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PAREF (PAR.PA) Stock Fundamental Analysis

EPA:PAR - Euronext Paris - Matif - FR0010263202 - REIT - Currency: EUR

38  0 (0%)

Fundamental Rating

3

PAR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 43 industry peers in the Diversified REITs industry. PAR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. PAR has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

PAR had negative earnings in the past year.
In the past year PAR had a positive cash flow from operations.
PAR had positive earnings in 4 of the past 5 years.
In the past 5 years PAR always reported a positive cash flow from operatings.
PAR.PA Yearly Net Income VS EBIT VS OCF VS FCFPAR.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5M -5M 10M -10M -15M

1.2 Ratios

PAR has a Return On Assets of -7.89%. This is amonst the worse of the industry: PAR underperforms 85.00% of its industry peers.
PAR has a worse Return On Equity (-14.38%) than 85.00% of its industry peers.
Industry RankSector Rank
ROA -7.89%
ROE -14.38%
ROIC N/A
ROA(3y)-0.33%
ROA(5y)1.71%
ROE(3y)-1.07%
ROE(5y)2.58%
ROIC(3y)N/A
ROIC(5y)N/A
PAR.PA Yearly ROA, ROE, ROICPAR.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 -10

1.3 Margins

PAR's Gross Margin of 57.57% is on the low side compared to the rest of the industry. PAR is outperformed by 75.00% of its industry peers.
In the last couple of years the Gross Margin of PAR has declined.
The Profit Margin and Operating Margin are not available for PAR so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 57.57%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.19%
GM growth 5Y-4.83%
PAR.PA Yearly Profit, Operating, Gross MarginsPAR.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100 -100

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4

2. Health

2.1 Basic Checks

PAR does not have a ROIC to compare to the WACC, probably because it is not profitable.
PAR has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, PAR has more shares outstanding
Compared to 1 year ago, PAR has a worse debt to assets ratio.
PAR.PA Yearly Shares OutstandingPAR.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 500K 1M 1.5M
PAR.PA Yearly Total Debt VS Total AssetsPAR.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

Based on the Altman-Z score of 0.86, we must say that PAR is in the distress zone and has some risk of bankruptcy.
PAR's Altman-Z score of 0.86 is in line compared to the rest of the industry. PAR outperforms 52.50% of its industry peers.
The Debt to FCF ratio of PAR is 8.93, which is on the high side as it means it would take PAR, 8.93 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 8.93, PAR belongs to the best of the industry, outperforming 82.50% of the companies in the same industry.
A Debt/Equity ratio of 0.64 indicates that PAR is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.64, PAR is in the better half of the industry, outperforming 67.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 8.93
Altman-Z 0.86
ROIC/WACCN/A
WACC4.49%
PAR.PA Yearly LT Debt VS Equity VS FCFPAR.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M

2.3 Liquidity

PAR has a Current Ratio of 1.15. This is a normal value and indicates that PAR is financially healthy and should not expect problems in meeting its short term obligations.
PAR's Current ratio of 1.15 is fine compared to the rest of the industry. PAR outperforms 77.50% of its industry peers.
PAR has a Quick Ratio of 1.15. This is a normal value and indicates that PAR is financially healthy and should not expect problems in meeting its short term obligations.
PAR has a better Quick ratio (1.15) than 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.15
Quick Ratio 1.15
PAR.PA Yearly Current Assets VS Current LiabilitesPAR.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M

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3

3. Growth

3.1 Past

PAR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -507.79%.
The Revenue has grown by 30.96% in the past year. This is a very strong growth!
Measured over the past years, PAR shows a quite strong growth in Revenue. The Revenue has been growing by 10.65% on average per year.
EPS 1Y (TTM)-507.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%22.98%
Revenue 1Y (TTM)30.96%
Revenue growth 3Y1.48%
Revenue growth 5Y10.65%
Sales Q2Q%2.87%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
PAR.PA Yearly Revenue VS EstimatesPAR.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
PAR.PA Yearly EPS VS EstimatesPAR.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for PAR. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
PAR.PA Price Earnings VS Forward Price EarningsPAR.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAR indicates a rather cheap valuation: PAR is cheaper than 95.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.87
EV/EBITDA N/A
PAR.PA Per share dataPAR.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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2

5. Dividend

5.1 Amount

PAR has a Yearly Dividend Yield of 3.87%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 8.20, PAR is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.29, PAR pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.87%

5.2 History

The dividend of PAR decreases each year by -1.72%.
Dividend Growth(5Y)-1.72%
Div Incr Years0
Div Non Decr Years0
PAR.PA Yearly Dividends per sharePAR.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 1 2 3 4

5.3 Sustainability

PAR has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-13.78%
EPS Next 2YN/A
EPS Next 3YN/A
PAR.PA Yearly Income VS Free CF VS DividendPAR.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5M -5M 10M -10M -15M

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PAREF

EPA:PAR (2/21/2025, 7:00:00 PM)

38

0 (0%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-24 2024-10-24
Earnings (Next)02-20 2025-02-20
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners65.17%
Ins Owner ChangeN/A
Market Cap57.38M
Analysts80
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.87%
Yearly Dividend3
Dividend Growth(5Y)-1.72%
DP-13.78%
Div Incr Years0
Div Non Decr Years0
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.54
P/FCF 6.87
P/OCF 7.15
P/B 0.5
P/tB 0.51
EV/EBITDA N/A
EPS(TTM)-10.89
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)5.53
FCFY14.55%
OCF(TTM)5.31
OCFY13.98%
SpS8.36
BVpS75.68
TBVpS75.24
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -7.89%
ROE -14.38%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 57.57%
FCFM 66.12%
ROA(3y)-0.33%
ROA(5y)1.71%
ROE(3y)-1.07%
ROE(5y)2.58%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.19%
GM growth 5Y-4.83%
F-Score6
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 8.93
Debt/EBITDA N/A
Cap/Depr 35.9%
Cap/Sales 2.58%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.15
Quick Ratio 1.15
Altman-Z 0.86
F-Score6
WACC4.49%
ROIC/WACCN/A
Cap/Depr(3y)24.97%
Cap/Depr(5y)N/A
Cap/Sales(3y)2.49%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-507.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%22.98%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)30.96%
Revenue growth 3Y1.48%
Revenue growth 5Y10.65%
Sales Q2Q%2.87%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y56.5%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y97.7%
FCF growth 3Y-29.3%
FCF growth 5Y-18.21%
OCF growth 1Y74.49%
OCF growth 3Y-29.62%
OCF growth 5Y-18.39%