FREY (FREY.PA) Stock Fundamental Analysis
EPA:FREY - Euronext Paris - Matif - FR0010588079 - REIT - Currency: EUR
Overall FREY gets a fundamental rating of 4 out of 10. We evaluated FREY against 42 industry peers in the Diversified REITs industry. While FREY is still in line with the averages on profitability rating, there are concerns on its financial health. FREY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FREY had positive earnings in the past year.
In the past year FREY had a positive cash flow from operations.
Each year in the past 5 years FREY has been profitable.
FREY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FREY has a Return On Assets (1.20%) which is comparable to the rest of the industry.
FREY's Return On Equity of 2.72% is in line compared to the rest of the industry. FREY outperforms 55.00% of its industry peers.
FREY's Return On Invested Capital of 3.63% is in line compared to the rest of the industry. FREY outperforms 60.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FREY is in line with the industry average of 3.65%.
The last Return On Invested Capital (3.63%) for FREY is above the 3 year average (2.69%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.2% | ||
| ROE | 2.72% | ||
| ROIC | 3.63% |
ROA(3y)3.61%
ROA(5y)2.92%
ROE(3y)7.36%
ROE(5y)5.76%
ROIC(3y)2.69%
ROIC(5y)2.29%
1.3 Margins
FREY's Profit Margin of 16.53% is in line compared to the rest of the industry. FREY outperforms 55.00% of its industry peers.
In the last couple of years the Profit Margin of FREY has declined.
With a Operating Margin value of 53.34%, FREY is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of FREY has grown nicely.
FREY has a Gross Margin of 66.63%. This is in the lower half of the industry: FREY underperforms 67.50% of its industry peers.
FREY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.34% | ||
| PM (TTM) | 16.53% | ||
| GM | 66.63% |
OM growth 3Y32.31%
OM growth 5Y12.29%
PM growth 3Y79.1%
PM growth 5Y-30.72%
GM growth 3Y8.4%
GM growth 5Y6.39%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FREY is destroying value.
Compared to 1 year ago, FREY has more shares outstanding
FREY has more shares outstanding than it did 5 years ago.
FREY has a worse debt/assets ratio than last year.
2.2 Solvency
FREY has an Altman-Z score of 0.68. This is a bad value and indicates that FREY is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.68, FREY is doing worse than 70.00% of the companies in the same industry.
FREY has a debt to FCF ratio of 14.45. This is a negative value and a sign of low solvency as FREY would need 14.45 years to pay back of all of its debts.
FREY's Debt to FCF ratio of 14.45 is in line compared to the rest of the industry. FREY outperforms 45.00% of its industry peers.
A Debt/Equity ratio of 1.00 is on the high side and indicates that FREY has dependencies on debt financing.
FREY has a worse Debt to Equity ratio (1.00) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 14.45 | ||
| Altman-Z | 0.68 |
ROIC/WACC0.61
WACC5.99%
2.3 Liquidity
A Current Ratio of 1.58 indicates that FREY should not have too much problems paying its short term obligations.
The Current ratio of FREY (1.58) is better than 87.50% of its industry peers.
A Quick Ratio of 1.23 indicates that FREY should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.23, FREY belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
The earnings per share for FREY have decreased strongly by -74.50% in the last year.
FREY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.74% yearly.
FREY shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.75%.
FREY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.25% yearly.
EPS 1Y (TTM)-74.5%
EPS 3Y92.66%
EPS 5Y-21.74%
EPS Q2Q%14.84%
Revenue 1Y (TTM)28.75%
Revenue growth 3Y11.47%
Revenue growth 5Y21.25%
Sales Q2Q%35.83%
3.2 Future
Based on estimates for the next years, FREY will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.87% on average per year.
The Revenue is expected to grow by 8.17% on average over the next years. This is quite good.
EPS Next Y17.32%
EPS Next 2Y9.6%
EPS Next 3Y8.87%
EPS Next 5YN/A
Revenue Next Year14.69%
Revenue Next 2Y9.35%
Revenue Next 3Y8.17%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
FREY is valuated quite expensively with a Price/Earnings ratio of 32.86.
60.00% of the companies in the same industry are cheaper than FREY, based on the Price/Earnings ratio.
FREY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.47.
Based on the Price/Forward Earnings ratio of 12.59, the valuation of FREY can be described as correct.
Based on the Price/Forward Earnings ratio, FREY is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
FREY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.86 | ||
| Fwd PE | 12.59 |
4.2 Price Multiples
FREY's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as FREY.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.03 | ||
| EV/EBITDA | 18.61 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FREY does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.9
PEG (5Y)N/A
EPS Next 2Y9.6%
EPS Next 3Y8.87%
5. Dividend
5.1 Amount
FREY has a Yearly Dividend Yield of 6.43%, which is a nice return.
Compared to an average industry Dividend Yield of 7.06, FREY pays a bit more dividend than its industry peers.
FREY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.43% |
5.2 History
The dividend of FREY is nicely growing with an annual growth rate of 16.02%!
Dividend Growth(5Y)16.02%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FREY pays out 198.90% of its income as dividend. This is not a sustainable payout ratio.
The dividend of FREY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP198.9%
EPS Next 2Y9.6%
EPS Next 3Y8.87%
FREY
EPA:FREY (2/4/2025, 7:00:00 PM)
27.6
-0.2 (-0.72%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners8.31%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap890.10M
Analysts85.71
Price Target33.66 (21.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.43% |
Yearly Dividend1.57
Dividend Growth(5Y)16.02%
DP198.9%
Div Incr Years0
Div Non Decr Years0
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)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 | 32.86 | ||
| Fwd PE | 12.59 | ||
| P/S | 5.12 | ||
| P/FCF | 12.03 | ||
| P/OCF | 11.39 | ||
| P/B | 0.84 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 18.61 |
EPS(TTM)0.84
EY3.04%
EPS(NY)2.19
Fwd EY7.95%
FCF(TTM)2.29
FCFY8.31%
OCF(TTM)2.42
OCFY8.78%
SpS5.39
BVpS32.73
TBVpS32.53
PEG (NY)1.9
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.2% | ||
| ROE | 2.72% | ||
| ROCE | 4.17% | ||
| ROIC | 3.63% | ||
| ROICexc | 3.89% | ||
| ROICexgc | 3.9% | ||
| OM | 53.34% | ||
| PM (TTM) | 16.53% | ||
| GM | 66.63% | ||
| FCFM | 42.58% |
ROA(3y)3.61%
ROA(5y)2.92%
ROE(3y)7.36%
ROE(5y)5.76%
ROIC(3y)2.69%
ROIC(5y)2.29%
ROICexc(3y)2.87%
ROICexc(5y)2.44%
ROICexgc(3y)2.88%
ROICexgc(5y)2.45%
ROCE(3y)3.09%
ROCE(5y)2.63%
ROICexcg growth 3Y27.44%
ROICexcg growth 5Y13.09%
ROICexc growth 3Y27.67%
ROICexc growth 5Y13.03%
OM growth 3Y32.31%
OM growth 5Y12.29%
PM growth 3Y79.1%
PM growth 5Y-30.72%
GM growth 3Y8.4%
GM growth 5Y6.39%
F-Score4
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 14.45 | ||
| Debt/EBITDA | 11.16 | ||
| Cap/Depr | 185.02% | ||
| Cap/Sales | 2.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.34% | ||
| Profit Quality | 257.56% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z | 0.68 |
F-Score4
WACC5.99%
ROIC/WACC0.61
Cap/Depr(3y)751.36%
Cap/Depr(5y)4843.28%
Cap/Sales(3y)5.29%
Cap/Sales(5y)52.6%
Profit Quality(3y)137.04%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-74.5%
EPS 3Y92.66%
EPS 5Y-21.74%
EPS Q2Q%14.84%
EPS Next Y17.32%
EPS Next 2Y9.6%
EPS Next 3Y8.87%
EPS Next 5YN/A
Revenue 1Y (TTM)28.75%
Revenue growth 3Y11.47%
Revenue growth 5Y21.25%
Sales Q2Q%35.83%
Revenue Next Year14.69%
Revenue Next 2Y9.35%
Revenue Next 3Y8.17%
Revenue Next 5YN/A
EBIT growth 1Y33.38%
EBIT growth 3Y47.49%
EBIT growth 5Y36.15%
EBIT Next Year6.32%
EBIT Next 3Y5.64%
EBIT Next 5YN/A
FCF growth 1Y523.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y33.19%
OCF growth 3Y17.27%
OCF growth 5YN/A