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EBR/INCLU (EBR/INCLU)

Euronext Brussels: EBR/INCLU · EUR

€15.2

-0.05 (-0.3%)· Recorded snapshot

Market cap	118.4M
Revenue (ttm)	17.4M
Net income (ttm)	21.1M
EPS (ttm)	€2.74
Shares out	7.8M
P/E (trailing)	5.6x
P/E (forward)	13.6x
Dividend	€0.92 (6.05%)
Volume	2,294
Beta	0.53

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	EUR
Country	Belgium
Country code	BE
Earnings date	2026-11-18
Employees	15
Employees change	1
Employees growth	7.14%
Enterprise value	EUR 297.6M
Exchange	Euronext Brussels
Financial currency	EUR
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2011
Industry	Real Estate Services
Is primary listing	Yes
ISIN number	BE0974374069
Last earnings date	2026-02-27
Last refreshed	2026-10-29
Market cap	EUR 118.4M
Next earnings date	2026-11-18
Price	EUR 15.20
Price currency	EUR
Sector	Real Estate
SIC code	6513
Stock price date	2026-10-29
Symbol	ebr/INCLU
Website	https://www.inclusio.be

Metric

Value

Amount currency

EUR

Country

Belgium

Country code

Earnings date

2026-11-18

Employees

Employees change

Employees growth

7.14%

Enterprise value

EUR 297.6M

Exchange

Euronext Brussels

Financial currency

EUR

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

2011

Industry

Real Estate Services

Is primary listing

Yes

ISIN number

BE0974374069

Last earnings date

2026-02-27

Last refreshed

2026-10-29

Market cap

EUR 118.4M

Next earnings date

2026-11-18

Price

EUR 15.20

Price currency

EUR

Sector

Real Estate

SIC code

6513

Stock price date

2026-10-29

Symbol

ebr/INCLU

Website

https://www.inclusio.be

Metric	Value
Average P/E ratio (3Y)	5.56x
Average P/E ratio (5Y)	6.37x
Earnings yield	18.01%
EV/Earnings	14.1x
EV/EBIT	23x
EV/EBITDA	22.85x
EV/FCF	179.27x
EV/Sales	17.16x
FCF / EV yield	0.56%
FCF yield	1.4%
Forward P/E	13.63x
Graham number	44.15525
Graham upside	189.54%
Industry P/E	8.21x
Lynch fair value	EUR 68.42
Lynch upside	348.65%
P/B ratio	0.48x
P/E ratio	5.55x
P/FCF ratio	71.49x
P/OCF ratio	48.86x
P/S ratio	6.84x
Price / tangible book value	0.48x
Price/EBITDA ratio	9.11x
Sector forward P/E	11.14x
Sector P/E	9.53x

Metric

Value

Average P/E ratio (3Y)

5.56x

Average P/E ratio (5Y)

6.37x

Earnings yield

18.01%

EV/Earnings

14.1x

EV/EBIT

23x

EV/EBITDA

22.85x

EV/FCF

179.27x

EV/Sales

17.16x

FCF / EV yield

0.56%

FCF yield

1.4%

Forward P/E

13.63x

Graham number

44.15525

Graham upside

189.54%

Industry P/E

8.21x

Lynch fair value

EUR 68.42

Lynch upside

348.65%

P/B ratio

0.48x

P/E ratio

5.55x

P/FCF ratio

71.49x

P/OCF ratio

48.86x

P/S ratio

6.84x

Price / tangible book value

0.48x

Price/EBITDA ratio

9.11x

Sector forward P/E

11.14x

Sector P/E

9.53x

Metric	Value
EBIT margin	74.6%
EBITDA margin	75.08%
Effective tax rate	0.19%
FCF margin	9.57%
Gross margin	92.63%
Operating margin	74.6%
Pretax margin	121.93%
Profit margin	121.7%
Profit per employee	EUR 1.4M
Profitable quarters	9
Profitable years	8
Revenue per employee	EUR 1.2M
ROA	1.96%
ROA (5Y)	1.83%
ROCE	3.31%
ROE	8.87%
ROE (5Y)	10.68%
ROIC	3.03%
ROIC (5Y)	2.95%
Tax / revenue	0.23%

Metric

Value

EBIT margin

74.6%

EBITDA margin

75.08%

Effective tax rate

0.19%

FCF margin

9.57%

Gross margin

92.63%

Operating margin

74.6%

Pretax margin

121.93%

Profit margin

121.7%

Profit per employee

EUR 1.4M

Profitable quarters

Profitable years

Revenue per employee

EUR 1.2M

ROA

1.96%

ROA (5Y)

1.83%

ROCE

3.31%

ROE

8.87%

ROE (5Y)

10.68%

ROIC

3.03%

ROIC (5Y)

2.95%

Tax / revenue

0.23%

Metric	Value
EPS growth	27.09%
EPS growth (Q)	91.8%
EPS growth (QoQ)	19.78%
EPS growth 3Y	4.84%
EPS growth 5Y	57.78%
EPS growth quarters	1
EPS growth years	0
Net income growth	30.53%
Net income growth (Q)	96.59%
Net income growth (QoQ)	22.5%
Net income growth 3Y	6.23%
Net income growth 5Y	65.39%
Net income growth quarters	1
Net income growth years	0
OCF growth	-63.33%
OCF growth (Q)	-40.35%
OCF growth (QoQ)	378.08%
OCF growth 5Y	-7.92%
Revenue growth	3.6%
Revenue growth (Q)	4.85%
Revenue growth (QoQ)	6.35%
Revenue growth 3Y	11.9%
Revenue growth 5Y	22.21%
Revenue growth quarters	6
Revenue growth years	5

Metric

Value

EPS growth

27.09%

EPS growth (Q)

91.8%

EPS growth (QoQ)

19.78%

EPS growth 3Y

4.84%

EPS growth 5Y

57.78%

EPS growth quarters

EPS growth years

Net income growth

30.53%

Net income growth (Q)

96.59%

Net income growth (QoQ)

22.5%

Net income growth 3Y

6.23%

Net income growth 5Y

65.39%

Net income growth quarters

Net income growth years

OCF growth

-63.33%

OCF growth (Q)

-40.35%

OCF growth (QoQ)

378.08%

OCF growth 5Y

-7.92%

Revenue growth

3.6%

Revenue growth (Q)

4.85%

Revenue growth (QoQ)

6.35%

Revenue growth 3Y

11.9%

Revenue growth 5Y

22.21%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	EUR -769,829
EBIT	EUR 13M
EBITDA	EUR 13M
EPS	EUR 2.74
FCF per share	EUR 0.21
Financing cash flow	EUR 15.5M
Free cash flow	EUR 1.7M
Gross profit	EUR 16.1M
Income taxes	EUR 39,410
Investing cash flow	EUR -17.9M
Net cash flow	EUR 17,731
Net income	EUR 21.1M
Operating income	EUR 13M
Revenue	EUR 17.4M

Metric

Value

Capital expenditures

EUR -769,829

EBIT

EUR 13M

EBITDA

EUR 13M

EPS

EUR 2.74

FCF per share

EUR 0.21

Financing cash flow

EUR 15.5M

Free cash flow

EUR 1.7M

Gross profit

EUR 16.1M

Income taxes

EUR 39,410

Investing cash flow

EUR -17.9M

Net cash flow

EUR 17,731

Net income

EUR 21.1M

Operating income

EUR 13M

Revenue

EUR 17.4M

Metric	Value
Book value per share	EUR 31.66
Debt / EBITDA	13.78
Debt / equity	0.73
Debt / FCF	108.09
Interest coverage	2.72
Net cash (debt)	EUR -179.2M
Net cash / market cap	-150.77%
Net debt / EBITDA	13.74
Net debt / equity	0.73
Net debt / FCF	107.78
Piotroski F-Score	3
Property, plant and equipment	EUR 413.5M
Shareholders' equity	EUR 246.7M
Tangible book value	EUR 246.7M
Tangible book value per share	EUR 31.66
Total assets	EUR 429.9M
Total cash	EUR 512,845
Total debt	EUR 179.7M
Total liabilities	EUR 183.2M
WACC	4.44%

Metric

Value

Book value per share

EUR 31.66

Debt / EBITDA

13.78

Debt / equity

0.73

Debt / FCF

108.09

Interest coverage

2.72

Net cash (debt)

EUR -179.2M

Net cash / market cap

-150.77%

Net debt / EBITDA

13.74

Net debt / equity

0.73

Net debt / FCF

107.78

Piotroski F-Score

Property, plant and equipment

EUR 413.5M

Shareholders' equity

EUR 246.7M

Tangible book value

EUR 246.7M

Tangible book value per share

EUR 31.66

Total assets

EUR 429.9M

Total cash

EUR 512,845

Total debt

EUR 179.7M

Total liabilities

EUR 183.2M

WACC

4.44%

Metric	Value
Asset turnover	0.04
Current ratio	0.12
Net working capital	EUR 610,567
Quick ratio	0.05
Working capital	EUR -34.2M

Metric

Value

Asset turnover

0.04

Current ratio

0.12

Net working capital

EUR 610,567

Quick ratio

0.05

Working capital

EUR -34.2M

Metric	Value
Buyback yield / dilution	-2.45%
Dividend growth	12.2%
Dividend growth (3Y)	9.54%
Dividend growth years	3
Dividend payment date	2026-06-17
Dividend payment years	5
Dividend payout frequency	Annual
Dividend per share	EUR 0.92
Dividend yield	6.05%
Ex-dividend date	2026-05-25
FCF payout ratio	431.28%
Last dividend	EUR 0.92
Payout ratio	19.72%
Shareholder yield	3.58%

Metric

Value

Buyback yield / dilution

-2.45%

Dividend growth

12.2%

Dividend growth (3Y)

9.54%

Dividend growth years

Dividend payment date

2026-06-17

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

EUR 0.92

Dividend yield

6.05%

Ex-dividend date

2026-05-25

FCF payout ratio

431.28%

Last dividend

EUR 0.92

Payout ratio

19.72%

Shareholder yield

3.58%

Metric	Value
150-day SMA	EUR 16.84
1D price change	-0.33%
1M price change	-6.46%
1M total return	-6.46%
1W price change	-2.88%
1W total return	-2.88%
1Y price change	-17.84%
1Y return CAGR	-14.67%
1Y total return	-14.66%
20-day SMA	EUR 15.78
200-day SMA	EUR 17.13
3M price change	-8.43%
3M total return	-8.43%
3Y price change	26.67%
3Y return CAGR	12.28%
3Y total return	41.56%
50-day SMA	EUR 16.27
50-day SMA vs 200-day SMA	50under200
52-week high	EUR 19.00
52-week high date	2026-02-27
52-week low	EUR 15.10
52-week low date	2026-10-29
5Y price change	-23.92%
5Y return CAGR	-2.12%
5Y total return	-10.16%
6M price change	-14.61%
6M total return	-11.31%
All-time high	EUR 23.00
All-time high date	2020-12-24
All-time low	EUR 11.50
All-time low date	2023-10-13
Average true range (ATR)	EUR 0.24
Average volume	2.8K
Beta (1Y)	0.53
Beta (2Y)	0.41
Beta (5Y)	0.53
Change from 52-week high	-20%
Change from 52-week low	0.66%
Change from all-time high	-33.91%
Change from all-time low	32.17%
Change from open	-0.33%
Day's gap	0%
Dollar volume	EUR 34,869
High price	EUR 15.25
Low price	EUR 15.10
Monthly RSI	42.57
Open price	EUR 15.25
Position in 52-week range	66.67%
Previous close	EUR 15.25
Price vs 150-day SMA	-9.75%
Price vs 20-day SMA	-3.66%
Price vs 200-day SMA	-11.27%
Price vs 50-day SMA	-6.55%
Relative volume	0.82
RSI	31.71
Sharpe ratio	-1.09
Sharpe ratio (3Y)	0.27
Sharpe ratio (5Y)	-0.11
Sortino ratio	-1.23
Sortino ratio (3Y)	0.7
Sortino ratio (5Y)	0.09
Volume	2.3K
Weekly RSI	33.59
YTD price change	-14.85%
YTD total return	-11.55%

Metric

Value

150-day SMA

EUR 16.84

1D price change

-0.33%

1M price change

-6.46%

1M total return

-6.46%

1W price change

-2.88%

1W total return

-2.88%

1Y price change

-17.84%

1Y return CAGR

-14.67%

1Y total return

-14.66%

20-day SMA

EUR 15.78

200-day SMA

EUR 17.13

3M price change

-8.43%

3M total return

-8.43%

3Y price change

26.67%

3Y return CAGR

12.28%

3Y total return

41.56%

50-day SMA

EUR 16.27

50-day SMA vs 200-day SMA

50under200

52-week high

EUR 19.00

52-week high date

2026-02-27

52-week low

EUR 15.10

52-week low date

2026-10-29

5Y price change

-23.92%

5Y return CAGR

-2.12%

5Y total return

-10.16%

6M price change

-14.61%

6M total return

-11.31%

All-time high

EUR 23.00

All-time high date

2020-12-24

All-time low

EUR 11.50

All-time low date

2023-10-13

Average true range (ATR)

EUR 0.24

Average volume

2.8K

Beta (1Y)

0.53

Beta (2Y)

0.41

Beta (5Y)

0.53

Change from 52-week high

-20%

Change from 52-week low

0.66%

Change from all-time high

-33.91%

Change from all-time low

32.17%

Change from open

-0.33%

Day's gap

Dollar volume

EUR 34,869

High price

EUR 15.25

Low price

EUR 15.10

Monthly RSI

42.57

Open price

EUR 15.25

Position in 52-week range

66.67%

Previous close

EUR 15.25

Price vs 150-day SMA

-9.75%

Price vs 20-day SMA

-3.66%

Price vs 200-day SMA

-11.27%

Price vs 50-day SMA

-6.55%

Relative volume

0.82

RSI

31.71

Sharpe ratio

-1.09

Sharpe ratio (3Y)

0.27

Sharpe ratio (5Y)

-0.11

Sortino ratio

-1.23

Sortino ratio (3Y)

0.7

Sortino ratio (5Y)

0.09

Volume

2.3K

Weekly RSI

33.59

YTD price change

-14.85%

YTD total return

-11.55%

Metric	Value
Shares change (QoQ)	2.28%
Shares change (YoY)	2.45%
Shares held by institutions	5.6%
Shares outstanding	7.8M

Metric

Value

Shares change (QoQ)

2.28%

Shares change (YoY)

2.45%

Shares held by institutions

5.6%

Shares outstanding

7.8M

EBR/INCLU (EBR/INCLU)

Price

Financial snapshot

Fair-value bridge

Latest news · EBR/INCLU

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All EBR/INCLU indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on EBR/INCLU

Frequently asked questions