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FONCIERE INEA (INEA.PA) Stock Fundamental Analysis

EPA:INEA - Euronext Paris - Matif - FR0010341032 - REIT - Currency: EUR

34.8  +0.1 (+0.29%)

Fundamental Rating

3

Taking everything into account, INEA scores 3 out of 10 in our fundamental rating. INEA was compared to 40 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.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

INEA had negative 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.
In the past 5 years INEA always reported a positive cash flow from operatings.
INEA.PA Yearly Net Income VS EBIT VS OCF VS FCFINEA.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 40M 60M

1.2 Ratios

INEA has a worse Return On Assets (-0.25%) than 72.50% of its industry peers.
The Return On Equity of INEA (-0.55%) is worse than 72.50% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.21%, INEA is in line with its industry, outperforming 45.00% 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 3.63%.
The last Return On Invested Capital (3.21%) for INEA is above the 3 year average (2.81%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.25%
ROE -0.55%
ROIC 3.21%
ROA(3y)2.33%
ROA(5y)3.54%
ROE(3y)4.2%
ROE(5y)6.76%
ROIC(3y)2.81%
ROIC(5y)2.84%
INEA.PA Yearly ROA, ROE, ROICINEA.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

1.3 Margins

With a Operating Margin value of 61.98%, INEA is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
INEA's Operating Margin has improved in the last couple of years.
INEA's Gross Margin of 72.21% is in line compared to the rest of the industry. INEA outperforms 45.00% of its industry peers.
In the last couple of years the Gross Margin of INEA has remained more or less at the same level.
Industry RankSector Rank
OM 61.98%
PM (TTM) N/A
GM 72.21%
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%
INEA.PA Yearly Profit, Operating, Gross MarginsINEA.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80 100

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1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), INEA is destroying value.
Compared to 1 year ago, INEA has about the same amount of shares outstanding.
The number of shares outstanding for INEA has been increased compared to 5 years ago.
INEA has a worse debt/assets ratio than last year.
INEA.PA Yearly Shares OutstandingINEA.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
INEA.PA Yearly Total Debt VS Total AssetsINEA.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 1B

2.2 Solvency

Based on the Altman-Z score of 0.82, we must say that INEA is in the distress zone and has some risk of bankruptcy.
INEA has a worse Altman-Z score (0.82) than 62.50% of its industry peers.
The Debt to FCF ratio of INEA is 10.20, which is on the high side as it means it would take INEA, 10.20 years of fcf income to pay off all of its debts.
INEA has a better Debt to FCF ratio (10.20) than 70.00% of its industry peers.
INEA has a Debt/Equity ratio of 1.00. This is a high value indicating a heavy dependency on external financing.
INEA has a worse Debt to Equity ratio (1.00) than 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.2
Altman-Z 0.82
ROIC/WACC0.59
WACC5.44%
INEA.PA Yearly LT Debt VS Equity VS FCFINEA.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

INEA has a Current Ratio of 0.33. 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 has a worse Current ratio (0.33) than 65.00% of its industry peers.
A Quick Ratio of 0.33 indicates that INEA may have some problems paying its short term obligations.
INEA has a worse Quick ratio (0.33) than 62.50% of its industry peers.
Industry RankSector Rank
Current Ratio 0.33
Quick Ratio 0.33
INEA.PA Yearly Current Assets VS Current LiabilitesINEA.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

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4

3. Growth

3.1 Past

The earnings per share for INEA have decreased strongly by -114.03% in the last year.
The Revenue has grown by 15.54% 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)-114.03%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%18.03%
Revenue 1Y (TTM)15.54%
Revenue growth 3Y14.54%
Revenue growth 5Y12.2%
Sales Q2Q%14.16%

3.2 Future

INEA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.15% yearly.
Based on estimates for the next years, INEA will show a small growth in Revenue. The Revenue will grow by 3.80% on average per year.
EPS Next Y4.28%
EPS Next 2Y8.98%
EPS Next 3Y10.15%
EPS Next 5YN/A
Revenue Next Year8.54%
Revenue Next 2Y6.96%
Revenue Next 3Y11.41%
Revenue Next 5Y3.8%

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 decreasing.
INEA.PA Yearly Revenue VS EstimatesINEA.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 20M 40M 60M 80M 100M
INEA.PA Yearly EPS VS EstimatesINEA.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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3

4. Valuation

4.1 Price/Earnings Ratio

INEA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 13.54 indicates a correct valuation of INEA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INEA indicates a slightly more expensive valuation: INEA is more expensive than 65.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of INEA to the average of the S&P500 Index (21.60), we can say INEA is valued slightly cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 13.54
INEA.PA Price Earnings VS Forward Price EarningsINEA.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100

4.2 Price Multiples

INEA's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of INEA indicates a rather cheap valuation: INEA is cheaper than 97.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.12
EV/EBITDA 20.47
INEA.PA Per share dataINEA.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates INEA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.98%
EPS Next 3Y10.15%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.83%, INEA is a good candidate for dividend investing.
INEA's Dividend Yield is rather good when compared to the industry average which is at 5.53. INEA pays more dividend than 97.50% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, INEA pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.83%

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
INEA.PA Yearly Dividends per shareINEA.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

INEA has negative earnings and hence a negative payout ratio. The dividend may be in danger.
INEA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-966.43%
EPS Next 2Y8.98%
EPS Next 3Y10.15%
INEA.PA Yearly Income VS Free CF VS DividendINEA.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 40M 60M

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FONCIERE INEA

EPA:INEA (7/1/2025, 12:58:59 PM)

34.8

+0.1 (+0.29%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-29 2025-04-29
Earnings (Next)N/A N/A
Inst Owners7.82%
Inst Owner ChangeN/A
Ins Owners9.97%
Ins Owner ChangeN/A
Market Cap377.23M
Analysts44
Price Target38.3 (10.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.83%
Yearly Dividend2.7
Dividend Growth(5Y)1.13%
DP-966.43%
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)4.11%
PT rev (3m)4.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.18%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.36%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 13.54
P/S 4.84
P/FCF 6.12
P/OCF 6.12
P/B 0.68
P/tB 0.68
EV/EBITDA 20.47
EPS(TTM)-0.28
EYN/A
EPS(NY)2.57
Fwd EY7.39%
FCF(TTM)5.69
FCFY16.34%
OCF(TTM)5.69
OCFY16.34%
SpS7.2
BVpS51.01
TBVpS51.01
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.25%
ROE -0.55%
ROCE 4.36%
ROIC 3.21%
ROICexc 3.23%
ROICexgc 3.23%
OM 61.98%
PM (TTM) N/A
GM 72.21%
FCFM 79%
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-Score3
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 10.2
Debt/EBITDA 11.39
Cap/Depr 4.92%
Cap/Sales 0.02%
Interest Coverage 1.53
Cash Conversion 126.54%
Profit Quality N/A
Current Ratio 0.33
Quick Ratio 0.33
Altman-Z 0.82
F-Score3
WACC5.44%
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)-114.03%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%18.03%
EPS Next Y4.28%
EPS Next 2Y8.98%
EPS Next 3Y10.15%
EPS Next 5YN/A
Revenue 1Y (TTM)15.54%
Revenue growth 3Y14.54%
Revenue growth 5Y12.2%
Sales Q2Q%14.16%
Revenue Next Year8.54%
Revenue Next 2Y6.96%
Revenue Next 3Y11.41%
Revenue Next 5Y3.8%
EBIT growth 1Y15.46%
EBIT growth 3Y15.21%
EBIT growth 5Y14.21%
EBIT Next Year100.62%
EBIT Next 3YN/A
EBIT Next 5Y19.02%
FCF growth 1Y106.48%
FCF growth 3Y32.5%
FCF growth 5Y32.16%
OCF growth 1Y106.47%
OCF growth 3Y31.59%
OCF growth 5Y32.17%