(CORE-PREF) Corem Property (publ) - Ratings and Ratios
Office Space, Warehouse, Logistics, Retail Properties
CORE-PREF EPS (Earnings per Share)
CORE-PREF Revenue
Description: CORE-PREF 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 holdings position it as a significant player in the regional real estate market.
To assess the companys performance, key performance indicators (KPIs) such as Funds From Operations (FFO) per share, Net Operating Income (NOI) margin, and occupancy rates are crucial. A high NOI margin indicates efficient property management, while a stable or increasing FFO per share suggests a healthy cash flow generation. Additionally, a high occupancy rate is a strong indicator of the companys ability to attract and retain tenants.
Given the companys market capitalization of SEK 26.9 billion and a P/E ratio of 51.59, investors are paying a premium for the stock, potentially expecting future growth. However, the negative Return on Equity (RoE) of -7.78% raises concerns about the companys profitability and ability to generate returns for shareholders. A closer examination of the companys debt-to-equity ratio, interest coverage ratio, and cash flow generation is necessary to understand its financial health and potential for future growth.
To further evaluate Corem Property Group AB (publ), it is essential to analyze its property portfolios diversification, geographic distribution, and sectoral allocation. A diversified portfolio with a mix of office, retail, and logistics spaces can mitigate risks associated with market fluctuations. Moreover, the companys development pipeline and potential for future growth through strategic acquisitions or disposals should be considered.
CORE-PREF Stock Overview
| Market Cap in USD | 2,861m |
| Sub-Industry | Real Estate Operating Companies |
| IPO / Inception |
CORE-PREF Stock Ratings
| Growth Rating | 10.8% |
| Fundamental | 49.6% |
| Dividend Rating | 62.1% |
| Return 12m vs S&P 500 | -15.9% |
| Analyst Rating | - |
CORE-PREF Dividends
| Dividend Yield 12m | 8.04% |
| Yield on Cost 5y | 9.08% |
| Annual Growth 5y | 0.00% |
| Payout Consistency | 94.5% |
| Payout Ratio | 341.9% |
CORE-PREF Growth Ratios
| Growth Correlation 3m | 62.7% |
| Growth Correlation 12m | -33.1% |
| Growth Correlation 5y | 11.5% |
| CAGR 5y | 10.58% |
| CAGR/Max DD 3y | 0.29 |
| CAGR/Mean DD 3y | 1.09 |
| Sharpe Ratio 12m | -0.19 |
| Alpha | -20.16 |
| Beta | 0.879 |
| Volatility | 17.16% |
| Current Volume | 17k |
| Average Volume 20d | 9.5k |
| Stop Loss | 244.4 (-3%) |
| Signal | 0.66 |
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) 49.55
| 1. Piotroski 1.0pt = -4.0 |
| 2. FCF Yield 1.77% = 0.88 |
| 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-PREF shares?
Over the past week, the price has changed by +0.00%, over one month by +1.41%, over three months by +4.92% and over the past year by +0.15%.
Is Corem Property (publ) a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CORE-PREF is around 244.48 SEK . This means that CORE-PREF is currently overvalued and has a potential downside of -2.98%.
Is CORE-PREF a buy, sell or hold?
What are the forecasts/targets for the CORE-PREF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 274.4 | 8.9% |
CORE-PREF Fundamental Data Overview
Market Cap SEK = 26.74b (26.74b SEK * 1.0 SEK.SEK)
CCE Cash And Equivalents = 536.0m SEK (Cash And Short Term Investments, last quarter)
P/E Trailing = 51.3238
P/S = 7.4167
P/B = 9.4862
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 = 54.39b SEK (26.74b + Debt 28.19b - CCE 536.0m)
Interest Coverage Ratio = 6.03 (Ebit TTM 1.85b / Interest Expense TTM 306.0m)
FCF Yield = 1.77% (FCF TTM 961.0m / Enterprise Value 54.39b)
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 = 723.6 (set to none) (Enterprise Value 54.39b / 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(26.74b)/V(54.93b) * Re(9.25%)) + (D(28.19b)/V(54.93b) * Rd(1.09%) * (1-Tc(none)))
Shares Correlation 3-Years: 63.77 | Cagr: 1.02%
Discount Rate = 9.25% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 72.57% ; FCFE base≈911.4m ; Y1≈840.1m ; Y5≈757.3m
Fair Price DCF = 890.1 (DCF Value 11.05b / Shares Outstanding 12.4m; 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