Fonciere Lyonnaise (FLY.PA) Stock Fundamental Analysis
Europe - EPA:FLY - FR0000033409 - REIT
73.8 EUR
+2.8 (+3.94%)
Taking everything into account, FLY scores 4 out of 10 in our fundamental rating. FLY was compared to 39 industry peers in the Diversified REITs industry. While FLY is still in line with the averages on profitability rating, there are concerns on its financial health. FLY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FLY had positive earnings in the past year.
In the past year FLY had a positive cash flow from operations.
FLY had positive earnings in 4 of the past 5 years.
In the past 5 years FLY always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 2.97%, FLY perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.35%, FLY is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.12%, FLY is doing worse than 76.19% of the companies in the same industry.
FLY had an Average Return On Invested Capital over the past 3 years of 2.02%. This is in line with the industry average of 3.49%.
The last Return On Invested Capital (2.12%) for FLY is above the 3 year average (2.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 6.35% | ||
| ROIC | 2.12% |
ROA(3y)-1.39%
ROA(5y)0.69%
ROE(3y)-3.03%
ROE(5y)0.75%
ROIC(3y)2.02%
ROIC(5y)1.81%
1.3 Margins
FLY has a Profit Margin of 92.16%. This is amongst the best in the industry. FLY outperforms 88.10% of its industry peers.
FLY's Profit Margin has declined in the last couple of years.
The Operating Margin of FLY (86.50%) is better than 90.48% of its industry peers.
In the last couple of years the Operating Margin of FLY has remained more or less at the same level.
With an excellent Gross Margin value of 96.74%, FLY belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
FLY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 86.5% | ||
| PM (TTM) | 92.16% | ||
| GM | 96.74% |
OM growth 3Y4.42%
OM growth 5Y0.13%
PM growth 3Y-20.77%
PM growth 5Y-22.47%
GM growth 3Y0.7%
GM growth 5Y0.33%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FLY is destroying value.
The number of shares outstanding for FLY remains at a similar level compared to 1 year ago.
FLY has less shares outstanding than it did 5 years ago.
FLY has a worse debt/assets ratio than last year.
2.2 Solvency
FLY has an Altman-Z score of 1.10. This is a bad value and indicates that FLY is not financially healthy and even has some risk of bankruptcy.
FLY has a better Altman-Z score (1.10) than 71.43% of its industry peers.
FLY has a debt to FCF ratio of 22.19. This is a negative value and a sign of low solvency as FLY would need 22.19 years to pay back of all of its debts.
FLY has a Debt to FCF ratio (22.19) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.78 indicates that FLY is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.78, FLY is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 22.19 | ||
| Altman-Z | 1.1 |
ROIC/WACC0.39
WACC5.45%
2.3 Liquidity
A Current Ratio of 0.20 indicates that FLY may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.20, FLY is doing worse than 73.81% of the companies in the same industry.
A Quick Ratio of 0.20 indicates that FLY may have some problems paying its short term obligations.
FLY has a Quick ratio of 0.20. This is in the lower half of the industry: FLY underperforms 73.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 159.68% over the past year.
The earnings per share for FLY have been decreasing by -17.63% on average. This is quite bad
FLY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.11%.
FLY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.60% yearly.
EPS 1Y (TTM)159.68%
EPS 3Y-9.45%
EPS 5Y-17.63%
EPS Q2Q%29.81%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y12.53%
Revenue growth 5Y4.6%
Sales Q2Q%0.81%
3.2 Future
Based on estimates for the next years, FLY will show a decrease in Earnings Per Share. The EPS will decrease by -1.02% on average per year.
FLY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.70% yearly.
EPS Next Y-12.34%
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
EPS Next 5YN/A
Revenue Next Year-0.95%
Revenue Next 2Y4.7%
Revenue Next 3Y5.7%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.79 indicates a correct valuation of FLY.
FLY's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 25.67. FLY is valued slightly cheaper when compared to this.
FLY is valuated quite expensively with a Price/Forward Earnings ratio of 26.77.
76.19% of the companies in the same industry are cheaper than FLY, based on the Price/Forward Earnings ratio.
FLY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 31.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.79 | ||
| Fwd PE | 26.77 |
4.2 Price Multiples
FLY's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FLY is more expensive than 71.43% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLY indicates a slightly more expensive valuation: FLY is more expensive than 71.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.92 | ||
| EV/EBITDA | 25.02 |
4.3 Compensation for Growth
The decent profitability rating of FLY may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
5. Dividend
5.1 Amount
FLY has a Yearly Dividend Yield of 4.01%, which is a nice return.
FLY's Dividend Yield is slightly below the industry average, which is at 5.95.
FLY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
The dividend of FLY decreases each year by -1.96%.
Dividend Growth(5Y)-1.96%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
FLY pays out 53.17% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of FLY has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP53.17%
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
EPA:FLY (9/30/2025, 7:00:00 PM)
73.8
+2.8 (+3.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.29%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap3.17B
Revenue(TTM)249.81M
Net Income(TTM)230.23M
Analysts42.86
Price Target74.26 (0.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Yearly Dividend2.4
Dividend Growth(5Y)-1.96%
DP53.17%
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)0.76%
PT rev (3m)0.76%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
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 | 13.79 | ||
| Fwd PE | 26.77 | ||
| P/S | 12.71 | ||
| P/FCF | 24.92 | ||
| P/OCF | 28.4 | ||
| P/B | 0.88 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | 25.02 |
EPS(TTM)5.35
EY7.25%
EPS(NY)2.76
Fwd EY3.74%
FCF(TTM)2.96
FCFY4.01%
OCF(TTM)2.6
OCFY3.52%
SpS5.81
BVpS84.22
TBVpS84.13
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 6.35% | ||
| ROCE | 3.07% | ||
| ROIC | 2.12% | ||
| ROICexc | 2.14% | ||
| ROICexgc | 2.14% | ||
| OM | 86.5% | ||
| PM (TTM) | 92.16% | ||
| GM | 96.74% | ||
| FCFM | 51% |
ROA(3y)-1.39%
ROA(5y)0.69%
ROE(3y)-3.03%
ROE(5y)0.75%
ROIC(3y)2.02%
ROIC(5y)1.81%
ROICexc(3y)2.04%
ROICexc(5y)1.83%
ROICexgc(3y)2.04%
ROICexgc(5y)1.83%
ROCE(3y)2.89%
ROCE(5y)2.55%
ROICexgc growth 3Y19.38%
ROICexgc growth 5Y4.47%
ROICexc growth 3Y19.37%
ROICexc growth 5Y4.46%
OM growth 3Y4.42%
OM growth 5Y0.13%
PM growth 3Y-20.77%
PM growth 5Y-22.47%
GM growth 3Y0.7%
GM growth 5Y0.33%
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 22.19 | ||
| Debt/EBITDA | 12.98 | ||
| Cap/Depr | 1039.88% | ||
| Cap/Sales | 6.25% | ||
| Interest Coverage | 3.49 | ||
| Cash Conversion | 51.38% | ||
| Profit Quality | 55.34% | ||
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 | ||
| Altman-Z | 1.1 |
F-Score4
WACC5.45%
ROIC/WACC0.39
Cap/Depr(3y)454.49%
Cap/Depr(5y)335.66%
Cap/Sales(3y)3.65%
Cap/Sales(5y)2.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)159.68%
EPS 3Y-9.45%
EPS 5Y-17.63%
EPS Q2Q%29.81%
EPS Next Y-12.34%
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
EPS Next 5YN/A
Revenue 1Y (TTM)2.11%
Revenue growth 3Y12.53%
Revenue growth 5Y4.6%
Sales Q2Q%0.81%
Revenue Next Year-0.95%
Revenue Next 2Y4.7%
Revenue Next 3Y5.7%
Revenue Next 5YN/A
EBIT growth 1Y0.91%
EBIT growth 3Y17.5%
EBIT growth 5Y4.74%
EBIT Next Year-22.09%
EBIT Next 3Y-2.52%
EBIT Next 5YN/A
FCF growth 1Y19.59%
FCF growth 3Y-3.92%
FCF growth 5Y-7.28%
OCF growth 1Y-11%
OCF growth 3Y-3.24%
OCF growth 5Y-6.82%
Fonciere Lyonnaise / FLY.PA FAQ
Can you provide the ChartMill fundamental rating for Fonciere Lyonnaise?
ChartMill assigns a fundamental rating of 4 / 10 to FLY.PA.
Can you provide the valuation status for Fonciere Lyonnaise?
ChartMill assigns a valuation rating of 2 / 10 to Fonciere Lyonnaise (FLY.PA). This can be considered as Overvalued.
Can you provide the profitability details for Fonciere Lyonnaise?
Fonciere Lyonnaise (FLY.PA) has a profitability rating of 6 / 10.
What is the expected EPS growth for Fonciere Lyonnaise (FLY.PA) stock?
The Earnings per Share (EPS) of Fonciere Lyonnaise (FLY.PA) is expected to decline by -12.34% in the next year.
How sustainable is the dividend of Fonciere Lyonnaise (FLY.PA) stock?
The dividend rating of Fonciere Lyonnaise (FLY.PA) is 4 / 10 and the dividend payout ratio is 53.17%.