Cash flow Orco Property Euronext Paris

Stocks

ORC

LU0122624777

Real Estate Development & Operations

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06-18	CPI FIM SA Announces Board Changes	CI
05-29	CPI FIM SA Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: ORCO PROPERTY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	34.88M	34.68M	35.95M	56.38M	74.74M
Other Revenues, Total	32.74M	11.75M	19.29M	91.28M	50.1M
Total Revenues	67.62M	46.43M	55.24M	148M	125M
Property Expenses	14.02M	14.41M	22.4M	99.34M	56.51M
Selling General & Admin Expenses, Total	14.02M	6.68M	7.64M	6.92M	12.82M
Depreciation & Amortization - (IS) - (Collected)	-3.49M	2.73M	389K	801K	3.17M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	123K	41K	-165K	-1.48M	-901K
Total Operating Expenses	24.67M	23.86M	30.27M	106M	71.6M
Operating Income (REIT / Utility Template)	42.96M	22.57M	24.97M	42.08M	53.23M
Interest Expense, Total	-161M	-126M	-149M	-156M	-125M
Interest and Investment Income	212M	216M	268M	235M	194M
Net Interest Expenses	50.28M	90.14M	119M	78.93M	69.51M
Income (Loss) on Equity Invest.	1.15M	1.48M	215K	9K	2.72M
Currency Exchange Gains (Loss)	57.94M	8.77M	-	-17.45M	-11.41M
Other Non Operating Income (Expenses)	-1.39M	27.06M	-29.71M	-6.11M	7.37M
EBT, Excl. Unusual Items	151M	150M	114M	97.46M	121M
Gain (Loss) on Sale of Investments	6.18M	-	-	-	19.5M
Gain (Loss) on Sale of Assets	3.75M	7.84M	1.26M	29K	2.84M
Asset Writedown	264M	62.67M	-19.16M	-23.92M	-1.23M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	425M	221M	96.38M	73.57M	143M
Income Tax Expense	57.68M	39.89M	49.95M	7.97M	38.56M
Earnings From Continuing Operations	367M	181M	46.43M	65.6M	104M
Net Income to Company	367M	181M	46.43M	65.6M	104M
Minority Interest	-72.79M	-33.4M	-	12.73M	-9.88M
Net Income - (IS)	294M	147M	46.43M	78.33M	94.09M
Net Income to Common Incl Extra Items	294M	147M	46.43M	78.33M	94.09M
Net Income to Common Excl. Extra Items	294M	147M	46.43M	78.33M	94.09M
Per Share Items
Net EPS - Basic	0.22	0.11	0.04	0.06	0.07
Basic EPS - Continuing Operations	0.22	0.11	0.04	0.06	0.07
Basic Weighted Average Shares Outstanding	1.31B	1.34B	1.31B	1.31B	1.31B
Net EPS - Diluted	0.22	0.11	0.04	0.06	0.07
Diluted EPS - Continuing Operations	0.22	0.11	0.04	0.06	0.07
Diluted Weighted Average Shares Outstanding	1.31B	1.34B	1.31B	1.31B	1.31B
Normalized Basic EPS	0.02	0.05	0.05	0.06	0.05
Normalized Diluted EPS	0.02	0.05	0.05	0.06	0.05
Supplemental Items
EBITDA	43.58M	22.82M	24.97M	42.88M	53.9M
EBITA	42.96M	22.57M	24.97M	42.08M	53.23M
EBIT	42.96M	22.57M	24.97M	42.08M	53.23M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	67.62M	46.43M	55.24M	148M	125M
Effective Tax Rate - (Ratio)	13.59	18.09	51.82	10.83	27.05
Total Current Taxes	368K	10.54M	690K	7.1M	2.02M
Total Deferred Taxes	57.31M	29.35M	49.26M	863K	36.54M
Normalized Net Income	21.54M	60.36M	71.43M	73.64M	66.01M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	1.82M	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	14.02M	6.68M	7.64M	6.92M	12.82M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	-	-	-	960K	8.27M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	22.85M	3.03M	3.17M	3.48M	3.76M
Accumulated Depreciation	-659K	-281K	-677K	-1.13M	-2.66M
Net Property Plant And Equipment	22.19M	2.75M	2.49M	2.35M	1.09M
Total Real Estate Assets	22.19M	2.75M	2.49M	2.35M	1.09M
Cash And Equivalents	210M	104M	83.6M	163M	160M
Accounts Receivable, Total	6.93M	6.07M	7.94M	32.69M	4.2M
Other Receivables	148M	189M	240M	283M	166M
Investment In Debt and Equity Securities	52.99M	61.66M	54.57M	51.68M	52.54M
Other Intangibles, Total	610K	842K	918K	1.12M	1.18M
Notes Receivable (Collected)	187M	145M	719M	234M	480M
Other Current Assets, Total	152M	20.39M	63.38M	58.83M	224M
Deferred Tax Assets Long-Term (Collected)	134M	120M	92.93M	90.07M	58.08M
Other Long-Term Assets, Total	6.47B	6.22B	5.93B	5.62B	2.78B
Total Assets	7.38B	6.87B	7.19B	6.54B	3.93B
Liabilities
Current Portion of Long-Term Debt	261M	246M	191M	169M	904M
Current Portion of Leases	238K	-	252K	239K	997K
Short-Term Borrowings	-	-	-	-	-
Long-Term Debt	5.4B	4.65B	4.97B	3.97B	864M
Long-Term Leases	4.52M	-	4.77M	43.45M	24.25M
Accounts Payable, Total	8.95M	12.62M	22.51M	27.44M	22.66M
Accrued Expenses, Total	54.39M	-	114K	-	-
Current Income Taxes Payable	687K	10.06M	437K	4.64M	1.73M
Unearned Revenue, Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	6.23M	71.6M	375M	374M	393M
Deferred Tax Liability Non-Current	131M	149M	165M	173M	127M
Other Non Current Liabilities	4.79M	5.38M	5.54M	13.93M	22.92M
Total Liabilities	5.87B	5.15B	5.73B	4.77B	2.36B
Common Stock, Total	13.14M	13.14M	13.14M	13.14M	13.14M
Additional Paid In Capital	785M	785M	785M	785M	785M
Retained Earnings	323M	470M	515M	510M	611M
Comprehensive Income and Other	118M	141M	144M	134M	157M
Total Common Equity	1.24B	1.41B	1.46B	1.44B	1.57B
Minority Interest	277M	311M	467K	322M	1.67M
Total Equity	1.52B	1.72B	1.46B	1.76B	1.57B
Total Liabilities And Equity	7.38B	6.87B	7.19B	6.54B	3.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.31B	1.31B	1.31B	1.31B	1.31B
ECS Total Common Shares Outstanding	1.31B	1.31B	1.31B	1.31B	1.31B
Book Value / Share	0.94	1.07	1.11	1.1	1.19
Tangible Book Value	1.24B	1.41B	1.46B	1.44B	1.56B
Tangible Book Value Per Share	0.94	1.07	1.11	1.1	1.19
Total Debt	5.66B	4.9B	5.17B	4.18B	1.79B
Net Debt	5.45B	4.8B	5.08B	4.02B	1.63B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	277M	311M	467K	322M	1.67M
Equity Method Investments, Total	8.19M	9.72M	16.94M	16.8M	147M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	-	-	-	-	-
Buildings, Total	20.77M	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	14	7	7	10	9
Accumulated Allowance for Doubtful Accounts (Supple)	424K	826K	1.58M	5.81M	4.82M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	294M	147M	46.43M	78.33M	94.09M
Depreciation, Depletion & Amortization	623K	245K	1K	801K	673K
Amortization of Goodwill and Intangible Assets - (CF)	1K	-	-	-	-
Total Depreciation, Depletion & Amortization	624K	245K	1K	801K	673K
(Gain) Loss On Sale of Asset - (CF)	-2.78M	-7.84M	-1.26M	-29K	-22.35M
(Gain) Loss on Sale of Investments - (CF)	-7.14M	-	-	-	-
Total Asset Writedown	-268M	-60.19M	19.55M	23.92M	3.73M
(Income) Loss On Equity Investments - (CF)	-1.15M	-1.48M	-215K	-9K	-2.72M
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Accounts Receivable	-51.07M	48.72M	-57.7M	-24.26M	-43.42M
Change In Inventories	-55K	-47K	-20.47M	-15.52M	-29.16M
Change in Accounts Payable	-15.99M	24.61M	11.45M	-1.08M	9.66M
Change in Other Net Operating Assets (Collected)	29K	-	-	-	-
Other Operating Activities	27.67M	-53.1M	-37.95M	-14.6M	-25.2M
Cash from Operations	-23.59M	98.15M	-40.16M	47.55M	-14.69M
Acquisition of Real Estate Assets, Total	-37.5M	-37.04M	-43.65M	-36.11M	-59.05M
Sale of Real Estate Assets, Total	44.46M	66.05M	346K	6.59M	17.95M
Net Sale / Acquisition of Real Estate Assets	6.96M	29.01M	-43.3M	-29.52M	-41.1M
Cash Acquisitions	-3M	-	-	-	-
Divestitures	17.24M	2.24M	17.51M	-	209M
Purchase / Sale of Intangible Assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	155M	-55K	-7M	-	-47.41M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-539M	-1.21B	-223M	1.32B	507M
Other Investing Activities, Total	102M	241M	167M	287M	96.18M
Cash from Investing	-260M	-937M	-89.03M	1.58B	724M
Long-Term Debt Issued, Total	554M	1.01B	504M	80.45M	146M
Total Debt Issued	554M	1.01B	504M	80.45M	146M
Long-Term Debt Repaid, Total	-204M	-113M	-292M	-1.51B	-435M
Total Debt Repaid	-204M	-113M	-292M	-1.51B	-435M
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-105M	-167M	-104M	-117M	-425M
Cash from Financing	244M	733M	109M	-1.55B	-713M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-39.11M	-106M	-20.48M	79.84M	-3.68M
Supplemental Items
Cash Interest Paid	105M	167M	113M	117M	93.27M
Cash Income Tax Paid (Refund)	858K	1.24M	2.75M	3.57M	9.65M
Net Debt Issued / Repaid	350M	900M	213M	-1.43B	-288M
Levered Free Cash Flow	-262M	93.21M	-445M	360M	-298M
Unlevered Free Cash Flow	-162M	172M	-352M	458M	-220M
Change In Net Working Capital	189M	-157M	368M	-431M	254M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.39	0.2	0.22	0.38	0.64
Return on Total Capital	0.4	0.2	0.24	0.42	0.72
Return On Equity %	28.01	11.17	2.92	4.07	6.24
Return on Common Equity	27.51	11.13	3.24	5.4	6.26
Margin Analysis
Gross Profit Margin %	79.28	68.96	59.44	32.72	54.73
SG&A Margin	20.73	14.38	13.83	4.68	10.27
EBITDA Margin %	64.44	49.14	45.21	29.04	43.18
EBITA Margin %	63.52	48.61	45.21	28.5	42.64
EBIT Margin %	63.52	48.61	45.21	28.5	42.64
Income From Continuing Operations Margin %	542.47	389.05	84.06	44.43	83.29
Net Income Margin %	434.83	317.11	84.06	53.05	75.37
Net Avail. For Common Margin %	434.83	317.11	84.06	53.05	75.37
Normalized Net Income Margin	31.86	130	129.31	49.87	52.88
Levered Free Cash Flow Margin	-387.91	200.74	-806.36	243.97	-238.8
Unlevered Free Cash Flow Margin	-238.9	370.11	-637.82	310.03	-176.45
Asset Turnover
Asset Turnover	0.01	0.01	0.01	0.02	0.02
Fixed Assets Turnover	5.92	3.72	21.06	60.94	72.49
Receivables Turnover (Average Receivables)	5.19	5.33	5.13	2.78	4.05
Inventory Turnover (Average Inventory)	42.79	38.08	0.88	2.28	0.67
Short Term Liquidity
Current Ratio	2.12	1.36	1.89	1.34	0.78
Quick Ratio	1.1	0.88	0.56	0.83	0.25
Operating Cash Flow to Current Liabilities	-0.07	0.29	-0.07	0.08	-0.01
Days Sales Outstanding (Average Receivables)	70.32	68.42	71.16	131.88	90.09
Days Outstanding Inventory (Average Inventory)	8.53	9.58	413.37	160.32	548.84
Average Days Payable Outstanding	227.91	272.29	88.64	106.69	59.73
Cash Conversion Cycle (Average Days)	-149.06	-194.29	395.89	185.51	579.2
Long Term Solvency
Total Debt/Equity	373.47	285.05	354.38	237.11	114.4
Total Debt / Total Capital	78.88	74.03	77.99	70.34	53.36
LT Debt/Equity	356.24	270.74	341.22	227.54	56.69
Long-Term Debt / Total Capital	75.24	70.31	75.1	67.5	26.44
Total Liabilities / Total Assets	79.47	74.97	79.73	73.03	60.09
EBIT / Interest Expense	0.27	0.18	0.17	0.27	0.43
EBITDA / Interest Expense	0.27	0.18	0.17	0.27	0.43
(EBITDA - Capex) / Interest Expense	0.27	0.18	0.17	0.27	0.43
Total Debt / EBITDA	129.92	214.75	206.84	97.5	33.27
Net Debt / EBITDA	125.1	210.19	203.49	93.69	30.31
Total Debt / (EBITDA - Capex)	129.92	214.75	206.84	97.5	33.27
Net Debt / (EBITDA - Capex)	125.1	210.19	203.49	93.69	30.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.52	-31.34	18.97	167.32	-15.46
Gross Profit, 1 Yr. Growth %	2.32	-40.28	2.55	47.16	41.4
EBITDA, 1 Yr. Growth %	38.45	-47.64	8.29	71.71	25.71
EBITA, 1 Yr. Growth %	36.48	-47.45	9.44	68.5	26.5
EBIT, 1 Yr. Growth %	36.47	-47.45	9.44	68.5	26.5
Earnings From Cont. Operations, 1 Yr. Growth %	152.1	-50.76	-74.3	41.28	58.49
Net Income, 1 Yr. Growth %	161.37	-49.93	-68.46	68.7	20.12
Diluted EPS Before Extra, 1 Yr. Growth %	157.05	-50	-67.89	68.7	17.47
Normalized Net Income, 1 Yr. Growth %	22.19K	180.19	18.04	3.1	-10.37
Net Property, Plant and Equip., 1 Yr. Growth %	3.25K	-87.6	-9.38	-5.69	-53.57
Inventory, 1 Yr. Growth %	18.33	13.24	12.42K	-27.12	263.22
Accounts Receivable, 1 Yr. Growth %	6.42	-12.34	30.75	311.62	-87.15
Total Assets, 1 Yr. Growth %	13.52	-6.99	4.71	-9.09	-39.91
Common Equity, 1 Yr. Growth %	37.77	13.69	3.47	-1.06	8.63
Tangible Book Value, 1 Yr. Growth %	37.71	13.68	3.47	-1.08	8.63
Cash From Operations, 1 Yr. Growth %	-79.71	-516.13	-140.92	-218.4	-130.89
Levered Free Cash Flow, 1 Yr. Growth %	16.44	-135.53	-577.1	-180.88	-182.75
Unlevered Free Cash Flow, 1 Yr. Growth %	18.16	-206.37	-304.84	-229.94	-148.12
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	68.88	-16.51	-9.62	78.33	50.33
Gross Profit, 2 Yr. CAGR %	64.54	-21.83	-21.74	22.85	44.25
EBITDA, 2 Yr. CAGR %	119.71	-14.86	-24.3	36.36	46.92
EBITA, 2 Yr. CAGR %	118.25	-15.32	-23.76	35.8	46
EBIT, 2 Yr. CAGR %	118.25	-15.32	-23.75	35.8	46
Earnings From Cont. Operations, 2 Yr. CAGR %	125.02	11.42	-64.42	-39.74	49.64
Net Income, 2 Yr. CAGR %	108.81	14.4	-60.26	-27.06	42.35
Diluted EPS Before Extra, 2 Yr. CAGR %	109.76	13.37	-59.93	-26.4	40.77
Normalized Net Income, 2 Yr. CAGR %	-32.45	2.4K	82.09	10.32	-3.87
Net Property, Plant and Equip., 2 Yr. CAGR %	479	103.89	-66.48	-7.55	-33.83
Inventory, 2 Yr. CAGR %	2.03	15.76	1.09K	855.35	62.7
Accounts Receivable, 2 Yr. CAGR %	-1.73	-3.41	7.06	131.99	-27.26
Total Assets, 2 Yr. CAGR %	18.66	2.75	-1.31	-2.43	-26.09
Common Equity, 2 Yr. CAGR %	22.43	25.15	8.46	1.18	3.67
Tangible Book Value, 2 Yr. CAGR %	22.48	25.12	8.45	1.17	3.66
Cash From Operations, 2 Yr. CAGR %	-28.52	-8.11	30.49	-30.4	-39.52
Levered Free Cash Flow, 2 Yr. CAGR %	40.36	-35.68	30.31	96.44	-18.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	44.48	12.11	47.67	63.14	-20.93
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	36.27	25.11	-6.05	29.73	39.05
Gross Profit, 3 Yr. CAGR %	29.74	17.37	-14.43	-3.4	28.74
EBITDA, 3 Yr. CAGR %	189.88	36.21	-7.43	-0.54	32.71
EBITA, 3 Yr. CAGR %	188.71	35.78	-7.43	-0.69	32.63
EBIT, 3 Yr. CAGR %	188.71	35.78	-7.43	-0.69	32.63
Earnings From Cont. Operations, 3 Yr. CAGR %	44.33	35.6	-31.67	-43.66	-16.82
Net Income, 3 Yr. CAGR %	33.53	29.73	-25.55	-35.66	-13.87
Diluted EPS Before Extra, 3 Yr. CAGR %	34.71	30.06	-25.55	-35.3	-13.99
Normalized Net Income, 3 Yr. CAGR %	-16.59	8.53	804.19	50.64	2.94
Net Property, Plant and Equip., 3 Yr. CAGR %	282.04	60.79	55.6	-52.68	-26.52
Inventory, 3 Yr. CAGR %	-64.55	5.64	451.58	369.29	592.09
Accounts Receivable, 3 Yr. CAGR %	8.67	-5.4	6.85	67.72	-11.56
Total Assets, 3 Yr. CAGR %	32.24	9.41	3.4	-3.98	-16.99
Common Equity, 3 Yr. CAGR %	20.81	19.44	17.46	5.19	3.6
Tangible Book Value, 3 Yr. CAGR %	20.8	19.48	17.44	5.18	3.6
Cash From Operations, 3 Yr. CAGR %	45.59	28.59	-29.83	26.33	-46.91
Levered Free Cash Flow, 3 Yr. CAGR %	42.71	-11.21	25.51	11.15	47.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	45.65	30.46	37.1	41.51	8.6
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	34.97	46	15.63	44.17	13.39
Gross Profit, 5 Yr. CAGR %	39.54	52.82	5.99	19.53	5.45
EBITDA, 5 Yr. CAGR %	39.25	48.87	69.42	36.56	11.36
EBITA, 5 Yr. CAGR %	38.95	48.82	69.5	36.08	11.08
EBIT, 5 Yr. CAGR %	38.94	48.82	69.5	36.08	11.08
Earnings From Cont. Operations, 5 Yr. CAGR %	17.44	5.64	-17.57	-1.97	-6.5
Net Income, 5 Yr. CAGR %	12.35	1.37	-17.77	3.04	-3.51
Diluted EPS Before Extra, 5 Yr. CAGR %	5.29	1.92	-17.06	3.57	-3.94
Normalized Net Income, 5 Yr. CAGR %	-2.16	18.21	13.99	9.3	268.89
Net Property, Plant and Equip., 5 Yr. CAGR %	285.7	139.4	44.35	28.86	10.53
Inventory, 5 Yr. CAGR %	-44.13	-42.41	44.59	154.89	238.47
Accounts Receivable, 5 Yr. CAGR %	12.57	5.99	8.02	35.43	-8.39
Total Assets, 5 Yr. CAGR %	64.46	28.24	17.63	4.51	-9.59
Common Equity, 5 Yr. CAGR %	24.58	20.01	15.71	11.77	11.74
Tangible Book Value, 5 Yr. CAGR %	24.57	20	15.7	11.79	11.72
Cash From Operations, 5 Yr. CAGR %	43.33	1.92	39.35	0.59	-33.88
Levered Free Cash Flow, 5 Yr. CAGR %	37.82	-0.64	37.61	22.03	5.76
Unlevered Free Cash Flow, 5 Yr. CAGR %	28.83	8.57	46.46	42.69	10.01