FREY (FREY.PA) Stock Fundamental Analysis
Europe - EPA:FREY - FR0010588079 - REIT
29.4 EUR
0 (0%)
We assign a fundamental rating of 4 out of 10 to FREY. FREY was compared to 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of FREY while its profitability can be described as average. FREY is valied quite expensively at the moment, while it does show a decent growth rate. Finally FREY also has an excellent dividend rating.
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.
FREY had positive earnings in each of the past 5 years.
Each year in the past 5 years FREY had a positive operating cash flow.
1.2 Ratios
FREY's Return On Assets of 0.24% is on the low side compared to the rest of the industry. FREY is outperformed by 70.00% of its industry peers.
FREY has a worse Return On Equity (0.63%) than 70.00% of its industry peers.
FREY has a Return On Invested Capital (3.39%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for FREY is in line with the industry average of 3.43%.
The last Return On Invested Capital (3.39%) for FREY is above the 3 year average (2.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.24% | ||
| ROE | 0.63% | ||
| ROIC | 3.39% |
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
Looking at the Profit Margin, with a value of 3.32%, FREY is doing worse than 70.00% of the companies in the same industry.
In the last couple of years the Profit Margin of FREY has declined.
The Operating Margin of FREY (53.88%) is worse than 70.00% of its industry peers.
In the last couple of years the Operating Margin of FREY has grown nicely.
FREY has a Gross Margin of 67.76%. This is in the lower half of the industry: FREY underperforms 65.00% of its industry peers.
FREY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.88% | ||
| PM (TTM) | 3.32% | ||
| GM | 67.76% |
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.
FREY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FREY has a worse debt to assets ratio.
2.2 Solvency
FREY has an Altman-Z score of 0.58. This is a bad value and indicates that FREY is not financially healthy and even has some risk of bankruptcy.
FREY has a worse Altman-Z score (0.58) than 67.50% of its industry peers.
The Debt to FCF ratio of FREY is 19.08, which is on the high side as it means it would take FREY, 19.08 years of fcf income to pay off all of its debts.
FREY has a Debt to FCF ratio of 19.08. This is in the lower half of the industry: FREY underperforms 60.00% of its industry peers.
FREY has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.23, FREY is doing worse than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 19.08 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.65
WACC5.19%
2.3 Liquidity
A Current Ratio of 1.07 indicates that FREY should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.07, FREY is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Quick Ratio of 0.79 indicates that FREY may have some problems paying its short term obligations.
FREY has a better Quick ratio (0.79) than 72.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
FREY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -76.51%.
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 8.84% in the past year. This is quite good.
Measured over the past years, FREY shows a very strong growth in Revenue. The Revenue has been growing by 22.50% on average per year.
EPS 1Y (TTM)-76.51%
EPS 3Y-21.12%
EPS 5Y-9.11%
EPS Q2Q%-72.74%
Revenue 1Y (TTM)8.84%
Revenue growth 3Y24.69%
Revenue growth 5Y22.5%
Sales Q2Q%-2.28%
3.2 Future
FREY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.74% yearly.
Based on estimates for the next years, FREY will show a quite strong growth in Revenue. The Revenue will grow by 10.85% on average per year.
EPS Next Y-21.9%
EPS Next 2Y10.19%
EPS Next 3Y11.74%
EPS Next 5YN/A
Revenue Next Year25.15%
Revenue Next 2Y13.51%
Revenue Next 3Y10.85%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 147.00, which means the current valuation is very expensive for FREY.
FREY's Price/Earnings ratio is a bit more expensive when compared to the industry. FREY is more expensive than 72.50% of the companies in the same industry.
FREY's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.38.
FREY is valuated reasonably with a Price/Forward Earnings ratio of 11.30.
The rest of the industry has a similar Price/Forward Earnings ratio as FREY.
When comparing the Price/Forward Earnings ratio of FREY to the average of the S&P500 Index (22.86), we can say FREY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 147 | ||
| Fwd PE | 11.3 |
4.2 Price Multiples
60.00% of the companies in the same industry are cheaper than FREY, based on the Enterprise Value to EBITDA ratio.
FREY's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.67 | ||
| EV/EBITDA | 19.75 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.19%
EPS Next 3Y11.74%
5. Dividend
5.1 Amount
FREY has a Yearly Dividend Yield of 6.46%, which is a nice return.
Compared to an average industry Dividend Yield of 5.57, FREY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, FREY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.46% |
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
FREY's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP0%
EPS Next 2Y10.19%
EPS Next 3Y11.74%
EPA:FREY (9/19/2025, 7:00:00 PM)
29.4
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 Cap948.15M
Analysts85.71
Price Target32.64 (11.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.46% |
Yearly Dividend1.8
Dividend Growth(5Y)10.58%
DP0%
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)-23.72%
EPS NY rev (3m)-23.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.99%
Revenue NY rev (3m)0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 147 | ||
| Fwd PE | 11.3 | ||
| P/S | 5.01 | ||
| P/FCF | 14.67 | ||
| P/OCF | 8.33 | ||
| P/B | 0.95 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | 19.75 |
EPS(TTM)0.2
EY0.68%
EPS(NY)2.6
Fwd EY8.85%
FCF(TTM)2
FCFY6.82%
OCF(TTM)3.53
OCFY12.01%
SpS5.86
BVpS30.87
TBVpS30.33
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.24% | ||
| ROE | 0.63% | ||
| ROCE | 4.36% | ||
| ROIC | 3.39% | ||
| ROICexc | 3.58% | ||
| ROICexgc | 3.61% | ||
| OM | 53.88% | ||
| PM (TTM) | 3.32% | ||
| GM | 67.76% | ||
| FCFM | 34.17% |
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 Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 19.08 | ||
| Debt/EBITDA | 11.8 | ||
| Cap/Depr | 2824.45% | ||
| Cap/Sales | 26.02% | ||
| Interest Coverage | 2.38 | ||
| Cash Conversion | 109.82% | ||
| Profit Quality | 1030.52% | ||
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 0.58 |
F-Score6
WACC5.19%
ROIC/WACC0.65
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)-76.51%
EPS 3Y-21.12%
EPS 5Y-9.11%
EPS Q2Q%-72.74%
EPS Next Y-21.9%
EPS Next 2Y10.19%
EPS Next 3Y11.74%
EPS Next 5YN/A
Revenue 1Y (TTM)8.84%
Revenue growth 3Y24.69%
Revenue growth 5Y22.5%
Sales Q2Q%-2.28%
Revenue Next Year25.15%
Revenue Next 2Y13.51%
Revenue Next 3Y10.85%
Revenue Next 5YN/A
EBIT growth 1Y8.25%
EBIT growth 3Y32.91%
EBIT growth 5Y32.6%
EBIT Next Year55.41%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-5.87%
FCF growth 3Y12.82%
FCF growth 5YN/A
OCF growth 1Y57.23%
OCF growth 3Y29.04%
OCF growth 5Y31.03%