EUROCOMMERCIAL PROPERTIES NV (ECMPA.AS) Stock Fundamental Analysis
AMS:ECMPA - Euronext Amsterdam - NL0015000K93 - REIT - Currency: EUR
ECMPA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of ECMPA while its profitability can be described as average. ECMPA has a correct valuation and a medium growth rate. ECMPA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ECMPA had positive earnings in the past year.
In the past year ECMPA had a positive cash flow from operations.
In multiple years ECMPA reported negative net income over the last 5 years.
Each year in the past 5 years ECMPA had a positive operating cash flow.
1.2 Ratios
ECMPA has a better Return On Assets (5.44%) than 90.00% of its industry peers.
The Return On Equity of ECMPA (10.21%) is better than 90.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.60%, ECMPA belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
ECMPA had an Average Return On Invested Capital over the past 3 years of 3.73%. This is in line with the industry average of 3.63%.
The last Return On Invested Capital (5.60%) for ECMPA is above the 3 year average (3.73%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.44% | ||
| ROE | 10.21% | ||
| ROIC | 5.6% |
ROA(3y)2.97%
ROA(5y)2.29%
ROE(3y)5.65%
ROE(5y)4.45%
ROIC(3y)3.73%
ROIC(5y)3.62%
1.3 Margins
Looking at the Profit Margin, with a value of 55.16%, ECMPA is in line with its industry, outperforming 60.00% of the companies in the same industry.
ECMPA's Profit Margin has improved in the last couple of years.
The Operating Margin of ECMPA (65.54%) is worse than 60.00% of its industry peers.
In the last couple of years the Operating Margin of ECMPA has remained more or less at the same level.
ECMPA has a worse Gross Margin (71.16%) than 62.50% of its industry peers.
ECMPA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.54% | ||
| PM (TTM) | 55.16% | ||
| GM | 71.16% |
OM growth 3Y-0.78%
OM growth 5Y-0.75%
PM growth 3Y15.88%
PM growth 5Y16.12%
GM growth 3Y0.61%
GM growth 5Y-0.39%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ECMPA is creating some value.
ECMPA has more shares outstanding than it did 1 year ago.
The number of shares outstanding for ECMPA has been increased compared to 5 years ago.
The debt/assets ratio for ECMPA has been reduced compared to a year ago.
2.2 Solvency
ECMPA has an Altman-Z score of 1.24. This is a bad value and indicates that ECMPA is not financially healthy and even has some risk of bankruptcy.
ECMPA has a Altman-Z score of 1.24. This is in the better half of the industry: ECMPA outperforms 80.00% of its industry peers.
ECMPA has a debt to FCF ratio of 22.54. This is a negative value and a sign of low solvency as ECMPA would need 22.54 years to pay back of all of its debts.
ECMPA has a worse Debt to FCF ratio (22.54) than 67.50% of its industry peers.
A Debt/Equity ratio of 0.69 indicates that ECMPA is somewhat dependend on debt financing.
ECMPA has a Debt to Equity ratio (0.69) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 22.54 | ||
| Altman-Z | 1.24 |
ROIC/WACC1.12
WACC5.01%
2.3 Liquidity
ECMPA has a Current Ratio of 0.40. This is a bad value and indicates that ECMPA is not financially healthy enough and could expect problems in meeting its short term obligations.
ECMPA has a Current ratio of 0.40. This is in the lower half of the industry: ECMPA underperforms 60.00% of its industry peers.
A Quick Ratio of 0.40 indicates that ECMPA may have some problems paying its short term obligations.
ECMPA's Quick ratio of 0.40 is in line compared to the rest of the industry. ECMPA outperforms 42.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 483.19% over the past year.
ECMPA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.49% yearly.
ECMPA shows a small growth in Revenue. In the last year, the Revenue has grown by 2.30%.
ECMPA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.35% yearly.
EPS 1Y (TTM)483.19%
EPS 3Y17.87%
EPS 5Y18.49%
EPS Q2Q%15.38%
Revenue 1Y (TTM)2.3%
Revenue growth 3Y2.77%
Revenue growth 5Y2.35%
Sales Q2Q%2.7%
3.2 Future
Based on estimates for the next years, ECMPA will show a small growth in Earnings Per Share. The EPS will grow by 2.56% on average per year.
ECMPA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.59% yearly.
EPS Next Y2.77%
EPS Next 2Y2.59%
EPS Next 3Y2.56%
EPS Next 5YN/A
Revenue Next Year1.37%
Revenue Next 2Y1.92%
Revenue Next 3Y1.13%
Revenue Next 5Y0.59%
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 decreasing.
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 6.71, the valuation of ECMPA can be described as very cheap.
Based on the Price/Earnings ratio, ECMPA is valued cheaper than 90.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of ECMPA to the average of the S&P500 Index (27.30), we can say ECMPA is valued rather cheaply.
ECMPA is valuated reasonably with a Price/Forward Earnings ratio of 10.43.
Based on the Price/Forward Earnings ratio, ECMPA is valued a bit cheaper than the industry average as 65.00% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ECMPA to the average of the S&P500 Index (21.76), we can say ECMPA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.71 | ||
| Fwd PE | 10.43 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ECMPA is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
70.00% of the companies in the same industry are cheaper than ECMPA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.1 | ||
| EV/EBITDA | 11.68 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ECMPA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.42
PEG (5Y)0.36
EPS Next 2Y2.59%
EPS Next 3Y2.56%
5. Dividend
5.1 Amount
ECMPA has a Yearly Dividend Yield of 6.74%, which is a nice return.
ECMPA's Dividend Yield is rather good when compared to the industry average which is at 5.54. ECMPA pays more dividend than 85.00% of the companies in the same industry.
ECMPA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.74% |
5.2 History
The dividend of ECMPA decreases each year by -5.38%.
Dividend Growth(5Y)-5.38%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
33.07% of the earnings are spent on dividend by ECMPA. This is a low number and sustainable payout ratio.
DP33.07%
EPS Next 2Y2.59%
EPS Next 3Y2.56%
AMS:ECMPA (7/11/2025, 7:00:00 PM)
26.9
+0.05 (+0.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners32.62%
Inst Owner ChangeN/A
Ins Owners18.58%
Ins Owner ChangeN/A
Market Cap1.48B
Analysts83.16
Price Target28.21 (4.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.74% |
Yearly Dividend1.33
Dividend Growth(5Y)-5.38%
DP33.07%
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)0%
PT rev (3m)0.33%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.71 | ||
| Fwd PE | 10.43 | ||
| P/S | 3.77 | ||
| P/FCF | 21.1 | ||
| P/OCF | 13.62 | ||
| P/B | 0.7 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 11.68 |
EPS(TTM)4.01
EY14.91%
EPS(NY)2.58
Fwd EY9.59%
FCF(TTM)1.27
FCFY4.74%
OCF(TTM)1.98
OCFY7.34%
SpS7.13
BVpS38.52
TBVpS38.52
PEG (NY)2.42
PEG (5Y)0.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.44% | ||
| ROE | 10.21% | ||
| ROCE | 6.81% | ||
| ROIC | 5.6% | ||
| ROICexc | 5.64% | ||
| ROICexgc | 5.64% | ||
| OM | 65.54% | ||
| PM (TTM) | 55.16% | ||
| GM | 71.16% | ||
| FCFM | 17.87% |
ROA(3y)2.97%
ROA(5y)2.29%
ROE(3y)5.65%
ROE(5y)4.45%
ROIC(3y)3.73%
ROIC(5y)3.62%
ROICexc(3y)3.78%
ROICexc(5y)3.69%
ROICexgc(3y)3.78%
ROICexgc(5y)3.69%
ROCE(3y)4.54%
ROCE(5y)4.41%
ROICexcg growth 3Y1.8%
ROICexcg growth 5Y2.98%
ROICexc growth 3Y1.8%
ROICexc growth 5Y2.98%
OM growth 3Y-0.78%
OM growth 5Y-0.75%
PM growth 3Y15.88%
PM growth 5Y16.12%
GM growth 3Y0.61%
GM growth 5Y-0.39%
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 22.54 | ||
| Debt/EBITDA | 5.65 | ||
| Cap/Depr | 1882.05% | ||
| Cap/Sales | 9.83% | ||
| Interest Coverage | 5 | ||
| Cash Conversion | 41.92% | ||
| Profit Quality | 32.4% | ||
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 1.24 |
F-Score5
WACC5.01%
ROIC/WACC1.12
Cap/Depr(3y)1687.63%
Cap/Depr(5y)2052.22%
Cap/Sales(3y)12.12%
Cap/Sales(5y)16.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)483.19%
EPS 3Y17.87%
EPS 5Y18.49%
EPS Q2Q%15.38%
EPS Next Y2.77%
EPS Next 2Y2.59%
EPS Next 3Y2.56%
EPS Next 5YN/A
Revenue 1Y (TTM)2.3%
Revenue growth 3Y2.77%
Revenue growth 5Y2.35%
Sales Q2Q%2.7%
Revenue Next Year1.37%
Revenue Next 2Y1.92%
Revenue Next 3Y1.13%
Revenue Next 5Y0.59%
EBIT growth 1Y2.02%
EBIT growth 3Y1.97%
EBIT growth 5Y1.58%
EBIT Next Year-1.76%
EBIT Next 3Y1.07%
EBIT Next 5YN/A
FCF growth 1Y-24.33%
FCF growth 3Y-3.5%
FCF growth 5Y5.65%
OCF growth 1Y-9.67%
OCF growth 3Y1.91%
OCF growth 5Y-1.65%