Eurocommercial Properties NV (NL:ECMPA)
:ECMPA
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Eurocommercial Properties NV
(ECMPA)
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Rating:66Neutral
Price Target:
€29.00
▲(8.82% Upside)
Action:N/ADate:03/09/26
The score is driven primarily by moderate financial performance (steady revenue and cash generation but volatile earnings and uneven cash conversion). Valuation is a key positive with a low P/E and high dividend yield, while technical indicators are mixed and do not strongly reinforce upside momentum.
Positive Factors
Steady revenue growth
Consistent revenue expansion from 2020–2025 indicates durable demand for the company’s retail assets and growing rental receipts. A rising topline supports long-term cash generation, underwriting maintenance, reinvestment in centres and tenant services, and reduces reliance on one-off gains.
Negative Factors
Earnings volatility
Material year-to-year swings in reported net income indicate earnings are exposed to valuation adjustments, one-off items or timing effects common in real estate accounting. This volatility undermines predictability of distributable earnings and complicates long-term planning for capital allocation and dividend sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent revenue expansion from 2020–2025 indicates durable demand for the company’s retail assets and growing rental receipts. A rising topline supports long-term cash generation, underwriting maintenance, reinvestment in centres and tenant services, and reduces reliance on one-off gains.
Read all positive factors
Eurocommercial Properties NV (ECMPA) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€1.45B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)11.3
Beta (1Y)0.54
Revenue GrowthN/A
EPS GrowthN/A
CountryNL
Employees100
SectorGeneral
Sector StrengthN/A
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.92
Shares Outstanding54,887,520
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)0.65
Price to Sales (P/S)4.97
P/FCF Ratio16.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€31.00Price Target Upside16.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.55
Revenue Forecast (FY)€249.75M
Eurocommercial Properties NV Business Overview & Revenue Model
Company Description
At the outset Eurocommercial invested in a variety of countries, including France where the Company made its first investment in 1992 with the acquisition of Les Atlantes shopping centre in Tours. In 1994 Eurocommercial purchased Curno in Bergamo,...
How the Company Makes Money
Eurocommercial Properties makes money primarily by owning retail properties and earning recurring rental income from tenants that lease space in its shopping centres. Its key revenue stream is base rent paid under lease contracts, typically comple...
Eurocommercial Properties NV Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
67
Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 283.29M | 271.78M | 261.69M | 242.05M | 237.74M |
| Gross Profit | 189.06M | 199.28M | 185.56M | 182.80M | 174.29M |
| EBITDA | 264.91M | 270.36M | 33.12M | 287.93M | 139.69M |
| Net Income | 124.37M | 176.82M | -26.87M | 200.74M | 104.69M |
Balance Sheet | |||||
| Total Assets | 4.10B | 3.93B | 3.83B | 3.94B | 4.03B |
| Cash, Cash Equivalents and Short-Term Investments | 67.58M | 35.96M | 40.52M | 65.31M | 55.62M |
| Total Debt | 1.58B | 1.56B | 1.56B | 1.52B | 1.65B |
| Total Liabilities | 1.93B | 1.84B | 1.82B | 1.83B | 2.01B |
| Stockholders Equity | 2.16B | 2.09B | 2.01B | 2.04B | 1.96B |
Cash Flow | |||||
| Free Cash Flow | 85.18M | 63.13M | 88.28M | 82.73M | 70.24M |
| Operating Cash Flow | 121.95M | 102.10M | 117.00M | 108.47M | 96.47M |
| Investing Cash Flow | -26.20M | -30.98M | -98.67M | 82.15M | 14.19M |
| Financing Cash Flow | -64.45M | -74.97M | -42.65M | -179.51M | -115.25M |
Eurocommercial Properties NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
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.