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Care Property Invest NV (CPINV) Fair Value & Analysis

Real Estate · BE · Market cap €530M

CP Care Property Invest NV CPINV · BR
Price€12.60
Fair Value€12.72
Upside+1.0%
Quality54/100
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Healthy Growth
Highly profitable · 76.2% net margin
Moderate debt · generates free cash flow
7.96% dividend yield
Ranks above peers (11/14)
Moderate moat 64/100
Evidence: High Range €8.51 – €19.80 Share as image

Fair value as of: Aug 6, 2026

From 16 valuation models · updated 4 days ago

Share price +0.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€8.51 to €19.80) 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.
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Price vs Fair Value (5 years)

€18.94 €8.47 Fair Value €12.72 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range €8.47 – €18.94 · fair‑value band €8.51 – €19.80 · the €12.60 price screens below the €12.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Care Property Invest NV (CPINV) currently trades at €12.60, while our model-based Fair Value estimate is €12.72, implying the stock looks roughly 1.0% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Care Property Invest NV generated revenue of €77.4M at a net margin of 76.2%. Revenue grew 11.8% year over year. It earns a return on equity of 8.6%. Net debt stands at €659M. Fundamentals as of Aug 6, 2026

Our scenario range runs from €8.51 (bear case) to €19.80 (bull case); at €12.60, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -53% fair-value upside, at 1%, CPINV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €6.32 €19.14 80
Residual Income €13.29 €14.10 €15.09 76
Rev-Margin DCF €4.05 €14.73 74
All 16 models by family
DCF Models
FCF DCF €5.13 €22.38 38
5Y Revenue Exit €4.32 €15.93 39
5Y EBITDA Exit €3.72 €21.15 €44.96 41
10Y Revenue Exit €4.21 €16.51 36
10Y EBITDA Exit €1.39 €16.13 €41.71 37
Dividend Discount
Gordon GGM €6.80 €12.25 €16.86 70
DDM Multi-Stage €6.80 €11.19 €13.09 61
Multiples
P/S Multiple €8.51 €11.35 €14.19 58
P/B Multiple €17.84 €23.79 €29.74 55
EV/EBIT €14.13 €23.24 €32.35 53
EV/EBITDA €8.04 €15.12 €22.20 54
EV/Revenue €2.69 43
Asset-Based
NCAV (Graham) €8.32 €11.15 €16.64 50
Growth DCF
Growth DCF €6.32 €19.14 80
Rev-Margin DCF €4.05 €14.73 74
Economic Profit
Residual Income €13.29 €14.10 €15.09 76

Widest divergence: Multiples (€15.12) versus Growth DCF (€4.05). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €77.4M
Revenue growth (YoY) +11.8%
Net margin 76.2%
Return on equity 8.6%
Free cash flow €39.0M FY2025
P/E ratio 8.8
More key figures
Operating margin 84.2%
EPS (TTM) €1.40
Dividend yield 8.1%
EPS growth (YoY) -13.5%
Net debt €659M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 53 · Market factors (momentum, volatility) 59

Profitability 38
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 35
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Care Property Invest NV is a Public Regulated Real Estate Company (public RREC) under Belgian law. The Company has been listed on Euronext Brussels for 30 years and invests in high quality healthcare real estate for elderly and disabled people on the European market.

Full company description

Care Property Invest NV is a Public Regulated Real Estate Company (public RREC) under Belgian law. The Company has been listed on Euronext Brussels for 30 years and invests in high quality healthcare real estate for elderly and disabled people on the European market. Care Property Invest purchases, builds and renovates high quality healthcare real estate (residential care centres, groups of assisted living apartments, residential complexes for people with a disability, etc.), fully tailored to the needs of the end user and then makes it available to solid healthcare operators on the basis of a long-term contract. The Company is developing an international portfolio of healthcare projects, which currently counts 160 projects, spread across Belgium, The Netherlands, Spain and Ireland. The market capitalization of Care Property Invest amounted to approximately 516.5 million euros on 8/06/2026. The Company aims to create a stable share for its shareholders with a low risk profile and a stable and steadily growing dividend. Care Property Invest NV was established on October 30th, 1995 and incorporated in Belgium.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Care Property Invest NV reported revenue of €73.8M in FY2025 versus €43.7M in FY2021, a compound +14.0%/yr. Reported net income was €59.2M in FY2025, compounding −0.2%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€73.8M
Latest YoY
+4.3%
Avg. growth/yr (3Y)
+10.2%
Avg. growth/yr (5Y)
+15.0%
Avg. growth/yr (17Y)
+15.4%
Revenue +14.0%/yr
FY21 €43.7M
FY22 €55.1M
FY23 €66.9M
FY24 €70.8M
FY25 €73.8M
Net income −0.2%/yr
FY21 €59.7M
FY22 €88.7M
FY23 −€5.8M
FY24 €25.7M
FY25 €59.2M

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Cite: Fair Value Calculator (2026). "Care Property Invest NV Fair Value". https://www.fairvalue-calculator.com/stock/CPINV

Peer Group

REIT - Healthcare Facilities · 28 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside +1% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 3% · Above median
Net margin (TTM) 76% · Top 25%
Operating margin (TTM) 84% · Top 25%
Revenue growth 12% · Above median
Dividend yield (TTM) 8.0% · Top 25%
Debt / equity 0.80× · Higher than median

Valuation Multiples vs REIT - Healthcare Facilities median · lower = cheaper

P/E (TTM) 8.3× · Cheaper than 75% of peers
P/B 0.87× · Cheaper than 75% of peers
P/S (TTM) 7.92× · Pricier than median
P/FCF 15.7× · Cheaper than median
EV/EBITDA 18.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 35 · sector 0
FUTURE 59 · sector 30
PAST 35 · sector 21
HEALTH 60 · sector 71
DIVIDEND 100 · sector 100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Healthcare Facilities stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Welltower Inc WELL $231.59 $42.21 -82%
Ventas, Inc VTR $100.53 $18.07 -82%
Omega Healthcare Investors, Inc OHI $51.72 $33.69 -35%
Healthpeak Properties, Inc DOC $22.27 $7.02 -68%
American Healthcare REIT, Inc AHR $56.38 $11.04 -80%
CareTrust REIT, Inc CTRE $43.25 $23.07 -47%
Healthcare Realty Trust Incorporated HR $21.40 $20.60 -4%
Aedifica NV AED €69.85 €36.17 -48%
Chartwell Retirement Residences CSHUN C$22.81 C$3.52 -85%
Sabra Health Care REIT, Inc SBRA $22.36 $10.49 -53%

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Frequently asked questions

Is Care Property Invest NV (CPINV) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €12.72 versus a price of €12.60, about +1% (fairly valued).
What is the fair value of CPINV?
Our model-based fair value for Care Property Invest NV is €12.72 (as of Aug 6, 2026), built from audited fundamentals. The current price is €12.60.
What is the quality score of CPINV?
Care Property Invest NV has a Quality Score of 54/100. 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 revenue of Care Property Invest NV (CPINV)?
Care Property Invest NV reported trailing-twelve-month revenue of about €77.4M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of CPINV?
The net profit margin of Care Property Invest NV is about 76.2%, meaning it keeps roughly 76.2% of revenue as net income. Based on the latest reported figures.
Does Care Property Invest NV pay a dividend?
Care Property Invest NV currently shows a dividend yield of about 8.05% relative to its recent price (as of Aug 6, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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