EUROCOMMERCIAL PROPERTIES NV (ECMPA.AS) Stock Fundamental Analysis
AMS:ECMPA - Euronext Amsterdam - NL0015000K93 - REIT - Currency: EUR
We assign a fundamental rating of 3 out of 10 to ECMPA. ECMPA was compared to 42 industry peers in the Diversified REITs industry. While ECMPA is still in line with the averages on profitability rating, there are concerns on its financial health. ECMPA has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ECMPA was profitable.
In the past year ECMPA had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: ECMPA reported negative net income in multiple years.
ECMPA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ECMPA has a Return On Assets (1.65%) which is comparable to the rest of the industry.
With a Return On Equity value of 3.18%, ECMPA perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
ECMPA has a better Return On Invested Capital (6.42%) than 92.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ECMPA is in line with the industry average of 3.65%.
The 3 year average ROIC (3.64%) for ECMPA is below the current ROIC(6.42%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.65% | ||
| ROE | 3.18% | ||
| ROIC | 6.42% |
ROA(3y)2.33%
ROA(5y)1.75%
ROE(3y)4.61%
ROE(5y)3.54%
ROIC(3y)3.64%
ROIC(5y)3.5%
1.3 Margins
The Profit Margin of ECMPA (16.42%) is comparable to the rest of the industry.
With a Operating Margin value of 65.76%, ECMPA is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
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 (70.95%) than 62.50% of its industry peers.
In the last couple of years the Gross Margin of ECMPA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.76% | ||
| PM (TTM) | 16.42% | ||
| GM | 70.95% |
OM growth 3Y-1.59%
OM growth 5Y-0.28%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.04%
GM growth 5Y-0.63%
2. Health
2.1 Basic Checks
ECMPA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
ECMPA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ECMPA has more shares outstanding
ECMPA has a worse debt/assets ratio than last year.
2.2 Solvency
ECMPA has an Altman-Z score of 1.05. This is a bad value and indicates that ECMPA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ECMPA (1.05) is better than 70.00% of its industry peers.
The Debt to FCF ratio of ECMPA is 26.32, which is on the high side as it means it would take ECMPA, 26.32 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 26.32, ECMPA is doing worse than 72.50% of the companies in the same industry.
ECMPA has a Debt/Equity ratio of 0.54. This is a neutral value indicating ECMPA is somewhat dependend on debt financing.
ECMPA has a Debt to Equity ratio of 0.54. This is amongst the best in the industry. ECMPA outperforms 82.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 26.32 | ||
| Altman-Z | 1.05 |
ROIC/WACC1.44
WACC4.45%
2.3 Liquidity
A Current Ratio of 0.16 indicates that ECMPA may have some problems paying its short term obligations.
ECMPA has a worse Current ratio (0.16) than 87.50% of its industry peers.
ECMPA has a Quick Ratio of 0.16. 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's Quick ratio of 0.16 is on the low side compared to the rest of the industry. ECMPA is outperformed by 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.16 | ||
| Quick Ratio | 0.16 |
3. Growth
3.1 Past
The earnings per share for ECMPA have decreased strongly by -43.23% in the last year.
Looking at the last year, ECMPA shows a small growth in Revenue. The Revenue has grown by 4.61% in the last year.
ECMPA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.67% yearly.
EPS 1Y (TTM)-43.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-88.93%
Revenue 1Y (TTM)4.61%
Revenue growth 3Y3.37%
Revenue growth 5Y2.67%
Sales Q2Q%1.54%
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 2.86% on average per year.
ECMPA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.53% yearly.
EPS Next Y2.24%
EPS Next 2Y2.47%
EPS Next 3Y2.86%
EPS Next 5YN/A
Revenue Next Year0.69%
Revenue Next 2Y0.9%
Revenue Next 3Y0.33%
Revenue Next 5Y0.53%
3.3 Evolution
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
A Price/Earnings ratio of 20.08 indicates a rather expensive valuation of ECMPA.
ECMPA's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 28.58. ECMPA is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 9.41, which indicates a very decent valuation of ECMPA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ECMPA indicates a somewhat cheap valuation: ECMPA is cheaper than 65.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of ECMPA to the average of the S&P500 Index (95.03), we can say ECMPA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.08 | ||
| Fwd PE | 9.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ECMPA is valued cheaper than 90.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ECMPA is valued a bit more expensive than 72.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.67 | ||
| EV/EBITDA | 10.94 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ECMPA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)8.98
PEG (5Y)N/A
EPS Next 2Y2.47%
EPS Next 3Y2.86%
5. Dividend
5.1 Amount
ECMPA has a Yearly Dividend Yield of 7.47%, which is a nice return.
Compared to an average industry Dividend Yield of 7.06, ECMPA pays a bit more dividend than its industry peers.
ECMPA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.47% |
5.2 History
The dividend of ECMPA decreases each year by -0.55%.
Dividend Growth(5Y)-0.55%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
111.21% of the earnings are spent on dividend by ECMPA. This is not a sustainable payout ratio.
DP111.21%
EPS Next 2Y2.47%
EPS Next 3Y2.86%
EUROCOMMERCIAL PROPERTIES NV
AMS:ECMPA (2/5/2025, 5:27:39 PM)
23.7
+0.3 (+1.28%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners36.68%
Inst Owner ChangeN/A
Ins Owners18.68%
Ins Owner ChangeN/A
Market Cap1.29B
Analysts82.22
Price Target27.89 (17.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.47% |
Yearly Dividend1.4
Dividend Growth(5Y)-0.55%
DP111.21%
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)-2.43%
PT rev (3m)-1.65%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.25%
EPS NY rev (3m)0.46%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.57%
Revenue NY rev (3m)0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.08 | ||
| Fwd PE | 9.41 | ||
| P/S | 3.33 | ||
| P/FCF | 21.67 | ||
| P/OCF | 13.06 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 10.94 |
EPS(TTM)1.18
EY4.98%
EPS(NY)2.52
Fwd EY10.62%
FCF(TTM)1.09
FCFY4.61%
OCF(TTM)1.81
OCFY7.66%
SpS7.13
BVpS36.81
TBVpS36.81
PEG (NY)8.98
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.65% | ||
| ROE | 3.18% | ||
| ROCE | 7.85% | ||
| ROIC | 6.42% | ||
| ROICexc | 6.48% | ||
| ROICexgc | 6.48% | ||
| OM | 65.76% | ||
| PM (TTM) | 16.42% | ||
| GM | 70.95% | ||
| FCFM | 15.34% |
ROA(3y)2.33%
ROA(5y)1.75%
ROE(3y)4.61%
ROE(5y)3.54%
ROIC(3y)3.64%
ROIC(5y)3.5%
ROICexc(3y)3.7%
ROICexc(5y)3.57%
ROICexgc(3y)3.7%
ROICexgc(5y)3.57%
ROCE(3y)4.45%
ROCE(5y)4.28%
ROICexcg growth 3Y3.54%
ROICexcg growth 5Y4.29%
ROICexc growth 3Y3.54%
ROICexc growth 5Y4.29%
OM growth 3Y-1.59%
OM growth 5Y-0.28%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.04%
GM growth 5Y-0.63%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 26.32 | ||
| Debt/EBITDA | 4.18 | ||
| Cap/Depr | 2036.73% | ||
| Cap/Sales | 10.12% | ||
| Interest Coverage | 5.09 | ||
| Cash Conversion | 38.44% | ||
| Profit Quality | 93.43% | ||
| Current Ratio | 0.16 | ||
| Quick Ratio | 0.16 | ||
| Altman-Z | 1.05 |
F-Score6
WACC4.45%
ROIC/WACC1.44
Cap/Depr(3y)1471.42%
Cap/Depr(5y)2743.21%
Cap/Sales(3y)10.79%
Cap/Sales(5y)18.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-43.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-88.93%
EPS Next Y2.24%
EPS Next 2Y2.47%
EPS Next 3Y2.86%
EPS Next 5YN/A
Revenue 1Y (TTM)4.61%
Revenue growth 3Y3.37%
Revenue growth 5Y2.67%
Sales Q2Q%1.54%
Revenue Next Year0.69%
Revenue Next 2Y0.9%
Revenue Next 3Y0.33%
Revenue Next 5Y0.53%
EBIT growth 1Y5.7%
EBIT growth 3Y1.72%
EBIT growth 5Y2.38%
EBIT Next Year6.16%
EBIT Next 3Y3.75%
EBIT Next 5YN/A
FCF growth 1Y-41.02%
FCF growth 3YN/A
FCF growth 5Y80.59%
OCF growth 1Y-15.9%
OCF growth 3Y15.26%
OCF growth 5Y1.64%