Valuation Covivio

Stocks

Market Closed - Euronext Paris Other stock markets 18:55:00 17/07/2026 +03			5-day change	1st Jan Change
52.55 ^EUR	+1.55%		-1.50%	-7.24%

07-01	Delfin deadlocked, Del Vecchio skips meeting as heirs approve 2025 accounts	AN
06-19	Covivio Maintained Among Deloitte France’s “Best Managed Companies”

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	6,813	5,199	4,872	5,403	6,274	5,821	-	-
Change	-	-23.69%	-6.29%	10.89%	16.12%	-7.22%	-	-
Enterprise Value (EV) ¹	17,785	5,199	11,797	12,248	13,335	14,502	14,724	14,759
Change	-	-70.77%	126.9%	3.82%	8.88%	8.75%	1.53%	0.24%
P/E	7.37x	8.39x	-3.34x	76.5x	8.5x	11.2x	9.33x	6.92x
PBR	0.79x	0.55x	0.6x	0.66x	0.73x	0.56x	0.55x	0.52x
PEG	-	-0.3x	0x	-1x	0x	-0.4x	0.5x	0.2x
Capitalization / Revenue	11.5x	8.57x	7.91x	5.4x	9.88x	6.32x	5.35x	5.73x
EV / Revenue	29.9x	8.57x	19.2x	12.2x	21x	15.8x	13.5x	14.5x
EV / EBITDA	32.6x	9.73x	21.4x	20.9x	20.7x	20.9x	20.4x	18.7x
EV / EBIT	35.7x	10x	22.3x	21.4x	21.7x	20.5x	19x	16.6x
EV / FCF	24.8x	-	34x	31.8x	55.6x	-68.4x	-67.5x	264x
FCF Yield	4.03%	-	2.94%	3.14%	1.8%	-1.46%	-1.48%	0.38%
Dividend per Share ²	3.75	3.75	3.3	3.5	3.75	3.931	4.028	4.164
Rate of return	5.19%	6.76%	6.78%	7.18%	6.62%	7.48%	7.66%	7.92%
EPS ²	9.791	6.606	-14.55	0.637	6.667	4.707	5.633	7.599
Distribution rate	38.3%	56.8%	-22.7%	549%	56.2%	83.5%	71.5%	54.8%
Net sales ¹	594.6	606.8	615.6	1,000	634.8	920.5	1,088	1,016
EBITDA ¹	545.6	534.3	551	587	643	693	722	790
EBIT ¹	498	517.5	530	571.8	615.7	707.9	776	887.6
Net income ¹	923.6	620.7	-1,419	68.1	738.7	854	700.6	654
Net Debt ¹	10,972	-	6,925	6,845	7,061	8,681	8,903	8,938
Reference price ²	72.20	55.45	48.68	48.76	56.65	52.55	52.55	52.55
Nbr of stocks (in thousands)	94,369	93,764	100,084	110,805	110,750	110,776	-	-
Announcement Date	2/22/22 A	2/21/23 A	2/15/24 A	2/19/25 A	2/18/26 A	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
COVIVIO	11.16x	15.76x	20.93x	7.48%	6.66B
REALTY INCOME CORPORATION	41.99x	16.08x	16.66x	4.98%	61.27B
UNIBAIL-RODAMCO-WESTFIELD SE	9.39x	12.65x	15.79x	5.3%	17.1B
SEGRO PLC	12.27x	23.11x	27.22x	3.65%	16.34B
CAPITALAND INTEGRATED COMMERCIAL TRUST	20.41x	17.18x	25.18x	4.85%	15.22B
KLÉPIERRE	10.86x	13.69x	16.4x	5.19%	12.38B
FEDERAL REALTY INVESTMENT TRUST	32.53x	11.61x	18.32x	3.6%	10.89B
MERLIN PROPERTIES SOCIMI, S.A.	7.94x	22.45x	30.39x	2.81%	10.65B
CAPITALAND ASCENDAS REIT	16.07x	12.35x	19.29x	6.08%	9.71B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	24.35x	7.28x	11.92x	5.74%	8.75B
Average	18.70x	15.21x	20.21x	4.97%	16.9B
Weighted average by Cap.	25.22x	15.77x	19.39x	4.86%