Fonciere Lyonnaise (FLY.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:FLY - FR0000033409 - REIT
73.8 EUR
+2.8 (+3.94%)
We assign a fundamental rating of 4 out of 10 to FLY. FLY was compared to 42 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. While showing a medium growth rate, FLY is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year FLY was profitable.
FLY had a positive operating cash flow in the past year.
Of the past 5 years FLY 4 years were profitable.
In the past 5 years FLY always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FLY (2.97%) is comparable to the rest of the industry.
FLY has a better Return On Equity (6.35%) than 69.05% of its industry peers.
FLY has a Return On Invested Capital of 2.12%. This is in the lower half of the industry: FLY underperforms 76.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FLY is in line with the industry average of 3.53%.
The 3 year average ROIC (2.02%) for FLY is below the current ROIC(2.12%), indicating increased profibility in the last year.
| 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
With an excellent Profit Margin value of 92.16%, FLY belongs to the best of the industry, outperforming 88.10% of the companies in the same industry.
In the last couple of years the Profit Margin of FLY has declined.
FLY has a better Operating Margin (86.50%) than 90.48% 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 92.86% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FLY is destroying value.
Compared to 1 year ago, FLY has about the same amount of shares outstanding.
The number of shares outstanding for FLY has been reduced compared to 5 years ago.
The debt/assets ratio for FLY is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.10, we must say that FLY is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.10, FLY is doing good in the industry, outperforming 71.43% of the companies in the same industry.
The Debt to FCF ratio of FLY is 22.19, which is on the high side as it means it would take FLY, 22.19 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FLY (22.19) is comparable to the rest of the industry.
FLY has a Debt/Equity ratio of 0.78. This is a neutral value indicating 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 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 22.19 | ||
| Altman-Z | 1.1 |
ROIC/WACC0.39
WACC5.45%
2.3 Liquidity
A Current Ratio of 0.20 indicates that FLY may have some problems paying its short term obligations.
FLY has a Current ratio of 0.20. This is in the lower half of the industry: FLY underperforms 73.81% 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 73.81% 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.
Measured over the past years, FLY shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.63% on average per year.
FLY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.11%.
The Revenue has been growing slightly by 4.60% on average over the past years.
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.
FLY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.70% yearly.
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
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
The Price/Earnings ratio is 13.79, which indicates a correct valuation of FLY.
FLY's Price/Earnings is on the same level as the industry average.
FLY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.11.
A Price/Forward Earnings ratio of 26.77 indicates a quite expensive valuation of FLY.
FLY's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. FLY is more expensive than 76.19% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.21, FLY is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.79 | ||
| Fwd PE | 26.77 |
4.2 Price Multiples
FLY's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FLY is more expensive than 71.43% of the companies in the same industry.
71.43% of the companies in the same industry are cheaper than FLY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.92 | ||
| EV/EBITDA | 25.02 |
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 4.01%, which is a nice return.
FLY's Dividend Yield is slightly below the industry average, which is at 5.80.
Compared to an average S&P500 Dividend Yield of 2.32, FLY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
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
53.17% of the earnings are spent on dividend by FLY. This is a bit on the high side, but may be sustainable.
FLY's earnings and Dividend Rate are 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 (9/30/2025, 7:00:00 PM)
73.8
+2.8 (+3.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.29%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap3.17B
Revenue(TTM)249.81M
Net Income(TTM)230.23M
Analysts42.86
Price Target74.26 (0.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
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)0.76%
PT rev (3m)0.76%
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 | 13.79 | ||
| Fwd PE | 26.77 | ||
| P/S | 12.71 | ||
| P/FCF | 24.92 | ||
| P/OCF | 28.4 | ||
| P/B | 0.88 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | 25.02 |
EPS(TTM)5.35
EY7.25%
EPS(NY)2.76
Fwd EY3.74%
FCF(TTM)2.96
FCFY4.01%
OCF(TTM)2.6
OCFY3.52%
SpS5.81
BVpS84.22
TBVpS84.13
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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%
ROICexgc growth 3Y19.38%
ROICexgc 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 | 1.1 |
F-Score4
WACC5.45%
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%
Fonciere Lyonnaise / FLY.PA FAQ
Can you provide the ChartMill fundamental rating for Fonciere Lyonnaise?
ChartMill assigns a fundamental rating of 4 / 10 to FLY.PA.
Can you provide the valuation status for Fonciere Lyonnaise?
ChartMill assigns a valuation rating of 2 / 10 to Fonciere Lyonnaise (FLY.PA). This can be considered as Overvalued.
Can you provide the profitability details for Fonciere Lyonnaise?
Fonciere Lyonnaise (FLY.PA) has a profitability rating of 6 / 10.
What is the expected EPS growth for Fonciere Lyonnaise (FLY.PA) stock?
The Earnings per Share (EPS) of Fonciere Lyonnaise (FLY.PA) is expected to decline by -12.34% in the next year.
How sustainable is the dividend of Fonciere Lyonnaise (FLY.PA) stock?
The dividend rating of Fonciere Lyonnaise (FLY.PA) is 4 / 10 and the dividend payout ratio is 53.17%.