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 40 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 decent growth rate and is not valued too expensively.
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.
Of the past 5 years COV 4 years were profitable.
In the past 5 years COV always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 0.27%, COV is not doing good in the industry: 67.50% of the companies in the same industry are doing better.
COV has a worse Return On Equity (0.83%) than 67.50% of its industry peers.
The Return On Invested Capital of COV (3.14%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for COV is in line with the industry average of 3.63%.
The last Return On Invested Capital (3.14%) for COV is above the 3 year average (2.97%), which is a sign of increasing profitability.
| 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
The Profit Margin of COV (5.23%) is worse than 65.00% of its industry peers.
COV's Profit Margin has declined in the last couple of years.
COV's Operating Margin of 61.20% is on the low side compared to the rest of the industry. COV is outperformed by 67.50% of its industry peers.
COV's Operating Margin has been stable in the last couple of years.
COV has a Gross Margin (76.74%) which is comparable to the rest of the 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.
Compared to 1 year ago, COV has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.55, we must say that COV is in the distress zone and has some risk of bankruptcy.
COV has a Altman-Z score of 0.55. This is in the lower half of the industry: COV underperforms 77.50% 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.
With a Debt to FCF ratio value of 27.72, COV is not doing good in the industry: 72.50% of the companies in the same industry are doing better.
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 82.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 27.72 | ||
| Altman-Z | 0.55 |
ROIC/WACC0.56
WACC5.66%
2.3 Liquidity
A Current Ratio of 0.96 indicates that COV may have some problems paying its short term obligations.
COV has a better Current ratio (0.96) than 67.50% 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.
COV's Quick ratio of 0.85 is fine compared to the rest of the industry. COV outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
COV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.00%.
The Earnings Per Share has been decreasing by -3.39% on average over the past years.
COV shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.79%.
The Revenue has been growing slightly by 1.17% on average over the past years.
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
Based on estimates for the next years, COV will show a small growth in Earnings Per Share. The EPS will grow by 1.89% on average per year.
Based on estimates for the next years, COV will show a small growth in Revenue. The Revenue will grow by 4.79% on average per year.
EPS Next Y7.5%
EPS Next 2Y1.92%
EPS Next 3Y1.89%
EPS Next 5YN/A
Revenue Next Year-0.42%
Revenue Next 2Y1.71%
Revenue Next 3Y4.79%
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
Based on the Price/Earnings ratio of 11.49, the valuation of COV can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of COV indicates a somewhat cheap valuation: COV is cheaper than 77.50% of the companies listed in the same industry.
COV is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.69, the valuation of COV can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COV is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.76. COV is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.49 | ||
| Fwd PE | 10.69 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as COV.
COV's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.9 | ||
| EV/EBITDA | 17.34 |
4.3 Compensation for Growth
COV's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.53
PEG (5Y)N/A
EPS Next 2Y1.92%
EPS Next 3Y1.89%
5. Dividend
5.1 Amount
COV has a Yearly Dividend Yield of 6.62%, which is a nice return.
Compared to an average industry Dividend Yield of 5.54, COV pays a better dividend. On top of this COV pays more dividend than 82.50% of the companies listed in the same industry.
COV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.62% |
5.2 History
The dividend of COV decreases each year by -1.54%.
Dividend Growth(5Y)-1.54%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
COV pays out 112.19% of its income as dividend. This is not a sustainable payout ratio.
DP112.19%
EPS Next 2Y1.92%
EPS Next 3Y1.89%
EPA:COV (7/11/2025, 7:00:00 PM)
51.35
-0.4 (-0.77%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners39.95%
Inst Owner ChangeN/A
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap5.73B
Analysts80
Price Target60.13 (17.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.62% |
Yearly Dividend0.72
Dividend Growth(5Y)-1.54%
DP112.19%
Div Incr Years2
Div Non Decr Years2
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)-1.08%
PT rev (3m)-2.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.49 | ||
| Fwd PE | 10.69 | ||
| P/S | 4.4 | ||
| P/FCF | 14.9 | ||
| P/OCF | 5.85 | ||
| P/B | 0.7 | ||
| P/tB | 0.73 | ||
| EV/EBITDA | 17.34 |
EPS(TTM)4.47
EY8.7%
EPS(NY)4.81
Fwd EY9.36%
FCF(TTM)3.45
FCFY6.71%
OCF(TTM)8.78
OCFY17.1%
SpS11.66
BVpS73.72
TBVpS70.63
PEG (NY)1.53
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
WACC5.66%
ROIC/WACC0.56
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 Year-0.42%
Revenue Next 2Y1.71%
Revenue Next 3Y4.79%
Revenue Next 5YN/A
EBIT growth 1Y0.7%
EBIT growth 3Y7.42%
EBIT growth 5Y0.05%
EBIT Next Year11.8%
EBIT Next 3Y7.1%
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%