FREY (FREY.PA) Stock Fundamental Analysis
EPA:FREY - Euronext Paris - Matif - FR0010588079 - REIT - Currency: EUR
Overall FREY gets a fundamental rating of 4 out of 10. We evaluated FREY against 40 industry peers in the Diversified REITs industry. FREY has a medium profitability rating, but doesn't score so well on its financial health evaluation. FREY is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FREY was profitable.
In the past year FREY had a positive cash flow from operations.
In the past 5 years FREY has always been profitable.
Each year in the past 5 years FREY had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.59%, FREY is in line with its industry, outperforming 42.50% of the companies in the same industry.
With a Return On Equity value of 3.82%, FREY perfoms like the industry average, outperforming 47.50% of the companies in the same industry.
FREY has a Return On Invested Capital (3.50%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for FREY is in line with the industry average of 3.64%.
The last Return On Invested Capital (3.50%) for FREY is above the 3 year average (2.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.59% | ||
| ROE | 3.82% | ||
| ROIC | 3.5% |
ROA(3y)2.9%
ROA(5y)2.51%
ROE(3y)6.23%
ROE(5y)5.24%
ROIC(3y)2.86%
ROIC(5y)2.42%
1.3 Margins
FREY has a Profit Margin of 20.91%. This is comparable to the rest of the industry: FREY outperforms 45.00% of its industry peers.
In the last couple of years the Profit Margin of FREY has declined.
FREY's Operating Margin of 55.75% is on the low side compared to the rest of the industry. FREY is outperformed by 72.50% of its industry peers.
In the last couple of years the Operating Margin of FREY has grown nicely.
Looking at the Gross Margin, with a value of 66.30%, FREY is doing worse than 65.00% of the companies in the same industry.
FREY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.75% | ||
| PM (TTM) | 20.91% | ||
| GM | 66.3% |
OM growth 3Y6.6%
OM growth 5Y8.25%
PM growth 3Y-31.93%
PM growth 5Y-21.84%
GM growth 3Y-0.01%
GM growth 5Y2.83%
2. Health
2.1 Basic Checks
FREY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for FREY has been increased compared to 1 year ago.
The number of shares outstanding for FREY has been increased compared to 5 years ago.
FREY has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.77, we must say that FREY is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.77, FREY is not doing good in the industry: 67.50% of the companies in the same industry are doing better.
The Debt to FCF ratio of FREY is 20.06, which is on the high side as it means it would take FREY, 20.06 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 20.06, FREY is doing worse than 65.00% of the companies in the same industry.
FREY has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.15, FREY is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 20.06 | ||
| Altman-Z | 0.77 |
ROIC/WACC0.68
WACC5.17%
2.3 Liquidity
FREY has a Current Ratio of 3.19. This indicates that FREY is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.19, FREY belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
FREY has a Quick Ratio of 2.75. This indicates that FREY is financially healthy and has no problem in meeting its short term obligations.
FREY has a better Quick ratio (2.75) than 95.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.19 | ||
| Quick Ratio | 2.75 |
3. Growth
3.1 Past
FREY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 94.69%, which is quite impressive.
The Earnings Per Share has been decreasing by -9.11% on average over the past years.
The Revenue has grown by 28.81% in the past year. This is a very strong growth!
FREY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.50% yearly.
EPS 1Y (TTM)94.69%
EPS 3Y-21.12%
EPS 5Y-9.11%
EPS Q2Q%67.7%
Revenue 1Y (TTM)28.81%
Revenue growth 3Y24.69%
Revenue growth 5Y22.5%
Sales Q2Q%22.48%
3.2 Future
The Earnings Per Share is expected to grow by 4.88% on average over the next years.
Based on estimates for the next years, FREY will show a small growth in Revenue. The Revenue will grow by 3.60% on average per year.
EPS Next Y2.38%
EPS Next 2Y4.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.76%
Revenue Next 2Y3.6%
Revenue Next 3YN/A
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.02, which indicates a rather expensive current valuation of FREY.
Compared to the rest of the industry, the Price/Earnings ratio of FREY indicates a slightly more expensive valuation: FREY is more expensive than 65.00% of the companies listed in the same industry.
FREY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.25.
FREY is valuated correctly with a Price/Forward Earnings ratio of 13.22.
FREY's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. FREY is more expensive than 65.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FREY to the average of the S&P500 Index (36.80), we can say FREY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.02 | ||
| Fwd PE | 13.22 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FREY is valued a bit cheaper than 62.50% of the companies in the same industry.
FREY's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.41 | ||
| EV/EBITDA | 16.44 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FREY does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)9.67
PEG (5Y)N/A
EPS Next 2Y4.88%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FREY has a Yearly Dividend Yield of 6.69%, which is a nice return.
Compared to an average industry Dividend Yield of 5.55, FREY pays a bit more dividend than its industry peers.
FREY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
5.2 History
On average, the dividend of FREY grows each year by 10.58%, which is quite nice.
Dividend Growth(5Y)10.58%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
142.84% of the earnings are spent on dividend by FREY. This is not a sustainable payout ratio.
The dividend of FREY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP142.84%
EPS Next 2Y4.88%
EPS Next 3YN/A
EPA:FREY (7/31/2025, 7:00:00 PM)
29
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners8.3%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap935.25M
Analysts85.71
Price Target32.64 (12.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
Yearly Dividend1.8
Dividend Growth(5Y)10.58%
DP142.84%
Div Incr Years1
Div Non Decr Years1
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)-3.03%
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)51.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.02 | ||
| Fwd PE | 13.22 | ||
| P/S | 4.89 | ||
| P/FCF | 15.41 | ||
| P/OCF | 8.45 | ||
| P/B | 0.89 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 16.44 |
EPS(TTM)1.26
EY4.34%
EPS(NY)2.19
Fwd EY7.56%
FCF(TTM)1.88
FCFY6.49%
OCF(TTM)3.43
OCFY11.84%
SpS5.93
BVpS32.49
TBVpS31.95
PEG (NY)9.67
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.59% | ||
| ROE | 3.82% | ||
| ROCE | 4.5% | ||
| ROIC | 3.5% | ||
| ROICexc | 4.09% | ||
| ROICexgc | 4.13% | ||
| OM | 55.75% | ||
| PM (TTM) | 20.91% | ||
| GM | 66.3% | ||
| FCFM | 31.72% |
ROA(3y)2.9%
ROA(5y)2.51%
ROE(3y)6.23%
ROE(5y)5.24%
ROIC(3y)2.86%
ROIC(5y)2.42%
ROICexc(3y)3.17%
ROICexc(5y)2.64%
ROICexgc(3y)3.19%
ROICexgc(5y)2.66%
ROCE(3y)3.68%
ROCE(5y)3.11%
ROICexcg growth 3Y22.36%
ROICexcg growth 5Y18.32%
ROICexc growth 3Y22.19%
ROICexc growth 5Y18.35%
OM growth 3Y6.6%
OM growth 5Y8.25%
PM growth 3Y-31.93%
PM growth 5Y-21.84%
GM growth 3Y-0.01%
GM growth 5Y2.83%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 20.06 | ||
| Debt/EBITDA | 11.1 | ||
| Cap/Depr | 2788.35% | ||
| Cap/Sales | 26.15% | ||
| Interest Coverage | 2.58 | ||
| Cash Conversion | 102.09% | ||
| Profit Quality | 151.72% | ||
| Current Ratio | 3.19 | ||
| Quick Ratio | 2.75 | ||
| Altman-Z | 0.77 |
F-Score6
WACC5.17%
ROIC/WACC0.68
Cap/Depr(3y)1068.31%
Cap/Depr(5y)2055.17%
Cap/Sales(3y)10.88%
Cap/Sales(5y)23.92%
Profit Quality(3y)166.09%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)94.69%
EPS 3Y-21.12%
EPS 5Y-9.11%
EPS Q2Q%67.7%
EPS Next Y2.38%
EPS Next 2Y4.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)28.81%
Revenue growth 3Y24.69%
Revenue growth 5Y22.5%
Sales Q2Q%22.48%
Revenue Next Year5.76%
Revenue Next 2Y3.6%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y31.59%
EBIT growth 3Y32.91%
EBIT growth 5Y32.6%
EBIT Next Year88.52%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y5.49%
FCF growth 3Y12.82%
FCF growth 5YN/A
OCF growth 1Y81.39%
OCF growth 3Y29.04%
OCF growth 5Y31.03%