COFINIMMO (COFB.BR) Stock Fundamental Analysis
EBR:COFB - Euronext Brussels - BE0003593044 - REIT - Currency: EUR
Taking everything into account, COFB scores 4 out of 10 in our fundamental rating. COFB was compared to 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of COFB while its profitability can be described as average. COFB has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year COFB was profitable.
COFB had a positive operating cash flow in the past year.
COFB had positive earnings in 4 of the past 5 years.
COFB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
COFB has a Return On Assets of 1.26%. This is in the lower half of the industry: COFB underperforms 62.50% of its industry peers.
The Return On Equity of COFB (2.29%) is worse than 65.00% of its industry peers.
COFB has a Return On Invested Capital of 5.64%. This is amongst the best in the industry. COFB outperforms 92.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for COFB is in line with the industry average of 3.66%.
The last Return On Invested Capital (5.64%) for COFB is above the 3 year average (3.58%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.26% | ||
| ROE | 2.29% | ||
| ROIC | 5.64% |
ROA(3y)2.42%
ROA(5y)2.75%
ROE(3y)4.52%
ROE(5y)5.25%
ROIC(3y)3.58%
ROIC(5y)3.52%
1.3 Margins
With a Profit Margin value of 13.51%, COFB is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of COFB has declined.
COFB has a Operating Margin (68.58%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of COFB has grown nicely.
COFB's Gross Margin of 75.68% is in line compared to the rest of the industry. COFB outperforms 55.00% of its industry peers.
In the last couple of years the Gross Margin of COFB has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 68.58% | ||
| PM (TTM) | 13.51% | ||
| GM | 75.68% |
OM growth 3Y4.25%
OM growth 5Y2.5%
PM growth 3Y-40.39%
PM growth 5Y-25.68%
GM growth 3Y0.76%
GM growth 5Y1.69%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), COFB is creating some value.
The number of shares outstanding for COFB has been increased compared to 1 year ago.
The number of shares outstanding for COFB has been increased compared to 5 years ago.
COFB has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.86, we must say that COFB is in the distress zone and has some risk of bankruptcy.
COFB has a Altman-Z score (0.86) which is comparable to the rest of the industry.
The Debt to FCF ratio of COFB is 9.28, which is on the high side as it means it would take COFB, 9.28 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of COFB (9.28) is better than 80.00% of its industry peers.
A Debt/Equity ratio of 0.50 indicates that COFB is not too dependend on debt financing.
COFB has a Debt to Equity ratio of 0.50. This is amongst the best in the industry. COFB outperforms 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 9.28 | ||
| Altman-Z | 0.86 |
ROIC/WACC1.22
WACC4.61%
2.3 Liquidity
A Current Ratio of 0.14 indicates that COFB may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.14, COFB is doing worse than 85.00% of the companies in the same industry.
COFB has a Quick Ratio of 0.14. This is a bad value and indicates that COFB is not financially healthy enough and could expect problems in meeting its short term obligations.
COFB has a worse Quick ratio (0.14) than 85.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 |
3. Growth
3.1 Past
The earnings per share for COFB have decreased by -6.05% in the last year.
COFB shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -27.27% yearly.
COFB shows a decrease in Revenue. In the last year, the revenue decreased by -0.31%.
Measured over the past years, COFB shows a small growth in Revenue. The Revenue has been growing by 6.61% on average per year.
EPS 1Y (TTM)-6.05%
EPS 3Y-41.9%
EPS 5Y-27.27%
EPS Q2Q%1.34%
Revenue 1Y (TTM)-0.31%
Revenue growth 3Y5.04%
Revenue growth 5Y6.61%
Sales Q2Q%-0.22%
3.2 Future
The Earnings Per Share is expected to grow by 0.25% on average over the next years.
Based on estimates for the next years, COFB will show a small growth in Revenue. The Revenue will grow by 3.27% on average per year.
EPS Next Y-2.71%
EPS Next 2Y-0.62%
EPS Next 3Y0.25%
EPS Next 5YN/A
Revenue Next Year-0.99%
Revenue Next 2Y0.74%
Revenue Next 3Y1.15%
Revenue Next 5Y3.27%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.73 indicates a reasonable valuation of COFB.
Based on the Price/Earnings ratio, COFB is valued a bit cheaper than 70.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.34. COFB is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 11.92, the valuation of COFB can be described as very reasonable.
COFB's Price/Forward Earnings ratio is in line with the industry average.
COFB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.73 | ||
| Fwd PE | 11.92 |
4.2 Price Multiples
85.00% of the companies in the same industry are more expensive than COFB, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, COFB is valued a bit cheaper than 67.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.46 | ||
| EV/EBITDA | 13.3 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.62%
EPS Next 3Y0.25%
5. Dividend
5.1 Amount
COFB has a Yearly Dividend Yield of 5.58%, which is a nice return.
Compared to an average industry Dividend Yield of 5.52, COFB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, COFB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
5.2 History
The dividend of COFB decreases each year by -4.40%.
Dividend Growth(5Y)-4.4%
Div Incr Years0
Div Non Decr Years7
5.3 Sustainability
189.19% of the earnings are spent on dividend by COFB. This is not a sustainable payout ratio.
DP189.19%
EPS Next 2Y-0.62%
EPS Next 3Y0.25%
EBR:COFB (6/19/2025, 7:00:00 PM)
76.5
-0.7 (-0.91%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners29.51%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap2.91B
Analysts71.43
Price Target75.98 (-0.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
Yearly Dividend4.1
Dividend Growth(5Y)-4.4%
DP189.19%
Div Incr Years0
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.17%
Min EPS beat(2)-1.37%
Max EPS beat(2)1.03%
EPS beat(4)2
Avg EPS beat(4)-1.54%
Min EPS beat(4)-6.24%
Max EPS beat(4)1.03%
EPS beat(8)4
Avg EPS beat(8)-0.65%
EPS beat(12)7
Avg EPS beat(12)31.98%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-8.14%
Min Revenue beat(2)-8.78%
Max Revenue beat(2)-7.51%
Revenue beat(4)0
Avg Revenue beat(4)-13.02%
Min Revenue beat(4)-25.98%
Max Revenue beat(4)-7.51%
Revenue beat(8)0
Avg Revenue beat(8)-9.44%
Revenue beat(12)2
Avg Revenue beat(12)12.01%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)7.32%
PT rev (3m)15.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.73 | ||
| Fwd PE | 11.92 | ||
| P/S | 4.86 | ||
| P/FCF | 10.46 | ||
| P/OCF | 10.44 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 13.3 |
EPS(TTM)6.52
EY8.52%
EPS(NY)6.42
Fwd EY8.39%
FCF(TTM)7.32
FCFY9.56%
OCF(TTM)7.33
OCFY9.58%
SpS15.75
BVpS92.78
TBVpS92.73
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.26% | ||
| ROE | 2.29% | ||
| ROCE | 7.53% | ||
| ROIC | 5.64% | ||
| ROICexc | 5.67% | ||
| ROICexgc | 5.67% | ||
| OM | 68.58% | ||
| PM (TTM) | 13.51% | ||
| GM | 75.68% | ||
| FCFM | 46.45% |
ROA(3y)2.42%
ROA(5y)2.75%
ROE(3y)4.52%
ROE(5y)5.25%
ROIC(3y)3.58%
ROIC(5y)3.52%
ROICexc(3y)3.6%
ROICexc(5y)3.54%
ROICexgc(3y)3.6%
ROICexgc(5y)3.56%
ROCE(3y)4.77%
ROCE(5y)4.69%
ROICexcg growth 3Y5.32%
ROICexcg growth 5Y-0.12%
ROICexc growth 3Y5.63%
ROICexc growth 5Y0.2%
OM growth 3Y4.25%
OM growth 5Y2.5%
PM growth 3Y-40.39%
PM growth 5Y-25.68%
GM growth 3Y0.76%
GM growth 5Y1.69%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 9.28 | ||
| Debt/EBITDA | 4.24 | ||
| Cap/Depr | 22.04% | ||
| Cap/Sales | 0.07% | ||
| Interest Coverage | 10.17 | ||
| Cash Conversion | 67.53% | ||
| Profit Quality | 343.77% | ||
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 | ||
| Altman-Z | 0.86 |
F-Score6
WACC4.61%
ROIC/WACC1.22
Cap/Depr(3y)37.45%
Cap/Depr(5y)83.2%
Cap/Sales(3y)0.26%
Cap/Sales(5y)0.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.05%
EPS 3Y-41.9%
EPS 5Y-27.27%
EPS Q2Q%1.34%
EPS Next Y-2.71%
EPS Next 2Y-0.62%
EPS Next 3Y0.25%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.31%
Revenue growth 3Y5.04%
Revenue growth 5Y6.61%
Sales Q2Q%-0.22%
Revenue Next Year-0.99%
Revenue Next 2Y0.74%
Revenue Next 3Y1.15%
Revenue Next 5Y3.27%
EBIT growth 1Y7.53%
EBIT growth 3Y9.5%
EBIT growth 5Y9.27%
EBIT Next Year24.78%
EBIT Next 3Y9.81%
EBIT Next 5YN/A
FCF growth 1Y23.03%
FCF growth 3Y11.91%
FCF growth 5Y10.56%
OCF growth 1Y22.51%
OCF growth 3Y11.68%
OCF growth 5Y10.53%