(ECMPA) Eurocommercial Properties - Overview
Exchange: AS •
Country: Netherlands •
Currency: EUR •
Type: Common Stock •
ISIN: NL0015000K93
Stock: Shopping Centres, Retail, France
Total Rating 51
Risk 67
Buy Signal 1.53
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.11% |
| Yield on Cost 5y | 15.51% |
| Yield CAGR 5y | 37.74% |
| Payout Consistency | 90.5% |
| Payout Ratio | 133.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 19.8% |
| Relative Tail Risk | -1.26% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.59 |
| Alpha | 9.07 |
| Character TTM | |
|---|---|
| Beta | 0.016 |
| Beta Downside | 0.107 |
| Drawdowns 3y | |
|---|---|
| Max DD | 15.59% |
| CAGR/Max DD | 0.76 |
Description: ECMPA Eurocommercial Properties January 15, 2026
Eurocommercial Properties N.V. (ticker ECMPA) is a Netherlands-based REIT listed on Euronext that focuses on owning and operating shopping centres across Belgium, France, Italy, and Sweden. Established in 1991, the company currently manages 24 assets with an estimated portfolio value of roughly €4 billion.
Key operating metrics that investors watch include an average occupancy rate of about 95 % and a weighted-average lease-expiry profile of 5.8 years, which helps stabilize cash flow. The REIT’s dividend yield has hovered around 5 % in 2023, while its net debt-to-EBITDA ratio sits near 3.2×, reflecting a moderate leverage level for the sector. Macro-driven factors such as consumer confidence trends in the Eurozone and the ongoing shift toward omnichannel retail are critical drivers of foot traffic and same-store sales performance for Eurocommercial’s centres.
For a deeper quantitative dive, the ValueRay platform offers granular metrics and scenario analyses that can help you assess ECMPA’s risk-adjusted upside.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 157.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.45 > 1.0 |
| NWC/Revenue: -191.7% < 20% (prev -193.1%; Δ 1.37% < -1%) |
| CFO/TA 0.03 > 3% & CFO 110.1m > Net Income 157.8m |
| Net Debt (1.53b) to EBITDA (307.0m): 4.97 < 3 |
| Current Ratio: 0.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.4m) vs 12m ago 1.85% < -2% |
| Gross Margin: 69.33% > 18% (prev 0.68%; Δ 6865 % > 0.5%) |
| Asset Turnover: 7.06% > 50% (prev 6.77%; Δ 0.29% > 0%) |
| Interest Coverage Ratio: 7.67 > 6 (EBITDA TTM 307.0m / Interest Expense TTM 39.7m) |
Altman Z'' 0.74
| A: -0.13 (Total Current Assets 87.6m - Total Current Liabilities 619.4m) / Total Assets 4.00b |
| B: 0.02 (Retained Earnings 74.5m / Total Assets 4.00b) |
| C: 0.08 (EBIT TTM 304.9m / Avg Total Assets 3.93b) |
| D: 0.98 (Book Value of Equity 1.85b / Total Liabilities 1.90b) |
| Altman-Z'' Score: 0.74 = B |
Beneish M -3.14
| DSRI: 0.82 (Receivables 57.0m/65.6m, Revenue 277.4m/261.4m) |
| GMI: 0.98 (GM 69.33% / 67.78%) |
| AQI: 1.00 (AQ_t 0.98 / AQ_t-1 0.97) |
| SGI: 1.06 (Revenue 277.4m / 261.4m) |
| TATA: 0.01 (NI 157.8m - CFO 110.1m) / TA 4.00b) |
| Beneish M-Score: -3.14 (Cap -4..+1) = AA |
What is the price of ECMPA shares?
As of February 08, 2026, the stock is trading at EUR 25.85 with a total of 131,700 shares traded.
Over the past week, the price has changed by +4.02%, over one month by +1.02%, over three months by +1.79% and over the past year by +16.21%.
Over the past week, the price has changed by +4.02%, over one month by +1.02%, over three months by +1.79% and over the past year by +16.21%.
Is ECMPA a buy, sell or hold?
Eurocommercial Properties has no consensus analysts rating.
What are the forecasts/targets for the ECMPA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 30.1 | 16.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 31 | 20% |
ECMPA Fundamental Data Overview February 03, 2026
Market Cap USD = 1.60b (1.36b EUR * 1.1801 EUR.USD)
P/E Trailing = 8.5445
P/E Forward = 10.02
P/S = 4.8636
P/B = 0.6438
Revenue TTM = 277.4m EUR
EBIT TTM = 304.9m EUR
EBITDA TTM = 307.0m EUR
Long Term Debt = 1.43b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 508.2m EUR (from shortTermDebt, last quarter)
Debt = 1.56b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.53b EUR (from netDebt column, last quarter)
Enterprise Value = 2.89b EUR (1.36b + Debt 1.56b - CCE 30.7m)
Interest Coverage Ratio = 7.67 (Ebit TTM 304.9m / Interest Expense TTM 39.7m)
EV/FCF = 36.11x (Enterprise Value 2.89b / FCF TTM 79.9m)
FCF Yield = 2.77% (FCF TTM 79.9m / Enterprise Value 2.89b)
FCF Margin = 28.80% (FCF TTM 79.9m / Revenue TTM 277.4m)
Net Margin = 56.86% (Net Income TTM 157.8m / Revenue TTM 277.4m)
Gross Margin = 69.33% ((Revenue TTM 277.4m - Cost of Revenue TTM 85.1m) / Revenue TTM)
Gross Margin QoQ = 67.54% (prev 71.57%)
Tobins Q-Ratio = 0.72 (Enterprise Value 2.89b / Total Assets 4.00b)
Interest Expense / Debt = 0.85% (Interest Expense 13.2m / Debt 1.56b)
Taxrate = 16.11% (6.19m / 38.4m)
NOPAT = 255.8m (EBIT 304.9m * (1 - 16.11%))
Current Ratio = 0.14 (Total Current Assets 87.6m / Total Current Liabilities 619.4m)
Debt / Equity = 0.74 (Debt 1.56b / totalStockholderEquity, last quarter 2.10b)
Debt / EBITDA = 4.97 (Net Debt 1.53b / EBITDA 307.0m)
Debt / FCF = 19.12 (Net Debt 1.53b / FCF TTM 79.9m)
Total Stockholder Equity = 2.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.01% (Net Income 157.8m / Total Assets 4.00b)
RoE = 7.53% (Net Income TTM 157.8m / Total Stockholder Equity 2.09b)
RoCE = 8.66% (EBIT 304.9m / Capital Employed (Equity 2.09b + L.T.Debt 1.43b))
RoIC = 6.98% (NOPAT 255.8m / Invested Capital 3.66b)
WACC = 3.16% (E(1.36b)/V(2.92b) * Re(5.98%) + D(1.56b)/V(2.92b) * Rd(0.85%) * (1-Tc(0.16)))
Discount Rate = 5.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.07%
[DCF Debug] Terminal Value 85.79% ; FCFF base≈71.8m ; Y1≈68.1m ; Y5≈64.9m
Fair Price DCF = 7.75 (EV 1.95b - Net Debt 1.53b = Equity 422.0m / Shares 54.4m; r=5.90% [WACC]; 5y FCF grow -6.65% → 2.90% )
EPS Correlation: -14.33 | EPS CAGR: 4.06% | SUE: 1.00 | # QB: 1
Revenue Correlation: 70.59 | Revenue CAGR: 2.13% | SUE: 4.0 | # QB: 8
EPS next Year (2026-12-31): EPS=2.49 | Chg30d=+0.028 | Revisions Net=-1 | Growth EPS=+2.3% | Growth Revenue=+2.0%
P/E Trailing = 8.5445
P/E Forward = 10.02
P/S = 4.8636
P/B = 0.6438
Revenue TTM = 277.4m EUR
EBIT TTM = 304.9m EUR
EBITDA TTM = 307.0m EUR
Long Term Debt = 1.43b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 508.2m EUR (from shortTermDebt, last quarter)
Debt = 1.56b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.53b EUR (from netDebt column, last quarter)
Enterprise Value = 2.89b EUR (1.36b + Debt 1.56b - CCE 30.7m)
Interest Coverage Ratio = 7.67 (Ebit TTM 304.9m / Interest Expense TTM 39.7m)
EV/FCF = 36.11x (Enterprise Value 2.89b / FCF TTM 79.9m)
FCF Yield = 2.77% (FCF TTM 79.9m / Enterprise Value 2.89b)
FCF Margin = 28.80% (FCF TTM 79.9m / Revenue TTM 277.4m)
Net Margin = 56.86% (Net Income TTM 157.8m / Revenue TTM 277.4m)
Gross Margin = 69.33% ((Revenue TTM 277.4m - Cost of Revenue TTM 85.1m) / Revenue TTM)
Gross Margin QoQ = 67.54% (prev 71.57%)
Tobins Q-Ratio = 0.72 (Enterprise Value 2.89b / Total Assets 4.00b)
Interest Expense / Debt = 0.85% (Interest Expense 13.2m / Debt 1.56b)
Taxrate = 16.11% (6.19m / 38.4m)
NOPAT = 255.8m (EBIT 304.9m * (1 - 16.11%))
Current Ratio = 0.14 (Total Current Assets 87.6m / Total Current Liabilities 619.4m)
Debt / Equity = 0.74 (Debt 1.56b / totalStockholderEquity, last quarter 2.10b)
Debt / EBITDA = 4.97 (Net Debt 1.53b / EBITDA 307.0m)
Debt / FCF = 19.12 (Net Debt 1.53b / FCF TTM 79.9m)
Total Stockholder Equity = 2.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.01% (Net Income 157.8m / Total Assets 4.00b)
RoE = 7.53% (Net Income TTM 157.8m / Total Stockholder Equity 2.09b)
RoCE = 8.66% (EBIT 304.9m / Capital Employed (Equity 2.09b + L.T.Debt 1.43b))
RoIC = 6.98% (NOPAT 255.8m / Invested Capital 3.66b)
WACC = 3.16% (E(1.36b)/V(2.92b) * Re(5.98%) + D(1.56b)/V(2.92b) * Rd(0.85%) * (1-Tc(0.16)))
Discount Rate = 5.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.07%
[DCF Debug] Terminal Value 85.79% ; FCFF base≈71.8m ; Y1≈68.1m ; Y5≈64.9m
Fair Price DCF = 7.75 (EV 1.95b - Net Debt 1.53b = Equity 422.0m / Shares 54.4m; r=5.90% [WACC]; 5y FCF grow -6.65% → 2.90% )
EPS Correlation: -14.33 | EPS CAGR: 4.06% | SUE: 1.00 | # QB: 1
Revenue Correlation: 70.59 | Revenue CAGR: 2.13% | SUE: 4.0 | # QB: 8
EPS next Year (2026-12-31): EPS=2.49 | Chg30d=+0.028 | Revisions Net=-1 | Growth EPS=+2.3% | Growth Revenue=+2.0%