FCR IMMOBILIEN AG (FC9.DE) Stock Fundamental Analysis
FRA:FC9 - Deutsche Boerse Ag - DE000A1YC913 - Common Stock - Currency: EUR
Overall FC9 gets a fundamental rating of 5 out of 10. We evaluated FC9 against 69 industry peers in the Real Estate Management & Development industry. While FC9 belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FC9 has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
FC9 had positive earnings in the past year.
FC9 had a positive operating cash flow in the past year.
FC9 had positive earnings in each of the past 5 years.
FC9 had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 1.66%, FC9 is doing good in the industry, outperforming 76.00% of the companies in the same industry.
FC9 has a Return On Equity of 5.81%. This is in the better half of the industry: FC9 outperforms 80.00% of its industry peers.
With an excellent Return On Invested Capital value of 8.09%, FC9 belongs to the best of the industry, outperforming 94.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FC9 is above the industry average of 4.12%.
The 3 year average ROIC (6.84%) for FC9 is below the current ROIC(8.09%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 5.81% | ||
| ROIC | 8.09% |
ROA(3y)2.65%
ROA(5y)2.74%
ROE(3y)10.04%
ROE(5y)10.37%
ROIC(3y)6.84%
ROIC(5y)7.14%
1.3 Margins
FC9 has a Profit Margin of 14.17%. This is in the better half of the industry: FC9 outperforms 78.67% of its industry peers.
FC9's Profit Margin has improved in the last couple of years.
FC9's Operating Margin of 72.31% is amongst the best of the industry. FC9 outperforms 92.00% of its industry peers.
FC9's Operating Margin has been stable in the last couple of years.
FC9 has a better Gross Margin (101.41%) than 100.00% of its industry peers.
FC9's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.31% | ||
| PM (TTM) | 14.17% | ||
| GM | 101.41% |
OM growth 3Y4.42%
OM growth 5Y1.31%
PM growth 3Y-14.5%
PM growth 5Y14.28%
GM growth 3Y-0.28%
GM growth 5Y18.47%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FC9 is destroying value.
The number of shares outstanding for FC9 has been increased compared to 1 year ago.
The number of shares outstanding for FC9 has been increased compared to 5 years ago.
Compared to 1 year ago, FC9 has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.87, we must say that FC9 is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.87, FC9 is in the better half of the industry, outperforming 64.00% of the companies in the same industry.
FC9 has a debt to FCF ratio of 3.02. This is a good value and a sign of high solvency as FC9 would need 3.02 years to pay back of all of its debts.
FC9 has a Debt to FCF ratio of 3.02. This is amongst the best in the industry. FC9 outperforms 96.00% of its industry peers.
FC9 has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of FC9 (0.31) is better than 76.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | 0.87 |
ROIC/WACC0.83
WACC9.75%
2.3 Liquidity
A Current Ratio of 0.30 indicates that FC9 may have some problems paying its short term obligations.
With a Current ratio value of 0.30, FC9 is not doing good in the industry: 72.00% of the companies in the same industry are doing better.
FC9 has a Quick Ratio of 0.30. This is a bad value and indicates that FC9 is not financially healthy enough and could expect problems in meeting its short term obligations.
FC9 has a worse Quick ratio (0.27) than 69.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The earnings per share for FC9 have decreased strongly by -39.37% in the last year.
The Earnings Per Share has been growing by 20.85% on average over the past years. This is a very strong growth
Looking at the last year, FC9 shows a small growth in Revenue. The Revenue has grown by 3.62% in the last year.
The Revenue has been growing by 8.72% on average over the past years. This is quite good.
EPS 1Y (TTM)-39.37%
EPS 3Y-4.89%
EPS 5Y20.85%
EPS Q2Q%-24.45%
Revenue 1Y (TTM)3.62%
Revenue growth 3Y13.33%
Revenue growth 5Y8.72%
Sales Q2Q%-14.44%
3.2 Future
FC9 is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.80% yearly.
FC9 is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -15.12% yearly.
EPS Next Y-29.59%
EPS Next 2Y-9.09%
EPS Next 3Y-2.8%
EPS Next 5YN/A
Revenue Next Year-45.47%
Revenue Next 2Y-23.57%
Revenue Next 3Y-15.12%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.00, which indicates a correct valuation of FC9.
Based on the Price/Earnings ratio, FC9 is valued a bit cheaper than 77.33% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. FC9 is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 14.67, the valuation of FC9 can be described as correct.
Based on the Price/Forward Earnings ratio, FC9 is valued a bit cheaper than 69.33% of the companies in the same industry.
FC9 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16 | ||
| Fwd PE | 14.67 |
4.2 Price Multiples
FC9's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FC9 is cheaper than 97.33% of the companies in the same industry.
88.00% of the companies in the same industry are more expensive than FC9, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.48 | ||
| EV/EBITDA | 4.38 |
4.3 Compensation for Growth
The excellent profitability rating of FC9 may justify a higher PE ratio.
A cheap valuation may be justified as FC9's earnings are expected to decrease with -2.80% in the coming years.
PEG (NY)N/A
PEG (5Y)0.77
EPS Next 2Y-9.09%
EPS Next 3Y-2.8%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.08%, FC9 has a reasonable but not impressive dividend return.
FC9's Dividend Yield is comparable with the industry average which is at 7.29.
Compared to an average S&P500 Dividend Yield of 2.33, FC9 has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
5.2 History
On average, the dividend of FC9 grows each year by 44.85%, which is quite nice.
Dividend Growth(5Y)44.85%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
28.80% of the earnings are spent on dividend by FC9. This is a low number and sustainable payout ratio.
DP28.8%
EPS Next 2Y-9.09%
EPS Next 3Y-2.8%
FRA:FC9 (3/6/2025, 7:00:00 PM)
12
-0.4 (-3.23%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners12.57%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap118.44M
Analysts80
Price Target20.91 (74.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
Yearly Dividend0.22
Dividend Growth(5Y)44.85%
DP28.8%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-13.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16 | ||
| Fwd PE | 14.67 | ||
| P/S | 2.27 | ||
| P/FCF | 5.48 | ||
| P/OCF | 5.23 | ||
| P/B | 0.93 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | 4.38 |
EPS(TTM)0.75
EY6.25%
EPS(NY)0.82
Fwd EY6.82%
FCF(TTM)2.19
FCFY18.23%
OCF(TTM)2.29
OCFY19.12%
SpS5.28
BVpS12.88
TBVpS12.41
PEG (NY)N/A
PEG (5Y)0.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 5.81% | ||
| ROCE | 9.88% | ||
| ROIC | 8.09% | ||
| ROICexc | 8.17% | ||
| ROICexgc | 8.27% | ||
| OM | 72.31% | ||
| PM (TTM) | 14.17% | ||
| GM | 101.41% | ||
| FCFM | 41.41% |
ROA(3y)2.65%
ROA(5y)2.74%
ROE(3y)10.04%
ROE(5y)10.37%
ROIC(3y)6.84%
ROIC(5y)7.14%
ROICexc(3y)7.05%
ROICexc(5y)7.36%
ROICexgc(3y)7.11%
ROICexgc(5y)7.4%
ROCE(3y)8.14%
ROCE(5y)8.49%
ROICexcg growth 3Y9.38%
ROICexcg growth 5Y-1.62%
ROICexc growth 3Y9.13%
ROICexc growth 5Y-1.83%
OM growth 3Y4.42%
OM growth 5Y1.31%
PM growth 3Y-14.5%
PM growth 5Y14.28%
GM growth 3Y-0.28%
GM growth 5Y18.47%
F-Score5
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 3.02 | ||
| Debt/EBITDA | 1.02 | ||
| Cap/Depr | 102.73% | ||
| Cap/Sales | 2.02% | ||
| Interest Coverage | 2.52 | ||
| Cash Conversion | 58.47% | ||
| Profit Quality | 292.29% | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.87 |
F-Score5
WACC9.75%
ROIC/WACC0.83
Cap/Depr(3y)247.08%
Cap/Depr(5y)N/A
Cap/Sales(3y)4.79%
Cap/Sales(5y)N/A
Profit Quality(3y)158.21%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-39.37%
EPS 3Y-4.89%
EPS 5Y20.85%
EPS Q2Q%-24.45%
EPS Next Y-29.59%
EPS Next 2Y-9.09%
EPS Next 3Y-2.8%
EPS Next 5YN/A
Revenue 1Y (TTM)3.62%
Revenue growth 3Y13.33%
Revenue growth 5Y8.72%
Sales Q2Q%-14.44%
Revenue Next Year-45.47%
Revenue Next 2Y-23.57%
Revenue Next 3Y-15.12%
Revenue Next 5YN/A
EBIT growth 1Y18.16%
EBIT growth 3Y18.34%
EBIT growth 5Y10.15%
EBIT Next Year3.79%
EBIT Next 3Y4.24%
EBIT Next 5YN/A
FCF growth 1Y60.31%
FCF growth 3Y44.06%
FCF growth 5Y26.86%
OCF growth 1Y40.71%
OCF growth 3Y36.74%
OCF growth 5Y27.69%