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.
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.
CBo Territoria SA is a real estate company operating primarily in La Réunion, France, with expanding activities in Mayotte. Established in 2004 and headquartered in Sainte-Marie, it functions through three main segments: Land, Promotion, and Other, investing in commercial assets such as retail spaces, offices, and industrial premises while developing housing properties including social housing, affordable housing, and serviced residences. The company also provides land planning services and manages leisure facilities like Le Jardin d’Eden for events, Bassin Bleu Golf Club offering golf and conference services, and Beauséjour SportClub for sports activities, alongside coworking centers. As a listed entity on Euronext since 2011, eligible for the PEA PME scheme, CBo Territoria emphasizes sustainable development through its CSR strategy, transparency, and stakeholder trust. With 43 employees and leadership under Managing Director and Chairman Geraldine Neyret, it reported 2024 turnover of €66.6 million and a project pipeline of €70 million on managed land as of December 31, 2024, positioning it as a key global operator in the regional real estate market.
43.67% operating margin is above average. ROIC at 4.33%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 20.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 29% versus the prior year, cash generation momentum has weakened. Net debt of €143M represents 7.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€53M
▼ -20.0% YoY
Net Income (TTM)
€17M
▲ +18.1% YoY
Op. Margin
43.67%
▲ +7.4pp YoY
ROIC
4.33%
Cash Flow & Balance Sheet
FCF (TTM)
€21M
▼ -28.7% YoY
Op. Cash Flow (TTM)
€22M
▼ -41.2% YoY
Net Debt
€143M
Cash & Equiv.
€16M
3Y CAGR: -13.4%
3Y CAGR: -20.2%
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