Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Ascencio SA is a Belgian Regulated Real Estate Company (SIR or Belgian REIT) specializing in commercial property investments, particularly supermarkets and retail parks located on the outskirts of towns and cities. These properties offer advantages such as carefree central parking, easy accessibility, flexible sales areas, and attractive rental terms, enhancing customer experience through shop mixes and sustainability focus. Operating across Belgium, France, and Spain under legal forms SIR, SIIC, and SOCIMI respectively, Ascencio SA manages a diversified portfolio of over 100 real estate assets totaling around 450,000 square meters, with a fair value of approximately 750 million euros and annual rental income nearing 55 million euros. A multidisciplinary team of about 21 employees handles asset management, tenant relations, and ESG initiatives responsibly. Key figures include a market capitalization of around 310 million euros as of late 2024, underscoring its role in the retail real estate sector by providing stable income-generating properties amid evolving consumer trends. Led by CEO Vincent Querton, the company emphasizes positive market engagement and long-term value creation in peripheral urban retail environments.
€52.00
+€0.00 (+0.00%)
EOD Jun 23, 2026 · Twelve Data
72.15% operating margin is above average. ROIC at 5.76%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 0.8%, essentially flat. This is a business that needs a catalyst.
Net debt of €294M represents 6.4x FCF, leverage limits flexibility.
9.6x earnings, 7.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€61M
▲ +0.8% YoY
Net Income (TTM)
€36M
▲ +39.7% YoY
Op. Margin
72.15%
▲ +0.5pp YoY
ROIC
5.76%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€46M
▲ +8.2% YoY
Op. Cash Flow (TTM)
€46M
▲ +6.0% YoY
Net Debt
€294M
Cash & Equiv.
€4M
3Y CAGR: +4.0%
3Y CAGR: +5.7%
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At a P/E of 9.6 and a price-to-free-cash-flow of 7.5, Ascencio SA (ASCE.XBRU) trades below a two-stage DCF intrinsic value of about €89.79 per share, so at €52.00 the stock looks undervalued (72.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Ascencio SA scores 54/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 8.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €89.79 per share for ASCE.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €67.35. At today's €52.00, that puts the stock about 72.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Ascencio SA scores 54 out of 100 on Intrinsiqq's quality score, passing 2 of 8 checks, which makes it a mixed business on these measures. Recent fundamentals include a 72.1% operating margin and a 5.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Ascencio SA pays a regular dividend of about €4.30 per share per year (typically in quarterly installments), a yield of roughly 8.3% at the current price. That is a payout ratio of about 79.6% of earnings, so the dividend is covered, with less cushion. Ascencio SA has grown the dividend at roughly 4.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ASCE.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. ASCE.XBRU currently trades below its estimated intrinsic value and scores 54/100 on quality (mixed). It also yields about 8.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.