IMMO.BR
Strong BuyUnloved QualityFLAGImmobel SA · Real Estate · Belgium · $215M · Avg Vol: $88K/d
Unloved Quality: Strong and cheap, but the market has not turned yet. Patience required.
Immobel has value V75 and quality exactly at Q60, but momentum at M39 is well below the calibrated floor. A 2.5% forward-EPS cut is separately adverse.
The ranks quoted here are from the day it was written; today's Quality, Value and Momentum are the bars above.
ABOUT IMMOBEL SA
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Immobel SA is the largest listed real estate developer in Belgium, specializing in large-scale residential, office, and mixed-use urban projects across Europe. The company competitive advantage is driven by its extensive land bank, deep regulatory expertise, and a strong focus on sustainable, green-certified urban developments. It operates as a leading player in the European property development market, with a pipeline concentrated in prime metropolitan locations.
FINANCIAL SUMMARY (EUR)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | 236.3M | 156.4M | 377.5M | 333.9M | 12.2% | 336.1M | 448.5M | 487.3M | 20.8% |
| EPS (EUR) | 8.95 | 1.04 | -3.73 | -9.33 | 4.74 | -14.7% | 2.87 | 4.65 | 6.78 | 19.6% |
| Shares | — | 10.3M | 10.3M | 10.2M | 10.2M | -0.7% | 10.2M | — | — | — |
| Debt | — | 902.5M | 964.1M | 982.6M | 776.5M | -4.9% | 784.4M | — | — | — |
| Equity | — | 556.6M | 484.8M | 381.5M | 433.5M | -8.0% | — | — | — | — |
| Op CF | — | -80.0M | -125.4M | 55.0M | 157.5M | 186.7% | 158.6M | — | — | — |
| Inv CF | — | 86.7M | -17.0M | 15.7M | 27.7M | — | — | — | — | — |
| Fin CF | — | -8.3M | -1.5M | -20.9M | -241.7M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of IMMO.BR are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| IMMO.BR | Immobel SA(you) | $215M | 84 | Strong Buy |
| ATEB.BR | Atenor SA | $73M | 11 | Strong Sell |
| ASCE.BR | Ascencio SA | $415M | 91 | Strong Buy |
| WEB.BR | Warehouses Estates Belgium S.C.A. | $152M | 71 | Buy |
| WEHB.BR | Wereldhave Belgium | $685M | 84 | Strong Buy |
| QRF.BR | Qrf Comm. VA | $148M | 67 | Buy |
| NEXTA.BR | Nextensa NV/SA | $524M | 77 | Buy |
| HOMI.BR | Home Invest Belgium S.A. | $401M | 64 | Hold |
| TEXF.BR | Texaf S.A. | $154M | 55 | Hold |
| RET.BR | Retail Estates N.V. | $1.1B | 89 | Strong Buy |
Peer medians: ROE 8.3% · P/E 8.6x · Gross margin 86.7%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.