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← CockpitCompetitor Analysis › IMDA.PA Immobiliere Dassault SAOpen in the cockpit ↗

Immobiliere Dassault SAIMDA.PACompetitor analysis, valuation and peers

France · EUR·Real Estate›Real Estate Investment Trusts
Momentum laggard 16
Mkt cap
$335M
US dollars, full cap
Free float
9%
of shares outstanding
$/day
$29,183
20-day average traded
P/B
0.60×
price to book
ROE
-19.9%
delivered
Implied ROE
5.0%
what the price asks
Close · EUR€39.60
1D-1.2%
1W-4.1%
1M-4.6%
3M-15.9%
6M-20.6%
YTD-23.6%
1Y-20.0%
ATR %1.6%
52w lowhigh26.4% off high

What Immobiliere Dassault does

Employees: 11

Immobiliere Dassault at a glance

Size Immobiliere Dassault (IMDA.PA) is a France Real Estate company (Real Estate Investment Trusts) with a market value of $335M, the 200th largest of 206 France companies the cockpit tracks. Shares closed at €39.60 on 6 Nov 2026.

Performance Over six months the shares fell 20.6%, against -8.3% for the median peer and -0.4% for the France market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 13.6% over the last twelve months (peer median -0.9%); the operating margin is 97.0% (peer median 59.8%).

Valuation It trades at 0.60× book value against a peer median of 0.74× (7th cheapest of 21).

Price implies The share price implies a return on equity of about 5.0%; Immobiliere Dassault delivers -19.9%, so the price asks more than the business earns today.

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 91IMDA.PA 79
Six months, rebased to 100: Immobiliere Dassault against the median of its 20 peers (local-currency closes).

Immobiliere Dassault financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€36.3M€34.8M€30.1M€31.7M€25.9M
Revenue growth—+16%-5%+22%—
Gross profit€34.1M€33.1M€27.8M€29.2M€22.8M
EBITDA€35.3M€33.3M€25.2M€23.3M€26.8M
Net income-€110M€28.3M€27.3M-€26.1M€43.8M
Free cash flow€24.9M€27.8M€20.9M€13.1M€15.8M
Capital expenditure€2,000€10,000€0€99,000€10,000
Total debtn/a€334M€262M€252M€243M

Quarterly statements and history in the cockpit →

Immobiliere Dassault competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%+10%2191MRT-UNKREF180701ARMSELER180101FPIYSILLANDHABACDP448730COFINEA2972AW9URWTNSIODBUIMDA.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Immobiliere Dassault is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%0.50×0.75×10×1.25×2191MRT-UNKREF180701ARMSELER180101FPILANDHABACDP448730COFINEA2972AW9URWTNSIODBUIMDA.PAReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Immobiliere Dassault is the large dot.

Capital: ROE delivered against the ROE the price implies

-20%-10%0%10%-20%-10%0%10%2191MRT-UNKREFARMSELER180101FPILANDHABACDPCOF2972NSIODBUIMDA.PAROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Immobiliere Dassault is the large dot.

Immobiliere Dassault competitors and peer comparison

How Immobiliere Dassault compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Immobiliere Dassault against its 20 peers (data as of 6 Nov 2026)
MeasureIMDA.PAPeer medianRank in peer set
1-month return-4.6%-0.2%8th lowest of 21
6-month return-20.6%-8.3%6th lowest of 21
Return on equity-19.9%2.8%lowest of 21
Price / book0.60×0.74×7th cheapest of 21
ROE the price implies5.0%5.3%7th least demanding of 21
ROE delivered-19.9%2.2%lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Immobiliere Dassault IMDA.PAFrance$335M-21%+14%-20%0.60×5.0%-19.9%
SF Real Estate Investment Trust 2191.HKHong Kong$333M+22%-7%4%0.82×5.1%4.0%
Morguard Real Estate Investment Trust MRT-UN.TOCanada$340M+8%-1%2%0.54×4.2%1.6%
KKR Real Estate Finance Trust KREFUnited States$327M-14%-21%-19%0.56×6.7%-18.8%
Yinhua Shaoxing Yuanshui Water Conservancy REIT 180701.SZChina$348M-8%+290%4%1.43×4.3%3.8%
Arima Real Estate SOCIMI ARM.MCSpain$356M-6%+210%8%0.91×5.4%7.7%
Selectirente SELER.PAFrance$367M-7%+2%5%0.88×6.0%5.0%
Bosera CMSK Industrial Park REIT Units 180101.SZChina$305M-21%-15%-1%0.68×2.7%-0.7%
Farmland Partners FPIUnited States$369M-17%-6%2%0.87×8.1%2.2%
Silicius Real Estate Socimi YSIL.MCSpain$303M-5%+84%5%0.87×5.3%n/a
Gladstone Land LANDUnited States$303M-28%+22%-1%0.45×6.5%-1.0%
Hamborner REIT HABA.DEGermany$370M-19%-4%-2%0.97×6.3%-2.2%
Carindale Property Trust CDP.AXAustralia$302M-2%+5%10%0.73×5.6%10.2%
SamsungFN REIT 448730.KSSouth Korea$301M-28%+16%3%1.03×5.5%3.3%
Centuria Office REIT COF.AXAustralia$375M-3%-1%6%0.55×7.4%5.6%
Fonciere INEA INEA.PAFrance$382M-11%-1%1%0.68×5.3%0.5%
SANKEI REAL ESTATE 2972.TJapan$383M+4%-15%-5%1.28×5.0%-4.7%
First Real Estate Investment Trust AW9U.SISingapore$291M-27%-5%4%0.76×4.0%3.8%
Redwood Trust RWTUnited States$392M-44%-9%-4%0.44×7.2%-4.0%
Nsi NSI.ASNetherlands$394M+1%-4%-2%0.54×4.5%-2.5%
United Hampshire US Real Estate Investment Trust ODBU.SISingapore$284M-9%+3%6%0.64×4.6%5.6%

Questions

Which companies are Immobiliere Dassault's closest peers?
The cockpit's peer set: SF Real Estate Investment Trust (2191.HK), Morguard Real Estate Investment Trust (MRT-UN.TO), KKR Real Estate Finance Trust (KREF), Yinhua Shaoxing Yuanshui Water Conservancy REIT (180701.SZ), Arima Real Estate SOCIMI (ARM.MC), Selectirente (SELER.PA), Bosera CMSK Industrial Park REIT Units (180101.SZ), Farmland Partners (FPI).
Is Immobiliere Dassault expensive compared with its peers?
On price / book it trades at 0.60× against a peer median of 0.74×, 7th cheapest of 21 in its peer set. The share price implies a return on equity of about 5.0%; Immobiliere Dassault delivers -19.9%, so the price asks more than the business earns today.
How has Immobiliere Dassault stock performed?
Over six months to 6 Nov 2026 the shares returned -20.6% against -8.3% for the median peer; over one year -20.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.