GECINA SA (GFC.PA) Stock Fundamental Analysis

Europe • Euronext Paris • EPA:GFC • FR0010040865

77.7 EUR
+0.15 (+0.19%)
Last: Feb 3, 2026, 07:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to GFC. GFC was compared to 42 industry peers in the Diversified REITs industry. There are concerns on the financial health of GFC while its profitability can be described as average. GFC has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year GFC was profitable.
  • In the past year GFC had a positive cash flow from operations.
  • Of the past 5 years GFC 4 years were profitable.
  • GFC had a positive operating cash flow in each of the past 5 years.
GFC.PA Yearly Net Income VS EBIT VS OCF VS FCFGFC.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B

1.2 Ratios

  • GFC has a Return On Assets (1.71%) which is in line with its industry peers.
  • GFC has a Return On Equity of 2.98%. This is comparable to the rest of the industry: GFC outperforms 42.86% of its industry peers.
  • GFC has a Return On Invested Capital of 2.34%. This is in the lower half of the industry: GFC underperforms 73.81% of its industry peers.
  • GFC had an Average Return On Invested Capital over the past 3 years of 2.16%. This is in line with the industry average of 3.37%.
  • The 3 year average ROIC (2.16%) for GFC is below the current ROIC(2.34%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.71%
ROE 2.98%
ROIC 2.34%
ROA(3y)-2.53%
ROA(5y)-0.53%
ROE(3y)-4.2%
ROE(5y)-0.96%
ROIC(3y)2.16%
ROIC(5y)2.04%
GFC.PA Yearly ROA, ROE, ROICGFC.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10

1.3 Margins

  • The Profit Margin of GFC (44.60%) is better than 61.90% of its industry peers.
  • GFC's Profit Margin has declined in the last couple of years.
  • The Operating Margin of GFC (79.23%) is better than 73.81% of its industry peers.
  • GFC's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of GFC (91.97%) is better than 85.71% of its industry peers.
  • GFC's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
GFC.PA Yearly Profit, Operating, Gross MarginsGFC.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200

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2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GFC is destroying value.
  • The number of shares outstanding for GFC remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for GFC has been increased compared to 5 years ago.
  • Compared to 1 year ago, GFC has a worse debt to assets ratio.
GFC.PA Yearly Shares OutstandingGFC.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
GFC.PA Yearly Total Debt VS Total AssetsGFC.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • Based on the Altman-Z score of 1.04, we must say that GFC is in the distress zone and has some risk of bankruptcy.
  • GFC has a better Altman-Z score (1.04) than 71.43% of its industry peers.
  • GFC has a debt to FCF ratio of 72.04. This is a negative value and a sign of low solvency as GFC would need 72.04 years to pay back of all of its debts.
  • The Debt to FCF ratio of GFC (72.04) is worse than 80.95% of its industry peers.
  • A Debt/Equity ratio of 0.65 indicates that GFC is somewhat dependend on debt financing.
  • GFC has a Debt to Equity ratio of 0.65. This is comparable to the rest of the industry: GFC outperforms 57.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 72.04
Altman-Z 1.04
ROIC/WACC0.54
WACC4.32%
GFC.PA Yearly LT Debt VS Equity VS FCFGFC.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • GFC has a Current Ratio of 0.55. 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 Current ratio (0.55) which is in line with its industry peers.
  • A Quick Ratio of 0.55 indicates that GFC may have some problems paying its short term obligations.
  • GFC's Quick ratio of 0.55 is in line compared to the rest of the industry. GFC outperforms 59.52% of its industry peers.
Industry RankSector Rank
Current Ratio 0.55
Quick Ratio 0.55
GFC.PA Yearly Current Assets VS Current LiabilitesGFC.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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4

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.75% over the past year.
  • The Earnings Per Share has been growing slightly by 1.53% on average over the past years.
  • GFC shows a small growth in Revenue. In the last year, the Revenue has grown by 4.15%.
  • GFC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.38% yearly.
EPS 1Y (TTM)5.75%
EPS 3Y6.47%
EPS 5Y1.53%
EPS Q2Q%6.29%
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%4.9%

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 2.63% on average per year.
  • Based on estimates for the next years, GFC will show a small growth in Revenue. The Revenue will grow by 4.53% on average per year.
EPS Next Y5.06%
EPS Next 2Y3.01%
EPS Next 3Y2.63%
EPS Next 5YN/A
Revenue Next Year3.7%
Revenue Next 2Y2.1%
Revenue Next 3Y2.7%
Revenue Next 5Y4.53%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
GFC.PA Yearly Revenue VS EstimatesGFC.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M 800M
GFC.PA Yearly EPS VS EstimatesGFC.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6

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4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.74 indicates a reasonable valuation of GFC.
  • GFC's Price/Earnings ratio is a bit cheaper when compared to the industry. GFC is cheaper than 66.67% of the companies in the same industry.
  • GFC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.18.
  • Based on the Price/Forward Earnings ratio of 11.41, the valuation of GFC can be described as reasonable.
  • GFC's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.51, GFC is valued rather cheaply.
Industry RankSector Rank
PE 11.74
Fwd PE 11.41
GFC.PA Price Earnings VS Forward Price EarningsGFC.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as GFC.
  • 80.95% of the companies in the same industry are cheaper than GFC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 62.86
EV/EBITDA 18.84
GFC.PA Per share dataGFC.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • GFC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.32
PEG (5Y)7.66
EPS Next 2Y3.01%
EPS Next 3Y2.63%

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4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 7.01%, GFC is a good candidate for dividend investing.
  • GFC's Dividend Yield is a higher than the industry average which is at 5.30.
  • GFC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 7.01%

5.2 History

  • The dividend of GFC decreases each year by -0.70%.
Dividend Growth(5Y)-0.7%
Div Incr Years1
Div Non Decr Years4
GFC.PA Yearly Dividends per shareGFC.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

  • GFC pays out 127.77% of its income as dividend. This is not a sustainable payout ratio.
DP127.77%
EPS Next 2Y3.01%
EPS Next 3Y2.63%
GFC.PA Yearly Income VS Free CF VS DividendGFC.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B
GFC.PA Dividend Payout.GFC.PA Dividend Payout, showing the Payout Ratio.GFC.PA Dividend Payout.PayoutRetained Earnings

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GECINA SA

EPA:GFC (2/3/2026, 7:00:00 PM)

77.7

+0.15 (+0.19%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-14
Earnings (Next)02-10
Inst Owners59.94%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap5.97B
Revenue(TTM)694.48M
Net Income(TTM)309.76M
Analysts80
Price Target106.94 (37.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.01%
Yearly Dividend5.31
Dividend Growth(5Y)-0.7%
DP127.77%
Div Incr Years1
Div Non Decr Years4
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)-1.33%
PT rev (3m)-3.83%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.09%
EPS NY rev (3m)-0.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.36%
Valuation
Industry RankSector Rank
PE 11.74
Fwd PE 11.41
P/S 8.59
P/FCF 62.86
P/OCF 11.55
P/B 0.57
P/tB 0.58
EV/EBITDA 18.84
EPS(TTM)6.62
EY8.52%
EPS(NY)6.81
Fwd EY8.77%
FCF(TTM)1.24
FCFY1.59%
OCF(TTM)6.73
OCFY8.66%
SpS9.04
BVpS135.41
TBVpS133.11
PEG (NY)2.32
PEG (5Y)7.66
Graham Number142.02
Profitability
Industry RankSector Rank
ROA 1.71%
ROE 2.98%
ROCE 3.48%
ROIC 2.34%
ROICexc 2.44%
ROICexgc 2.47%
OM 79.23%
PM (TTM) 44.6%
GM 91.97%
FCFM 13.67%
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%
ROICexgc growth 3Y11.07%
ROICexgc 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 RankSector Rank
Debt/Equity 0.65
Debt/FCF 72.04
Debt/EBITDA 11.98
Cap/Depr 3437.44%
Cap/Sales 60.69%
Interest Coverage 6.38
Cash Conversion 91.81%
Profit Quality 30.64%
Current Ratio 0.55
Quick Ratio 0.55
Altman-Z 1.04
F-Score8
WACC4.32%
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)5.75%
EPS 3Y6.47%
EPS 5Y1.53%
EPS Q2Q%6.29%
EPS Next Y5.06%
EPS Next 2Y3.01%
EPS Next 3Y2.63%
EPS Next 5YN/A
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%4.9%
Revenue Next Year3.7%
Revenue Next 2Y2.1%
Revenue Next 3Y2.7%
Revenue Next 5Y4.53%
EBIT growth 1Y5.05%
EBIT growth 3Y5.7%
EBIT growth 5Y0.87%
EBIT Next Year5.15%
EBIT Next 3Y3.54%
EBIT Next 5Y4.58%
FCF growth 1Y-15.61%
FCF growth 3Y6.25%
FCF growth 5Y15.9%
OCF growth 1Y2.09%
OCF growth 3Y7.59%
OCF growth 5Y-0.67%

GECINA SA / GFC.PA FAQ

Can you provide the ChartMill fundamental rating for GECINA SA?

ChartMill assigns a fundamental rating of 4 / 10 to GFC.PA.


Can you provide the valuation status for GECINA SA?

ChartMill assigns a valuation rating of 4 / 10 to GECINA SA (GFC.PA). This can be considered as Fairly Valued.


What is the profitability of GFC stock?

GECINA SA (GFC.PA) has a profitability rating of 6 / 10.


What is the valuation of GECINA SA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for GECINA SA (GFC.PA) is 11.74 and the Price/Book (PB) ratio is 0.57.


Can you provide the financial health for GFC stock?

The financial health rating of GECINA SA (GFC.PA) is 2 / 10.