Covivio Hotels
Covivio Hotels specializes in owning hotel properties. A listed real estate investment company (SIIC), and a real estate partner of major players in the hotel industry, Covivio Hotels holds assets worth "6.4 billions (as of the end of 2024). Covivio Hotels is rated BBB+ / Stable outlook by Standard and Poor's.
Covivio Hotels (COVH) - Net Assets
Latest net assets as of June 2025: €3.67 Billion EUR
Based on the latest financial reports, Covivio Hotels (COVH) has net assets worth €3.67 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.13 Billion) and total liabilities (€3.46 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.67 Billion |
| % of Total Assets | 51.47% |
| Annual Growth Rate | 27.94% |
| 5-Year Change | 15.5% |
| 10-Year Change | 85.55% |
| Growth Volatility | 181.39 |
Covivio Hotels - Net Assets Trend (2000–2024)
This chart illustrates how Covivio Hotels's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Covivio Hotels (2000–2024)
The table below shows the annual net assets of Covivio Hotels from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.60 Billion | +1.42% |
| 2023-12-31 | €3.55 Billion | -5.63% |
| 2022-12-31 | €3.76 Billion | +10.71% |
| 2021-12-31 | €3.40 Billion | +9.01% |
| 2020-12-31 | €3.12 Billion | -10.57% |
| 2019-12-31 | €3.49 Billion | +5.51% |
| 2018-12-31 | €3.30 Billion | +37.38% |
| 2017-12-31 | €2.41 Billion | +17.13% |
| 2016-12-31 | €2.05 Billion | +5.81% |
| 2015-12-31 | €1.94 Billion | +5.59% |
| 2014-12-31 | €1.84 Billion | +11.69% |
| 2013-12-31 | €1.65 Billion | +5.28% |
| 2012-12-31 | €1.56 Billion | +22.50% |
| 2011-12-31 | €1.28 Billion | +4.63% |
| 2010-12-31 | €1.22 Billion | +30.43% |
| 2009-12-31 | €935.02 Million | -20.02% |
| 2008-12-31 | €1.17 Billion | -13.84% |
| 2007-12-31 | €1.36 Billion | +40.68% |
| 2006-12-31 | €964.53 Million | +100.01% |
| 2005-12-31 | €482.23 Million | +883.07% |
| 2004-12-31 | €49.05 Million | +285.83% |
| 2003-12-31 | €12.71 Million | +5.04% |
| 2002-12-31 | €12.10 Million | +5.15% |
| 2001-12-31 | €11.51 Million | +18.30% |
| 2000-12-31 | €9.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Covivio Hotels's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 35607.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €224.60 Million | 6.54% |
| Common Stock | €592.60 Million | 17.25% |
| Other Comprehensive Income | €1.13 Billion | 32.93% |
| Other Components | €1.49 Billion | 43.28% |
| Total Equity | €3.43 Billion | 100.00% |
Covivio Hotels Competitors by Market Cap
The table below lists competitors of Covivio Hotels ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Melexis NV
PINK:MLXSF
|
$1.28 Billion |
|
Liberty Latin America Ltd
NASDAQ:LILA
|
$1.28 Billion |
|
Indah Kiat Pulp & Paper Tbk
JK:INKP
|
$1.28 Billion |
|
Asker Healthcare
ST:ASKER
|
$1.28 Billion |
|
Helios Towers plc
PINK:HTWSF
|
$1.28 Billion |
|
Payoneer Global Inc
NASDAQ:PAYO
|
$1.28 Billion |
|
Entra ASA
PINK:ENTOF
|
$1.27 Billion |
|
Hacksaw
ST:HACK
|
$1.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Covivio Hotels's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,387,137,000 to 3,434,500,000, a change of 47,363,000 (1.4%).
- Net income of 224,600,000 contributed positively to equity growth.
- Dividend payments of 1,926,000,000 reduced retained earnings.
- Share repurchases of 200,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income decreased equity by 4,176,000.
- Other factors increased equity by 1,752,139,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €224.60 Million | +6.54% |
| Dividends Paid | €1.93 Billion | -56.08% |
| Share Repurchases | €200.00K | -0.01% |
| Share Issuances | €1.00 Million | +0.03% |
| Other Comprehensive Income | €-4.18 Million | -0.12% |
| Other Changes | €1.75 Billion | +51.02% |
| Total Change | €- | 1.40% |
Book Value vs Market Value Analysis
This analysis compares Covivio Hotels's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.89x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €11.75 | €22.20 | x |
| 2005-12-31 | €15.69 | €22.20 | x |
| 2006-12-31 | €20.93 | €22.20 | x |
| 2007-12-31 | €26.94 | €22.20 | x |
| 2008-12-31 | €21.13 | €22.20 | x |
| 2009-12-31 | €16.95 | €22.20 | x |
| 2010-12-31 | €20.21 | €22.20 | x |
| 2011-12-31 | €21.15 | €22.20 | x |
| 2012-12-31 | €21.15 | €22.20 | x |
| 2013-12-31 | €23.28 | €22.20 | x |
| 2014-12-31 | €25.83 | €22.20 | x |
| 2015-12-31 | €23.98 | €22.20 | x |
| 2016-12-31 | €24.98 | €22.20 | x |
| 2017-12-31 | €24.87 | €22.20 | x |
| 2018-12-31 | €27.30 | €22.20 | x |
| 2019-12-31 | €26.98 | €22.20 | x |
| 2020-12-31 | €22.76 | €22.20 | x |
| 2021-12-31 | €22.68 | €22.20 | x |
| 2022-12-31 | €24.15 | €22.20 | x |
| 2023-12-31 | €22.87 | €22.20 | x |
| 2024-12-31 | €23.18 | €22.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Covivio Hotels utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.36%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.08x
- Recent ROE (6.54%) is below the historical average (7.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 18.89% | 79.26% | 0.23x | 1.04x | €1.02 Million |
| 2002 | 8.63% | 75.62% | 0.11x | 1.01x | €-165.40K |
| 2003 | 8.35% | 77.11% | 0.11x | 1.01x | €-210.40K |
| 2004 | 5.52% | 412.67% | 0.01x | 2.40x | €-2.20 Million |
| 2005 | 20.66% | 223.26% | 0.03x | 3.10x | €51.42 Million |
| 2006 | 18.73% | 155.89% | 0.05x | 2.36x | €84.24 Million |
| 2007 | 17.93% | 148.27% | 0.05x | 2.43x | €107.44 Million |
| 2008 | -10.00% | -58.35% | 0.06x | 2.79x | €-233.67 Million |
| 2009 | -17.23% | -83.39% | 0.06x | 3.22x | €-255.16 Million |
| 2010 | 21.35% | 130.35% | 0.06x | 2.62x | €138.61 Million |
| 2011 | 11.06% | 69.41% | 0.07x | 2.39x | €13.54 Million |
| 2012 | 7.04% | 53.97% | 0.05x | 2.41x | €-41.92 Million |
| 2013 | 11.70% | 82.94% | 0.06x | 2.24x | €25.43 Million |
| 2014 | 5.79% | 49.06% | 0.06x | 2.05x | €-71.05 Million |
| 2015 | 11.50% | 96.74% | 0.06x | 2.07x | €26.63 Million |
| 2016 | 6.63% | 64.94% | 0.05x | 1.93x | €-62.47 Million |
| 2017 | 11.55% | 110.46% | 0.05x | 2.01x | €33.76 Million |
| 2018 | 6.38% | 61.54% | 0.05x | 2.22x | €-109.88 Million |
| 2019 | 10.75% | 72.66% | 0.07x | 2.08x | €24.46 Million |
| 2020 | -11.49% | -138.91% | 0.04x | 2.32x | €-631.05 Million |
| 2021 | 1.57% | 17.32% | 0.04x | 2.14x | €-269.85 Million |
| 2022 | 13.38% | 101.60% | 0.07x | 1.97x | €121.01 Million |
| 2023 | -0.34% | -2.10% | 0.08x | 1.99x | €-350.29 Million |
| 2024 | 6.54% | 38.36% | 0.08x | 2.08x | €-118.85 Million |
Industry Comparison
This section compares Covivio Hotels's net assets metrics with peer companies in the REIT - Hotel & Motel industry.
No peer company data available for comparison.