Analyzing Icade (CDMGF) & Its Peers

Icade (OTCMKTS:CDMGF) is one of 111 publicly-traded companies in the “Diversified REITs” industry, but how does it weigh in compared to its peers? We will compare Icade to similar businesses based on the strength of its valuation, profitability, dividends, analyst recommendations, earnings, risk and institutional ownership.

Profitability

This table compares Icade and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Icade	N/A	N/A	N/A
Icade Competitors	-37.04%	-5.11%	0.21%

Earnings & Valuation

This table compares Icade and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Icade	N/A	N/A	16.49
Icade Competitors	$198.40 million	$18.17 million	6.82

Icade’s peers have higher revenue and earnings than Icade. Icade is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a summary of current ratings and price targets for Icade and its peers, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Icade	1	0	0	0	1.00
Icade Competitors	479	2447	1921	21	2.30

As a group, “Diversified REITs” companies have a potential upside of 3.72%. Given Icade’s peers stronger consensus rating and higher probable upside, analysts plainly believe Icade has less favorable growth aspects than its peers.

Dividends

Icade pays an annual dividend of $3.67 per share and has a dividend yield of 18.2%. Icade pays out 300.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Diversified REITs” companies pay a dividend yield of 6.5% and pay out -407.2% of their earnings in the form of a dividend.

Insider & Institutional Ownership

19.3% of Icade shares are owned by institutional investors. Comparatively, 39.2% of shares of all “Diversified REITs” companies are owned by institutional investors. 11.9% of shares of all “Diversified REITs” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Icade peers beat Icade on 9 of the 13 factors compared.

Icade Company Profile

Icade is a full-service real estate company with expertise in both commercial property investment (portfolio worth 6.8bn on a full consolidation basis as of 12/31/2023) and property development (2023 economic revenue of 1.3bn) that operates throughout France. Icade has forged longterm partnerships to respond to emerging trends in the industry. It has made climate issues and the preservation of biodiversity central to its business model to reinvent real estate and contribute to more sustainable cities. It is listed as a SIIC on Euronext Paris and its leading shareholder is the Caisse des Dépôts group.