FCR IMMOBILIEN AG (FC9.DE) Stock Fundamental Analysis
FRA:FC9 - Deutsche Boerse Ag - DE000A1YC913 - Common Stock - Currency: EUR
FC9 gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 73 industry peers in the Real Estate Management & Development industry. FC9 has an excellent profitability rating, but there are some minor 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.
In the past year FC9 had a positive cash flow from operations.
In the past 5 years FC9 has always been profitable.
FC9 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FC9 has a better Return On Assets (4.87%) than 90.41% of its industry peers.
FC9 has a Return On Equity of 15.09%. This is amongst the best in the industry. FC9 outperforms 94.52% of its industry peers.
FC9's Return On Invested Capital of 7.08% is amongst the best of the industry. FC9 outperforms 95.89% of its industry peers.
FC9 had an Average Return On Invested Capital over the past 3 years of 5.76%. This is in line with the industry average of 3.86%.
The 3 year average ROIC (5.76%) for FC9 is below the current ROIC(7.08%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 15.09% | ||
| ROIC | 7.08% |
ROA(3y)3.27%
ROA(5y)3.11%
ROE(3y)11.32%
ROE(5y)11.11%
ROIC(3y)5.76%
ROIC(5y)5.93%
1.3 Margins
The Profit Margin of FC9 (40.40%) is better than 86.30% of its industry peers.
FC9's Profit Margin has improved in the last couple of years.
FC9 has a better Operating Margin (73.38%) than 93.15% of its industry peers.
In the last couple of years the Operating Margin of FC9 has grown nicely.
FC9's Gross Margin of 101.21% is amongst the best of the industry. FC9 outperforms 100.00% of its industry peers.
FC9's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 73.38% | ||
| PM (TTM) | 40.4% | ||
| GM | 101.21% |
OM growth 3Y0.24%
OM growth 5Y2.4%
PM growth 3Y20.41%
PM growth 5Y15.53%
GM growth 3Y-0.12%
GM growth 5YN/A
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.
The number of shares outstanding for FC9 remains at a similar level compared to 1 year ago.
FC9 has more shares outstanding than it did 5 years ago.
FC9 has a better debt/assets ratio than last year.
2.2 Solvency
FC9 has an Altman-Z score of 0.95. This is a bad value and indicates that FC9 is not financially healthy and even has some risk of bankruptcy.
FC9 has a Altman-Z score of 0.95. This is comparable to the rest of the industry: FC9 outperforms 52.05% of its industry peers.
The Debt to FCF ratio of FC9 is 3.30, which is a good value as it means it would take FC9, 3.30 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FC9 (3.30) is better than 93.15% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that FC9 is not too dependend on debt financing.
FC9 has a better Debt to Equity ratio (0.28) than 72.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.3 | ||
| Altman-Z | 0.95 |
ROIC/WACC0.7
WACC10.11%
2.3 Liquidity
A Current Ratio of 0.24 indicates that FC9 may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.24, FC9 is doing worse than 79.45% of the companies in the same industry.
A Quick Ratio of 0.21 indicates that FC9 may have some problems paying its short term obligations.
With a Quick ratio value of 0.21, FC9 is not doing good in the industry: 73.97% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 149.11% over the past year.
Measured over the past years, FC9 shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.98% on average per year.
Looking at the last year, FC9 shows a decrease in Revenue. The Revenue has decreased by -4.55% in the last year.
FC9 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.71% yearly.
EPS 1Y (TTM)149.11%
EPS 3Y20.86%
EPS 5Y8.98%
EPS Q2Q%455.68%
Revenue 1Y (TTM)-4.55%
Revenue growth 3Y0.98%
Revenue growth 5Y1.71%
Sales Q2Q%7.44%
3.2 Future
FC9 is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -42.92% yearly.
FC9 is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -10.87% yearly.
EPS Next Y-71.49%
EPS Next 2Y-42.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-34.38%
Revenue Next 2Y-17.64%
Revenue Next 3Y-10.87%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
With a Price/Earnings ratio of 5.70, the valuation of FC9 can be described as very cheap.
95.89% of the companies in the same industry are more expensive than FC9, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.52. FC9 is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 19.80, FC9 is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FC9 indicates a somewhat cheap valuation: FC9 is cheaper than 64.38% of the companies listed in the same industry.
FC9's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.25.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.7 | ||
| Fwd PE | 19.8 |
4.2 Price Multiples
97.26% of the companies in the same industry are more expensive than FC9, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FC9 indicates a rather cheap valuation: FC9 is cheaper than 80.82% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.27 | ||
| EV/EBITDA | 4.37 |
4.3 Compensation for Growth
The excellent profitability rating of FC9 may justify a higher PE ratio.
FC9's earnings are expected to decrease with -42.92% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.63
EPS Next 2Y-42.92%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.60%, FC9 has a reasonable but not impressive dividend return.
FC9's Dividend Yield is a higher than the industry average which is at 7.56.
Compared to an average S&P500 Dividend Yield of 2.39, FC9 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
5.2 History
On average, the dividend of FC9 grows each year by 7.84%, which is quite nice.
Dividend Growth(5Y)7.84%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
11.30% of the earnings are spent on dividend by FC9. This is a low number and sustainable payout ratio.
DP11.3%
EPS Next 2Y-42.92%
EPS Next 3YN/A
FRA:FC9 (6/6/2025, 7:00:00 PM)
12.6
+0.1 (+0.8%)
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 | 3.6% |
Yearly Dividend0.25
Dividend Growth(5Y)7.84%
DP11.3%
Div Incr Years1
Div Non Decr Years1
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)0%
EPS NY rev (3m)-22.22%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-12.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.7 | ||
| Fwd PE | 19.8 | ||
| P/S | 2.3 | ||
| P/FCF | 6.27 | ||
| P/OCF | 6.13 | ||
| P/B | 0.86 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | 4.37 |
EPS(TTM)2.21
EY17.54%
EPS(NY)0.64
Fwd EY5.05%
FCF(TTM)2.01
FCFY15.96%
OCF(TTM)2.06
OCFY16.31%
SpS5.48
BVpS14.66
TBVpS14.19
PEG (NY)N/A
PEG (5Y)0.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 15.09% | ||
| ROCE | 10.32% | ||
| ROIC | 7.08% | ||
| ROICexc | 7.11% | ||
| ROICexgc | 7.19% | ||
| OM | 73.38% | ||
| PM (TTM) | 40.4% | ||
| GM | 101.21% | ||
| FCFM | 36.71% |
ROA(3y)3.27%
ROA(5y)3.11%
ROE(3y)11.32%
ROE(5y)11.11%
ROIC(3y)5.76%
ROIC(5y)5.93%
ROICexc(3y)5.83%
ROICexc(5y)6.07%
ROICexgc(3y)5.89%
ROICexgc(5y)6.13%
ROCE(3y)8.27%
ROCE(5y)8.48%
ROICexcg growth 3Y-0.92%
ROICexcg growth 5Y-1%
ROICexc growth 3Y-1.11%
ROICexc growth 5Y-1.22%
OM growth 3Y0.24%
OM growth 5Y2.4%
PM growth 3Y20.41%
PM growth 5Y15.53%
GM growth 3Y-0.12%
GM growth 5YN/A
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.3 | ||
| Debt/EBITDA | 1 | ||
| Cap/Depr | 42.02% | ||
| Cap/Sales | 0.82% | ||
| Interest Coverage | 2.53 | ||
| Cash Conversion | 49.82% | ||
| Profit Quality | 90.87% | ||
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 0.95 |
F-Score4
WACC10.11%
ROIC/WACC0.7
Cap/Depr(3y)132.31%
Cap/Depr(5y)246.7%
Cap/Sales(3y)3.58%
Cap/Sales(5y)4%
Profit Quality(3y)158.4%
Profit Quality(5y)129.71%
High Growth Momentum
Growth
EPS 1Y (TTM)149.11%
EPS 3Y20.86%
EPS 5Y8.98%
EPS Q2Q%455.68%
EPS Next Y-71.49%
EPS Next 2Y-42.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.55%
Revenue growth 3Y0.98%
Revenue growth 5Y1.71%
Sales Q2Q%7.44%
Revenue Next Year-34.38%
Revenue Next 2Y-17.64%
Revenue Next 3Y-10.87%
Revenue Next 5YN/A
EBIT growth 1Y-1.86%
EBIT growth 3Y1.22%
EBIT growth 5Y4.14%
EBIT Next Year-11.59%
EBIT Next 3Y-1.9%
EBIT Next 5YN/A
FCF growth 1Y-16.38%
FCF growth 3Y21.84%
FCF growth 5YN/A
OCF growth 1Y-19.12%
OCF growth 3Y15.08%
OCF growth 5YN/A