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Icade S.A. (ICAD.PA)

EUR18.75 -0.15 (-0.79%)
FR PAR Real Estate REIT - Diversified
Address Open Building 92130
Issy-les-Moulineaux, FR
CEO Nicolas Joly
Website icade.fr
IPO 2000-01-03
ISIN FR0000035081

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Also trades on Euronext Paris · ICAD.PA (EUR) Other OTC · CDMGF (USD)
Description

Icade functions as a comprehensive real estate entity, actively investing in and developing properties. It specializes in crafting innovative real estate solutions and offerings tailored to evolving urban lifestyles and demands. With corporate social responsibility and innovation central to its strategic approach, Icade cultivates close relationships with a broad spectrum of urban stakeholders, including local governments, communities, businesses, their employees, and various institutions and associations. The company is a significant investor in office and healthcare properties, possessing a portfolio valued at €11.6 billion (as of June 30, 2020, on a proportionate consolidation basis), and also operates as a robust property developer, generating nearly €1 billion in economic revenues in 2019. Through these endeavors, Icade has redefined the real estate sector, championing the emergence of tomorrow's greener, smarter, and more responsible urban environments. Its operations are particularly prominent across the Greater Paris region and other major French cities. Icade is publicly traded on Euronext Paris as a French Listed Real Estate Investment Company (société d'investissement immobilier cotée, SIIC), and its primary shareholder is the Caisse des dépôts Group.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR18.75 -0.15 (-0.79%)
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Volume Profile
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Liquidity & share structure
Average Volume
112.0K
Beta
0.90
Float Shares
45.28M
Free Float %
59.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.86% +3.44% +2.93% -1.68% -0.75% -4.27% -12.83% -43.72% -71.25% -67.95% -8.43%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Buy
Price Targets & DCF
Current price
18.75
Ratings Trend (MoM) 8% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 4 0
Sell 4 0
Strong Sell 3 0
Quality scores
Altman Z-Score
0.60
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
  • Revenue growth
    -0.1% Q4'25: -18.7% (vs Q4'23)
  • EPS growth
    +55.5% Q4'25: +96.0% (vs Q4'23)
  • FCF margin
    Q4'25: +9.0% (vs Q4'23)
  • EBIT margin
    Q4'25: -1.9% (vs Q4'23)
  • ROIC
    Q4'25: -0.7% (vs Q4'23)
  • Share dilution
    +0.1% Q4'25: +0.2% (vs Q4'23)
  • Debt / EBITDA
    -229.76× Q4'25: -80.08× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.92) × ERP
WACC = 27% × Ke + 73% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 18.75
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
5 EPS Ana.
Dec 2027
5 Rev. Ana.
6 EPS Ana.
Dec 2028
4 Rev. Ana.
2 EPS Ana.
Dec 2029
3 Rev. Ana.
1 EPS Ana.
Revenue
1.50B
est: 1.49B (+0.8%)
1.62B
est: 1.61B (+0.2%)
1.51B
est: 1.49B (+1.1%)
1.43B
est: 1.39B (+3.1%)
1.49B
est: 1.47B (+1.3%)
1.50B
est: 1.41B (+6.1%)
1.46B
est: 1.53B (-4.8%)
1.72B
est: 1.64B (+4.9%)
1.43B
est: 545.90M (+162.2%)
1.49B
est: 686.50M (+116.6%)
1.63B
est: 562.44M (+189.6%)
1.77B
est: 629.69M (+181.5%)
1.53B
est: 631.40M (+141.9%)
1.45B
est: 655.80M (+120.6%)
1.65B
est: 702.87M (+134.5%)
1.57B
est: 614.35M (+155.3%)
1.53B
est: 1.52B (+0.3%)
1.45B
est: 385.21M (+276.8%)
1.45B
est: 367.86M (+294.1%)
316.96M
279.24M – 373.52M
-13.8% YoY
307.39M
264.34M – 382.97M
-3.0% YoY
315.73M
274.80M – 382.82M
+2.7% YoY
352.37M
306.69M – 427.24M
+11.6% YoY
EBITDA
417.00M
est: 239.09M (+74.4%)
611.60M
est: 349.90M (+74.8%)
893.40M
est: 381.28M (+134.3%)
1.45B
est: 578.28M (+151.3%)
414.40M
est: 1.33B (-68.8%)
465.10M
est: 200.49M (+132.0%)
583.20M
est: 264.73M (+120.3%)
639.00M
est: 349.21M (+83.0%)
821.80M
est: 341.87M (+140.4%)
515.40M
est: 310.79M (+65.8%)
594.30M
est: 297.44M (+99.8%)
631.40M
est: 137.04M (+360.7%)
568.90M
est: 445.18M (+27.8%)
575.70M
est: 521.34M (+10.4%)
621.20M
est: 533.25M (+16.5%)
-67.00M
est: 558.99M (-112.0%)
278.90M
est: 119.67M (+133.1%)
-160.80M
est: 30.27M (-631.3%)
-19.10M
est: 28.90M (-166.1%)
24.90M
21.94M – 29.35M
-13.8% YoY
24.15M
20.77M – 30.09M
-3.0% YoY
24.81M
21.59M – 30.08M
+2.7% YoY
27.69M
24.10M – 33.57M
+11.6% YoY
EBIT
337.50M
est: 196.24M (+72.0%)
448.90M
est: 361.71M (+24.1%)
714.90M
est: 412.88M (+73.1%)
1.33B
est: 614.00M (+116.4%)
243.60M
est: 1.42B (-82.8%)
201.40M
est: 228.59M (-11.9%)
318.10M
est: 217.93M (+46.0%)
252.40M
est: 324.22M (-22.2%)
38.70M
est: 350.51M (-89.0%)
216.90M
est: 26.83M (+708.3%)
287.30M
est: 238.97M (+20.2%)
324.20M
est: 106.49M (+204.4%)
249.50M
est: 337.30M (-26.0%)
545.10M
est: 427.58M (+27.5%)
600.70M
est: 437.36M (+37.3%)
-101.40M
est: 458.46M (-122.1%)
256.10M
est: 82.22M (+211.5%)
-267.70M
est: 20.79M (-1,387.4%)
-19.10M
est: 19.86M (-196.2%)
17.11M
15.07M – 20.16M
-13.8% YoY
16.59M
14.27M – 20.67M
-3.0% YoY
17.04M
14.83M – 20.67M
+2.7% YoY
19.02M
16.56M – 23.06M
+11.6% YoY
Net Income
36.90M
est: 187.22M (-80.3%)
312.50M
est: 40.01M (+681.1%)
527.10M
est: 288.78M (+82.5%)
1.22B
est: 486.60M (+150.3%)
93.00M
est: 1.28B (-92.7%)
51.50M
est: 89.21M (-42.3%)
126.90M
est: 57.08M (+122.3%)
151.50M
est: 136.15M (+11.3%)
-187.10M
est: 153.92M (-221.6%)
44.70M
est: -186.31M (+124.0%)
165.50M
est: 65.48M (+152.7%)
154.90M
est: 61.07M (+153.7%)
300.20M
est: 161.26M (+86.2%)
79.50M
est: 296.68M (-73.2%)
400.10M
est: 303.46M (+31.8%)
54.10M
est: -519.10M (+110.4%)
-1.25B
est: -953.40M (-31.1%)
-275.90M
est: 270.21M (-202.1%)
-123.00M
est: 239.55M (-151.3%)
198.01M
173.57M – 222.45M
-17.3% YoY
193.08M
161.49M – 224.67M
-2.5% YoY
191.36M
187.54M – 195.17M
-0.9% YoY
193.07M
160.53M – 246.40M
+0.9% YoY
SGA
est: 192.70M (-100.0%)
est: 298.93M (-100.0%)
935.20M
est: 258.65M (+261.6%)
903.60M
est: 244.18M (+270.1%)
24.60M
est: 236.79M (-89.6%)
111.10M
est: 190.41M (-41.7%)
est: 210.24M (-100.0%)
228.90M
est: 192.36M (+19.0%)
est: 135.12M (-100.0%)
est: 107.34M (-100.0%)
est: 146.57M (-100.0%)
228.90M
est: 45.16M (+406.8%)
218.30M
est: 146.28M (+49.2%)
222.30M
est: 138.21M (+60.8%)
381.50M
est: 141.37M (+169.9%)
415.20M
est: 148.20M (+180.2%)
-2.90M
est: 150.58M (-101.9%)
est: 39.12M (-100.0%)
est: 36.37M (-100.0%)
31.34M
27.61M – 36.93M
-13.8% YoY
30.39M
26.13M – 37.86M
-3.0% YoY
31.21M
27.17M – 37.85M
+2.7% YoY
34.84M
30.32M – 42.24M
+11.6% YoY
EPS
0.78
est: 2.47 (-68.4%)
6.41
est: 2.72 (+135.8%)
10.81
est: 2.85 (+279.3%)
23.92
est: 2.39 (+900.8%)
1.80
est: 2.86 (-37.1%)
1.00
est: 4.77 (-79.0%)
2.09
est: 4.44 (-52.9%)
2.05
est: 4.42 (-53.7%)
-2.54
est: 4.12 (-161.7%)
0.61
est: 3.95 (-84.6%)
2.24
est: 4.28 (-47.7%)
2.09
est: 4.61 (-54.7%)
4.06
est: 4.68 (-13.3%)
1.08
est: 4.30 (-74.9%)
5.33
est: 4.56 (+16.8%)
0.71
est: 4.74 (-85.0%)
-16.50
est: -12.58 (-31.1%)
-3.64
est: 3.38 (-207.6%)
-1.62
est: 3.27 (-149.5%)
2.75
2.29 – 2.93
-16.0% YoY
2.64
2.13 – 2.96
-3.9% YoY
2.52
2.47 – 2.57
-4.6% YoY
2.55
2.12 – 3.25
+0.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-28 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-27 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-26 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-25 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-22 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-21 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-20 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-19 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-18 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-15 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-14 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-13 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-12 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-11 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-08 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-07 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-06 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-05 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-04 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-04-30 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-28 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-27 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-04-24 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-16 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-59.09M
OE per share TTM
-0.78
Owner's Yield
-3.70%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
3.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 83 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-19.7K
Shares Outstanding
75.83M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Nicolas Joly Chief Executive Officer 686.0K male
Bruno Valentin Chief Financial Officer male
Emmanuelle Baboulin Head of the Commercial Property Investment Division female
Henri Chapouthier Head of Sustainable Development male
Jerome Lucchini General Secretary and Head of Governance, Legal Insurance & Department male
Johannah Mrejen Head of Asset Management
Jérôme Lucchini General Secretary and Head of Governance, Legal Insurance & Department male
Sandrine Heres Head of Human Resources & Work Environment female
Severine Floquet Schmit Head of Audit, Risk, Compliance & Internal Control Department female
Sophie Duval Head of Consolidation & Accounting female
Véronique Mercier Head of Communications & Public Affairs female
Anne-Violette Faugeras Director of Financing & Investor Relations female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits