FREY (FREY.PA) Fundamental Analysis & Valuation

EPA:FREY • FR0010588079

31.2 EUR
0 (0%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This FREY.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, FREY scores 4 out of 10 in our fundamental rating. FREY was compared to 43 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 quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. FREY.PA Profitability Analysis

1.1 Basic Checks

  • FREY had positive earnings in the past year.
  • In the past year FREY had a positive cash flow from operations.
  • Each year in the past 5 years FREY has been profitable.
  • In the past 5 years FREY always reported a positive cash flow from operatings.
FREY.PA Yearly Net Income VS EBIT VS OCF VS FCFFREY.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

  • FREY has a worse Return On Assets (0.24%) than 69.77% of its industry peers.
  • FREY has a Return On Equity of 0.63%. This is in the lower half of the industry: FREY underperforms 69.77% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 3.39%, FREY is in line with its industry, outperforming 53.49% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FREY is in line with the industry average of 3.63%.
  • 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 RankSector 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%
FREY.PA Yearly ROA, ROE, ROICFREY.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • FREY has a worse Profit Margin (3.32%) than 69.77% of its industry peers.
  • In the last couple of years the Profit Margin of FREY has declined.
  • FREY's Operating Margin of 53.88% is on the low side compared to the rest of the industry. FREY is outperformed by 65.12% of its industry peers.
  • FREY's Operating Margin has improved in the last couple of years.
  • FREY's Gross Margin of 67.76% is on the low side compared to the rest of the industry. FREY is outperformed by 60.47% of its industry peers.
  • FREY's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
FREY.PA Yearly Profit, Operating, Gross MarginsFREY.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 50 100 150 200

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2

2. FREY.PA Health Analysis

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
  • The number of shares outstanding for FREY has been increased compared to 5 years ago.
  • Compared to 1 year ago, FREY has a worse debt to assets ratio.
FREY.PA Yearly Shares OutstandingFREY.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
FREY.PA Yearly Total Debt VS Total AssetsFREY.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • Based on the Altman-Z score of 0.60, we must say that FREY is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.60, FREY is doing worse than 67.44% of the companies in the same industry.
  • FREY has a debt to FCF ratio of 19.08. This is a negative value and a sign of low solvency as FREY would need 19.08 years to pay back of all of its debts.
  • FREY has a Debt to FCF ratio (19.08) which is in line with its industry peers.
  • A Debt/Equity ratio of 1.23 is on the high side and indicates that FREY has dependencies on debt financing.
  • FREY has a worse Debt to Equity ratio (1.23) than 83.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 19.08
Altman-Z 0.6
ROIC/WACC0.63
WACC5.4%
FREY.PA Yearly LT Debt VS Equity VS FCFFREY.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

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 79.07% of the companies in the same industry.
  • FREY has a Quick Ratio of 1.07. This is a bad value and indicates that FREY is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.79, FREY is in the better half of the industry, outperforming 72.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 0.79
FREY.PA Yearly Current Assets VS Current LiabilitesFREY.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. FREY.PA Growth Analysis

3.1 Past

  • The earnings per share for FREY have decreased strongly by -76.42% in the last year.
  • The Earnings Per Share has been decreasing by -9.11% on average over the past years.
  • 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)-76.42%
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

  • The Earnings Per Share is expected to decrease by -5.90% on average over the next years.
  • The Revenue is expected to grow by 17.29% on average over the next years. This is quite good.
EPS Next Y-44.76%
EPS Next 2Y-6.39%
EPS Next 3Y-5.9%
EPS Next 5YN/A
Revenue Next Year34.36%
Revenue Next 2Y24.34%
Revenue Next 3Y17.29%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
FREY.PA Yearly Revenue VS EstimatesFREY.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
FREY.PA Yearly EPS VS EstimatesFREY.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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2

4. FREY.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 156.00, FREY can be considered very expensive at the moment.
  • FREY's Price/Earnings ratio is a bit more expensive when compared to the industry. FREY is more expensive than 72.09% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of FREY to the average of the S&P500 Index (26.46), we can say FREY is valued expensively.
  • The Price/Forward Earnings ratio is 16.62, which indicates a correct valuation of FREY.
  • 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 72.09% of the companies listed in the same industry.
  • FREY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 156
Fwd PE 16.62
FREY.PA Price Earnings VS Forward Price EarningsFREY.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FREY is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FREY is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 15.57
EV/EBITDA 20.31
FREY.PA Per share dataFREY.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • FREY's earnings are expected to decrease with -5.90% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.39%
EPS Next 3Y-5.9%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. FREY.PA Dividend Analysis

5.1 Amount

  • FREY has a Yearly Dividend Yield of 6.09%, which is a nice return.
  • FREY's Dividend Yield is a higher than the industry average which is at 5.28.
  • Compared to an average S&P500 Dividend Yield of 1.82, FREY pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.09%

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
FREY.PA Yearly Dividends per shareFREY.PA Yearly Dividends per shareYearly Dividends per share 2020 2021 2024 2025 0.5 1

5.3 Sustainability

DP0%
EPS Next 2Y-6.39%
EPS Next 3Y-5.9%
FREY.PA Yearly Income VS Free CF VS DividendFREY.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

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FREY.PA Fundamentals: All Metrics, Ratios and Statistics

FREY

EPA:FREY (3/9/2026, 7:00:00 PM)

31.2

0 (0%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)03-04
Earnings (Next)07-22
Inst Owners28.11%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.01B
Revenue(TTM)189.13M
Net Income(TTM)6.27M
Analysts85.71
Price Target32.64 (4.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.09%
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)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 RankSector Rank
PE 156
Fwd PE 16.62
P/S 5.32
P/FCF 15.57
P/OCF 8.84
P/B 1.01
P/tB 1.03
EV/EBITDA 20.31
EPS(TTM)0.2
EY0.64%
EPS(NY)1.88
Fwd EY6.02%
FCF(TTM)2
FCFY6.42%
OCF(TTM)3.53
OCFY11.31%
SpS5.86
BVpS30.87
TBVpS30.33
PEG (NY)N/A
PEG (5Y)N/A
Graham Number11.79
Profitability
Industry RankSector 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%
ROICexgc growth 3Y22.36%
ROICexgc 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 RankSector 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 0.6
F-Score6
WACC5.4%
ROIC/WACC0.63
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)-76.42%
EPS 3Y-21.12%
EPS 5Y-9.11%
EPS Q2Q%-72.74%
EPS Next Y-44.76%
EPS Next 2Y-6.39%
EPS Next 3Y-5.9%
EPS Next 5YN/A
Revenue 1Y (TTM)8.84%
Revenue growth 3Y24.69%
Revenue growth 5Y22.5%
Sales Q2Q%-2.28%
Revenue Next Year34.36%
Revenue Next 2Y24.34%
Revenue Next 3Y17.29%
Revenue Next 5YN/A
EBIT growth 1Y7.81%
EBIT growth 3Y32.91%
EBIT growth 5Y32.6%
EBIT Next Year68.92%
EBIT Next 3Y27.12%
EBIT Next 5YN/A
FCF growth 1Y-6.21%
FCF growth 3Y12.82%
FCF growth 5YN/A
OCF growth 1Y56.68%
OCF growth 3Y29.04%
OCF growth 5Y31.03%

FREY / FREY.PA FAQ

What is the ChartMill fundamental rating of FREY (FREY.PA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to FREY.PA.


Can you provide the valuation status for FREY?

ChartMill assigns a valuation rating of 2 / 10 to FREY (FREY.PA). This can be considered as Overvalued.


How profitable is FREY (FREY.PA) stock?

FREY (FREY.PA) has a profitability rating of 4 / 10.


What is the expected EPS growth for FREY (FREY.PA) stock?

The Earnings per Share (EPS) of FREY (FREY.PA) is expected to decline by -44.76% in the next year.


Can you provide the dividend sustainability for FREY stock?

The dividend rating of FREY (FREY.PA) is 6 / 10 and the dividend payout ratio is 0%.