GECINA SA (GFC.PA) Fundamental Analysis & Valuation

EPA:GFC • FR0010040865

73.4 EUR
-0.5 (-0.68%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This GFC.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, GFC scores 4 out of 10 in our fundamental rating. GFC was compared to 43 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.


Dividend Valuation Growth Profitability Health

6

1. GFC.PA Profitability Analysis

1.1 Basic Checks

  • GFC had positive earnings in the past year.
  • GFC had a positive operating cash flow in the past year.
  • GFC had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years GFC had a positive operating cash flow.
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 2025 0 1B -1B

1.2 Ratios

  • The Return On Assets of GFC (2.48%) is comparable to the rest of the industry.
  • GFC's Return On Equity of 4.31% is in line compared to the rest of the industry. GFC outperforms 48.84% of its industry peers.
  • GFC's Return On Invested Capital of 2.75% is on the low side compared to the rest of the industry. GFC is outperformed by 69.77% of its industry peers.
Industry RankSector Rank
ROA 2.48%
ROE 4.31%
ROIC 2.75%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
GFC.PA Yearly ROA, ROE, ROICGFC.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10

1.3 Margins

  • GFC has a better Profit Margin (62.90%) than 72.09% of its industry peers.
  • In the last couple of years the Profit Margin of GFC has grown nicely.
  • GFC's Operating Margin of 90.69% is amongst the best of the industry. GFC outperforms 90.70% of its industry peers.
  • GFC's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 92.74%, GFC belongs to the best of the industry, outperforming 90.70% of the companies in the same industry.
  • In the last couple of years the Gross Margin of GFC has remained more or less at the same level.
Industry RankSector Rank
OM 90.69%
PM (TTM) 62.9%
GM 92.74%
OM growth 3Y5.57%
OM growth 5Y4.03%
PM growth 3Y32.4%
PM growth 5Y21.69%
GM growth 3Y0.64%
GM growth 5Y0.6%
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 2025 0 200 -200

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. GFC.PA Health Analysis

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.
GFC.PA Yearly Shares OutstandingGFC.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B 20B

2.2 Solvency

  • GFC has an Altman-Z score of 1.04. This is a bad value and indicates that GFC is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.04, GFC is in the better half of the industry, outperforming 72.09% of the companies in the same industry.
  • 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.
  • The Debt to FCF ratio of GFC (72.04) is worse than 74.42% of its industry peers.
  • A Debt/Equity ratio of 0.65 indicates that GFC is somewhat dependend on debt financing.
  • GFC's Debt to Equity ratio of 0.65 is fine compared to the rest of the industry. GFC outperforms 60.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 72.04
Altman-Z 1.04
ROIC/WACC0.65
WACC4.2%
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 2025 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.
  • The Current ratio of GFC (0.55) is comparable to the rest of the industry.
  • 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 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 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. GFC.PA Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.98% over the past year.
  • The Earnings Per Share has been growing slightly by 4.15% on average over the past years.
  • Looking at the last year, GFC shows a small growth in Revenue. The Revenue has grown by 2.61% in the last year.
  • The Revenue has been growing slightly by 1.61% on average over the past years.
EPS 1Y (TTM)4.98%
EPS 3Y6.63%
EPS 5Y4.15%
EPS Q2Q%3.7%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y4.42%
Revenue growth 5Y1.61%
Sales Q2Q%0.37%

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 1.47% on average per year.
  • Based on estimates for the next years, GFC will show a small growth in Revenue. The Revenue will grow by 5.57% on average per year.
EPS Next Y1.06%
EPS Next 2Y1.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.17%
Revenue Next 2Y1.64%
Revenue Next 3Y3.27%
Revenue Next 5Y5.57%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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.
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 2028 2 4 6

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4

4. GFC.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.89 indicates a reasonable valuation of GFC.
  • 74.42% of the companies in the same industry are more expensive than GFC, based on the Price/Earnings ratio.
  • GFC is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • GFC is valuated reasonably with a Price/Forward Earnings ratio of 10.78.
  • 65.12% of the companies in the same industry are more expensive than GFC, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of GFC to the average of the S&P500 Index (24.57), we can say GFC is valued rather cheaply.
Industry RankSector Rank
PE 10.89
Fwd PE 10.78
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

  • 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 RankSector Rank
P/FCF 59.38
EV/EBITDA N/A
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 GFC does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of GFC may justify a higher PE ratio.
PEG (NY)10.25
PEG (5Y)2.62
EPS Next 2Y1.47%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. GFC.PA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 7.44%, GFC is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.12, 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 1.82.
Industry RankSector Rank
Dividend Yield 7.44%

5.2 History

  • The dividend of GFC has a limited annual growth rate of 0.58%.
Dividend Growth(5Y)0.58%
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 2026 1 2 3 4 5

5.3 Sustainability

  • GFC pays out 88.30% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of GFC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP88.3%
EPS Next 2Y1.47%
EPS Next 3YN/A
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 2025 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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GFC.PA Fundamentals: All Metrics, Ratios and Statistics

GECINA SA

EPA:GFC (3/6/2026, 7:00:00 PM)

73.4

-0.5 (-0.68%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10
Earnings (Next)04-22
Inst Owners58.99%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap5.64B
Revenue(TTM)712.61M
Net Income(TTM)448.20M
Analysts78.26
Price Target101.31 (38.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.44%
Yearly Dividend5.45
Dividend Growth(5Y)0.58%
DP88.3%
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)-5.27%
PT rev (3m)-8.9%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.09%
Revenue NY rev (3m)0.04%
Valuation
Industry RankSector Rank
PE 10.89
Fwd PE 10.78
P/S 7.91
P/FCF 59.38
P/OCF 10.91
P/B 0.54
P/tB 0.55
EV/EBITDA N/A
EPS(TTM)6.74
EY9.18%
EPS(NY)6.81
Fwd EY9.28%
FCF(TTM)1.24
FCFY1.68%
OCF(TTM)6.73
OCFY9.16%
SpS9.28
BVpS135.41
TBVpS133.11
PEG (NY)10.25
PEG (5Y)2.62
Graham Number143.3
Profitability
Industry RankSector Rank
ROA 2.48%
ROE 4.31%
ROCE 4.09%
ROIC 2.75%
ROICexc 2.87%
ROICexgc 2.9%
OM 90.69%
PM (TTM) 62.9%
GM 92.74%
FCFM 13.32%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y5.57%
OM growth 5Y4.03%
PM growth 3Y32.4%
PM growth 5Y21.69%
GM growth 3Y0.64%
GM growth 5Y0.6%
F-Score7
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 72.04
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 59.15%
Interest Coverage 7.5
Cash Conversion N/A
Profit Quality 21.18%
Current Ratio 0.55
Quick Ratio 0.55
Altman-Z 1.04
F-Score7
WACC4.2%
ROIC/WACC0.65
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)86.71%
Cap/Sales(5y)75.57%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.98%
EPS 3Y6.63%
EPS 5Y4.15%
EPS Q2Q%3.7%
EPS Next Y1.06%
EPS Next 2Y1.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.61%
Revenue growth 3Y4.42%
Revenue growth 5Y1.61%
Sales Q2Q%0.37%
Revenue Next Year0.17%
Revenue Next 2Y1.64%
Revenue Next 3Y3.27%
Revenue Next 5Y5.57%
EBIT growth 1Y17.46%
EBIT growth 3Y10.24%
EBIT growth 5Y5.7%
EBIT Next Year0.78%
EBIT Next 3Y3.23%
EBIT Next 5Y5.1%
FCF growth 1Y-7.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.51%
OCF growth 3Y-0.33%
OCF growth 5Y-1.04%

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 10.89 and the Price/Book (PB) ratio is 0.54.


Can you provide the financial health for GFC stock?

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