Cofinimmo SA (0J3X) fair value: what the stock is really worth
As of Jun 30, 2026: fair value of Cofinimmo SA €42.90, price €91.35, upside -53.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €46.42 – €111.45 · fair‑value band €28.76 – €60.41 · the €91.35 price screens above the €42.90 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Cofinimmo SA properties for more than 40 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the United Kingdom, with a value of approximately 6.1 billion EUR.
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Cofinimmo SA properties for more than 40 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the United Kingdom, with a value of approximately 6.1 billion EUR. Responding to societal changes, Cofinimmo's mission is to provide high-quality care, living, and working spaces to partner-tenants that directly benefit their occupants. (Caring, Living and Working Together in Real Estate is the expression of this mission). Thanks to its expertise, Cofinimmo has assembled a healthcare real estate portfolio of approximately 4.7 billion EUR in Europe. As an independent company that applies the highest standards of corporate governance and sustainability, Cofinimmo offers its tenants services and manages its portfolio through a team of approximately 150 employees in Brussels, Paris, Breda, Frankfurt and Madrid. Cofinimmo is listed on Euronext Brussels (BEL20) and benefits from the REIT system in Belgium (RREC), in France (SIIC), in Spain (SOCIMI) and in the United Kingdom (UK-REIT). Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator. Cofinimmo SA was established on December 29, 1983 and incorporated in Belgium. As of March 2, 2026, Cofinimmo SA operates as a subsidiary of Aedifica NV/SA.
Stock analysis
Cofinimmo SA (0J3X) currently trades at €91.35, while our model-based Fair Value estimate is €42.90, 53.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of €50.94 per share, and 0 of the 15 models we run sit above the €91.35 price.
Bear case: the DCF Models group reads lowest at €41.33, and 15 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: €28.76 (bear) to €60.41 (bull), the price of €91.35 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cofinimmo SA reported revenue of €293M in FY2020 versus €257M in FY2016, a compound +3.4%/yr. Reported net income was €119M in FY2020, compounding +5.2%/yr from FY2016.
Key figures
Market cap €3.5B · P/S ratio 9.22 · Dividend yield 5.7% · Net margin 40.7% · Return on equity 5.6% · Return on assets (EBIT) 4.5% · Operating margin 81.6% · Revenue (TTM) €383M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 6% fair-value upside, at −53%, 0J3X screens richer than that median.
Fair Value models
Bear €28.76Fair Value €42.90Bull €60.41
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
67.2% (2016) → 57.8% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cofinimmo SA Fair Value". https://www.fairvalue-calculator.com/stock/0J3X
Frequently asked questions
Is Cofinimmo SA (0J3X) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €42.90 versus the last price from Jun 30, 2026 of €91.35, about −53% upside (overvalued).
What is the fair value of 0J3X?
Our model-based fair value for Cofinimmo SA is €42.90 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jun 30, 2026): €91.35.
What is the quality score of 0J3X?
Cofinimmo SA has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cofinimmo SA (0J3X)?
Our model-based price target is the fair value of €42.90 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario €28.76, optimistic scenario €60.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Cofinimmo SA stock forecast for 2026?
Our models put fair value at €42.90, about −53% upside versus the last price from Jun 30, 2026 of €91.35 (overvalued). Cautious scenario €28.76, optimistic scenario €60.41. The calculation is refreshed regularly with new filings.
What is the revenue of Cofinimmo SA (0J3X)?
Cofinimmo SA reported trailing-twelve-month revenue of about €383M (latest available figure, as of Sep 24, 2026).
Does Cofinimmo SA pay a dividend?
Cofinimmo SA currently shows a dividend yield of about 5.69% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Cofinimmo SA (0J3X)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cofinimmo SA it is €42.90 per share (as of Sep 24, 2026), against a price of €91.35. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Cofinimmo SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0J3X trades above its calculated fair value: price €91.35, fair value €42.90, a gap of about −53% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0J3X?
No. The price is what the market pays today (€91.35); the fair value is what the company's own numbers justify (€42.90). For Cofinimmo SA the two are €48.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cofinimmo SA worth?
The market values Cofinimmo SA at about €3.5B (market capitalisation, as of Sep 24, 2026). Per share that is €91.35; our models calculate a fair value of €42.90 per share.
What do the bullish and bearish scenarios say about 0J3X?
Our models span a range for Cofinimmo SA: cautious scenario €28.76, base €42.90, optimistic €60.41 per share (as of Sep 24, 2026, price €91.35). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0J3X from its 52-week high?
Cofinimmo SA trades at €91.35, at its 52-week high of €91.35 and 36% above the low of €67.14 (as of Jun 30, 2026). Distance from the high says nothing about value: that is what the fair value of €42.90 is for.
Which stocks are comparable to Cofinimmo SA?
From the same area (Real Estate) we also value Welltower Inc, Ventas, Inc, Omega Healthcare Investors, Inc, Healthpeak Properties, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cofinimmo SA stock attractive at the current price?
The data as of Sep 24, 2026: price €91.35, calculated fair value €42.90 (−53%), Quality Score 56/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0J3X calculated?
We run Cofinimmo SA through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €42.90, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Cofinimmo SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cofinimmo SA (0J3X)?
The latest price we hold is from Jun 30, 2026 and stands at €91.35. Our model-based fair value is €42.90, about −53% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cofinimmo SA right now?
The price sits above even our optimistic bull case (€60.41). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€28.76 to €60.41) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Cofinimmo SA
How large is the market capitalisation of Cofinimmo SA (0J3X)?
The market capitalisation of Cofinimmo SA is €3.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cofinimmo SA (0J3X)?
The price-to-sales ratio of Cofinimmo SA is 9.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Cofinimmo SA (0J3X)?
The dividend yield of Cofinimmo SA is 5.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cofinimmo SA (0J3X)?
The net margin of Cofinimmo SA is 40.7% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cofinimmo SA (0J3X)?
The return on equity (ROE) of Cofinimmo SA is 5.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cofinimmo SA (0J3X)?
On an EBIT basis the return on assets of Cofinimmo SA is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cofinimmo SA (0J3X)?
The operating margin of Cofinimmo SA is 81.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cofinimmo SA (0J3X)?
Revenue at Cofinimmo SA is growing +1.5% versus a year earlier (3y avg +3.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cofinimmo SA (0J3X)?
Earnings per share at Cofinimmo SA are growing −16.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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