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IMMOBILIERE DASSAULT SA (IMDA.PA) Stock Fundamental Analysis

EPA:IMDA - Euronext Paris - Matif - FR0000033243 - REIT - Currency: EUR

54.2  +0.2 (+0.37%)

Fundamental Rating

4

Taking everything into account, IMDA scores 4 out of 10 in our fundamental rating. IMDA was compared to 42 industry peers in the Diversified REITs industry. While IMDA has a great profitability rating, there are quite some concerns on its financial health. IMDA does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year IMDA was profitable.
In the past year IMDA had a positive cash flow from operations.
Of the past 5 years IMDA 4 years were profitable.
In the past 5 years IMDA always reported a positive cash flow from operatings.
IMDA.PA Yearly Net Income VS EBIT VS OCF VS FCFIMDA.PA 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 2024 0 20M -20M 40M 60M 80M 100M

1.2 Ratios

With a decent Return On Assets value of 3.09%, IMDA is doing good in the industry, outperforming 61.90% of the companies in the same industry.
IMDA has a Return On Equity of 4.57%. This is comparable to the rest of the industry: IMDA outperforms 52.38% of its industry peers.
IMDA has a Return On Invested Capital of 2.78%. This is in the lower half of the industry: IMDA underperforms 64.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IMDA is in line with the industry average of 3.60%.
The last Return On Invested Capital (2.78%) for IMDA is above the 3 year average (2.53%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.09%
ROE 4.57%
ROIC 2.78%
ROA(3y)1.66%
ROA(5y)5.38%
ROE(3y)2.38%
ROE(5y)8.16%
ROIC(3y)2.53%
ROIC(5y)2.15%
IMDA.PA Yearly ROA, ROE, ROICIMDA.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

IMDA's Profit Margin of 91.69% is amongst the best of the industry. IMDA outperforms 88.10% of its industry peers.
In the last couple of years the Profit Margin of IMDA has declined.
The Operating Margin of IMDA (89.90%) is better than 90.48% of its industry peers.
In the last couple of years the Operating Margin of IMDA has grown nicely.
IMDA has a Gross Margin of 96.11%. This is amongst the best in the industry. IMDA outperforms 90.48% of its industry peers.
IMDA's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 89.9%
PM (TTM) 91.69%
GM 96.11%
OM growth 3Y3.65%
OM growth 5Y3.97%
PM growth 3Y-31.76%
PM growth 5Y-15.38%
GM growth 3Y2.21%
GM growth 5Y1.83%
IMDA.PA Yearly Profit, Operating, Gross MarginsIMDA.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 400

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IMDA is destroying value.
IMDA has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for IMDA has been increased compared to 5 years ago.
The debt/assets ratio for IMDA is higher compared to a year ago.
IMDA.PA Yearly Shares OutstandingIMDA.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M
IMDA.PA Yearly Total Debt VS Total AssetsIMDA.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

Based on the Altman-Z score of 1.46, we must say that IMDA is in the distress zone and has some risk of bankruptcy.
IMDA's Altman-Z score of 1.46 is amongst the best of the industry. IMDA outperforms 90.48% of its industry peers.
IMDA has a debt to FCF ratio of 12.54. This is a negative value and a sign of low solvency as IMDA would need 12.54 years to pay back of all of its debts.
IMDA's Debt to FCF ratio of 12.54 is in line compared to the rest of the industry. IMDA outperforms 47.62% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that IMDA is not too dependend on debt financing.
The Debt to Equity ratio of IMDA (0.16) is better than 97.62% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 12.54
Altman-Z 1.46
ROIC/WACC0.45
WACC6.2%
IMDA.PA Yearly LT Debt VS Equity VS FCFIMDA.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.3 Liquidity

A Current Ratio of 0.10 indicates that IMDA may have some problems paying its short term obligations.
IMDA has a worse Current ratio (0.10) than 85.71% of its industry peers.
IMDA has a Quick Ratio of 0.10. This is a bad value and indicates that IMDA is not financially healthy enough and could expect problems in meeting its short term obligations.
IMDA has a Quick ratio of 0.10. This is amonst the worse of the industry: IMDA underperforms 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 0.1
Quick Ratio 0.1
IMDA.PA Yearly Current Assets VS Current LiabilitesIMDA.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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2

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 204.73% over the past year.
IMDA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.37% yearly.
The Revenue has been growing slightly by 7.73% in the past year.
The Revenue has been growing slightly by 7.48% on average over the past years.
EPS 1Y (TTM)204.73%
EPS 3Y-28.28%
EPS 5Y-9.37%
EPS Q2Q%160.36%
Revenue 1Y (TTM)7.73%
Revenue growth 3Y5.72%
Revenue growth 5Y7.48%
Sales Q2Q%8.08%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
IMDA.PA Yearly Revenue VS EstimatesIMDA.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
IMDA.PA Yearly EPS VS EstimatesIMDA.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 1 2 3

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2

4. Valuation

4.1 Price/Earnings Ratio

IMDA is valuated correctly with a Price/Earnings ratio of 13.58.
Based on the Price/Earnings ratio, IMDA is valued a bit cheaper than 61.90% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.48, IMDA is valued a bit cheaper.
Industry RankSector Rank
PE 13.58
Fwd PE N/A
IMDA.PA Price Earnings VS Forward Price EarningsIMDA.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, IMDA is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 17.82
EV/EBITDA N/A
IMDA.PA Per share dataIMDA.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

The decent profitability rating of IMDA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.85%, IMDA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.36, IMDA is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.39, IMDA pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.85%

5.2 History

On average, the dividend of IMDA grows each year by 10.36%, which is quite nice.
Dividend Growth(5Y)10.36%
Div Incr Years4
Div Non Decr Years4
IMDA.PA Yearly Dividends per shareIMDA.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

IMDA pays out 50.44% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of IMDA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP50.44%
EPS Next 2YN/A
EPS Next 3YN/A
IMDA.PA Yearly Income VS Free CF VS DividendIMDA.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M
IMDA.PA Dividend Payout.IMDA.PA Dividend Payout, showing the Payout Ratio.IMDA.PA Dividend Payout.PayoutRetained Earnings

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IMMOBILIERE DASSAULT SA

EPA:IMDA (8/8/2025, 7:00:00 PM)

54.2

+0.2 (+0.37%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-24 2025-07-24
Earnings (Next)01-26 2026-01-26
Inst Owners0.42%
Inst Owner ChangeN/A
Ins Owners11.43%
Ins Owner ChangeN/A
Market Cap371.81M
Analysts85.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.85%
Yearly Dividend2.01
Dividend Growth(5Y)10.36%
DP50.44%
Div Incr Years4
Div Non Decr Years4
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 13.58
Fwd PE N/A
P/S 12.49
P/FCF 17.82
P/OCF 17.82
P/B 0.62
P/tB 0.62
EV/EBITDA N/A
EPS(TTM)3.99
EY7.36%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)3.04
FCFY5.61%
OCF(TTM)3.04
OCFY5.61%
SpS4.34
BVpS87.02
TBVpS87.02
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.09%
ROE 4.57%
ROCE 3.79%
ROIC 2.78%
ROICexc 2.78%
ROICexgc 2.78%
OM 89.9%
PM (TTM) 91.69%
GM 96.11%
FCFM 70.06%
ROA(3y)1.66%
ROA(5y)5.38%
ROE(3y)2.38%
ROE(5y)8.16%
ROIC(3y)2.53%
ROIC(5y)2.15%
ROICexc(3y)2.54%
ROICexc(5y)2.16%
ROICexgc(3y)2.54%
ROICexgc(5y)2.16%
ROCE(3y)3.46%
ROCE(5y)2.94%
ROICexcg growth 3Y16.3%
ROICexcg growth 5Y11.69%
ROICexc growth 3Y16.3%
ROICexc growth 5Y11.69%
OM growth 3Y3.65%
OM growth 5Y3.97%
PM growth 3Y-31.76%
PM growth 5Y-15.38%
GM growth 3Y2.21%
GM growth 5Y1.83%
F-Score6
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 12.54
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion N/A
Profit Quality 76.41%
Current Ratio 0.1
Quick Ratio 0.1
Altman-Z 1.46
F-Score6
WACC6.2%
ROIC/WACC0.45
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)204.73%
EPS 3Y-28.28%
EPS 5Y-9.37%
EPS Q2Q%160.36%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.73%
Revenue growth 3Y5.72%
Revenue growth 5Y7.48%
Sales Q2Q%8.08%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.19%
EBIT growth 3Y9.57%
EBIT growth 5Y11.75%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y59.81%
FCF growth 3Y18.09%
FCF growth 5Y16.31%
OCF growth 1Y58.69%
OCF growth 3Y16.36%
OCF growth 5Y16.24%