ASCE.BR
Strong BuyFull HouseAI neutralAscencio SA · Real Estate · Belgium · $415M
EUR 51.50 -1.5% · close 5 Oct · scored 7 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
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Ascencio is a Belgian real estate investment company owning retail parks and supermarket-anchored properties in Belgium, France and Spain. It pays a high dividend (€4.45 per share) and recently bought the Papeteries de Genval site. Grocery-anchored retail property is defensive, but the shares tend to trade like a bond, and consensus earnings have slipped about 1.6% over the past month.
ABOUT ASCENCIO SA
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Ascencio SA is a Belgian REIT that invests in out-of-town commercial real estate, with a heavy concentration on supermarkets and essential retail parks in Belgium, France, and Luxembourg. The company competitive moat lies in its focus on food-anchored retail properties, which exhibit high resilience to economic downturns and e-commerce disruption. It operates as a defensive, income-oriented real estate player with a highly stable tenant base.
FINANCIAL SUMMARY (EUR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54.5M | 59.2M | 60.7M | 61.3M | 4.0% | 62.4M | 64.3M | 69.5M | 6.5% |
| EPS (EUR) | 13.74 | 5.13 | 3.87 | 5.40 | -26.8% | 5.54 | 5.65 | 5.30 | -0.9% |
| Shares | 6.6M | 6.6M | 6.6M | 6.6M | 0.0% | 6.9M | — | — | — |
| Debt | 326.7M | 320.5M | 311.7M | 297.3M | -3.1% | 337.1M | — | — | — |
| Equity | 437.0M | 444.8M | 442.9M | 450.2M | 1.0% | — | — | — | — |
| Op CF | 38.9M | 43.4M | 43.5M | 46.0M | 5.7% | 43.4M | — | — | — |
| Inv CF | -0.8M | -3.1M | -2.9M | 3.5M | — | — | — | — | — |
| Fin CF | -37.4M | -39.3M | -43.0M | -49.7M | — | — | — | — | — |
Calmer than 96% of stocks we rank over the past year (15% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of ASCE.BR are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| ASCE.BR | Ascencio SA(you) | $415M | 90 | Strong Buy |
| WEHB.BR | Wereldhave Belgium | $685M | 79 | Buy |
| RET.BR | Retail Estates N.V. | $1.1B | 85 | Strong Buy |
| QRF.BR | Qrf Comm. VA | $148M | 63 | Hold |
| CPINV.BR | Care Property Invest NV | $593M | 73 | Buy |
| IMMO.BR | Immobel SA | $215M | 79 | Buy |
| NEXTA.BR | Nextensa NV/SA | $524M | 66 | Buy |
| HOMI.BR | Home Invest Belgium S.A. | $401M | 61 | Hold |
| TEXF.BR | Texaf S.A. | $154M | 61 | Hold |
| WEB.BR | Warehouses Estates Belgium S.C.A. | $152M | 61 | Hold |
Peer medians: ROE 8.4% · P/E 7.7x · Gross margin 82.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.