COFINIMMO

Cofinimmo has a 40-year history of acquiring, developing, and managing rental properties across Europe. Its portfolio is valued at approximately 6.2 billion EUR, with a focus on high-quality care, living, and working spaces. The companys mission is to provide these spaces that directly benefit occupants. Cofinimmo has built a healthcare real estate portfolio of 4.7 billion EUR in Europe. It has around 155 employees across five offices and is listed on Euronext Brussels (BEL20). The company benefits from the REIT system in Belgium, France, and the Netherlands. Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator.

Overview

Sector

REIT

Target Price

56.6 EUR

Current Price

76.7 EUR

Potential

-26%

Strengths

Price to book ratio (0.83) is lower than the sector mean (1.72).
Price to free cash flow (10.49) is lower than the sector mean.
Strong EBITDA Margin of 37.41%.

Weaknesses

With a depreciation Potential of -26.27%, based on our fundamental analysis, it suggests the stock may be overvalued.
EV/EBITDA (29.22) is significantly higher than the sector mean (21.76).

Key Financial Data

Indicator	Value
PER	45.7
EV/EBITDA	29.2
Price/Free Cash Flow'	10.5
ROIC	5.6%
Net Debt/EBITDA	9.5