CPI PROPERTY GROUP S.A. (O5G) AI Stock Analysis

• Market Cap: €6.07B
• Dividend Yield: N/A
• Average Volume (3M): 350.00
• Price to Earnings (P/E): 76.0
• Beta (1Y): 0.08
• Revenue Growth: -9.44%
• EPS Growth: 96.54%
• Country: DE
• Employees: 2,137
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): <0.01
• Shares Outstanding: 8,436,604,500
• 10 Day Avg. Volume: 382
• 30 Day Avg. Volume: 350
• PEG Ratio: 0.51
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 4.15
• P/FCF Ratio: 10.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: €0.70 ▼(-10.26% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is driven mainly by solid cash flow performance, partially offset by weak profitability and relatively high leverage. Technicals are also a headwind with a clear downtrend and bearish momentum signals, while valuation is challenged due to losses (negative P/E) and no dividend yield data.

Positive Factors

Strong cash flow generation

Consistent positive operating and free cash flow provides durable internal funding for operations, maintenance and selective capex. Strong cash generation cushions earnings volatility from fair-value swings, supports debt servicing and enables opportunistic asset recycling or reinvestment over the next 2–6 months.

Recurring rental income and diversified asset mix

A business model based on multi-year lease contracts across offices, retail, residential and hospitality creates predictable recurring cash flows. Mixed-sector exposure and contractual rent features (service recoveries, indexation) help stabilise revenue through cycles and support medium-term income resilience.

Reasonable equity ratio / stable capital structure

Despite elevated leverage, a reasonable equity ratio implies a baseline of capital buffer that supports refinancing and access to debt markets. This structural stability helps the group manage portfolio investments and refinance near-term maturities without immediate forced asset sales.

Negative Factors

Relatively high leverage

High debt levels raise interest‑rate and refinancing risk, reducing financial flexibility. In a rising-rate or tighter credit environment elevated leverage can constrain redevelopment or acquisition activity and amplify earnings volatility from valuation and occupancy swings over the medium term.

Revenue decline and negative profitability

Declining revenue and negative operating/ net results indicate underlying pressures on rental income, margins or valuation adjustments. Persistent losses limit retained earnings for reinvestment, increase reliance on external financing and weaken the company’s ability to fund growth without raising capital.

Regional concentration risk (Central & Eastern Europe)

Concentration in CEE markets exposes cash flows to regional economic cycles, regulatory shifts and local leasing market dynamics. Limited geographic diversification increases vulnerability to country‑specific downturns, policy changes or slower demand in office/retail segments over the coming months.

CPI PROPERTY GROUP S.A. Business Overview & Revenue Model

Company Description

CPI Property Group S.A. operates as a property investor and developer in Central Europe. Its portfolio comprises real estate assets in the Czech and Slovak Republics, including residential, retail, hospitality, and industrial projects. CPI Property Group S.A. is headquartered in Luxembourg, Luxembourg.

How the Company Makes Money

CPI PROPERTY GROUP generates revenue primarily through rental income from its extensive portfolio of properties. The company leases office spaces, retail units, and residential apartments to a variety of tenants, which provides a steady cash flow. Additionally, CPI may realize profits from property sales or disposals as it strategically manages its assets. The company also invests in property development projects, which can lead to increased value and revenue once completed and leased. Partnerships with local and international businesses, along with its strong market presence, contribute to its ability to attract high-quality tenants, thus enhancing its earnings potential.

CPI PROPERTY GROUP S.A. Financial Statement Overview

Summary

Cash flow strength (positive and growing operating cash flow and free cash flow) supports the business, but recent profitability is weak with negative net income/EBIT and revenue decline. Leverage is relatively high, adding balance-sheet risk despite a reasonable equity ratio.

Income Statement

The company has experienced revenue fluctuations over the years, with a recent decline from 2023 to 2024. Gross profit margin remains stable, indicating efficient cost management. However, negative net income and EBIT in recent years highlight profitability challenges.

Balance Sheet

The debt-to-equity ratio is relatively high, suggesting significant leverage, which is a potential risk. However, the company maintains a reasonable equity ratio, indicating a stable capital structure despite the challenges.

Cash Flow

Cash flow generation is strong, with positive free cash flow and growing operating cash flow. The free cash flow to net income ratio is favorable, showing efficient cash generation relative to reported earnings.

Breakdown	TTM	Mar 2025	Dec 2023	Mar 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.52B	1.63B	1.69B	1.28B	663.80M	622.60M
Gross Profit	800.30M	842.50M	874.20M	675.70M	663.80M	344.40M
EBITDA	492.00M	276.80M	-542.30M	669.60M	1.69B	298.20M
Net Income	-17.00M	-192.40M	-823.90M	533.60M	1.28B	240.90M
Balance Sheet
Total Assets	20.27B	20.56B	21.93B	23.52B	14.37B	11.80B
Cash, Cash Equivalents and Short-Term Investments	1.16B	1.12B	1.11B	1.13B	531.90M	630.40M
Total Debt	9.91B	10.13B	11.22B	11.61B	5.13B	4.83B
Total Liabilities	12.25B	12.74B	13.67B	14.26B	6.67B	6.01B
Stockholders Equity	6.71B	6.53B	7.15B	8.16B	7.60B	5.69B
Cash Flow
Free Cash Flow	0.00	671.60M	610.10M	451.40M	338.10M	214.00M
Operating Cash Flow	0.00	732.40M	669.50M	531.60M	413.80M	248.70M
Investing Cash Flow	0.00	971.70M	75.50M	-1.59B	-1.19B	-1.24B
Financing Cash Flow	0.00	-1.64B	-741.10M	1.59B	643.10M	818.10M

CPI PROPERTY GROUP S.A. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:O5G, the sentiment is Negative. The current price of 0.78 is above the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.75, and below the 200-day MA of 0.80, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.50 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:O5G.

CPI PROPERTY GROUP S.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LEG	70 Outperform	€4.93B	1.88	15.11%	4.45%	6.91%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
G24	64 Neutral	€5.17B	54.23	13.04%	1.54%	12.58%	4.41%
GYC	61 Neutral	€1.71B	3.69	14.70%	―	0.44%	―
AT1	58 Neutral	€2.84B	3.33	10.60%	―	-1.35%	―
VNA	56 Neutral	€22.00B	2.37	10.56%	5.08%	22.80%	―
O5G	53 Neutral	€6.07B	75.97	-0.56%	―	-9.44%	96.54%