Fonciere Lyonnaise (FLY.PA) Stock Fundamental Analysis

EPA:FLY • FR0000033409

73.8 EUR
+2.8 (+3.94%)
Last: Sep 30, 2025, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FLY. FLY was compared to 41 industry peers in the Diversified REITs industry. FLY has a medium profitability rating, but doesn't score so well on its financial health evaluation. FLY is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

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.
  • FLY had a positive operating cash flow in each of the past 5 years.
FLY.PA Yearly Net Income VS EBIT VS OCF VS FCFFLY.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M -600M

1.2 Ratios

  • FLY has a Return On Assets of 2.97%. This is comparable to the rest of the industry: FLY outperforms 59.52% of its industry peers.
  • FLY's Return On Equity of 6.35% is fine compared to the rest of the industry. FLY outperforms 69.05% of its industry peers.
  • FLY's Return On Invested Capital of 2.12% is on the low side compared to the rest of the industry. FLY is outperformed by 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 3.45%.
  • 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 RankSector 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%
FLY.PA Yearly ROA, ROE, ROICFLY.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10

1.3 Margins

  • FLY has a Profit Margin of 92.16%. This is amongst the best in the industry. FLY outperforms 88.10% of its industry peers.
  • 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.
  • In the last couple of years the Gross Margin of FLY has remained more or less at the same level.
Industry RankSector 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%
FLY.PA Yearly Profit, Operating, Gross MarginsFLY.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200

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2

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.
  • Compared to 1 year ago, FLY has about the same amount of shares outstanding.
  • Compared to 5 years ago, FLY has less shares outstanding
  • The debt/assets ratio for FLY is higher compared to a year ago.
FLY.PA Yearly Shares OutstandingFLY.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
FLY.PA Yearly Total Debt VS Total AssetsFLY.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 22.19, FLY is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • FLY has a Debt/Equity ratio of 0.78. This is a neutral value indicating FLY is somewhat dependend on debt financing.
  • FLY has a worse Debt to Equity ratio (0.78) than 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 22.19
Altman-Z 1.1
ROIC/WACC0.39
WACC5.45%
FLY.PA Yearly LT Debt VS Equity VS FCFFLY.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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.
  • 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.
  • A Quick Ratio of 0.20 indicates that FLY may have some problems paying its short term obligations.
  • FLY has a Quick ratio of 0.20. This is in the lower half of the industry: FLY underperforms 73.81% of its industry peers.
Industry RankSector Rank
Current Ratio 0.2
Quick Ratio 0.2
FLY.PA Yearly Current Assets VS Current LiabilitesFLY.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

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.
  • FLY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.63% yearly.
  • The Revenue has been growing slightly by 2.11% in the past year.
  • 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

  • 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.
  • 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.
FLY.PA Yearly Revenue VS EstimatesFLY.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
FLY.PA Yearly EPS VS EstimatesFLY.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 13.79, FLY is valued correctly.
  • FLY's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of FLY to the average of the S&P500 Index (27.09), we can say FLY is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 26.77, which means the current valuation is very expensive for FLY.
  • 76.19% of the companies in the same industry are cheaper than FLY, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.98. FLY is around the same levels.
Industry RankSector Rank
PE 13.79
Fwd PE 26.77
FLY.PA Price Earnings VS Forward Price EarningsFLY.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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.
  • Based on the Price/Free Cash Flow ratio, FLY is valued a bit more expensive than 71.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 24.92
EV/EBITDA 25.02
FLY.PA Per share dataFLY.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

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 5.33, FLY is paying slightly less dividend.
  • FLY's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
Industry RankSector 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
FLY.PA Yearly Dividends per shareFLY.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

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%
FLY.PA Yearly Income VS Free CF VS DividendFLY.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M -600M
FLY.PA Dividend Payout.FLY.PA Dividend Payout, showing the Payout Ratio.FLY.PA Dividend Payout.PayoutRetained Earnings

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Fonciere Lyonnaise

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
Earnings (Next)02-16
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 RankSector 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 RankSector 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 RankSector 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 RankSector 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.