GECINA SA (GFC.PA) Stock Fundamental Analysis
EPA:GFC - Euronext Paris - Matif - FR0010040865 - REIT - Currency: EUR
GFC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of GFC while its profitability can be described as average. GFC is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GFC was profitable.
GFC had a positive operating cash flow in the past year.
GFC had positive earnings in 4 of the past 5 years.
GFC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GFC has a Return On Assets (1.71%) which is comparable to the rest of the industry.
GFC has a worse Return On Equity (2.98%) than 60.00% of its industry peers.
With a Return On Invested Capital value of 2.34%, GFC is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for GFC is in line with the industry average of 3.64%.
The 3 year average ROIC (2.16%) for GFC is below the current ROIC(2.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 2.98% | ||
| ROIC | 2.34% |
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 has a Profit Margin (44.60%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of GFC has declined.
With a decent Operating Margin value of 79.23%, GFC is doing good in the industry, outperforming 72.50% of the companies in the same industry.
In the last couple of years the Operating Margin of GFC has remained more or less at the same level.
GFC has a better Gross Margin (91.97%) than 80.00% of its industry peers.
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
GFC 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 GFC remains at a similar level compared to 1 year ago.
GFC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, GFC has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.09, we must say that GFC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.09, GFC is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
GFC has a debt to FCF ratio of 72.06. This is a negative value and a sign of low solvency as GFC would need 72.06 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 72.06, GFC is doing worse than 80.00% of the companies in the same industry.
A Debt/Equity ratio of 0.65 indicates that GFC is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.65, GFC is doing good in the industry, outperforming 65.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 72.06 | ||
| Altman-Z | 1.09 |
ROIC/WACC0.54
WACC4.34%
2.3 Liquidity
A Current Ratio of 0.55 indicates that GFC may have some problems paying its short term obligations.
GFC's Current ratio of 0.55 is in line compared to the rest of the industry. GFC outperforms 57.50% of its industry peers.
GFC has a Quick Ratio of 0.55. 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 has a Quick ratio (0.55) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.82% over the past year.
The Earnings Per Share has been growing slightly by 1.53% on average over the past years.
Looking at the last year, GFC shows a small growth in Revenue. The Revenue has grown by 4.15% in the last 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%222.33%
Revenue 1Y (TTM)4.15%
Revenue growth 3Y4.23%
Revenue growth 5Y0.38%
Sales Q2Q%4.89%
3.2 Future
GFC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.83% yearly.
GFC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.53% yearly.
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
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.33, which indicates a correct valuation of GFC.
Compared to the rest of the industry, the Price/Earnings ratio of GFC is on the same level as its industry peers.
GFC is valuated cheaply when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 12.44, GFC is valued correctly.
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 60.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.80, GFC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.33 | ||
| Fwd PE | 12.44 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GFC is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, GFC is valued expensively inside the industry as 82.50% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 69.23 | ||
| EV/EBITDA | 20.02 |
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)2.72
PEG (5Y)8.7
EPS Next 2Y3.52%
EPS Next 3Y2.83%
5. Dividend
5.1 Amount
GFC has a Yearly Dividend Yield of 6.15%, which is a nice return.
GFC's Dividend Yield is a higher than the industry average which is at 5.55.
Compared to an average S&P500 Dividend Yield of 2.34, GFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.15% |
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
127.92% of the earnings are spent on dividend by GFC. This is not a sustainable payout ratio.
DP127.92%
EPS Next 2Y3.52%
EPS Next 3Y2.83%
EPA:GFC (8/1/2025, 5:35:30 PM)
85.6
-0.6 (-0.7%)
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 Cap6.57B
Analysts79.09
Price Target112.72 (31.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.15% |
Yearly Dividend5.31
Dividend Growth(5Y)-0.7%
DP127.92%
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)0.8%
PT rev (3m)-0.08%
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)0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.33 | ||
| Fwd PE | 12.44 | ||
| P/S | 9.46 | ||
| P/FCF | 69.23 | ||
| P/OCF | 12.72 | ||
| P/B | 0.63 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 20.02 |
EPS(TTM)6.42
EY7.5%
EPS(NY)6.88
Fwd EY8.04%
FCF(TTM)1.24
FCFY1.44%
OCF(TTM)6.73
OCFY7.86%
SpS9.05
BVpS135.5
TBVpS133.19
PEG (NY)2.72
PEG (5Y)8.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 2.98% | ||
| ROCE | 3.48% | ||
| ROIC | 2.34% | ||
| ROICexc | 2.44% | ||
| ROICexgc | 2.47% | ||
| OM | 79.23% | ||
| PM (TTM) | 44.6% | ||
| GM | 91.97% | ||
| FCFM | 13.66% |
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 | 0.65 | ||
| Debt/FCF | 72.06 | ||
| Debt/EBITDA | 11.98 | ||
| Cap/Depr | 3437.7% | ||
| Cap/Sales | 60.7% | ||
| Interest Coverage | 6.34 | ||
| Cash Conversion | 91.81% | ||
| Profit Quality | 30.63% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 1.09 |
F-Score8
WACC4.34%
ROIC/WACC0.54
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%222.33%
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%4.89%
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 1Y-15.63%
FCF growth 3Y6.25%
FCF growth 5Y15.9%
OCF growth 1Y2.09%
OCF growth 3Y7.59%
OCF growth 5Y-0.67%