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ISC Fresh Water Investment SOCIMI, S.A (YISC) Fair Value & Analysis

Real Estate · ES · Market cap €135M

IF ISC Fresh Water Investment SOCIMI, S.A YISC · MC
Price€15.10
Fair Value€12.61
Upside-16.5%
Quality70/100
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Healthy Growth
Highly profitable · 45.8% net margin
High debt · generates free cash flow
Mixed vs. peers (7/14)
Wide moat 82/100
Evidence: High Range €8.61 – €29.35 Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Share price −16.1% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (€8.61 to €29.35). 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)

€18.00 €13.00 Fair Value €12.61 Jul 2016 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 16, 2026.

How to read this chart

60‑month range €13.00 – €18.00 · fair‑value band €8.61 – €29.35 · the €15.10 price screens above the €12.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 16, 2026.

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Analysis

ISC Fresh Water Investment SOCIMI, S.A (YISC) currently trades at €15.10, while our model-based Fair Value estimate is €12.61, implying the stock looks roughly 16.5% overvalued today. The Quality Score stands at 70/100 (solid 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, ISC Fresh Water Investment SOCIMI, S.A generated revenue of €27.1M at a net margin of 45.8%. Revenue grew 2.4% year over year. It earns a return on equity of 30.7%. Net debt stands at €111M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €8.61 (bear case) to €29.35 (bull case); at €15.10, 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 16% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at -16%, YISC 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 €6.81 €12.25 €18.26 80
Residual Income €8.61 €11.90 €57.08 76
P/S Multiple €17.61 €23.48 €29.35 58
All 13 models by family
DCF Models
FCF DCF €6.59 €12.61 €19.58 38
5Y Revenue Exit €4.62 €12.39 €21.81 39
5Y EBITDA Exit €16.55 €33.56 €52.55 41
10Y Revenue Exit €4.96 €11.36 €19.04 36
10Y EBITDA Exit €11.71 €23.58 €38.15 37
Multiples
P/S Multiple €17.61 €23.48 €29.35 58
P/B Multiple €8.34 €11.12 €13.89 55
EV/EBIT €27.25 €40.84 €54.43 53
EV/EBITDA €30.45 €45.10 €59.75 54
EV/Revenue €4.19 €11.78 €19.37 43
Asset-Based
NCAV (Graham) €2.78 €3.72 €5.56 50
Growth DCF
Growth DCF €6.81 €12.25 €18.26 80
Economic Profit
Residual Income €8.61 €11.90 €57.08 76

Widest divergence: Multiples (€23.48) versus Asset-Based (€3.72). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €27.1M
Revenue growth (YoY) +2.4%
Net margin 45.8%
Return on equity 30.7%
Free cash flow €19.2M FY2025
P/E ratio 12.2
More key figures
Operating margin 67.8%
EPS (TTM) €1.47
EPS growth (YoY) +17.4%
Net debt €111M FY2025

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 64 · Market factors (momentum, volatility) 43

Profitability 63
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 82
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

ISC Fresh Water Investment SOCIMI, S.A. operates as a real estate investment company in Spain. It acquires and promotes urban real estate for lease. ISC Fresh Water Investment SOCIMI, S.A. was formerly known as Advantage River Investment, S.L. and changed its name to ISC Fresh Water Investment SOCIMI, S.A. in July 2007.

Full company description

ISC Fresh Water Investment SOCIMI, S.A. operates as a real estate investment company in Spain. It acquires and promotes urban real estate for lease. ISC Fresh Water Investment SOCIMI, S.A. was formerly known as Advantage River Investment, S.L. and changed its name to ISC Fresh Water Investment SOCIMI, S.A. in July 2007. The company was incorporated in 2007 and is based in Madrid, Spain. ISC Fresh Water Investment SOCIMI, S.A. operates as a subsidiary of Branch Management Sociedad Anónima Promotora De Inversión De Capital Variable.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ISC Fresh Water Investment SOCIMI, S.A reported revenue of €27.1M in FY2025 versus €22.6M in FY2021, a compound +4.6%/yr. Reported net income was €12.4M in FY2025, compounding +2.8%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€27.1M
Latest YoY
+2.5%
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.
+4.7%
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.
+3.8%
Avg. growth/yr (6Y) 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.
+3.5%
Revenue +4.6%/yr
FY21 €22.6M
FY22 €23.6M
FY23 €25.4M
FY24 €26.4M
FY25 €27.1M
Net income +2.8%/yr
FY21 €11.1M
FY22 €12.4M
FY23 €8.2M
FY24 €11.0M
FY25 €12.4M

YISC screens 16% overvalued. Compare with Goodman Group →

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Cite: Fair Value Calculator (2026). "ISC Fresh Water Investment SOCIMI, S.A Fair Value". https://www.fairvalue-calculator.com/stock/YISC

Peer Group

REIT - Diversified · 165 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 71 · Top 25%
Fair Value upside −17% · Below median
Return on equity (TTM) 31% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 46% · Above median
Operating margin (TTM) 68% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 2.61× · Higher than 75% of peers

Valuation Multiples vs REIT - Diversified median · lower = cheaper

P/E (TTM) 12.2× · Pricier than median
P/B 3.74× · Pricier than 75% of peers
P/S (TTM) 5.76× · Pricier than median
P/FCF 8.1× · Cheaper than median
EV/EBITDA 10.0× · Cheaper 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 11 · sector 13
FUTURE 12 · sector 13
PAST 100 · sector 20
HEALTH 0 · sector 72
DIVIDEND 0 · sector 97

Insider activity: 45/100

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

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W. P. Carey Inc WPC $76.69 $35.59 -54%
Charter Hall Group CHC A$21.90 A$11.46 -48%
Fibra Uno FUNO11 31.10 MXN 63.56 MXN +104%
COV COV €52.55 €62.39 +19%
The GPT Group GPT A$4.89 A$3.49 -29%
Mirvac Group MGR A$1.70 A$0.5700 -66%
KLCC Property Holdings 5235SS 8.85 MYR 6.91 MYR -22%
CRRUN CRRUN C$17.65 C$17.89 +1%

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Frequently asked questions

Is ISC Fresh Water Investment SOCIMI, S.A (YISC) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €12.61 versus a price of €15.10, about −16% (overvalued).
What is the fair value of YISC?
Our model-based fair value for ISC Fresh Water Investment SOCIMI, S.A is €12.61 (as of Jul 16, 2026), built from audited fundamentals. The current price is €15.10.
What is the quality score of YISC?
ISC Fresh Water Investment SOCIMI, S.A has a Quality Score of 70/100. 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 ISC Fresh Water Investment SOCIMI, S.A (YISC)?
ISC Fresh Water Investment SOCIMI, S.A reported trailing-twelve-month revenue of about €27.1M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of YISC?
The net profit margin of ISC Fresh Water Investment SOCIMI, S.A is about 45.8%, meaning it keeps roughly 45.8% of revenue as net income. Based on the latest reported figures.

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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