COVIVIO HOTELS SACA (COVH.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:COVH - FR0000060303 - REIT
23 EUR
-0.2 (-0.86%)
Taking everything into account, COVH scores 4 out of 10 in our fundamental rating. COVH was compared to 41 industry peers in the Diversified REITs industry. COVH has an average financial health and profitability rating. COVH is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- COVH had positive earnings in the past year.
- COVH had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: COVH reported negative net income in multiple years.
- Each year in the past 5 years COVH had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 2.88%, COVH perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
- COVH's Return On Equity of 5.87% is fine compared to the rest of the industry. COVH outperforms 61.90% of its industry peers.
- The Return On Invested Capital of COVH (3.67%) is comparable to the rest of the industry.
- COVH had an Average Return On Invested Capital over the past 3 years of 3.85%. This is in line with the industry average of 3.37%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.88% | ||
| ROE | 5.87% | ||
| ROIC | 3.67% |
ROA(3y)3.26%
ROA(5y)1.11%
ROE(3y)6.53%
ROE(5y)1.93%
ROIC(3y)3.85%
ROIC(5y)2.91%
1.3 Margins
- With an excellent Profit Margin value of 78.86%, COVH belongs to the best of the industry, outperforming 88.10% of the companies in the same industry.
- In the last couple of years the Profit Margin of COVH has declined.
- Looking at the Operating Margin, with a value of 101.41%, COVH belongs to the top of the industry, outperforming 97.62% of the companies in the same industry.
- In the last couple of years the Operating Margin of COVH has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 101.41% | ||
| PM (TTM) | 78.86% | ||
| GM | N/A |
OM growth 3Y10.91%
OM growth 5Y0%
PM growth 3Y43.44%
PM growth 5Y-10.66%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- COVH has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- COVH has about the same amout of shares outstanding than it did 1 year ago.
- COVH has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for COVH is higher compared to a year ago.
2.2 Solvency
- COVH has an Altman-Z score of 1.02. This is a bad value and indicates that COVH is not financially healthy and even has some risk of bankruptcy.
- With a decent Altman-Z score value of 1.02, COVH is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- COVH has a debt to FCF ratio of 12.71. This is a negative value and a sign of low solvency as COVH would need 12.71 years to pay back of all of its debts.
- COVH has a Debt to FCF ratio (12.71) which is comparable to the rest of the industry.
- COVH has a Debt/Equity ratio of 0.70. This is a neutral value indicating COVH is somewhat dependend on debt financing.
- COVH has a Debt to Equity ratio (0.70) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 12.71 | ||
| Altman-Z | 1.02 |
ROIC/WACC0.68
WACC5.4%
2.3 Liquidity
- A Current Ratio of 1.16 indicates that COVH should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.16, COVH belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
- A Quick Ratio of 1.16 indicates that COVH should not have too much problems paying its short term obligations.
- COVH's Quick ratio of 1.16 is amongst the best of the industry. COVH outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 242.64% over the past year.
- COVH shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -12.16% yearly.
- COVH shows a decrease in Revenue. In the last year, the revenue decreased by -5.26%.
- COVH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.29% yearly.
EPS 1Y (TTM)242.64%
EPS 3Y62.03%
EPS 5Y-12.16%
EPS Q2Q%-15.59%
Revenue 1Y (TTM)-5.26%
Revenue growth 3Y14.81%
Revenue growth 5Y2.29%
Sales Q2Q%-12.96%
3.2 Future
- The Earnings Per Share is expected to grow by 0.90% on average over the next years.
- COVH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.55% yearly.
EPS Next Y3.01%
EPS Next 2Y0.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.19%
Revenue Next 2Y0.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 16.67, the valuation of COVH can be described as correct.
- The rest of the industry has a similar Price/Earnings ratio as COVH.
- When comparing the Price/Earnings ratio of COVH to the average of the S&P500 Index (27.21), we can say COVH is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 13.34, the valuation of COVH can be described as correct.
- 61.90% of the companies in the same industry are cheaper than COVH, based on the Price/Forward Earnings ratio.
- COVH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.67 | ||
| Fwd PE | 13.34 |
4.2 Price Multiples
- COVH's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, COVH is valued a bit more expensive than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.7 | ||
| EV/EBITDA | 16.89 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates COVH does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)5.53
PEG (5Y)N/A
EPS Next 2Y0.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- COVH has a Yearly Dividend Yield of 6.47%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.41, COVH pays a bit more dividend than its industry peers.
- COVH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
5.2 History
- The dividend of COVH decreases each year by -3.01%.
Dividend Growth(5Y)-3.01%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- 19.17% of the earnings are spent on dividend by COVH. This is a low number and sustainable payout ratio.
DP19.17%
EPS Next 2Y0.9%
EPS Next 3YN/A
COVIVIO HOTELS SACA / COVH.PA FAQ
What is the fundamental rating for COVH stock?
ChartMill assigns a fundamental rating of 4 / 10 to COVH.PA.
What is the valuation status of COVIVIO HOTELS SACA (COVH.PA) stock?
ChartMill assigns a valuation rating of 2 / 10 to COVIVIO HOTELS SACA (COVH.PA). This can be considered as Overvalued.
How profitable is COVIVIO HOTELS SACA (COVH.PA) stock?
COVIVIO HOTELS SACA (COVH.PA) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for COVH stock?
The Price/Earnings (PE) ratio for COVIVIO HOTELS SACA (COVH.PA) is 16.67 and the Price/Book (PB) ratio is 1.04.
Can you provide the expected EPS growth for COVH stock?
The Earnings per Share (EPS) of COVIVIO HOTELS SACA (COVH.PA) is expected to grow by 3.01% in the next year.