CBO TERRITORIA (CBOT) AI Stock Analysis

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CBO TERRITORIA

(Paris:CBOT)

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Rating:61Neutral

Price Target:EUR 4.00▲(7.53% Upside)

Action:reiterated

Date:11/06/26

CBO Territoria scores moderately. The most significant driver is its financial profile: a markedly stronger balance sheet (debt-to-equity down to 0.63x) and sharply expanded margins with record net income, offset by a near-halving of revenue since 2020 and a steep 2025 drop in operating and free cash flow. An attractive valuation — 7.4x earnings and a 6.47% dividend yield — supports the score and provides income appeal, though sustainability depends on cash flow recovery. Technicals are the softest input, with the stock trading below its 50-, 100-, and 200-day moving averages and a slightly negative MACD indicating a lack of trend strength. Overall, this is a low-volatility, income-oriented real estate holding with a solid financial foundation but limited visible growth and cash flow uncertainty.

Positive Factors

Strong ProfitabilityStrong gross and net margins show that the existing portfolio and operating model can produce substantial earnings from current revenue. Rising net income further supports near-term financial resilience, although maintaining this profitability will depend on stabilizing the shrinking top line.

Negative Factors

Revenue ContractionSeveral years of shrinking revenue, including a further decline in the latest period, weaken confidence in the durability of the company’s growth base. Continued contraction could reduce the scale available to absorb property costs and eventually pressure margins and earnings.

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

Market Cap: EUR 129.62M
Dividend Yield: 6.45%
Average Volume (3M): 18.04K
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...

CBO TERRITORIA Financial Statement Overview

Summary

Financials are mixed. Profitability is the bright spot: net income reached an estimated €17.2M in 2025 with net margins expanding from ~13.7% (2020) to ~32.3% and EBIT margins near 50%, reflecting a strategic pivot toward higher-margin recurring rental income. The balance sheet is the strongest element, with debt cut from €230.9M to €159.8M, equity rising to €253.1M, and debt-to-equity improving to a conservative 0.63x. Offsetting these strengths, revenue has contracted nearly 49% since 2020 to an estimated €53.3M, ROE remains modest at ~6.8%, and cash generation deteriorated sharply in 2025, with operating cash flow falling from €30.1M to €15.6M and free cash flow down roughly 46% despite higher net income — a divergence that warrants monitoring.

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 Technical Analysis

Technical Analysis SentimentNegative

Last Price3.72

Price Trends

50DMA3.75Negative

100DMA3.83Negative

200DMA3.80Negative

Market Momentum

MACD0.00Negative

RSI52.15Neutral

STOCH53.85Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:CBOT, the sentiment is Negative. The current price of 3.72 is above the 20-day moving average (MA) of 3.68, below the 50-day MA of 3.75, and below the 200-day MA of 3.80, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 52.15 is Neutral, neither overbought nor oversold. The STOCH value of 53.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:CBOT.

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 1.75B	6.58	10.98%	5.08%	4.56%	-9.69%
FR:BAIN	66Neutral	EUR 4.49B	32.00	6.65%	1.36%	12.18%	2.47%
FR:CDA	62Neutral	EUR 997.64M	8.47	10.30%	5.60%	7.76%	18.31%
FR:CBOT	61Neutral	EUR 128.96M	7.44	6.89%	6.45%	-7.14%	19.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:ALTA	45Neutral	EUR 1.82B	48.76	2.27%	10.80%	-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	3.72	0.33	9.67%
FR:ALTA	ALTAREA	74.10	-18.08	-19.61%
FR:ARG	Argan Sa	67.90	5.16	8.23%
FR:BAIN	Monte-Carlo Societe Des Bains De Mer Sa	147.50	44.94	43.81%
FR:CFI	Compagnie Fonciere Internationale	1.35	0.11	8.87%
FR:CDA	Compagnie des Alpes	19.66	0.69	3.65%

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: Nov 04, 2026

CBO TERRITORIA AI Stock Analysis