PATRIMOINE ET COMMERCE-REGR (PAT.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:PAT - FR0011027135 - Common Stock
22.8 EUR
+0.2 (+0.88%)
Overall PAT gets a fundamental rating of 6 out of 10. We evaluated PAT against 41 industry peers in the Diversified REITs industry. PAT scores excellent on profitability, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on PAT. PAT also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year PAT was profitable.
PAT had a positive operating cash flow in the past year.
PAT had positive earnings in each of the past 5 years.
PAT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of PAT (3.94%) is better than 73.17% of its industry peers.
Looking at the Return On Equity, with a value of 8.16%, PAT is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
PAT's Return On Invested Capital of 3.89% is fine compared to the rest of the industry. PAT outperforms 65.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PAT is in line with the industry average of 3.63%.
The 3 year average ROIC (3.57%) for PAT is below the current ROIC(3.89%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.94% | ||
| ROE | 8.16% | ||
| ROIC | 3.89% |
ROA(3y)4.22%
ROA(5y)3.64%
ROE(3y)8.75%
ROE(5y)7.76%
ROIC(3y)3.57%
ROIC(5y)3.5%
1.3 Margins
The Profit Margin of PAT (64.55%) is better than 75.61% of its industry peers.
In the last couple of years the Profit Margin of PAT has grown nicely.
PAT has a Operating Margin of 75.91%. This is in the better half of the industry: PAT outperforms 65.85% of its industry peers.
In the last couple of years the Operating Margin of PAT has declined.
PAT's Gross Margin of 89.19% is amongst the best of the industry. PAT outperforms 80.49% of its industry peers.
PAT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 75.91% | ||
| PM (TTM) | 64.55% | ||
| GM | 89.19% |
OM growth 3Y-2.02%
OM growth 5Y-2.83%
PM growth 3Y0.28%
PM growth 5Y5.42%
GM growth 3Y-1.1%
GM growth 5Y-0.61%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PAT is destroying value.
Compared to 1 year ago, PAT has more shares outstanding
PAT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PAT has an improved debt to assets ratio.
2.2 Solvency
PAT has an Altman-Z score of 0.96. This is a bad value and indicates that PAT is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.96, PAT is in the better half of the industry, outperforming 60.98% of the companies in the same industry.
The Debt to FCF ratio of PAT is 13.62, which is on the high side as it means it would take PAT, 13.62 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 13.62, PAT is in line with its industry, outperforming 48.78% of the companies in the same industry.
A Debt/Equity ratio of 0.77 indicates that PAT is somewhat dependend on debt financing.
PAT has a Debt to Equity ratio of 0.77. This is in the lower half of the industry: PAT underperforms 60.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 13.62 | ||
| Altman-Z | 0.96 |
ROIC/WACC0.8
WACC4.87%
2.3 Liquidity
A Current Ratio of 0.48 indicates that PAT may have some problems paying its short term obligations.
With a Current ratio value of 0.48, PAT perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
A Quick Ratio of 0.48 indicates that PAT may have some problems paying its short term obligations.
The Quick ratio of PAT (0.48) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
PAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.67%, which is quite good.
PAT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.44% yearly.
Looking at the last year, PAT shows a quite strong growth in Revenue. The Revenue has grown by 13.70% in the last year.
The Revenue has been growing slightly by 4.13% on average over the past years.
EPS 1Y (TTM)17.67%
EPS 3Y7.68%
EPS 5Y7.44%
EPS Q2Q%-22.92%
Revenue 1Y (TTM)13.7%
Revenue growth 3Y8.83%
Revenue growth 5Y4.13%
Sales Q2Q%9.61%
3.2 Future
PAT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.59% yearly.
The Revenue is expected to grow by 7.59% on average over the next years.
EPS Next Y25.24%
EPS Next 2Y20.12%
EPS Next 3Y25.59%
EPS Next 5YN/A
Revenue Next Year11.32%
Revenue Next 2Y9.03%
Revenue Next 3Y7.59%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 9.42 indicates a reasonable valuation of PAT.
85.37% of the companies in the same industry are more expensive than PAT, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.38, PAT is valued rather cheaply.
PAT is valuated cheaply with a Price/Forward Earnings ratio of 7.45.
Based on the Price/Forward Earnings ratio, PAT is valued cheaper than 95.12% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PAT to the average of the S&P500 Index (23.83), we can say PAT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.42 | ||
| Fwd PE | 7.45 |
4.2 Price Multiples
65.85% of the companies in the same industry are more expensive than PAT, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as PAT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.79 | ||
| EV/EBITDA | 16.51 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PAT has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PAT's earnings are expected to grow with 25.59% in the coming years.
PEG (NY)0.37
PEG (5Y)1.27
EPS Next 2Y20.12%
EPS Next 3Y25.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.90%, PAT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.22, PAT has a dividend in line with its industry peers.
PAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.9% |
5.2 History
The dividend of PAT has a limited annual growth rate of 1.91%.
Dividend Growth(5Y)1.91%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
PAT pays out 54.18% of its income as dividend. This is a bit on the high side, but may be sustainable.
PAT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP54.18%
EPS Next 2Y20.12%
EPS Next 3Y25.59%
EPA:PAT (12/19/2025, 7:00:00 PM)
22.8
+0.2 (+0.88%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners34.5%
Inst Owner ChangeN/A
Ins Owners6.31%
Ins Owner ChangeN/A
Market Cap364.12M
Revenue(TTM)59.16M
Net Income(TTM)38.19M
Analysts84
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.9% |
Yearly Dividend1.34
Dividend Growth(5Y)1.91%
DP54.18%
Div Incr Years3
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.42 | ||
| Fwd PE | 7.45 | ||
| P/S | 6.15 | ||
| P/FCF | 11.79 | ||
| P/OCF | 8.32 | ||
| P/B | 0.78 | ||
| P/tB | 0.78 | ||
| EV/EBITDA | 16.51 |
EPS(TTM)2.42
EY10.61%
EPS(NY)3.06
Fwd EY13.42%
FCF(TTM)1.93
FCFY8.48%
OCF(TTM)2.74
OCFY12.02%
SpS3.7
BVpS29.32
TBVpS29.32
PEG (NY)0.37
PEG (5Y)1.27
Graham Number39.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.94% | ||
| ROE | 8.16% | ||
| ROCE | 5.36% | ||
| ROIC | 3.89% | ||
| ROICexc | 4.02% | ||
| ROICexgc | 4.02% | ||
| OM | 75.91% | ||
| PM (TTM) | 64.55% | ||
| GM | 89.19% | ||
| FCFM | 52.19% |
ROA(3y)4.22%
ROA(5y)3.64%
ROE(3y)8.75%
ROE(5y)7.76%
ROIC(3y)3.57%
ROIC(5y)3.5%
ROICexc(3y)3.8%
ROICexc(5y)3.87%
ROICexgc(3y)3.8%
ROICexgc(5y)3.87%
ROCE(3y)4.91%
ROCE(5y)4.8%
ROICexgc growth 3Y0.81%
ROICexgc growth 5Y-1.2%
ROICexc growth 3Y0.81%
ROICexc growth 5Y-1.2%
OM growth 3Y-2.02%
OM growth 5Y-2.83%
PM growth 3Y0.28%
PM growth 5Y5.42%
GM growth 3Y-1.1%
GM growth 5Y-0.61%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 13.62 | ||
| Debt/EBITDA | 7.98 | ||
| Cap/Depr | 6167.46% | ||
| Cap/Sales | 21.79% | ||
| Interest Coverage | 3.41 | ||
| Cash Conversion | 97% | ||
| Profit Quality | 80.85% | ||
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 0.96 |
F-Score6
WACC4.87%
ROIC/WACC0.8
Cap/Depr(3y)14486%
Cap/Depr(5y)46663.9%
Cap/Sales(3y)64.67%
Cap/Sales(5y)49.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.67%
EPS 3Y7.68%
EPS 5Y7.44%
EPS Q2Q%-22.92%
EPS Next Y25.24%
EPS Next 2Y20.12%
EPS Next 3Y25.59%
EPS Next 5YN/A
Revenue 1Y (TTM)13.7%
Revenue growth 3Y8.83%
Revenue growth 5Y4.13%
Sales Q2Q%9.61%
Revenue Next Year11.32%
Revenue Next 2Y9.03%
Revenue Next 3Y7.59%
Revenue Next 5YN/A
EBIT growth 1Y8.52%
EBIT growth 3Y6.63%
EBIT growth 5Y1.19%
EBIT Next Year139.13%
EBIT Next 3Y37.66%
EBIT Next 5YN/A
FCF growth 1Y45.85%
FCF growth 3Y13.18%
FCF growth 5YN/A
OCF growth 1Y8.88%
OCF growth 3Y6.84%
OCF growth 5Y-0.24%
PATRIMOINE ET COMMERCE-REGR / PAT.PA FAQ
What is the ChartMill fundamental rating of PATRIMOINE ET COMMERCE-REGR (PAT.PA) stock?
ChartMill assigns a fundamental rating of 6 / 10 to PAT.PA.
Can you provide the valuation status for PATRIMOINE ET COMMERCE-REGR?
ChartMill assigns a valuation rating of 8 / 10 to PATRIMOINE ET COMMERCE-REGR (PAT.PA). This can be considered as Undervalued.
What is the profitability of PAT stock?
PATRIMOINE ET COMMERCE-REGR (PAT.PA) has a profitability rating of 7 / 10.
What are the PE and PB ratios of PATRIMOINE ET COMMERCE-REGR (PAT.PA) stock?
The Price/Earnings (PE) ratio for PATRIMOINE ET COMMERCE-REGR (PAT.PA) is 9.42 and the Price/Book (PB) ratio is 0.78.
Is the dividend of PATRIMOINE ET COMMERCE-REGR sustainable?
The dividend rating of PATRIMOINE ET COMMERCE-REGR (PAT.PA) is 7 / 10 and the dividend payout ratio is 54.18%.