FONCIERE LYONNAISE (FLY.PA) Stock Fundamental Analysis
EPA:FLY - FR0000033409 - REIT
73.6 EUR
0 (0%)
FLY gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals 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. 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.
FLY had a positive operating cash flow in the past year.
Of the past 5 years FLY 4 years were profitable.
Each year in the past 5 years FLY had a positive operating cash flow.
1.2 Ratios
FLY's Return On Assets of 2.97% is in line compared to the rest of the industry. FLY outperforms 57.50% of its industry peers.
FLY's Return On Equity of 6.35% is fine compared to the rest of the industry. FLY outperforms 67.50% of its industry peers.
FLY has a worse Return On Invested Capital (2.12%) than 80.00% of its industry peers.
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 3.48%.
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 87.50% of its industry peers.
FLY's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 86.50%, FLY belongs to the best of the industry, outperforming 87.50% 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.
Looking at the Gross Margin, with a value of 96.74%, FLY belongs to the top 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.
Compared to 1 year ago, FLY has about the same amount of shares outstanding.
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 better Altman-Z score (1.10) than 70.00% of its industry peers.
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.
FLY has a worse Debt to FCF ratio (22.19) than 65.00% 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 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 22.19 | ||
| Altman-Z | 1.1 |
ROIC/WACC0.4
WACC5.34%
2.3 Liquidity
A Current Ratio of 0.20 indicates that FLY may have some problems paying its short term obligations.
With a Current ratio value of 0.20, FLY is not doing good in the industry: 72.50% of the companies in the same industry are doing better.
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: 72.50% 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.
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.
Looking at the last year, FLY shows a small growth in Revenue. The Revenue has grown by 2.11% in the last year.
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
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.
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.76, the valuation of FLY can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of FLY is on the same level as its industry peers.
When comparing the Price/Earnings ratio of FLY to the average of the S&P500 Index (27.14), we can say FLY is valued slightly cheaper.
With a Price/Forward Earnings ratio of 26.69, FLY can be considered very expensive at the moment.
80.00% of the companies in the same industry are cheaper than FLY, based on the Price/Forward Earnings ratio.
FLY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.76 | ||
| Fwd PE | 26.69 |
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 75.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLY indicates a slightly more expensive valuation: FLY is more expensive than 77.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.85 | ||
| EV/EBITDA | 24.98 |
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
With a Yearly Dividend Yield of 3.85%, FLY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.38, FLY is paying slightly less dividend.
FLY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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 (8/27/2025, 7:00:00 PM)
73.6
0 (0%)
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 Cap3.17B
Analysts42.86
Price Target73.69 (0.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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 | 13.76 | ||
| Fwd PE | 26.69 | ||
| P/S | 12.67 | ||
| P/FCF | 24.85 | ||
| P/OCF | 28.32 | ||
| P/B | 0.87 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 24.98 |
EPS(TTM)5.35
EY7.27%
EPS(NY)2.76
Fwd EY3.75%
FCF(TTM)2.96
FCFY4.02%
OCF(TTM)2.6
OCFY3.53%
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 | 1.1 |
F-Score4
WACC5.34%
ROIC/WACC0.4
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%