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Covivio Hotels Société anonyme

BATS-CHIXE:COVHP
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COVHP
BATS-CHIXE
€2B
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Covivio Hotels specialises in ownership of lease properties in the hotel industry. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Covivio Hotels Société anonyme has significant price volatility in the past 3 months.
COVHP Share Price and Events
7 Day Returns
0.8%
BATS-CHIXE:COVHP
6.6%
GB REITs
6%
GB Market
1 Year Returns
-31.8%
BATS-CHIXE:COVHP
-20%
GB REITs
-22.7%
GB Market
COVHP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Covivio Hotels Société anonyme (COVHP) 0.8% -26.2% -37.7% -31.8% - -
GB REITs 6.6% -22.8% -28.8% -20% -16.1% -22%
GB Market 6% -20.3% -28.1% -22.7% -24.6% -22%
1 Year Return vs Industry and Market
  • COVHP underperformed the REITs industry which returned -20% over the past year.
  • COVHP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -22.7% over the past year.
Price Volatility
COVHP
Industry
5yr Volatility vs Market
Related Companies

COVHP Value

 Is Covivio Hotels Société anonyme undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Covivio Hotels Société anonyme to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Covivio Hotels Société anonyme.

BATS-CHIXE:COVHP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 1.550000
Payout Ratio Company Filings (2019-12-31) 6273.4%
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:COVHP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.46 (1 + (1- 33%) (122.37%))
0.642
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for BATS-CHIXE:COVHP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Covivio Hotels Société anonyme is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BATS-CHIXE:COVHP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €1.55 / (5.39% - 0.53%)
€27.14
BATS-CHIXE:COVHP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:COVHP represents 0.94736x of ENXTPA:COVH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94736x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 30.24 x 0.94736
€28.65
Value per share (EUR) From above. €28.65
Current discount Discount to share price of €18.00
= -1 x (€18.00 - €28.65) / €28.65
37.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Covivio Hotels Société anonyme is available for.
Intrinsic value
37%
Share price is €18 vs Future cash flow value of €28.65
Current Discount Checks
For Covivio Hotels Société anonyme to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Covivio Hotels Société anonyme's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Covivio Hotels Société anonyme's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Covivio Hotels Société anonyme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Covivio Hotels Société anonyme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:COVHP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.87
ENXTPA:COVH Share Price ** ENXTPA (2020-03-24) in EUR €19
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.85x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 12.54x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Covivio Hotels Société anonyme.

BATS-CHIXE:COVHP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:COVH Share Price ÷ EPS (both in EUR)

= 19 ÷ 1.87

10.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Covivio Hotels Société anonyme is good value based on earnings compared to the GB REITs industry average.
  • Covivio Hotels Société anonyme is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Covivio Hotels Société anonyme's expected growth come at a high price?
Raw Data
BATS-CHIXE:COVHP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.65x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 531 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Covivio Hotels Société anonyme, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Covivio Hotels Société anonyme's assets?
Raw Data
BATS-CHIXE:COVHP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €25.05
ENXTPA:COVH Share Price * ENXTPA (2020-03-24) in EUR €19
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 53 Publicly-Listed REITs Companies 0.74x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.08x
BATS-CHIXE:COVHP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:COVH Share Price ÷ Book Value per Share (both in EUR)

= 19 ÷ 25.05

0.76x

* Primary Listing of Covivio Hotels Société anonyme.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Covivio Hotels Société anonyme is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess Covivio Hotels Société anonyme's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Covivio Hotels Société anonyme has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

COVHP Future Performance

 How is Covivio Hotels Société anonyme expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Covivio Hotels Société anonyme has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.2%
Expected REITs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Covivio Hotels Société anonyme expected to grow at an attractive rate?
  • Unable to compare Covivio Hotels Société anonyme's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Covivio Hotels Société anonyme's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Covivio Hotels Société anonyme's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:COVHP Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 24.2%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:COVHP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:COVHP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 501 352
2019-09-30 416 282
2019-06-30 331 269 211
2019-03-31 323 263 203
2018-12-31 315 257 194
2018-09-30 289 197
2018-06-30 263 217 199
2018-03-31 246 200 226
2017-12-31 228 182 252
2017-06-30 196 162 165
2017-03-31 193 164 144

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Covivio Hotels Société anonyme is high growth as no earnings estimate data is available.
  • Unable to determine if Covivio Hotels Société anonyme is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:COVHP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Covivio Hotels Société anonyme Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:COVHP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31
2019-09-30
2019-06-30 1.87
2019-03-31 1.81
2018-12-31 1.74
2018-09-30 1.80
2018-06-30 1.87
2018-03-31 2.32
2017-12-31 2.87
2017-06-30 2.14
2017-03-31 1.90

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Covivio Hotels Société anonyme will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Covivio Hotels Société anonyme is trading at Covivio Hotels Société anonyme'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Covivio Hotels Société anonyme's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Covivio Hotels Société anonyme's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Covivio Hotels Société anonyme has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

COVHP Past Performance

  How has Covivio Hotels Société anonyme performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Covivio Hotels Société anonyme's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Covivio Hotels Société anonyme's year on year earnings growth rate has been positive over the past 5 years.
  • Covivio Hotels Société anonyme's 1-year earnings growth exceeds its 5-year average (81.6% vs 11.3%)
  • Covivio Hotels Société anonyme's earnings growth has exceeded the GB REITs industry average in the past year (81.6% vs -21.6%).
Earnings and Revenue History
Covivio Hotels Société anonyme's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Covivio Hotels Société anonyme Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:COVHP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 501.10 352.30
2019-09-30 416.11 281.81 0.02
2019-06-30 331.11 211.32 0.04
2019-03-31 323.18 202.66 0.04
2018-12-31 315.25 194.00 0.04
2018-09-30 289.05 196.72 0.03
2018-06-30 262.84 199.44 0.02
2018-03-31 245.56 225.82 0.01
2017-12-31 228.29 252.20 0.01
2017-06-30 196.25 164.61 0.00
2017-03-31 192.55 143.62 -0.01
2016-12-31 188.86 122.64 -0.02
2016-06-30 211.00 177.04 0.02
2016-03-31 211.11 190.70 0.03
2015-12-31 211.23 204.35 0.04
2015-09-30 208.38 203.15 0.03
2015-06-30 205.53 201.96 0.02
2015-03-31 202.34 149.83 0.02
2014-12-31 199.15 97.71 0.01
2014-09-30 201.11 93.82 0.01
2014-06-30 203.07 89.93
2014-03-31 206.99 132.43
2013-12-31 210.92 174.93
2013-09-30 207.69 165.47 0.08
2013-06-30 204.47 156.00 0.15
2013-03-31 200.74 127.85 0.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Covivio Hotels Société anonyme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Covivio Hotels Société anonyme used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Covivio Hotels Société anonyme's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Covivio Hotels Société anonyme's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Covivio Hotels Société anonyme has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

COVHP Health

 How is Covivio Hotels Société anonyme's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Covivio Hotels Société anonyme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Covivio Hotels Société anonyme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Covivio Hotels Société anonyme's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Covivio Hotels Société anonyme's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Covivio Hotels Société anonyme Company Filings, last reported 2 months ago.

BATS-CHIXE:COVHP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,486.20 2,583.50 164.70
2019-09-30 3,486.20 2,583.50 164.70
2019-06-30 3,280.14 2,630.65 250.25
2019-03-31 3,280.14 2,630.65 250.25
2018-12-31 3,304.21 2,870.51 381.40
2018-09-30 3,304.21 2,870.51 381.40
2018-06-30 3,200.84 2,345.19 532.24
2018-03-31 3,200.84 2,345.19 532.24
2017-12-31 2,405.16 1,749.31 33.65
2017-06-30 2,342.09 1,779.46 45.24
2017-03-31 2,342.09 1,779.46 45.24
2016-12-31 2,053.38 1,406.95 38.28
2016-06-30 1,927.72 1,668.74 57.20
2016-03-31 1,927.72 1,668.74 57.20
2015-12-31 1,940.70 1,635.36 26.01
2015-09-30 1,940.70 1,635.36 26.01
2015-06-30 1,868.38 1,707.60 59.99
2015-03-31 1,868.38 1,707.60 59.99
2014-12-31 1,837.97 1,536.93 119.78
2014-09-30 1,837.97 1,536.93 119.78
2014-06-30 1,570.93 1,679.14 54.57
2014-03-31 1,570.93 1,679.14 54.57
2013-12-31 1,645.64 1,637.24 13.21
2013-09-30 1,645.64 1,637.24 13.21
2013-06-30 1,586.39 1,574.11 30.22
2013-03-31 1,586.39 1,574.11 30.22
  • Covivio Hotels Société anonyme's level of debt (74.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (83.7% vs 74.1% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Covivio Hotels Société anonyme's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Covivio Hotels Société anonyme has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

COVHP Dividends

 What is Covivio Hotels Société anonyme's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.16%
Current annual income from Covivio Hotels Société anonyme dividends.
If you bought €2,000 of Covivio Hotels Société anonyme shares you are expected to receive €163 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Covivio Hotels Société anonyme's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.7%).
  • Covivio Hotels Société anonyme's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.3%).
Upcoming dividend payment

Purchase Covivio Hotels Société anonyme before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:COVHP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 630 Stocks 6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:COVHP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-12 1.550 6.676
2019-03-08 1.550 5.712
2018-03-07 1.550 5.966
2017-02-22 1.550 5.617
2016-03-11 1.550 5.808
2015-03-17 1.550 6.082
2015-02-20 1.550 6.492
2014-03-17 1.550 6.974
2013-03-12 1.500 7.874
2012-07-26 1.500 8.517
2012-03-05 1.500 8.763
2012-02-09 1.500 7.806
2011-03-14 1.450 7.639
2011-02-10 1.450 6.572
2010-04-01 1.400 8.006
2009-05-20 1.400 10.183
2009-03-30 1.400 15.924

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Covivio Hotels Société anonyme's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Covivio Hotels Société anonyme's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Covivio Hotels Société anonyme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Covivio Hotels Société anonyme has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

COVHP Management

 What is the CEO of Covivio Hotels Société anonyme's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dominique Ozanne
COMPENSATION €1,111,193
AGE 41
TENURE AS CEO 2.2 years
CEO Bio

Mr. Dominique Ozanne has been Deputy General Manager and Deputy CEO of Covivio since February 14, 2018. Mr. Ozanne is serving as Chief Executive Officer at Covivio Hotels (“Foncière des Régions”) since 2018 and had been Deputy CEO of Covivio Hotels (“Foncière des Régions”) since February 14, 2018 till 2018. Mr. Ozanne joined Foncière des Régions in 2003 as Special Adviser to the Chief Executive Officer. In 2005, he took part in the set-up of Foncière des Murs, Foncière des Régions subsidiary dedicated to hotel real estate. Having been at the head of this entity since 2011 – as CEO Hotels – he was instrumental in making this lucrative sector a strategic pillar for Covivio (formerly, Foncière des Régions), which is now Europe's leading investor in hotel real estate, with a portfolio of €5 billion and over 55,000 rooms under management. He served as Chief Executive Officer at Foncière des Murs until 2012. He is a graduate of ESTP and HEC (Master's Degree in Strategy and Finance).

CEO Compensation
  • Dominique's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dominique's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Dominique Ozanne

TITLE
Chief Executive Officer
COMPENSATION
€1M
AGE
41
TENURE
2.2 yrs

Emmanuel Chabas

TITLE
Supervisory Board Member
COMPENSATION
€4K
AGE
43

Tugdual Millet

TITLE
Chief Financial Officer
AGE
41

Elsa Tobelem

TITLE
Deputy Director & Member of Management Board

Yves Marque

TITLE
Chief Operating Officer

Paul Arkwright

TITLE
Investor Relations Officer

Marc Henrion

TITLE
Member of the European Board and Managing Director of Foncière Europe Logistique
COMPENSATION
€3K
AGE
69

Daniel Frey

TITLE
Member of the European Board and Vice Chief Executive Officer of Immeo Wohnen

Gaël Lay

TITLE
Deputy Chief Executive Officer
TENURE
7.2 yrs
Board of Directors Tenure

Average tenure and age of the Covivio Hotels Société anonyme board of directors in years:

10.8
Average Tenure
56
Average Age
  • The average tenure for the Covivio Hotels Société anonyme board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Joseph Kullmann

TITLE
Chairman of the Supervisory Board
COMPENSATION
€4M
AGE
54
TENURE
15.3 yrs

Olivier Joseph Estève

TITLE
Member of Supervisory Board
COMPENSATION
€2M
AGE
55
TENURE
8.9 yrs

Françoise Jacqueline Debrus

TITLE
Supervisory Board Member
COMPENSATION
€5K
AGE
59
TENURE
10.6 yrs

Denis Moscovici

TITLE
Director of European Board
COMPENSATION
€248K
AGE
57

François Morrisson

TITLE
Supervisory Board Member
COMPENSATION
€41K
AGE
54
TENURE
8.9 yrs

Jean Luchet

TITLE
Supervisory Board Member
COMPENSATION
€3K
AGE
75
TENURE
10.9 yrs

Sébastien Pezet

TITLE
Member of Supervisory Board
COMPENSATION
€4K
AGE
44
TENURE
11.3 yrs

Nathalie Robin

TITLE
Supervisory Board Member
COMPENSATION
€4K
AGE
57
TENURE
12.1 yrs

Emmanuel Chabas

TITLE
Supervisory Board Member
COMPENSATION
€4K
AGE
43
TENURE
4.1 yrs

Marc Henrion

TITLE
Member of the European Board and Managing Director of Foncière Europe Logistique
COMPENSATION
€3K
AGE
69

Daniel Frey

TITLE
Member of the European Board and Vice Chief Executive Officer of Immeo Wohnen
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Covivio Hotels Société anonyme's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Covivio Hotels Société anonyme has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

COVHP News

Simply Wall St News

COVHP Company Info

Description

Covivio Hotels specialises in ownership of lease properties in the hotel industry. A listed property investment company (SIIC) and the real estate partner of large players in the hotel industry, Covivio Hotels holds a portfolio valued at €6.7 billion (as at 31 December 2019). Covivio Hotels is rated BBB+ / with Stable outlook by Standard and Poor’s.

Details
Name: Covivio Hotels Société anonyme
COVHP
Exchange: BATS-CHIXE
Founded: 2004
€2,299,600,932
121,031,628
Website: http://www.covivio-hotels.fr
Address: Covivio Hotels Société anonyme
10 Avenue Kléber,
Cedex 16,
Paris,
Languedoc-Roussillon, 75208,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA COVH Common Shares Euronext Paris FR EUR 02. Jan 1992
LSE 0IS8 Common Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE COVHP Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
24
Covivio Hotels Société anonyme employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 19:47
End of day share price update: 2020/03/24 00:00
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.