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 39 industry peers in the Diversified REITs industry. While ECMPM is still in line with the averages on profitability rating, there are concerns on its financial health. ECMPM has a correct valuation and a medium growth rate. Finally ECMPM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ECMPM was profitable.
ECMPM had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ECMPM reported negative net income in multiple years.
In the past 5 years ECMPM always reported a positive cash flow from operatings.
1.2 Ratios
ECMPM's Return On Assets of 5.44% is amongst the best of the industry. ECMPM outperforms 87.50% of its industry peers.
The Return On Equity of ECMPM (10.21%) is better than 87.50% of its industry peers.
ECMPM has a better Return On Invested Capital (5.60%) than 87.50% 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 3.63%.
The last Return On Invested Capital (5.60%) for ECMPM is above the 3 year average (3.73%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.44% | ||
| ROE | 10.21% | ||
| ROIC | 5.6% |
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 has a Profit Margin of 55.16%. This is comparable to the rest of the industry: ECMPM outperforms 57.50% of its industry peers.
ECMPM's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 65.54%, ECMPM 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 Operating Margin of ECMPM has remained more or less at the same level.
ECMPM has a worse Gross Margin (71.16%) than 65.00% of its industry peers.
ECMPM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.54% | ||
| PM (TTM) | 55.16% | ||
| GM | 71.16% |
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
ECMPM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ECMPM has been increased compared to 1 year ago.
ECMPM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ECMPM has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.23, we must say that ECMPM is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.23, ECMPM is in the better half of the industry, outperforming 77.50% of the companies in the same industry.
ECMPM has a debt to FCF ratio of 22.54. This is a negative value and a sign of low solvency as ECMPM would need 22.54 years to pay back of all of its debts.
With a Debt to FCF ratio value of 22.54, ECMPM is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
ECMPM has a Debt/Equity ratio of 0.69. This is a neutral value indicating ECMPM is somewhat dependend on debt financing.
ECMPM's Debt to Equity ratio of 0.69 is in line compared to the rest of the industry. ECMPM outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 22.54 | ||
| Altman-Z | 1.23 |
ROIC/WACC1.11
WACC5.04%
2.3 Liquidity
A Current Ratio of 0.40 indicates that ECMPM may have some problems paying its short term obligations.
ECMPM has a Current ratio of 0.40. This is in the lower half of the industry: ECMPM underperforms 62.50% of its industry peers.
A Quick Ratio of 0.40 indicates that ECMPM may have some problems paying its short term obligations.
ECMPM has a Quick ratio of 0.40. This is in the lower half of the industry: ECMPM underperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 483.19% over the past year.
ECMPM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.49% yearly.
The Revenue has been growing slightly by 2.30% in the past year.
ECMPM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.35% yearly.
EPS 1Y (TTM)483.19%
EPS 3Y17.87%
EPS 5Y18.49%
EPS Q2Q%15.38%
Revenue 1Y (TTM)2.3%
Revenue growth 3Y2.77%
Revenue growth 5Y2.35%
Sales Q2Q%2.7%
3.2 Future
ECMPM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.56% yearly.
The Revenue is expected to grow by 0.59% on average over the next years.
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
Based on the Price/Earnings ratio of 6.51, the valuation of ECMPM can be described as very cheap.
Based on the Price/Earnings ratio, ECMPM is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ECMPM to the average of the S&P500 Index (26.34), we can say ECMPM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.12, the valuation of ECMPM can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ECMPM indicates a somewhat cheap valuation: ECMPM is cheaper than 62.50% of the companies listed in the same industry.
ECMPM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.51 | ||
| Fwd PE | 10.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ECMPM is valued cheaper than 87.50% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ECMPM indicates a slightly more expensive valuation: ECMPM is more expensive than 72.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.47 | ||
| EV/EBITDA | 11.52 |
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)2.35
PEG (5Y)0.35
EPS Next 2Y2.59%
EPS Next 3Y2.56%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.10%, ECMPM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.57, ECMPM pays a better dividend. On top of this ECMPM pays more dividend than 85.00% of the companies listed in the same industry.
ECMPM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.1% |
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
33.07% of the earnings are spent on dividend by ECMPM. This is a low number and sustainable payout ratio.
DP33.07%
EPS Next 2Y2.59%
EPS Next 3Y2.56%
BIT:ECMPM (6/9/2025, 7:00:00 PM)
26.1
+0.85 (+3.37%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners32.62%
Inst Owner ChangeN/A
Ins Owners18.58%
Ins Owner ChangeN/A
Market Cap1.43B
Analysts83.16
Price Target28 (7.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.1% |
Yearly Dividend1.33
Dividend Growth(5Y)-5.38%
DP33.07%
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)-0.12%
PT rev (3m)-0.67%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.51 | ||
| Fwd PE | 10.12 | ||
| P/S | 3.66 | ||
| P/FCF | 20.47 | ||
| P/OCF | 13.21 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 11.52 |
EPS(TTM)4.01
EY15.36%
EPS(NY)2.58
Fwd EY9.88%
FCF(TTM)1.27
FCFY4.88%
OCF(TTM)1.98
OCFY7.57%
SpS7.13
BVpS38.52
TBVpS38.52
PEG (NY)2.35
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.44% | ||
| ROE | 10.21% | ||
| ROCE | 6.81% | ||
| ROIC | 5.6% | ||
| ROICexc | 5.64% | ||
| ROICexgc | 5.64% | ||
| OM | 65.54% | ||
| PM (TTM) | 55.16% | ||
| GM | 71.16% | ||
| FCFM | 17.87% |
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-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 22.54 | ||
| Debt/EBITDA | 5.65 | ||
| Cap/Depr | 1882.05% | ||
| Cap/Sales | 9.83% | ||
| Interest Coverage | 5 | ||
| Cash Conversion | 41.92% | ||
| Profit Quality | 32.4% | ||
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 1.23 |
F-Score5
WACC5.04%
ROIC/WACC1.11
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)483.19%
EPS 3Y17.87%
EPS 5Y18.49%
EPS Q2Q%15.38%
EPS Next Y2.77%
EPS Next 2Y2.59%
EPS Next 3Y2.56%
EPS Next 5YN/A
Revenue 1Y (TTM)2.3%
Revenue growth 3Y2.77%
Revenue growth 5Y2.35%
Sales Q2Q%2.7%
Revenue Next Year1.37%
Revenue Next 2Y1.92%
Revenue Next 3Y1.13%
Revenue Next 5Y0.59%
EBIT growth 1Y2.02%
EBIT growth 3Y1.97%
EBIT growth 5Y1.58%
EBIT Next Year-1.76%
EBIT Next 3Y1.07%
EBIT Next 5YN/A
FCF growth 1Y-24.33%
FCF growth 3Y-3.5%
FCF growth 5Y5.65%
OCF growth 1Y-9.67%
OCF growth 3Y1.91%
OCF growth 5Y-1.65%