GECINA SA (GFC.PA) Stock Fundamental Analysis
Europe - EPA:GFC - FR0010040865 - REIT
85.5 EUR
+1.05 (+1.24%)
Overall GFC gets a fundamental rating of 3 out of 10. We evaluated GFC against 40 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 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.
In the past year GFC had a positive cash flow from operations.
Of the past 5 years GFC 4 years were profitable.
In the past 5 years GFC always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.71%, GFC is in line with its industry, outperforming 50.00% of the companies in the same industry.
GFC has a Return On Equity of 2.98%. This is comparable to the rest of the industry: GFC outperforms 42.50% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.34%, GFC is doing worse than 77.50% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GFC is in line with the industry average of 3.43%.
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 62.50% of 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 75.00% of its industry peers.
In the last couple of years the Operating Margin of GFC has remained more or less at the same level.
GFC's Gross Margin of 91.97% is fine compared to the rest of the industry. GFC outperforms 80.00% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GFC is destroying value.
The number of shares outstanding for GFC remains at a similar level compared to 1 year ago.
GFC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GFC is higher compared to a year ago.
2.2 Solvency
GFC has an Altman-Z score of 1.08. This is a bad value and indicates that GFC is not financially healthy and even has some risk of bankruptcy.
GFC's Altman-Z score of 1.08 is fine compared to the rest of the industry. GFC outperforms 70.00% of its industry peers.
The Debt to FCF ratio of GFC is 72.06, which is on the high side as it means it would take GFC, 72.06 years of fcf income to pay off all of its debts.
GFC has a Debt to FCF ratio of 72.06. This is amonst the worse of the industry: GFC underperforms 85.00% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that GFC is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.65, GFC is doing good in the industry, outperforming 67.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 72.06 | ||
| Altman-Z | 1.08 |
ROIC/WACC0.54
WACC4.32%
2.3 Liquidity
A Current Ratio of 0.55 indicates that GFC may have some problems paying its short term obligations.
GFC's Current ratio of 0.55 is in line compared to the rest of the industry. GFC outperforms 57.50% of its industry peers.
A Quick Ratio of 0.55 indicates that GFC may have some problems paying its short term obligations.
GFC has a Quick ratio (0.55) which is comparable to the rest of the industry.
| 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.
Looking at the last year, GFC shows a small growth in Revenue. The Revenue has grown by 4.15% in the last 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 3.11% on average over the next years.
The Revenue is expected to grow by 4.53% on average over the next years.
EPS Next Y5.09%
EPS Next 2Y3.1%
EPS Next 3Y3.11%
EPS Next 5YN/A
Revenue Next Year3.31%
Revenue Next 2Y2.21%
Revenue Next 3Y2.96%
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.
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
GFC is valuated correctly with a Price/Earnings ratio of 12.92.
Compared to the rest of the industry, the Price/Earnings ratio of GFC indicates a somewhat cheap valuation: GFC is cheaper than 65.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. GFC is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 12.53 indicates a correct valuation of GFC.
Based on the Price/Forward Earnings ratio, GFC is valued a bit more expensive than the industry average as 65.00% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.73. GFC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.92 | ||
| Fwd PE | 12.53 |
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 60.00% of the companies listed in the same industry.
GFC's Price/Free Cash Flow ratio is rather expensive when compared to the industry. GFC is more expensive than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 69.15 | ||
| EV/EBITDA | 19.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GFC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.54
PEG (5Y)8.43
EPS Next 2Y3.1%
EPS Next 3Y3.11%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.47%, GFC is a good candidate for dividend investing.
GFC's Dividend Yield is a higher than the industry average which is at 5.57.
Compared to an average S&P500 Dividend Yield of 2.38, GFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
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
127.92% of the earnings are spent on dividend by GFC. This is not a sustainable payout ratio.
DP127.92%
EPS Next 2Y3.1%
EPS Next 3Y3.11%
EPA:GFC (9/15/2025, 12:57:51 PM)
85.5
+1.05 (+1.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners59.76%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap6.56B
Analysts77.27
Price Target112.89 (32.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
Yearly Dividend5.31
Dividend Growth(5Y)-0.7%
DP127.92%
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)1.59%
PT rev (3m)0.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.18%
EPS NY rev (3m)0.18%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.92 | ||
| Fwd PE | 12.53 | ||
| P/S | 9.45 | ||
| P/FCF | 69.15 | ||
| P/OCF | 12.71 | ||
| P/B | 0.63 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 19.78 |
EPS(TTM)6.62
EY7.74%
EPS(NY)6.82
Fwd EY7.98%
FCF(TTM)1.24
FCFY1.45%
OCF(TTM)6.73
OCFY7.87%
SpS9.05
BVpS135.5
TBVpS133.19
PEG (NY)2.54
PEG (5Y)8.43
Profitability
| Industry Rank | Sector 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 | 13.66% |
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 | 0.65 | ||
| Debt/FCF | 72.06 | ||
| Debt/EBITDA | 11.98 | ||
| Cap/Depr | 3437.7% | ||
| Cap/Sales | 60.7% | ||
| Interest Coverage | 6.34 | ||
| Cash Conversion | 91.81% | ||
| Profit Quality | 30.63% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 1.08 |
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 Y5.09%
EPS Next 2Y3.1%
EPS Next 3Y3.11%
EPS Next 5YN/A
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%4.9%
Revenue Next Year3.31%
Revenue Next 2Y2.21%
Revenue Next 3Y2.96%
Revenue Next 5Y4.53%
EBIT growth 1Y5.05%
EBIT growth 3Y5.7%
EBIT growth 5Y0.87%
EBIT Next Year5.63%
EBIT Next 3Y4.43%
EBIT Next 5Y4.58%
FCF growth 1Y-15.63%
FCF growth 3Y6.25%
FCF growth 5Y15.9%
OCF growth 1Y2.09%
OCF growth 3Y7.59%
OCF growth 5Y-0.67%