Fonciere Lyonnaise (FLY.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:FLY - FR0000033409 - REIT
73.8 EUR
+2.8 (+3.94%)
Overall FLY gets a fundamental rating of 4 out of 10. We evaluated FLY against 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
- FLY had positive earnings in the past year.
- In the past year FLY had a positive cash flow from operations.
- FLY had positive earnings in 4 of the past 5 years.
- 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.
- The Return On Equity of FLY (6.35%) is better than 69.05% of its industry peers.
- With a Return On Invested Capital value of 2.12%, FLY is not doing good in the industry: 76.19% of the companies in the same industry are doing better.
- 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 3.45%.
- 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
- Looking at the Profit Margin, with a value of 92.16%, FLY belongs to the top of the industry, outperforming 88.10% of the companies in the same industry.
- FLY's Profit Margin has declined in the last couple of years.
- FLY's Operating Margin of 86.50% is amongst the best of the industry. FLY outperforms 90.48% of its industry peers.
- FLY's Operating Margin has been stable in the last couple of years.
- The Gross Margin of FLY (96.74%) is better than 92.86% of its industry peers.
- In the last couple of years the Gross Margin of FLY has remained more or less at the same level.
| 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLY is destroying value.
- Compared to 1 year ago, FLY has about the same amount of shares outstanding.
- Compared to 5 years ago, FLY has less shares outstanding
- FLY has a worse debt/assets ratio than last year.
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.
- FLY has a Altman-Z score of 1.10. This is in the better half of the industry: FLY outperforms 71.43% 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 has a Debt to FCF ratio of 22.19. This is comparable to the rest of the industry: FLY outperforms 42.86% of its industry peers.
- FLY has a Debt/Equity ratio of 0.78. This is a neutral value indicating FLY is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.78, FLY is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
| 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.
- Looking at the Current ratio, with a value of 0.20, FLY is doing worse than 73.81% of the companies in the same industry.
- A Quick Ratio of 0.20 indicates that FLY may have some problems paying its short term obligations.
- FLY's Quick ratio of 0.20 is on the low side compared to the rest of the industry. FLY is outperformed by 73.81% of its industry peers.
| 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%.
- 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
- The Earnings Per Share is expected to decrease by -1.02% on average over the next years.
- The Revenue is expected to grow by 5.70% on average over the next years.
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.
- 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
- Based on the Price/Earnings ratio of 13.79, the valuation of FLY can be described as correct.
- The rest of the industry has a similar Price/Earnings ratio as FLY.
- Compared to an average S&P500 Price/Earnings ratio of 27.54, FLY is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 26.77, the valuation of FLY can be described as expensive.
- Based on the Price/Forward Earnings ratio, FLY is valued a bit more expensive than 76.19% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.31. FLY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.79 | ||
| Fwd PE | 26.77 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FLY indicates a slightly more expensive valuation: FLY is more expensive than 71.43% of the companies listed 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
- FLY has a very decent profitability rating, which 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
- With a Yearly Dividend Yield of 4.01%, FLY is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 4.99, FLY is paying slightly less dividend.
- FLY's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| 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.
- 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 (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)07-23 2025-07-23
Earnings (Next)02-16 2026-02-16/amc
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.
What is the valuation status of Fonciere Lyonnaise (FLY.PA) stock?
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.
Can you provide the PE and PB ratios for FLY stock?
The Price/Earnings (PE) ratio for Fonciere Lyonnaise (FLY.PA) is 13.79 and the Price/Book (PB) ratio is 0.88.
Can you provide the expected EPS growth for FLY stock?
The Earnings per Share (EPS) of Fonciere Lyonnaise (FLY.PA) is expected to decline by -12.34% in the next year.