IMMOBEL (IMMO.BR) Stock Fundamental Analysis

EBR:IMMO • BE0003599108

25.8 EUR
+0.8 (+3.2%)
Last: Feb 16, 2026, 05:27 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to IMMO. IMMO was compared to 69 industry peers in the Real Estate Management & Development industry. IMMO may be in some trouble as it scores bad on both profitability and health. IMMO scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally IMMO also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • IMMO had positive earnings in the past year.
  • In the past year IMMO had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: IMMO reported negative net income in multiple years.
  • In the past 5 years IMMO reported 4 times negative operating cash flow.
IMMO.BR Yearly Net Income VS EBIT VS OCF VS FCFIMMO.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M -150M

1.2 Ratios

  • With a decent Return On Assets value of 1.81%, IMMO is doing good in the industry, outperforming 60.87% of the companies in the same industry.
  • IMMO has a Return On Equity of 6.52%. This is in the better half of the industry: IMMO outperforms 69.57% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 2.22%, IMMO is in line with its industry, outperforming 56.52% of the companies in the same industry.
Industry RankSector 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
IMMO.BR Yearly ROA, ROE, ROICIMMO.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

  • With a decent Profit Margin value of 6.49%, IMMO is doing good in the industry, outperforming 60.87% of the companies in the same industry.
  • With a Operating Margin value of 6.38%, IMMO perfoms like the industry average, outperforming 50.72% of the companies in the same industry.
  • With a Gross Margin value of 12.65%, IMMO is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of IMMO has declined.
Industry RankSector 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%
IMMO.BR Yearly Profit, Operating, Gross MarginsIMMO.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IMMO is destroying value.
  • The number of shares outstanding for IMMO has been increased compared to 1 year ago.
  • IMMO has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for IMMO is higher compared to a year ago.
IMMO.BR Yearly Shares OutstandingIMMO.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
IMMO.BR Yearly Total Debt VS Total AssetsIMMO.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • IMMO has an Altman-Z score of 1.21. This is a bad value and indicates that IMMO is not financially healthy and even has some risk of bankruptcy.
  • IMMO's Altman-Z score of 1.21 is fine compared to the rest of the industry. IMMO outperforms 60.87% of its industry peers.
  • The Debt to FCF ratio of IMMO is 8.20, which is on the high side as it means it would take IMMO, 8.20 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 8.20, IMMO is doing good in the industry, outperforming 75.36% of the companies in the same industry.
  • IMMO has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
  • IMMO has a Debt to Equity ratio of 1.08. This is comparable to the rest of the industry: IMMO outperforms 40.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.08
Debt/FCF 8.2
Altman-Z 1.21
ROIC/WACC0.56
WACC3.96%
IMMO.BR Yearly LT Debt VS Equity VS FCFIMMO.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

  • IMMO has a Current Ratio of 1.92. This is a normal value and indicates that IMMO is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 1.92, IMMO is doing good in the industry, outperforming 63.77% of the companies in the same industry.
  • IMMO has a Quick Ratio of 1.92. This is a bad value and indicates that IMMO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • IMMO has a worse Quick ratio (0.37) than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.92
Quick Ratio 0.37
IMMO.BR Yearly Current Assets VS Current LiabilitesIMMO.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 121.05% over the past year.
  • The Revenue has grown by 115.32% in the past year. This is a very strong growth!
  • Measured over the past years, IMMO shows a decrease in Revenue. The Revenue has been decreasing by -1.99% on average per year.
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

  • Based on estimates for the next years, IMMO will show a very strong growth in Earnings Per Share. The EPS will grow by 58.44% on average per year.
  • IMMO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.41% yearly.
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.
IMMO.BR Yearly Revenue VS EstimatesIMMO.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
IMMO.BR Yearly EPS VS EstimatesIMMO.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 4 6 8 10

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.81, the valuation of IMMO can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of IMMO indicates a somewhat cheap valuation: IMMO is cheaper than 78.26% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.68, IMMO is valued rather cheaply.
  • The Price/Forward Earnings ratio is 5.04, which indicates a rather cheap valuation of IMMO.
  • IMMO's Price/Forward Earnings ratio is rather cheap when compared to the industry. IMMO is cheaper than 95.65% of the companies in the same industry.
  • IMMO is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.81
Fwd PE 5.04
IMMO.BR Price Earnings VS Forward Price EarningsIMMO.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 92.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.36
EV/EBITDA 27.27
IMMO.BR Per share dataIMMO.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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.
  • IMMO's earnings are expected to grow with 58.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y87.2%
EPS Next 3Y58.44%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

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 4.23. IMMO pays more dividend than 86.96% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.84, IMMO pays a better dividend.
Industry RankSector 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
IMMO.BR Yearly Dividends per shareIMMO.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 1 2 3

5.3 Sustainability

  • IMMO pays out 0.43% of its income as dividend. This is a sustainable payout ratio.
DP0.43%
EPS Next 2Y87.2%
EPS Next 3Y58.44%
IMMO.BR Yearly Income VS Free CF VS DividendIMMO.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M -150M
IMMO.BR Dividend Payout.IMMO.BR Dividend Payout, showing the Payout Ratio.IMMO.BR Dividend Payout.PayoutRetained Earnings

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IMMOBEL

EBR:IMMO (2/16/2026, 5:27:48 PM)

25.8

+0.8 (+3.2%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)09-12
Earnings (Next)03-06
Inst Owners2.23%
Inst Owner ChangeN/A
Ins Owners59.41%
Ins Owner ChangeN/A
Market Cap264.45M
Revenue(TTM)415.06M
Net Income(TTM)26.95M
Analysts84
Price Target35.01 (35.7%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.74%
Yearly Dividend0.55
Dividend Growth(5Y)-25.67%
DP0.43%
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.81
Fwd PE 5.04
P/S 0.64
P/FCF 2.36
P/OCF 2.39
P/B 0.64
P/tB 0.64
EV/EBITDA 27.27
EPS(TTM)2.63
EY10.19%
EPS(NY)5.12
Fwd EY19.83%
FCF(TTM)10.94
FCFY42.4%
OCF(TTM)10.8
OCFY41.86%
SpS40.49
BVpS40.31
TBVpS40.15
PEG (NY)0.04
PEG (5Y)N/A
Graham Number48.84
Profitability
Industry RankSector Rank
ROA 1.81%
ROE 6.52%
ROCE 2.96%
ROIC 2.22%
ROICexc 2.69%
ROICexgc 2.69%
OM 6.38%
PM (TTM) 6.49%
GM 12.65%
FCFM 27.01%
ROA(3y)-2.53%
ROA(5y)0.04%
ROE(3y)-10.19%
ROE(5y)-1.54%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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%
F-Score7
Asset Turnover0.28
Health
Industry RankSector Rank
Debt/Equity 1.08
Debt/FCF 8.2
Debt/EBITDA 11.89
Cap/Depr 13.12%
Cap/Sales 0.34%
Interest Coverage 0.63
Cash Conversion 296.13%
Profit Quality 416.09%
Current Ratio 1.92
Quick Ratio 0.37
Altman-Z 1.21
F-Score7
WACC3.96%
ROIC/WACC0.56
Cap/Depr(3y)6.2%
Cap/Depr(5y)47.08%
Cap/Sales(3y)1.24%
Cap/Sales(5y)1.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)121.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%134.73%
EPS Next Y227.5%
EPS Next 2Y87.2%
EPS Next 3Y58.44%
EPS Next 5YN/A
Revenue 1Y (TTM)115.32%
Revenue growth 3Y-1.15%
Revenue growth 5Y-1.99%
Sales Q2Q%31.41%
Revenue Next Year19.47%
Revenue Next 2Y24.72%
Revenue Next 3Y17.41%
Revenue Next 5YN/A
EBIT growth 1Y133.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2229.89%
EBIT Next 3Y213.4%
EBIT Next 5YN/A
FCF growth 1Y180.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y180.89%
OCF growth 3YN/A
OCF growth 5YN/A

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 3 / 10.


How financially healthy is IMMOBEL?

The financial health rating of IMMOBEL (IMMO.BR) is 2 / 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.