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Immobiliere Dassault

BATS-CHIXE:IMDAP
Snowflake Description

Acceptable track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IMDAP
BATS-CHIXE
€424M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Immobiliere Dassault SA, a real estate company, owns and manages office and residential real estate properties. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
IMDAP Share Price and Events
7 Day Returns
0%
BATS-CHIXE:IMDAP
-1.6%
GB REITs
2.2%
GB Market
1 Year Returns
-
BATS-CHIXE:IMDAP
6.4%
GB REITs
5.8%
GB Market
IMDAP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Immobiliere Dassault (IMDAP) 0% 0% - - - -
GB REITs -1.6% 5.5% 7.3% 6.4% 10% 7.6%
GB Market 2.2% 1.6% -0.9% 5.8% 5.2% 3.7%
1 Year Return vs Industry and Market
  • No trading data on IMDAP.
  • No trading data on IMDAP.
Price Volatility
IMDAP
Industry
5yr Volatility vs Market
Related Companies

IMDAP Value

 Is Immobiliere Dassault 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 Immobiliere Dassault 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 Immobiliere Dassault.

BATS-CHIXE:IMDAP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € 1.240000
Payout Ratio Company Filings (2019-06-30) 2649.8%
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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:IMDAP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.475 (1 + (1- 33%) (65.82%))
0.608
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)
= 1.23% + (0.8 * 6.65%)
6.55%

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

The calculations below outline how an intrinsic value for Immobiliere Dassault 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:IMDAP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €1.24 / (6.55% - 1.23%)
€27.41
BATS-CHIXE:IMDAP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:IMDAP represents 1.05555x of ENXTPA:IMDA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.05555x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 24.60 x 1.05555
€25.97
Value per share (EUR) From above. €25.97
Current discount Discount to share price of €66.50
= -1 x (€66.50 - €25.97) / €25.97
-156.1%

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

  • The current share price of Immobiliere Dassault is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Immobiliere Dassault's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Immobiliere Dassault's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:IMDAP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €4.67
ENXTPA:IMDA Share Price ** ENXTPA (2019-07-29) in EUR €63
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 40 Publicly-Listed REITs Companies 13.7x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 16.9x

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

** Primary Listing of Immobiliere Dassault.

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

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

= 63 ÷ 4.67

13.48x

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

  • Immobiliere Dassault is good value based on earnings compared to the GB REITs industry average.
  • Immobiliere Dassault is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Immobiliere Dassault's expected growth come at a high price?
Raw Data
BATS-CHIXE:IMDAP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
1.1%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 1.21x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 557 Publicly-Listed Companies 1.37x

*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 Immobiliere Dassault, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Immobiliere Dassault's assets?
Raw Data
BATS-CHIXE:IMDAP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €57.40
ENXTPA:IMDA Share Price * ENXTPA (2019-07-29) in EUR €63
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 53 Publicly-Listed REITs Companies 0.95x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,302 Publicly-Listed Companies 1.51x
BATS-CHIXE:IMDAP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 63 ÷ 57.40

1.1x

* Primary Listing of Immobiliere Dassault.

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

  • Immobiliere Dassault is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess Immobiliere Dassault'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. Immobiliere Dassault has a total score of 2/6, 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.

IMDAP Future Performance

 How is Immobiliere Dassault expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Immobiliere Dassault, future earnings growth has been estimated based on fundamentals.
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
1.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Immobiliere Dassault expected to grow at an attractive rate?
  • Immobiliere Dassault's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Immobiliere Dassault's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Immobiliere Dassault'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:IMDAP Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:IMDAP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 1.1%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:IMDAP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:IMDAP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 19 2 31
2019-03-31 17 2 30
2018-12-31 15 2 30
2018-09-30 15 5 25
2018-06-30 15 8 21
2018-03-31 16 9 25
2017-12-31 16 9 29
2017-09-30 16 11 30
2017-06-30 16 13 32
2017-03-31 16 12 35
2016-12-31 16 12 38
2016-09-30 16 10 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Immobiliere Dassault's earnings are expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Immobiliere Dassault 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:IMDAP 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 0 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:IMDAP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 4.67
2019-03-31 4.63
2018-12-31 4.58
2018-09-30 3.92
2018-06-30 3.25
2018-03-31 3.87
2017-12-31 4.49
2017-09-30 4.79
2017-06-30 5.10
2017-03-31 5.64
2016-12-31 6.18
2016-09-30 6.21

*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 Immobiliere Dassault will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Immobiliere Dassault'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.
Immobiliere Dassault 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.

IMDAP Past Performance

  How has Immobiliere Dassault 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 Immobiliere Dassault'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.
  • Immobiliere Dassault's year on year earnings growth rate has been positive over the past 5 years.
  • Immobiliere Dassault's 1-year earnings growth exceeds its 5-year average (48.2% vs 3%)
  • Immobiliere Dassault's earnings growth has exceeded the GB REITs industry average in the past year (48.2% vs -16.8%).
Earnings and Revenue History
Immobiliere Dassault'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 Immobiliere Dassault Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:IMDAP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 18.65 31.01
2019-03-31 16.81 30.45
2018-12-31 14.98 29.89
2018-09-30 14.96 25.40
2018-06-30 14.95 20.92
2018-03-31 15.63 24.71
2017-12-31 16.30 28.51
2017-09-30 16.20 30.26
2017-06-30 16.09 32.02
2017-03-31 16.05 35.24
2016-12-31 16.00 38.46
2016-09-30 15.76 38.48
2016-06-30 15.51 38.49
2016-03-31 15.38 36.99
2015-12-31 15.25 35.48
2015-09-30 14.42 30.11
2015-06-30 13.59 24.73
2015-03-31 12.55 20.71
2014-12-31 11.50 16.69
2014-09-30 11.36 20.97 -0.11
2014-06-30 11.22 25.24 -0.23
2014-03-31 11.92 17.48 -0.11
2013-12-31 12.62 9.72
2013-09-30 14.07 -0.77 0.47
2013-06-30 14.06 -1.05 0.46
2013-03-31 14.38 8.15 0.54
2012-12-31 14.70 17.36 0.62

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

IMDAP Health

 How is Immobiliere Dassault'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 Immobiliere Dassault's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Immobiliere Dassault's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Immobiliere Dassault's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Immobiliere Dassault'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 Immobiliere Dassault Company Filings, last reported 3 months ago.

BATS-CHIXE:IMDAP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 389.86 279.16 0.63
2019-03-31 389.86 279.16 0.63
2018-12-31 378.43 277.93 0.69
2018-09-30 378.43 277.93 0.69
2018-06-30 355.82 142.95 0.00
2018-03-31 355.82 142.95 0.00
2017-12-31 345.53 146.16 0.00
2017-09-30 345.53 146.16 0.00
2017-06-30 335.31 109.39 0.00
2017-03-31 335.31 109.39 0.00
2016-12-31 324.95 107.83 0.01
2016-09-30 324.95 107.83 0.01
2016-06-30 311.26 116.65 0.01
2016-03-31 311.26 116.65 0.01
2015-12-31 294.34 110.31 0.01
2015-09-30 294.34 110.31 0.01
2015-06-30 280.57 132.09 0.10
2015-03-31 280.57 132.09 0.10
2014-12-31 266.45 132.97 3.95
2014-09-30 266.45 132.97 3.95
2014-06-30 151.83 17.40 1.70
2014-03-31 151.83 17.40 1.70
2013-12-31 259.33 67.97 0.93
2013-09-30 113.46 68.60 0.93
2013-06-30 112.10 70.87 0.50
2013-03-31 112.10 70.87 0.50
2012-12-31 123.02 64.25 1.15
  • Immobiliere Dassault's level of debt (71.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.2% vs 71.6% today).
  • Debt is not well covered by operating cash flow (0.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Immobiliere Dassault'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. Immobiliere Dassault has a total score of 0/6, 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.

IMDAP Dividends

 What is Immobiliere Dassault'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
1.97%
Current annual income from Immobiliere Dassault dividends.
If you bought €2,000 of Immobiliere Dassault shares you are expected to receive €39 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?
  • Immobiliere Dassault's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.98%).
  • Immobiliere Dassault's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.38%).
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:IMDAP 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 4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 678 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:IMDAP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-26 1.240 1.950
2018-03-23 1.240 2.345
2017-03-22 2.160 4.727
2016-03-22 1.900 4.468
2016-03-14 1.900 4.749
2015-04-01 1.200 3.396
2014-04-03 1.600 5.611
2014-03-27 1.600 6.396
2013-04-04 1.500 6.449
2013-03-25 1.500 7.065
2012-04-19 0.800 4.390
2012-04-12 0.800 4.266
2011-04-28 0.300 1.562
2011-04-18 0.300 1.515
2010-04-29 0.250 1.185
2010-04-15 0.250 1.099
2009-04-30 0.200 1.070

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Immobiliere Dassault's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x 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 Immobiliere Dassault's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Immobiliere Dassault afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Immobiliere Dassault has a total score of 1/6, see the detailed checks below.


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

IMDAP Management

 What is the CEO of Immobiliere Dassault'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
Sandrine du Boullay
COMPENSATION €181,718
AGE 54
TENURE AS CEO 5.1 years
CEO Bio

Mrs. Sandrine Fougeirol du Boullay has been Chief Executive Officer and Member of the Executive Board at Immobiliere Dassault SA since September 10, 2014. Mrs. du Boullay is Manager of SCI 61 Monceau. She was an Associate at Bourdais Consultants Associés. She was Joint Chief Executive Officer of the Advisory Department at AD Valorem Expertise and Director of the Advisory and Audit Department at Crédit Foncier Immobilier. She was Chief Executive Officer at Expertise et Valorisation Foncières and Development Director at Cogetom. She holds a Masters’ Degree from Institut Supérior de Gestion.

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

Average tenure and age of the Immobiliere Dassault management team in years:

8.4
Average Tenure
56
Average Age
  • The average tenure for the Immobiliere Dassault management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sandrine du Boullay

TITLE
Chief Executive Officer and Member of the Executive Board
COMPENSATION
€182K
AGE
54
TENURE
5.1 yrs

Olivier de Beauregard

TITLE
Chairman of the Executive Board
COMPENSATION
€949K
AGE
59
TENURE
9.3 yrs

Josée Sulzer

TITLE
CFO & Member of the Executive Board
COMPENSATION
€306K
AGE
58

Carole Fiquemont

TITLE
Member of the Executive Board
COMPENSATION
€361K
AGE
54
TENURE
8.4 yrs
Board of Directors Tenure

Average tenure and age of the Immobiliere Dassault board of directors in years:

0.8
Average Tenure
59
Average Age
  • The average tenure for the Immobiliere Dassault board of directors is less than 3 years, this suggests a new board.
Board of Directors

Laurent Dassault

TITLE
Chairman of Supervisory Board
COMPENSATION
€7K
AGE
66
TENURE
13.3 yrs

Marie-Hélène Habert-Dassault

TITLE
Vice President of the Supervisory Board
COMPENSATION
€4K
AGE
53
TENURE
0.8 yrs

Adrien Dassault

TITLE
Member of the Supervisory Board
COMPENSATION
€5K
AGE
35
TENURE
7.4 yrs

Benoît Fournial

TITLE
Independent Member of Supervisory Board
COMPENSATION
€26K
AGE
62
TENURE
13.2 yrs

Muriel Aubry

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€10K
AGE
56
TENURE
4.4 yrs

Anne-Sophie Maisonrouge

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€12K

Thierry Dassault

TITLE
Supervisory Board Member
COMPENSATION
€3K
TENURE
0.8 yrs

Christian Peugeot

TITLE
Supervisory Board Member
COMPENSATION
€8K
AGE
66
TENURE
0.8 yrs

Jean-Baptiste Duzan

TITLE
Supervisory Board Member
TENURE
0.8 yrs

Stéphanie Casciola

TITLE
Supervisory Board Member
COMPENSATION
€4K
TENURE
0.8 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 Immobiliere Dassault'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. Immobiliere Dassault 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.

IMDAP News

Simply Wall St News

IMDAP Company Info

Description

Immobiliere Dassault SA, a real estate company, owns and manages office and residential real estate properties. The company is based in Paris, France.

Details
Name: Immobiliere Dassault SA
IMDAP
Exchange: BATS-CHIXE
Founded:
€424,127,340
6,732,180
Website: http://www.immobiliere-dassault.com
Address: Immobiliere Dassault SA
9, rond point des Champs-Élysées,
Marcel Dassault,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA IMDA Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
BATS-CHIXE IMDAP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
10
Immobiliere Dassault employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/26 19:39
End of day share price update: 2019/07/29 00:00
Last earnings filing: 2019/09/13
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.