(NXI) Nexity - Overview
Sector: Real Estate | Industry: Real Estate - Diversified | Exchange: PA (France) | Market Cap: 455m EUR | Total Return: -13.8% in 12m
Avg Turnover: 1.04M
Warnings
Interest Coverage Ratio -8.1 is critical
Altman Z'' -0.04 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Nexity SA is a French integrated real estate operator providing development and management services across residential and commercial sectors. The company’s vertically integrated model covers the entire property lifecycle, including land development, construction of residential and office spaces, and ongoing property management for institutional and individual clients.
The business operates within the Diversified Real Estate Activities industry, where revenue is typically generated through a mix of cyclical development sales and recurring service fees. In the European market, such firms often face high sensitivity to interest rate fluctuations and regulatory shifts regarding energy efficiency standards for new builds.
Investors may find it useful to examine ValueRay for deeper insights into the companys valuation metrics.
- French interest rate fluctuations dictate residential development demand and mortgage affordability
- Disposal of property management assets shifts focus to capital-light service model
- Urban renewal projects and social housing contracts drive public sector revenue
- High construction material costs and labor shortages compress development profit margins
- Regulatory changes in French tax incentives impact private buy-to-let investor volume
| Net Income: -349.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.11 > 1.0 |
| NWC/Revenue: 10.04% < 20% (prev 22.51%; Δ -12.46% < -1%) |
| CFO/TA 0.07 > 3% & CFO 361.1m > Net Income -349.4m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.3m) vs 12m ago -15.12% < -2% |
| Gross Margin: -10.38% > 18% (prev 0.20%; Δ -1.06k% > 0.5%) |
| Asset Turnover: 87.98% > 50% (prev 67.65%; Δ 20.33% > 0%) |
| Interest Coverage Ratio: -8.06 > 6 (EBITDA TTM -1.14b / Interest Expense TTM 169.0m) |
| A: 0.10 (Total Current Assets 3.15b - Total Current Liabilities 2.61b) / Total Assets 5.45b |
| B: 0.15 (Retained Earnings 803.2m / Total Assets 5.45b) |
| C: -0.22 (EBIT TTM -1.36b / Avg Total Assets 6.19b) |
| D: 0.29 (Book Value of Equity 1.09b / Total Liabilities 3.83b) |
| Altman-Z'' = -0.04 = B |
| DSRI: 0.66 (Receivables 1.39b/1.82b, Revenue 5.45b/4.69b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.28 (AQ_t 0.27 / AQ_t-1 0.21) |
| SGI: 1.16 (Revenue 5.45b / 4.69b) |
| TATA: -0.13 (NI -349.4m - CFO 361.1m) / TA 5.45b) |
| Beneish M = -3.16 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at EUR 8.14 with a total of 152,301 shares traded.
Over the past week, the price has changed by -2.51%,
over one month by -3.55%,
over three months by -14.63% and
over the past year by -13.82%.
Nexity has no consensus analysts rating.
P/E Forward = 65.7895
P/S = 0.1612
P/B = 0.2853
P/EG = 7.3775
Revenue TTM = 5.45b EUR
EBIT TTM = -1.36b EUR
EBITDA TTM = -1.14b EUR
Long Term Debt = 506.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 681.7m EUR (from shortTermDebt, last quarter)
Debt = 2.76b EUR (from shortLongTermDebtTotal, last quarter) + Leases 856.6m
Net Debt = 2.34b EUR (calculated: Debt 2.76b - CCE 421.5m)
Enterprise Value = 2.79b EUR (454.7m + Debt 2.76b - CCE 421.5m)
Interest Coverage Ratio = -8.06 (Ebit TTM -1.36b / Interest Expense TTM 169.0m)
EV/FCF = 15.73x (Enterprise Value 2.79b / FCF TTM 177.4m)
FCF Yield = 6.36% (FCF TTM 177.4m / Enterprise Value 2.79b)
FCF Margin = 3.25% (FCF TTM 177.4m / Revenue TTM 5.45b)
Net Margin = -6.41% (Net Income TTM -349.4m / Revenue TTM 5.45b)
Gross Margin = -10.38% ((Revenue TTM 5.45b - Cost of Revenue TTM 6.01b) / Revenue TTM)
Gross Margin QoQ = -72.25% (prev 28.65%)
Tobins Q-Ratio = 0.51 (Enterprise Value 2.79b / Total Assets 5.45b)
Interest Expense / Debt = 6.13% (Interest Expense 169.0m / Debt 2.76b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = -1.02b (EBIT -1.36b * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 1.21 (Total Current Assets 3.15b / Total Current Liabilities 2.61b)
Debt / Equity = 1.71 (Debt 2.76b / totalStockholderEquity, last quarter 1.61b)
Debt / EBITDA = -2.06 (negative EBITDA) (Net Debt 2.34b / EBITDA -1.14b)
Debt / FCF = 13.17 (Net Debt 2.34b / FCF TTM 177.4m)
Total Stockholder Equity = 1.75b (last 4 quarters mean from totalStockholderEquity)
RoA = -5.64% (Net Income -349.4m / Total Assets 5.45b)
RoE = -19.97% (Net Income TTM -349.4m / Total Stockholder Equity 1.75b)
RoCE = -60.36% (EBIT -1.36b / Capital Employed (Equity 1.75b + L.T.Debt 506.5m))
RoIC = -28.95% (negative operating profit) (NOPAT -1.02b / Invested Capital 3.53b)
WACC = 5.02% (E(454.7m)/V(3.21b) * Re(7.56%) + D(2.76b)/V(3.21b) * Rd(6.13%) * (1-Tc(0.25)))
Discount Rate = 7.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -33.33 | Cagr: -6.26%
[DCF] Terminal Value 73.10% ; FCFF base≈227.4m ; Y1≈199.4m ; Y5≈161.1m
[DCF] Fair Price = 4.51 (EV 2.59b - Net Debt 2.34b = Equity 251.1m / Shares 55.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -36.50 | Revenue CAGR: -5.32% | SUE: 0.05 | # QB: 0
EPS current Year (2026-12-31): EPS=-0.42 | Chg30d=-7.25% | Revisions=+20% | GrowthEPS=+75.4% | GrowthRev=-8.6%
EPS next Year (2027-12-31): EPS=0.23 | Chg30d=-47.79% | Revisions=+0% | GrowthEPS=+155.7% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: +20%