GECINA SA (GFC.PA) Stock Fundamental Analysis
EPA:GFC - Euronext Paris - Matif - FR0010040865 - REIT - Currency: EUR
Overall GFC gets a fundamental rating of 4 out of 10. We evaluated GFC against 41 industry peers in the Diversified REITs industry. While GFC is still in line with the averages on profitability rating, there are concerns on its financial health. GFC 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 GFC was profitable.
GFC had a positive operating cash flow in the past year.
Of the past 5 years GFC 4 years were profitable.
Each year in the past 5 years GFC had a positive operating cash flow.
1.2 Ratios
The Return On Assets of GFC (1.73%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 2.95%, GFC is in line with its industry, outperforming 53.49% of the companies in the same industry.
With a Return On Invested Capital value of 2.39%, GFC is not doing good in the industry: 72.09% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for GFC is in line with the industry average of 4.05%.
The 3 year average ROIC (2.16%) for GFC is below the current ROIC(2.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 2.95% | ||
| ROIC | 2.39% |
ROA(3y)-2.53%
ROA(5y)-0.53%
ROE(3y)-4.2%
ROE(5y)-0.96%
ROIC(3y)2.16%
ROIC(5y)2.04%
1.3 Margins
Looking at the Profit Margin, with a value of 44.60%, GFC is in the better half of the industry, outperforming 67.44% of the companies in the same industry.
GFC's Profit Margin has declined in the last couple of years.
GFC's Operating Margin of 79.23% is fine compared to the rest of the industry. GFC outperforms 69.77% of its industry peers.
GFC's Operating Margin has been stable in the last couple of years.
GFC has a better Gross Margin (91.97%) than 81.40% of its industry peers.
In the last couple of years the Gross Margin of GFC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 79.23% | ||
| PM (TTM) | 44.6% | ||
| GM | 91.97% |
OM growth 3Y1.41%
OM growth 5Y0.49%
PM growth 3Y-31.45%
PM growth 5Y-27.48%
GM growth 3Y0.86%
GM growth 5Y0.26%
2. Health
2.1 Basic Checks
GFC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for GFC remains at a similar level compared to 1 year ago.
Compared to 5 years ago, GFC has more shares outstanding
Compared to 1 year ago, GFC has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.16, we must say that GFC is in the distress zone and has some risk of bankruptcy.
GFC has a better Altman-Z score (1.16) than 79.07% of its industry peers.
The Debt to FCF ratio of GFC is 46.20, which is on the high side as it means it would take GFC, 46.20 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 46.20, GFC is doing worse than 72.09% of the companies in the same industry.
GFC has a Debt/Equity ratio of 0.59. This is a neutral value indicating GFC is somewhat dependend on debt financing.
GFC has a better Debt to Equity ratio (0.59) than 69.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 46.2 | ||
| Altman-Z | 1.16 |
ROIC/WACC0.54
WACC4.39%
2.3 Liquidity
GFC has a Current Ratio of 0.72. This is a bad value and indicates that GFC is not financially healthy enough and could expect problems in meeting its short term obligations.
GFC has a better Current ratio (0.72) than 62.79% of its industry peers.
A Quick Ratio of 0.72 indicates that GFC may have some problems paying its short term obligations.
The Quick ratio of GFC (0.72) is better than 65.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 117.25% over the past year.
The earnings per share for GFC have been decreasing by -27.27% on average. This is quite bad
GFC shows a small growth in Revenue. In the last year, the Revenue has grown by 4.15%.
The Revenue has been growing slightly by 0.38% on average over the past years.
EPS 1Y (TTM)117.25%
EPS 3Y-28.66%
EPS 5Y-27.27%
EPS Q2Q%118.58%
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%5.23%
3.2 Future
Based on estimates for the next years, GFC will show a small growth in Earnings Per Share. The EPS will grow by 3.29% on average per year.
GFC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.53% yearly.
EPS Next Y5%
EPS Next 2Y3.94%
EPS Next 3Y3.29%
EPS Next 5YN/A
Revenue Next Year3.97%
Revenue Next 2Y3.19%
Revenue Next 3Y3.91%
Revenue Next 5Y4.53%
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 20.06 indicates a rather expensive valuation of GFC.
GFC's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 29.35. GFC is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 12.39, the valuation of GFC can be described as correct.
Based on the Price/Forward Earnings ratio, GFC is valued a bit more expensive than 60.47% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GFC to the average of the S&P500 Index (22.10), we can say GFC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.06 | ||
| Fwd PE | 12.39 |
4.2 Price Multiples
GFC's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GFC indicates a slightly more expensive valuation: GFC is more expensive than 74.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.32 | ||
| EV/EBITDA | 21.87 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of GFC may justify a higher PE ratio.
PEG (NY)4.02
PEG (5Y)N/A
EPS Next 2Y3.94%
EPS Next 3Y3.29%
5. Dividend
5.1 Amount
GFC has a Yearly Dividend Yield of 6.40%, which is a nice return.
Compared to an average industry Dividend Yield of 8.71, GFC pays a bit more dividend than its industry peers.
GFC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.4% |
5.2 History
The dividend of GFC decreases each year by -0.70%.
Dividend Growth(5Y)-0.7%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
GFC pays out 126.65% of its income as dividend. This is not a sustainable payout ratio.
DP126.65%
EPS Next 2Y3.94%
EPS Next 3Y3.29%
EPA:GFC (3/6/2025, 4:32:11 PM)
83.85
-1.3 (-1.53%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners62.39%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap6.43B
Analysts79.13
Price Target116.62 (39.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.4% |
Yearly Dividend5.31
Dividend Growth(5Y)-0.7%
DP126.65%
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)0.49%
PT rev (3m)-1.78%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.46%
EPS NY rev (3m)-1.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)-2.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.06 | ||
| Fwd PE | 12.39 | ||
| P/S | 9.27 | ||
| P/FCF | 44.32 | ||
| P/OCF | 10.73 | ||
| P/B | 0.61 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 21.87 |
EPS(TTM)4.18
EY4.99%
EPS(NY)6.77
Fwd EY8.07%
FCF(TTM)1.89
FCFY2.26%
OCF(TTM)7.82
OCFY9.32%
SpS9.05
BVpS136.9
TBVpS134.59
PEG (NY)4.02
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 2.95% | ||
| ROCE | 3.42% | ||
| ROIC | 2.39% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.44% | ||
| OM | 79.23% | ||
| PM (TTM) | 44.6% | ||
| GM | 91.97% | ||
| FCFM | 20.9% |
ROA(3y)-2.53%
ROA(5y)-0.53%
ROE(3y)-4.2%
ROE(5y)-0.96%
ROIC(3y)2.16%
ROIC(5y)2.04%
ROICexc(3y)2.18%
ROICexc(5y)2.06%
ROICexgc(3y)2.2%
ROICexgc(5y)2.08%
ROCE(3y)3.06%
ROCE(5y)2.88%
ROICexcg growth 3Y11.07%
ROICexcg growth 5Y4.35%
ROICexc growth 3Y11.05%
ROICexc growth 5Y4.34%
OM growth 3Y1.41%
OM growth 5Y0.49%
PM growth 3Y-31.45%
PM growth 5Y-27.48%
GM growth 3Y0.86%
GM growth 5Y0.26%
F-Score8
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 46.2 | ||
| Debt/EBITDA | 11.03 | ||
| Cap/Depr | 3707.94% | ||
| Cap/Sales | 65.47% | ||
| Interest Coverage | 7.71 | ||
| Cash Conversion | 106.64% | ||
| Profit Quality | 46.87% | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 1.16 |
F-Score8
WACC4.39%
ROIC/WACC0.54
Cap/Depr(3y)4148.07%
Cap/Depr(5y)3166.16%
Cap/Sales(3y)60.99%
Cap/Sales(5y)56.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)117.25%
EPS 3Y-28.66%
EPS 5Y-27.27%
EPS Q2Q%118.58%
EPS Next Y5%
EPS Next 2Y3.94%
EPS Next 3Y3.29%
EPS Next 5YN/A
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%5.23%
Revenue Next Year3.97%
Revenue Next 2Y3.19%
Revenue Next 3Y3.91%
Revenue Next 5Y4.53%
EBIT growth 1Y5.05%
EBIT growth 3Y5.7%
EBIT growth 5Y0.87%
EBIT Next Year7.7%
EBIT Next 3Y4.41%
EBIT Next 5Y4.58%
FCF growth 1Y0.51%
FCF growth 3Y6.25%
FCF growth 5Y15.9%
OCF growth 1Y12.13%
OCF growth 3Y7.59%
OCF growth 5Y-0.67%