GECINA SA (GFC.PA) Stock Fundamental Analysis
EPA:GFC - Euronext Paris - Matif - FR0010040865 - REIT - Currency: EUR
Overall GFC gets a fundamental rating of 3 out of 10. We evaluated GFC against 42 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.
GFC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GFC has a Return On Assets (1.73%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 2.95%, GFC is in line with its industry, outperforming 42.86% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.39%, GFC is doing worse than 71.43% of the companies in the same industry.
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 3.74%.
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
GFC has a Profit Margin (44.60%) which is in line with its industry peers.
In the last couple of years the Profit Margin of GFC has declined.
GFC's Operating Margin of 79.23% is fine compared to the rest of the industry. GFC outperforms 73.81% of its industry peers.
GFC's Operating Margin has been stable in the last couple of years.
GFC's Gross Margin of 91.97% is amongst the best of the industry. GFC outperforms 83.33% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GFC is destroying value.
Compared to 1 year ago, GFC has about the same amount of shares outstanding.
GFC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, GFC has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.18, we must say that GFC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.18, GFC is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
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.
GFC has a worse Debt to FCF ratio (46.20) than 76.19% of its industry peers.
A Debt/Equity ratio of 0.59 indicates that GFC is somewhat dependend on debt financing.
GFC has a better Debt to Equity ratio (0.59) than 69.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 46.2 | ||
| Altman-Z | 1.18 |
ROIC/WACC0.53
WACC4.52%
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 64.29% of its industry peers.
A Quick Ratio of 0.72 indicates that GFC may have some problems paying its short term obligations.
GFC's Quick ratio of 0.72 is fine compared to the rest of the industry. GFC outperforms 66.67% 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 been growing slightly by 6.82% over the past year.
The Earnings Per Share has been growing slightly by 1.53% on average over the past years.
The Revenue has been growing slightly by 4.15% in the past year.
The Revenue has been growing slightly by 0.38% on average over the past years.
EPS 1Y (TTM)6.82%
EPS 3Y6.47%
EPS 5Y1.53%
EPS Q2Q%5.19%
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%5.24%
3.2 Future
The Earnings Per Share is expected to grow by 2.83% on average over the next years.
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 Y4.89%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPS Next 5YN/A
Revenue Next Year3.64%
Revenue Next 2Y2.46%
Revenue Next 3Y2.97%
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
GFC is valuated correctly with a Price/Earnings ratio of 13.99.
The rest of the industry has a similar Price/Earnings ratio as GFC.
GFC is valuated cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.33, GFC is valued correctly.
GFC's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of GFC to the average of the S&P500 Index (21.38), we can say GFC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.99 | ||
| Fwd PE | 13.33 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GFC indicates a slightly more expensive valuation: GFC is more expensive than 64.29% of the companies listed in the same industry.
78.57% of the companies in the same industry are cheaper than GFC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.47 | ||
| EV/EBITDA | 22.36 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.86
PEG (5Y)9.13
EPS Next 2Y3.52%
EPS Next 3Y2.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.08%, GFC is a good candidate for dividend investing.
GFC's Dividend Yield is a higher than the industry average which is at 7.73.
Compared to an average S&P500 Dividend Yield of 2.47, GFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
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 2Y3.52%
EPS Next 3Y2.83%
EPA:GFC (4/25/2025, 7:00:00 PM)
89.8
+0.1 (+0.11%)
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 Cap6.89B
Analysts79.13
Price Target112.81 (25.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
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)-3.27%
PT rev (3m)-4.89%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-1.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-1.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.99 | ||
| Fwd PE | 13.33 | ||
| P/S | 9.92 | ||
| P/FCF | 47.47 | ||
| P/OCF | 11.49 | ||
| P/B | 0.66 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 22.36 |
EPS(TTM)6.42
EY7.15%
EPS(NY)6.73
Fwd EY7.5%
FCF(TTM)1.89
FCFY2.11%
OCF(TTM)7.82
OCFY8.7%
SpS9.05
BVpS136.9
TBVpS134.59
PEG (NY)2.86
PEG (5Y)9.13
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 | 1.18 |
F-Score8
WACC4.52%
ROIC/WACC0.53
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)6.82%
EPS 3Y6.47%
EPS 5Y1.53%
EPS Q2Q%5.19%
EPS Next Y4.89%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPS Next 5YN/A
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%5.24%
Revenue Next Year3.64%
Revenue Next 2Y2.46%
Revenue Next 3Y2.97%
Revenue Next 5Y4.53%
EBIT growth 1Y5.05%
EBIT growth 3Y5.7%
EBIT growth 5Y0.87%
EBIT Next Year5.75%
EBIT Next 3Y4.26%
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%