSATION
€25K
AGE
83
TENURE
17.3 yrs

Adriana Saitta

TITLE
Independent Director
COMPENSATION
€49K
AGE
48
TENURE
2.7 yrs

Marjolaine Cecile Alquier De L’Epine

TITLE
Director
COMPENSATION
€41K
AGE
45
TENURE
1.8 yrs

Daniela Percoco

TITLE
Director
TENURE
0.8 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 ($) Value ($)
18. Jun 18 Buy Covivio Company 29. May 18 29. May 18 3,732,168 $0.86 $3,224,013
08. Jun 18 Buy Covivio Company 05. Jun 18 06. Jun 18 5,603,825 $0.91 $5,095,790
07. Jun 18 Buy Covivio Company 01. Jun 18 04. Jun 18 3,272,733 $0.91 $2,953,342
04. Jun 18 Buy Covivio Company 30. May 18 31. May 18 27,595,057 $0.91 $24,190,135
30. May 18 Buy Covivio Company 23. May 18 28. May 18 30,880,194 $0.89 $27,564,694
24. May 18 Buy Covivio Company 22. May 18 22. May 18 936,676 $0.91 $852,276
23. May 18 Buy Covivio Company 17. May 18 21. May 18 6,511,489 $0.91 $5,880,143
18. May 18 Buy Covivio Company 15. May 18 16. May 18 9,794,749 $0.92 $8,958,780
16. May 18 Buy Covivio Company 11. May 18 14. May 18 1,186,300 $0.93 $1,104,758
14. May 18 Buy Covivio Company 09. May 18 10. May 18 5,913,863 $0.93 $5,476,932
10. May 18 Buy Covivio Company 07. May 18 08. May 18 25,049,079 $0.93 $23,205,779
08. May 18 Buy Covivio Company 03. May 18 04. May 18 17,354,826 $0.93 $16,172,152
04. May 18 Buy Covivio Company 27. Apr 18 30. Apr 18 3,159,070 $0.94 $2,968,822
27. Apr 18 Buy Covivio Company 23. Apr 18 24. Apr 18 12,102,944 $0.93 $11,245,120
27. Apr 18 Buy Covivio Company 25. Apr 18 26. Apr 18 16,454,905 $0.93 $15,232,687
X
Management checks
We assess Beni Stabili SIIQ'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. Beni Stabili SIIQ 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

External News
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Simply Wall St News

Company Info

Map
Description

Beni Stabili is the leading property player in the Italian real estate market with total assets of over 4bn euro. Our assets portfolio is sited in key locations of North and Central Italy‘s major cities and consists mainly of offices. We pursue the appreciation of our assets to increase profitability and create value for our clients, partners and shareholders. As a major player in office investment and development, we foster pioneering solutions to improve the environmental performance of our buildings for the well-being of our clients’ employees. With this in mind we are developing in Milan a new business area dedicated to smart working: Symbiosis. Beni Stabili is listed on the Milan and Paris Stock Exchanges and operates through its main offices of Milan and Rome. Beni Stabili belongs to Covivio reference in the European real estate market with a portfolio of € 23bn in office, hotel and residential assets, located in the most dynamic European cities.

Details
Name: Beni Stabili SpA SIIQ
XZJB.F
Exchange: OTCPK
Founded: 1904
€1,760,682,649
2,268,631,803
Website: http://www.benistabili.it
Address: Beni Stabili SpA SIIQ
Via Piemonte 38,
Rome,
Rome, 00187,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT BNS Ordinary Shares Borsa Italiana IT EUR 02. Nov 1999
OTCPK XZJB.F Ordinary Shares Pink Sheets LLC US USD 02. Nov 1999
DB BSE Ordinary Shares Deutsche Boerse AG DE EUR 02. Nov 1999
LSE 0OF3 Ordinary Shares London Stock Exchange GB EUR 02. Nov 1999
ENXTPA BNS Ordinary Shares Euronext Paris FR EUR 02. Nov 1999
BATS-CHIXE BNSM Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Nov 1999
BATS-CHIXE BNSP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Nov 1999
Number of employees
Current staff
Staff numbers
133
Beni Stabili SIIQ employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/29 23:58
End of day share price update: 2018/11/27 00:00
Last estimates confirmation: 2018/11/26
Last earnings filing: 2018/07/31
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.