EUROCOMMERCIAL PROPERTIES NV (ECMPM.MI) Stock Fundamental Analysis
BIT:ECMPM - Euronext Milan - NL0015000K93 - REIT - Currency: EUR
Overall ECMPM gets a fundamental rating of 5 out of 10. We evaluated ECMPM against 44 industry peers in the Diversified REITs industry. While ECMPM has a great profitability rating, there are quite some concerns on its financial health. ECMPM is not valued too expensively and it also shows a decent growth rate. Finally ECMPM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ECMPM had positive earnings in the past year.
ECMPM had a positive operating cash flow in the past year.
In multiple years ECMPM reported negative net income over the last 5 years.
Each year in the past 5 years ECMPM had a positive operating cash flow.
1.2 Ratios
ECMPM's Return On Assets of 5.37% is amongst the best of the industry. ECMPM outperforms 86.36% of its industry peers.
Looking at the Return On Equity, with a value of 10.12%, ECMPM belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
ECMPM's Return On Invested Capital of 5.69% is amongst the best of the industry. ECMPM outperforms 90.91% of its industry peers.
ECMPM had an Average Return On Invested Capital over the past 3 years of 3.73%. This is in line with the industry average of 3.64%.
The 3 year average ROIC (3.73%) for ECMPM is below the current ROIC(5.69%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 10.12% | ||
| ROIC | 5.69% |
ROA(3y)2.97%
ROA(5y)2.29%
ROE(3y)5.65%
ROE(5y)4.45%
ROIC(3y)3.73%
ROIC(5y)3.62%
1.3 Margins
ECMPM's Profit Margin of 54.14% is fine compared to the rest of the industry. ECMPM outperforms 61.36% of its industry peers.
ECMPM's Profit Margin has improved in the last couple of years.
ECMPM has a Operating Margin of 65.72%. This is comparable to the rest of the industry: ECMPM outperforms 45.45% of its industry peers.
ECMPM's Operating Margin has been stable in the last couple of years.
ECMPM's Gross Margin of 71.40% is in line compared to the rest of the industry. ECMPM outperforms 40.91% of its industry peers.
ECMPM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.72% | ||
| PM (TTM) | 54.14% | ||
| GM | 71.4% |
OM growth 3Y-0.78%
OM growth 5Y-0.75%
PM growth 3Y15.88%
PM growth 5Y16.12%
GM growth 3Y0.61%
GM growth 5Y-0.39%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ECMPM is creating some value.
Compared to 1 year ago, ECMPM has more shares outstanding
The number of shares outstanding for ECMPM has been increased compared to 5 years ago.
ECMPM has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.22, we must say that ECMPM is in the distress zone and has some risk of bankruptcy.
ECMPM has a Altman-Z score of 1.22. This is in the better half of the industry: ECMPM outperforms 75.00% of its industry peers.
ECMPM has a debt to FCF ratio of 24.71. This is a negative value and a sign of low solvency as ECMPM would need 24.71 years to pay back of all of its debts.
ECMPM's Debt to FCF ratio of 24.71 is on the low side compared to the rest of the industry. ECMPM is outperformed by 61.36% of its industry peers.
ECMPM has a Debt/Equity ratio of 0.69. This is a neutral value indicating ECMPM is somewhat dependend on debt financing.
ECMPM has a Debt to Equity ratio of 0.69. This is in the better half of the industry: ECMPM outperforms 61.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 24.71 | ||
| Altman-Z | 1.22 |
ROIC/WACC1.14
WACC5%
2.3 Liquidity
A Current Ratio of 0.39 indicates that ECMPM may have some problems paying its short term obligations.
ECMPM has a Current ratio (0.39) which is in line with its industry peers.
ECMPM has a Quick Ratio of 0.39. This is a bad value and indicates that ECMPM is not financially healthy enough and could expect problems in meeting its short term obligations.
ECMPM's Quick ratio of 0.39 is in line compared to the rest of the industry. ECMPM outperforms 47.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 874.78% over the past year.
The Earnings Per Share has been growing by 18.49% on average over the past years. This is quite good.
ECMPM shows a small growth in Revenue. In the last year, the Revenue has grown by 2.43%.
ECMPM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.35% yearly.
EPS 1Y (TTM)874.78%
EPS 3Y17.87%
EPS 5Y18.49%
EPS Q2Q%242.55%
Revenue 1Y (TTM)2.43%
Revenue growth 3Y2.77%
Revenue growth 5Y2.35%
Sales Q2Q%0.78%
3.2 Future
Based on estimates for the next years, ECMPM will show a small growth in Earnings Per Share. The EPS will grow by 2.56% on average per year.
ECMPM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.59% yearly.
EPS Next Y2.77%
EPS Next 2Y2.59%
EPS Next 3Y2.56%
EPS Next 5YN/A
Revenue Next Year1.37%
Revenue Next 2Y1.92%
Revenue Next 3Y1.13%
Revenue Next 5Y0.59%
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 decreasing.
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
ECMPM is valuated cheaply with a Price/Earnings ratio of 6.42.
Based on the Price/Earnings ratio, ECMPM is valued cheaply inside the industry as 97.73% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ECMPM to the average of the S&P500 Index (26.25), we can say ECMPM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.02, the valuation of ECMPM can be described as reasonable.
Based on the Price/Forward Earnings ratio, ECMPM is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.15, ECMPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.42 | ||
| Fwd PE | 10.02 |
4.2 Price Multiples
ECMPM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ECMPM is cheaper than 90.91% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ECMPM is valued a bit more expensive than the industry average as 70.45% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.96 | ||
| EV/EBITDA | 11.27 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ECMPM does not grow enough to justify the current Price/Earnings ratio.
ECMPM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.32
PEG (5Y)0.35
EPS Next 2Y2.59%
EPS Next 3Y2.56%
5. Dividend
5.1 Amount
ECMPM has a Yearly Dividend Yield of 7.07%, which is a nice return.
ECMPM's Dividend Yield is rather good when compared to the industry average which is at 6.80. ECMPM pays more dividend than 84.09% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, ECMPM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.07% |
5.2 History
The dividend of ECMPM decreases each year by -5.38%.
Dividend Growth(5Y)-5.38%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
33.65% of the earnings are spent on dividend by ECMPM. This is a low number and sustainable payout ratio.
DP33.65%
EPS Next 2Y2.59%
EPS Next 3Y2.56%
BIT:ECMPM (5/23/2025, 7:00:00 PM)
25.25
+0.75 (+3.06%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners36.12%
Inst Owner ChangeN/A
Ins Owners18.58%
Ins Owner ChangeN/A
Market Cap1.39B
Analysts83.16
Price Target28.04 (11.05%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.07% |
Yearly Dividend1.33
Dividend Growth(5Y)-5.38%
DP33.65%
Div Incr Years0
Div Non Decr Years0
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)-0.55%
PT rev (3m)-0.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.38%
EPS NY rev (3m)0.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.42 | ||
| Fwd PE | 10.02 | ||
| P/S | 3.56 | ||
| P/FCF | 21.96 | ||
| P/OCF | 13.58 | ||
| P/B | 0.66 | ||
| P/tB | 0.66 | ||
| EV/EBITDA | 11.27 |
EPS(TTM)3.93
EY15.56%
EPS(NY)2.52
Fwd EY9.98%
FCF(TTM)1.15
FCFY4.55%
OCF(TTM)1.86
OCFY7.36%
SpS7.1
BVpS37.98
TBVpS37.98
PEG (NY)2.32
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 10.12% | ||
| ROCE | 6.92% | ||
| ROIC | 5.69% | ||
| ROICexc | 5.75% | ||
| ROICexgc | 5.75% | ||
| OM | 65.72% | ||
| PM (TTM) | 54.14% | ||
| GM | 71.4% | ||
| FCFM | 16.19% |
ROA(3y)2.97%
ROA(5y)2.29%
ROE(3y)5.65%
ROE(5y)4.45%
ROIC(3y)3.73%
ROIC(5y)3.62%
ROICexc(3y)3.78%
ROICexc(5y)3.69%
ROICexgc(3y)3.78%
ROICexgc(5y)3.69%
ROCE(3y)4.54%
ROCE(5y)4.41%
ROICexcg growth 3Y1.8%
ROICexcg growth 5Y2.98%
ROICexc growth 3Y1.8%
ROICexc growth 5Y2.98%
OM growth 3Y-0.78%
OM growth 5Y-0.75%
PM growth 3Y15.88%
PM growth 5Y16.12%
GM growth 3Y0.61%
GM growth 5Y-0.39%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 24.71 | ||
| Debt/EBITDA | 5.54 | ||
| Cap/Depr | 1982.5% | ||
| Cap/Sales | 9.99% | ||
| Interest Coverage | 4.98 | ||
| Cash Conversion | 39.54% | ||
| Profit Quality | 29.9% | ||
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.39 | ||
| Altman-Z | 1.22 |
F-Score6
WACC5%
ROIC/WACC1.14
Cap/Depr(3y)1687.63%
Cap/Depr(5y)2052.22%
Cap/Sales(3y)12.12%
Cap/Sales(5y)16.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)874.78%
EPS 3Y17.87%
EPS 5Y18.49%
EPS Q2Q%242.55%
EPS Next Y2.77%
EPS Next 2Y2.59%
EPS Next 3Y2.56%
EPS Next 5YN/A
Revenue 1Y (TTM)2.43%
Revenue growth 3Y2.77%
Revenue growth 5Y2.35%
Sales Q2Q%0.78%
Revenue Next Year1.37%
Revenue Next 2Y1.92%
Revenue Next 3Y1.13%
Revenue Next 5Y0.59%
EBIT growth 1Y2.77%
EBIT growth 3Y1.97%
EBIT growth 5Y1.58%
EBIT Next Year-1.58%
EBIT Next 3Y0.27%
EBIT Next 5YN/A
FCF growth 1Y-28.49%
FCF growth 3Y-3.5%
FCF growth 5Y5.65%
OCF growth 1Y-12.74%
OCF growth 3Y1.91%
OCF growth 5Y-1.65%