CBO TERRITORIA (CBOT) AI Stock Analysis

CBO TERRITORIA

(Paris:CBOT)

Select Model

Rating:58Neutral

Price Target:EUR 4.00▲(9.29% Upside)

Action:reiterated

Date:04/09/26

CBO Territoria scores 58, reflecting a value-oriented real estate stock with notable strengths and risks. The most significant positive factor is its attractive valuation — a P/E of 7.4x and a 6.1% dividend yield offer compelling income and value characteristics. The balance sheet is in strong shape with declining leverage and growing equity. However, the persistent revenue decline (nearly 49% over five years) and a sharp deterioration in 2025 cash flows are material concerns that weigh on the score. Technicals are neutral, offering neither a tailwind nor headwind. The company appears to be strategically transitioning toward a higher-margin recurring income model, which could unlock value over time, but the execution risk and shrinking top line keep the overall score in the moderate range.

Positive Factors

High margins / strong profitabilitySustained high gross and net margins indicate durable pricing power and efficient cost control in its property operations. This margin profile supports recurring earnings, funds dividends and reinvestment, and provides a cushion versus cyclical revenue swings in the medium term.

Negative Factors

Multi-year revenue contractionA declining top line over multiple years signals weakening demand or reduced sales throughput in development and leasing. Persisting revenue shrinkage challenges scalability of fixed-cost structures and may erode future margin and cash generation if not reversed.

CBO TERRITORIA (CBOT) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 128.92M
Dividend Yield: 6.52%
Average Volume (3M): 17.34K
Price to Earnings (P/E): 7.4
Beta (1Y): 0.19
Revenue Growth: -7.14%
EPS Growth: 19.83%
Country: France
Employees: 40
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

CBO TERRITORIA Business Overview & Revenue Model

Company Description

CBo Territoria SA, headquartered in Sainte-Marie, France, is a French firm primarily engaged in urban planning, real estate development, and property investment. The company's activities encompass the construction and sale of residential and commerci...

How the Company Makes Money

CBO Territoria makes money primarily through real-estate operations in Réunion. Key revenue streams typically include: (1) rental income from property assets it owns and operates (e.g., commercial/office/retail premises within its real-estate portfol...

CBO TERRITORIA Financial Statement Overview

Summary

CBO Territoria shows a mixed financial profile. The balance sheet is strong with debt-to-equity improving to 0.63x and steady equity growth, earning a solid 65. Profitability is improving with net margins expanding to ~32% despite a nearly 49% revenue contraction over five years, reflected in the income statement score of 52. However, the sharp 46% drop in operating cash flow in 2025 (score 45) is a significant concern, diverging from the improving profitability trend. The weighted financial performance score reflects the balance sheet strength offset by revenue erosion and cash flow deterioration.

Income Statement

52Neutral

Balance Sheet

65Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	54.41M	55.12M	66.59M	84.89M	82.09M	85.72M
Gross Profit	31.15M	31.64M	24.20M	39.23M	40.25M	38.92M
EBITDA	29.93M	27.63M	24.27M	26.06M	29.32M	24.80M
Net Income	17.47M	17.20M	14.56M	14.10M	15.96M	15.72M
Balance Sheet
Total Assets	471.59M	480.80M	474.67M	488.32M	497.76M	496.52M
Cash, Cash Equivalents and Short-Term Investments	8.69M	16.20M	27.64M	34.71M	35.21M	27.58M
Total Debt	149.34M	159.80M	165.40M	178.93M	195.36M	213.03M
Total Liabilities	217.69M	227.60M	229.12M	246.48M	260.16M	271.58M
Stockholders Equity	253.90M	253.10M	245.56M	241.82M	237.50M	225.15M
Cash Flow
Free Cash Flow	19.04M	15.44M	28.82M	26.50M	51.44M	17.58M
Operating Cash Flow	19.26M	15.61M	30.07M	26.80M	40.49M	18.21M
Investing Cash Flow	-12.25M	-12.09M	-6.29M	-2.21M	-600.00K	910.00K
Financing Cash Flow	-15.59M	-15.01M	-30.84M	-25.09M	-32.16M	-36.22M

CBO TERRITORIA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FR:CBOT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:ARG	69Neutral	EUR 1.73B	6.58	10.98%	5.08%	4.56%	-9.69%
FR:BAIN	66Neutral	EUR 4.49B	31.78	6.65%	1.37%	12.18%	2.47%
FR:CDA	62Neutral	EUR 939.67M	8.19	10.30%	5.79%	7.76%	18.31%
FR:CBOT	58Neutral	EUR 126.87M	7.36	6.89%	6.52%	-7.14%	19.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:ALTA	52Neutral	EUR 1.82B	48.10	2.27%	10.94%	-20.40%	―

* General Sector Average

Performance Comparison

FR:CBOT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:CBOT	CBO TERRITORIA	3.68	0.27	7.89%
FR:ALTA	ALTAREA	73.10	-18.71	-20.37%
FR:ARG	Argan Sa	67.90	5.07	8.07%
FR:BAIN	Monte-Carlo Societe Des Bains De Mer Sa	146.50	43.94	42.84%
FR:CFI	Compagnie Fonciere Internationale	1.28	-0.18	-12.09%
FR:CDA	Compagnie des Alpes	19.00	0.32	1.71%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 04, 2026

CBO TERRITORIA AI Stock Analysis