Stock 0J6V COVIVIO
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Financials Covivio London S.E.

Equities

0J6V

FR0000064578

Commercial REITs

Market Closed - London S.E.
Other stock markets
 11:30:00 2024-04-26 am EDT 		5-day change 1st Jan Change
46.52 EUR +3.68% Intraday chart for Covivio +7.15% -4.54%
Apr. 24 COVIVIO : Invest Securities remains Buy after sales release CF
Apr. 24 Covivio: stable revenues in Q1 CF

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,809 7,103 6,813 5,199 4,872 4,668 - -
Enterprise Value (EV) 1 19,029 18,153 17,785 5,199 11,797 11,109 10,982 11,039
P/E ratio 11.5 x 19.1 x 7.37 x 8.39 x -3.34 x 47 x 9.34 x 10.6 x
Yield 4.74% 4.78% 5.19% 6.76% 6.78% 7.32% 7.38% 7.5%
Capitalization / Revenue 9.16 x 8.19 x 11.5 x 8.57 x 7.91 x 4.34 x 4.28 x 4.17 x
EV / Revenue 19.8 x 20.9 x 29.9 x 8.57 x 19.2 x 10.3 x 10.1 x 9.85 x
EV / EBITDA 21.6 x 25.9 x 32.6 x 9.73 x 21.4 x 19.5 x 18.7 x 17.7 x
EV / FCF 192 x -139 x 24.8 x - - 8.99 x 14.3 x 26.7 x
FCF Yield 0.52% -0.72% 4.03% - - 11.1% 6.97% 3.75%
Price to Book 1.06 x 0.83 x 0.79 x 0.55 x - 0.63 x 0.64 x 0.65 x
Nbr of stocks (in thousands) 87,041 94,261 94,369 93,764 100,084 100,162 - -
Reference price 2 101.2 75.35 72.20 55.45 48.68 46.60 46.60 46.60
Announcement Date 2/13/20 2/17/21 2/22/22 2/21/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 961.3 866.8 594.6 606.8 615.6 1,076 1,091 1,120
EBITDA 1 881.7 701.8 545.6 534.3 551 570.2 586.3 625.3
EBIT 1 816.7 636.7 498 517.5 530 660.8 660.8 765.4
Operating Margin 84.96% 73.45% 83.75% 85.28% 86.09% 61.43% 60.57% 68.31%
Earnings before Tax (EBT) 1 838.8 413.9 1,014 711.8 -1,554 -464.6 248.8 -
Net income 1 747 359.8 923.6 620.7 -1,419 118 499.2 464.7
Net margin 77.71% 41.51% 155.33% 102.29% -230.47% 10.97% 45.76% 41.47%
EPS 2 8.770 3.937 9.791 6.606 -14.55 0.9905 4.990 4.380
Free Cash Flow 1 99.19 -130.6 716.3 - - 1,236 766 414
FCF margin 10.32% -15.07% 120.47% - - 114.9% 70.22% 36.95%
FCF Conversion (EBITDA) 11.25% - 131.29% - - 216.76% 130.66% 66.21%
FCF Conversion (Net income) 13.28% - 77.56% - - 1,047.32% 153.46% 89.1%
Dividend per Share 2 4.800 3.600 3.750 3.750 3.300 3.409 3.440 3.493
Announcement Date 2/13/20 2/17/21 2/22/22 2/21/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 479.2 268 431.6 292.8 301.8 270.1 336.7 307.7 307.9 561.4 586.4 579.7 605.8
EBITDA - - - - - - - - - - - - -
EBIT 1 - - - 248.9 249.1 261.1 - 269.6 260.4 446.1 452.9 463.3 470.9
Operating Margin - - - 85.01% 82.54% 96.67% - 87.62% 84.57% 79.45% 77.23% 79.91% 77.74%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/13/20 7/21/20 2/17/21 7/21/21 2/22/22 7/21/22 2/21/23 7/20/23 2/15/24 - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,220 11,050 10,972 - 6,925 6,442 6,315 6,371
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 11.59 x 15.74 x 20.11 x - 12.57 x 11.3 x 10.77 x 10.19 x
Free Cash Flow 1 99.2 -131 716 - - 1,236 766 414
ROE (net income / shareholders' equity) 9.42% 4.26% 4.62% - - 5.69% 5.8% 5.93%
ROA (Net income/ Total Assets) 2.98% 1.36% 1.48% - - 2.67% 2.74% 2.73%
Assets 1 25,053 26,552 62,566 - - 4,413 18,211 17,033
Book Value Per Share 2 95.30 91.00 91.00 101.0 - 73.40 72.60 71.40
Cash Flow per Share 2 9.710 6.760 6.900 - - 6.100 5.900 5.860
Capex 1 674 631 698 - - 843 592 157
Capex / Sales 70.14% 72.83% 117.31% - - 78.33% 54.28% 13.99%
Announcement Date 2/13/20 2/17/21 2/22/22 2/21/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Covivio

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
46.6 EUR
Average target price
52.41 EUR
Spread / Average Target
+12.47%
Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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  1. Stock Market
  2. Equities
  3. COV Stock
  4. 0J6V Stock
  5. Financials Covivio