GECINA SA (GFC.PA) Stock Fundamental Analysis
EPA:GFC - Euronext Paris - Matif - FR0010040865 - REIT - Currency: EUR
Taking everything into account, GFC scores 3 out of 10 in our fundamental rating. GFC was compared to 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
GFC had positive earnings in the past year.
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 1.73%, GFC is in line with its industry, outperforming 45.00% of the companies in the same industry.
GFC has a worse Return On Equity (2.95%) than 60.00% of its industry peers.
The Return On Invested Capital of GFC (2.39%) is worse than 75.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GFC is in line with the industry average of 3.63%.
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's Profit Margin of 44.60% is in line compared to the rest of the industry. GFC outperforms 52.50% of its industry peers.
GFC's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 79.23%, GFC is in the better half of the industry, outperforming 72.50% of the companies in the same industry.
GFC's Operating Margin has been stable in the last couple of years.
GFC has a better Gross Margin (91.97%) than 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.
Compared to 1 year ago, GFC has about the same amount of shares outstanding.
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.
2.2 Solvency
GFC has an Altman-Z score of 1.19. This is a bad value and indicates that GFC is not financially healthy and even has some risk of bankruptcy.
GFC has a Altman-Z score of 1.19. This is in the better half of the industry: GFC outperforms 72.50% of its industry peers.
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's Debt to FCF ratio of 46.20 is on the low side compared to the rest of the industry. GFC is outperformed by 80.00% of its industry peers.
A Debt/Equity ratio of 0.59 indicates that GFC is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.59, GFC is in the better half of the industry, outperforming 67.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 46.2 | ||
| Altman-Z | 1.19 |
ROIC/WACC0.53
WACC4.48%
2.3 Liquidity
A Current Ratio of 0.72 indicates that GFC may have some problems paying its short term obligations.
GFC has a better Current ratio (0.72) than 62.50% of its industry peers.
GFC has a Quick 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 Quick ratio (0.72) than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
GFC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.82%.
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%.
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
Based on estimates for the next years, GFC will show a small growth in Earnings Per Share. The EPS will grow by 2.83% on average per year.
GFC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.53% yearly.
EPS Next Y4.89%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPS Next 5YN/A
Revenue Next Year3.65%
Revenue Next 2Y2.44%
Revenue Next 3Y2.82%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.23, the valuation of GFC can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of GFC is on the same level as its industry peers.
When comparing the Price/Earnings ratio of GFC to the average of the S&P500 Index (27.28), we can say GFC is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 13.57, the valuation of GFC can be described as correct.
GFC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. GFC is more expensive than 67.50% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GFC to the average of the S&P500 Index (21.76), we can say GFC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.23 | ||
| Fwd PE | 13.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GFC is valued a bit more expensive than 62.50% of the companies in the same industry.
GFC's Price/Free Cash Flow ratio is rather expensive when compared to the industry. GFC is more expensive than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.29 | ||
| EV/EBITDA | 22.5 |
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)2.91
PEG (5Y)9.29
EPS Next 2Y3.52%
EPS Next 3Y2.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.92%, GFC is a good candidate for dividend investing.
GFC's Dividend Yield is a higher than the industry average which is at 5.53.
GFC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.92% |
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
126.65% of the earnings are spent on dividend by GFC. This is not a sustainable payout ratio.
DP126.65%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPA:GFC (7/3/2025, 9:05:00 AM)
91.35
+0.55 (+0.61%)
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 Cap7.01B
Analysts78.18
Price Target111.82 (22.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.92% |
Yearly Dividend5.31
Dividend Growth(5Y)-0.7%
DP126.65%
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)-0.43%
PT rev (3m)-4.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.23 | ||
| Fwd PE | 13.57 | ||
| P/S | 10.09 | ||
| P/FCF | 48.29 | ||
| P/OCF | 11.69 | ||
| P/B | 0.67 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 22.5 |
EPS(TTM)6.42
EY7.03%
EPS(NY)6.73
Fwd EY7.37%
FCF(TTM)1.89
FCFY2.07%
OCF(TTM)7.82
OCFY8.56%
SpS9.05
BVpS136.9
TBVpS134.59
PEG (NY)2.91
PEG (5Y)9.29
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 | 1.19 |
F-Score8
WACC4.48%
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 Year3.65%
Revenue Next 2Y2.44%
Revenue Next 3Y2.82%
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 1Y0.51%
FCF growth 3Y6.25%
FCF growth 5Y15.9%
OCF growth 1Y12.13%
OCF growth 3Y7.59%
OCF growth 5Y-0.67%