A Business at a Glance
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COVIVIO operates in the REIT - Diversified industry, Real Estate sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | - | - | - | - |
| Net Income | 74M | 74M | -1.5B | 1.2B | 1.5B | 450M |
| EPS | $0.68 | $0.68 | $-15.80 | $6.92 | $11.48 | $4.39 |
| Free Cash Flow | 1.1B | 1.1B | 1.1B | 735M | 813M | 575M |
| ROIC | 4.9% | 2.0% | -6.0% | 2.3% | 4.7% | 2.4% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 1.27 | 1.35 | 0.83 | 0.87 | 0.98 |
| Dividends/Share | $4.99 | $4.99 | $3.26 | $3.25 | $4.03 | $5.77 |
| Operating Income | 513M | 513M | -1.8B | 853M | 1.7B | 869M |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 0.8% | 0.8% | -13.1% | 7.8% | 10.0% | 3.1% |
| Shares Outstanding | 106M | 106M | 98M | 174M | 132M | 100M |
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 869M | 1.7B | 853M | -1.8B | 513M | 513M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | 450M | 1.5B | 1.2B | -1.5B | 74M | 74M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | 2.4% | 4.7% | 2.3% | -6.0% | 2.0% | 4.9% |
| ROE | 3.1% | 10.0% | 7.8% | -13.1% | 0.8% | 0.8% |
| ROA | 1.4% | 4.7% | 3.9% | -5.5% | 0.3% | 0.3% |
| Cash Flow | ||||||
| Op. Cash Flow | 575M | 813M | 735M | 1.1B | 1.1B | 1.1B |
| Free Cash Flow | 575M | 813M | 735M | 1.1B | 1.1B | 1.1B |
| Owner Earnings | 490M | 714M | 667M | 1.0B | 1.1B | 1.1B |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 77M | 89M | 62M | 80M | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 77M | 89M | 62M | 80M | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 575M | 533M | 565M | 582M | 531M | 531M |
| Dividend Yield | 7.1% | 4.6% | 4.9% | 11.2% | 9.6% | 8.8% |
| Share Buybacks | 0 | 0 | 0 | 1.3M | 10M | 10M |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.2% |
| Stock-Based Comp | 7.6M | 9.8M | 6.2M | 8.5M | 7.5M | 7.5M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | 12.6B | 12.7B | 11.8B | 10.6B | 10.2B | -1.1B |
| Cash & Equiv. | 1.4B | 1.3B | 486M | 978M | 1.1B | 1.1B |
| Long-Term Debt | N/A | N/A | N/A | 10.1B | 9.8B | 9.8B |
| Debt/Equity | 0.98 | 0.87 | 0.83 | 1.35 | 1.27 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | -4.9 | 1.2 | 1.2 |
| Equity | 14.4B | 16.1B | 14.8B | 8.6B | 8.9B | 8.9B |
| Total Assets | 31.4B | 33.3B | 29.1B | 27.2B | 26.9B | 26.9B |
| Total Liabilities | 17.0B | 17.2B | 14.3B | 18.5B | 18.0B | 18.0B |
| Intangibles | N/A | N/A | N/A | 21M | 22M | 22M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | -254M | 136M | -219M | -2.1M | -85M | -85M |
| Current Assets | 2.7B | 3.5B | 1.8B | 2.4B | 2.3B | 2.3B |
| Current Liabilities | 2.9B | 3.3B | 2.0B | 2.4B | 2.4B | 2.4B |
| Per Share Data | ||||||
| EPS | 4.39 | 11.48 | 6.92 | -15.80 | 0.68 | 0.68 |
| Owner EPS | 4.92 | 5.40 | 3.84 | 10.51 | 9.89 | 9.89 |
| Book Value | 144.97 | 121.61 | 85.44 | 88.59 | 83.55 | 83.55 |
| Cash Flow/Share | 5.78 | 6.15 | 4.23 | 11.41 | 9.96 | 0.69 |
| Dividends/Share | 5.77 | 4.03 | 3.25 | 3.26 | 4.99 | 4.99 |
| Shares Out. | 99.6M | 132.2M | 173.7M | 97.5M | 106.4M | 106.4M |
| Valuation | ||||||
| P/E Ratio | 20.6 | 6.9 | 8.4 | -3.4 | 75.0 | 83.3 |
| P/FCF | 15.7 | 12.9 | 13.8 | 4.7 | 5.1 | 5.7 |
| EV/EBIT | 24.9 | 13.2 | 25.7 | N/A | 30.4 | 9.6 |
| Price/Book | 0.6 | 0.7 | 0.7 | 0.6 | 0.6 | 0.7 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | 6.4% | 7.8% | 7.2% | 21.2% | 19.5% | 17.6% |
| Market Cap | 9.0B | 10.5B | 10.1B | 5.2B | 5.4B | 6.0B |
| Avg. Price | 80.77 | 88.04 | 66.11 | 53.37 | 52.21 | 56.70 |
| Year-End Price | 90.53 | 79.12 | 58.42 | 53.82 | 51.05 | 56.70 |
COVIVIO passes 1 of 9 quality checks, indicating weak fundamentals.
COVIVIO trades at 83.3x trailing earnings, compared to its 15-year median P/E of 14.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 5.7x vs a median of 12.9x. The company's 5-year average ROIC is 1.1%. Total shareholder yield (dividends + buybacks) is 9.0%. At current prices, the estimated annualized return to fair value is +11.2%.
COVIVIO (COV-PA) has a current P/E ratio of 83.3, compared to its historical median P/E of 14.5. The stock is currently considered Expensive based on its historical valuation range.
COVIVIO (COV-PA) has a 5-year average return on invested capital (ROIC) of 1.1%. This is below average and may indicate limited pricing power.
COVIVIO (COV-PA) has a market capitalization of $6.0B. It is classified as a mid-cap stock.
Yes, COVIVIO (COV-PA) pays a dividend with a trailing twelve-month yield of 8.79%. The company also returns capital through share buybacks, with a buyback yield of 0.17%.
Based on historical P/E analysis, COVIVIO (COV-PA) appears expensive. The current P/E of 83.3 is 473% above its historical median of 14.5. The estimated fair value CAGR (P/E method) is -31.4%.
COVIVIO (COV-PA) operates in the REIT - Diversified industry, within the Real Estate sector.
COVIVIO (COV-PA) generated $1.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
COVIVIO (COV-PA) has a debt-to-equity ratio of 1.27. This indicates moderate leverage.
COVIVIO (COV-PA) reported earnings per share (EPS) of $0.68 in its most recent fiscal year.
COVIVIO (COV-PA) has a return on equity (ROE) of 0.8%. This indicates moderate shareholder returns.
The Ledger Terminal provides 5 years of financial data for COVIVIO (COV-PA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COVIVIO (COV-PA) has a book value per share of $83.55, based on its most recent annual SEC filing.