(ECMPA) Eurocommercial Properties - AS
Sector: Real Estate | Industry: REIT - Retail | Exchange: AS (Netherlands) | Market Cap: 1.534m EUR | Total Return: 16.4% in 12m
Avg Turnover: 2.01M
Rev. Trend: 96.3%
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Eurocommercial Properties N.V. (ECMPA) is a Dutch-based real estate investment trust (REIT) focused on the ownership and management of prime retail properties. Established in 1991, the company maintains a portfolio of 24 shopping centers diversified across four core European markets: Belgium, France, Italy, and Sweden.
Operating within the Retail REIT sector, the business model relies on generating stable rental income through long-term leases with international and local retail tenants. These entities typically focus on dominant regional malls that serve as primary commercial hubs, a strategy intended to maintain high occupancy rates and resilient footfall despite the growth of e-commerce. REIT structures like Eurocommercial are generally required by law to distribute a high percentage of taxable income to shareholders as dividends.
Investors may find further technical analysis and valuation metrics for this security on ValueRay. Detailed asset breakdowns and geographic exposure reports are available in the companys latest annual filings.
- Italian and Swedish retail sales performance drives core rental income growth
- Interest rate volatility impacts debt financing costs and property valuations
- High occupancy rates across prime shopping centers sustain stable cash flows
- Consumer discretionary spending shifts affect tenant turnover and lease negotiations
- Strategic asset disposals and redevelopments influence net asset value per share
| Net Income: 126.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.12 > 1.0 |
| NWC/Revenue: -123.7% < 20% (prev -45.06%; Δ -78.62% < -1%) |
| CFO/TA 0.03 > 3% & CFO 115.4m > Net Income 126.7m |
| Net Debt (1.54b) to EBITDA (267.8m): 5.74 < 3 |
| Current Ratio: 0.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.0m) vs 12m ago 1.80% < -2% |
| Gross Margin: 66.52% > 18% (prev 71.20%; Δ -4.68% > 0.5%) |
| Asset Turnover: 6.95% > 50% (prev 6.91%; Δ 0.04% > 0%) |
| Interest Coverage Ratio: 4.99 > 6 (EBIT TTM 265.7m / Interest Expense TTM 53.2m) |
| A: -0.08 (Total Current Assets 137.2m - Total Current Liabilities 484.9m) / Total Assets 4.12b |
| B: 0.03 (Retained Earnings 123.1m / Total Assets 4.12b) |
| C: 0.07 (EBIT TTM 265.7m / Avg Total Assets 4.05b) |
| D: 1.11 (Book Value of Equity 2.17b / Total Liabilities 1.96b) |
| Altman-Z'' = 1.15 = BB |
| DSRI: 1.01 (Receivables 52.0m/50.3m, Revenue 281.1m/274.6m) |
| GMI: 1.07 (GM 71.20% / 66.52%) |
| AQI: 0.99 (AQ_t 0.97 / AQ_t-1 0.98) |
| SGI: 1.02 (Revenue 281.1m / 274.6m) |
| TATA: 0.00 (NI 126.7m - CFO 115.4m) / TA 4.12b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at EUR 27.40 with a total of 48,635 shares traded.
Over the past week, the price has changed by -1.26%,
over one month by +3.96%,
over three months by +6.68% and
over the past year by +16.39%.
Eurocommercial Properties has no consensus analysts rating.
P/E Trailing = 12.1429
P/E Forward = 10.9769
P/S = 5.3635
P/B = 0.7084
Revenue TTM = 281.1m EUR
EBIT TTM = 265.7m EUR
EBITDA TTM = 267.8m EUR
Long Term Debt = 1.56b EUR (from longTermDebt, last quarter)
Short Term Debt = 48.0m EUR (from shortTermDebt, last quarter)
Debt = 1.62b EUR (from shortLongTermDebtTotal, last quarter) + Leases 4.43m
Net Debt = 1.54b EUR (calculated: Debt 1.62b - CCE 78.3m)
Enterprise Value = 3.07b EUR (1.53b + Debt 1.62b - CCE 78.3m)
Interest Coverage Ratio = 4.99 (Ebit TTM 265.7m / Interest Expense TTM 53.2m)
EV/FCF = 39.74x (Enterprise Value 3.07b / FCF TTM 77.3m)
FCF Yield = 2.52% (FCF TTM 77.3m / Enterprise Value 3.07b)
FCF Margin = 27.49% (FCF TTM 77.3m / Revenue TTM 281.1m)
Net Margin = 45.07% (Net Income TTM 126.7m / Revenue TTM 281.1m)
Gross Margin = 66.52% ((Revenue TTM 281.1m - Cost of Revenue TTM 94.1m) / Revenue TTM)
Gross Margin QoQ = 67.77% (prev 60.58%)
Tobins Q-Ratio = 0.75 (Enterprise Value 3.07b / Total Assets 4.12b)
Interest Expense / Debt = 3.29% (Interest Expense 53.2m / Debt 1.62b)
Taxrate = 41.11% (88.4m / 215.1m)
NOPAT = 156.5m (EBIT 265.7m * (1 - 41.11%))
Current Ratio = 0.28 (Total Current Assets 137.2m / Total Current Liabilities 484.9m)
Debt / Equity = 0.75 (Debt 1.62b / totalStockholderEquity, last quarter 2.17b)
Debt / EBITDA = 5.74 (Net Debt 1.54b / EBITDA 267.8m)
Debt / FCF = 19.89 (Net Debt 1.54b / FCF TTM 77.3m)
Total Stockholder Equity = 2.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.13% (Net Income 126.7m / Total Assets 4.12b)
RoE = 5.96% (Net Income TTM 126.7m / Total Stockholder Equity 2.13b)
RoCE = 7.20% (EBIT 265.7m / Capital Employed (Equity 2.13b + L.T.Debt 1.56b))
RoIC = 3.81% (NOPAT 156.5m / Invested Capital 4.11b)
WACC = 4.20% (E(1.53b)/V(3.15b) * Re(6.59%) + D(1.62b)/V(3.15b) * Rd(3.29%) * (1-Tc(0.41)))
Discount Rate = 6.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 1.45%
[DCF] Terminal Value 76.71% ; FCFF base≈74.4m ; Y1≈81.1m ; Y5≈101.3m
[DCF] Fair Price = 0.23 (EV 1.55b - Net Debt 1.54b = Equity 12.7m / Shares 54.7m; r=8.35% [WACC [floored]]; 5y FCF grow 10.41% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 96.30 | Revenue CAGR: 4.71% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=2.47 | Chg30d=+0.06% | Revisions=+14% | GrowthEPS=+5.1% | GrowthRev=+7.3%
EPS next Year (2027-12-31): EPS=2.55 | Chg30d=+0.13% | Revisions=+0% | GrowthEPS=+3.2% | GrowthRev=+3.2%
[Analyst] Revisions Ratio: +14%