ICADE (ICAD.PA) Stock Fundamental Analysis
EPA:ICAD - Euronext Paris - Matif - FR0000035081 - REIT - Currency: EUR
ICAD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 42 industry peers in the Diversified REITs industry. ICAD may be in some trouble as it scores bad on both profitability and health. A decent growth rate in combination with a cheap valuation! Better keep an eye on ICAD.
1. Profitability
1.1 Basic Checks
ICAD had positive earnings in the past year.
ICAD had a positive operating cash flow in the past year.
In multiple years ICAD reported negative net income over the last 5 years.
ICAD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ICAD has a Return On Assets of -4.34%. This is amonst the worse of the industry: ICAD underperforms 80.49% of its industry peers.
The Return On Equity of ICAD (-10.56%) is worse than 80.49% of its industry peers.
With a Return On Invested Capital value of 2.23%, ICAD is not doing good in the industry: 82.93% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.34% | ||
| ROE | -10.56% | ||
| ROIC | 2.23% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Operating Margin of ICAD (11.72%) is worse than 85.37% of its industry peers.
In the last couple of years the Operating Margin of ICAD has declined.
The Profit Margin and Gross Margin are not available for ICAD so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.72% | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3Y-28.18%
OM growth 5Y-3.81%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ICAD is destroying value.
ICAD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
ICAD has an Altman-Z score of 0.90. This is a bad value and indicates that ICAD is not financially healthy and even has some risk of bankruptcy.
ICAD has a Altman-Z score of 0.90. This is comparable to the rest of the industry: ICAD outperforms 48.78% of its industry peers.
The Debt to FCF ratio of ICAD is 28.49, which is on the high side as it means it would take ICAD, 28.49 years of fcf income to pay off all of its debts.
ICAD has a worse Debt to FCF ratio (28.49) than 70.73% of its industry peers.
A Debt/Equity ratio of 0.99 indicates that ICAD is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.99, ICAD is doing worse than 75.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 28.49 | ||
| Altman-Z | 0.9 |
ROIC/WACC0.51
WACC4.38%
2.3 Liquidity
ICAD has a Current Ratio of 1.84. This is a normal value and indicates that ICAD is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of ICAD (1.84) is better than 92.68% of its industry peers.
A Quick Ratio of 1.55 indicates that ICAD should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.55, ICAD belongs to the best of the industry, outperforming 90.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.84 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.06% over the past year.
ICAD shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.69% yearly.
Looking at the last year, ICAD shows a very strong growth in Revenue. The Revenue has grown by 37.05%.
The Revenue has been growing slightly by 0.64% on average over the past years.
EPS 1Y (TTM)12.06%
EPS 3YN/A
EPS 5Y-9.69%
EPS Q2Q%-83.39%
Revenue 1Y (TTM)37.05%
Revenue growth 3Y-1.82%
Revenue growth 5Y0.64%
Sales Q2Q%-0.77%
3.2 Future
ICAD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.09% yearly.
The Revenue is expected to grow by 0.13% on average over the next years.
EPS Next Y7.95%
EPS Next 2Y-1.12%
EPS Next 3Y0.09%
EPS Next 5YN/A
Revenue Next Year-2.22%
Revenue Next 2Y-1.67%
Revenue Next 3Y0.13%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.54, the valuation of ICAD can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of ICAD indicates a rather cheap valuation: ICAD is cheaper than 90.24% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.63. ICAD is valued rather cheaply when compared to this.
ICAD is valuated cheaply with a Price/Forward Earnings ratio of 6.06.
ICAD's Price/Forward Earnings ratio is rather cheap when compared to the industry. ICAD is cheaper than 95.12% of the companies in the same industry.
ICAD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.54 | ||
| Fwd PE | 6.06 |
4.2 Price Multiples
87.80% of the companies in the same industry are more expensive than ICAD, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ICAD is valued a bit cheaper than 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.48 | ||
| EV/EBITDA | 10.69 |
4.3 Compensation for Growth
ICAD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y-1.12%
EPS Next 3Y0.09%
5. Dividend
5.1 Amount
ICAD has a Yearly Dividend Yield of 21.25%, which is a nice return.
ICAD's Dividend Yield is rather good when compared to the industry average which is at 8.11. ICAD pays more dividend than 95.12% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, ICAD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 21.25% |
5.2 History
The dividend of ICAD has a limited annual growth rate of 0.17%.
Dividend Growth(5Y)0.17%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
ICAD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of ICAD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-80.35%
EPS Next 2Y-1.12%
EPS Next 3Y0.09%
EPA:ICAD (3/21/2025, 7:00:00 PM)
20.66
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners72.42%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap1.57B
Analysts73.33
Price Target28.06 (35.82%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 21.25% |
Yearly Dividend4.33
Dividend Growth(5Y)0.17%
DP-80.35%
Div Incr Years1
Div Non Decr Years1
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)-0.49%
PT rev (3m)-7.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.45%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)-0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.54 | ||
| Fwd PE | 6.06 | ||
| P/S | 0.69 | ||
| P/FCF | 9.48 | ||
| P/OCF | 4.3 | ||
| P/B | 0.36 | ||
| P/tB | 0.37 | ||
| EV/EBITDA | 10.69 |
EPS(TTM)3.16
EY15.3%
EPS(NY)3.41
Fwd EY16.51%
FCF(TTM)2.18
FCFY10.55%
OCF(TTM)4.81
OCFY23.26%
SpS29.79
BVpS56.72
TBVpS56.26
PEG (NY)0.82
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.34% | ||
| ROE | -10.56% | ||
| ROCE | 3.18% | ||
| ROIC | 2.23% | ||
| ROICexc | 2.72% | ||
| ROICexgc | 2.73% | ||
| OM | 11.72% | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 7.32% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-28.18%
OM growth 5Y-3.81%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 28.49 | ||
| Debt/EBITDA | 11.48 | ||
| Cap/Depr | 187.28% | ||
| Cap/Sales | 8.82% | ||
| Interest Coverage | 3.51 | ||
| Cash Conversion | 98.23% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.84 | ||
| Quick Ratio | 1.55 | ||
| Altman-Z | 0.9 |
F-Score7
WACC4.38%
ROIC/WACC0.51
Cap/Depr(3y)678.24%
Cap/Depr(5y)1255.8%
Cap/Sales(3y)20.42%
Cap/Sales(5y)31.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.06%
EPS 3YN/A
EPS 5Y-9.69%
EPS Q2Q%-83.39%
EPS Next Y7.95%
EPS Next 2Y-1.12%
EPS Next 3Y0.09%
EPS Next 5YN/A
Revenue 1Y (TTM)37.05%
Revenue growth 3Y-1.82%
Revenue growth 5Y0.64%
Sales Q2Q%-0.77%
Revenue Next Year-2.22%
Revenue Next 2Y-1.67%
Revenue Next 3Y0.13%
Revenue Next 5YN/A
EBIT growth 1Y3.66%
EBIT growth 3Y-29.49%
EBIT growth 5Y-3.2%
EBIT Next Year46.99%
EBIT Next 3Y15.87%
EBIT Next 5Y8.7%
FCF growth 1Y4516.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.88%
OCF growth 3Y-11.53%
OCF growth 5Y-0.14%