FONCIERE LYONNAISE (FLY.PA) Stock Fundamental Analysis
EPA:FLY - Euronext Paris - Matif - FR0000033409 - REIT - Currency: EUR
Overall FLY gets a fundamental rating of 4 out of 10. We evaluated FLY against 40 industry peers in the Diversified REITs industry. FLY has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, FLY is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
FLY had positive earnings in the past year.
FLY had a positive operating cash flow in the past year.
FLY had positive earnings in 4 of the past 5 years.
Each year in the past 5 years FLY had a positive operating cash flow.
1.2 Ratios
FLY has a Return On Assets of 2.70%. This is comparable to the rest of the industry: FLY outperforms 57.50% of its industry peers.
The Return On Equity of FLY (5.68%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 2.33%, FLY is not doing good in the industry: 77.50% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for FLY is in line with the industry average of 3.63%.
The 3 year average ROIC (2.02%) for FLY is below the current ROIC(2.33%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 5.68% | ||
| ROIC | 2.33% |
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 better Profit Margin (83.16%) than 85.00% of its industry peers.
FLY's Profit Margin has declined in the last couple of years.
FLY has a Operating Margin of 87.52%. This is amongst the best in the industry. FLY outperforms 85.00% of its industry peers.
FLY's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 97.37%, FLY belongs to the top of the industry, outperforming 92.50% 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 | 87.52% | ||
| PM (TTM) | 83.16% | ||
| GM | 97.37% |
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
FLY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, FLY has about the same amount of shares outstanding.
Compared to 5 years ago, FLY has less shares outstanding
The debt/assets ratio for FLY is higher compared to a year ago.
2.2 Solvency
FLY has an Altman-Z score of 1.04. This is a bad value and indicates that FLY is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of FLY (1.04) is better than 65.00% of its industry peers.
FLY has a debt to FCF ratio of 26.54. This is a negative value and a sign of low solvency as FLY would need 26.54 years to pay back of all of its debts.
FLY has a Debt to FCF ratio of 26.54. This is in the lower half of the industry: FLY underperforms 70.00% of its industry peers.
A Debt/Equity ratio of 0.57 indicates that FLY is somewhat dependend on debt financing.
FLY has a Debt to Equity ratio of 0.57. This is in the better half of the industry: FLY outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 26.54 | ||
| Altman-Z | 1.04 |
ROIC/WACC0.43
WACC5.38%
2.3 Liquidity
FLY has a Current Ratio of 0.10. This is a bad value and indicates that FLY is not financially healthy enough and could expect problems in meeting its short term obligations.
FLY has a worse Current ratio (0.10) than 85.00% of its industry peers.
A Quick Ratio of 0.10 indicates that FLY may have some problems paying its short term obligations.
FLY has a worse Quick ratio (0.10) than 85.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
FLY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 132.35%, which is quite impressive.
The earnings per share for FLY have been decreasing by -17.63% on average. This is quite bad
The Revenue has been growing slightly by 6.15% in the past year.
FLY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.60% yearly.
EPS 1Y (TTM)132.35%
EPS 3Y-9.45%
EPS 5Y-17.63%
EPS Q2Q%128.19%
Revenue 1Y (TTM)6.15%
Revenue growth 3Y12.53%
Revenue growth 5Y4.6%
Sales Q2Q%3.4%
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.
The Revenue is expected to grow by 5.70% on average over the next years.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.77 indicates a correct valuation of FLY.
The rest of the industry has a similar Price/Earnings ratio as FLY.
FLY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.28.
With a Price/Forward Earnings ratio of 30.71, FLY can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, FLY is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
The average S&P500 Price/Forward Earnings ratio is at 21.76. FLY is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.77 | ||
| Fwd PE | 30.71 |
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 67.50% 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 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.71 | ||
| EV/EBITDA | 23.68 |
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
With a Yearly Dividend Yield of 3.78%, FLY has a reasonable but not impressive dividend return.
FLY's Dividend Yield is slightly below the industry average, which is at 5.53.
Compared to an average S&P500 Dividend Yield of 2.42, FLY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.78% |
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 49.81% of its income as dividend. This is a bit on the high side, but may be sustainable.
FLY's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP49.81%
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
EPA:FLY (7/2/2025, 7:00:00 PM)
76
-0.2 (-0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.28%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap3.27B
Analysts42.86
Price Target73.69 (-3.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.78% |
Yearly Dividend2.4
Dividend Growth(5Y)-1.96%
DP49.81%
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)-5.77%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.77 | ||
| Fwd PE | 30.71 | ||
| P/S | 13.14 | ||
| P/FCF | 33.71 | ||
| P/OCF | 32.7 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 23.68 |
EPS(TTM)4.82
EY6.34%
EPS(NY)2.47
Fwd EY3.26%
FCF(TTM)2.25
FCFY2.97%
OCF(TTM)2.32
OCFY3.06%
SpS5.79
BVpS84.67
TBVpS84.58
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 5.68% | ||
| ROCE | 3.46% | ||
| ROIC | 2.33% | ||
| ROICexc | 2.36% | ||
| ROICexgc | 2.37% | ||
| OM | 87.52% | ||
| PM (TTM) | 83.16% | ||
| GM | 97.37% | ||
| FCFM | 38.97% |
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%
ROICexcg growth 3Y19.38%
ROICexcg 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-Score6
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 26.54 | ||
| Debt/EBITDA | 9.4 | ||
| Cap/Depr | 193.49% | ||
| Cap/Sales | 1.21% | ||
| Interest Coverage | 3.13 | ||
| Cash Conversion | 45.59% | ||
| Profit Quality | 46.87% | ||
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 | ||
| Altman-Z | 1.04 |
F-Score6
WACC5.38%
ROIC/WACC0.43
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)132.35%
EPS 3Y-9.45%
EPS 5Y-17.63%
EPS Q2Q%128.19%
EPS Next Y-12.34%
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
EPS Next 5YN/A
Revenue 1Y (TTM)6.15%
Revenue growth 3Y12.53%
Revenue growth 5Y4.6%
Sales Q2Q%3.4%
Revenue Next Year-0.95%
Revenue Next 2Y4.7%
Revenue Next 3Y5.7%
Revenue Next 5YN/A
EBIT growth 1Y8.03%
EBIT growth 3Y17.5%
EBIT growth 5Y4.74%
EBIT Next Year-22.09%
EBIT Next 3Y-2.52%
EBIT Next 5YN/A
FCF growth 1Y1.95%
FCF growth 3Y-3.92%
FCF growth 5Y-7.28%
OCF growth 1Y-13.3%
OCF growth 3Y-3.24%
OCF growth 5Y-6.82%