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Covivio SA
(COV)
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Rating:61Neutral
Price Target:
€46.00
▼(-10.24% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by attractive valuation (low P/E and high dividend yield). This is tempered by mixed financial quality—earnings and margins improved, but revenue declined, leverage is meaningful, and free cash flow has been uneven—while technical indicators are broadly neutral.
Positive Factors
Profitability rebound
The strong 2025 profitability rebound indicates that Covivio can generate substantial earnings when operating and property conditions are supportive. High margins provide internal resources for investment, asset improvement, and balance-sheet management over the next several quarters.
Negative Factors
Meaningful leverage
Debt above equity increases Covivio’s sensitivity to earnings and property-value fluctuations. Leverage can absorb more operating cash through financing obligations, reduce flexibility for acquisitions or development, and make downturns more damaging to returns and financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
The strong 2025 profitability rebound indicates that Covivio can generate substantial earnings when operating and property conditions are supportive. High margins provide internal resources for investment, asset improvement, and balance-sheet management over the next several quarters.
Read all positive factors
Covivio SA (COV) vs. iShares MSCI France ETF (EWQ)
Market Cap
€4.86B
Dividend Yield8.54%
Average Volume (3M)173.82K
Price to Earnings (P/E)7.4
Beta (1Y)0.83
Revenue Growth5.45%
EPS Growth56.76%
CountryFR
Employees979
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)5.92
Shares Outstanding111,623,470
10 Day Avg. Volume131,801
30 Day Avg. Volume173,823
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.73
Price to Sales (P/S)5.90
P/FCF Ratio48.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€57.50Price Target Upside12.20% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)4.96
Revenue Forecast (FY)€684.76M
Covivio SA Business Overview & Revenue Model
Company Description
Covivio is a prominent European real estate firm, deeply committed to understanding and addressing the evolving needs of its tenants and users. The company excels at designing and co-creating vibrant, multi-functional spaces that seamlessly integr...
How the Company Makes Money
Covivio makes money mainly by owning and operating real estate and monetizing it through recurring rental income and property-related services, complemented by value creation from development and capital recycling.
1) Rental income (core recurrin...
Covivio SA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 894.50M | 1.06B | 1.28B | 1.02B | 1.20B | 1.06B |
| Gross Profit | 890.10M | 927.90M | 977.00M | 826.57M | 896.82M | 798.84M |
| EBITDA | 1.51B | 1.45B | 1.70B | 660.17M | 1.49B | 1.68B |
| Net Income | 655.10M | 738.70M | 68.10M | -1.42B | 620.69M | 923.60M |
Balance Sheet | ||||||
| Total Assets | 25.27B | 25.34B | 24.89B | 25.03B | 27.73B | 28.30B |
| Cash, Cash Equivalents and Short-Term Investments | 665.00M | 1.21B | 1.04B | 900.62M | 461.54M | 1.06B |
| Total Debt | 10.37B | 10.94B | 10.75B | 11.04B | 11.27B | 12.14B |
| Total Liabilities | 12.64B | 12.69B | 12.87B | 13.06B | 13.64B | 14.68B |
| Stockholders Equity | 8.46B | 8.61B | 8.23B | 7.96B | 9.44B | 9.19B |
Cash Flow | ||||||
| Free Cash Flow | 164.60M | 128.70M | 3.85B | 540.66M | -7.08M | -157.86M |
| Operating Cash Flow | 833.40M | 708.30M | 9.80B | 1.03B | 560.75M | 539.65M |
| Investing Cash Flow | -378.30M | -123.40M | -1.37B | 171.01M | 323.80M | 203.24M |
| Financing Cash Flow | -1.27B | -383.30M | -7.39B | -722.91M | -1.52B | -914.55M |
Covivio SA Technical Analysis
Negative
51.25
Price Trends
46.50
Negative
49.32
Negative
50.90
Negative
Market Momentum
-0.69
Negative
43.34
Neutral
80.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:COV, the sentiment is Negative. The current price of 51.25 is above the 20-day moving average (MA) of 43.58, above the 50-day MA of 46.50, and above the 200-day MA of 50.90, indicating a neutral trend. The MACD of -0.69 indicates Negative momentum. The RSI at 43.34 is Neutral, neither overbought nor oversold. The STOCH value of 80.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:COV.
Covivio SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €9.95B | 7.40 | 14.54% | 5.38% | 3.02% | 15.66% | |
61 Neutral | €4.86B | 7.42 | 7.67% | 8.54% | 5.45% | 56.76% | |
61 Neutral | €4.75B | 32.42 | 1.41% | 8.57% | 0.78% | -68.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €1.83B | 48.89 | 2.27% | 10.77% | -20.40% | ― | |
51 Neutral | €1.12B | -5.97 | -5.03% | 13.02% | -9.09% | -0.01% | |
40 Underperform | €226.50M | -1.29 | -11.00% | 11.72% | -15.41% | -15.26% |
* General Sector Average
FR:COV
Covivio SA
43.90
-8.45
-16.14%
FR:ALTA
ALTAREA
74.30
-17.97
-19.47%
FR:GFC
Gecina
64.20
-10.94
-14.56%
FR:ICAD
Icade SA
14.75
-4.39
-22.95%
FR:LI
Klepierre (ex Compagnie Fonciere Klepierre)
35.32
3.86
12.28%
FR:NXI
NEXITY
4.07
-5.12
-55.71%
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.