Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Eurocommercial Properties

BATS-CHIXE:ECMPAA
Snowflake Description

6 star dividend payer and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECMPAA
BATS-CHIXE
€477M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

At the outset Eurocommercial invested in a variety of countries, including France where the Company made its first investment in 1992 with the acquisition of Les Atlantes shopping centre in Tours. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
  • Eurocommercial Properties has significant price volatility in the past 3 months.
ECMPAA Share Price and Events
7 Day Returns
-5.7%
BATS-CHIXE:ECMPAA
6.6%
GB REITs
6%
GB Market
1 Year Returns
-62.8%
BATS-CHIXE:ECMPAA
-20%
GB REITs
-22.7%
GB Market
ECMPAA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eurocommercial Properties (ECMPAA) -5.7% -51.9% -61.7% -62.8% -71.4% -77.5%
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
  • ECMPAA underperformed the REITs industry which returned -20% over the past year.
  • ECMPAA underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -22.7% over the past year.
Price Volatility
ECMPAA
Industry
5yr Volatility vs Market

ECMPAA Value

 Is Eurocommercial Properties 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 Eurocommercial Properties 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 Eurocommercial Properties.

BATS-CHIXE:ECMPAA 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 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.9%
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:ECMPAA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
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- 25%) (395.13%))
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 * 5.44%)
4.88%

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

BATS-CHIXE:ECMPAA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:ECMPAA represents 0.9943x of ENXTAM:ECMPA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9943x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 68.89 x 0.9943
€68.49
Value per share (EUR) From above. €68.49
Current discount Discount to share price of €9.60
= -1 x (€9.60 - €68.49) / €68.49
86%

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

Current Discount
Amount off the current price Eurocommercial Properties is available for.
Intrinsic value
>50%
Share price is €9.6 vs Future cash flow value of €68.49
Current Discount Checks
For Eurocommercial Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eurocommercial Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eurocommercial Properties's share price is below the future cash flow value, and 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 Eurocommercial Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eurocommercial Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:ECMPAA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.33
ENXTAM:ECMPA Share Price ** ENXTAM (2020-03-27) in EUR €9.65
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 Eurocommercial Properties.

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

= ENXTAM:ECMPA Share Price ÷ EPS (both in EUR)

= 9.65 ÷ 2.33

4.14x

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

  • Eurocommercial Properties is good value based on earnings compared to the GB REITs industry average.
  • Eurocommercial Properties is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Eurocommercial Properties's expected growth come at a high price?
Raw Data
BATS-CHIXE:ECMPAA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-6.3%per year
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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.14x ÷ -6.3%

-0.66x

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

  • Eurocommercial Properties 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 Eurocommercial Properties's assets?
Raw Data
BATS-CHIXE:ECMPAA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €37.80
ENXTAM:ECMPA Share Price * ENXTAM (2020-03-27) in EUR €9.65
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:ECMPAA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:ECMPA Share Price ÷ Book Value per Share (both in EUR)

= 9.65 ÷ 37.80

0.26x

* Primary Listing of Eurocommercial Properties.

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

  • Eurocommercial Properties is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess Eurocommercial Properties'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. Eurocommercial Properties has a total score of 5/6, 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.

ECMPAA Future Performance

 How is Eurocommercial Properties expected to perform in the next 1 to 3 years based on estimates from 5 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
-6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eurocommercial Properties expected to grow at an attractive rate?
  • Eurocommercial Properties'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
  • Eurocommercial Properties'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.
  • Eurocommercial Properties'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:ECMPAA Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:ECMPAA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -6.3%
BATS-CHIXE:ECMPAA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -3.9%
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:ECMPAA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 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:ECMPAA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 189 122 36 2
2021-06-30 190 116 -46 5
2020-06-30 187 117 -76 4
2020-03-29
BATS-CHIXE:ECMPAA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 244 115 115
2019-09-30 236 121 47
2019-06-30 234 111 75
2019-03-31 230 115 43
2018-12-31 229 122 57
2018-09-30 234 110 79
2018-06-30 231 108 72
2018-03-31 238 91 186
2017-12-31 235 90 185
2017-09-30 232 86 270
2017-06-30 228 86 261
2017-03-31 223 93 230

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eurocommercial Properties's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Eurocommercial Properties'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:ECMPAA 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 5 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:ECMPAA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.71 3.52 -2.11 2.00
2021-06-30 -0.82 1.32 -3.16 3.00
2020-06-30 -1.55 -1.55 -1.55 1.00
2020-03-29
BATS-CHIXE:ECMPAA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 2.33
2019-09-30 0.95
2019-06-30 1.50
2019-03-31 0.87
2018-12-31 1.16
2018-09-30 1.60
2018-06-30 1.47
2018-03-31 3.80
2017-12-31 3.81
2017-09-30 5.56
2017-06-30 5.39
2017-03-31 4.77

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

ECMPAA Past Performance

  How has Eurocommercial Properties 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 Eurocommercial Properties'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.
  • Eurocommercial Properties's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Eurocommercial Properties's 1-year earnings growth exceeds its 5-year average (100.1% vs -14.3%)
  • Eurocommercial Properties's earnings growth has exceeded the GB REITs industry average in the past year (100.1% vs -21.6%).
Earnings and Revenue History
Eurocommercial Properties'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 Eurocommercial Properties Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ECMPAA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 243.55 115.04 16.10
2019-09-30 236.43 46.89 16.35
2019-06-30 234.28 74.59 16.57
2019-03-31 230.40 43.00 16.65
2018-12-31 229.34 57.49 16.33
2018-09-30 233.53 78.89 16.14
2018-06-30 231.36 72.06 15.94
2018-03-31 238.48 185.67 14.67
2017-12-31 234.80 184.72 14.78
2017-09-30 231.96 269.61 14.54
2017-06-30 228.45 260.75 14.41
2017-03-31 222.93 229.85 15.63
2016-12-31 221.77 206.72 16.38
2016-09-30 216.54 219.78 16.37
2016-06-30 212.64 207.40 16.03
2016-03-31 203.30 244.70 15.00
2015-12-31 198.29 229.46 14.62
2015-09-30 198.79 168.25 14.13
2015-06-30 197.54 167.77 13.89
2015-03-31 199.57 81.04 13.61
2014-12-31 198.45 96.60 12.83
2014-09-30 198.82 82.15 12.91
2014-06-30 201.27 99.79 13.07
2014-03-31 202.13 123.66 12.77
2013-12-31 202.89 148.67 12.28
2013-09-30 202.47 138.96 12.83
2013-06-30 201.01 123.31 12.34
2013-03-31 198.79 60.67 14.12

*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.
  • Eurocommercial Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eurocommercial Properties used its assets less efficiently than the GB REITs industry average last year based on Return on Assets.
  • Eurocommercial Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eurocommercial Properties'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.
Eurocommercial Properties 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.

ECMPAA Health

 How is Eurocommercial Properties'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 Eurocommercial Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eurocommercial Properties's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Eurocommercial Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eurocommercial Properties'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 0x 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 Eurocommercial Properties Company Filings, last reported 2 months ago.

BATS-CHIXE:ECMPAA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,935.35 1,880.24 32.05
2019-09-30 1,965.00 1,841.28 62.14
2019-06-30 1,906.56 2,033.51 65.18
2019-03-31 1,886.74 1,993.15 28.31
2018-12-31 1,876.03 2,006.64 56.35
2018-09-30 1,980.45 1,841.02 35.88
2018-06-30 1,939.78 1,847.96 34.01
2018-03-31 1,944.95 2,040.01 30.95
2017-12-31 1,933.97 1,507.60 47.14
2017-09-30 2,007.30 1,569.14 50.22
2017-06-30 1,973.69 1,617.51 77.99
2017-03-31 1,862.68 1,573.25 17.39
2016-12-31 1,831.67 1,586.96 25.16
2016-09-30 1,808.47 1,483.95 56.79
2016-06-30 1,791.67 1,580.15 124.43
2016-03-31 1,716.40 1,409.31 21.91
2015-12-31 1,709.67 1,563.28 45.72
2015-09-30 1,662.60 1,275.94 150.92
2015-06-30 1,658.25 1,292.30 131.00
2015-03-31 1,365.29 1,362.86 23.59
2014-12-31 1,354.66 1,366.16 56.77
2014-09-30 1,381.05 1,323.13 83.15
2014-06-30 1,386.63 1,305.62 27.22
2014-03-31 1,376.84 1,309.48 94.93
2013-12-31 1,372.26 1,283.79 59.25
2013-09-30 1,399.17 1,373.73 36.17
2013-06-30 1,366.06 1,407.27 15.00
2013-03-31 1,323.61 1,345.41 55.66
  • Eurocommercial Properties's level of debt (97.2%) 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 (100.8% vs 97.2% today).
  • Debt is not well covered by operating cash flow (6.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Eurocommercial Properties'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. Eurocommercial Properties has a total score of 1/6, 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.

ECMPAA Dividends

 What is Eurocommercial Properties'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
22.59%
Current annual income from Eurocommercial Properties dividends. Estimated to be 20.62% next year.
If you bought €2,000 of Eurocommercial Properties shares you are expected to receive €452 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?
  • Eurocommercial Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.7%).
  • Eurocommercial Properties's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.3%).
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:ECMPAA 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 5 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:ECMPAA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 2.20 4.00
2021-06-30 1.98 6.00
2020-06-30 1.84 5.00
2020-03-29
BATS-CHIXE:ECMPAA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-09-20 2.180 10.002
2019-08-30 2.180 9.090
2018-09-21 2.150 8.206
2018-08-31 2.150 6.925
2017-08-25 2.100 5.907
2016-09-16 2.050 5.770
2016-08-26 2.050 5.073
2015-08-28 1.980 4.968
2014-09-19 1.940 5.083
2014-08-29 1.940 5.217
2013-08-30 1.920 5.965
2012-07-16 1.920 6.548
2011-08-26 1.880 6.986
2010-09-16 1.820 5.401
2010-08-27 1.820 5.784
2009-08-28 1.780 6.334

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 Eurocommercial Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (56.3x coverage).
X
Income/ dividend checks
We assess Eurocommercial Properties'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 Eurocommercial Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eurocommercial Properties has a total score of 6/6, see the detailed checks below.


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

ECMPAA Management

 What is the CEO of Eurocommercial Properties'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
Jeremy Lewis
COMPENSATION €1,081,000
AGE 74
CEO Bio

Mr. Jeremy P. Lewis serves as the Chief Executive Officer and Chairman of the Management Board of Eurocommercial Properties N.V. and has been its Member of Management Board since 1991. Mr. Lewis has almost 50 years international experience in commercial property and the running of quoted property investment vehicles. Mr. Lewis serves as the Chairman of Board of Stichting Prioriteitsaandelen of Eurocommercial Properties. Mr. Lewis is a Chartered Surveyor.

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

Average tenure and age of the Eurocommercial Properties management team in years:

1.3
Average Tenure
60
Average Age
  • The average tenure for the Eurocommercial Properties management team is less than 2 years, this suggests a new team.
Management Team

Jeremy Lewis

TITLE
Chairman of the Management Board & CEO
COMPENSATION
€1M
AGE
74

Evert van Garderen

TITLE
Finance Director & Member of Management Board
COMPENSATION
€704K
AGE
57

Peter Mills

TITLE
Member of the Board of Management
COMPENSATION
€510K
AGE
60
TENURE
1.3 yrs

Roberto Fraticelli

TITLE
Member of Board of Management
COMPENSATION
€589K
AGE
48
TENURE
1.3 yrs

Sergio Olgiati

TITLE
Administrative Director

Valerie Jacob

TITLE
Director of Investor Relations and Corporate Development

Tom Newton

TITLE
Consultant
AGE
61
TENURE
1.2 yrs

Pascal Le Goueff

TITLE
Head of Eurocommercial France & Director

Nicolas Bourimoff

TITLE
Leasing Director of France

Tom Agren

TITLE
Controller
Board of Directors Tenure

Average tenure and age of the Eurocommercial Properties board of directors in years:

5.3
Average Tenure
67
Average Age
  • The tenure for the Eurocommercial Properties board of directors is about average.
Board of Directors

Bas T. M. Bisschop

TITLE
Supervisory Board Chairman
COMPENSATION
€61K
AGE
70
TENURE
5.3 yrs

Jan-Åke Persson

TITLE
Supervisory Board Member
COMPENSATION
€47K
AGE
70
TENURE
6.3 yrs

Carlo Croff

TITLE
Supervisory Board Member
COMPENSATION
€47K
AGE
64
TENURE
6.3 yrs

Brigitte Carrière

TITLE
Supervisory Board Member
COMPENSATION
€47K
AGE
73
TENURE
5.3 yrs

Emmanuèle Attout

TITLE
Member of the Supervisory Board
COMPENSATION
€31K
AGE
60
TENURE
1.3 yrs

Karin Laglas

TITLE
Supervisory Director
AGE
60
TENURE
0.3 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 (€)
X
Management checks
We assess Eurocommercial Properties'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. Eurocommercial Properties 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.

ECMPAA News

Simply Wall St News

ECMPAA Company Info

Description

At the outset Eurocommercial invested in a variety of countries, including France where the Company made its first investment in 1992 with the acquisition of Les Atlantes shopping centre in Tours. In 1994 Eurocommercial purchased Curno in Bergamo, marking its first acquisition in Italy. Eurocommercial moved into the Swedish market in 2001. It recently re-entered the Belgian market in 2018 with the purchase of the Woluwe shopping centre. The Company is now one of Europe's most experienced property investors with a portfolio of shopping centres of €4.2 billion.

Details
Name: Eurocommercial Properties N.V.
ECMPAA
Exchange: BATS-CHIXE
Founded: 1991
€476,736,614
49,402,758
Website: http://www.eurocommercialproperties.com
Address: Eurocommercial Properties N.V.
Herengracht 469,
Amsterdam,
Noord-Holland, 1017 BS,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM ECMPA CVA EUR0.50 (REP 10 SHS) Euronext Amsterdam NL EUR 02. Jan 1992
OTCPK EUCM.F CVA EUR0.50 (REP 10 SHS) Pink Sheets LLC US USD 02. Jan 1992
DB N4S CVA EUR0.50 (REP 10 SHS) Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0LNI CVA EUR0.50 (REP 10 SHS) London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE ECMPAA CVA EUR0.50 (REP 10 SHS) BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
89
Eurocommercial Properties employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 19:39
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.