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.
Cofinimmo SA is a leading Belgian real estate investment trust (REIT) specializing in the acquisition, development, and management of rental properties across nine European countries, including Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy, and the United Kingdom. With over 40 years of experience since its founding in 1983, the company maintains a diversified portfolio valued at approximately 6 billion EUR, with a strong emphasis on healthcare real estate comprising about 75% or 4.6 billion EUR, alongside offices and distribution network properties. Cofinimmo's mission, encapsulated in 'Caring, Living and Working - Together in Real Estate,' focuses on delivering high-quality care, living, and working spaces that benefit occupants and respond to societal needs. As an independent entity upholding top corporate governance and sustainability standards, it operates with around 150 employees across offices in Brussels, Paris, Breda, Frankfurt, and Madrid, benefiting from REIT regimes like Belgium's RREC, France's SIIC, and Spain's SOCIMI. Listed on Euronext Brussels as part of the BEL20 index and regulated by the FSMA, Cofinimmo plays a pivotal role in the European healthcare and commercial real estate sectors.
€80.60
€0.40 (-0.49%)
EOD Jun 23, 2026 · Twelve Data
69.12% operating margin is above average. ROIC at 5.15%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 12.0%, still solid. Margins contracted 10.5pp, which offsets some of the top-line progress.
Net debt of €1.49B represents 5.0x FCF, leverage limits flexibility. Operating margin contracted 10.5pp YoY, cost discipline may be slipping.
15.1x earnings, 10.3x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€394M
▲ +12.0% YoY
Net Income (TTM)
€207M
▲ +198.7% YoY
Op. Margin
70.06%
▼ -10.5pp YoY
ROIC
5.15%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€297M
▲ +6.6% YoY
Op. Cash Flow (FY)
€297M
▲ +6.6% YoY
Net Debt
€1.49B
Cash & Equiv.
€25M
3Y CAGR: +2.4%
3Y CAGR: +12.4%
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At a P/E of 15.1 and a price-to-free-cash-flow of 10.3, Cofinimmo SA (COFB.XBRU) trades below a two-stage DCF intrinsic value of about €187.97 per share, so at €80.60 the stock looks undervalued (133.2% 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, Cofinimmo SA scores 53/100 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 7.7%; 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 €187.97 per share for COFB.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 €140.98. At today's €80.60, that puts the stock about 133.2% 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.
Cofinimmo SA scores 53 out of 100 on Intrinsiqq's quality score, passing 4 of 8 checks, which makes it a mixed business on these measures. Recent fundamentals include a 70.1% operating margin and a 5.2% 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, Cofinimmo SA pays a regular dividend of about €6.21 per share per year (typically in quarterly installments), a yield of roughly 7.7% at the current price. That is a payout ratio of about 114.4% of earnings, so the dividend is stretched at this level. Cofinimmo SA has grown the dividend at roughly 21.9% 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 COFB.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. COFB.XBRU currently trades below its estimated intrinsic value and scores 53/100 on quality (mixed). It also yields about 7.7%. 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.