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Immobiliere Dassault SA
(IMDA)
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Rating:62Neutral
Price Target:
€50.00
▼(-3.47% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by improving revenue and generally reasonable leverage, but is held back by volatile earnings quality and weaker cash conversion versus reported profits. Technical indicators are mildly bearish with the price below major moving averages and a negative MACD. Valuation is mixed: the dividend yield supports the score, while the negative P/E signals instability in earnings.
Positive Factors
Revenue Growth
A multi-year upward revenue trajectory into 2025 indicates improving rental income and portfolio performance rather than a single-period spike. Sustained top-line growth supports recurring cashflows, strengthens lease negotiation leverage and underpins longer-term dividend and reinvestment capacity.
Negative Factors
Earnings Volatility
Large swings and a 2023 loss imply profits are influenced by non-recurring items or valuation effects rather than steady rental operations. Persistent earnings volatility hampers reliable forecasting of underlying operating performance and raises risk to sustainable distributions and capital planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A multi-year upward revenue trajectory into 2025 indicates improving rental income and portfolio performance rather than a single-period spike. Sustained top-line growth supports recurring cashflows, strengthens lease negotiation leverage and underpins longer-term dividend and reinvestment capacity.
Read all positive factors
Immobiliere Dassault SA (IMDA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€343.68M
Dividend Yield4.54%
Average Volume (3M)691.00
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth13.57%
EPS Growth-380.92%
CountryFR
Employees13
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)-14.83
Shares Outstanding7,541,347
10 Day Avg. Volume1,131
30 Day Avg. Volume691
Financial Highlights & Ratios
PEG Ratio-2.30
Price to Book (P/B)0.61
Price to Sales (P/S)11.22
P/FCF Ratio14.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Immobiliere Dassault SA Business Overview & Revenue Model
Company Description
Immobiliere Dassault S.A. is a Paris, France-based real estate enterprise specializing in the acquisition and administration of commercial properties throughout France. These holdings primarily consist of office buildings and retail spaces. By Jun...
How the Company Makes Money
IMDA’s core revenue model is based on monetizing its real estate portfolio. The primary source of income is rental revenue collected from tenants under lease agreements for the properties it owns (e.g., commercial and/or other income-producing rea...
Immobiliere Dassault SA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
67
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.00M | 34.79M | 30.06M | 27.91M | 25.93M | 25.69M |
| Gross Profit | 34.05M | 33.03M | 27.84M | 25.45M | 22.84M | 21.25M |
| EBITDA | 36.53M | 37.92M | 25.20M | 23.28M | 26.83M | 22.54M |
| Net Income | -109.87M | 28.27M | 27.30M | -26.11M | 43.84M | 72.71M |
Balance Sheet | ||||||
| Total Assets | 992.21M | 994.83M | 882.20M | 856.95M | 890.71M | 859.28M |
| Cash, Cash Equivalents and Short-Term Investments | 50.00K | 109.00K | 181.00K | 1.93M | 2.72M | 482.00K |
| Total Debt | 340.99M | 334.45M | 261.52M | 252.35M | 243.29M | 248.25M |
| Total Liabilities | 487.75M | 355.32M | 281.47M | 269.29M | 264.93M | 268.87M |
| Stockholders Equity | 501.51M | 635.87M | 596.83M | 583.41M | 621.76M | 586.67M |
Cash Flow | ||||||
| Free Cash Flow | 24.95M | 27.75M | 20.86M | 13.05M | 15.78M | 12.67M |
| Operating Cash Flow | 24.95M | 27.76M | 20.86M | 13.15M | 15.79M | 13.24M |
| Investing Cash Flow | -112.15M | -111.88M | -17.76M | -11.22M | 108.00K | 23.74M |
| Financing Cash Flow | 87.09M | 83.58M | -126.00K | -4.86M | -14.96M | -36.41M |
Immobiliere Dassault SA Technical Analysis
Negative
51.80
Price Trends
47.56
Negative
48.04
Negative
48.31
Negative
Market Momentum
-0.34
Positive
29.15
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:IMDA, the sentiment is Negative. The current price of 51.8 is above the 20-day moving average (MA) of 46.99, above the 50-day MA of 47.56, and above the 200-day MA of 48.31, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 29.15 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:IMDA.
Immobiliere Dassault SA Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €2.26B | 7.64 | ― | 8.21% | -1.15% | -15.14% | |
69 Neutral | €1.15B | 9.35 | 7.54% | 5.71% | 45.41% | 1859.21% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | €14.88B | 9.30 | 7.31% | 4.29% | -6.45% | 102.99% | |
62 Neutral | €343.68M | -3.07 | ― | 3.91% | 13.57% | -380.92% | |
61 Neutral | €5.75B | 8.66 | 8.78% | 7.06% | 5.45% | 56.76% | |
51 Neutral | €1.44B | -7.61 | -5.03% | 9.96% | -9.09% | -0.01% |
* Real Estate Sector Average
FR:IMDA
Immobiliere Dassault SA
45.60
-4.69
-9.32%
FR:COV
Covivio SA
51.25
-1.10
-2.10%
FR:ICAD
Icade SA
18.79
-0.08
-0.43%
FR:URW
Unibail Rodamco Westfield
102.25
17.90
21.23%
FR:CARM
Carmila SAS
16.20
0.45
2.86%
FR:FREY
Frey SA
35.80
7.82
27.94%
Immobiliere Dassault SA Corporate Events
Immobilière Dassault Publishes 2026 Interim Report and Schedules Q3 Rental Update
Jul 24, 2026
Immobilière Dassault, a Paris-focused real estate company managing a portfolio of premium offices, retail spaces, hotels and museums valued at €986.2 million as of June 30, 2026, has released its interim financial report for the first h...
Immobilière Dassault hit by tax shift despite resilient rental growth
Jul 23, 2026
Immobilière Dassault reported an 8.9% rise in rental income to €18.2m in the first half of 2026, driven mainly by the acquisition of a property on rue de Rivoli and active leasing that lifted portfolio occupancy to 94.2%. Current operat...
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.