FCR IMMOBILIEN AG (FC9.DE) Stock Fundamental Analysis
FRA:FC9 - Deutsche Boerse Ag - DE000A1YC913 - Common Stock - Currency: EUR
FC9 gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 70 industry peers in the Real Estate Management & Development industry. While FC9 has a great profitability rating, there are quite some concerns on its financial health. FC9 has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
FC9 had positive earnings in the past year.
FC9 had a positive operating cash flow in the past year.
In the past 5 years FC9 has always been profitable.
FC9 had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
FC9's Return On Assets of 1.66% is fine compared to the rest of the industry. FC9 outperforms 70.00% of its industry peers.
The Return On Equity of FC9 (5.81%) is better than 75.71% of its industry peers.
FC9 has a better Return On Invested Capital (8.09%) than 94.29% of its industry peers.
FC9 had an Average Return On Invested Capital over the past 3 years of 6.84%. This is above the industry average of 4.16%.
The last Return On Invested Capital (8.09%) for FC9 is above the 3 year average (6.84%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 5.81% | ||
| ROIC | 8.09% |
ROA(3y)2.65%
ROA(5y)2.74%
ROE(3y)10.04%
ROE(5y)10.37%
ROIC(3y)6.84%
ROIC(5y)7.14%
1.3 Margins
FC9 has a better Profit Margin (14.17%) than 72.86% of its industry peers.
In the last couple of years the Profit Margin of FC9 has grown nicely.
Looking at the Operating Margin, with a value of 72.31%, FC9 belongs to the top of the industry, outperforming 94.29% of the companies in the same industry.
In the last couple of years the Operating Margin of FC9 has remained more or less at the same level.
FC9's Gross Margin of 101.41% is amongst the best of the industry. FC9 outperforms 100.00% of its industry peers.
FC9's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.31% | ||
| PM (TTM) | 14.17% | ||
| GM | 101.41% |
OM growth 3Y4.42%
OM growth 5Y1.31%
PM growth 3Y-14.5%
PM growth 5Y14.28%
GM growth 3Y-0.28%
GM growth 5Y18.47%
2. Health
2.1 Basic Checks
FC9 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, FC9 has more shares outstanding
Compared to 5 years ago, FC9 has more shares outstanding
FC9 has a better debt/assets ratio than last year.
2.2 Solvency
FC9 has an Altman-Z score of 0.88. This is a bad value and indicates that FC9 is not financially healthy and even has some risk of bankruptcy.
FC9's Altman-Z score of 0.88 is in line compared to the rest of the industry. FC9 outperforms 60.00% of its industry peers.
FC9 has a debt to FCF ratio of 3.02. This is a good value and a sign of high solvency as FC9 would need 3.02 years to pay back of all of its debts.
FC9's Debt to FCF ratio of 3.02 is amongst the best of the industry. FC9 outperforms 97.14% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that FC9 is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.31, FC9 is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 3.02 | ||
| Altman-Z | 0.88 |
ROIC/WACC0.82
WACC9.83%
2.3 Liquidity
A Current Ratio of 0.30 indicates that FC9 may have some problems paying its short term obligations.
FC9 has a worse Current ratio (0.30) than 72.86% of its industry peers.
FC9 has a Quick Ratio of 0.30. This is a bad value and indicates that FC9 is not financially healthy enough and could expect problems in meeting its short term obligations.
FC9's Quick ratio of 0.27 is on the low side compared to the rest of the industry. FC9 is outperformed by 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The earnings per share for FC9 have decreased strongly by -39.37% in the last year.
The Earnings Per Share has been growing by 20.85% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 3.62% in the past year.
The Revenue has been growing by 8.72% on average over the past years. This is quite good.
EPS 1Y (TTM)-39.37%
EPS 3Y-4.89%
EPS 5Y20.85%
EPS Q2Q%-24.45%
Revenue 1Y (TTM)3.62%
Revenue growth 3Y13.33%
Revenue growth 5Y8.72%
Sales Q2Q%-14.44%
3.2 Future
FC9 is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -9.77% yearly.
The Revenue is expected to decrease by -13.84% on average over the next years. This is quite bad
EPS Next Y125.51%
EPS Next 2Y-19.82%
EPS Next 3Y-9.77%
EPS Next 5YN/A
Revenue Next Year-22.16%
Revenue Next 2Y-28.53%
Revenue Next 3Y-19.17%
Revenue Next 5Y-13.84%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
FC9 is valuated correctly with a Price/Earnings ratio of 16.80.
FC9's Price/Earnings ratio is a bit cheaper when compared to the industry. FC9 is cheaper than 71.43% of the companies in the same industry.
FC9 is valuated rather cheaply when we compare the Price/Earnings ratio to 25.05, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 19.80 indicates a rather expensive valuation of FC9.
65.71% of the companies in the same industry are more expensive than FC9, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.07. FC9 is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.8 | ||
| Fwd PE | 19.8 |
4.2 Price Multiples
98.57% of the companies in the same industry are more expensive than FC9, based on the Enterprise Value to EBITDA ratio.
FC9's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FC9 is cheaper than 82.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.76 | ||
| EV/EBITDA | 4.54 |
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.
The excellent profitability rating of FC9 may justify a higher PE ratio.
FC9's earnings are expected to decrease with -9.77% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.13
PEG (5Y)0.81
EPS Next 2Y-19.82%
EPS Next 3Y-9.77%
5. Dividend
5.1 Amount
FC9 has a Yearly Dividend Yield of 3.52%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 7.36, FC9 pays a bit more dividend than its industry peers.
FC9's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.52% |
5.2 History
On average, the dividend of FC9 grows each year by 44.85%, which is quite nice.
Dividend Growth(5Y)44.85%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
28.80% of the earnings are spent on dividend by FC9. This is a low number and sustainable payout ratio.
DP28.8%
EPS Next 2Y-19.82%
EPS Next 3Y-9.77%
FRA:FC9 (5/15/2025, 7:00:00 PM)
12.6
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners12.57%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap124.36M
Analysts80
Price Target22.44 (78.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.52% |
Yearly Dividend0.22
Dividend Growth(5Y)44.85%
DP28.8%
Div Incr Years0
Div Non Decr Years3
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)7.32%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)220.29%
EPS NY rev (3m)220.29%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)42.74%
Revenue NY rev (3m)42.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.8 | ||
| Fwd PE | 19.8 | ||
| P/S | 2.38 | ||
| P/FCF | 5.76 | ||
| P/OCF | 5.49 | ||
| P/B | 0.98 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 4.54 |
EPS(TTM)0.75
EY5.95%
EPS(NY)0.64
Fwd EY5.05%
FCF(TTM)2.19
FCFY17.36%
OCF(TTM)2.29
OCFY18.21%
SpS5.28
BVpS12.88
TBVpS12.41
PEG (NY)0.13
PEG (5Y)0.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 5.81% | ||
| ROCE | 9.88% | ||
| ROIC | 8.09% | ||
| ROICexc | 8.17% | ||
| ROICexgc | 8.27% | ||
| OM | 72.31% | ||
| PM (TTM) | 14.17% | ||
| GM | 101.41% | ||
| FCFM | 41.41% |
ROA(3y)2.65%
ROA(5y)2.74%
ROE(3y)10.04%
ROE(5y)10.37%
ROIC(3y)6.84%
ROIC(5y)7.14%
ROICexc(3y)7.05%
ROICexc(5y)7.36%
ROICexgc(3y)7.11%
ROICexgc(5y)7.4%
ROCE(3y)8.14%
ROCE(5y)8.49%
ROICexcg growth 3Y9.38%
ROICexcg growth 5Y-1.62%
ROICexc growth 3Y9.13%
ROICexc growth 5Y-1.83%
OM growth 3Y4.42%
OM growth 5Y1.31%
PM growth 3Y-14.5%
PM growth 5Y14.28%
GM growth 3Y-0.28%
GM growth 5Y18.47%
F-Score5
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 3.02 | ||
| Debt/EBITDA | 1.02 | ||
| Cap/Depr | 102.73% | ||
| Cap/Sales | 2.02% | ||
| Interest Coverage | 2.52 | ||
| Cash Conversion | 58.47% | ||
| Profit Quality | 292.29% | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.88 |
F-Score5
WACC9.83%
ROIC/WACC0.82
Cap/Depr(3y)247.08%
Cap/Depr(5y)N/A
Cap/Sales(3y)4.79%
Cap/Sales(5y)N/A
Profit Quality(3y)158.21%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-39.37%
EPS 3Y-4.89%
EPS 5Y20.85%
EPS Q2Q%-24.45%
EPS Next Y125.51%
EPS Next 2Y-19.82%
EPS Next 3Y-9.77%
EPS Next 5YN/A
Revenue 1Y (TTM)3.62%
Revenue growth 3Y13.33%
Revenue growth 5Y8.72%
Sales Q2Q%-14.44%
Revenue Next Year-22.16%
Revenue Next 2Y-28.53%
Revenue Next 3Y-19.17%
Revenue Next 5Y-13.84%
EBIT growth 1Y18.16%
EBIT growth 3Y18.34%
EBIT growth 5Y10.15%
EBIT Next Year3.79%
EBIT Next 3Y4.24%
EBIT Next 5YN/A
FCF growth 1Y60.31%
FCF growth 3Y44.06%
FCF growth 5Y26.86%
OCF growth 1Y40.71%
OCF growth 3Y36.74%
OCF growth 5Y27.69%