COVIVIO HOTELS SACA (COVH.PA) Stock Fundamental Analysis
EPA:COVH - Euronext Paris - Matif - FR0000060303 - REIT - Currency: EUR
We assign a fundamental rating of 4 out of 10 to COVH. COVH was compared to 40 industry peers in the Diversified REITs industry. While COVH is still in line with the averages on profitability rating, there are concerns on its financial health. COVH is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
COVH had positive earnings in the past year.
COVH had a positive operating cash flow in the past year.
In multiple years COVH reported negative net income over the last 5 years.
Each year in the past 5 years COVH had a positive operating cash flow.
1.2 Ratios
COVH's Return On Assets of 3.14% is fine compared to the rest of the industry. COVH outperforms 62.50% of its industry peers.
The Return On Equity of COVH (6.54%) is better than 65.00% of its industry peers.
With a decent Return On Invested Capital value of 3.98%, COVH is doing good in the industry, outperforming 65.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for COVH is in line with the industry average of 3.66%.
The 3 year average ROIC (3.85%) for COVH is below the current ROIC(3.98%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 6.54% | ||
| ROIC | 3.98% |
ROA(3y)3.26%
ROA(5y)1.11%
ROE(3y)6.53%
ROE(5y)1.93%
ROIC(3y)3.85%
ROIC(5y)2.91%
1.3 Margins
COVH has a Profit Margin of 80.73%. This is amongst the best in the industry. COVH outperforms 82.50% of its industry peers.
COVH's Profit Margin has declined in the last couple of years.
COVH has a Operating Margin of 103.45%. This is amongst the best in the industry. COVH outperforms 97.50% of its industry peers.
COVH's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 13.66%, COVH is not doing good in the industry: 82.50% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of COVH has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 103.45% | ||
| PM (TTM) | 80.73% | ||
| GM | 13.66% |
OM growth 3Y10.91%
OM growth 5Y0%
PM growth 3Y43.44%
PM growth 5Y-10.66%
GM growth 3Y-31.67%
GM growth 5Y-15.65%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so COVH is destroying value.
Compared to 1 year ago, COVH has about the same amount of shares outstanding.
COVH has more shares outstanding than it did 5 years ago.
The debt/assets ratio for COVH is higher compared to a year ago.
2.2 Solvency
COVH has an Altman-Z score of 1.02. This is a bad value and indicates that COVH is not financially healthy and even has some risk of bankruptcy.
COVH's Altman-Z score of 1.02 is in line compared to the rest of the industry. COVH outperforms 60.00% of its industry peers.
COVH has a debt to FCF ratio of 14.45. This is a negative value and a sign of low solvency as COVH would need 14.45 years to pay back of all of its debts.
COVH has a Debt to FCF ratio (14.45) which is in line with its industry peers.
A Debt/Equity ratio of 0.74 indicates that COVH is somewhat dependend on debt financing.
COVH's Debt to Equity ratio of 0.74 is in line compared to the rest of the industry. COVH outperforms 45.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 14.45 | ||
| Altman-Z | 1.02 |
ROIC/WACC0.76
WACC5.22%
2.3 Liquidity
COVH has a Current Ratio of 1.06. This is a normal value and indicates that COVH is financially healthy and should not expect problems in meeting its short term obligations.
COVH has a better Current ratio (1.06) than 72.50% of its industry peers.
A Quick Ratio of 1.06 indicates that COVH should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.06, COVH is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
COVH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 2041.36%, which is quite impressive.
COVH shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -12.16% yearly.
Looking at the last year, COVH shows a small growth in Revenue. The Revenue has grown by 3.18% in the last year.
Measured over the past years, COVH shows a small growth in Revenue. The Revenue has been growing by 2.29% on average per year.
EPS 1Y (TTM)2041.36%
EPS 3Y62.03%
EPS 5Y-12.16%
EPS Q2Q%223.86%
Revenue 1Y (TTM)3.18%
Revenue growth 3Y14.81%
Revenue growth 5Y2.29%
Sales Q2Q%2.25%
3.2 Future
The Earnings Per Share is expected to grow by 0.90% on average over the next years.
The Revenue is expected to grow by 0.55% on average over the next years.
EPS Next Y3.01%
EPS Next 2Y0.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.19%
Revenue Next 2Y0.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
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
COVH is valuated correctly with a Price/Earnings ratio of 14.74.
Compared to the rest of the industry, the Price/Earnings ratio of COVH is on the same level as its industry peers.
COVH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.34.
COVH is valuated correctly with a Price/Forward Earnings ratio of 12.84.
Based on the Price/Forward Earnings ratio, COVH is valued a bit more expensive than the industry average as 62.50% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.19. COVH is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.74 | ||
| Fwd PE | 12.84 |
4.2 Price Multiples
COVH's Enterprise Value to EBITDA ratio is in line with the industry average.
60.00% of the companies in the same industry are cheaper than COVH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.62 | ||
| EV/EBITDA | 18.17 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of COVH may justify a higher PE ratio.
PEG (NY)4.89
PEG (5Y)N/A
EPS Next 2Y0.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
COVH has a Yearly Dividend Yield of 6.49%, which is a nice return.
Compared to an average industry Dividend Yield of 5.52, COVH pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, COVH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.49% |
5.2 History
The dividend of COVH decreases each year by -3.01%.
Dividend Growth(5Y)-3.01%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
85.75% of the earnings are spent on dividend by COVH. This is not a sustainable payout ratio.
DP85.75%
EPS Next 2Y0.9%
EPS Next 3YN/A
EPA:COVH (6/19/2025, 7:00:00 PM)
22.4
-0.1 (-0.44%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners31.29%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap3.54B
Analysts82.86
Price Target18.67 (-16.65%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.49% |
Yearly Dividend1.3
Dividend Growth(5Y)-3.01%
DP85.75%
Div Incr Years4
Div Non Decr Years4
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)0%
PT rev (3m)0%
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%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.74 | ||
| Fwd PE | 12.84 | ||
| P/S | 12.72 | ||
| P/FCF | 16.62 | ||
| P/OCF | 10.16 | ||
| P/B | 1.03 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 18.17 |
EPS(TTM)1.52
EY6.79%
EPS(NY)1.74
Fwd EY7.79%
FCF(TTM)1.35
FCFY6.02%
OCF(TTM)2.2
OCFY9.84%
SpS1.76
BVpS21.74
TBVpS19.68
PEG (NY)4.89
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 6.54% | ||
| ROCE | 4.5% | ||
| ROIC | 3.98% | ||
| ROICexc | 4.22% | ||
| ROICexgc | 4.46% | ||
| OM | 103.45% | ||
| PM (TTM) | 80.73% | ||
| GM | 13.66% | ||
| FCFM | 76.53% |
ROA(3y)3.26%
ROA(5y)1.11%
ROE(3y)6.53%
ROE(5y)1.93%
ROIC(3y)3.85%
ROIC(5y)2.91%
ROICexc(3y)4.03%
ROICexc(5y)3.03%
ROICexgc(3y)4.17%
ROICexgc(5y)3.12%
ROCE(3y)4.35%
ROCE(5y)3.29%
ROICexcg growth 3Y33.75%
ROICexcg growth 5Y5.13%
ROICexc growth 3Y32.01%
ROICexc growth 5Y4.39%
OM growth 3Y10.91%
OM growth 5Y0%
PM growth 3Y43.44%
PM growth 5Y-10.66%
GM growth 3Y-31.67%
GM growth 5Y-15.65%
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 14.45 | ||
| Debt/EBITDA | 7.34 | ||
| Cap/Depr | 235.3% | ||
| Cap/Sales | 48.63% | ||
| Interest Coverage | 4.58 | ||
| Cash Conversion | 100.84% | ||
| Profit Quality | 94.79% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 1.02 |
F-Score6
WACC5.22%
ROIC/WACC0.76
Cap/Depr(3y)165.18%
Cap/Depr(5y)147.82%
Cap/Sales(3y)30.61%
Cap/Sales(5y)33.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2041.36%
EPS 3Y62.03%
EPS 5Y-12.16%
EPS Q2Q%223.86%
EPS Next Y3.01%
EPS Next 2Y0.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.18%
Revenue growth 3Y14.81%
Revenue growth 5Y2.29%
Sales Q2Q%2.25%
Revenue Next Year-1.19%
Revenue Next 2Y0.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-0.2%
EBIT growth 3Y27.34%
EBIT growth 5Y2.29%
EBIT Next Year-17.92%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-25.64%
FCF growth 3Y35.97%
FCF growth 5Y2.55%
OCF growth 1Y7.43%
OCF growth 3Y30.01%
OCF growth 5Y4.76%