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About The Company

CEO

Mr. Jean-Paul Sols

Market Cap

457.82 Million EUR

Sector

Real Estate

Website

https://www.intervest.be

Description

Intervest Offices & Warehouses nv, (hereinafter Intervest), is a public regulated real estate company (RREC) founded in 1996 of which the shares are listed on Euronext Brussels (INTO) as from 1999.

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Overview

Value

46

Growth

42

Health

42

Management

48

Analyst Opinion

86

Total

53

All Scores Out Of 100

Best Features

  • Has a low level of debt
  • Price-to-earnings ratio of 8.0 is lower than the market average (19.6x)
  • Has a margin-of-safety above fair value
  • Liked by analysts

Risk Factors

  • Earnings have declined recently
  • There is a history of diluting shareholders
  • Does not hold enough liquid assets to cover short term liabilities
  • High preportion of income is paid as dividend
  • Dividend could be at risk

Market Peers

INTO.BR

Key Figures

PE Ratio (TTM)

8.04

Margin Of Safety (DCF)

75.03%

Revenue Growth (5 Year Average)

7.62%

Ratings Consensus

Strong Buy

Share Buybacks

-3.57%

Dividend Yeild (TTM)

3.82%

Valuation

Value Score

46

  • Price-to-earnings ratio of 8.0 is lower than the market average (19.6x)
  • Margin-of-safety of 75.03% is better than the market average (17.95%)
  • Estimated intrinsic-value of 27.58 EUR is higher than current price ( 15.66 EUR)
  • Free-cashflow-yeild of 1.74% is worse than the market average (4.7%)

Desired Margin Of Safety

0%

Tip: Set your desired Margin Of Safety

Free Cash Flow Type

Annual Cashflow Growth

0%

Discount Rate

0%

Buy Target: < 28.1 EUR

Current Price: 15.8 EUR

Negative Cashflows: Cashflow can become negative due to operating losses, investing activities or financing activites. Negative cashflow makes it dificult to use a discounted free cashflow model to assess intrinsic value.

How Does This Work?

Show Advanced Options

This calculator helps investors estimate the Intrinsic Value of a company based on the current value of future cash flows. To use the tool, simply input a desired Margin Of Safety, which is an additional discount applied to the present value of the expected future cash flows. The tool calculates the present value using a discount rate that reflects the risk and time value of money, and provides an estimated target price for the company based on the selected margin of safety. The calculator defaults to using 5 Year Free Cash Flow Growth % and a discount rate based on the US 10-year treasury bond coupon rate. Use our performance analyser to get a feel the impact this has on longterm investment returns and discover a margin of safety you are comfortable with. This can be a useful tool for investors looking to make informed decisions about whether to buy or sell shares of a particular company.

Price/Earnings

8.04x

Free Cashflow Yeild

1.74%

PE/Earnings Growth

0.23

Price/Book

0.64x

Growth

Growth Score

42

  • Revenue growth has improved this yeara
  • 5 Year Average Earnings growth of 17.09% is higher than the market average (14.48%)
  • Free Cashflow growth has improved this year
  • 5 Year Average Revenue growth of 7.62% is lower than the market average (10.97%)
  • Earnings growth has slowed this year
  • 5 Year Average Free Cashflow growth of N/A is lower than the market average (12.35%)

Revenue Growth

7.62%

Earnings Growth

17.09%

Cashflow Growth

N/A

Health

Health Score

42

  • Assets do not cover liabilities
  • High financial leverage and base interest rate exposure
  • Requires debt for normal operation to be sustainable
  • Debt repayments significantly impact cashflow

Altman Z Score

0.71

Piostroski Score

5.00

Debt/Equity

0.66x

Current Assets/Liabilities

0.02x

Free Cashflow/Total Debt

0.04x

Debt/Capital

157.19x

Dividend

Secure Dividend Score

27

  • Dividend yeild of 3.82% is more than the market average (1.85%)
  • Long term dividend payout ratio of 42.16% is considered good
  • Dividends have shown growth over the last 5 years
  • Very unsafe
  • Payout ratio (TTM) of 89.11% is higher than the average (40%)
  • Spending a higher percentage of their income on dividends than last 5 years

Dividend Yeild

3.82%

Dividend Growth

N/A

Payout Ratio (Earnings)

89.11%

Payout Ratio (Cashflow)

219.55%

Management

Management Score

48

  • Has issued new shares to finance growth when share price is high
  • Return-on-capital-employed of 2.21% is lower than the market average (10%)
  • Has a history of diluting shareholders to finance activity
  • Return-on-equity of 5.41% is lower than the market average (15%)

Average Buybacks/Dilution

-3.57%

Recent Buybacks/Dilution

18.57%

5 Year Price Volitility

9.85%

Return On Assets

3.09%

Return On Capital Employed

2.21%

Return On Equity

5.41%

Return On Free Cashflow

216.76%

Return On Investments

11253.19%

Analysts

Analyst Opinion

86

  • Ratings consensus is Strong Buy

SEC Filings

Find yearly (10-K), quaterly (10-Q) and disclosure (8-K) report here, on the Securities and Exchange Commission's EDGAR database. If reading through reports isn't your cup of tea, don't worry. We've made it easy for you by summarizing all the important bits.

Other Information

Company Name

Intervest Offices & Warehouses

Currency

EUR

Beta

0.296862

Vol Avg

36346

Ceo

Mr. Jean-Paul Sols

Cik

Cusip

B5241S112

Exchange

Brussels

Full Time Employees

59

Industry

REIT—Diversified

Sector

Real Estate

Ipo Date

1999-03-11

Address

Uitbreidingstraat 66

City

Berchem

State

ANTWERPEN

Country

BE

Zip

2600

Phone

3232876767

All financial data provided by FMP

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