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CARE PROPERTY INVEST (CPINV.BR) Stock Fundamental Analysis

EBR:CPINV - Euronext Brussels - BE0974273055 - REIT - Currency: EUR

12.03  +0.17 (+1.43%)

Fundamental Rating

5

CPINV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 6 industry peers in the Residential REITs industry. There are concerns on the financial health of CPINV while its profitability can be described as average. CPINV has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year CPINV was profitable.
In the past year CPINV had a positive cash flow from operations.
Of the past 5 years CPINV 4 years were profitable.
CPINV had a positive operating cash flow in each of the past 5 years.
CPINV.BR Yearly Net Income VS EBIT VS OCF VS FCFCPINV.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M 40M 60M 80M

1.2 Ratios

CPINV's Return On Assets of 1.34% is fine compared to the rest of the industry. CPINV outperforms 66.67% of its industry peers.
With a decent Return On Equity value of 2.63%, CPINV is doing good in the industry, outperforming 66.67% of the companies in the same industry.
CPINV has a Return On Invested Capital of 5.38%. This is amongst the best in the industry. CPINV outperforms 100.00% of its industry peers.
CPINV had an Average Return On Invested Capital over the past 3 years of 4.14%. This is in line with the industry average of 3.94%.
The 3 year average ROIC (4.14%) for CPINV is below the current ROIC(5.38%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.34%
ROE 2.63%
ROIC 5.38%
ROA(3y)4.46%
ROA(5y)4.15%
ROE(3y)9.09%
ROE(5y)8.56%
ROIC(3y)4.14%
ROIC(5y)4.09%
CPINV.BR Yearly ROA, ROE, ROICCPINV.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15

1.3 Margins

With a decent Profit Margin value of 24.30%, CPINV is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Looking at the Operating Margin, with a value of 82.74%, CPINV belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of CPINV has remained more or less at the same level.
Industry RankSector Rank
OM 82.74%
PM (TTM) 24.3%
GM N/A
OM growth 3Y-1.6%
OM growth 5Y-1.2%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
CPINV.BR Yearly Profit, Operating, Gross MarginsCPINV.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 100 150

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPINV is destroying value.
CPINV has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CPINV has more shares outstanding
Compared to 1 year ago, CPINV has an improved debt to assets ratio.
CPINV.BR Yearly Shares OutstandingCPINV.BR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
CPINV.BR Yearly Total Debt VS Total AssetsCPINV.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

CPINV has an Altman-Z score of 0.35. This is a bad value and indicates that CPINV is not financially healthy and even has some risk of bankruptcy.
CPINV has a worse Altman-Z score (0.35) than 66.67% of its industry peers.
CPINV has a debt to FCF ratio of 9.67. This is a negative value and a sign of low solvency as CPINV would need 9.67 years to pay back of all of its debts.
CPINV has a Debt to FCF ratio of 9.67. This is amongst the best in the industry. CPINV outperforms 83.33% of its industry peers.
A Debt/Equity ratio of 0.23 indicates that CPINV is not too dependend on debt financing.
The Debt to Equity ratio of CPINV (0.23) is better than 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 9.67
Altman-Z 0.35
ROIC/WACC0.9
WACC5.98%
CPINV.BR Yearly LT Debt VS Equity VS FCFCPINV.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.3 Liquidity

CPINV has a Current Ratio of 0.04. This is a bad value and indicates that CPINV is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CPINV (0.04) is worse than 83.33% of its industry peers.
A Quick Ratio of 0.04 indicates that CPINV may have some problems paying its short term obligations.
CPINV's Quick ratio of 0.04 is on the low side compared to the rest of the industry. CPINV is outperformed by 83.33% of its industry peers.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
CPINV.BR Yearly Current Assets VS Current LiabilitesCPINV.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

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4

3. Growth

3.1 Past

CPINV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -86.74%.
The Revenue has grown by 8.37% in the past year. This is quite good.
The Revenue has been growing by 21.17% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-86.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-128.03%
Revenue 1Y (TTM)8.37%
Revenue growth 3Y22.1%
Revenue growth 5Y21.17%
Sales Q2Q%5.68%

3.2 Future

Based on estimates for the next years, CPINV will show a small growth in Earnings Per Share. The EPS will grow by 1.87% on average per year.
Based on estimates for the next years, CPINV will show a small growth in Revenue. The Revenue will grow by 5.04% on average per year.
EPS Next Y3.34%
EPS Next 2Y1.75%
EPS Next 3Y1.87%
EPS Next 5YN/A
Revenue Next Year5.73%
Revenue Next 2Y5.82%
Revenue Next 3Y5.04%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CPINV.BR Yearly Revenue VS EstimatesCPINV.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M
CPINV.BR Yearly EPS VS EstimatesCPINV.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

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5

4. Valuation

4.1 Price/Earnings Ratio

CPINV is valuated quite expensively with a Price/Earnings ratio of 150.38.
The rest of the industry has a similar Price/Earnings ratio as CPINV.
The average S&P500 Price/Earnings ratio is at 28.80. CPINV is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 11.19, which indicates a very decent valuation of CPINV.
Based on the Price/Forward Earnings ratio, CPINV is valued cheaper than 100.00% of the companies in the same industry.
CPINV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.91, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 150.38
Fwd PE 11.19
CPINV.BR Price Earnings VS Forward Price EarningsCPINV.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

CPINV's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CPINV is cheaper than 66.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CPINV is valued cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.4
EV/EBITDA 17.92
CPINV.BR Per share dataCPINV.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CPINV does not grow enough to justify the current Price/Earnings ratio.
CPINV has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)45.03
PEG (5Y)N/A
EPS Next 2Y1.75%
EPS Next 3Y1.87%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.25%, CPINV is a good candidate for dividend investing.
CPINV's Dividend Yield is rather good when compared to the industry average which is at 6.20. CPINV pays more dividend than 83.33% of the companies in the same industry.
CPINV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 7.25%

5.2 History

The dividend of CPINV is nicely growing with an annual growth rate of 21.36%!
Dividend Growth(5Y)21.36%
Div Incr Years1
Div Non Decr Years2
CPINV.BR Yearly Dividends per shareCPINV.BR Yearly Dividends per shareYearly Dividends per share 2017 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

224.07% of the earnings are spent on dividend by CPINV. This is not a sustainable payout ratio.
The dividend of CPINV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP224.07%
EPS Next 2Y1.75%
EPS Next 3Y1.87%
CPINV.BR Yearly Income VS Free CF VS DividendCPINV.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M 40M 60M 80M
CPINV.BR Dividend Payout.CPINV.BR Dividend Payout, showing the Payout Ratio.CPINV.BR Dividend Payout.PayoutRetained Earnings

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CARE PROPERTY INVEST

EBR:CPINV (3/28/2025, 1:57:53 PM)

12.03

+0.17 (+1.43%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)03-05 2025-03-05/amc
Earnings (Next)05-14 2025-05-14
Inst Owners10.83%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap444.99M
Analysts77.14
Price Target14.21 (18.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.25%
Yearly Dividend0.83
Dividend Growth(5Y)21.36%
DP224.07%
Div Incr Years1
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)0%
PT rev (3m)-7.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-4.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 150.38
Fwd PE 11.19
P/S 6.55
P/FCF 7.4
P/OCF 7.39
P/B 0.71
P/tB 0.71
EV/EBITDA 17.92
EPS(TTM)0.08
EY0.67%
EPS(NY)1.08
Fwd EY8.94%
FCF(TTM)1.62
FCFY13.51%
OCF(TTM)1.63
OCFY13.53%
SpS1.84
BVpS16.95
TBVpS16.94
PEG (NY)45.03
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.34%
ROE 2.63%
ROCE 7.17%
ROIC 5.38%
ROICexc 5.39%
ROICexgc 5.39%
OM 82.74%
PM (TTM) 24.3%
GM N/A
FCFM 88.48%
ROA(3y)4.46%
ROA(5y)4.15%
ROE(3y)9.09%
ROE(5y)8.56%
ROIC(3y)4.14%
ROIC(5y)4.09%
ROICexc(3y)4.15%
ROICexc(5y)4.11%
ROICexgc(3y)4.15%
ROICexgc(5y)4.11%
ROCE(3y)5.51%
ROCE(5y)5.46%
ROICexcg growth 3Y9.24%
ROICexcg growth 5Y4.04%
ROICexc growth 3Y9.24%
ROICexc growth 5Y4.05%
OM growth 3Y-1.6%
OM growth 5Y-1.2%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 9.67
Debt/EBITDA 2.55
Cap/Depr 20.83%
Cap/Sales 0.18%
Interest Coverage 3.01
Cash Conversion 106.04%
Profit Quality 364.07%
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z 0.35
F-Score6
WACC5.98%
ROIC/WACC0.9
Cap/Depr(3y)360.96%
Cap/Depr(5y)280.05%
Cap/Sales(3y)2.2%
Cap/Sales(5y)1.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-86.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-128.03%
EPS Next Y3.34%
EPS Next 2Y1.75%
EPS Next 3Y1.87%
EPS Next 5YN/A
Revenue 1Y (TTM)8.37%
Revenue growth 3Y22.1%
Revenue growth 5Y21.17%
Sales Q2Q%5.68%
Revenue Next Year5.73%
Revenue Next 2Y5.82%
Revenue Next 3Y5.04%
Revenue Next 5YN/A
EBIT growth 1Y15.63%
EBIT growth 3Y20.15%
EBIT growth 5Y19.71%
EBIT Next Year63.49%
EBIT Next 3Y23.55%
EBIT Next 5YN/A
FCF growth 1Y62.77%
FCF growth 3Y22.4%
FCF growth 5Y34.81%
OCF growth 1Y56.13%
OCF growth 3Y21.92%
OCF growth 5Y34.4%