FREY (FREY.PA) Stock Fundamental Analysis
EPA:FREY - Euronext Paris - Matif - FR0010588079 - REIT - Currency: EUR
Taking everything into account, FREY scores 5 out of 10 in our fundamental rating. FREY was compared to 41 industry peers in the Diversified REITs industry. FREY has an average financial health and profitability rating. FREY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FREY had positive earnings in the past year.
In the past year FREY had a positive cash flow from operations.
FREY had positive earnings in each of the past 5 years.
FREY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.59%, FREY perfoms like the industry average, outperforming 43.90% of the companies in the same industry.
With a Return On Equity value of 3.82%, FREY perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
With a Return On Invested Capital value of 3.50%, FREY perfoms like the industry average, outperforming 56.10% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FREY is in line with the industry average of 3.55%.
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 (20.91%) which is in line with its industry peers.
In the last couple of years the Profit Margin of FREY has declined.
Looking at the Operating Margin, with a value of 55.75%, FREY is doing worse than 70.73% of the companies in the same industry.
FREY's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 66.30%, FREY is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
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.
Compared to 1 year ago, FREY has more shares outstanding
FREY has more shares outstanding than it did 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.
FREY's Altman-Z score of 0.77 is on the low side compared to the rest of the industry. FREY is outperformed by 68.29% of its industry peers.
FREY has a debt to FCF ratio of 20.06. This is a negative value and a sign of low solvency as FREY would need 20.06 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 20.06, FREY is in line with its industry, outperforming 41.46% 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.
FREY has a Debt to Equity ratio of 1.15. This is amonst the worse of the industry: FREY underperforms 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 20.06 | ||
| Altman-Z | 0.77 |
ROIC/WACC0.67
WACC5.19%
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.
FREY has a Current ratio of 3.19. This is amongst the best in the industry. FREY outperforms 100.00% of its industry peers.
A Quick Ratio of 2.75 indicates that FREY has no problem at all paying its short term obligations.
FREY has a better Quick ratio (2.75) than 95.12% 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.
FREY shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.11% yearly.
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
Based on estimates for the next years, FREY will show a small growth in Earnings Per Share. The EPS will grow by 4.88% on average per year.
The Revenue is expected to grow by 3.60% on average over the next years.
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
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 22.86, FREY is valued on the expensive side.
FREY's Price/Earnings ratio is a bit more expensive when compared to the industry. FREY is more expensive than 63.41% of the companies in the same industry.
FREY is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.52, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.13, FREY is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FREY indicates a slightly more expensive valuation: FREY is more expensive than 63.41% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.25. FREY is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.86 | ||
| Fwd PE | 13.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FREY is valued a bit cheaper than 63.41% of the companies in the same industry.
FREY's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.3 | ||
| EV/EBITDA | 16.39 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)9.6
PEG (5Y)N/A
EPS Next 2Y4.88%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FREY has a Yearly Dividend Yield of 6.60%, which is a nice return.
Compared to an average industry Dividend Yield of 5.48, FREY pays a better dividend. On top of this FREY pays more dividend than 87.80% of the companies listed in the same industry.
FREY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
5.2 History
The dividend of FREY is nicely growing with an annual growth rate of 10.58%!
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.
FREY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP142.84%
EPS Next 2Y4.88%
EPS Next 3YN/A
EPA:FREY (6/6/2025, 7:00:00 PM)
28.8
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 Cap928.80M
Analysts85.71
Price Target32.64 (13.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
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)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)51.88%
Revenue NY rev (3m)18.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.86 | ||
| Fwd PE | 13.13 | ||
| P/S | 4.85 | ||
| P/FCF | 15.3 | ||
| P/OCF | 8.39 | ||
| P/B | 0.89 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 16.39 |
EPS(TTM)1.26
EY4.38%
EPS(NY)2.19
Fwd EY7.61%
FCF(TTM)1.88
FCFY6.53%
OCF(TTM)3.43
OCFY11.92%
SpS5.93
BVpS32.49
TBVpS31.95
PEG (NY)9.6
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
WACC5.19%
ROIC/WACC0.67
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%