Risk factor
Negligible price volatility
Profitability factor
Excellent dividends
About
Icade functions as a comprehensive real estate entity, actively investing in and developing properties. It specializes in crafting innovative real estate solutions and offerings tailored to evolving urban lifestyles and demands. With corporate social responsibility and innovation central to its strategic approach, Icade cultivates close relationships with a broad spectrum of urban stakeholders, including local governments, communities, businesses, their employees, and various institutions and associations. The company is a significant investor in office and healthcare properties, possessing a portfolio valued at €11.6 billion (as of June 30, 2020, on a proportionate consolidation basis), and also operates as a robust property developer, generating nearly €1 billion in economic revenues in 2019. Through these endeavors, Icade has redefined the real estate sector, championing the emergence of tomorrow's greener, smarter, and more responsible urban environments. Its operations are particularly prominent across the Greater Paris region and other major French cities. Icade is publicly traded on Euronext Paris as a French Listed Real Estate Investment Company (société d'investissement immobilier cotée, SIIC), and its primary shareholder is the Caisse des dépôts Group.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on
Target Price
The average target price of ICAD.PA is 21.0 and suggests 28.7% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i