ICADE (ICAD.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:ICAD - FR0000035081 - REIT
21.02 EUR
+0.2 (+0.96%)
Taking everything into account, ICAD scores 3 out of 10 in our fundamental rating. ICAD was compared to 41 industry peers in the Diversified REITs industry. Both the profitability and financial health of ICAD have multiple concerns. ICAD is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
ICAD had positive earnings in the past year.
In the past year ICAD had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: ICAD reported negative net income in multiple years.
ICAD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -1.85%, ICAD is not doing good in the industry: 80.49% of the companies in the same industry are doing better.
ICAD has a Return On Equity of -4.79%. This is amonst the worse of the industry: ICAD underperforms 80.49% of its industry peers.
ICAD has a Return On Invested Capital of 2.76%. This is in the lower half of the industry: ICAD underperforms 73.17% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ICAD is in line with the industry average of 3.63%.
The 3 year average ROIC (2.14%) for ICAD is below the current ROIC(2.76%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.85% | ||
| ROE | -4.79% | ||
| ROIC | 2.76% |
ROA(3y)-4.37%
ROA(5y)-2.07%
ROE(3y)-10.21%
ROE(5y)-4.69%
ROIC(3y)2.14%
ROIC(5y)2.38%
1.3 Margins
ICAD has a worse Operating Margin (19.60%) than 80.49% of its industry peers.
ICAD's Operating Margin has declined in the last couple of years.
ICAD does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.6% | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3Y-28.23%
OM growth 5Y-3.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ICAD is destroying value.
The number of shares outstanding for ICAD remains at a similar level compared to 1 year ago.
ICAD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ICAD is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.64, we must say that ICAD is in the distress zone and has some risk of bankruptcy.
ICAD has a worse Altman-Z score (0.64) than 63.41% of its industry peers.
ICAD has a debt to FCF ratio of 45.49. This is a negative value and a sign of low solvency as ICAD would need 45.49 years to pay back of all of its debts.
With a Debt to FCF ratio value of 45.49, ICAD is not doing good in the industry: 78.05% of the companies in the same industry are doing better.
ICAD has a Debt/Equity ratio of 0.97. This is a neutral value indicating ICAD is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.97, ICAD is doing worse than 75.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 45.49 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.94
WACC2.92%
2.3 Liquidity
A Current Ratio of 1.06 indicates that ICAD should not have too much problems paying its short term obligations.
The Current ratio of ICAD (1.06) is better than 80.49% of its industry peers.
ICAD has a Quick Ratio of 1.06. This is a bad value and indicates that ICAD is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ICAD (0.81) is better than 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
ICAD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -72.25%.
Measured over the past years, ICAD shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.69% on average per year.
ICAD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.82%.
Measured over the past years, ICAD shows a small growth in Revenue. The Revenue has been growing by 0.64% on average per year.
EPS 1Y (TTM)-72.25%
EPS 3YN/A
EPS 5Y-9.69%
EPS Q2Q%-10.91%
Revenue 1Y (TTM)-13.82%
Revenue growth 3Y-1.82%
Revenue growth 5Y0.64%
Sales Q2Q%-74.49%
3.2 Future
ICAD is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.05% yearly.
The Revenue is expected to decrease by -1.58% on average over the next years.
EPS Next Y10.77%
EPS Next 2Y2.49%
EPS Next 3Y-2.05%
EPS Next 5YN/A
Revenue Next Year-6.66%
Revenue Next 2Y-2%
Revenue Next 3Y-1.58%
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
The Price/Earnings ratio is 7.05, which indicates a rather cheap valuation of ICAD.
ICAD's Price/Earnings ratio is rather cheap when compared to the industry. ICAD is cheaper than 95.12% of the companies in the same industry.
ICAD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.43.
Based on the Price/Forward Earnings ratio of 6.33, the valuation of ICAD can be described as very cheap.
97.56% of the companies in the same industry are more expensive than ICAD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ICAD to the average of the S&P500 Index (23.66), we can say ICAD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.05 | ||
| Fwd PE | 6.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICAD is valued cheaper than 92.68% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ICAD is valued a bit more expensive than the industry average as 60.98% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.59 | ||
| EV/EBITDA | 10.45 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ICAD's earnings are expected to decrease with -2.05% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.66
PEG (5Y)N/A
EPS Next 2Y2.49%
EPS Next 3Y-2.05%
5. Dividend
5.1 Amount
ICAD has a Yearly Dividend Yield of 5.63%, which is a nice return.
Compared to an average industry Dividend Yield of 5.22, ICAD has a dividend in line with its industry peers.
ICAD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.63% |
5.2 History
The dividend of ICAD has a limited annual growth rate of 1.04%.
Dividend Growth(5Y)1.04%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
The earnings of ICAD are negative and hence is the payout ratio. ICAD will probably not be able to sustain this dividend level.
DP-185.46%
EPS Next 2Y2.49%
EPS Next 3Y-2.05%
EPA:ICAD (12/16/2025, 7:00:00 PM)
21.02
+0.2 (+0.96%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.2%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap1.60B
Revenue(TTM)1.50B
Net Income(TTM)-187.10M
Analysts52.38
Price Target24.18 (15.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.63% |
Yearly Dividend4.84
Dividend Growth(5Y)1.04%
DP-185.46%
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)-2.87%
PT rev (3m)-2.68%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.22%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.05 | ||
| Fwd PE | 6.33 | ||
| P/S | 1.07 | ||
| P/FCF | 15.59 | ||
| P/OCF | 4.88 | ||
| P/B | 0.41 | ||
| P/tB | 0.41 | ||
| EV/EBITDA | 10.45 |
EPS(TTM)2.98
EY14.18%
EPS(NY)3.32
Fwd EY15.79%
FCF(TTM)1.35
FCFY6.42%
OCF(TTM)4.31
OCFY20.49%
SpS19.67
BVpS51.19
TBVpS50.76
PEG (NY)0.66
PEG (5Y)N/A
Graham Number58.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.85% | ||
| ROE | -4.79% | ||
| ROCE | 3.87% | ||
| ROIC | 2.76% | ||
| ROICexc | 3.38% | ||
| ROICexgc | 3.4% | ||
| OM | 19.6% | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 6.86% |
ROA(3y)-4.37%
ROA(5y)-2.07%
ROE(3y)-10.21%
ROE(5y)-4.69%
ROIC(3y)2.14%
ROIC(5y)2.38%
ROICexc(3y)2.49%
ROICexc(5y)2.67%
ROICexgc(3y)2.5%
ROICexgc(5y)2.68%
ROCE(3y)3.06%
ROCE(5y)3.38%
ROICexgc growth 3Y-8.78%
ROICexgc growth 5Y2.92%
ROICexc growth 3Y-8.79%
ROICexc growth 5Y2.96%
OM growth 3Y-28.23%
OM growth 5Y-3.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 45.49 | ||
| Debt/EBITDA | 9.41 | ||
| Cap/Depr | 211.04% | ||
| Cap/Sales | 15.05% | ||
| Interest Coverage | 4.1 | ||
| Cash Conversion | 81.96% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | 0.64 |
F-Score5
WACC2.92%
ROIC/WACC0.94
Cap/Depr(3y)678.24%
Cap/Depr(5y)1255.8%
Cap/Sales(3y)20.42%
Cap/Sales(5y)31.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-72.25%
EPS 3YN/A
EPS 5Y-9.69%
EPS Q2Q%-10.91%
EPS Next Y10.77%
EPS Next 2Y2.49%
EPS Next 3Y-2.05%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.82%
Revenue growth 3Y-1.82%
Revenue growth 5Y0.64%
Sales Q2Q%-74.49%
Revenue Next Year-6.66%
Revenue Next 2Y-2%
Revenue Next 3Y-1.58%
Revenue Next 5YN/A
EBIT growth 1Y74.88%
EBIT growth 3Y-29.53%
EBIT growth 5Y-3.23%
EBIT Next Year49.66%
EBIT Next 3Y13.32%
EBIT Next 5Y8.67%
FCF growth 1Y240.05%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-17.57%
OCF growth 3Y-11.53%
OCF growth 5Y-0.14%
ICADE / ICAD.PA FAQ
What is the ChartMill fundamental rating of ICADE (ICAD.PA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to ICAD.PA.
What is the valuation status for ICAD stock?
ChartMill assigns a valuation rating of 7 / 10 to ICADE (ICAD.PA). This can be considered as Undervalued.
Can you provide the profitability details for ICADE?
ICADE (ICAD.PA) has a profitability rating of 2 / 10.
What are the PE and PB ratios of ICADE (ICAD.PA) stock?
The Price/Earnings (PE) ratio for ICADE (ICAD.PA) is 7.05 and the Price/Book (PB) ratio is 0.41.
Can you provide the dividend sustainability for ICAD stock?
The dividend rating of ICADE (ICAD.PA) is 4 / 10 and the dividend payout ratio is -185.46%.