COVIVIO (COV.PA) Stock Fundamental Analysis
EPA:COV - Euronext Paris - Matif - FR0000064578 - REIT - Currency: EUR
Taking everything into account, COV scores 4 out of 10 in our fundamental rating. COV was compared to 42 industry peers in the Diversified REITs industry. While COV is still in line with the averages on profitability rating, there are concerns on its financial health. COV has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year COV was profitable.
In the past year COV had a positive cash flow from operations.
COV had positive earnings in 4 of the past 5 years.
Each year in the past 5 years COV had a positive operating cash flow.
1.2 Ratios
COV has a worse Return On Assets (0.27%) than 64.29% of its industry peers.
Looking at the Return On Equity, with a value of 0.83%, COV is doing worse than 64.29% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.14%, COV is in line with its industry, outperforming 42.86% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for COV is in line with the industry average of 3.74%.
The 3 year average ROIC (2.97%) for COV is below the current ROIC(3.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.83% | ||
| ROIC | 3.14% |
ROA(3y)-1.05%
ROA(5y)0.29%
ROE(3y)-3.48%
ROE(5y)0.76%
ROIC(3y)2.97%
ROIC(5y)2.68%
1.3 Margins
COV's Profit Margin of 5.23% is on the low side compared to the rest of the industry. COV is outperformed by 64.29% of its industry peers.
In the last couple of years the Profit Margin of COV has declined.
COV has a Operating Margin of 61.20%. This is in the lower half of the industry: COV underperforms 64.29% of its industry peers.
In the last couple of years the Operating Margin of COV has remained more or less at the same level.
Looking at the Gross Margin, with a value of 76.74%, COV is in line with its industry, outperforming 57.14% of the companies in the same industry.
COV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.2% | ||
| PM (TTM) | 5.23% | ||
| GM | 76.74% |
OM growth 3Y-1.46%
OM growth 5Y-1.11%
PM growth 3Y-61.53%
PM growth 5Y-38.78%
GM growth 3Y-2.18%
GM growth 5Y-0.89%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), COV is destroying value.
Compared to 1 year ago, COV has more shares outstanding
COV has more shares outstanding than it did 5 years ago.
The debt/assets ratio for COV has been reduced compared to a year ago.
2.2 Solvency
COV has an Altman-Z score of 0.55. This is a bad value and indicates that COV is not financially healthy and even has some risk of bankruptcy.
COV's Altman-Z score of 0.55 is on the low side compared to the rest of the industry. COV is outperformed by 83.33% of its industry peers.
The Debt to FCF ratio of COV is 27.72, which is on the high side as it means it would take COV, 27.72 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of COV (27.72) is worse than 69.05% of its industry peers.
COV has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.14, COV is doing worse than 80.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 27.72 | ||
| Altman-Z | 0.55 |
ROIC/WACC0.55
WACC5.71%
2.3 Liquidity
A Current Ratio of 0.96 indicates that COV may have some problems paying its short term obligations.
COV has a Current ratio of 0.96. This is in the better half of the industry: COV outperforms 69.05% of its industry peers.
COV has a Quick Ratio of 0.96. This is a bad value and indicates that COV is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of COV (0.85) is better than 69.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.00% over the past year.
Measured over the past years, COV shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.39% on average per year.
The Revenue has grown by 22.79% in the past year. This is a very strong growth!
Measured over the past years, COV shows a small growth in Revenue. The Revenue has been growing by 1.17% on average per year.
EPS 1Y (TTM)0%
EPS 3Y0.91%
EPS 5Y-3.39%
EPS Q2Q%5.69%
Revenue 1Y (TTM)22.79%
Revenue growth 3Y9.01%
Revenue growth 5Y1.17%
Sales Q2Q%-30.62%
3.2 Future
COV is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.89% yearly.
Based on estimates for the next years, COV will show a small growth in Revenue. The Revenue will grow by 2.09% on average per year.
EPS Next Y7.5%
EPS Next 2Y1.92%
EPS Next 3Y1.89%
EPS Next 5YN/A
Revenue Next Year2.71%
Revenue Next 2Y3.25%
Revenue Next 3Y2.09%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.41, the valuation of COV can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of COV indicates a somewhat cheap valuation: COV is cheaper than 71.43% of the companies listed in the same industry.
COV's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.79.
COV is valuated reasonably with a Price/Forward Earnings ratio of 10.61.
COV's Price/Forward Earnings is on the same level as the industry average.
COV is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.41 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
COV's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COV is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.8 | ||
| EV/EBITDA | 17.23 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.52
PEG (5Y)N/A
EPS Next 2Y1.92%
EPS Next 3Y1.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.88%, COV is a good candidate for dividend investing.
COV's Dividend Yield is a higher than the industry average which is at 7.77.
COV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.88% |
5.2 History
The dividend of COV decreases each year by -1.54%.
Dividend Growth(5Y)-1.54%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
112.19% of the earnings are spent on dividend by COV. This is not a sustainable payout ratio.
DP112.19%
EPS Next 2Y1.92%
EPS Next 3Y1.89%
EPA:COV (4/25/2025, 7:00:00 PM)
51
+0.1 (+0.2%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners40.89%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap5.69B
Analysts80
Price Target61.96 (21.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.88% |
Yearly Dividend0.72
Dividend Growth(5Y)-1.54%
DP112.19%
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)-1.32%
PT rev (3m)-0.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)8.11%
EPS NY rev (3m)9.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.41 | ||
| Fwd PE | 10.61 | ||
| P/S | 4.37 | ||
| P/FCF | 14.8 | ||
| P/OCF | 5.81 | ||
| P/B | 0.69 | ||
| P/tB | 0.72 | ||
| EV/EBITDA | 17.23 |
EPS(TTM)4.47
EY8.76%
EPS(NY)4.81
Fwd EY9.42%
FCF(TTM)3.45
FCFY6.76%
OCF(TTM)8.78
OCFY17.22%
SpS11.66
BVpS73.72
TBVpS70.63
PEG (NY)1.52
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.83% | ||
| ROCE | 3.52% | ||
| ROIC | 3.14% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.29% | ||
| OM | 61.2% | ||
| PM (TTM) | 5.23% | ||
| GM | 76.74% | ||
| FCFM | 29.56% |
ROA(3y)-1.05%
ROA(5y)0.29%
ROE(3y)-3.48%
ROE(5y)0.76%
ROIC(3y)2.97%
ROIC(5y)2.68%
ROICexc(3y)3.08%
ROICexc(5y)2.79%
ROICexgc(3y)3.11%
ROICexgc(5y)2.81%
ROCE(3y)3.32%
ROCE(5y)3%
ROICexcg growth 3Y12.16%
ROICexcg growth 5Y0.31%
ROICexc growth 3Y11.77%
ROICexc growth 5Y0.14%
OM growth 3Y-1.46%
OM growth 5Y-1.11%
PM growth 3Y-61.53%
PM growth 5Y-38.78%
GM growth 3Y-2.18%
GM growth 5Y-0.89%
F-Score7
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 27.72 | ||
| Debt/EBITDA | 10.32 | ||
| Cap/Depr | 519.44% | ||
| Cap/Sales | 45.79% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 107.61% | ||
| Profit Quality | 564.76% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.85 | ||
| Altman-Z | 0.55 |
F-Score7
WACC5.71%
ROIC/WACC0.55
Cap/Depr(3y)709.28%
Cap/Depr(5y)708.5%
Cap/Sales(3y)50.08%
Cap/Sales(5y)56.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3Y0.91%
EPS 5Y-3.39%
EPS Q2Q%5.69%
EPS Next Y7.5%
EPS Next 2Y1.92%
EPS Next 3Y1.89%
EPS Next 5YN/A
Revenue 1Y (TTM)22.79%
Revenue growth 3Y9.01%
Revenue growth 5Y1.17%
Sales Q2Q%-30.62%
Revenue Next Year2.71%
Revenue Next 2Y3.25%
Revenue Next 3Y2.09%
Revenue Next 5YN/A
EBIT growth 1Y0.7%
EBIT growth 3Y7.42%
EBIT growth 5Y0.05%
EBIT Next Year9.26%
EBIT Next 3Y7.23%
EBIT Next 5YN/A
FCF growth 1Y-28.86%
FCF growth 3YN/A
FCF growth 5Y31.13%
OCF growth 1Y-4.37%
OCF growth 3Y12.5%
OCF growth 5Y4.86%