IMMOBEL (IMMO.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:IMMO - BE0003599108 - Common Stock
23.95 EUR
+0.05 (+0.21%)
Overall IMMO gets a fundamental rating of 4 out of 10. We evaluated IMMO against 71 industry peers in the Real Estate Management & Development industry. Both the profitability and financial health of IMMO have multiple concerns. A decent growth rate in combination with a cheap valuation! Better keep an eye on IMMO. IMMO also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year IMMO was profitable.
- IMMO had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: IMMO reported negative net income in multiple years.
- IMMO had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.81%, IMMO is in line with its industry, outperforming 53.52% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 6.52%, IMMO is in the better half of the industry, outperforming 66.20% of the companies in the same industry.
- IMMO has a Return On Invested Capital (2.22%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.81% | ||
| ROE | 6.52% | ||
| ROIC | 2.22% |
ROA(3y)-2.53%
ROA(5y)0.04%
ROE(3y)-10.19%
ROE(5y)-1.54%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- IMMO's Profit Margin of 6.49% is in line compared to the rest of the industry. IMMO outperforms 54.93% of its industry peers.
- With a Operating Margin value of 6.38%, IMMO perfoms like the industry average, outperforming 47.89% of the companies in the same industry.
- With a Gross Margin value of 12.65%, IMMO is not doing good in the industry: 67.61% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of IMMO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.38% | ||
| PM (TTM) | 6.49% | ||
| GM | 12.65% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-27.71%
GM growth 5Y-23.95%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IMMO is destroying value.
- Compared to 1 year ago, IMMO has more shares outstanding
- The number of shares outstanding for IMMO has been increased compared to 5 years ago.
- Compared to 1 year ago, IMMO has a worse debt to assets ratio.
2.2 Solvency
- IMMO has an Altman-Z score of 1.20. This is a bad value and indicates that IMMO is not financially healthy and even has some risk of bankruptcy.
- IMMO has a Altman-Z score of 1.20. This is in the better half of the industry: IMMO outperforms 60.56% of its industry peers.
- IMMO has a debt to FCF ratio of 8.20. This is a slightly negative value and a sign of low solvency as IMMO would need 8.20 years to pay back of all of its debts.
- The Debt to FCF ratio of IMMO (8.20) is better than 76.06% of its industry peers.
- IMMO has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.08, IMMO is doing worse than 60.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 8.2 | ||
| Altman-Z | 1.2 |
ROIC/WACC0.58
WACC3.83%
2.3 Liquidity
- A Current Ratio of 1.92 indicates that IMMO should not have too much problems paying its short term obligations.
- The Current ratio of IMMO (1.92) is better than 63.38% of its industry peers.
- A Quick Ratio of 0.37 indicates that IMMO may have some problems paying its short term obligations.
- With a Quick ratio value of 0.37, IMMO is not doing good in the industry: 63.38% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
- IMMO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 121.05%, which is quite impressive.
- Looking at the last year, IMMO shows a very strong growth in Revenue. The Revenue has grown by 115.32%.
- IMMO shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.99% yearly.
EPS 1Y (TTM)121.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%134.73%
Revenue 1Y (TTM)115.32%
Revenue growth 3Y-1.15%
Revenue growth 5Y-1.99%
Sales Q2Q%31.41%
3.2 Future
- The Earnings Per Share is expected to grow by 58.44% on average over the next years. This is a very strong growth
- Based on estimates for the next years, IMMO will show a quite strong growth in Revenue. The Revenue will grow by 17.41% on average per year.
EPS Next Y227.5%
EPS Next 2Y87.2%
EPS Next 3Y58.44%
EPS Next 5YN/A
Revenue Next Year19.47%
Revenue Next 2Y24.72%
Revenue Next 3Y17.41%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 9.11, the valuation of IMMO can be described as reasonable.
- IMMO's Price/Earnings ratio is a bit cheaper when compared to the industry. IMMO is cheaper than 78.87% of the companies in the same industry.
- IMMO is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 4.68, the valuation of IMMO can be described as very cheap.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of IMMO indicates a rather cheap valuation: IMMO is cheaper than 95.77% of the companies listed in the same industry.
- IMMO is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.11 | ||
| Fwd PE | 4.68 |
4.2 Price Multiples
- IMMO's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, IMMO is valued cheaper than 94.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.19 | ||
| EV/EBITDA | 26.98 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as IMMO's earnings are expected to grow with 58.44% in the coming years.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y87.2%
EPS Next 3Y58.44%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.74%, IMMO is a good candidate for dividend investing.
- IMMO's Dividend Yield is rather good when compared to the industry average which is at 4.22. IMMO pays more dividend than 87.32% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, IMMO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.74% |
5.2 History
- The dividend of IMMO decreases each year by -25.67%.
Dividend Growth(5Y)-25.67%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 0.43% of the earnings are spent on dividend by IMMO. This is a low number and sustainable payout ratio.
DP0.43%
EPS Next 2Y87.2%
EPS Next 3Y58.44%
IMMOBEL / IMMO.BR FAQ
What is the fundamental rating for IMMO stock?
ChartMill assigns a fundamental rating of 4 / 10 to IMMO.BR.
What is the valuation status for IMMO stock?
ChartMill assigns a valuation rating of 8 / 10 to IMMOBEL (IMMO.BR). This can be considered as Undervalued.
What is the profitability of IMMO stock?
IMMOBEL (IMMO.BR) has a profitability rating of 2 / 10.
How financially healthy is IMMOBEL?
The financial health rating of IMMOBEL (IMMO.BR) is 3 / 10.
Can you provide the expected EPS growth for IMMO stock?
The Earnings per Share (EPS) of IMMOBEL (IMMO.BR) is expected to grow by 227.5% in the next year.