ICADE (ICAD.PA) Stock Fundamental Analysis
EPA:ICAD - Euronext Paris - Matif - FR0000035081 - REIT - Currency: EUR
Overall ICAD gets a fundamental rating of 3 out of 10. We evaluated ICAD against 41 industry peers in the Diversified REITs industry. ICAD may be in some trouble as it scores bad on both profitability and health. ICAD is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ICAD was profitable.
ICAD had a positive operating cash flow in the past year.
In multiple years ICAD reported negative net income over the last 5 years.
In the past 5 years ICAD always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ICAD (-2.62%) is worse than 82.93% of its industry peers.
ICAD has a Return On Equity of -6.38%. This is amonst the worse of the industry: ICAD underperforms 85.37% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.77%, ICAD is doing worse than 80.49% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ICAD is in line with the industry average of 3.55%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.62% | ||
| ROE | -6.38% | ||
| ROIC | 1.77% |
ROA(3y)-4.37%
ROA(5y)-2.07%
ROE(3y)-10.21%
ROE(5y)-4.69%
ROIC(3y)2.14%
ROIC(5y)2.38%
1.3 Margins
The Operating Margin of ICAD (13.47%) is worse than 87.80% of its industry peers.
ICAD's Operating Margin has declined in the last couple of years.
ICAD does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.47% | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3Y-28.23%
OM growth 5Y-3.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
ICAD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ICAD has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ICAD has been increased compared to 5 years ago.
ICAD has a worse debt/assets ratio than last year.
2.2 Solvency
ICAD has an Altman-Z score of 0.84. This is a bad value and indicates that ICAD is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ICAD (0.84) is worse than 60.98% of its industry peers.
ICAD has a debt to FCF ratio of 28.49. This is a negative value and a sign of low solvency as ICAD would need 28.49 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 28.49, ICAD is doing worse than 68.29% of the companies in the same industry.
A Debt/Equity ratio of 0.99 indicates that ICAD is somewhat dependend on debt financing.
ICAD has a worse Debt to Equity ratio (0.99) than 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 28.49 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.6
WACC2.95%
2.3 Liquidity
A Current Ratio of 1.84 indicates that ICAD should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.84, ICAD belongs to the top of the industry, outperforming 87.80% of the companies in the same industry.
A Quick Ratio of 1.55 indicates that ICAD should not have too much problems paying its short term obligations.
ICAD has a Quick ratio of 1.55. This is amongst the best in the industry. ICAD outperforms 87.80% of its industry peers.
| 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.
Measured over the past years, ICAD shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.69% on average per year.
Looking at the last year, ICAD shows a decrease in Revenue. The Revenue has decreased by -5.13% in the last year.
ICAD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.64% yearly.
EPS 1Y (TTM)12.06%
EPS 3YN/A
EPS 5Y-9.69%
EPS Q2Q%-83.39%
Revenue 1Y (TTM)-5.13%
Revenue growth 3Y-1.82%
Revenue growth 5Y0.64%
Sales Q2Q%-0.77%
3.2 Future
Based on estimates for the next years, ICAD will show a decrease in Earnings Per Share. The EPS will decrease by -0.73% on average per year.
Based on estimates for the next years, ICAD will show a decrease in Revenue. The Revenue will decrease by -1.82% on average per year.
EPS Next Y7.14%
EPS Next 2Y-0.27%
EPS Next 3Y-0.73%
EPS Next 5YN/A
Revenue Next Year-8.73%
Revenue Next 2Y-3.15%
Revenue Next 3Y-1.82%
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
ICAD is valuated cheaply with a Price/Earnings ratio of 7.46.
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.
ICAD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.29.
Based on the Price/Forward Earnings ratio of 6.96, the valuation of ICAD can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ICAD indicates a rather cheap valuation: ICAD is cheaper than 97.56% of the companies listed 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 22.17.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.46 | ||
| Fwd PE | 6.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICAD is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ICAD is valued a bit cheaper than the industry average as 65.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.81 | ||
| EV/EBITDA | 15.37 |
4.3 Compensation for Growth
ICAD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.04
PEG (5Y)N/A
EPS Next 2Y-0.27%
EPS Next 3Y-0.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.80%, ICAD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.44, ICAD has a dividend in line with its industry peers.
ICAD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.8% |
5.2 History
The dividend of ICAD has a limited annual growth rate of 1.04%.
Dividend Growth(5Y)1.04%
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.
DP-132.91%
EPS Next 2Y-0.27%
EPS Next 3Y-0.73%
EPA:ICAD (6/3/2025, 4:39:43 PM)
23.56
-0.12 (-0.51%)
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 Cap1.80B
Analysts70.48
Price Target25.79 (9.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.8% |
Yearly Dividend4.84
Dividend Growth(5Y)1.04%
DP-132.91%
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)-3.97%
PT rev (3m)-8.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.64%
Revenue NY rev (3m)-6.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.46 | ||
| Fwd PE | 6.96 | ||
| P/S | 1.14 | ||
| P/FCF | 10.81 | ||
| P/OCF | 4.9 | ||
| P/B | 0.42 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | 15.37 |
EPS(TTM)3.16
EY13.41%
EPS(NY)3.39
Fwd EY14.37%
FCF(TTM)2.18
FCFY9.25%
OCF(TTM)4.81
OCFY20.4%
SpS20.62
BVpS56.72
TBVpS56.26
PEG (NY)1.04
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.62% | ||
| ROE | -6.38% | ||
| ROCE | 2.53% | ||
| ROIC | 1.77% | ||
| ROICexc | 1.97% | ||
| ROICexgc | 1.98% | ||
| OM | 13.47% | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 10.57% |
ROA(3y)-4.37%
ROA(5y)-2.07%
ROE(3y)-10.21%
ROE(5y)-4.69%
ROIC(3y)2.14%
ROIC(5y)2.38%
ROICexc(3y)2.49%
ROICexc(5y)2.67%
ROICexgc(3y)2.5%
ROICexgc(5y)2.68%
ROCE(3y)3.06%
ROCE(5y)3.38%
ROICexcg growth 3Y-8.78%
ROICexcg growth 5Y2.92%
ROICexc growth 3Y-8.79%
ROICexc growth 5Y2.96%
OM growth 3Y-28.23%
OM growth 5Y-3.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 28.49 | ||
| Debt/EBITDA | 13.44 | ||
| Cap/Depr | 187.28% | ||
| Cap/Sales | 12.74% | ||
| Interest Coverage | 2.79 | ||
| Cash Conversion | 115% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.84 | ||
| Quick Ratio | 1.55 | ||
| Altman-Z | 0.84 |
F-Score7
WACC2.95%
ROIC/WACC0.6
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 Y7.14%
EPS Next 2Y-0.27%
EPS Next 3Y-0.73%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.13%
Revenue growth 3Y-1.82%
Revenue growth 5Y0.64%
Sales Q2Q%-0.77%
Revenue Next Year-8.73%
Revenue Next 2Y-3.15%
Revenue Next 3Y-1.82%
Revenue Next 5YN/A
EBIT growth 1Y-17.53%
EBIT growth 3Y-29.53%
EBIT growth 5Y-3.23%
EBIT Next Year45.89%
EBIT Next 3Y14.53%
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%