FONCIERE INEA (INEA.PA) Stock Fundamental Analysis
EPA:INEA - Euronext Paris - Matif - FR0010341032 - REIT - Currency: EUR
We assign a fundamental rating of 4 out of 10 to INEA. INEA was compared to 42 industry peers in the Diversified REITs industry. INEA has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, INEA is valued expensive at the moment. Finally INEA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
INEA had positive earnings in the past year.
INEA had a positive operating cash flow in the past year.
Of the past 5 years INEA 4 years were profitable.
INEA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
INEA has a worse Return On Assets (0.42%) than 66.67% of its industry peers.
The Return On Equity of INEA (0.95%) is worse than 66.67% of its industry peers.
With a Return On Invested Capital value of 3.18%, INEA perfoms like the industry average, outperforming 47.62% of the companies in the same industry.
INEA had an Average Return On Invested Capital over the past 3 years of 2.81%. This is in line with the industry average of 3.58%.
The 3 year average ROIC (2.81%) for INEA is below the current ROIC(3.18%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 0.95% | ||
| ROIC | 3.18% |
ROA(3y)2.33%
ROA(5y)3.54%
ROE(3y)4.2%
ROE(5y)6.76%
ROIC(3y)2.81%
ROIC(5y)2.84%
1.3 Margins
Looking at the Profit Margin, with a value of 6.19%, INEA is doing worse than 64.29% of the companies in the same industry.
INEA has a Operating Margin of 60.63%. This is in the lower half of the industry: INEA underperforms 64.29% of its industry peers.
INEA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 71.10%, INEA is doing worse than 61.90% of the companies in the same industry.
INEA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 60.63% | ||
| PM (TTM) | 6.19% | ||
| GM | 71.1% |
OM growth 3Y0.58%
OM growth 5Y1.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.57%
GM growth 5Y0.31%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so INEA is destroying value.
INEA has about the same amout of shares outstanding than it did 1 year ago.
INEA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, INEA has a worse debt to assets ratio.
2.2 Solvency
INEA has an Altman-Z score of 0.86. This is a bad value and indicates that INEA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of INEA (0.86) is comparable to the rest of the industry.
INEA has a debt to FCF ratio of 11.16. This is a negative value and a sign of low solvency as INEA would need 11.16 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 11.16, INEA is in the better half of the industry, outperforming 61.90% of the companies in the same industry.
A Debt/Equity ratio of 1.16 is on the high side and indicates that INEA has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.16, INEA is doing worse than 80.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 11.16 | ||
| Altman-Z | 0.86 |
ROIC/WACC0.59
WACC5.4%
2.3 Liquidity
INEA has a Current Ratio of 0.90. This is a bad value and indicates that INEA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.90, INEA is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
INEA has a Quick Ratio of 0.90. This is a bad value and indicates that INEA is not financially healthy enough and could expect problems in meeting its short term obligations.
INEA's Quick ratio of 0.90 is fine compared to the rest of the industry. INEA outperforms 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 245.05% over the past year.
The Revenue has grown by 10.82% in the past year. This is quite good.
The Revenue has been growing by 12.20% on average over the past years. This is quite good.
EPS 1Y (TTM)245.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%137.82%
Revenue 1Y (TTM)10.82%
Revenue growth 3Y14.54%
Revenue growth 5Y12.2%
Sales Q2Q%7.76%
3.2 Future
Based on estimates for the next years, INEA will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.15% on average per year.
INEA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.62% yearly.
EPS Next Y4.28%
EPS Next 2Y8.98%
EPS Next 3Y10.15%
EPS Next 5YN/A
Revenue Next Year0.24%
Revenue Next 2Y2.47%
Revenue Next 3Y3.09%
Revenue Next 5Y3.62%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 73.91, INEA can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of INEA indicates a slightly more expensive valuation: INEA is more expensive than 69.05% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of INEA to the average of the S&P500 Index (26.86), we can say INEA is valued expensively.
INEA is valuated reasonably with a Price/Forward Earnings ratio of 11.61.
INEA's Price/Forward Earnings ratio is in line with the industry average.
INEA is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.91 | ||
| Fwd PE | 11.61 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, INEA is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of INEA indicates a rather cheap valuation: INEA is cheaper than 92.86% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.44 | ||
| EV/EBITDA | 20.26 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)17.29
PEG (5Y)N/A
EPS Next 2Y8.98%
EPS Next 3Y10.15%
5. Dividend
5.1 Amount
INEA has a Yearly Dividend Yield of 7.85%, which is a nice return.
Compared to an average industry Dividend Yield of 5.39, INEA pays a better dividend. On top of this INEA pays more dividend than 92.86% of the companies listed in the same industry.
INEA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.85% |
5.2 History
The dividend of INEA has a limited annual growth rate of 1.13%.
Dividend Growth(5Y)1.13%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
INEA pays out 583.11% of its income as dividend. This is not a sustainable payout ratio.
The dividend of INEA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP583.11%
EPS Next 2Y8.98%
EPS Next 3Y10.15%
EPA:INEA (8/20/2025, 7:00:00 PM)
34
-0.4 (-1.16%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners7.82%
Inst Owner ChangeN/A
Ins Owners9.97%
Ins Owner ChangeN/A
Market Cap368.56M
Analysts77.78
Price Target37.74 (11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.85% |
Yearly Dividend2.7
Dividend Growth(5Y)1.13%
DP583.11%
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)-1.46%
PT rev (3m)2.59%
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)-7.65%
Revenue NY rev (3m)-7.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.91 | ||
| Fwd PE | 11.61 | ||
| P/S | 4.55 | ||
| P/FCF | 6.44 | ||
| P/OCF | 6.44 | ||
| P/B | 0.7 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 20.26 |
EPS(TTM)0.46
EY1.35%
EPS(NY)2.93
Fwd EY8.61%
FCF(TTM)5.28
FCFY15.53%
OCF(TTM)5.28
OCFY15.54%
SpS7.47
BVpS48.42
TBVpS48.42
PEG (NY)17.29
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 0.95% | ||
| ROCE | 4.32% | ||
| ROIC | 3.18% | ||
| ROICexc | 3.19% | ||
| ROICexgc | 3.19% | ||
| OM | 60.63% | ||
| PM (TTM) | 6.19% | ||
| GM | 71.1% | ||
| FCFM | 70.7% |
ROA(3y)2.33%
ROA(5y)3.54%
ROE(3y)4.2%
ROE(5y)6.76%
ROIC(3y)2.81%
ROIC(5y)2.84%
ROICexc(3y)2.82%
ROICexc(5y)2.86%
ROICexgc(3y)2.82%
ROICexgc(5y)2.86%
ROCE(3y)3.83%
ROCE(5y)3.87%
ROICexcg growth 3Y2.87%
ROICexcg growth 5Y3.12%
ROICexc growth 3Y2.9%
ROICexc growth 5Y3.15%
OM growth 3Y0.58%
OM growth 5Y1.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.57%
GM growth 5Y0.31%
F-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 11.16 | ||
| Debt/EBITDA | 12.34 | ||
| Cap/Depr | 4.76% | ||
| Cap/Sales | 0.03% | ||
| Interest Coverage | 1.63 | ||
| Cash Conversion | 115.56% | ||
| Profit Quality | 1142.52% | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 0.86 |
F-Score6
WACC5.4%
ROIC/WACC0.59
Cap/Depr(3y)8.98%
Cap/Depr(5y)76.3%
Cap/Sales(3y)0.04%
Cap/Sales(5y)0.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)245.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%137.82%
EPS Next Y4.28%
EPS Next 2Y8.98%
EPS Next 3Y10.15%
EPS Next 5YN/A
Revenue 1Y (TTM)10.82%
Revenue growth 3Y14.54%
Revenue growth 5Y12.2%
Sales Q2Q%7.76%
Revenue Next Year0.24%
Revenue Next 2Y2.47%
Revenue Next 3Y3.09%
Revenue Next 5Y3.62%
EBIT growth 1Y7.14%
EBIT growth 3Y15.21%
EBIT growth 5Y14.21%
EBIT Next Year100.62%
EBIT Next 3YN/A
EBIT Next 5Y19.02%
FCF growth 1Y109.72%
FCF growth 3Y32.5%
FCF growth 5Y32.16%
OCF growth 1Y109.43%
OCF growth 3Y31.59%
OCF growth 5Y32.17%