(CORE-D) Corem Property (publ) - Ratings and Ratios
Office, Warehouse, Logistics, Retail Properties
CORE-D EPS (Earnings per Share)
CORE-D Revenue
Description: CORE-D Corem Property (publ)
Corem Property Group AB (publ) is a real estate company operating in Sweden, Denmark, and the United States, with a diverse portfolio of 294 properties, including office, warehouse, logistics, and retail spaces, spanning 2.3 million square meters. The companys extensive property holdings position it as a significant player in the regional real estate market.
Key Performance Indicators (KPIs) to monitor Corem Property Groups performance include the occupancy rate, rental income growth, and Net Operating Income (NOI) margin. A high occupancy rate and increasing rental income would indicate a strong demand for their properties, while a healthy NOI margin would suggest effective property management and cost control. Additionally, the companys debt-to-equity ratio and interest coverage ratio are crucial in assessing its financial leverage and ability to meet its debt obligations.
From a valuation perspective, metrics such as the Price-to-FFO (Funds From Operations) ratio and the capitalization rate can provide insights into the companys valuation relative to its peers and the overall market. A lower Price-to-FFO ratio may indicate undervaluation, while a higher capitalization rate could suggest a higher return on investment. Furthermore, the companys Return on Equity (RoE) of -7.78% indicates a negative return on shareholders equity, which may be a concern for investors.
To further analyze Corem Property Groups performance, it is essential to examine its property portfolios diversification, geographic distribution, and sectoral allocation. A diversified portfolio with a mix of different property types and locations can help mitigate risks and increase potential returns. Moreover, the companys development pipeline and investment strategy can provide insights into its growth prospects and ability to adapt to changing market conditions.
CORE-D Stock Overview
| Market Cap in USD | 843m |
| Sub-Industry | Real Estate Operating Companies |
| IPO / Inception |
CORE-D Stock Ratings
| Growth Rating | 27.4% |
| Fundamental | 50.0% |
| Dividend Rating | 75.3% |
| Return 12m vs S&P 500 | -14.6% |
| Analyst Rating | - |
CORE-D Dividends
| Dividend Yield 12m | 8.36% |
| Yield on Cost 5y | 10.21% |
| Annual Growth 5y | 7.46% |
| Payout Consistency | 98.0% |
| Payout Ratio | 682.6% |
CORE-D Growth Ratios
| Growth Correlation 3m | 72.9% |
| Growth Correlation 12m | 5.5% |
| Growth Correlation 5y | 37.1% |
| CAGR 5y | 13.04% |
| CAGR/Max DD 3y | 0.25 |
| CAGR/Mean DD 3y | 0.81 |
| Sharpe Ratio 12m | 1.90 |
| Alpha | -14.36 |
| Beta | 0.673 |
| Volatility | 20.45% |
| Current Volume | 6.8k |
| Average Volume 20d | 6k |
| Stop Loss | 239.1 (-3%) |
| Signal | -1.02 |
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income (-1.64b TTM) > 0 and > 6% of Revenue (6% = 216.3m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA 0.34pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -299.2% (prev -418.9%; Δ 119.7pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.02 (>3.0%) and CFO 961.0m > Net Income -1.64b (YES >=105%, WARN >=100%) |
| Net Debt (29.41b) to EBITDA (1.87b) ratio: 15.75 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.12 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.21b) change vs 12m ago 9.95% (target <= -2.0% for YES) |
| Gross Margin 63.94% (prev 65.61%; Δ -1.67pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.03% (prev 6.27%; Δ -0.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.03 (EBITDA TTM 1.87b / Interest Expense TTM 306.0m) >= 6 (WARN >= 3) |
Altman Z'' -1.30
| (A) -0.19 = (Total Current Assets 1.41b - Total Current Liabilities 12.20b) / Total Assets 57.22b |
| (B) -0.08 = Retained Earnings (Balance) -4.80b / Total Assets 57.22b |
| (C) 0.03 = EBIT TTM 1.85b / Avg Total Assets 59.75b |
| (D) 0.00 = Book Value of Equity 75.2m / Total Liabilities 37.11b |
| Total Rating: -1.30 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 50.02
| 1. Piotroski 1.0pt = -4.0 |
| 2. FCF Yield 2.70% = 1.35 |
| 3. FCF Margin 26.66% = 6.66 |
| 4. Debt/Equity 1.40 = 1.59 |
| 5. Debt/Ebitda 15.10 = -2.50 |
| 6. ROIC - WACC 3.31% = 4.14 |
| 7. RoE -7.78% = -1.30 |
| 8. Rev. Trend -93.26% = -4.66 |
| 9. Rev. CAGR -7.61% = -1.27 |
| 10. EPS Trend 0.10% = 0.00 |
| 11. EPS CAGR 0.0% = 0.0 |
What is the price of CORE-D shares?
Over the past week, the price has changed by -1.20%, over one month by +1.02%, over three months by +6.18% and over the past year by +1.72%.
Is Corem Property (publ) a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CORE-D is around 247.65 SEK . This means that CORE-D is currently overvalued and has a potential downside of 0.47%.
Is CORE-D a buy, sell or hold?
What are the forecasts/targets for the CORE-D price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 276.1 | 12% |
CORE-D Fundamental Data Overview
Market Cap SEK = 7.88b (7.88b SEK * 1.0 SEK.SEK)
CCE Cash And Equivalents = 536.0m SEK (Cash And Short Term Investments, last quarter)
P/S = 2.1848
P/B = 17.1763
Beta = 1.498
Revenue TTM = 3.60b SEK
EBIT TTM = 1.85b SEK
EBITDA TTM = 1.87b SEK
Long Term Debt = 17.75b SEK (from longTermDebt, last quarter)
Short Term Debt = 10.44b SEK (from shortTermDebt, last quarter)
Debt = 28.19b SEK (Calculated: Short Term 10.44b + Long Term 17.75b)
Net Debt = 29.41b SEK (from netDebt column, last quarter)
Enterprise Value = 35.53b SEK (7.88b + Debt 28.19b - CCE 536.0m)
Interest Coverage Ratio = 6.03 (Ebit TTM 1.85b / Interest Expense TTM 306.0m)
FCF Yield = 2.70% (FCF TTM 961.0m / Enterprise Value 35.53b)
FCF Margin = 26.66% (FCF TTM 961.0m / Revenue TTM 3.60b)
Net Margin = -45.58% (Net Income TTM -1.64b / Revenue TTM 3.60b)
Gross Margin = 63.94% ((Revenue TTM 3.60b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Tobins Q-Ratio = 472.6 (set to none) (Enterprise Value 35.53b / Book Value Of Equity 75.2m)
Interest Expense / Debt = 1.09% (Interest Expense 306.0m / Debt 28.19b)
Taxrate = unknown
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.12 (Total Current Assets 1.41b / Total Current Liabilities 12.20b)
Debt / Equity = 1.40 (Debt 28.19b / last Quarter total Stockholder Equity 20.11b)
Debt / EBITDA = 15.10 (Net Debt 29.41b / EBITDA 1.87b)
Debt / FCF = 29.33 (Debt 28.19b / FCF TTM 961.0m)
Total Stockholder Equity = 21.12b (last 4 quarters mean)
RoA = -2.87% (Net Income -1.64b, Total Assets 57.22b )
RoE = -7.78% (Net Income TTM -1.64b / Total Stockholder Equity 21.12b)
RoCE = 4.75% (Ebit 1.85b / (Equity 21.12b + L.T.Debt 17.75b))
RoIC = 3.31% (Ebit 1.85b / (Assets 57.22b - Current Assets 1.41b))
WACC = unknown (E(7.88b)/V(36.06b) * Re(8.50%)) + (D(28.19b)/V(36.06b) * Rd(1.09%) * (1-Tc(none)))
Shares Correlation 3-Years: 63.77 | Cagr: 1.02%
Discount Rate = 8.50% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 75.32% ; FCFE base≈911.4m ; Y1≈840.1m ; Y5≈757.3m
Fair Price DCF = 1669 (DCF Value 12.52b / Shares Outstanding 7.50m; 5y FCF grow -9.84% → 3.0% )
Revenue Correlation: -93.26 | Revenue CAGR: -7.61%
Rev Growth-of-Growth: 5.82
EPS Correlation: 0.10 | EPS CAGR: 0.0%
EPS Growth-of-Growth: 48.64