FONCIERE LYONNAISE (FLY.PA) Stock Fundamental Analysis
EPA:FLY - Euronext Paris - Matif - FR0000033409 - REIT - Currency: EUR
FLY gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. Both the profitability and financial health of FLY have multiple concerns. FLY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FLY has reported negative net income.
FLY had a positive operating cash flow in the past year.
Of the past 5 years FLY 4 years were profitable.
Of the past 5 years FLY 4 years had a positive operating cash flow.
1.2 Ratios
FLY has a Return On Assets of -5.15%. This is amonst the worse of the industry: FLY underperforms 81.40% of its industry peers.
The Return On Equity of FLY (-10.90%) is worse than 79.07% of its industry peers.
FLY's Return On Invested Capital of 2.40% is on the low side compared to the rest of the industry. FLY is outperformed by 69.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.15% | ||
| ROE | -10.9% | ||
| ROIC | 2.4% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Profit Margin of FLY has declined.
With an excellent Operating Margin value of 87.53%, FLY belongs to the best of the industry, outperforming 83.72% of the companies in the same industry.
In the last couple of years the Operating Margin of FLY has remained more or less at the same level.
FLY has a Gross Margin of 96.80%. This is amongst the best in the industry. FLY outperforms 90.70% of its industry peers.
FLY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 87.53% | ||
| PM (TTM) | N/A | ||
| GM | 96.8% |
OM growth 3Y4.43%
OM growth 5Y0.14%
PM growth 3Y-20.77%
PM growth 5Y-22.47%
GM growth 3Y0.54%
GM growth 5Y0.24%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLY is destroying value.
There is no outstanding debt for FLY. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of 1.04, we must say that FLY is in the distress zone and has some risk of bankruptcy.
FLY's Altman-Z score of 1.04 is fine compared to the rest of the industry. FLY outperforms 69.77% of its industry peers.
FLY has a debt to FCF ratio of 25.67. This is a negative value and a sign of low solvency as FLY would need 25.67 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 25.67, FLY is doing worse than 62.79% of the companies in the same industry.
A Debt/Equity ratio of 0.54 indicates that FLY is somewhat dependend on debt financing.
The Debt to Equity ratio of FLY (0.54) is better than 79.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 25.67 | ||
| Altman-Z | 1.04 |
ROIC/WACC0.44
WACC5.44%
2.3 Liquidity
FLY has a Current Ratio of 0.07. This is a bad value and indicates that FLY is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.07, FLY is not doing good in the industry: 90.70% of the companies in the same industry are doing better.
A Quick Ratio of 0.07 indicates that FLY may have some problems paying its short term obligations.
FLY's Quick ratio of 0.07 is on the low side compared to the rest of the industry. FLY is outperformed by 90.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
The earnings per share for FLY have decreased strongly by -50.35% in the last year.
FLY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.64% yearly.
Looking at the last year, FLY shows a quite strong growth in Revenue. The Revenue has grown by 12.28% in the last year.
Measured over the past years, FLY shows a small growth in Revenue. The Revenue has been growing by 4.60% on average per year.
EPS 1Y (TTM)-50.35%
EPS 3Y-9.47%
EPS 5Y-17.64%
EPS Q2Q%143.14%
Revenue 1Y (TTM)12.28%
Revenue growth 3Y12.52%
Revenue growth 5Y4.6%
Sales Q2Q%9.18%
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.
Based on estimates for the next years, FLY will show a small growth in Revenue. The Revenue will grow by 5.70% on average per year.
EPS Next Y-6.98%
EPS Next 2Y1.24%
EPS Next 3Y-1.02%
EPS Next 5YN/A
Revenue Next Year-3.83%
Revenue Next 2Y2.82%
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.
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
The Price/Earnings Ratio is negative for FLY. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 28.71, FLY can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FLY indicates a slightly more expensive valuation: FLY is more expensive than 72.09% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of FLY to the average of the S&P500 Index (22.10), we can say FLY is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 28.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLY is valued a bit more expensive than the industry average as 65.12% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, FLY is valued a bit more expensive than the industry average as 69.77% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.39 | ||
| EV/EBITDA | 24.12 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.24%
EPS Next 3Y-1.02%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.18%, FLY has a reasonable but not impressive dividend return.
FLY's Dividend Yield is slightly below the industry average, which is at 8.71.
Compared to an average S&P500 Dividend Yield of 2.33, FLY pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.18% |
5.2 History
The dividend of FLY is nicely growing with an annual growth rate of 12.81%!
Dividend Growth(5Y)12.81%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
FLY has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-26.8%
EPS Next 2Y1.24%
EPS Next 3Y-1.02%
EPA:FLY (3/7/2025, 7:00:00 PM)
75.4
0 (0%)
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 Owners0.03%
Ins Owner ChangeN/A
Market Cap3.24B
Analysts45
Price Target73.69 (-2.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.18% |
Yearly Dividend4.2
Dividend Growth(5Y)12.81%
DP-26.8%
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)-6.17%
PT rev (3m)-6.17%
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 | N/A | ||
| Fwd PE | 28.71 | ||
| P/S | 13.24 | ||
| P/FCF | 34.39 | ||
| P/OCF | 27.39 | ||
| P/B | 0.92 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | 24.12 |
EPS(TTM)-8.97
EYN/A
EPS(NY)2.63
Fwd EY3.48%
FCF(TTM)2.19
FCFY2.91%
OCF(TTM)2.75
OCFY3.65%
SpS5.7
BVpS82.12
TBVpS82.07
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.15% | ||
| ROE | -10.9% | ||
| ROCE | 3.48% | ||
| ROIC | 2.4% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.41% | ||
| OM | 87.53% | ||
| PM (TTM) | N/A | ||
| GM | 96.8% | ||
| FCFM | 38.49% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y4.43%
OM growth 5Y0.14%
PM growth 3Y-20.77%
PM growth 5Y-22.47%
GM growth 3Y0.54%
GM growth 5Y0.24%
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 25.67 | ||
| Debt/EBITDA | 8.86 | ||
| Cap/Depr | 1242.08% | ||
| Cap/Sales | 9.83% | ||
| Interest Coverage | 3.65 | ||
| Cash Conversion | 54.71% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 1.04 |
F-Score5
WACC5.44%
ROIC/WACC0.44
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50.35%
EPS 3Y-9.47%
EPS 5Y-17.64%
EPS Q2Q%143.14%
EPS Next Y-6.98%
EPS Next 2Y1.24%
EPS Next 3Y-1.02%
EPS Next 5YN/A
Revenue 1Y (TTM)12.28%
Revenue growth 3Y12.52%
Revenue growth 5Y4.6%
Sales Q2Q%9.18%
Revenue Next Year-3.83%
Revenue Next 2Y2.82%
Revenue Next 3Y5.7%
Revenue Next 5YN/A
EBIT growth 1Y12.15%
EBIT growth 3Y17.5%
EBIT growth 5Y4.74%
EBIT Next Year-24.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-11.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.88%
OCF growth 3YN/A
OCF growth 5YN/A