FONCIERE LYONNAISE (FLY.PA) Stock Fundamental Analysis
EPA:FLY - Euronext Paris - Matif - FR0000033409 - REIT - Currency: EUR
Overall FLY gets a fundamental rating of 3 out of 10. We evaluated FLY against 40 industry peers in the Diversified REITs industry. While FLY is still in line with the averages on profitability rating, there are concerns on its financial health. FLY is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FLY had positive earnings in the past year.
FLY had a positive operating cash flow in the past year.
FLY had positive earnings in 4 of the past 5 years.
FLY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FLY has a Return On Assets (2.97%) which is in line with its industry peers.
FLY has a better Return On Equity (6.35%) than 70.00% of its industry peers.
FLY has a Return On Invested Capital of 2.12%. This is amonst the worse of the industry: FLY underperforms 82.50% of its industry peers.
FLY had an Average Return On Invested Capital over the past 3 years of 2.02%. This is in line with the industry average of 3.64%.
The last Return On Invested Capital (2.12%) for FLY is above the 3 year average (2.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 6.35% | ||
| ROIC | 2.12% |
ROA(3y)-1.39%
ROA(5y)0.69%
ROE(3y)-3.03%
ROE(5y)0.75%
ROIC(3y)2.02%
ROIC(5y)1.81%
1.3 Margins
FLY has a Profit Margin of 92.16%. This is amongst the best in the industry. FLY outperforms 90.00% of its industry peers.
In the last couple of years the Profit Margin of FLY has declined.
FLY has a Operating Margin of 86.50%. This is amongst the best in the industry. FLY outperforms 85.00% of its industry peers.
In the last couple of years the Operating Margin of FLY has remained more or less at the same level.
With an excellent Gross Margin value of 96.74%, FLY belongs to the best of the industry, outperforming 92.50% of the companies in the same industry.
FLY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 86.5% | ||
| PM (TTM) | 92.16% | ||
| GM | 96.74% |
OM growth 3Y4.42%
OM growth 5Y0.13%
PM growth 3Y-20.77%
PM growth 5Y-22.47%
GM growth 3Y0.7%
GM growth 5Y0.33%
2. Health
2.1 Basic Checks
FLY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FLY has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FLY has less shares outstanding
Compared to 1 year ago, FLY has a worse debt to assets ratio.
2.2 Solvency
FLY has an Altman-Z score of 1.12. This is a bad value and indicates that FLY is not financially healthy and even has some risk of bankruptcy.
FLY's Altman-Z score of 1.12 is fine compared to the rest of the industry. FLY outperforms 67.50% of its industry peers.
FLY has a debt to FCF ratio of 22.19. This is a negative value and a sign of low solvency as FLY would need 22.19 years to pay back of all of its debts.
FLY's Debt to FCF ratio of 22.19 is on the low side compared to the rest of the industry. FLY is outperformed by 70.00% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that FLY is somewhat dependend on debt financing.
FLY's Debt to Equity ratio of 0.78 is on the low side compared to the rest of the industry. FLY is outperformed by 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 22.19 | ||
| Altman-Z | 1.12 |
ROIC/WACC0.39
WACC5.39%
2.3 Liquidity
FLY has a Current Ratio of 0.20. This is a bad value and indicates that FLY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of FLY (0.20) is worse than 77.50% of its industry peers.
FLY has a Quick Ratio of 0.20. This is a bad value and indicates that FLY is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.20, FLY is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
3. Growth
3.1 Past
FLY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 159.68%, which is quite impressive.
The earnings per share for FLY have been decreasing by -17.63% on average. This is quite bad
FLY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.11%.
FLY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.60% yearly.
EPS 1Y (TTM)159.68%
EPS 3Y-9.45%
EPS 5Y-17.63%
EPS Q2Q%29.81%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y12.53%
Revenue growth 5Y4.6%
Sales Q2Q%0.81%
3.2 Future
FLY is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.02% yearly.
Based on estimates for the next years, FLY will show a small growth in Revenue. The Revenue will grow by 5.70% on average per year.
EPS Next Y-12.34%
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
EPS Next 5YN/A
Revenue Next Year-0.95%
Revenue Next 2Y4.7%
Revenue Next 3Y5.7%
Revenue Next 5YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.28, which indicates a correct valuation of FLY.
FLY's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of FLY to the average of the S&P500 Index (26.82), we can say FLY is valued slightly cheaper.
With a Price/Forward Earnings ratio of 27.71, FLY can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, FLY is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
When comparing the Price/Forward Earnings ratio of FLY to the average of the S&P500 Index (36.21), we can say FLY is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.28 | ||
| Fwd PE | 27.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLY is valued a bit more expensive than 70.00% of the companies in the same industry.
FLY's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. FLY is more expensive than 77.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.79 | ||
| EV/EBITDA | 25.53 |
4.3 Compensation for Growth
The decent profitability rating of FLY may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
5. Dividend
5.1 Amount
FLY has a Yearly Dividend Yield of 3.80%.
Compared to an average industry Dividend Yield of 5.57, FLY is paying slightly less dividend.
FLY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
5.2 History
The dividend of FLY decreases each year by -1.96%.
Dividend Growth(5Y)-1.96%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
FLY pays out 53.17% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of FLY has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP53.17%
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
EPA:FLY (8/1/2025, 7:00:00 PM)
76.4
+1.4 (+1.87%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.28%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap3.29B
Analysts42.86
Price Target73.69 (-3.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
Yearly Dividend2.4
Dividend Growth(5Y)-1.96%
DP53.17%
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)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 | 14.28 | ||
| Fwd PE | 27.71 | ||
| P/S | 13.15 | ||
| P/FCF | 25.79 | ||
| P/OCF | 29.39 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 25.53 |
EPS(TTM)5.35
EY7%
EPS(NY)2.76
Fwd EY3.61%
FCF(TTM)2.96
FCFY3.88%
OCF(TTM)2.6
OCFY3.4%
SpS5.81
BVpS84.24
TBVpS84.15
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 6.35% | ||
| ROCE | 3.07% | ||
| ROIC | 2.12% | ||
| ROICexc | 2.14% | ||
| ROICexgc | 2.14% | ||
| OM | 86.5% | ||
| PM (TTM) | 92.16% | ||
| GM | 96.74% | ||
| FCFM | 51% |
ROA(3y)-1.39%
ROA(5y)0.69%
ROE(3y)-3.03%
ROE(5y)0.75%
ROIC(3y)2.02%
ROIC(5y)1.81%
ROICexc(3y)2.04%
ROICexc(5y)1.83%
ROICexgc(3y)2.04%
ROICexgc(5y)1.83%
ROCE(3y)2.89%
ROCE(5y)2.55%
ROICexcg growth 3Y19.38%
ROICexcg growth 5Y4.47%
ROICexc growth 3Y19.37%
ROICexc growth 5Y4.46%
OM growth 3Y4.42%
OM growth 5Y0.13%
PM growth 3Y-20.77%
PM growth 5Y-22.47%
GM growth 3Y0.7%
GM growth 5Y0.33%
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 22.19 | ||
| Debt/EBITDA | 12.98 | ||
| Cap/Depr | 1039.88% | ||
| Cap/Sales | 6.25% | ||
| Interest Coverage | 3.49 | ||
| Cash Conversion | 51.38% | ||
| Profit Quality | 55.34% | ||
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 | ||
| Altman-Z | 1.12 |
F-Score4
WACC5.39%
ROIC/WACC0.39
Cap/Depr(3y)454.49%
Cap/Depr(5y)335.66%
Cap/Sales(3y)3.65%
Cap/Sales(5y)2.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)159.68%
EPS 3Y-9.45%
EPS 5Y-17.63%
EPS Q2Q%29.81%
EPS Next Y-12.34%
EPS Next 2Y-1.17%
EPS Next 3Y-1.02%
EPS Next 5YN/A
Revenue 1Y (TTM)2.11%
Revenue growth 3Y12.53%
Revenue growth 5Y4.6%
Sales Q2Q%0.81%
Revenue Next Year-0.95%
Revenue Next 2Y4.7%
Revenue Next 3Y5.7%
Revenue Next 5YN/A
EBIT growth 1Y0.91%
EBIT growth 3Y17.5%
EBIT growth 5Y4.74%
EBIT Next Year-22.09%
EBIT Next 3Y-2.52%
EBIT Next 5YN/A
FCF growth 1Y19.59%
FCF growth 3Y-3.92%
FCF growth 5Y-7.28%
OCF growth 1Y-11%
OCF growth 3Y-3.24%
OCF growth 5Y-6.82%