FONCIERE INEA (INEA.PA) Stock Fundamental Analysis
Europe - EPA:INEA - FR0010341032 - REIT
32.6 EUR
-0.2 (-0.61%)
INEA gets a fundamental rating of 4 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 INEA while its profitability can be described as average. INEA is quite expensive at the moment. It does show a decent growth rate. INEA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year INEA was profitable.
In the past year INEA had a positive cash flow from operations.
Of the past 5 years INEA 4 years were profitable.
In the past 5 years INEA always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of INEA (0.42%) is worse than 64.29% of its industry peers.
INEA has a worse Return On Equity (0.95%) than 64.29% of its industry peers.
The Return On Invested Capital of INEA (3.18%) is comparable to the rest of the industry.
INEA had an Average Return On Invested Capital over the past 3 years of 2.81%. This is in line with the industry average of 3.43%.
The 3 year average ROIC (2.81%) for INEA is below the current ROIC(3.18%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 0.95% | ||
| ROIC | 3.18% |
ROA(3y)2.33%
ROA(5y)3.54%
ROE(3y)4.2%
ROE(5y)6.76%
ROIC(3y)2.81%
ROIC(5y)2.84%
1.3 Margins
INEA's Profit Margin of 6.19% is on the low side compared to the rest of the industry. INEA is outperformed by 61.90% of its industry peers.
The Operating Margin of INEA (60.63%) is worse than 61.90% of its industry peers.
INEA's Operating Margin has improved in the last couple of years.
INEA has a Gross Margin (71.10%) which is in line with its industry peers.
In the last couple of years the Gross Margin of INEA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 60.63% | ||
| PM (TTM) | 6.19% | ||
| GM | 71.1% |
OM growth 3Y0.58%
OM growth 5Y1.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.57%
GM growth 5Y0.31%
2. Health
2.1 Basic Checks
INEA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for INEA remains at a similar level compared to 1 year ago.
INEA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for INEA is higher compared to a year ago.
2.2 Solvency
INEA has an Altman-Z score of 0.85. This is a bad value and indicates that INEA is not financially healthy and even has some risk of bankruptcy.
INEA has a Altman-Z score (0.85) which is in line with its industry peers.
The Debt to FCF ratio of INEA is 11.16, which is on the high side as it means it would take INEA, 11.16 years of fcf income to pay off all of its debts.
INEA's Debt to FCF ratio of 11.16 is fine compared to the rest of the industry. INEA outperforms 61.90% of its industry peers.
A Debt/Equity ratio of 1.16 is on the high side and indicates that INEA has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.16, INEA is doing worse than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 11.16 | ||
| Altman-Z | 0.85 |
ROIC/WACC0.59
WACC5.36%
2.3 Liquidity
INEA has a Current Ratio of 0.90. This is a bad value and indicates that INEA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Current ratio value of 0.90, INEA is doing good in the industry, outperforming 69.05% of the companies in the same industry.
A Quick Ratio of 0.90 indicates that INEA may have some problems paying its short term obligations.
The Quick ratio of INEA (0.90) is better than 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
INEA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 245.05%, which is quite impressive.
Looking at the last year, INEA shows a quite strong growth in Revenue. The Revenue has grown by 10.82% in the last year.
The Revenue has been growing by 12.20% on average over the past years. This is quite good.
EPS 1Y (TTM)245.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%137.82%
Revenue 1Y (TTM)10.82%
Revenue growth 3Y14.54%
Revenue growth 5Y12.2%
Sales Q2Q%7.76%
3.2 Future
The Earnings Per Share is expected to grow by 9.52% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.65% on average over the next years.
EPS Next Y9.03%
EPS Next 2Y10.2%
EPS Next 3Y9.52%
EPS Next 5YN/A
Revenue Next Year-2.39%
Revenue Next 2Y2.04%
Revenue Next 3Y3.53%
Revenue Next 5Y3.65%
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
The Price/Earnings ratio is 70.87, which means the current valuation is very expensive for INEA.
Based on the Price/Earnings ratio, INEA is valued a bit more expensive than 66.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of INEA to the average of the S&P500 Index (27.30), we can say INEA is valued expensively.
INEA is valuated reasonably with a Price/Forward Earnings ratio of 10.89.
The rest of the industry has a similar Price/Forward Earnings ratio as INEA.
The average S&P500 Price/Forward Earnings ratio is at 22.73. INEA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.87 | ||
| Fwd PE | 10.89 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INEA indicates a slightly more expensive valuation: INEA is more expensive than 61.90% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, INEA is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.17 | ||
| EV/EBITDA | 19.95 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)7.84
PEG (5Y)N/A
EPS Next 2Y10.2%
EPS Next 3Y9.52%
5. Dividend
5.1 Amount
INEA has a Yearly Dividend Yield of 8.23%, which is a nice return.
INEA's Dividend Yield is rather good when compared to the industry average which is at 5.57. INEA pays more dividend than 95.24% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, INEA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.23% |
5.2 History
The dividend of INEA has a limited annual growth rate of 1.13%.
Dividend Growth(5Y)1.13%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
583.11% of the earnings are spent on dividend by INEA. This is not a sustainable payout ratio.
INEA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP583.11%
EPS Next 2Y10.2%
EPS Next 3Y9.52%
EPA:INEA (9/12/2025, 7:00:00 PM)
32.6
-0.2 (-0.61%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners7.82%
Inst Owner ChangeN/A
Ins Owners9.97%
Ins Owner ChangeN/A
Market Cap353.38M
Analysts77.78
Price Target39.27 (20.46%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.23% |
Yearly Dividend2.7
Dividend Growth(5Y)1.13%
DP583.11%
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)4.05%
PT rev (3m)6.75%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.56%
EPS NY rev (3m)4.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.62%
Revenue NY rev (3m)-10.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.87 | ||
| Fwd PE | 10.89 | ||
| P/S | 4.36 | ||
| P/FCF | 6.17 | ||
| P/OCF | 6.17 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 19.95 |
EPS(TTM)0.46
EY1.41%
EPS(NY)2.99
Fwd EY9.18%
FCF(TTM)5.28
FCFY16.2%
OCF(TTM)5.28
OCFY16.2%
SpS7.47
BVpS48.42
TBVpS48.42
PEG (NY)7.84
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 0.95% | ||
| ROCE | 4.32% | ||
| ROIC | 3.18% | ||
| ROICexc | 3.19% | ||
| ROICexgc | 3.19% | ||
| OM | 60.63% | ||
| PM (TTM) | 6.19% | ||
| GM | 71.1% | ||
| FCFM | 70.7% |
ROA(3y)2.33%
ROA(5y)3.54%
ROE(3y)4.2%
ROE(5y)6.76%
ROIC(3y)2.81%
ROIC(5y)2.84%
ROICexc(3y)2.82%
ROICexc(5y)2.86%
ROICexgc(3y)2.82%
ROICexgc(5y)2.86%
ROCE(3y)3.83%
ROCE(5y)3.87%
ROICexcg growth 3Y2.87%
ROICexcg growth 5Y3.12%
ROICexc growth 3Y2.9%
ROICexc growth 5Y3.15%
OM growth 3Y0.58%
OM growth 5Y1.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.57%
GM growth 5Y0.31%
F-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 11.16 | ||
| Debt/EBITDA | 12.34 | ||
| Cap/Depr | 4.76% | ||
| Cap/Sales | 0.03% | ||
| Interest Coverage | 1.63 | ||
| Cash Conversion | 115.56% | ||
| Profit Quality | 1142.52% | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 0.85 |
F-Score6
WACC5.36%
ROIC/WACC0.59
Cap/Depr(3y)8.98%
Cap/Depr(5y)76.3%
Cap/Sales(3y)0.04%
Cap/Sales(5y)0.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)245.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%137.82%
EPS Next Y9.03%
EPS Next 2Y10.2%
EPS Next 3Y9.52%
EPS Next 5YN/A
Revenue 1Y (TTM)10.82%
Revenue growth 3Y14.54%
Revenue growth 5Y12.2%
Sales Q2Q%7.76%
Revenue Next Year-2.39%
Revenue Next 2Y2.04%
Revenue Next 3Y3.53%
Revenue Next 5Y3.65%
EBIT growth 1Y7.14%
EBIT growth 3Y15.21%
EBIT growth 5Y14.21%
EBIT Next Year100.62%
EBIT Next 3YN/A
EBIT Next 5Y19.02%
FCF growth 1Y109.72%
FCF growth 3Y32.5%
FCF growth 5Y32.16%
OCF growth 1Y109.43%
OCF growth 3Y31.59%
OCF growth 5Y32.17%