What is Icade's (ICAD.PA) StockRank?

MoatMap's StockRank for Icade (ICAD.PA) is 77/100, with a Buy signal. This is a composite score combining Quality (38), Value (66), and Momentum (60) factor ranks across MoatMap's 20,000+ stock universe.

Does Icade have an economic moat?

Icade (ICAD.PA) has a Quality factor score of 38/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Icade a buy, hold, or sell?

MoatMap's current signal for Icade (ICAD.PA) is Buy, based on a StockRank of 77/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Icade in?

Icade (ICAD.PA) operates in the Real Estate sector, specifically the REIT - Diversified industry (France).

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ICAD.PA

BUYREMOVE

Icade · Real Estate · France · $1.9B · Avg Vol: $3M/d

StockRank

P/E (TTM)

—

ROE

-3.0%

D/E

1.1x

Dividend %

9.0%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Icade is a French real estate investment trust with heavy exposure to office properties. It faces structural headwinds from remote work, high leverage, and rising interest rates, making it a value trap.

COMPANY DESCRIPTION

Icade is a prominent French Real Estate Investment Trust (REIT) focused on investing in office properties in major French cities and developing large-scale urban regeneration projects. Its competitive moat is established via a high-quality, green-certified office portfolio in key commercial hubs, paired with long-term, inflation-indexed institutional leases. Icade is a key player in French commercial real estate, executing active asset recycling to maximize shareholder value.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR
Revenue	1.8B	1.8B	1.7B	1.6B	-5.1%
EPS	0.82	-19.17	-4.23	-1.88	—
Shares	76M	76M	76M	76M	0.0%
Debt	9.3B	6.0B	5.5B	5.0B	-18.5%
Equity	7.7B	5.8B	5.0B	4.5B	-16.2%
Op CF	363M	358M	426M	349M	-1.3%
Inv CF	106M	1.2B	-54M	-74M	—
Fin CF	23M	-1.0B	-691M	-689M	—

PRICE (1M)+4.2%

SMA 50SMA 200

$24.49

RSI (14)

54.2

52W High

$28.02

From 52W High

0.9%

SCORE BREAKDOWN

Quality

ROIC

-0.4%11.8

ROE

-3.0%13.4

GP/Assets

4.9%40.3

Op. Margin

19.9%42.3

FCF/Assets

7.2%86.0

Piotroski

—56.8

Int. Cover

-0.3x11.1

D/E Ratio

1.12x33.6

Current Ratio

1.17x45.8

Value

P/E (TTM)

—N/A

EV/EBITDA

18.0x41.4

P/FCF

2.0x93.2

P/B

0.4x85.5

P/S

1.2x77.3

Div Yield

9.0%90.6

Momentum

52W High %

87%60.4

RS 6M

-3%69.4

SMA 50/200

0.99x47.4

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+274%91.3

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$1.9B

P/E (Forward)

7.5x

Gross Margin

34.8%

SECTOR PEERS

Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of ICAD.PA are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
ICAD.PA	Icade(you)	$1.9B	77	BUY
COV.PA	Covivio	$7.1B	79	BUY
ARG.PA	Argan SA	$1.8B	75	BUY
MERY.PA	Mercialys SA	$1.3B	82	STRONG BUY
CARM.PA	Carmila S.A.	$2.7B	86	STRONG BUY
BASS.PA	BASSAC Société anonyme	$870M	69	BUY
GFC.PA	Gecina	$6.4B	67	BUY
EIFF.PA	Société de la Tour Eiffel	$1.3B	38	HOLD
ALTA.PA	Altarea SCA	$3.0B	38	HOLD
LI.PA	Klépierre SA	$11.7B	97	STRONG BUY

Peer medians: ROE 6.2% · P/E 8.7x · Gross margin 72.3%

Icade (ICAD.PA) — Stock Score Summary

Icade (ICAD.PA) has a MoatMap StockRank of 77/100 based on Quality (38/100), Value (66/100), and Momentum (60/100) factor scores. The current signal is BUY. Icade is a French real estate investment trust with heavy exposure to office properties. It faces structural headwinds from remote work, high leverage, and rising interest rates, making it a value trap.

Key Financial Metrics

Price	$24.49
Market Cap	$1.9B
P/E (Forward)	7.53
Price/Book	0.42
Return on Equity	-3.0%
Return on Invested Capital	-0.4%
Debt/Equity	111.53
Gross Margin	34.8%
Operating Margin	19.9%
Revenue Growth	-0.3%
Dividend Yield	9.0%
Free Cash Flow	$938M

Icade operates in the REIT - Diversified industry, part of the Real Estate sector (France).

Frequently Asked Questions

What is Icade’s (ICAD.PA) StockRank?: MoatMap’s StockRank for Icade (ICAD.PA) is 77/100, with a Buy signal. It is a composite of Quality (38), Value (66), and Momentum (60) factor ranks across MoatMap’s 20,000+ stock universe.
Does Icade have an economic moat?: Icade (ICAD.PA) has a Quality factor score of 38/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Icade a buy, hold, or sell?: MoatMap’s current signal for Icade (ICAD.PA) is Buy, based on a StockRank of 77/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Icade in?: Icade (ICAD.PA) operates in the Real Estate sector, specifically the REIT - Diversified industry (France).