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Covivio SA
(COV)
Select Model
Select Model
Rating:61Neutral
Price Target:
€55.00
▲(3.58% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by attractive valuation (low P/E and high dividend yield). This is tempered by mixed financial quality—earnings and margins improved, but revenue declined, leverage is meaningful, and free cash flow has been uneven—while technical indicators are broadly neutral.
Positive Factors
Recurring Rental Income
A business model built on multi-year leases provides durable, predictable cash flows from offices, residential and hotel contracts. Recurring rental income underpins long-term earnings visibility and supports operational planning, debt servicing and dividend capacity across market cycles.
Negative Factors
Revenue Decline
A sharp revenue fall raises concerns about demand and lease roll dynamics; earnings improvement may be driven by one-offs or valuation effects. Lasting revenue weakness would pressure organic growth, limit scope for margin expansion and reduce the resilience of recurring cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Rental Income
A business model built on multi-year leases provides durable, predictable cash flows from offices, residential and hotel contracts. Recurring rental income underpins long-term earnings visibility and supports operational planning, debt servicing and dividend capacity across market cycles.
Read all positive factors
Covivio SA (COV) vs. iShares MSCI France ETF (EWQ)
Market Cap
€5.71B
Dividend Yield7.27%
Average Volume (3M)116.62K
Price to Earnings (P/E)8.7
Beta (1Y)0.67
Revenue Growth5.45%
EPS Growth56.76%
CountryFR
Employees979
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)5.92
Shares Outstanding111,623,470
10 Day Avg. Volume89,066
30 Day Avg. Volume116,620
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.73
Price to Sales (P/S)5.90
P/FCF Ratio48.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€59.33Price Target Upside11.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)4.95
Revenue Forecast (FY)€685.33M
Covivio SA Business Overview & Revenue Model
Company Description
Covivio is a prominent European real estate firm, deeply committed to understanding and addressing the evolving needs of its tenants and users. The company excels at designing and co-creating vibrant, multi-functional spaces that seamlessly integr...
How the Company Makes Money
Covivio makes money mainly by generating recurring rental and lease-related income from its property portfolio and by realizing value through asset management actions.
1) Rental and lease income (core recurring revenue)
- Offices: Covivio leases ...
Covivio SA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 894.50M | 1.06B | 1.28B | 1.02B | 1.20B | 1.06B |
| Gross Profit | 890.10M | 927.90M | 977.00M | 826.57M | 896.82M | 798.84M |
| EBITDA | 1.52B | 1.45B | 1.70B | 660.17M | 828.91M | 740.98M |
| Net Income | 655.10M | 738.70M | 68.10M | -1.42B | 620.69M | 923.60M |
Balance Sheet | ||||||
| Total Assets | 25.27B | 25.34B | 24.89B | 25.03B | 27.73B | 28.30B |
| Cash, Cash Equivalents and Short-Term Investments | 665.00M | 1.21B | 1.04B | 900.62M | 461.54M | 1.06B |
| Total Debt | 10.37B | 10.94B | 10.75B | 11.04B | 11.27B | 12.14B |
| Total Liabilities | 12.64B | 12.69B | 12.87B | 13.06B | 13.64B | 14.68B |
| Stockholders Equity | 8.46B | 8.61B | 8.23B | 7.96B | 9.44B | 9.19B |
Cash Flow | ||||||
| Free Cash Flow | 164.60M | 128.70M | 3.85B | 540.66M | -7.08M | -157.86M |
| Operating Cash Flow | 833.40M | 708.30M | 9.80B | 1.03B | 560.75M | 539.65M |
| Investing Cash Flow | -378.30M | -123.40M | -1.37B | 171.01M | 323.80M | 203.24M |
| Financing Cash Flow | -1.27B | -383.30M | -7.39B | -722.91M | -1.52B | -914.55M |
Covivio SA Technical Analysis
Negative
53.10
Price Trends
52.11
Negative
52.56
Negative
52.12
Negative
Market Momentum
-0.25
Positive
43.55
Neutral
17.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:COV, the sentiment is Negative. The current price of 53.1 is above the 20-day moving average (MA) of 52.51, above the 50-day MA of 52.11, and above the 200-day MA of 52.12, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 43.55 is Neutral, neither overbought nor oversold. The STOCH value of 17.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:COV.
Covivio SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €10.94B | 8.14 | 11.02% | 4.92% | 3.02% | 15.66% | |
61 Neutral | €5.71B | 8.71 | 8.78% | 7.06% | 5.45% | 56.76% | |
61 Neutral | €5.36B | 36.64 | 1.41% | 7.43% | 0.78% | -68.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €2.48B | -27.29 | -9.17% | 8.15% | -20.40% | ― | |
51 Neutral | €1.44B | -7.68 | -5.03% | 9.96% | -9.09% | -0.01% | |
45 Neutral | €385.29M | -2.19 | -11.00% | ― | -15.41% | -15.26% |
* General Sector Average
FR:COV
Covivio SA
51.55
-2.86
-5.25%
FR:ALTA
ALTAREA
100.60
0.94
0.94%
FR:GFC
Gecina
72.55
-6.98
-8.78%
FR:ICAD
Icade SA
18.98
-1.18
-5.85%
FR:LI
Klepierre (ex Compagnie Fonciere Klepierre)
38.82
5.88
17.87%
FR:NXI
NEXITY
6.92
-3.98
-36.51%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.