COVIVIO (COV.PA) Stock Fundamental Analysis
EPA:COV - Euronext Paris - Matif - FR0000064578 - REIT - Currency: EUR
Taking everything into account, COV scores 3 out of 10 in our fundamental rating. COV was compared to 42 industry peers in the Diversified REITs industry. There are concerns on the financial health of COV while its profitability can be described as average. COV has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year COV was profitable.
COV had a positive operating cash flow in the past year.
COV had positive earnings in 4 of the past 5 years.
Each year in the past 5 years COV had a positive operating cash flow.
1.2 Ratios
COV has a Return On Assets of 0.27%. This is in the lower half of the industry: COV underperforms 61.90% of its industry peers.
COV has a worse Return On Equity (0.83%) than 61.90% of its industry peers.
COV has a Return On Invested Capital (3.14%) which is comparable to the rest of the industry.
COV had an Average Return On Invested Capital over the past 3 years of 2.97%. This is in line with the industry average of 3.60%.
The 3 year average ROIC (2.97%) for COV is below the current ROIC(3.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.83% | ||
| ROIC | 3.14% |
ROA(3y)-1.05%
ROA(5y)0.29%
ROE(3y)-3.48%
ROE(5y)0.76%
ROIC(3y)2.97%
ROIC(5y)2.68%
1.3 Margins
The Profit Margin of COV (5.23%) is comparable to the rest of the industry.
COV's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 61.20%, COV is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
COV's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 76.74%, COV is in line with its industry, outperforming 57.14% of the companies in the same industry.
In the last couple of years the Gross Margin of COV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.2% | ||
| PM (TTM) | 5.23% | ||
| GM | 76.74% |
OM growth 3Y-1.46%
OM growth 5Y-1.11%
PM growth 3Y-61.53%
PM growth 5Y-38.78%
GM growth 3Y-2.18%
GM growth 5Y-0.89%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so COV is destroying value.
Compared to 1 year ago, COV has more shares outstanding
COV has more shares outstanding than it did 5 years ago.
The debt/assets ratio for COV has been reduced compared to a year ago.
2.2 Solvency
COV has an Altman-Z score of 0.57. This is a bad value and indicates that COV is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.57, COV is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
The Debt to FCF ratio of COV is 27.72, which is on the high side as it means it would take COV, 27.72 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 27.72, COV is doing worse than 71.43% of the companies in the same industry.
COV has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.14, COV is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 27.72 | ||
| Altman-Z | 0.57 |
ROIC/WACC0.55
WACC5.75%
2.3 Liquidity
COV has a Current Ratio of 0.96. This is a bad value and indicates that COV is not financially healthy enough and could expect problems in meeting its short term obligations.
COV has a better Current ratio (0.96) than 71.43% of its industry peers.
A Quick Ratio of 0.85 indicates that COV may have some problems paying its short term obligations.
With a decent Quick ratio value of 0.85, COV is doing good in the industry, outperforming 73.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
COV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.98%.
The Earnings Per Share has been decreasing by -3.39% on average over the past years.
COV shows a small growth in Revenue. In the last year, the Revenue has grown by 3.68%.
The Revenue has been growing slightly by 1.17% on average over the past years.
EPS 1Y (TTM)5.98%
EPS 3Y0.91%
EPS 5Y-3.39%
EPS Q2Q%6.25%
Revenue 1Y (TTM)3.68%
Revenue growth 3Y9.01%
Revenue growth 5Y1.17%
Sales Q2Q%-30.61%
3.2 Future
COV is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.89% yearly.
The Revenue is expected to grow by 3.09% on average over the next years.
EPS Next Y7.5%
EPS Next 2Y1.92%
EPS Next 3Y1.89%
EPS Next 5YN/A
Revenue Next Year0.06%
Revenue Next 2Y2.27%
Revenue Next 3Y3.09%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.60, COV is valued correctly.
COV's Price/Earnings ratio is a bit cheaper when compared to the industry. COV is cheaper than 73.81% of the companies in the same industry.
COV's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.99.
With a Price/Forward Earnings ratio of 12.51, COV is valued correctly.
The rest of the industry has a similar Price/Forward Earnings ratio as COV.
COV's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.6 | ||
| Fwd PE | 12.51 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of COV is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COV is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.86 | ||
| EV/EBITDA | 17.91 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.68
PEG (5Y)N/A
EPS Next 2Y1.92%
EPS Next 3Y1.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.15%, COV is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.44, COV pays a bit more dividend than its industry peers.
COV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.15% |
5.2 History
The dividend of COV decreases each year by -1.54%.
Dividend Growth(5Y)-1.54%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
112.19% of the earnings are spent on dividend by COV. This is not a sustainable payout ratio.
DP112.19%
EPS Next 2Y1.92%
EPS Next 3Y1.89%
EPA:COV (8/6/2025, 7:00:00 PM)
58.1
+1.7 (+3.01%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners39.95%
Inst Owner ChangeN/A
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap6.49B
Analysts80
Price Target60.73 (4.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.15% |
Yearly Dividend0.72
Dividend Growth(5Y)-1.54%
DP112.19%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1%
PT rev (3m)-0.08%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)0.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.6 | ||
| Fwd PE | 12.51 | ||
| P/S | 4.98 | ||
| P/FCF | 16.86 | ||
| P/OCF | 6.61 | ||
| P/B | 0.79 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 17.91 |
EPS(TTM)4.61
EY7.93%
EPS(NY)4.64
Fwd EY7.99%
FCF(TTM)3.45
FCFY5.93%
OCF(TTM)8.78
OCFY15.12%
SpS11.66
BVpS73.72
TBVpS70.63
PEG (NY)1.68
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.83% | ||
| ROCE | 3.52% | ||
| ROIC | 3.14% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.29% | ||
| OM | 61.2% | ||
| PM (TTM) | 5.23% | ||
| GM | 76.74% | ||
| FCFM | 29.56% |
ROA(3y)-1.05%
ROA(5y)0.29%
ROE(3y)-3.48%
ROE(5y)0.76%
ROIC(3y)2.97%
ROIC(5y)2.68%
ROICexc(3y)3.08%
ROICexc(5y)2.79%
ROICexgc(3y)3.11%
ROICexgc(5y)2.81%
ROCE(3y)3.32%
ROCE(5y)3%
ROICexcg growth 3Y12.16%
ROICexcg growth 5Y0.31%
ROICexc growth 3Y11.77%
ROICexc growth 5Y0.14%
OM growth 3Y-1.46%
OM growth 5Y-1.11%
PM growth 3Y-61.53%
PM growth 5Y-38.78%
GM growth 3Y-2.18%
GM growth 5Y-0.89%
F-Score7
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 27.72 | ||
| Debt/EBITDA | 10.32 | ||
| Cap/Depr | 519.44% | ||
| Cap/Sales | 45.79% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 107.61% | ||
| Profit Quality | 564.76% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.85 | ||
| Altman-Z | 0.57 |
F-Score7
WACC5.75%
ROIC/WACC0.55
Cap/Depr(3y)709.28%
Cap/Depr(5y)708.5%
Cap/Sales(3y)50.08%
Cap/Sales(5y)56.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.98%
EPS 3Y0.91%
EPS 5Y-3.39%
EPS Q2Q%6.25%
EPS Next Y7.5%
EPS Next 2Y1.92%
EPS Next 3Y1.89%
EPS Next 5YN/A
Revenue 1Y (TTM)3.68%
Revenue growth 3Y9.01%
Revenue growth 5Y1.17%
Sales Q2Q%-30.61%
Revenue Next Year0.06%
Revenue Next 2Y2.27%
Revenue Next 3Y3.09%
Revenue Next 5YN/A
EBIT growth 1Y0.7%
EBIT growth 3Y7.42%
EBIT growth 5Y0.05%
EBIT Next Year11.8%
EBIT Next 3Y7.1%
EBIT Next 5YN/A
FCF growth 1Y-28.86%
FCF growth 3YN/A
FCF growth 5Y31.13%
OCF growth 1Y-4.37%
OCF growth 3Y12.5%
OCF growth 5Y4.86%