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Coima Res

BATS-CHIXE:CRESM
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRESM
BATS-CHIXE
€237M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

COIMA RES is a real estate company listed on Borsa Italiana. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • Coima Res has significant price volatility in the past 3 months.
CRESM Share Price and Events
7 Day Returns
1.3%
BATS-CHIXE:CRESM
-4.2%
GB REITs
-2.2%
GB Market
1 Year Returns
-11.5%
BATS-CHIXE:CRESM
-24.4%
GB REITs
-25.9%
GB Market
CRESM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coima Res (CRESM) 1.3% -19.2% -21.4% -11.5% -4% -
GB REITs -4.2% -26.5% -32.1% -24.4% -23.4% -30%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • CRESM outperformed the REITs industry which returned -24.4% over the past year.
  • CRESM outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
CRESM
Industry
5yr Volatility vs Market

CRESM Value

 Is Coima Res 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 Coima Res 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 Coima Res.

BATS-CHIXE:CRESM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
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:CRESM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 8.2%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.452 (1 + (1- 24%) (151.25%))
0.981
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.981 * 8.23%)
8.6%

Discounted Cash Flow Calculation for BATS-CHIXE:CRESM using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

BATS-CHIXE:CRESM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:CRESM represents 1.05487x of BIT:CRES
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.05487x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.19 x 1.05487
€8.64
Value per share (EUR) From above. €8.64
Current discount Discount to share price of €6.92
= -1 x (€6.92 - €8.64) / €8.64
19.9%

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

Current Discount
Amount off the current price Coima Res is available for.
Intrinsic value
20%
Share price is €6.92 vs Future cash flow value of €8.64
Current Discount Checks
For Coima Res to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Coima Res's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Coima Res'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 Coima Res's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coima Res's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:CRESM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.89
BIT:CRES Share Price ** BIT (2020-03-31) in EUR €6.56
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.58x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

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

** Primary Listing of Coima Res.

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

= BIT:CRES Share Price ÷ EPS (both in EUR)

= 6.56 ÷ 0.89

7.37x

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

  • Coima Res is good value based on earnings compared to the GB REITs industry average.
  • Coima Res is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Coima Res's expected growth come at a high price?
Raw Data
BATS-CHIXE:CRESM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-4.4%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.67x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:CRESM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.37x ÷ -4.4%

-1.69x

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

  • Coima Res earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Coima Res's assets?
Raw Data
BATS-CHIXE:CRESM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €12.41
BIT:CRES Share Price * BIT (2020-03-31) in EUR €6.56
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.73x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
BATS-CHIXE:CRESM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:CRES Share Price ÷ Book Value per Share (both in EUR)

= 6.56 ÷ 12.41

0.53x

* Primary Listing of Coima Res.

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

  • Coima Res is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess Coima Res'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. Coima Res 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.

CRESM Future Performance

 How is Coima Res expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
-4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coima Res expected to grow at an attractive rate?
  • Coima Res's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Coima Res's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Coima Res's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:CRESM Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:CRESM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -4.4%
BATS-CHIXE:CRESM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -1.8%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 24.1%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
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:CRESM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 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:CRESM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 47 24 32 1
2022-12-31 40 19 23 2
2021-12-31 42 22 29 3
2020-12-31 43 21 29 2
2020-04-04
BATS-CHIXE:CRESM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 47 14 32
2019-09-30 36 17 41
2019-06-30 36 19 43
2019-03-31 36 23 48
2018-12-31 36 22 46
2018-09-30 36 23 34
2018-06-30 35 21 32
2018-03-31 35 20 25
2017-12-31 34 20 29
2017-09-30 32 22
2017-06-30 31 47 24
2017-03-31 24 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coima Res's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Coima Res's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:CRESM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Coima Res Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CRESM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.88 0.88 0.88 1.00
2022-12-31 0.59 0.70 0.49 3.00
2021-12-31 0.81 0.82 0.80 2.00
2020-12-31 0.82 0.89 0.75 2.00
2020-04-04
BATS-CHIXE:CRESM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.89
2019-09-30 1.16
2019-06-30 1.20
2019-03-31 1.34
2018-12-31 1.28
2018-09-30 0.94
2018-06-30 0.88
2018-03-31 0.68
2017-12-31 0.80
2017-09-30 0.60
2017-06-30 0.65
2017-03-31 0.55

*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.
  • Coima Res is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Coima Res'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.
Coima Res 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.

CRESM Past Performance

  How has Coima Res 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 Coima Res'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.
  • Coima Res has delivered over 20% year on year earnings growth in the past 5 years.
  • Coima Res's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Coima Res's 1-year earnings growth is negative, it can't be compared to the GB REITs industry average.
Earnings and Revenue History
Coima Res'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 Coima Res Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CRESM 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 46.70 31.97 9.67
2019-09-30 36.47 41.49 8.78
2019-06-30 36.38 43.05 8.70
2019-03-31 36.15 47.55 8.85
2018-12-31 36.26 46.27 8.55
2018-09-30 35.83 33.91 8.52
2018-06-30 35.26 31.57 8.11
2018-03-31 34.81 24.73 7.99
2017-12-31 34.24 28.89 7.94
2017-09-30 31.79 21.80 9.67
2017-06-30 30.93 23.51 8.28
2017-03-31 23.80 19.73 6.60
2016-12-31 15.53 12.12 4.82
2016-09-30 8.86 5.93 0.87
2015-12-31 -0.55 0.06

*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.
  • Coima Res has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Coima Res used its assets less efficiently than the GB REITs industry average last year based on Return on Assets.
  • Coima Res has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coima Res'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.
Coima Res has a total score of 2/6, 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.

CRESM Health

 How is Coima Res'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 Coima Res's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coima Res is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Coima Res's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Coima Res'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 0.2x 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 Coima Res Company Filings, last reported 3 months ago.

BATS-CHIXE:CRESM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 511.29 358.26 42.69
2019-09-30 495.58 335.71 85.50
2019-06-30 480.95 289.50 116.99
2019-03-31 437.04 292.26 83.89
2018-12-31 432.24 292.37 82.22
2018-09-30 411.23 288.67 33.84
2018-06-30 407.41 239.91 32.80
2018-03-31 399.59 239.77 43.17
2017-12-31 395.33 263.14 27.04
2017-09-30 384.85 302.28 81.03
2017-06-30 383.18 302.91 77.66
2017-03-31 376.25 303.57 80.32
2016-12-31 372.99 289.97 113.10
2016-09-30 367.02 290.20 119.03
2015-12-31 0.25 0.00 0.39
  • Coima Res's level of debt (69.9%) compared to net worth is high (greater than 40%).
  • Unable to establish if Coima Res's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (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 Coima Res'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. Coima Res has a total score of 2/6, 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.

CRESM Dividends

 What is Coima Res'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
4.57%
Current annual income from Coima Res dividends. Estimated to be 4.96% next year.
If you bought €2,000 of Coima Res shares you are expected to receive €91 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?
  • Coima Res's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.66%).
  • Coima Res's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.42%).
Upcoming dividend payment

Purchase Coima Res 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:CRESM 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 3 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 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
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 7.4%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:CRESM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.34 2.00
2021-12-31 0.33 3.00
2020-12-31 0.31 2.00
2020-04-04
BATS-CHIXE:CRESM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.300 4.458
2020-02-21 0.300 3.988
2019-03-21 0.300 3.603
2019-02-22 0.300 3.759
2018-11-08 0.280 3.845
2018-02-22 0.270 3.357
2017-10-25 0.180 2.048
2017-07-27 0.180 2.250
2017-02-08 0.110 1.487

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

  • Whilst dividend payments have been stable, Coima Res has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Coima Res only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Coima Res's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (53.3x coverage).
X
Income/ dividend checks
We assess Coima Res's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Coima Res afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coima Res has a total score of 3/6, see the detailed checks below.


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

CRESM Management

 What is the CEO of Coima Res'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
Manfredi Catella
COMPENSATION €775,267
AGE 51
CEO Bio

Mr. Manfredi Catella has been Director of Internal Control and Risk Management System at COIMA RES S.p.A. SIIQ., since April 2018. Mr.Catella has gained 25 years of experience in the Investment Management and Real Estate sectors. He is Chairman of the real estate company COIMA, founded in 1974. Mr. Catella is Chief Executive Officer of COIMA RES S.p.A. SIIQ. Previously, Mr. Catella worked at JP Morgan in Milan, Caisse Centrale des Banques Populaire in Paris, Heitman at Chicago and at HSBC. He is President of the Fondazione Riccardo Catella and on the Advisory Board of Università Bocconi and Assolombarda. Prior he was President of Urban Land Institute in Italy. He graduated in Economics from the Università Commerciale Cattolica del Sacro Cuore in Milan and holds a master in Regional Planning and Real Estate from the Politecnico in Turin. He is Chartered Financial Analyst, is Member of the Italian journalist association (freelance) and Author of a number of articles on real estate and territory requalification fields.

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

Manfredi Catella

TITLE
Founder
COMPENSATION
€775K
AGE
51

Fulvio Di Gilio

TITLE
Chief Financial Officer
AGE
44

Gabriele Bonfiglioli

TITLE
Head of Investment Management
COMPENSATION
€103K
AGE
41
TENURE
2.8 yrs

Alberto Goretti Goretti

TITLE
Investor Relations Director
AGE
40
Board of Directors Tenure

Average tenure and age of the Coima Res board of directors in years:

4.5
Average Tenure
51
Average Age
  • The tenure for the Coima Res board of directors is about average.
Board of Directors

Caio Capuano

TITLE
Chairman of the Board
COMPENSATION
€150K
AGE
65
TENURE
4.5 yrs

Manfredi Catella

TITLE
Founder
COMPENSATION
€775K
AGE
51
TENURE
4.8 yrs

Feras Al-Naama

TITLE
Independent Vice Chairman
COMPENSATION
€40K
AGE
28
TENURE
4.5 yrs

Massimo Laconca

TITLE
Chairman of the Board of Statutory Auditors
AGE
56

Alessandra Stabilini

TITLE
Non-Executive Independent Director
COMPENSATION
€42K
AGE
49
TENURE
4.5 yrs

Agostino Ardissone

TITLE
Non-Executive Independent Director
COMPENSATION
€40K
AGE
73
TENURE
4.5 yrs

Olivier Elamine

TITLE
Non-Executive Independent Director
COMPENSATION
€40K
AGE
47
TENURE
2.9 yrs

Luciano Gabriel

TITLE
Non-Executive Independent Director
COMPENSATION
€40K
AGE
66
TENURE
2.9 yrs

Ariela Caglio

TITLE
Independent Director
COMPENSATION
€22K
AGE
46
TENURE
2 yrs

Antonella Centra

TITLE
Independent Director
COMPENSATION
€21K
TENURE
1 yrs
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 (€)
04. Jul 19 Buy Manfredi Catella Individual 03. Jul 19 03. Jul 19 66,372 €7.91 €524,870
X
Management checks
We assess Coima Res'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. Coima Res 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.

CRESM News

Simply Wall St News

CRESM Company Info

Description

COIMA RES is a real estate company listed on Borsa Italiana. COIMA RES manages real estate assets in Italy, primarily focusing on commercial properties. The company operates with the beneficial tax status granted to SIIQs (Società di Investimento Immobiliare Quotate), which is equivalent to the Real Estate Investment Trust (REIT) regime in other jurisdictions. The investment strategy of COIMA RES is focused on creating a high-quality portfolio of real estate assets with the objective of offering stable and sustainable returns to investors.

Details
Name: Coima Res S.p.A.
CRESM
Exchange: BATS-CHIXE
Founded: 2015
€236,859,020
36,106,558
Website: http://www.coimares.com
Address: Coima Res S.p.A.
Via della Moscova no. 18,
Milan,
Milan, 20121,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT CRES Common Shares Borsa Italiana IT EUR 13. May 2016
DB 7CO Common Shares Deutsche Boerse AG DE EUR 13. May 2016
LSE 0RGG Common Shares London Stock Exchange GB EUR 13. May 2016
BATS-CHIXE CRESM Common Shares BATS 'Chi-X Europe' GB EUR 13. May 2016
Number of employees
Current staff
Staff numbers
5
Coima Res employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 21:54
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/21
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.