LAR ESPAÑA REAL ESTATE SOCIMI, S.A. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.86 EUR | -0.87% |
|
-2.14% | +11.38% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 629.2 | 396.2 | 427.8 | 353.1 | 514.3 | 578.7 | - | - |
| Enterprise Value (EV) 1 | 1,168 | 1,024 | 1,008 | 919.5 | 920.9 | 1,023 | 1,058 | 1,012 |
| P/E ratio | 7.89 x | -7.45 x | 16.5 x | 4.84 x | 14 x | 10.2 x | 9.19 x | 10 x |
| Yield | 8.84% | 6.72% | 7.03% | 14.2% | 12.8% | 9.9% | 9.54% | 10.3% |
| Capitalization / Revenue | 7.76 x | 4.25 x | 5.61 x | 4.4 x | 5.42 x | 6.08 x | 5.8 x | 5.67 x |
| EV / Revenue | 14.4 x | 11 x | 13.2 x | 11.5 x | 9.7 x | 10.7 x | 10.6 x | 9.92 x |
| EV / EBITDA | 19.4 x | 14.7 x | 19.9 x | 15.3 x | 14.1 x | 15 x | 14.8 x | 13.7 x |
| EV / FCF | -9.9 x | -62.9 x | 31.4 x | 21.6 x | 15.1 x | 18.9 x | 20.8 x | 22 x |
| FCF Yield | -10.1% | -1.59% | 3.18% | 4.62% | 6.62% | 5.28% | 4.82% | 4.55% |
| Price to Book | 0.63 x | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 88,615 | 84,837 | 83,562 | 83,580 | 83,625 | 83,630 | - | - |
| Reference price 2 | 7.100 | 4.670 | 5.120 | 4.225 | 6.150 | 6.920 | 6.920 | 6.920 |
| Announcement Date | 14/02/20 | 25/02/21 | 28/02/22 | 28/02/23 | 29/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 81.13 | 93.32 | 76.27 | 80.23 | 94.91 | 95.25 | 99.75 | 102 |
| EBITDA 1 | 60.09 | 69.7 | 50.69 | 60.02 | 65.38 | 68 | 71.75 | 73.67 |
| EBIT 1 | 60.09 | -30.96 | 49.39 | 92.6 | 25.03 | 67.98 | 74.38 | 73.67 |
| Operating Margin | 74.07% | -33.17% | 64.75% | 115.42% | 26.38% | 71.36% | 74.56% | 72.22% |
| Earnings before Tax (EBT) 1 | 79.63 | -53.7 | 24.16 | 72.92 | 35.67 | 57.67 | 59.67 | 61 |
| Net income 1 | 80.73 | -53.7 | 25.78 | 72.92 | 36.79 | 57.75 | 62.92 | 61.33 |
| Net margin | 99.51% | -57.54% | 33.8% | 90.89% | 38.76% | 60.63% | 63.08% | 60.13% |
| EPS 2 | 0.9000 | -0.6269 | 0.3100 | 0.8724 | 0.4400 | 0.6800 | 0.7533 | 0.6900 |
| Free Cash Flow 1 | -118 | -16.3 | 32.07 | 42.52 | 60.96 | 54 | 51 | 46 |
| FCF margin | -145.4% | -17.46% | 42.05% | 53% | 64.22% | 56.69% | 51.13% | 45.1% |
| FCF Conversion (EBITDA) | - | - | 63.27% | 70.83% | 93.23% | 79.41% | 71.08% | 62.44% |
| FCF Conversion (Net income) | - | - | 124.39% | 58.31% | 165.69% | 93.51% | 81.05% | 75% |
| Dividend per Share 2 | 0.6276 | 0.3138 | 0.3600 | 0.6000 | 0.7900 | 0.6850 | 0.6600 | 0.7100 |
| Announcement Date | 14/02/20 | 25/02/21 | 28/02/22 | 28/02/23 | 29/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 47.94 | 38.75 | 19.6 | 17.92 | 20.54 | 40.49 | 23.6 | - | - | 47.23 | 22.27 | - |
| EBITDA | 37.16 | 22.53 | 13.06 | 15.1 | 13.7 | 26.64 | 16.91 | 16.6 | 16.86 | 33.46 | 16.14 | 16.6 |
| EBIT | -18.72 | 14.96 | 13.06 | 21.36 | 54.76 | 67.7 | 16.91 | 16.6 | 4.784 | 21.38 | 16.12 | 16.6 |
| Operating Margin | -39.04% | 38.61% | 66.65% | 119.21% | 266.54% | 167.18% | 71.64% | - | - | 45.28% | 72.36% | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | 31.9 | 3.238 | 35.14 | 14.16 | 15.3 |
| Net income 1 | - | - | - | 11.46 | 48.28 | 54.86 | - | 31.9 | 3.238 | 35.14 | 15.26 | 15.3 |
| Net margin | - | - | - | 63.98% | 234.99% | 135.49% | - | - | - | 74.4% | 68.53% | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 29/07/20 | 30/09/21 | 14/12/21 | 28/02/22 | 29/07/22 | 29/07/22 | 21/11/22 | 19/05/23 | 28/07/23 | 28/07/23 | 24/11/23 | 24/05/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 539 | 628 | 580 | 566 | 407 | 444 | 480 | 433 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.962 x | 9.012 x | 11.45 x | 9.436 x | 6.218 x | 6.533 x | 6.686 x | 5.878 x |
| Free Cash Flow 1 | -118 | -16.3 | 32.1 | 42.5 | 61 | 54 | 51 | 46 |
| ROE (net income / shareholders' equity) | 8.21% | -5.92% | 3.03% | 8.25% | 4.09% | 6.47% | 7.13% | 6.9% |
| ROA (Net income/ Total Assets) | 4.7% | - | 1.51% | 4.26% | 2.29% | 3.5% | 3.9% | 3.7% |
| Assets 1 | 1,717 | - | 1,707 | 1,712 | 1,607 | 1,650 | 1,613 | 1,658 |
| Book Value Per Share | 11.20 | - | - | - | - | - | - | - |
| Cash Flow per Share | 0.1900 | - | - | 0.7100 | - | - | - | - |
| Capex 1 | 135 | 24.8 | - | 16.8 | 7.85 | 12 | 15 | 15.5 |
| Capex / Sales | 166.11% | 26.61% | - | 20.91% | 8.28% | 12.6% | 15.04% | 15.2% |
| Announcement Date | 14/02/20 | 25/02/21 | 28/02/22 | 28/02/23 | 29/02/24 | - | - | - |
1EUR in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
6.92
EUR
Average target price
8.088
EUR
Spread / Average Target
+16.87%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.38% | 619M | |
| +3.67% | 48.2B | |
| -11.97% | 12.65B | |
| -8.49% | 11.3B | |
| -27.14% | 10.32B | |
| -2.83% | 7.68B | |
| -3.78% | 6.75B | |
| -3.37% | 6.11B | |
| -7.84% | 5.74B | |
| -4.33% | 4.8B |
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- Financials Lar España Real Estate SOCIMI, S.A.
