Risk factor
Low price volatility
Profitability factor
Excellent dividends
About
Ascencio SA, a Belgian entity, primarily invests in commercial real estate, with a particular focus on supermarkets and retail park developments. Its operations span Belgium, France, and Spain, where it operates under the specific tax regimes of SIR, SIIC, and SOCIMI, respectively. A dedicated, multidisciplinary team diligently oversees its property assets and cultivates responsible relationships with its retail tenants, prioritizing sustainable practices. The company's property portfolio, comprising over 100 assets, is valued at approximately EUR 750 million, yielding annual rental revenue of about EUR 50 million. Ascencio SA trades on Euronext Brussels, reporting a market capitalization of EUR 320 million as of March 31, 2023.
Company Valuation
From both historical and forecast perspectives, the stock is moderately underpriced compared to similar stocks. Specifically, the stock is 'cheap' on P/E, neutral on EV/E
Target Price
The average target price of ASCE.BR is 53 and suggests 3% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation