GECINA SA (GFC.PA) Stock Fundamental Analysis
EPA:GFC - Euronext Paris - Matif - FR0010040865 - REIT - Currency: EUR
GFC gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 40 industry peers in the Diversified REITs industry. While GFC is still in line with the averages on profitability rating, there are concerns on its financial health. GFC is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
GFC had positive earnings in the past year.
In the past year GFC had a positive cash flow from operations.
GFC had positive earnings in 4 of the past 5 years.
Each year in the past 5 years GFC had a positive operating cash flow.
1.2 Ratios
The Return On Assets of GFC (1.73%) is comparable to the rest of the industry.
GFC has a worse Return On Equity (2.95%) than 60.00% of its industry peers.
GFC has a worse Return On Invested Capital (2.39%) than 75.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GFC is in line with the industry average of 3.63%.
The 3 year average ROIC (2.16%) for GFC is below the current ROIC(2.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 2.95% | ||
| ROIC | 2.39% |
ROA(3y)-2.53%
ROA(5y)-0.53%
ROE(3y)-4.2%
ROE(5y)-0.96%
ROIC(3y)2.16%
ROIC(5y)2.04%
1.3 Margins
GFC's Profit Margin of 44.60% is in line compared to the rest of the industry. GFC outperforms 52.50% of its industry peers.
In the last couple of years the Profit Margin of GFC has declined.
GFC has a Operating Margin of 79.23%. This is in the better half of the industry: GFC outperforms 72.50% of its industry peers.
GFC's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 91.97%, GFC is doing good in the industry, outperforming 80.00% of the companies in the same industry.
GFC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 79.23% | ||
| PM (TTM) | 44.6% | ||
| GM | 91.97% |
OM growth 3Y1.41%
OM growth 5Y0.49%
PM growth 3Y-31.45%
PM growth 5Y-27.48%
GM growth 3Y0.86%
GM growth 5Y0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GFC is destroying value.
The number of shares outstanding for GFC remains at a similar level compared to 1 year ago.
GFC has more shares outstanding than it did 5 years ago.
GFC has a worse debt/assets ratio than last year.
2.2 Solvency
GFC has an Altman-Z score of 1.20. This is a bad value and indicates that GFC is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.20, GFC is doing good in the industry, outperforming 72.50% of the companies in the same industry.
GFC has a debt to FCF ratio of 46.20. This is a negative value and a sign of low solvency as GFC would need 46.20 years to pay back of all of its debts.
With a Debt to FCF ratio value of 46.20, GFC is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
GFC has a Debt/Equity ratio of 0.59. This is a neutral value indicating GFC is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.59, GFC is in the better half of the industry, outperforming 67.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 46.2 | ||
| Altman-Z | 1.2 |
ROIC/WACC0.53
WACC4.48%
2.3 Liquidity
GFC has a Current Ratio of 0.72. This is a bad value and indicates that GFC is not financially healthy enough and could expect problems in meeting its short term obligations.
GFC's Current ratio of 0.72 is fine compared to the rest of the industry. GFC outperforms 62.50% of its industry peers.
GFC has a Quick Ratio of 0.72. This is a bad value and indicates that GFC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of GFC (0.72) is better than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.82% over the past year.
Measured over the past 5 years, GFC shows a small growth in Earnings Per Share. The EPS has been growing by 1.53% on average per year.
The Revenue has been growing slightly by 4.15% in the past year.
GFC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.38% yearly.
EPS 1Y (TTM)6.82%
EPS 3Y6.47%
EPS 5Y1.53%
EPS Q2Q%5.19%
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%5.24%
3.2 Future
Based on estimates for the next years, GFC will show a small growth in Earnings Per Share. The EPS will grow by 2.83% on average per year.
The Revenue is expected to grow by 4.53% on average over the next years.
EPS Next Y4.89%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPS Next 5YN/A
Revenue Next Year3.65%
Revenue Next 2Y2.44%
Revenue Next 3Y2.82%
Revenue Next 5Y4.53%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.63, GFC is valued correctly.
GFC's Price/Earnings ratio is in line with the industry average.
GFC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.15.
The Price/Forward Earnings ratio is 13.94, which indicates a correct valuation of GFC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GFC indicates a slightly more expensive valuation: GFC is more expensive than 70.00% of the companies listed in the same industry.
GFC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.60, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.63 | ||
| Fwd PE | 13.94 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GFC is valued a bit more expensive than 65.00% of the companies in the same industry.
GFC's Price/Free Cash Flow ratio is rather expensive when compared to the industry. GFC is more expensive than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.63 | ||
| EV/EBITDA | 22.84 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GFC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.99
PEG (5Y)9.55
EPS Next 2Y3.52%
EPS Next 3Y2.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.92%, GFC is a good candidate for dividend investing.
GFC's Dividend Yield is a higher than the industry average which is at 5.53.
Compared to an average S&P500 Dividend Yield of 2.42, GFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.92% |
5.2 History
The dividend of GFC decreases each year by -0.70%.
Dividend Growth(5Y)-0.7%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
GFC pays out 126.65% of its income as dividend. This is not a sustainable payout ratio.
DP126.65%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPA:GFC (7/1/2025, 5:29:54 PM)
93.9
+0.6 (+0.64%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners59.76%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap7.21B
Analysts78.18
Price Target111.82 (19.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.92% |
Yearly Dividend5.31
Dividend Growth(5Y)-0.7%
DP126.65%
Div Incr Years1
Div Non Decr Years4
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)-0.43%
PT rev (3m)-4.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.63 | ||
| Fwd PE | 13.94 | ||
| P/S | 10.38 | ||
| P/FCF | 49.63 | ||
| P/OCF | 12.01 | ||
| P/B | 0.69 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 22.84 |
EPS(TTM)6.42
EY6.84%
EPS(NY)6.73
Fwd EY7.17%
FCF(TTM)1.89
FCFY2.01%
OCF(TTM)7.82
OCFY8.32%
SpS9.05
BVpS136.9
TBVpS134.59
PEG (NY)2.99
PEG (5Y)9.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 2.95% | ||
| ROCE | 3.42% | ||
| ROIC | 2.39% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.44% | ||
| OM | 79.23% | ||
| PM (TTM) | 44.6% | ||
| GM | 91.97% | ||
| FCFM | 20.9% |
ROA(3y)-2.53%
ROA(5y)-0.53%
ROE(3y)-4.2%
ROE(5y)-0.96%
ROIC(3y)2.16%
ROIC(5y)2.04%
ROICexc(3y)2.18%
ROICexc(5y)2.06%
ROICexgc(3y)2.2%
ROICexgc(5y)2.08%
ROCE(3y)3.06%
ROCE(5y)2.88%
ROICexcg growth 3Y11.07%
ROICexcg growth 5Y4.35%
ROICexc growth 3Y11.05%
ROICexc growth 5Y4.34%
OM growth 3Y1.41%
OM growth 5Y0.49%
PM growth 3Y-31.45%
PM growth 5Y-27.48%
GM growth 3Y0.86%
GM growth 5Y0.26%
F-Score8
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 46.2 | ||
| Debt/EBITDA | 11.03 | ||
| Cap/Depr | 3707.94% | ||
| Cap/Sales | 65.47% | ||
| Interest Coverage | 7.71 | ||
| Cash Conversion | 106.64% | ||
| Profit Quality | 46.87% | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 1.2 |
F-Score8
WACC4.48%
ROIC/WACC0.53
Cap/Depr(3y)4148.07%
Cap/Depr(5y)3166.16%
Cap/Sales(3y)60.99%
Cap/Sales(5y)56.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.82%
EPS 3Y6.47%
EPS 5Y1.53%
EPS Q2Q%5.19%
EPS Next Y4.89%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPS Next 5YN/A
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%5.24%
Revenue Next Year3.65%
Revenue Next 2Y2.44%
Revenue Next 3Y2.82%
Revenue Next 5Y4.53%
EBIT growth 1Y5.05%
EBIT growth 3Y5.7%
EBIT growth 5Y0.87%
EBIT Next Year5.63%
EBIT Next 3Y4.43%
EBIT Next 5Y4.58%
FCF growth 1Y0.51%
FCF growth 3Y6.25%
FCF growth 5Y15.9%
OCF growth 1Y12.13%
OCF growth 3Y7.59%
OCF growth 5Y-0.67%