Fonciere Lyonnaise (FLY.PA) Stock Fundamental Analysis
Europe - EPA:FLY - FR0000033409 - REIT
73.8 EUR
+2.8 (+3.94%)
Taking everything into account, FLY scores 4 out of 10 in our fundamental rating. FLY was compared to 38 industry peers in the Diversified REITs industry. There are concerns on the financial health of FLY while its profitability can be described as average. 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.
Of the past 5 years FLY 4 years were profitable.
FLY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FLY's Return On Assets of 2.97% is in line compared to the rest of the industry. FLY outperforms 59.52% of its industry peers.
FLY has a better Return On Equity (6.35%) than 69.05% of its industry peers.
FLY has a worse Return On Invested Capital (2.12%) than 76.19% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FLY is in line with the industry average of 3.49%.
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
FLY's Profit Margin of 92.16% is amongst the best of the industry. FLY outperforms 88.10% of its industry peers.
FLY's Profit Margin has declined in the last couple of years.
FLY has a better Operating Margin (86.50%) than 90.48% of its industry peers.
FLY's Operating Margin has been stable in the last couple of years.
FLY has a Gross Margin of 96.74%. This is amongst the best in the industry. FLY outperforms 92.86% of its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLY is destroying value.
FLY has about the same amout of shares outstanding than it did 1 year ago.
FLY has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FLY has a worse debt to assets ratio.
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.
A Debt/Equity ratio of 0.78 indicates that FLY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.78, FLY is doing worse than 64.29% of the companies in the same industry.
| 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.
With a Quick ratio value of 0.20, FLY is not doing good in the industry: 73.81% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 159.68% over the past year.
FLY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.63% yearly.
FLY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.11%.
Measured over the past years, FLY shows a small growth in Revenue. The Revenue has been growing by 4.60% on average per year.
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.
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.
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.
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 (26.28), we can say FLY is valued slightly cheaper.
A Price/Forward Earnings ratio of 26.77 indicates a quite expensive valuation of FLY.
Based on the Price/Forward Earnings ratio, FLY is valued a bit more expensive than the industry average as 76.19% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 33.61. FLY is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.79 | ||
| Fwd PE | 26.77 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLY is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
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 5.98, FLY is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, 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
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 (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%.