Covivio SA (COV) AI Stock Analysis

• Market Cap: €5.60B
• Dividend Yield: 6.37%
• Average Volume (3M): 116.62K
• Price to Earnings (P/E): 8.5
• Beta (1Y): 0.59
• Revenue Growth: 8.36%
• EPS Growth: N/A
• Country: FR
• Employees: 989
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 2.39
• Shares Outstanding: 111,623,470
• 10 Day Avg. Volume: 89,066
• 30 Day Avg. Volume: 116,620
• PEG Ratio: <0.01
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 5.90
• P/FCF Ratio: 48.77
• 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: €62.00
• Price Target Upside: 10.03% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): 4.83
• Revenue Forecast (FY): €721.50M

• Rating: 58 Neutral
• Price Target: €52.00 ▼(-7.72% Downside)
• Action: Reiterated Date: 03/28/26
• Date: Action: Reiterated 03/28/26

The score is driven by mixed financial quality (profit rebound but volatile results, meaningful leverage, and weaker 2025 free-cash-flow conversion) and bearish technicals (downtrend with negative momentum). These risks are partly offset by attractive valuation (very low P/E) and a moderate dividend yield.

Positive Factors

Diversified, recurring rental income

Covivio's primary cash engine is recurring rental income across three distinct asset classes (offices, residential, hotels). This diversified rent base and long-term leases provide enduring cash flow resilience versus single-asset models, supporting stable operating income and underwriting of investments over a multi-month to multi-year horizon.

Negative Factors

Meaningful leverage

Net debt modestly above equity creates heightened sensitivity to interest rates and property valuation swings. With leverage around 1.2–1.4x, financing costs or cap‑rate expansion can compress returns, limit optionality for opportunistic buys, and increase refinancing risk, reducing balance sheet resilience across economic cycles.

Covivio SA Business Overview & Revenue Model

Company Description

{A preferred real estate player at the European level, Covivio is close to its end users, capturing their aspirations, combining work, travel, living, and co-inventing vibrant spaces. A benchmark in the European real estate market with €25 Billion...

Read more

{A preferred real estate player at the European level, Covivio is close to its end users, capturing their aspirations, combining work, travel, living, and co-inventing vibrant spaces. A benchmark in the European real estate market with €25 Billion...

How the Company Makes Money

Covivio makes money primarily by owning and operating income-producing real estate and, to a lesser extent, by developing and rotating assets. 1) Rental income (core recurring revenue): The main source of revenue is rent collected from tenants ac...

Read more

Covivio makes money primarily by owning and operating income-producing real estate and, to a lesser extent, by developing and rotating assets. 1) Rental income (core recurring revenue): The main source of revenue is rent collected from tenants ac...

Covivio SA Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.06B	1.28B	1.02B	1.20B	1.06B
Gross Profit	927.90M	977.00M	826.57M	896.82M	798.84M
EBITDA	1.13B	1.70B	660.17M	828.91M	740.98M
Net Income	738.70M	68.10M	-1.42B	620.69M	923.60M
Balance Sheet
Total Assets	25.34B	24.89B	25.03B	27.73B	28.30B
Cash, Cash Equivalents and Short-Term Investments	1.21B	1.04B	900.62M	461.54M	1.06B
Total Debt	10.63B	10.75B	11.04B	11.27B	12.14B
Total Liabilities	12.69B	12.87B	13.06B	13.64B	14.68B
Stockholders Equity	8.61B	8.23B	7.96B	9.44B	9.19B
Cash Flow
Free Cash Flow	128.70M	3.85B	540.66M	-7.08M	-157.86M
Operating Cash Flow	708.30M	9.80B	1.03B	560.75M	539.65M
Investing Cash Flow	-123.40M	-1.37B	171.01M	323.80M	203.24M
Financing Cash Flow	-383.30M	-7.39B	-722.91M	-1.52B	-914.55M

Covivio SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 56.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 56.35 is above the 20-day moving average (MA) of 54.56, above the 50-day MA of 54.34, and above the 200-day MA of 54.10, indicating a bearish trend. The MACD of -1.18 indicates Positive momentum. The RSI at 31.87 is Neutral, neither overbought nor oversold. The STOCH value of 9.55 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LI	75 Outperform	€8.75B	7.44	11.02%	5.04%	6.74%	74.00%
CARM	71 Outperform	€2.26B	12.87	―	7.42%	16.69%	574.43%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
COVH	65 Neutral	€3.51B	10.97	6.03%	6.49%	21.24%	241.67%
GFC	59 Neutral	€4.83B	13.36	4.93%	6.39%	3.84%	―
COV	58 Neutral	€5.60B	8.50	5.11%	6.37%	8.36%	―
ALTA	58 Neutral	€2.58B	-453.64	-0.71%	7.34%	-4.87%	97.55%