GECINA SA (GFC.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:GFC - FR0010040865 - REIT
77.55 EUR
+0.5 (+0.65%)
Taking everything into account, GFC scores 4 out of 10 in our fundamental rating. GFC was compared to 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 not valued too expensively and it also shows a decent growth rate.
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.
- Each year in the past 5 years GFC had a positive operating cash flow.
1.2 Ratios
- GFC has a Return On Assets (1.71%) which is comparable to the rest of the industry.
- GFC's Return On Equity of 2.98% is in line compared to the rest of the industry. GFC outperforms 41.46% of its industry peers.
- With a Return On Invested Capital value of 2.34%, GFC is not doing good in the industry: 75.61% of the companies in the same industry are doing better.
- 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 Rank | Sector 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%
1.3 Margins
- GFC's Profit Margin of 44.60% is fine compared to the rest of the industry. GFC outperforms 60.98% of its industry peers.
- GFC's Profit Margin has declined in the last couple of years.
- GFC has a Operating Margin of 79.23%. This is in the better half of the industry: GFC outperforms 73.17% of its industry peers.
- GFC's Operating Margin has been stable in the last couple of years.
- With an excellent Gross Margin value of 91.97%, GFC belongs to the best of the industry, outperforming 85.37% of the companies in the same industry.
- GFC's Gross Margin has been stable in the last couple of years.
| 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
- The debt/assets ratio for GFC is higher compared to a year ago.
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's Altman-Z score of 1.04 is fine compared to the rest of the industry. GFC outperforms 70.73% of its industry peers.
- The Debt to FCF ratio of GFC is 72.04, which is on the high side as it means it would take GFC, 72.04 years of fcf income to pay off all of its debts.
- GFC has a Debt to FCF ratio of 72.04. This is amonst the worse of the industry: GFC underperforms 82.93% of its industry peers.
- GFC has a Debt/Equity ratio of 0.65. This is a neutral value indicating 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 58.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 72.04 | ||
| Altman-Z | 1.04 |
ROIC/WACC0.54
WACC4.31%
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.
- The Current ratio of GFC (0.55) is comparable to the rest of the industry.
- GFC has a Quick 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 Quick ratio of 0.55. This is in the better half of the industry: GFC outperforms 60.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
- GFC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.75%.
- 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)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
- The Earnings Per Share is expected to grow by 2.63% 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 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
- 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
- A Price/Earnings ratio of 11.71 indicates a reasonable valuation of GFC.
- Compared to the rest of the industry, the Price/Earnings ratio of GFC indicates a somewhat cheap valuation: GFC is cheaper than 65.85% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.21, GFC is valued rather cheaply.
- GFC is valuated reasonably with a Price/Forward Earnings ratio of 11.38.
- The rest of the industry has a similar Price/Forward Earnings ratio as GFC.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, GFC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.71 | ||
| Fwd PE | 11.38 |
4.2 Price Multiples
- GFC's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, GFC is valued more expensive than 82.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.74 | ||
| EV/EBITDA | 18.78 |
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)2.32
PEG (5Y)7.65
EPS Next 2Y3.01%
EPS Next 3Y2.63%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.01%, GFC is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.41, 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 1.81.
| Industry Rank | Sector 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
5.3 Sustainability
- 127.77% of the earnings are spent on dividend by GFC. This is not a sustainable payout ratio.
DP127.77%
EPS Next 2Y3.01%
EPS Next 3Y2.63%
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 5 / 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 11.71 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.