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Immo Moury SCA (IMMOU) Fair Value & Analysis

Real Estate · BE · Market cap €14.8M

IM Immo Moury SCA IMMOU · BR
Price€31.80
Fair Value€42.06
Upside+32.3%
Quality54/100
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Expensive Growth
Highly profitable · 42.8% net margin
Moderate debt · generates free cash flow
5.52% dividend yield
Mixed vs. peers (7/14)
Moderate moat 59/100
Evidence: High Range €31.54 – €43.83 Share as image

Fair value as of: Aug 6, 2026

From 14 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from €40.32 to €42.06 (+4.3%) since Jul 26, 2026.

A solid business, screening 32% undervalued on our models.

What matters now

  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

€41.60 €25.37 Fair Value €42.06 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 €25.37 – €41.60 · fair‑value band €31.54 – €43.83 · the €31.80 price screens below the €42.06 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Immo Moury SCA (IMMOU) currently trades at €31.80, while our model-based Fair Value estimate is €42.06, implying the stock looks roughly 32.3% undervalued 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, Immo Moury SCA generated revenue of €3.2M at a net margin of 33.5%. Revenue declined 13.0% year over year. It earns a return on equity of 4.3%. Net debt stands at €21.7M. Fundamentals as of Aug 6, 2026

Our scenario range runs from €31.54 (bear case) to €43.83 (bull case); at €31.80, 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 21% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -50% fair-value upside, at 32%, IMMOU 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 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. Evidence
Highest evidence
Growth DCF €3.28 €16.46 80
Residual Income €38.88 €37.67 €31.40 76
Rev-Margin DCF €7.33 €25.22 74
All 14 models by family
DCF Models
FCF DCF €5.30 €21.92 38
5Y Revenue Exit €7.38 €28.08 39
5Y EBITDA Exit €17.89 €42.78 41
10Y Revenue Exit €4.19 €22.46 36
10Y EBITDA Exit €10.48 €32.19 37
Multiples
P/S Multiple €31.54 €42.06 €52.57 58
P/B Multiple €35.70 €47.60 €59.50 55
EV/EBIT €16.20 €34.35 €52.50 53
EV/EBITDA €4.90 €19.28 €33.67 54
EV/Revenue €4.65 €17.52 43
Asset-Based
NCAV (Graham) €28.29 €37.91 €56.58 50
Growth DCF
Growth DCF €3.28 €16.46 80
Rev-Margin DCF €7.33 €25.22 74
Economic Profit
Residual Income €38.88 €37.67 €31.40 76

Widest divergence: Asset-Based (€37.91) versus Growth DCF (€3.28). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €3.2M
Revenue growth (YoY) -13.0%
Net margin 33.5%
Return on equity 4.3%
Free cash flow €1.7M FY2026
P/E ratio 13.9
More key figures
Operating margin 66.0%
EPS (TTM) €2.32
Dividend yield 5.6%
EPS growth (YoY) +77.8%
Net debt €21.7M FY2026

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 52 · Market factors (momentum, volatility) 45

Profitability 34
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 81
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

Immo Moury SCA is a real estate investment trust. Immo Moury SCA is based in Belgium.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Immo Moury SCA reported revenue of €3.0M in FY2026 versus €2.2M in FY2022, a compound +8.3%/yr. Reported net income was €1.3M in FY2026, compounding −20.6%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
€3.0M
Latest YoY
−12.6%
Avg. growth/yr (3Y) 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.
+2.1%
Avg. growth/yr (5Y) 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.
+5.2%
Avg. growth/yr (18Y) 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.
+23.6%
Revenue +8.3%/yr
FY22 €2.2M
FY23 €2.8M
FY24 €3.5M
FY25 €3.4M
FY26 €3.0M
Net income −20.6%/yr
FY22 €3.3M
FY23 €2.4M
FY24 €442K
FY25 €764K
FY26 €1.3M
Character of growth · EPS growth decomposed (2015-2026) −2.9 % p.a.
Revenue per share +4.1 pp

of which total revenue +4.2 pp · buybacks/dilution +0.0 pp

EBIT margin −0.9 pp
Tax rate −0.3 pp
Residual (interest, one-offs) −5.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Immo Moury SCA Fair Value". https://www.fairvalue-calculator.com/stock/IMMOU

Peer Group

REIT - Specialty · 34 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 56 · Below median
Fair Value upside +32% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Bottom 25%
Net margin (TTM) 43% · Above median
Operating margin (TTM) 40% · Below median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 5.5% · Above median
Debt / equity 0.68× · Higher than median

Valuation Multiples vs REIT - Specialty median · lower = cheaper

P/E (TTM) 11.5× · Cheaper than median
P/B 0.65× · Cheaper than 75% of peers
P/S (TTM) 5.65× · Cheaper than median
P/FCF 10.3× · Cheaper than median
EV/EBITDA 21.9× · 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 76 · sector 5
FUTURE 0 · sector 25
PAST 20 · sector 28
HEALTH 66 · sector 76
DIVIDEND 100 · sector 99

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 - Specialty stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Equinix, Inc EQIX $1,009 $232.70 -77%
American Tower Corporation AMT $164.65 $92.31 -44%
Digital Realty Trust, Inc DLR $199.08 $63.31 -68%
Iron Mountain Incorporated IRM $128.31 $40.43 -68%
Crown Castle Inc CCI $74.90 $37.67 -50%
SBA Communications Corporation SBAC $173.57 $143.83 -17%
Weyerhaeuser Company WY $23.94 $8.62 -64%
Lamar Advertising Company LAMR $159.46 $102.70 -36%
Gaming and Leisure Properties, Inc GLPI $45.17 $36.60 -19%
Rayonier Inc RYN $21.58 $9.96 -54%

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Frequently asked questions

Is Immo Moury SCA (IMMOU) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €42.06 versus a price of €31.80, about +32% (undervalued).
What is the fair value of IMMOU?
Our model-based fair value for Immo Moury SCA is €42.06 (as of Aug 6, 2026), built from audited fundamentals. The current price is €31.80.
What is the quality score of IMMOU?
Immo Moury SCA 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 Immo Moury SCA (IMMOU)?
Immo Moury SCA reported trailing-twelve-month revenue of about €3.2M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of IMMOU?
The net profit margin of Immo Moury SCA is about 33.5%, meaning it keeps roughly 33.5% of revenue as net income. Based on the latest reported figures.
Does Immo Moury SCA pay a dividend?
Immo Moury SCA currently shows a dividend yield of about 5.63% 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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