Covivio Hotels SCA
PAR:COVH

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Covivio Hotels SCA
PAR:COVH
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Price: 23.5 EUR -0.42% Market Closed
Market Cap: €3.7B

EV/OCF

19.6
Current
24%
More Expensive
vs 3-y average of 15.8

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.

EV/OCF
19.6
=
Enterprise Value
€6.2B
/
Operating Cash Flow
€311.2m

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.

EV/OCF
19.6
=
Enterprise Value
€6.2B
/
Operating Cash Flow
€311.2m

Valuation Scenarios

Covivio Hotels SCA is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (15.8), the stock would be worth €19.01 (19% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-49%
Maximum Upside
No Upside Scenarios
Average Downside
27%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 19.6 €23.5
0%
3-Year Average 15.8 €19.01
-19%
5-Year Average 17.7 €21.22
-10%
Industry Average 13.4 €16.04
-32%
Country Average 9.9 €11.93
-49%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
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Market Distribution

Higher than 77% of companies in France
Percentile
77th
Based on 1 497 companies
77th percentile
19.6
Low
0.3 — 6.5
Typical Range
6.5 — 15.7
High
15.7 —
Distribution Statistics
France
Min 0.3
30th Percentile 6.5
Median 9.9
70th Percentile 15.7
Max 2 301.8

Covivio Hotels SCA
Glance View

Market Cap
3.7B EUR
Industry
Real Estate

Covivio Hotels SCA represents a distinct blend of hospitality and real estate, operating as one of Europe's premier hotel investment firms. With a portfolio that spans across strategic locations in major European cities, Covivio Hotels strategically aligns with renowned hotel operators, maintaining a diversified collection of properties ranging from budget-friendly to luxury brands. The company doesn’t just own properties; it forges key partnerships with hotel operators like Accor, InterContinental, and Hilton, leasing its assets to these dependable operators. This model ensures a steady stream of rental income, minimizing operational risks and allowing Covivio to focus on asset management and property value enhancement. The firm’s financial engine runs significantly on the success of its lease agreements, where adaptability and resilience have been paramount, especially in challenging economic climates. By structuring leases that include variable components linked to hotel performance, Covivio Hotels aligns its interests with those of its operators, enabling it to capitalize on the industry's growth while balancing risk during downturns. Additionally, Covivio engages in active management and redevelopment of its assets, ensuring they remain competitive and appealing to both partners and patrons. This approach not only boosts the value of its holdings but also strengthens its market position as a key player in the European hotel real estate market.

COVH Intrinsic Value
33.5 EUR
Undervaluation 30%
Intrinsic Value
Price €23.5
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