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. FLY has a medium profitability rating, but doesn't score so well on its financial health evaluation. FLY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FLY was profitable.
FLY had a positive operating cash flow in the past year.
FLY had positive earnings in 4 of the past 5 years.
Each year in the past 5 years FLY had a positive operating cash flow.
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 67.50% of its industry peers.
With a Return On Invested Capital value of 2.12%, FLY is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for FLY 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.
Looking at the Operating Margin, with a value of 86.50%, FLY belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
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.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FLY 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
The debt/assets ratio for FLY is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.11, we must say that FLY is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.11, FLY is in the better half of the industry, outperforming 67.50% 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 worse than 67.50% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that FLY is somewhat dependend on debt financing.
FLY has a worse Debt to Equity ratio (0.78) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 22.19 | ||
| Altman-Z | 1.11 |
ROIC/WACC0.39
WACC5.37%
2.3 Liquidity
A Current Ratio of 0.20 indicates that FLY may have some problems paying its short term obligations.
FLY has a worse Current ratio (0.20) 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.
FLY has a Quick ratio of 0.20. This is in the lower half of the industry: FLY underperforms 75.00% of its industry peers.
| 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.
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%.
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
Based on estimates for the next years, FLY will show a decrease in Earnings Per Share. The EPS will decrease by -1.02% on average per year.
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
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
With a Price/Earnings ratio of 14.02, FLY is valued correctly.
FLY's Price/Earnings is on the same level as the industry average.
FLY is valuated rather cheaply when we compare the Price/Earnings ratio to 27.61, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 27.20, the valuation of FLY can be described as expensive.
Based on the Price/Forward Earnings ratio, FLY is valued more expensive than 80.00% of the companies in the same industry.
FLY is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 37.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.02 | ||
| Fwd PE | 27.2 |
4.2 Price Multiples
67.50% of the companies in the same industry are cheaper than FLY, based on the Enterprise Value to EBITDA ratio.
FLY's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. FLY is more expensive than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.32 | ||
| EV/EBITDA | 25.33 |
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 3.84%.
FLY's Dividend Yield is slightly below the industry average, which is at 5.55.
Compared to an average S&P500 Dividend Yield of 2.32, FLY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
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.
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 (7/30/2025, 7:00:00 PM)
75
-0.4 (-0.53%)
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 Cap3.23B
Analysts42.86
Price Target73.69 (-1.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
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 | 14.02 | ||
| Fwd PE | 27.2 | ||
| P/S | 12.91 | ||
| P/FCF | 25.32 | ||
| P/OCF | 28.85 | ||
| P/B | 0.89 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | 25.33 |
EPS(TTM)5.35
EY7.13%
EPS(NY)2.76
Fwd EY3.68%
FCF(TTM)2.96
FCFY3.95%
OCF(TTM)2.6
OCFY3.47%
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 | 1.11 |
F-Score4
WACC5.37%
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%