Covivio SA
PAR:COV
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Fresenius SE & Co KGaA
XETRA:FRE
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DE |
EV/OCF
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Valuation Scenarios
If EV/OCF returns to its 3-Year Average (14.5), the stock would be worth €46.5 (18% downside from current price).
| Scenario | EV/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 17.8 | €56.95 |
0%
|
| 3-Year Average | 14.5 | €46.5 |
-18%
|
| 5-Year Average | 18 | €57.79 |
+1%
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| Industry Average | 13.4 | €42.85 |
-25%
|
| Country Average | 9.9 | €31.88 |
-44%
|
Forward EV/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | EV/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| FR |
|
Covivio SA
PAR:COV
|
6.3B EUR | 17.8 | 8.5 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9B USD | 19.7 | 32.6 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
7.9B USD | 13.5 | -5.5 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.1T JPY | 19.1 | 26.7 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7.1B USD | 31 | 46.9 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.5B USD | 9.4 | 6.6 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
853.7B JPY | 18.7 | 23.3 | |
| AU |
|
Dexus
ASX:DXS
|
6.6B AUD | 15 | 12.9 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.4B | 0 | 0 | |
| JP |
|
Kenedix Office Investment Corp
TSE:8972
|
668.9B JPY | 13.2 | 19.8 | |
| US |
|
Cousins Properties Inc
NYSE:CUZ
|
4.1B USD | 18.4 | 101.4 |
Market Distribution
| Min | 0.3 |
| 30th Percentile | 6.5 |
| Median | 9.9 |
| 70th Percentile | 15.7 |
| Max | 2 301.8 |
Other Multiples
Covivio SA
Glance View
Covivio SA, once a modest player in the realm of real estate, has transformed itself into a formidable European powerhouse, bridging the worlds of luxury hotels, cutting-edge office spaces, and high-quality residential properties. This French company, established with a vision of integration and versatility, artfully maneuvers through Europe's top urban landscapes like Paris, Berlin, and Milan. Covivio astutely invests in and manages ultramodern office spaces tailored to the shifting demands of businesses, acquiring long-term leases with reputable tenants. This strategic foresight translates into a steady flow of rental income, which remains a cornerstone of its revenue model. In addition to its office portfolio, Covivio has smartly diversified into the hotel sector, capitalizing on Europe’s robust tourism industry. By forging alliances with renowned hospitality chains, Covivio ensures its properties resonate with a mix of historic charm and contemporary allure, attracting both leisure and business travelers. The company’s residential initiatives further complement its business blueprint; by fostering urban regeneration and sustainable living, Covivio taps into the growing demand for eco-friendly urban housing. Through effective asset management and dynamic portfolio strategies, Covivio crafts a balanced mix of consistent rental income and value accretive opportunities, securing its stature and growth in the competitive European real estate market.