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As of December 20, 2016, Castellana Properties Socimi, S.A (YCPS) Fair Value & Analysis

Real Estate · ES · Market cap €1.4B

AO As of December 20, 2016, Castellana Properties Socimi, S.A YCPS · MC
Price€9.50
Fair Value€7.38
Upside-22.3%
Quality42/100
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Healthy Growth
Highly profitable · 86.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Wide moat 67/100
Evidence: High Range €5.49 – €14.78 Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 24 days ago

Share price −1.6% over the past month.

Below-average quality, and screening another 22% overvalued on our models.

What matters now

  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (€5.49 to €14.78). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • 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)

€9.85 €4.25 Fair Value €7.38 Jul 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €4.25 – €9.85 · fair‑value band €5.49 – €14.78 · the €9.50 price screens above the €7.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

As of December 20, 2016, Castellana Properties Socimi, S.A (YCPS) currently trades at €9.50, while our model-based Fair Value estimate is €7.38, implying the stock looks roughly 22.3% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, As of December 20, 2016, Castellana Properties Socimi, S.A generated revenue of €153M at a net margin of 73.1%. Revenue grew 95.5% year over year. It earns a return on equity of 13.4%. Net debt stands at €587M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €5.49 (bear case) to €14.78 (bull case); at €9.50, 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 4% below its 52-week high and 44% 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 -22%, YCPS 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 €5.69 €11.50 €22.18 80
Residual Income €6.92 €8.02 €13.74 76
Rev-Margin DCF €4.09 €9.72 €20.67 74
All 16 models by family
DCF Models
FCF DCF €6.29 €10.61 €23.52 38
5Y Revenue Exit €3.86 €8.42 €17.92 39
5Y EBITDA Exit €5.96 €12.67 €25.80 41
10Y Revenue Exit €4.51 €12.24 €16.77 36
10Y EBITDA Exit €6.12 €16.37 €33.94 37
Dividend Discount
Gordon GGM €3.81 €6.86 €9.44 70
DDM Multi-Stage €3.81 €6.26 €7.33 61
Multiples
P/S Multiple €5.32 €7.09 €8.86 58
P/B Multiple €11.47 €15.29 €19.11 55
EV/EBIT €8.21 €11.98 €15.76 53
EV/EBITDA €5.66 €8.58 €11.51 54
EV/Revenue €2.23 €4.52 €6.81 43
Asset-Based
NCAV (Graham) €3.82 €5.12 €7.65 50
Growth DCF
Growth DCF €5.69 €11.50 €22.18 80
Rev-Margin DCF €4.09 €9.72 €20.67 74
Economic Profit
Residual Income €6.92 €8.02 €13.74 76

Widest divergence: DCF Models (€12.24) versus Asset-Based (€5.12). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €153M
Revenue growth (YoY) +95.5%
Net margin 73.1%
Return on equity 13.4%
Free cash flow €101M FY2026
P/E ratio 10.1
More key figures
Operating margin 64.4%
EPS (TTM) €0.9600
Dividend yield 8.9%
EPS growth (YoY) +37.8%
Net debt €587M FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 46 · Market factors (momentum, volatility) 84

Profitability 43
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 0
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

As of December 20, 2016, Castellana Properties Socimi, S.A. (BME:YCPS) operates as a subsidiary of Vukile Property Fund Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

As of December 20, 2016, Castellana Properties Socimi, S.A reported revenue of €160M in FY2026 versus €72.6M in FY2022, a compound +21.9%/yr. Reported net income was €151M in FY2026, compounding +34.8%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
€160M
Latest YoY
+57.1%
Avg. growth/yr (3Y)
+24.6%
Avg. growth/yr (5Y)
+23.7%
Avg. growth/yr (8Y)
+53.7%
Revenue +21.9%/yr
FY22 €72.6M
FY23 €82.8M
FY24 €89.4M
FY25 €102M
FY26 €160M
Net income +34.8%/yr
FY22 €45.7M
FY23 €46.5M
FY24 €22.4M
FY25 €90.8M
FY26 €151M

YCPS screens 22% overvalued. Compare with Simon Property Group →

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Cite: Fair Value Calculator (2026). "As of December 20, 2016, Castellana Properties Socimi, S.A Fair Value". https://www.fairvalue-calculator.com/stock/YCPS

Peer Group

REIT - Retail · 107 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 43 · Bottom 25%
Fair Value upside −22% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 87% · Top 25%
Operating margin (TTM) 67% · Top 25%
Revenue growth 31% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.46× · Lower than 75% of peers

Valuation Multiples vs REIT - Retail median · lower = cheaper

P/E (TTM) 8.5× · Cheaper than 75% of peers
P/B 1.46× · Pricier than median
P/S (TTM) 9.43× · Pricier than 75% of peers
P/FCF 16.2× · Pricier than median
EV/EBITDA 18.3× · Pricier than 75% of peers

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 4 · sector 9
FUTURE 100 · sector 22
PAST 62 · sector 30
HEALTH 77 · sector 66
DIVIDEND 0 · sector 100

Insider activity: 30/100

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 - Retail stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Frequently asked questions

Is As of December 20, 2016, Castellana Properties Socimi, S.A (YCPS) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €7.38 versus a price of €9.50, about −22% (overvalued).
What is the fair value of YCPS?
Our model-based fair value for As of December 20, 2016, Castellana Properties Socimi, S.A is €7.38 (as of Jul 16, 2026), built from audited fundamentals. The current price is €9.50.
What is the quality score of YCPS?
As of December 20, 2016, Castellana Properties Socimi, S.A has a Quality Score of 42/100. 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 As of December 20, 2016, Castellana Properties Socimi, S.A (YCPS)?
As of December 20, 2016, Castellana Properties Socimi, S.A reported trailing-twelve-month revenue of about €153M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of YCPS?
The net profit margin of As of December 20, 2016, Castellana Properties Socimi, S.A is about 73.1%, meaning it keeps roughly 73.1% of revenue as net income. Based on the latest reported figures.
Does As of December 20, 2016, Castellana Properties Socimi, S.A pay a dividend?
As of December 20, 2016, Castellana Properties Socimi, S.A currently shows a dividend yield of about 8.86% relative to its recent price (as of Jul 16, 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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